The Kosei Securities 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	4,108	4,211	6,553	6,188	6,013	7,024
Short-Term Investments	5,093	4,096	4,486	4,325	3,484	4,395
Trading Asset Securities	1,446	1,247	2,708	2,330	1,436	1,204
Accounts Receivable	2,386	3,182	1,365	578	1,665	1,376
Other Receivables	26	38	25	33	38	20
Property, Plant & Equipment	3,891	3,927	3,983	3,978	4,023	4,074
Other Intangible Assets	4	4	5	7	2	14
Investments in Debt & Equity Securities	5,260	5,011	5,436	3,342	3,419	4,052
Other Current Assets	122	63	46	262	328	348
Other Long-Term Assets	3	4	3	8	7	8
Total Assets	22,339	21,783	24,610	21,051	20,415	22,515
Accounts Payable	37	354	268	359	515	616
Accrued Expenses	45	51	53	957	47	179
Other Current Liabilities	5,225	4,775	6,182	3,864	3,333	4,274
Long-Term Deferred Tax Liabilities	440	323	582	22	94	266
Other Long-Term Liabilities	12	11	10	10	11	10
Total Liabilities	6,313	6,061	7,674	5,713	4,492	5,842
Common Stock	12,000	12,000	12,000	12,000	12,000	12,000
Additional Paid-In Capital	2,984	3,282	3,282	3,727	3,947	3,947
Retained Earnings	127	-250	377	-397	-172	162
Comprehensive Income & Other	956	731	1,318	48	188	604
Shareholders' Equity	16,026	15,722	16,936	15,338	15,923	16,673
Total Liabilities & Equity	22,339	21,783	24,610	21,051	20,415	22,515
Net Cash (Debt)	10,647	9,554	13,747	12,843	10,933	12,623
Net Cash Growth	-11.81%	-30.50%	7.04%	17.47%	-13.39%	-2.03%
Net Cash Per Share	1126.69	1011.01	1454.71	1358.90	1156.81	1335.20
Filing Date Shares Outstanding	9.45	9.45	9.45	9.45	9.45	9.45
Total Common Shares Outstanding	9.45	9.45	9.45	9.45	9.45	9.45
Working Capital	7,834	7,607	8,565	8,489	9,018	9,230
Book Value Per Share	1695.62	1663.76	1792.17	1622.90	1684.80	1763.59
Tangible Book Value	16,022	15,718	16,931	15,331	15,921	16,659
Tangible Book Value Per Share	1695.19	1663.33	1791.64	1622.16	1684.58	1762.11

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.