Will Group Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	6,989	6,936	7,106	9,590	8,973	7,455
Cash & Short-Term Investments	6,989	6,936	7,106	9,590	8,973	7,455
Cash Growth	1.91%	-2.39%	-25.90%	6.88%	20.36%	25.42%
Receivables	19,052	18,136	17,512	17,928	17,458	14,694
Other Current Assets	1,898	1,479	1,511	1,148	858	1,421
Total Current Assets	27,939	26,551	26,129	28,666	27,289	23,570
Property, Plant & Equipment	6,310	5,500	6,346	7,488	8,032	6,797
Long-Term Investments	-	2,246	2,330	2,713	2,507	2,509
Goodwill	9,668	8,166	8,737	8,120	6,514	6,155
Other Intangible Assets	6,282	5,605	6,109	5,996	6,154	6,049
Long-Term Deferred Tax Assets	1,943	1,851	1,888	1,953	1,850	1,678
Other Long-Term Assets	2,071	4	4	3	4	2
Total Assets	54,213	49,923	51,543	54,939	52,350	46,760
Accounts Payable	18,555	16,956	16,485	16,151	15,297	13,760
Short-Term Debt	-	2,519	1,154	4,400	3,000	2,000
Current Portion of Long-Term Debt	1,956	1,483	1,335	2,361	2,786	2,865
Current Portion of Leases	-	1,098	1,109	1,038	1,174	1,060
Current Income Taxes Payable	820	523	1,005	1,027	1,195	514
Other Current Liabilities	5,015	2,629	3,445	3,437	5,909	4,591
Total Current Liabilities	26,346	25,208	24,533	28,414	29,361	24,790
Long-Term Debt	2,948	2,602	3,440	3,385	2,202	3,923
Long-Term Leases	-	3,426	4,566	5,906	6,285	5,346
Long-Term Deferred Tax Liabilities	981	935	1,006	1,127	1,202	1,289
Other Long-Term Liabilities	4,315	392	480	231	179	1,386
Total Liabilities	34,590	32,563	34,025	39,063	39,229	36,734
Common Stock	2,222	2,217	2,198	2,187	2,163	2,089
Additional Paid-In Capital	-	-2,068	-2,045	-1,923	-2,266	-1,786
Retained Earnings	16,507	15,536	15,528	13,758	11,310	8,559
Treasury Stock	-198	-204	-204	-274	-274	-279
Comprehensive Income & Other	1,115	1,911	2,031	890	465	-343
Total Common Equity	19,646	17,392	17,508	14,638	11,398	8,240
Minority Interest	-23	-32	10	1,238	1,723	1,786
Shareholders' Equity	19,623	17,360	17,518	15,876	13,121	10,026
Total Liabilities & Equity	54,213	49,923	51,543	54,939	52,350	46,760
Total Debt	4,904	11,128	11,604	17,090	15,447	15,194
Net Cash (Debt)	2,085	-4,192	-4,498	-7,500	-6,474	-7,739
Net Cash Growth	251.01%	-	-	-	-	-
Net Cash Per Share	91.00	-183.02	-196.80	-328.98	-285.19	-342.40
Filing Date Shares Outstanding	22.91	22.88	22.8	22.66	22.57	22.27
Total Common Shares Outstanding	22.91	22.88	22.79	22.66	22.57	22.26
Working Capital	1,593	1,343	1,596	252	-2,072	-1,220
Book Value Per Share	857.43	760.06	768.34	646.01	505.07	370.10
Tangible Book Value	3,696	3,621	2,662	522	-1,270	-3,964
Tangible Book Value Per Share	161.31	158.24	116.82	23.04	-56.28	-178.04

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