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	Sep '25 Sep 30, 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	3,137	2,642	2,244	1,922	1,981	1,975
Cash & Short-Term Investments	3,660	2,642	2,244	1,922	1,981	1,975
Cash Growth	-1.90%	17.74%	16.75%	-2.98%	0.30%	79.22%
Accounts Receivable	135	71	64	57	69	90
Receivables	135	71	64	57	69	90
Inventory	52	58	73	74	63	75
Other Current Assets	278	746	258	257	229	244
Total Current Assets	4,125	3,517	2,639	2,310	2,342	2,384
Property, Plant & Equipment	6,316	6,509	6,001	6,120	5,330	5,108
Long-Term Investments	2,016	1,834	2,063	2,018	1,979	1,948
Goodwill	14	19	30	41	66	96
Other Intangible Assets	59	69	58	60	48	27
Long-Term Deferred Tax Assets	-	206	116	129	125	132
Other Long-Term Assets	1	2	2	-	-	-
Total Assets	12,531	12,156	10,909	10,678	9,890	9,700
Accounts Payable	8	19	26	22	25	19
Accrued Expenses	80	68	61	44	37	40
Short-Term Debt	-	-	-	-	500	-
Current Portion of Long-Term Debt	148	148	148	213	260	340
Current Portion of Leases	-	128	145	142	-	-
Current Income Taxes Payable	917	927	927	1,021	886	806
Other Current Liabilities	1,799	1,554	1,566	1,602	1,440	1,564
Total Current Liabilities	2,952	2,844	2,873	3,044	3,148	2,769
Long-Term Debt	1,087	1,161	1,310	1,459	1,672	2,607
Long-Term Leases	-	214	147	257	-	-
Pension & Post-Retirement Benefits	43	55	70	106	113	150
Other Long-Term Liabilities	693	544	20	18	22	20
Total Liabilities	4,775	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	410	410	410	410	410
Retained Earnings	6,375	5,952	5,035	4,157	3,311	2,833
Treasury Stock	-226	-226	-225	-	-	-264
Comprehensive Income & Other	-21	-16	51	9	-2	-41
Total Common Equity	7,754	7,336	6,487	5,792	4,935	4,154
Minority Interest	2	2	2	2	-	-
Shareholders' Equity	7,756	7,338	6,489	5,794	4,935	4,154
Total Liabilities & Equity	12,531	12,156	10,909	10,678	9,890	9,700
Total Debt	1,235	1,651	1,750	2,071	2,432	2,947
Net Cash (Debt)	2,425	991	494	-149	-451	-972
Net Cash Growth	3.32%	100.61%	-	-	-	-
Net Cash Per Share	223.13	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	1,173	673	-234	-734	-806	-385
Book Value Per Share	713.46	675.00	596.87	528.06	449.93	378.73
Tangible Book Value	7,681	7,248	6,399	5,691	4,821	4,031
Tangible Book Value Per Share	706.74	666.90	588.78	518.86	439.54	367.51

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.