Innovacell 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	4,101	1,961	1,096
Cash & Short-Term Investments	4,101	1,961	1,096
Cash Growth	109.15%	78.92%	-
Other Receivables	260.16	243	223
Receivables	260.16	243	223
Inventory	38.94	37	43
Other Current Assets	95.73	75	537
Total Current Assets	4,496	2,316	1,899
Property, Plant & Equipment	543.47	473	456
Long-Term Investments	-	29	31
Other Intangible Assets	20.83	13	16
Other Long-Term Assets	31.97	3	2
Total Assets	5,093	2,834	2,404
Accrued Expenses	12.23	30	27
Current Portion of Long-Term Debt	86.95	76	336
Current Portion of Leases	16.81	8	7
Current Income Taxes Payable	8.36	323	294
Other Current Liabilities	307.79	74	63
Total Current Liabilities	432.15	511	727
Long-Term Debt	4,588	3,646	2,799
Long-Term Leases	504.41	426	393
Long-Term Unearned Revenue	198.26	-	-
Other Long-Term Liabilities	0	207	222
Total Liabilities	5,723	4,790	4,141
Common Stock	4,131	2,850	1,665
Additional Paid-In Capital	2,333	1,825	1,930
Retained Earnings	-8,366	-6,283	-5,926
Comprehensive Income & Other	1,271	-348	594
Shareholders' Equity	-630.26	-1,956	-1,737
Total Liabilities & Equity	5,093	2,834	2,404
Total Debt	5,196	4,156	3,535
Net Cash (Debt)	-1,095	-2,195	-2,439
Net Cash Per Share	-34.13	-82.04	-91.83
Filing Date Shares Outstanding	33.34	26.75	26.56
Total Common Shares Outstanding	33.34	26.75	26.56
Working Capital	4,064	1,805	1,172
Book Value Per Share	-18.91	-73.11	-65.40
Tangible Book Value	-651.09	-1,969	-1,753
Tangible Book Value Per Share	-19.53	-73.60	-66.00
Buildings	369.06	-	-
Machinery	524.95	-	-

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