Axial Retailing Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	29,204	21,887	21,021	19,541	18,452	17,025
Cash & Short-Term Investments	29,204	21,887	21,021	19,541	18,452	17,025
Cash Growth	20.59%	4.12%	7.57%	5.90%	8.38%	37.56%
Accounts Receivable	9,194	7,579	6,478	5,569	4,785	3,672
Other Receivables	50	-	80	356	458	442
Receivables	9,244	7,579	6,558	5,925	5,243	4,114
Inventory	7,571	6,084	5,712	5,801	5,287	5,377
Other Current Assets	4,278	4,055	3,965	3,537	3,441	3,462
Total Current Assets	50,297	39,605	37,256	34,804	32,423	29,978
Property, Plant & Equipment	75,629	76,732	75,226	70,624	67,453	66,334
Long-Term Investments	4,397	11,816	11,857	10,997	11,075	11,642
Goodwill	-	1	2	2	2	-
Other Intangible Assets	3,259	3,240	3,007	2,624	2,453	2,343
Long-Term Deferred Tax Assets	3,168	3,897	4,039	3,699	3,439	3,506
Other Long-Term Assets	7,715	2	2	1	1	1
Total Assets	144,469	135,296	131,390	122,756	116,855	113,819
Accounts Payable	25,812	18,630	18,895	16,046	15,576	15,596
Accrued Expenses	1,185	2,618	2,910	2,455	2,539	2,916
Current Portion of Leases	278	268	266	301	375	365
Current Income Taxes Payable	1,259	1,781	2,368	2,237	1,254	2,988
Other Current Liabilities	8,560	8,468	8,905	8,223	8,522	8,303
Total Current Liabilities	37,841	31,765	33,344	29,262	28,266	30,168
Long-Term Leases	1,852	2,038	2,287	2,547	2,839	2,899
Pension & Post-Retirement Benefits	1	1	1	2	38	77
Other Long-Term Liabilities	11,933	12,198	12,460	12,240	11,653	11,676
Total Liabilities	51,627	46,002	48,092	44,051	42,796	44,820
Common Stock	3,159	3,159	3,159	3,159	3,159	3,159
Additional Paid-In Capital	15,749	15,749	15,749	15,749	15,749	15,749
Retained Earnings	76,157	71,738	64,973	59,476	54,963	49,653
Treasury Stock	-4,727	-3,494	-2,727	-1,226	-1,226	-1,225
Comprehensive Income & Other	2,504	2,142	2,144	1,547	1,414	1,663
Shareholders' Equity	92,842	89,294	83,298	78,705	74,059	68,999
Total Liabilities & Equity	144,469	135,296	131,390	122,756	116,855	113,819
Total Debt	2,130	2,306	2,553	2,848	3,214	3,264
Net Cash (Debt)	27,074	19,581	18,468	16,693	15,238	13,761
Net Cash Growth	34.38%	6.03%	10.63%	9.55%	10.73%	52.61%
Net Cash Per Share	303.97	216.41	202.94	181.12	165.33	149.30
Filing Date Shares Outstanding	88.59	88.59	90.53	92.17	92.17	92.17
Total Common Shares Outstanding	88.59	89.75	90.53	92.17	92.17	92.17
Working Capital	12,456	7,840	3,912	5,542	4,157	-190
Book Value Per Share	1048.03	994.95	920.09	853.95	803.53	748.62
Tangible Book Value	89,583	86,053	80,289	76,079	71,604	66,656
Tangible Book Value Per Share	1011.24	958.84	886.85	825.46	776.89	723.20

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