Aqualine Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	347	74	58	129	551
Cash & Short-Term Investments	347	74	58	129	551
Cash Growth	368.92%	27.59%	-55.04%	-76.59%	-38.50%
Accounts Receivable	46	280	585	596	306
Other Receivables	88	98	155	327	-
Receivables	136	480	740	923	306
Inventory	5	54	123	135	181
Prepaid Expenses	22	107	196	149	23
Other Current Assets	33	12	18	42	77
Total Current Assets	543	727	1,135	1,378	1,138
Property, Plant & Equipment	9	-	33	101	147
Long-Term Investments	50	28	124	233	168
Goodwill	-	-	-	-	546
Other Intangible Assets	-	-	47	64	86
Other Long-Term Assets	-	-	1	1	1
Total Assets	602	820	1,505	1,882	2,086
Accounts Payable	178	31	167	139	106
Accrued Expenses	6	4	2	2	-
Short-Term Debt	-	200	-	100	40
Current Portion of Long-Term Debt	28	160	286	366	186
Current Portion of Leases	10	19	51	69	80
Current Income Taxes Payable	79	364	425	481	284
Other Current Liabilities	106	408	403	382	185
Total Current Liabilities	407	1,186	1,334	1,539	881
Long-Term Debt	29	56	92	263	629
Long-Term Leases	33	16	19	72	143
Long-Term Deferred Tax Liabilities	-	-	-	-	20
Other Long-Term Liabilities	2	-	8	54	2
Total Liabilities	471	1,258	1,453	1,928	1,675
Common Stock	1,311	673	673	415	315
Additional Paid-In Capital	1,149	511	593	335	235
Retained Earnings	-2,306	-1,599	-1,252	-881	-561
Treasury Stock	-23	-23	-23	-23	-23
Comprehensive Income & Other	-	-	-	1	1
Total Common Equity	131	-438	-9	-153	-33
Minority Interest	-	-	61	107	444
Shareholders' Equity	131	-438	52	-46	411
Total Liabilities & Equity	602	820	1,505	1,882	2,086
Total Debt	100	451	448	870	1,078
Net Cash (Debt)	247	-377	-390	-741	-527
Net Cash Per Share	33.83	-102.08	-129.93	-346.66	-263.94
Filing Date Shares Outstanding	9.21	6.94	3.69	2.6	2.14
Total Common Shares Outstanding	9.21	3.69	3.69	2.6	2.14
Working Capital	136	-459	-199	-161	257
Book Value Per Share	14.23	-118.60	-2.44	-58.84	-15.45
Tangible Book Value	131	-438	-56	-217	-665
Tangible Book Value Per Share	14.23	-118.60	-15.16	-83.45	-311.29

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.