Gakkyusha 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	3,566	2,642	2,244	1,922	1,981	1,975
Cash & Short-Term Investments	4,124	2,642	2,244	1,922	1,981	1,975
Cash Growth	1.96%	17.74%	16.75%	-2.98%	0.30%	79.22%
Accounts Receivable	47.04	71	64	57	69	90
Receivables	47.04	71	64	57	69	90
Inventory	44.88	58	73	74	63	75
Other Current Assets	247.92	746	258	257	229	244
Total Current Assets	4,464	3,517	2,639	2,310	2,342	2,384
Property, Plant & Equipment	6,264	6,509	6,001	6,120	5,330	5,108
Long-Term Investments	-	1,834	2,063	2,018	1,979	1,948
Goodwill	12.27	19	30	41	66	96
Other Intangible Assets	65.42	69	58	60	48	27
Long-Term Deferred Tax Assets	-	206	116	129	125	132
Other Long-Term Assets	2,041	2	2	-	-	-
Total Assets	12,847	12,156	10,909	10,678	9,890	9,700
Accounts Payable	18.67	19	26	22	25	19
Accrued Expenses	31.04	68	61	44	37	40
Short-Term Debt	-	-	-	-	500	-
Current Portion of Long-Term Debt	148.66	148	148	213	260	340
Current Portion of Leases	-	128	145	142	-	-
Current Income Taxes Payable	402.1	927	927	1,021	886	806
Other Current Liabilities	2,543	1,554	1,566	1,602	1,440	1,564
Total Current Liabilities	3,144	2,844	2,873	3,044	3,148	2,769
Long-Term Debt	1,050	1,161	1,310	1,459	1,672	2,607
Long-Term Leases	-	214	147	257	-	-
Pension & Post-Retirement Benefits	43.21	55	70	106	113	150
Other Long-Term Liabilities	672.55	544	20	18	22	20
Total Liabilities	4,910	4,818	4,420	4,884	4,955	5,546
Common Stock	1,216	1,216	1,216	1,216	1,216	1,216
Additional Paid-In Capital	410.84	410	410	410	410	410
Retained Earnings	6,531	5,952	5,035	4,157	3,311	2,833
Treasury Stock	-226.03	-226	-225	-	-	-264
Comprehensive Income & Other	1.85	-16	51	9	-2	-41
Total Common Equity	7,934	7,336	6,487	5,792	4,935	4,154
Minority Interest	2.57	2	2	2	-	-
Shareholders' Equity	7,937	7,338	6,489	5,794	4,935	4,154
Total Liabilities & Equity	12,847	12,156	10,909	10,678	9,890	9,700
Total Debt	1,199	1,651	1,750	2,071	2,432	2,947
Net Cash (Debt)	2,925	991	494	-149	-451	-972
Net Cash Growth	8.45%	100.61%	-	-	-	-
Net Cash Per Share	269.12	91.18	45.40	-13.58	-41.12	-88.17
Filing Date Shares Outstanding	10.87	10.87	10.87	10.87	10.97	10.97
Total Common Shares Outstanding	10.87	10.87	10.87	10.97	10.97	10.97
Working Capital	1,320	673	-234	-734	-806	-385
Book Value Per Share	730.06	675.00	596.87	528.06	449.93	378.73
Tangible Book Value	7,857	7,248	6,399	5,691	4,821	4,031
Tangible Book Value Per Share	722.91	666.90	588.78	518.86	439.54	367.51

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