Golf Do 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	749	891	671	655	724	895
Cash & Short-Term Investments	749	891	671	655	724	895
Cash Growth	-11.57%	32.79%	2.44%	-9.53%	-19.11%	148.61%
Accounts Receivable	305	346	302	261	420	376
Other Receivables	-	-	16	-	32	-
Receivables	305	346	321	266	461	385
Inventory	1,686	1,654	1,519	1,524	1,350	1,016
Other Current Assets	54	83	56	56	67	60
Total Current Assets	2,794	2,974	2,567	2,501	2,602	2,356
Property, Plant & Equipment	341	286	302	291	216	255
Long-Term Investments	204	197	206	228	235	-7
Goodwill	-	3	8	15	22	29
Other Intangible Assets	293	313	208	166	187	97
Long-Term Deferred Tax Assets	19	27	46	55	40	37
Long-Term Deferred Charges	-	-	-	-	-	1
Other Long-Term Assets	2	1	2	2	3	2
Total Assets	3,689	3,837	3,373	3,291	3,362	3,088
Accounts Payable	323	429	438	417	519	387
Accrued Expenses	30	28	20	29	39	49
Short-Term Debt	950	900	670	600	800	805
Current Portion of Long-Term Debt	266	266	211	216	199	199
Current Income Taxes Payable	36	36	1	69	-	96
Other Current Liabilities	330	333	329	248	215	238
Total Current Liabilities	1,935	1,992	1,669	1,579	1,772	1,774
Long-Term Debt	575	708	606	562	529	528
Pension & Post-Retirement Benefits	166	181	166	163	145	143
Other Long-Term Liabilities	134	134	132	145	127	127
Total Liabilities	2,810	3,015	2,573	2,449	2,573	2,572
Common Stock	515	515	515	515	515	506
Additional Paid-In Capital	169	169	169	169	169	159
Retained Earnings	133	81	76	152	124	-103
Treasury Stock	-98	-98	-98	-98	-98	-98
Comprehensive Income & Other	160	155	138	104	79	52
Shareholders' Equity	879	822	800	842	789	516
Total Liabilities & Equity	3,689	3,837	3,373	3,291	3,362	3,088
Total Debt	1,791	1,874	1,487	1,378	1,528	1,532
Net Cash (Debt)	-1,042	-983	-816	-723	-804	-637
Net Cash Per Share	-197.87	-190.63	-162.78	-140.49	-157.19	-127.08
Filing Date Shares Outstanding	5.01	5.01	5.01	5.01	5.01	5.01
Total Common Shares Outstanding	5.01	5.01	5.01	5.01	5.01	4.88
Working Capital	859	982	898	922	830	582
Book Value Per Share	175.35	163.98	159.59	167.97	157.39	105.68
Tangible Book Value	586	506	584	661	580	390
Tangible Book Value Per Share	116.90	100.94	116.50	131.86	115.70	79.87

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