Sincere Co., LTD. Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,882	1,888	2,194	1,132	1,087	1,155
Cash & Short-Term Investments	1,882	1,888	2,194	1,132	1,087	1,155
Cash Growth	-1.57%	-13.95%	93.82%	4.14%	-5.89%	10.21%
Accounts Receivable	1,044	1,041	1,085	920	822	622
Other Receivables	-	-	-	-	36	2
Receivables	1,044	1,041	1,085	920	858	624
Inventory	1,329	1,089	1,057	916	867	680
Other Current Assets	643	597	597	382	352	301
Total Current Assets	4,898	4,615	4,933	3,350	3,164	2,760
Property, Plant & Equipment	62	69	56	30	37	15
Long-Term Investments	68	160	49	47	75	52
Goodwill	381	416	332	40	-	-
Other Intangible Assets	225	233	14	9	7	7
Long-Term Deferred Tax Assets	28	2	14	99	5	61
Other Long-Term Assets	2	1	2	1	1	2
Total Assets	5,664	5,496	5,400	3,576	3,289	2,897
Accounts Payable	433	241	141	71	179	160
Accrued Expenses	33	13	12	11	9	9
Short-Term Debt	1,150	1,150	1,300	350	200	200
Current Portion of Long-Term Debt	217	217	220	208	140	60
Current Income Taxes Payable	61	80	93	75	-	82
Other Current Liabilities	385	318	352	248	263	233
Total Current Liabilities	2,279	2,019	2,118	963	791	744
Long-Term Debt	521	682	779	538	394	135
Long-Term Deferred Tax Liabilities	65	83	-	-	-	-
Other Long-Term Liabilities	16	15	20	87	65	50
Total Liabilities	2,881	2,799	2,917	1,588	1,250	929
Common Stock	273	273	273	273	273	273
Additional Paid-In Capital	285	300	317	321	325	325
Retained Earnings	2,369	2,244	2,031	1,761	1,767	1,765
Treasury Stock	-200	-281	-322	-352	-373	-373
Comprehensive Income & Other	56	161	111	-15	47	-22
Total Common Equity	2,783	2,697	2,410	1,988	2,039	1,968
Minority Interest	-	-	73	-	-	-
Shareholders' Equity	2,783	2,697	2,483	1,988	2,039	1,968
Total Liabilities & Equity	5,664	5,496	5,400	3,576	3,289	2,897
Total Debt	1,888	2,049	2,299	1,096	734	395
Net Cash (Debt)	-6	-161	-105	36	353	760
Net Cash Growth	-	-	-	-89.80%	-53.55%	28.16%
Net Cash Per Share	-0.93	-25.20	-16.52	5.70	56.00	121.23
Filing Date Shares Outstanding	6.53	6.4	6.34	6.3	6.27	6.27
Total Common Shares Outstanding	6.53	6.4	6.34	6.3	6.27	6.27
Working Capital	2,619	2,596	2,815	2,387	2,373	2,016
Book Value Per Share	425.96	421.22	379.96	315.46	325.30	313.97
Tangible Book Value	2,177	2,048	2,064	1,939	2,032	1,961
Tangible Book Value Per Share	333.21	319.86	325.41	307.68	324.19	312.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.