Financial PerformanceConsolidated Balance Sheet

Assets

(Millions of yen)
	2023/02	2024/02	2025/02
Current assets
Cash and deposits	4,256	5,636	5,508
Notes receivable - trade	1,235	194	113
Electronically recorded monetary claims	-	1,129	1,126
Accounts receivable - trade	6,360	6,618	6,892
Merchandise and finished goods	3,276	3,693	4,044
Raw materials and supplies	3,030	2,994	3,082
Other	675	750	511
Allowance for doubtful accounts	△22	△25	△16
Total current assets	18,810	20,989	21,260
Non-current assets
Property, plant and equipment
Buildings and structures	7,402	9,077	9,690
Accumulated depreciation	△3,516	△4,072	△4,507
Buildings and structures, net	3,886	5,005	5,183
Machinery, equipment and vehicles	10,793	11,881	12,264
Accumulated depreciation	△8,978	△9,568	△10,124
Machinery, equipment and vehicles, net	1,815	2,313	2,141
Land	1,963	2,255	2,528
Leased assets	230	262	289
Accumulated depreciation	△148	△170	△189
Leased assets, net	82	92	100
Construction in progress	491	33	27
Other	3,143	3,356	3,505
Accumulated depreciation	△2,770	△2,914	△3,069
Other, net	373	442	436
Total property, plant and equipment	8,610	10,140	10,414
Intangible assets
Goodwill	92	543	543
Leased assets	45	35	26
Other	452	650	802
Total intangible assets	589	1,228	1,372
Investments and other assets
Investment securities	520	611	654
Investments in capital	2,078	1,940	2,280
Deferred tax assets	75	218	229
Net defined benefit asset	1,160	1,700	1,852
Other	168	228	238
Allowance for doubtful accounts	△0	△1	△1
Total investments and other assets	4,002	4,695	5,251
Total non-current assets	13,202	16,063	17,037
Deferred assets
Business commencement expenses	6	-	-
Total deferred assets	6	-	-
Total assets	32,017	37,053	38,297

Liabilities

(million yen)
	2023/02	2024/02	2025/02
Current liabilities
Notes and accounts payable - trade	5,144	4,469	4,544
Electronically recorded monetary claims	-	439	456
Contract liability	94	77	48
Short-term borrowings	2,381	3,040	3,177
Income taxes payable	183	268	233
Provision for bonuses	464	500	537
Other	1,334	1,066	1,367
Total current liabilities	9,599	9,860	10,362
Non-current liabilities
Long-term borrowings	472	3,065	1,940
Net defined benefit liability	498	543	548
Other	208	463	438
Total non-current liabilities	1,179	4,071	2,926
Total liabilities	10,778	13,931	13,288

Net Assets

(million yen)
	2023/02	2024/02	2025/02
Shareholders' equity
Capital stock	2,118	2,118	2,118
Capital surplus	1,976	1,971	1,972
Retained earnings	13,760	14,674	15,273
Treasury shares	△567	△561	△649
Total shareholders' equity	17,287	18,202	18,714
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	74	127	145
Foreign currency translation adjustment	879	1,200	2,210
Remeasurements of defined benefit plans	293	597	616
Total accumulated other comprehensive income	1,246	1,924	2,972
Non-controlling interests	2,706	2,996	3,324
Total net assets	21,240	23,122	25,009
Total liabilities and net assets	32,017	37,053	38,297

Invester Relations

Financial PerformanceConsolidated Balance Sheet

Assets

Liabilities

Net Assets