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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,654	1,658	1,888	2,194	1,132	1,087
Cash & Short-Term Investments	1,654	1,658	1,888	2,194	1,132	1,087
Cash Growth	4.55%	-12.18%	-13.95%	93.82%	4.14%	-5.89%
Accounts Receivable	1,037	1,057	1,041	1,085	920	822
Other Receivables	-	-	-	-	-	36
Receivables	1,037	1,057	1,041	1,085	920	858
Inventory	1,398	1,183	1,089	1,057	916	867
Other Current Assets	725	755	597	597	382	352
Total Current Assets	4,814	4,653	4,615	4,933	3,350	3,164
Property, Plant & Equipment	57	60	69	56	30	37
Long-Term Investments	48	48	160	49	47	75
Goodwill	357	369	416	332	40	-
Other Intangible Assets	214	219	233	14	9	7
Long-Term Deferred Tax Assets	24	32	2	14	99	5
Other Long-Term Assets	-	2	1	2	1	1
Total Assets	5,514	5,383	5,496	5,400	3,576	3,289
Accounts Payable	456	99	241	141	71	179
Accrued Expenses	39	15	13	12	11	9
Short-Term Debt	1,150	1,150	1,150	1,300	350	200
Current Portion of Long-Term Debt	197	217	217	220	208	140
Current Income Taxes Payable	39	95	80	93	75	-
Other Current Liabilities	359	445	318	352	248	263
Total Current Liabilities	2,240	2,021	2,019	2,118	963	791
Long-Term Debt	432	464	682	779	538	394
Long-Term Deferred Tax Liabilities	64	65	83	-	-	-
Other Long-Term Liabilities	15	15	15	20	87	65
Total Liabilities	2,751	2,565	2,799	2,917	1,588	1,250
Common Stock	273	273	273	273	273	273
Additional Paid-In Capital	285	285	300	317	321	325
Retained Earnings	2,344	2,386	2,244	2,031	1,761	1,767
Treasury Stock	-200	-200	-281	-322	-352	-373
Comprehensive Income & Other	61	74	161	111	-15	47
Total Common Equity	2,763	2,818	2,697	2,410	1,988	2,039
Minority Interest	-	-	-	73	-	-
Shareholders' Equity	2,763	2,818	2,697	2,483	1,988	2,039
Total Liabilities & Equity	5,514	5,383	5,496	5,400	3,576	3,289
Total Debt	1,779	1,831	2,049	2,299	1,096	734
Net Cash (Debt)	-125	-173	-161	-105	36	353
Net Cash Growth	-	-	-	-	-89.80%	-53.55%
Net Cash Per Share	-19.16	-26.65	-25.20	-16.52	5.70	56.00
Filing Date Shares Outstanding	6.53	6.53	6.4	6.34	6.3	6.27
Total Common Shares Outstanding	6.53	6.53	6.4	6.34	6.3	6.27
Working Capital	2,574	2,632	2,596	2,815	2,387	2,373
Book Value Per Share	423.14	431.32	421.22	379.96	315.46	325.30
Tangible Book Value	2,192	2,230	2,048	2,064	1,939	2,032
Tangible Book Value Per Share	335.69	341.32	319.86	325.41	307.68	324.19