Aqualine Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	35	74	58	129	551	896
Cash & Short-Term Investments	35	74	58	129	551	896
Cash Growth	-61.96%	27.59%	-55.04%	-76.59%	-38.50%	22.91%
Accounts Receivable	9	280	585	596	306	429
Other Receivables	127	98	155	327	-	-
Receivables	138	480	740	923	306	429
Inventory	17	54	123	135	181	203
Prepaid Expenses	43	107	196	149	23	26
Other Current Assets	10	12	18	42	77	8
Total Current Assets	243	727	1,135	1,378	1,138	1,562
Property, Plant & Equipment	-	-	33	101	147	139
Long-Term Investments	-36	28	124	233	168	153
Goodwill	-	-	-	-	546	728
Other Intangible Assets	-	-	47	64	86	104
Other Long-Term Assets	1	-	1	1	1	1
Total Assets	308	820	1,505	1,882	2,086	2,687
Accounts Payable	194	31	167	139	106	103
Accrued Expenses	8	4	2	2	-	-
Short-Term Debt	125	200	-	100	40	86
Current Portion of Long-Term Debt	41	160	286	366	186	162
Current Portion of Leases	8	19	51	69	80	84
Current Income Taxes Payable	112	364	425	481	284	457
Other Current Liabilities	72	408	403	382	185	83
Total Current Liabilities	560	1,186	1,334	1,539	881	975
Long-Term Debt	30	56	92	263	629	456
Long-Term Leases	27	16	19	72	143	206
Long-Term Deferred Tax Liabilities	-	-	-	-	20	40
Other Long-Term Liabilities	1	-	8	54	2	1
Total Liabilities	618	1,258	1,453	1,928	1,675	1,678
Common Stock	1,013	673	673	415	315	280
Additional Paid-In Capital	851	511	593	335	235	200
Retained Earnings	-2,153	-1,599	-1,252	-881	-561	32
Treasury Stock	-23	-23	-23	-23	-23	-23
Comprehensive Income & Other	2	-	-	1	1	39
Total Common Equity	-310	-438	-9	-153	-33	528
Minority Interest	-	-	61	107	444	481
Shareholders' Equity	-310	-438	52	-46	411	1,009
Total Liabilities & Equity	308	820	1,505	1,882	2,086	2,687
Total Debt	231	451	448	870	1,078	994
Net Cash (Debt)	-196	-377	-390	-741	-527	-98
Net Cash Per Share	-33.10	-102.08	-129.93	-346.66	-263.94	-48.73
Filing Date Shares Outstanding	7.09	6.94	3.69	2.6	2.14	2
Total Common Shares Outstanding	7.09	3.69	3.69	2.6	2.14	2
Working Capital	-317	-459	-199	-161	257	587
Book Value Per Share	-43.70	-118.60	-2.44	-58.84	-15.45	264.49
Tangible Book Value	-310	-438	-56	-217	-665	-304
Tangible Book Value Per Share	-43.70	-118.60	-15.16	-83.45	-311.29	-152.28

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.