Central Forest Group Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	11,607	16,170	14,322	15,066	14,103	13,267
Short-Term Investments	7,915	5,440	5,563	5,306	5,901	4,688
Cash & Short-Term Investments	19,522	21,610	19,885	20,372	20,004	17,955
Cash Growth	-12.86%	8.67%	-2.39%	1.84%	11.41%	9.75%
Accounts Receivable	46,058	53,171	50,517	48,701	48,799	45,849
Other Receivables	12,357	11,054	10,405	9,729	9,865	9,532
Receivables	58,415	64,225	60,922	58,430	58,664	55,381
Inventory	10,072	13,604	13,124	11,751	11,237	10,103
Other Current Assets	895	721	772	625	672	560
Total Current Assets	88,904	100,160	94,703	91,178	90,577	83,999
Property, Plant & Equipment	8,834	8,508	8,437	8,255	8,452	8,605
Long-Term Investments	13,329	12,911	13,382	10,936	11,117	11,493
Other Intangible Assets	793	942	1,155	1,223	1,319	219
Other Long-Term Assets	1	2	2	2	3	1
Total Assets	111,861	122,523	117,679	111,594	111,468	104,317
Accounts Payable	67,322	79,108	76,107	72,878	73,394	67,560
Accrued Expenses	453	338	357	328	295	193
Current Income Taxes Payable	5,892	6,003	5,652	5,228	5,283	4,774
Other Current Liabilities	967	835	721	891	737	680
Total Current Liabilities	74,634	86,284	82,837	79,325	79,709	73,207
Pension & Post-Retirement Benefits	4	5	6	9	10	-
Long-Term Deferred Tax Liabilities	1,869	1,753	1,630	1,224	1,310	1,507
Other Long-Term Liabilities	1,568	1,782	1,798	1,704	1,895	1,464
Total Liabilities	78,075	89,824	86,271	82,262	82,924	76,178
Common Stock	1,600	1,600	1,600	1,600	1,600	1,600
Additional Paid-In Capital	6,053	6,053	6,053	6,053	6,053	6,053
Retained Earnings	22,966	21,956	20,133	18,477	17,489	16,700
Treasury Stock	-1,191	-1,191	-390	-	-	-
Comprehensive Income & Other	4,358	4,281	4,012	3,202	3,402	3,786
Shareholders' Equity	33,786	32,699	31,408	29,332	28,544	28,139
Total Liabilities & Equity	111,861	122,523	117,679	111,594	111,468	104,317
Net Cash (Debt)	19,522	21,610	19,885	20,372	20,004	17,955
Net Cash Growth	-12.86%	8.67%	-2.39%	1.84%	11.41%	9.75%
Net Cash Per Share	2363.17	2531.63	2314.36	2320.01	2278.10	2044.76
Filing Date Shares Outstanding	8.18	8.18	8.56	8.56	8.78	8.78
Total Common Shares Outstanding	8.18	8.18	8.56	8.78	8.78	8.78
Working Capital	14,270	13,876	11,866	11,853	10,868	10,792
Book Value Per Share	4131.04	3998.11	3670.40	3340.11	3250.38	3204.26
Tangible Book Value	32,993	31,757	30,253	28,109	27,225	27,920
Tangible Book Value Per Share	4034.08	3882.93	3535.42	3200.84	3100.18	3179.32

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