BELLSYSTEM24 Holdings Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	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	8,216	7,194	6,992	7,213	6,998	6,196
Cash & Short-Term Investments	8,216	7,194	6,992	7,213	6,998	6,196
Cash Growth	0.49%	2.89%	-3.06%	3.07%	12.94%	12.29%
Accounts Receivable	19,332	20,657	19,006	19,195	21,232	21,181
Receivables	19,332	20,657	19,006	19,195	21,232	21,181
Other Current Assets	2,341	1,866	2,044	1,889	2,443	1,432
Total Current Assets	29,889	29,717	28,042	28,297	30,673	28,809
Property, Plant & Equipment	24,634	25,556	31,563	35,828	37,007	40,067
Long-Term Investments	6,368	13,847	14,153	8,977	9,017	9,666
Goodwill	94,679	94,669	94,651	96,772	94,900	94,900
Other Intangible Assets	2,554	2,439	2,830	2,869	1,668	2,064
Long-Term Deferred Tax Assets	3,403	3,593	3,174	2,722	2,985	2,806
Total Assets	168,697	169,821	174,413	175,465	176,250	178,312
Accounts Payable	5,051	5,820	5,634	5,531	7,634	6,691
Accrued Expenses	13,280	11,362	10,813	11,042	11,473	12,005
Short-Term Debt	-	8,100	15,800	14,000	9,600	4,500
Current Portion of Long-Term Debt	18,100	9,200	14,999	9,000	7,000	32,981
Current Income Taxes Payable	886	2,743	1,834	967	2,775	2,222
Other Current Liabilities	9,226	8,565	8,333	8,059	7,756	9,004
Total Current Liabilities	46,543	45,790	57,413	48,599	46,238	67,403
Long-Term Debt	30,089	31,438	23,247	33,234	38,221	21,971
Pension & Post-Retirement Benefits	551	572	962	712	715	652
Long-Term Deferred Tax Liabilities	173	173	187	211	-	8
Other Long-Term Liabilities	16,414	17,066	21,767	24,970	26,165	28,789
Total Liabilities	93,770	95,039	103,576	107,726	111,339	118,823
Common Stock	27,456	27,456	27,097	27,097	27,079	27,079
Additional Paid-In Capital	-	-12,321	-8,058	-3,826	1,268	3,478
Retained Earnings	61,476	59,566	51,385	43,382	35,837	28,783
Treasury Stock	-291	-296	-312	-378	-285	-297
Comprehensive Income & Other	-14,610	-477	48	455	325	-57
Total Common Equity	74,031	73,928	70,160	66,730	64,224	58,986
Minority Interest	896	854	677	1,009	687	503
Shareholders' Equity	74,927	74,782	70,837	67,739	64,911	59,489
Total Liabilities & Equity	168,697	169,821	174,413	175,465	176,250	178,312
Total Debt	48,189	48,738	54,046	56,234	54,821	59,452
Net Cash (Debt)	-39,973	-41,544	-47,054	-49,021	-47,823	-53,256
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-536.96	-558.90	-635.70	-662.98	-645.92	-719.08
Filing Date Shares Outstanding	74.35	74.35	73.57	73.53	73.56	73.56
Total Common Shares Outstanding	74.35	74.35	73.57	73.53	73.56	73.56
Working Capital	-16,654	-16,073	-29,371	-20,302	-15,565	-38,594
Book Value Per Share	995.73	994.39	953.69	907.55	873.06	801.93
Tangible Book Value	-23,202	-23,180	-27,321	-32,911	-32,344	-37,978
Tangible Book Value Per Share	-312.07	-311.79	-371.38	-447.60	-439.69	-516.32