Waseda Academy Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	10,094	10,591	8,091	7,666	6,306	5,207
Short-Term Investments	-	-	30	-	-	-
Cash & Short-Term Investments	10,094	10,591	8,121	7,666	6,306	5,207
Cash Growth	46.06%	30.41%	5.93%	21.57%	21.11%	-1.94%
Receivables	342.16	2,242	2,119	1,981	1,836	1,889
Inventory	529.91	200	214	211	227	300
Prepaid Expenses	903.45	721	718	507	497	476
Other Current Assets	38.52	63	79	32	38	32
Total Current Assets	11,908	13,817	11,251	10,397	8,904	7,904
Property, Plant & Equipment	4,989	4,977	5,903	5,955	5,598	5,583
Long-Term Investments	649.54	4,431	4,521	3,982	3,847	3,562
Goodwill	526.5	571	751	932	1,113	1,302
Other Intangible Assets	1,014	1,042	1,020	828	691	462
Long-Term Deferred Tax Assets	1,327	1,358	1,037	962	960	849
Other Long-Term Assets	3,969	1	2	1	1	1
Total Assets	24,384	26,197	24,485	23,057	21,114	19,663
Accounts Payable	1,620	302	365	359	346	345
Accrued Expenses	1,992	1,989	1,892	1,722	1,646	1,633
Current Portion of Leases	175.64	174	181	203	217	223
Current Income Taxes Payable	79.09	2,363	2,259	2,071	2,021	1,737
Other Current Liabilities	1,035	1,192	1,081	1,017	1,058	976
Total Current Liabilities	4,903	6,020	5,778	5,372	5,288	4,914
Long-Term Leases	340.61	351	301	317	333	386
Pension & Post-Retirement Benefits	1,218	1,195	1,129	1,142	1,078	1,024
Other Long-Term Liabilities	2,087	2,074	2,093	1,964	1,884	1,908
Total Liabilities	8,548	9,640	9,301	8,795	8,583	8,232
Common Stock	2,014	2,014	2,014	2,014	2,014	2,014
Additional Paid-In Capital	2,096	2,095	2,095	2,019	2,019	2,019
Retained Earnings	12,289	13,067	11,694	10,201	8,563	7,447
Treasury Stock	-743.51	-791	-791	-113	-143	-140
Comprehensive Income & Other	180.11	172	172	141	78	91
Shareholders' Equity	15,836	16,557	15,184	14,262	12,531	11,431
Total Liabilities & Equity	24,384	26,197	24,485	23,057	21,114	19,663
Total Debt	516.25	525	482	520	550	609
Net Cash (Debt)	9,578	10,066	7,639	7,146	5,756	4,598
Net Cash Growth	48.62%	31.77%	6.90%	24.15%	25.19%	9.37%
Net Cash Per Share	517.49	544.80	414.94	377.91	305.16	243.83
Filing Date Shares Outstanding	18.51	18.47	18.48	18.45	18.86	18.86
Total Common Shares Outstanding	18.51	18.47	18.48	18.92	18.86	18.86
Working Capital	7,005	7,797	5,473	5,025	3,616	2,990
Book Value Per Share	855.61	896.28	821.63	753.83	664.54	606.19
Tangible Book Value	14,295	14,944	13,413	12,502	10,727	9,667
Tangible Book Value Per Share	772.39	808.97	725.80	660.81	568.87	512.64