Balance Sheets-1

(Millions of yen)

	As of May 31, 2025	As of May 31, 2026
Assets
Current assets
Cash and deposits	124,771	76,779
Notes receivable - trade	23	1
Accounts receivable - trade	33,406	33,073
Contract assets	7,842	4,397
Securities	14,500	16,000
Inventories	2,352	2,360
Income taxes refund receivable	120	84
Other	5,980	6,595
Allowance for doubtful accounts	(48)	(43)
Total current assets	188,948	139,248
Non-current assets
Property, plant and equipment
Buildings	19,642	21,138
Accumulated depreciation	(8,283)	(8,940)
Buildings, net	11,358	12,198
Structures	2,428	2,738
Accumulated depreciation	(1,299)	(1,409)
Structures, net	1,128	1,328
Land	9,255	9,375
Leased assets	1,540	1,522
Accumulated depreciation	(772)	(897)
Leased assets, net	768	625
Construction in progress	22,103	37,217
Other	8,505	8,134
Accumulated depreciation	(5,974)	(6,392)
Other, net	2,531	1,742
Total property, plant and equipment	47,145	62,487
Intangible assets
Goodwill	815	1,292
Software	5,826	8,973
Leased assets	12	8
Customer relation assets	854	787
Other	109	107
Total intangible assets	7,617	11,169
Investments and other assets
Investment securities	7,655	8,127
Long-term loans receivable	33	33
Retirement benefit asset	3,518	4,551
Deferred tax assets	1,891	1,895
Leasehold and guarantee deposits	6,864	6,584
Other	1,281	1,326
Allowance for doubtful accounts	(11)	(15)
Total investments and other assets	21,233	22,503
Total non-current assets	75,997	96,160
Deferred assets
Bond issuance costs	92	73
Total deferred assets	92	73
Total assets	265,038	235,482

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