Happinet 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 2021
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 '21 Mar 31, 2021
Cash & Equivalents	19,515	41,005	29,680	27,874	23,358	21,772
Cash & Short-Term Investments	19,515	41,005	29,680	27,874	23,358	21,772
Cash Growth	-25.01%	38.16%	6.48%	19.33%	7.29%	51.09%
Receivables	87,516	40,832	46,568	37,642	33,908	34,283
Inventory	12,198	8,160	7,706	7,480	6,383	6,827
Other Current Assets	15,651	6,941	6,387	4,876	3,958	3,121
Total Current Assets	134,880	96,938	90,341	77,872	67,607	66,003
Property, Plant & Equipment	5,322	5,629	4,289	1,207	1,165	1,091
Long-Term Investments	8,934	13,634	10,873	12,137	12,747	12,123
Goodwill	1,606	2,044	2,628	-	383	256
Other Intangible Assets	1,670	1,867	3,976	1,796	1,775	2,115
Long-Term Deferred Tax Assets	-	1,338	1,307	1,261	1,646	1,368
Other Long-Term Assets	7,084	2	1	2	2	1
Total Assets	159,496	121,452	113,415	94,275	85,325	82,957
Accounts Payable	70,664	41,814	40,022	33,594	27,413	29,097
Accrued Expenses	1,455	338	326	227	647	242
Current Income Taxes Payable	2,842	13,451	11,813	7,771	6,582	6,521
Other Current Liabilities	16,528	2,919	3,454	2,379	2,409	1,463
Total Current Liabilities	91,489	58,522	55,615	43,971	37,051	37,323
Pension & Post-Retirement Benefits	3,585	3,434	3,640	3,409	3,242	3,222
Long-Term Deferred Tax Liabilities	-	593	361	76	117	107
Other Long-Term Liabilities	3,975	3,232	2,501	1,607	1,422	1,333
Total Liabilities	99,049	65,781	62,117	49,063	41,832	41,985
Common Stock	2,751	2,751	2,751	2,751	2,751	2,751
Additional Paid-In Capital	3,353	3,353	3,353	3,322	2,953	2,912
Retained Earnings	53,807	47,103	43,187	38,087	35,981	33,582
Treasury Stock	-4,845	-2,996	-1,866	-1,974	-1,810	-1,873
Comprehensive Income & Other	5,381	5,460	3,873	3,026	3,618	3,600
Shareholders' Equity	60,447	55,671	51,298	45,212	43,493	40,972
Total Liabilities & Equity	159,496	121,452	113,415	94,275	85,325	82,957
Net Cash (Debt)	19,515	41,005	29,680	27,874	23,358	21,772
Net Cash Growth	-25.01%	38.16%	6.48%	19.33%	7.29%	51.09%
Net Cash Per Share	450.59	915.37	655.16	615.65	516.93	483.74
Filing Date Shares Outstanding	43.31	43.91	44.46	44.39	44.16	43.89
Total Common Shares Outstanding	43.31	43.89	44.61	44.38	44.02	43.84
Working Capital	43,391	38,416	34,726	33,901	30,556	28,680
Book Value Per Share	1395.69	1268.38	1149.93	1018.81	987.98	934.60
Tangible Book Value	57,171	51,760	44,694	43,416	41,335	38,601
Tangible Book Value Per Share	1320.05	1179.28	1001.89	978.34	938.96	880.51

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