TOP CULTURE Balance Sheet

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Cash & Equivalents	560	1,204	988	1,570	1,583	1,324
Cash & Short-Term Investments	560	1,204	988	1,570	1,583	1,324
Cash Growth	-38.53%	21.86%	-37.07%	-0.82%	19.56%	-40.41%
Accounts Receivable	598	478	404	351	425	329
Other Receivables	487	132	190	162	217	94
Receivables	1,085	610	594	513	642	423
Inventory	8,063	6,248	6,920	7,268	7,311	7,596
Prepaid Expenses	231	211	233	255	263	265
Other Current Assets	29	10	13	110	73	125
Total Current Assets	9,968	8,283	8,748	9,716	9,872	9,733
Property, Plant & Equipment	5,490	4,405	4,576	4,795	5,363	5,614
Long-Term Investments	2,131	1,988	2,320	2,567	2,898	2,931
Goodwill	86	97	118	139	-	-
Other Intangible Assets	55	18	16	18	43	45
Other Long-Term Assets	2	1	2	1	2	2
Total Assets	17,732	14,792	15,780	17,236	18,178	18,325
Accounts Payable	5,471	3,422	3,230	2,688	2,661	2,583
Accrued Expenses	20	20	28	30	36	42
Short-Term Debt	4,700	4,800	4,500	4,500	4,400	3,200
Current Portion of Long-Term Debt	559	534	587	644	701	1,156
Current Portion of Leases	344	348	355	335	354	420
Current Income Taxes Payable	587	495	342	329	460	519
Other Current Liabilities	477	382	292	580	224	239
Total Current Liabilities	12,158	10,001	9,334	9,106	8,836	8,159
Long-Term Debt	770	1,075	1,607	2,195	2,367	2,500
Long-Term Leases	2,211	2,382	2,708	2,920	3,069	3,007
Pension & Post-Retirement Benefits	87	90	91	95	103	111
Other Long-Term Liabilities	588	473	425	410	402	740
Total Liabilities	16,203	14,021	14,165	14,726	14,777	14,517
Common Stock	100	100	100	2,342	2,007	2,007
Additional Paid-In Capital	3,926	3,989	4,115	2,045	1,909	4,403
Retained Earnings	-2,280	-3,092	-2,361	-1,643	-267	-2,367
Treasury Stock	-270	-270	-270	-270	-270	-270
Comprehensive Income & Other	8	9	8	6	-7	7
Total Common Equity	1,484	736	1,592	2,480	3,372	3,780
Minority Interest	45	35	23	30	29	28
Shareholders' Equity	1,529	771	1,615	2,510	3,401	3,808
Total Liabilities & Equity	17,732	14,792	15,780	17,236	18,178	18,325
Total Debt	8,584	9,139	9,757	10,594	10,891	10,283
Net Cash (Debt)	-8,024	-7,935	-8,769	-9,024	-9,308	-8,959
Net Cash Per Share	-391.70	-508.30	-561.72	-727.55	-770.24	-741.36
Filing Date Shares Outstanding	15.61	15.61	15.61	15.61	12.08	12.08
Total Common Shares Outstanding	15.61	15.61	15.61	15.61	12.08	12.08
Working Capital	-2,190	-1,718	-586	610	1,036	1,574
Book Value Per Share	95.06	47.15	101.98	158.86	279.03	312.80
Tangible Book Value	1,343	621	1,458	2,323	3,329	3,735
Tangible Book Value Per Share	86.03	39.78	93.40	148.81	275.48	309.07