Greenland Resort Company 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	414	506	400	365	697	691
Cash & Short-Term Investments	414	506	400	365	697	691
Cash Growth	66.27%	26.50%	9.59%	-47.63%	0.87%	45.17%
Receivables	433	309	288	264	307	271
Inventory	102	116	107	94	93	92
Other Current Assets	114	93	53	93	50	63
Total Current Assets	1,063	1,024	848	816	1,147	1,117
Property, Plant & Equipment	17,959	17,904	17,186	17,020	17,147	17,341
Long-Term Investments	893	837	607	637	530	527
Other Intangible Assets	200	201	200	206	203	202
Long-Term Deferred Tax Assets	231	136	167	159	218	276
Other Long-Term Assets	2	2	2	2	2	2
Total Assets	20,348	20,104	19,010	18,840	19,247	19,465
Accounts Payable	413	248	246	235	248	287
Short-Term Debt	4,143	4,316	3,490	3,287	4,664	4,669
Current Income Taxes Payable	402	395	501	624	606	398
Other Current Liabilities	170	193	192	190	298	120
Total Current Liabilities	5,165	5,152	4,429	4,336	5,816	5,474
Long-Term Debt	2,356	2,151	2,053	2,256	1,537	2,359
Pension & Post-Retirement Benefits	9	8	8	10	11	12
Other Long-Term Liabilities	2,235	2,251	2,344	2,433	2,475	2,565
Total Liabilities	9,765	9,562	8,834	9,035	9,839	10,410
Common Stock	4,180	4,180	4,180	4,180	4,180	4,180
Additional Paid-In Capital	4,767	4,767	4,767	4,767	4,767	4,767
Retained Earnings	1,468	1,467	1,146	756	437	80
Treasury Stock	-3	-3	-3	-3	-3	-3
Comprehensive Income & Other	171	131	86	105	27	31
Shareholders' Equity	10,583	10,542	10,176	9,805	9,408	9,055
Total Liabilities & Equity	20,348	20,104	19,010	18,840	19,247	19,465
Total Debt	6,499	6,467	5,543	5,543	6,201	7,028
Net Cash (Debt)	-6,085	-5,961	-5,143	-5,178	-5,504	-6,337
Net Cash Per Share	-588.66	-576.67	-497.53	-500.92	-532.46	-613.04
Filing Date Shares Outstanding	10.34	10.34	10.34	10.34	10.34	10.34
Total Common Shares Outstanding	10.34	10.34	10.34	10.34	10.34	10.34
Working Capital	-4,102	-4,128	-3,581	-3,520	-4,669	-4,357
Book Value Per Share	1023.76	1019.79	984.39	948.50	910.09	875.94
Tangible Book Value	10,383	10,341	9,976	9,599	9,205	8,853
Tangible Book Value Per Share	1004.41	1000.35	965.05	928.57	890.45	856.40