Balance Sheets-1

(Millions of yen)

	As of May 31, 2023	As of May 31, 2024
ASSETS
Current assets
Cash and deposits	123,067	192,281
Notes receivable-trade	73	182
Accounts receivable-trade	40,973	33,594
Contract assets	11,577	9,678
Inventories	3,365	1,781
Income taxes refund receivable	2,693	1,231
Other	12,643	4,951
Allowance for doubtful accounts	(121)	(63)
Total current assets	194,275	243,637
Non-current assets
Property, plant, and equipment
Buildings	23,179	16,767
Accumulated depreciation	(7,798)	(7,924)
Buildings, net	15,381	8,843
Structures	4,894	2,214
Accumulated depreciation	(1,083)	(1,221)
Structures, net	3,810	993
Land	8,063	8,021
Lease assets	2,306	1,521
Accumulated depreciation	(1,171)	(634)
Lease assets, net	1,134	886
Construction in progress	3,353	15,331
Other	8,109	7,157
Accumulated depreciation	(6,127)	(5,766)
Other, net	1,981	1,391
Total property, plant, and equipment	33,725	35,467
Intangible assets
Goodwill	7,353	842
Software	10,027	3,121
Leased assets	7	18
Customer assets	9,067	921
Other	126	107
Total intangible assets	26,582	5,011
Investments and other assets
Investment securities	6,586	3,288
Long-term loans receivable	34	33
Retirement benefit asset	2,245	3,165
Deferred tax assets	2,909	1,640
Lease and guarantee deposits	7,773	7,328
Other	1,248	1,417
Allowance for doubtful accounts	(7)	(10)
Total investments and other assets	20,791	16,862
Total non-current assets	81,099	57,341
Deferred assets
Bond issuance cost	130	111
Total deferred assets	130	111
Total assets	275,504	301,090