Innovacell 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	11,646	4,101	1,961	1,096
Cash & Short-Term Investments	11,646	4,101	1,961	1,096
Cash Growth	-	109.13%	78.92%	-
Other Receivables	332.56	260	243	223
Receivables	332.56	260	243	223
Inventory	28.67	38	37	43
Other Current Assets	287.48	97	75	537
Total Current Assets	12,295	4,496	2,316	1,899
Property, Plant & Equipment	532.19	543	473	456
Long-Term Investments	-	31	29	31
Other Intangible Assets	19.18	20	13	16
Other Long-Term Assets	31.72	2	3	2
Total Assets	12,878	5,092	2,834	2,404
Accrued Expenses	11.15	12	30	27
Current Portion of Long-Term Debt	56.13	86	76	336
Current Portion of Leases	17.13	16	8	7
Current Income Taxes Payable	25.49	225	323	294
Other Current Liabilities	321.62	93	74	63
Total Current Liabilities	431.52	432	511	727
Long-Term Debt	1,565	4,588	3,646	2,799
Long-Term Leases	497.45	504	426	393
Other Long-Term Liabilities	0	198	207	222
Total Liabilities	2,684	5,722	4,790	4,141
Common Stock	11,007	4,131	2,850	1,665
Additional Paid-In Capital	8,455	2,333	1,825	1,930
Retained Earnings	-8,565	-8,366	-6,283	-5,926
Comprehensive Income & Other	-702.1	1,272	-348	594
Shareholders' Equity	10,194	-630	-1,956	-1,737
Total Liabilities & Equity	12,878	5,092	2,834	2,404
Total Debt	2,136	5,194	4,156	3,535
Net Cash (Debt)	9,511	-1,093	-2,195	-2,439
Net Cash Per Share	210.88	-34.07	-82.04	-91.83
Filing Date Shares Outstanding	45.1	45.1	26.75	26.56
Total Common Shares Outstanding	45.1	33.34	26.75	26.56
Working Capital	11,863	4,064	1,805	1,172
Book Value Per Share	226.04	-18.90	-73.11	-65.40
Tangible Book Value	10,175	-650	-1,969	-1,753
Tangible Book Value Per Share	225.62	-19.50	-73.60	-66.00