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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	12,603	16,825	16,170	14,322	15,066	14,103
Short-Term Investments	1	5,782	5,440	5,563	5,306	5,901
Cash & Short-Term Investments	12,604	22,607	21,610	19,885	20,372	20,004
Cash Growth	-26.49%	4.61%	8.67%	-2.39%	1.84%	11.41%
Accounts Receivable	44,732	55,222	53,171	50,517	48,701	48,799
Other Receivables	12,640	11,633	11,054	10,405	9,729	9,865
Receivables	57,372	66,855	64,225	60,922	58,430	58,664
Inventory	10,535	14,555	13,604	13,124	11,751	11,237
Other Current Assets	8,133	897	721	772	625	672
Total Current Assets	88,644	104,914	100,160	94,703	91,178	90,577
Property, Plant & Equipment	9,221	9,001	8,508	8,437	8,255	8,452
Long-Term Investments	13,733	13,460	12,911	13,382	10,936	11,117
Other Intangible Assets	658	754	942	1,155	1,223	1,319
Other Long-Term Assets	-	1	2	2	2	3
Total Assets	112,256	128,130	122,523	117,679	111,594	111,468
Accounts Payable	65,642	82,361	79,108	76,107	72,878	73,394
Accrued Expenses	149	328	338	357	328	295
Current Income Taxes Payable	6,228	6,170	6,003	5,652	5,228	5,283
Other Current Liabilities	1,166	831	835	721	891	737
Total Current Liabilities	73,185	89,690	86,284	82,837	79,325	79,709
Pension & Post-Retirement Benefits	4	4	5	6	9	10
Long-Term Deferred Tax Liabilities	2,081	1,935	1,753	1,630	1,224	1,310
Other Long-Term Liabilities	1,708	1,735	1,782	1,798	1,704	1,895
Total Liabilities	76,978	93,364	89,824	86,271	82,262	82,924
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	24,330	23,914	21,956	20,133	18,477	17,489
Treasury Stock	-1,191	-1,191	-1,191	-390	-	-
Comprehensive Income & Other	4,486	4,390	4,281	4,012	3,202	3,402
Shareholders' Equity	35,278	34,766	32,699	31,408	29,332	28,544
Total Liabilities & Equity	112,256	128,130	122,523	117,679	111,594	111,468
Net Cash (Debt)	12,604	22,607	21,610	19,885	20,372	20,004
Net Cash Growth	-26.49%	4.61%	8.67%	-2.39%	1.84%	11.41%
Net Cash Per Share	1541.15	2764.37	2531.63	2314.36	2320.01	2278.10
Filing Date Shares Outstanding	8.18	8.18	8.18	8.56	8.56	8.78
Total Common Shares Outstanding	8.18	8.18	8.18	8.56	8.78	8.78
Working Capital	15,459	15,224	13,876	11,866	11,853	10,868
Book Value Per Share	4313.47	4250.86	3998.11	3670.40	3340.11	3250.38
Tangible Book Value	34,620	34,012	31,757	30,253	28,109	27,225
Tangible Book Value Per Share	4233.01	4158.67	3882.93	3535.42	3200.84	3100.18