Poplar Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	1,098	806	752	828	802	2,544
Cash & Short-Term Investments	1,098	806	752	828	802	2,544
Cash Growth	-17.44%	7.18%	-9.18%	3.24%	-68.47%	-36.69%
Accounts Receivable	154	217	174	175	134	387
Other Receivables	-	184	200	-	117	-
Receivables	154	401	374	175	251	387
Inventory	252	271	259	286	353	291
Other Current Assets	602	263	311	431	397	681
Total Current Assets	2,106	1,741	1,696	1,720	1,803	3,903
Property, Plant & Equipment	1,738	1,559	1,534	1,571	1,551	1,834
Long-Term Investments	450	379	494	513	573	1,705
Other Intangible Assets	1	3	8	14	241	259
Long-Term Deferred Tax Assets	-	93	71	46	-	-
Other Long-Term Assets	1	2	2	2	2	2
Total Assets	4,296	3,780	3,809	3,872	4,179	7,721
Accounts Payable	826	479	510	548	530	1,721
Accrued Expenses	3	20	17	16	19	13
Short-Term Debt	-	-	-	700	300	50
Current Portion of Long-Term Debt	64	153	206	206	200	217
Current Portion of Leases	-	164	169	169	175	182
Current Income Taxes Payable	548	430	325	466	496	903
Other Current Liabilities	565	378	371	427	447	836
Total Current Liabilities	2,006	1,624	1,598	2,532	2,167	3,922
Long-Term Debt	166	41	195	401	549	749
Long-Term Leases	85	173	339	389	558	758
Pension & Post-Retirement Benefits	424	425	405	395	380	511
Long-Term Deferred Tax Liabilities	-	-	-	-	3	82
Other Long-Term Liabilities	690	736	796	849	951	1,415
Total Liabilities	3,371	2,999	3,333	4,566	4,608	7,437
Common Stock	30	30	30	2,908	2,908	2,908
Additional Paid-In Capital	320	-	-	683	683	683
Retained Earnings	889	761	414	-4,310	-4,061	-3,543
Comprehensive Income & Other	-2	-10	32	25	41	236
Shareholders' Equity	925	781	476	-694	-429	284
Total Liabilities & Equity	4,296	3,780	3,809	3,872	4,179	7,721
Total Debt	315	531	909	1,865	1,782	1,956
Net Cash (Debt)	783	275	-157	-1,037	-980	588
Net Cash Growth	-7.99%	-	-	-	-	-79.64%
Net Cash Per Share	47.28	16.54	-10.23	-87.98	-83.14	49.88
Filing Date Shares Outstanding	11.79	11.79	11.79	11.79	11.79	11.79
Total Common Shares Outstanding	11.79	11.79	11.79	11.79	11.79	11.79
Working Capital	100	117	98	-812	-364	-19
Book Value Per Share	78.48	66.26	40.38	-58.88	-36.40	24.09
Tangible Book Value	924	778	468	-708	-670	25
Tangible Book Value Per Share	78.39	66.01	39.70	-60.07	-56.84	2.12

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