Forval Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	11,585	12,427	11,408	11,928	11,162	10,171
Cash & Short-Term Investments	11,585	12,427	11,408	11,928	11,162	10,171
Cash Growth	24.79%	8.93%	-4.36%	6.86%	9.74%	-8.06%
Accounts Receivable	8,849	11,276	12,192	10,833	9,390	7,914
Other Receivables	1,683	1,738	1,900	1,854	1,908	1,899
Receivables	10,532	13,014	14,092	12,687	11,298	9,813
Inventory	1,808	1,701	1,524	1,316	1,179	1,144
Prepaid Expenses	-	1,252	1,117	1,122	1,063	1,118
Other Current Assets	1,819	518	424	893	436	374
Total Current Assets	25,744	28,912	28,565	27,946	25,138	22,620
Property, Plant & Equipment	2,627	2,642	2,608	2,559	1,644	1,231
Long-Term Investments	4,641	4,837	5,128	4,267	4,032	3,555
Goodwill	2,432	2,553	2,618	2,706	1,734	1,977
Other Intangible Assets	1,464	1,450	1,488	1,430	1,310	1,034
Long-Term Deferred Tax Assets	1,250	1,436	1,721	1,819	1,999	2,080
Other Long-Term Assets	1	1	2	3	1	1
Total Assets	38,159	41,831	42,130	40,730	35,858	32,498
Accounts Payable	5,837	7,247	7,817	7,105	7,303	5,755
Accrued Expenses	492	2,529	2,590	2,339	2,010	1,848
Short-Term Debt	1,200	1,205	1,325	1,536	1,925	2,238
Current Portion of Leases	360	367	318	324	259	173
Current Income Taxes Payable	2,724	3,471	3,941	3,560	3,699	3,484
Other Current Liabilities	3,405	2,194	2,335	2,349	1,730	1,558
Total Current Liabilities	14,018	17,013	18,326	17,213	16,926	15,056
Long-Term Debt	559	602	935	2,552	262	200
Long-Term Leases	165	178	147	126	48	14
Pension & Post-Retirement Benefits	2,483	2,454	2,844	2,921	2,861	2,746
Long-Term Deferred Tax Liabilities	19	17	21	19	5	11
Other Long-Term Liabilities	120	175	154	151	121	100
Total Liabilities	17,364	20,439	22,427	22,982	20,223	18,127
Common Stock	4,150	4,150	4,150	4,150	4,150	4,150
Additional Paid-In Capital	3,317	3,317	3,255	3,119	2,653	2,525
Retained Earnings	11,174	11,864	11,160	9,724	8,407	7,394
Treasury Stock	-1,065	-1,065	-1,112	-906	-1,194	-1,238
Comprehensive Income & Other	813	647	89	407	634	618
Total Common Equity	18,389	18,913	17,542	16,494	14,650	13,449
Minority Interest	2,406	2,479	2,161	1,254	985	922
Shareholders' Equity	20,795	21,392	19,703	17,748	15,635	14,371
Total Liabilities & Equity	38,159	41,831	42,130	40,730	35,858	32,498
Total Debt	2,284	2,352	2,725	4,538	2,494	2,625
Net Cash (Debt)	9,301	10,075	8,683	7,390	8,668	7,546
Net Cash Growth	27.38%	16.03%	17.50%	-14.74%	14.87%	7.63%
Net Cash Per Share	356.25	386.15	332.60	287.36	337.60	294.61
Filing Date Shares Outstanding	26.11	26.11	26.04	26.2	25.71	25.64
Total Common Shares Outstanding	26.11	26.11	26.04	26.2	25.71	25.64
Working Capital	11,726	11,899	10,239	10,733	8,212	7,564
Book Value Per Share	704.20	724.26	673.54	629.59	569.81	524.63
Tangible Book Value	14,493	14,910	13,436	12,358	11,606	10,438
Tangible Book Value Per Share	555.00	570.97	515.88	471.71	451.42	407.18