Yellow Hat 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	31,147	31,251	4,853	8,266	10,917	14,053
Cash & Short-Term Investments	31,147	31,251	4,853	8,266	10,917	14,053
Cash Growth	63.42%	543.95%	-41.29%	-24.28%	-22.32%	71.40%
Accounts Receivable	11,868	9,071	8,846	10,219	9,803	8,628
Other Receivables	-	3,664	3,696	4,011	4,970	3,973
Receivables	11,868	12,735	12,542	14,230	14,773	12,601
Inventory	34,007	29,303	26,656	25,451	23,043	21,757
Other Current Assets	8,395	3,500	3,658	3,832	3,925	3,044
Total Current Assets	85,417	76,789	47,709	51,779	52,658	51,455
Property, Plant & Equipment	85,720	81,545	72,742	64,575	54,042	48,424
Long-Term Investments	15,148	20,354	18,518	15,131	15,025	15,120
Goodwill	2,315	2,426	71	18	6	8
Other Intangible Assets	1,805	1,537	1,680	1,483	1,168	807
Long-Term Deferred Tax Assets	-	2,521	2,916	3,071	3,158	2,810
Other Long-Term Assets	11,778	1	2	1	1	3
Total Assets	202,183	185,535	144,030	136,442	126,418	118,980
Accounts Payable	10,725	9,199	8,501	11,226	10,231	8,707
Accrued Expenses	806	1,484	1,367	1,348	1,317	1,237
Short-Term Debt	30,000	35,000	-	-	-	-
Current Portion of Leases	-	18	20	27	37	61
Current Income Taxes Payable	2,384	7,174	6,683	6,613	5,650	6,464
Other Current Liabilities	8,453	5,952	5,193	5,407	5,805	5,414
Total Current Liabilities	53,685	58,827	21,764	24,621	23,040	21,883
Long-Term Leases	28	44	69	96	131	167
Pension & Post-Retirement Benefits	121	115	96	93	63	96
Other Long-Term Liabilities	6,812	5,956	5,581	4,922	4,887	5,449
Total Liabilities	78,646	64,942	27,510	29,732	28,121	27,595
Common Stock	15,072	15,072	15,072	15,072	15,072	15,072
Additional Paid-In Capital	9,099	9,085	10,509	10,471	10,442	10,417
Retained Earnings	98,255	97,870	90,767	83,466	75,572	68,865
Treasury Stock	-4,429	-4,697	-2,190	-2,210	-2,223	-2,235
Comprehensive Income & Other	5,539	3,262	2,362	-96	-571	-739
Total Common Equity	123,536	120,592	116,520	106,703	98,292	91,380
Minority Interest	1	1	-	7	5	5
Shareholders' Equity	123,537	120,593	116,520	106,710	98,297	91,385
Total Liabilities & Equity	202,183	185,535	144,030	136,442	126,418	118,980
Total Debt	48,028	35,062	89	123	168	228
Net Cash (Debt)	-16,881	-3,811	4,764	8,143	10,749	13,825
Net Cash Growth	-	-	-41.50%	-24.24%	-22.25%	75.67%
Net Cash Per Share	-196.56	-41.66	51.36	87.82	115.98	149.23
Filing Date Shares Outstanding	85.88	88.66	92.46	92.38	92.32	92.27
Total Common Shares Outstanding	85.88	88.66	92.46	92.38	92.32	92.27
Working Capital	31,732	17,962	25,945	27,158	29,618	29,572
Book Value Per Share	1438.43	1360.22	1260.21	1155.09	1064.70	990.32
Tangible Book Value	119,416	116,629	114,769	105,202	97,118	90,565
Tangible Book Value Per Share	1390.46	1315.52	1241.27	1138.85	1051.99	981.49

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