Kowa Co.,Ltd. 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	1,502	1,687	1,021	1,239	1,375	1,833
Cash & Short-Term Investments	1,710	1,687	1,021	1,239	1,375	1,833
Cash Growth	5.88%	65.23%	-17.59%	-9.89%	-24.99%	-30.54%
Receivables	983	856	861	831	774	754
Inventory	1,150	1,200	1,310	1,195	915	604
Other Current Assets	110	106	102	109	107	78
Total Current Assets	3,953	3,849	3,294	3,374	3,171	3,269
Property, Plant & Equipment	895	812	1,265	1,468	1,583	1,538
Long-Term Investments	20	140	154	171	97	49
Goodwill	-	-	-	17	34	51
Other Intangible Assets	48	52	56	75	83	82
Long-Term Deferred Tax Assets	23	33	45	49	60	92
Other Long-Term Assets	2	2	2	2	-	3
Total Assets	4,941	4,888	4,816	5,156	5,028	5,084
Accounts Payable	877	891	708	878	712	486
Accrued Expenses	12	25	24	28	32	39
Short-Term Debt	-	330	500	-	-	-
Current Portion of Long-Term Debt	-	24	72	222	224	413
Current Portion of Leases	46	36	120	110	99	106
Current Income Taxes Payable	358	442	507	424	406	422
Other Current Liabilities	79	70	104	66	60	105
Total Current Liabilities	1,372	1,818	2,035	1,728	1,533	1,571
Long-Term Debt	-	-	24	569	792	1,828
Long-Term Leases	153	2	223	328	417	425
Pension & Post-Retirement Benefits	-	-	-	10	9	9
Long-Term Deferred Tax Liabilities	-	60	-	-	-	-
Other Long-Term Liabilities	94	4	57	41	29	25
Total Liabilities	1,619	1,884	2,339	2,676	2,780	3,858
Common Stock	63	61	55	51	870	573
Additional Paid-In Capital	1,631	1,629	1,622	1,618	797	499
Retained Earnings	2,310	2,035	1,466	803	485	154
Treasury Stock	-993	-993	-846	-112	-	-
Comprehensive Income & Other	214	187	113	65	46	-39
Total Common Equity	3,225	2,919	2,410	2,425	2,198	1,187
Minority Interest	97	85	67	55	50	39
Shareholders' Equity	3,322	3,004	2,477	2,480	2,248	1,226
Total Liabilities & Equity	4,941	4,888	4,816	5,156	5,028	5,084
Total Debt	199	392	939	1,229	1,532	2,772
Net Cash (Debt)	1,511	1,295	82	10	-157	-939
Net Cash Growth	46.13%	1479.27%	720.00%	-	-	-
Net Cash Per Share	362.66	301.39	17.66	2.01	-34.26	-213.33
Filing Date Shares Outstanding	4.16	4.15	4.28	4.8	4.98	4.35
Total Common Shares Outstanding	4.16	4.15	4.28	4.84	4.98	4.34
Working Capital	2,581	2,031	1,259	1,646	1,638	1,698
Book Value Per Share	776.08	703.57	563.58	501.32	441.12	273.30
Tangible Book Value	3,177	2,867	2,354	2,333	2,081	1,054
Tangible Book Value Per Share	764.53	691.04	550.48	482.31	417.64	242.68
Order Backlog	-	212.12	146.5	71.66	147.63	186.62

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