Blue Innovation 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	726	988	668	1,222	527	675
Cash & Short-Term Investments	726	988	668	1,222	527	675
Cash Growth	35.70%	47.90%	-45.34%	131.88%	-21.93%	-
Receivables	408	260	467	395	212	184
Inventory	107	116	51	29	64	34
Prepaid Expenses	-	20	25	21	13	12
Other Current Assets	22	4	24	10	16	7
Total Current Assets	1,263	1,388	1,235	1,677	832	912
Property, Plant & Equipment	5	-	82	82	69	81
Long-Term Investments	13	13	17	8	9	10
Other Intangible Assets	-	-	7	16	25	34
Other Long-Term Assets	-	1	1	2	2	2
Total Assets	1,281	1,402	1,342	1,785	937	1,039
Accounts Payable	58	121	108	94	35	26
Accrued Expenses	52	55	66	65	63	63
Current Portion of Long-Term Debt	25	25	17	18	7	-
Current Income Taxes Payable	37	35	32	40	49	22
Other Current Liabilities	42	28	27	64	22	46
Total Current Liabilities	214	264	250	281	176	157
Long-Term Debt	923	930	456	473	392	400
Other Long-Term Liabilities	4	4	3	3	4	2
Total Liabilities	1,141	1,198	709	757	572	559
Common Stock	799	797	695	695	214	100
Additional Paid-In Capital	735	733	631	631	495	775
Retained Earnings	-1,397	-1,329	-693	-299	-344	-394
Comprehensive Income & Other	3	3	-	1	-	-1
Shareholders' Equity	140	204	633	1,028	365	480
Total Liabilities & Equity	1,281	1,402	1,342	1,785	937	1,039
Total Debt	948	955	473	491	399	400
Net Cash (Debt)	-222	33	195	731	128	275
Net Cash Growth	-	-83.08%	-73.32%	471.09%	-53.45%	-
Net Cash Per Share	-55.77	8.34	49.50	220.68	39.32	86.62
Filing Date Shares Outstanding	4.03	4.01	3.94	3.41	3.26	3.17
Total Common Shares Outstanding	4.03	4.01	3.94	3.41	3.26	3.17
Working Capital	1,049	1,124	985	1,396	656	755
Book Value Per Share	34.74	50.83	160.70	301.30	112.12	151.19
Tangible Book Value	140	204	626	1,012	340	446
Tangible Book Value Per Share	34.74	50.83	158.92	296.61	104.44	140.48