NS Group Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	14,821	15,983	15,367	12,186
Cash & Short-Term Investments	14,821	15,983	15,367	12,186
Cash Growth	-	4.01%	26.10%	-
Receivables	12,120	11,782	10,496	9,116
Prepaid Expenses	-	1,551	-	-
Other Current Assets	1,965	182	1,450	1,193
Total Current Assets	28,906	29,498	27,313	22,495
Property, Plant & Equipment	1,333	1,433	1,288	1,299
Long-Term Investments	382	383	355	354
Goodwill	36,039	36,039	36,039	36,039
Other Intangible Assets	7,435	7,682	8,710	9,765
Long-Term Deferred Tax Assets	1,113	1,106	494	620
Total Assets	75,208	76,141	74,199	70,572
Accounts Payable	3,699	3,792	13,372	12,167
Accrued Expenses	-	578	-	-
Short-Term Debt	961	-	866	766
Current Portion of Long-Term Debt	-	961	-	-
Current Portion of Leases	465	423	412	357
Current Income Taxes Payable	1,028	2,949	1,412	3,569
Other Current Liabilities	12,542	10,868	557	489
Total Current Liabilities	18,695	19,571	16,619	17,348
Long-Term Debt	24,907	24,907	25,866	26,724
Long-Term Leases	565	677	551	696
Pension & Post-Retirement Benefits	523	508	485	431
Long-Term Deferred Tax Liabilities	1,382	1,486	2,055	2,418
Other Long-Term Liabilities	112	108	82	79
Total Liabilities	46,184	47,257	45,658	47,696
Common Stock	100	100	100	100
Additional Paid-In Capital	7,978	7,978	13,978	13,978
Retained Earnings	20,797	20,657	14,314	8,639
Comprehensive Income & Other	149	149	149	159
Shareholders' Equity	29,024	28,884	28,541	22,876
Total Liabilities & Equity	75,208	76,141	74,199	70,572
Total Debt	26,898	26,968	27,695	28,543
Net Cash (Debt)	-12,077	-10,985	-12,328	-16,357
Net Cash Per Share	-216.97	-197.40	-221.82	-298.73
Filing Date Shares Outstanding	52.16	52.16	52.16	52.16
Total Common Shares Outstanding	52.16	52.16	52.16	52.16
Working Capital	10,211	9,927	10,694	5,147
Book Value Per Share	556.49	553.80	547.23	438.61
Tangible Book Value	-14,450	-14,837	-16,208	-22,928
Tangible Book Value Per Share	-277.06	-284.48	-310.76	-439.60

Source: S&P Global Market Intelligence. Standard template. Financial Sources.