Poplar Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	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	841	806	752	828	802
Cash & Short-Term Investments	841	806	752	828	802
Cash Growth	4.34%	7.18%	-9.18%	3.24%	-68.47%
Accounts Receivable	270	217	174	175	134
Other Receivables	198	184	200	-	117
Receivables	468	401	374	175	251
Inventory	241	271	259	286	353
Other Current Assets	254	263	311	431	397
Total Current Assets	1,804	1,741	1,696	1,720	1,803
Property, Plant & Equipment	1,709	1,559	1,534	1,571	1,551
Long-Term Investments	365	379	494	513	573
Other Intangible Assets	1	3	8	14	241
Long-Term Deferred Tax Assets	72	93	71	46	-
Other Long-Term Assets	-	2	2	2	2
Total Assets	3,953	3,780	3,809	3,872	4,179
Accounts Payable	690	479	510	548	530
Accrued Expenses	23	20	17	16	19
Short-Term Debt	-	-	-	700	300
Current Portion of Long-Term Debt	45	153	206	206	200
Current Portion of Leases	97	164	169	169	175
Current Income Taxes Payable	528	430	325	466	496
Other Current Liabilities	344	378	371	427	447
Total Current Liabilities	1,727	1,624	1,598	2,532	2,167
Long-Term Debt	158	41	195	401	549
Long-Term Leases	72	173	339	389	558
Pension & Post-Retirement Benefits	441	425	405	395	380
Long-Term Deferred Tax Liabilities	-	-	-	-	3
Other Long-Term Liabilities	676	736	796	849	951
Total Liabilities	3,074	2,999	3,333	4,566	4,608
Common Stock	30	30	30	2,908	2,908
Additional Paid-In Capital	320	-	-	683	683
Retained Earnings	850	761	414	-4,310	-4,061
Treasury Stock	-312	-	-	-	-
Comprehensive Income & Other	-9	-10	32	25	41
Shareholders' Equity	879	781	476	-694	-429
Total Liabilities & Equity	3,953	3,780	3,809	3,872	4,179
Total Debt	372	531	909	1,865	1,782
Net Cash (Debt)	469	275	-157	-1,037	-980
Net Cash Growth	70.55%	-	-	-	-
Net Cash Per Share	28.66	16.54	-10.23	-87.98	-83.14
Filing Date Shares Outstanding	11.79	11.79	11.79	11.79	11.79
Total Common Shares Outstanding	11.79	11.79	11.79	11.79	11.79
Working Capital	77	117	98	-812	-364
Book Value Per Share	74.57	66.26	40.38	-58.88	-36.40
Tangible Book Value	878	778	468	-708	-670
Tangible Book Value Per Share	74.49	66.01	39.70	-60.07	-56.84

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