Milbon Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	11,816	13,829	11,337	12,300	13,350
Short-Term Investments	-	-	-	-	200
Cash & Short-Term Investments	11,816	13,829	11,337	12,300	13,550
Cash Growth	-14.56%	21.98%	-7.83%	-9.22%	9.76%
Receivables	5,894	6,023	5,345	5,255	4,670
Inventory	10,539	10,303	9,048	8,358	5,940
Other Current Assets	852	780	448	785	740
Total Current Assets	29,101	30,935	26,178	26,698	24,900
Property, Plant & Equipment	22,909	22,307	20,999	19,819	17,816
Long-Term Investments	3,920	3,012	3,373	3,506	3,395
Other Intangible Assets	1,538	1,675	1,930	1,902	1,516
Long-Term Deferred Tax Assets	283	940	909	826	577
Other Long-Term Assets	1	2	1	2	2
Total Assets	57,801	58,899	53,391	52,760	48,238
Accounts Payable	1,436	1,444	931	1,133	936
Accrued Expenses	627	612	581	591	511
Current Income Taxes Payable	4,425	5,774	4,076	5,356	4,897
Other Current Liabilities	1,197	1,378	979	916	966
Total Current Liabilities	7,685	9,208	6,567	7,996	7,310
Pension & Post-Retirement Benefits	21	17	14	10	7
Other Long-Term Liabilities	1,038	858	878	763	725
Total Liabilities	8,744	10,083	7,459	8,769	8,042
Common Stock	2,000	2,000	2,000	2,000	2,000
Additional Paid-In Capital	199	298	306	274	246
Retained Earnings	43,576	45,232	43,079	41,875	38,834
Treasury Stock	-1,493	-1,906	-1,982	-2,030	-2,080
Comprehensive Income & Other	4,775	3,192	2,529	1,872	1,196
Shareholders' Equity	49,057	48,816	45,932	43,991	40,196
Total Liabilities & Equity	57,801	58,899	53,391	52,760	48,238
Net Cash (Debt)	11,816	13,829	11,337	12,300	13,550
Net Cash Growth	-14.56%	21.98%	-7.83%	-9.22%	9.76%
Net Cash Per Share	365.21	424.78	348.44	378.21	416.81
Filing Date Shares Outstanding	31.78	32.56	32.54	32.53	32.51
Total Common Shares Outstanding	31.78	32.56	32.54	32.53	32.51
Working Capital	21,416	21,727	19,611	18,702	17,590
Book Value Per Share	1543.61	1499.16	1411.55	1352.50	1236.38
Tangible Book Value	47,519	47,141	44,002	42,089	38,680
Tangible Book Value Per Share	1495.22	1447.72	1352.24	1294.02	1189.75

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