Feedforce Group Balance Sheet

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Cash & Equivalents	4,701	4,233	3,522	2,596	3,636
Cash & Short-Term Investments	4,701	4,233	3,522	2,596	3,636
Cash Growth	11.06%	20.19%	35.67%	-28.60%	13.87%
Receivables	2,061	1,720	1,561	1,539	1,179
Other Current Assets	525	472	1,115	1,113	688
Total Current Assets	7,287	6,425	6,198	5,248	5,503
Property, Plant & Equipment	72	68	72	50	73
Long-Term Investments	166	159	271	303	201
Goodwill	245	216	263	615	1,262
Other Intangible Assets	397	507	611	720	830
Long-Term Deferred Tax Assets	333	276	143	181	149
Other Long-Term Assets	2	2	1	2	1
Total Assets	8,502	7,653	7,559	7,119	8,019
Accounts Payable	1,611	1,323	1,684	1,637	1,349
Accrued Expenses	96	80	73	72	34
Short-Term Debt	1,300	1,200	66	-	500
Current Portion of Long-Term Debt	-	-	1,170	270	270
Current Income Taxes Payable	365	334	301	312	277
Other Current Liabilities	256	257	202	250	431
Total Current Liabilities	3,628	3,194	3,496	2,541	2,861
Long-Term Debt	1,000	1,000	1,000	1,470	1,740
Long-Term Deferred Tax Liabilities	88	136	172	216	269
Other Long-Term Liabilities	2	1	3	2	2
Total Liabilities	4,718	4,331	4,671	4,229	4,872
Common Stock	41	61	37	30	16
Additional Paid-In Capital	-	574	1,052	1,514	1,821
Retained Earnings	3,645	2,581	1,705	1,232	1,146
Comprehensive Income & Other	98	106	94	94	77
Total Common Equity	3,784	3,322	2,888	2,870	3,060
Minority Interest	-	-	-	20	87
Shareholders' Equity	3,784	3,322	2,888	2,890	3,147
Total Liabilities & Equity	8,502	7,653	7,559	7,119	8,019
Total Debt	2,300	2,200	2,236	1,740	2,510
Net Cash (Debt)	2,401	2,033	1,286	856	1,126
Net Cash Growth	18.10%	58.09%	50.23%	-23.98%	-25.58%
Net Cash Per Share	98.33	79.72	48.78	32.46	42.29
Filing Date Shares Outstanding	23.89	24.31	25.33	26.22	26.16
Total Common Shares Outstanding	23.89	25.03	25.77	25.69	26.16
Working Capital	3,659	3,231	2,702	2,707	2,642
Book Value Per Share	158.40	132.70	112.07	111.70	116.98
Tangible Book Value	3,142	2,599	2,014	1,535	968
Tangible Book Value Per Share	131.53	103.82	78.16	59.74	37.00