Balance Sheets-1

(Millions of yen)

	As of May 31, 2024	As of May 31, 2025
Assets
Current assets
Cash and deposits	192,281	124,771
Notes receivable - trade	182	23
Accounts receivable - trade	33,594	33,406
Contract assets	9,678	7,842
Securities	-	14,500
Inventories	1,781	2,352
Income taxes refund receivable	1,231	120
Other	4,951	5,980
Allowance for doubtful accounts	(63)	(48)
Total current assets	243,637	188,948
Non-current assets
Property, plant and equipment
Buildings	16,767	19,642
Accumulated depreciation	(7,924)	(8,283)
Buildings, net	8,843	11,358
Structures	2,214	2,428
Accumulated depreciation	(1,221)	(1,299)
Structures, net	993	1,128
Land	8,021	9,255
Leased assets	1,521	1,540
Accumulated depreciation	(634)	(772)
Leased assets, net	886	768
Construction in progress	15,331	22,103
Other	7,157	8,505
Accumulated depreciation	(5,766)	(5,974)
Other, net	1,391	2,531
Total property, plant and equipment	35,467	47,145
Intangible assets
Goodwill	842	815
Software	3,121	5,826
Leased assets	18	12
Customer relation assets	921	854
Other	107	109
Total intangible assets	5,011	7,617
Investments and other assets
Investment securities	3,288	7,655
Long-term loans receivable	33	33
Retirement benefit asset	3,165	3,518
Deferred tax assets	1,640	1,891
Leasehold and guarantee deposits	7,328	6,864
Other	1,417	1,281
Allowance for doubtful accounts	(10)	(11)
Total investments and other assets	16,862	21,233
Total non-current assets	57,341	75,997
Deferred assets
Bond issuance costs	111	92
Total deferred assets	111	92
Total assets	301,090	265,038