Kyowa 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 2018
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 '18 Mar 31, 2018
Cash & Equivalents	4,920	4,499	5,125	4,569	4,896	3,707
Short-Term Investments	200	200	200	200	200	-
Cash & Short-Term Investments	5,120	4,699	5,325	4,769	5,096	3,707
Cash Growth	29.92%	-11.76%	11.66%	-6.42%	37.47%	93.38%
Accounts Receivable	1,293	1,095	696	654	477	716
Other Receivables	-	-	-	-	-	20
Receivables	1,293	1,095	696	654	477	736
Inventory	676	536	583	792	303	178
Other Current Assets	417	358	333	324	321	251
Total Current Assets	7,506	6,688	6,937	6,539	6,197	4,920
Property, Plant & Equipment	7,583	6,399	5,461	4,988	4,167	3,989
Long-Term Investments	2,259	2,050	1,751	1,664	1,629	1,805
Other Intangible Assets	39	43	42	45	48	41
Long-Term Deferred Tax Assets	179	215	19	44	46	81
Other Long-Term Assets	1	2	1	1	2	2
Total Assets	17,567	15,397	14,211	13,281	12,089	10,838
Accounts Payable	2,126	1,453	1,332	1,714	918	1,046
Accrued Expenses	72	103	90	87	64	60
Short-Term Debt	-	-	-	-	-	219
Current Portion of Long-Term Debt	1,768	1,555	1,555	1,816	1,406	1,824
Current Income Taxes Payable	1,292	1,635	1,281	1,272	999	918
Other Current Liabilities	1,348	764	801	600	274	60
Total Current Liabilities	6,606	5,510	5,059	5,489	3,661	4,127
Long-Term Debt	4,784	4,353	4,542	3,821	4,821	3,251
Other Long-Term Liabilities	750	663	619	567	518	254
Total Liabilities	12,140	10,526	10,220	9,877	9,000	7,632
Common Stock	709	709	709	709	709	693
Additional Paid-In Capital	502	503	504	504	505	482
Retained Earnings	4,029	3,524	2,725	2,192	1,863	2,005
Treasury Stock	-39	-41	-45	-45	-48	-41
Comprehensive Income & Other	226	176	98	44	60	67
Shareholders' Equity	5,427	4,871	3,991	3,404	3,089	3,206
Total Liabilities & Equity	17,567	15,397	14,211	13,281	12,089	10,838
Total Debt	6,552	5,908	6,097	5,637	6,227	5,294
Net Cash (Debt)	-1,432	-1,209	-772	-868	-1,131	-1,587
Net Cash Per Share	-239.10	-201.97	-129.01	-145.26	-191.10	-329.43
Filing Date Shares Outstanding	5.97	5.96	5.95	5.95	5.95	5.83
Total Common Shares Outstanding	5.97	5.96	5.95	5.95	5.95	5.83
Working Capital	900	1,178	1,878	1,050	2,536	793
Book Value Per Share	909.22	816.89	670.43	571.79	518.94	550.20
Tangible Book Value	5,388	4,828	3,949	3,359	3,041	3,165
Tangible Book Value Per Share	902.68	809.68	663.38	564.23	510.88	543.16

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