ARE Holdings Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	10,336	17,555	6,881	17,952	6,127
Cash & Short-Term Investments	10,336	17,555	6,881	17,952	6,127
Cash Growth	-41.12%	155.12%	-61.67%	193.00%	-38.87%
Accounts Receivable	315,302	304,306	155,268	154,046	151,437
Other Receivables	250	-	77	1,345	3,958
Receivables	315,552	304,306	155,345	155,391	155,395
Inventory	122,415	51,178	33,879	40,854	63,398
Prepaid Expenses	-	761	508	476	434
Other Current Assets	88,695	45,830	57,160	23,701	16,424
Total Current Assets	536,998	419,630	253,773	238,374	241,778
Property, Plant & Equipment	41,800	36,464	33,192	42,553	43,748
Long-Term Investments	34,705	30,474	29,424	761	4,842
Goodwill	-	19	19	1,003	1,040
Other Intangible Assets	1,678	1,439	1,580	1,255	712
Long-Term Deferred Tax Assets	204	2,007	5	3,498	6,262
Other Long-Term Assets	3	4	5	4	5
Total Assets	615,388	490,037	317,998	287,448	298,387
Accounts Payable	131,965	45,096	27,180	26,024	27,711
Accrued Expenses	-	1,343	1,162	1,827	1,998
Short-Term Debt	98,554	212,946	64,985	91,494	108,263
Current Portion of Long-Term Debt	-	33,454	4,985	-	-
Current Income Taxes Payable	5,619	2,473	2,985	304	1,044
Other Current Liabilities	40,738	15,939	11,704	5,831	9,610
Total Current Liabilities	276,876	311,251	113,001	125,480	148,626
Long-Term Debt	84,648	43,462	71,190	52,867	42,662
Pension & Post-Retirement Benefits	156	108	99	107	93
Long-Term Deferred Tax Liabilities	22,806	6,324	4,432	275	576
Other Long-Term Liabilities	347	2,544	2,800	1,762	1,293
Total Liabilities	384,833	363,689	191,522	180,491	193,250
Common Stock	20,233	7,790	7,790	7,790	7,790
Additional Paid-In Capital	26,760	12,080	12,245	12,103	11,955
Retained Earnings	138,497	121,679	113,837	96,319	92,353
Treasury Stock	-1,657	-6,066	-5,925	-5,925	-1,819
Comprehensive Income & Other	46,722	-9,182	-1,471	-3,330	-5,142
Total Common Equity	230,555	126,301	126,476	106,957	105,137
Minority Interest	-	47	-	-	-
Shareholders' Equity	230,555	126,348	126,476	106,957	105,137
Total Liabilities & Equity	615,388	490,037	317,998	287,448	298,387
Total Debt	183,202	289,862	141,160	144,361	150,925
Net Cash (Debt)	-172,866	-272,307	-134,279	-126,409	-144,798
Net Cash Per Share	-2030.95	-3164.08	-1555.37	-1453.39	-1635.85
Filing Date Shares Outstanding	80.01	76.61	76.64	76.64	78.64
Total Common Shares Outstanding	80.01	76.61	76.64	76.64	78.64
Working Capital	260,122	108,379	140,772	112,894	93,152
Book Value Per Share	2881.42	1648.55	1650.19	1395.52	1336.89
Tangible Book Value	228,877	124,843	124,877	104,699	103,385
Tangible Book Value Per Share	2860.45	1629.52	1629.33	1366.06	1314.61

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