TryHard Holdings Limited (THH) Balance Sheet
THH balance sheet, FY2025
June 30, 2025 · Japanese yen¥3.67B assets = ¥2.89B liabilities + ¥780.2M equity
Both columns are drawn to the same scale: what THH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
THH financial health
Descriptive bands, not a rating. Fiscal FY2025.
THH balance sheet trends, FY2023–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | ¥3.26BFY2023 | ¥3.67BFY2025 | +6.1%/yr | |
| Total liabilities | ¥3.04BFY2023 | ¥2.89BFY2025 | −2.5%/yr | |
| Shareholders’ equity | ¥219.4MFY2023 | ¥780.2MFY2025 | +88.6%/yr | |
| Cash & short-term investments | ¥69.5MFY2023 | ¥187.1MFY2025 | +64.1%/yr | |
| Total debt | ¥2.39BFY2023 | ¥2.75BFY2025 | +7.3%/yr | |
| Net cash (debt) | −¥2.32BFY2023 | −¥2.56BFY2025 | −¥242.5M | |
| Working capital | −¥229.2MFY2023 | −¥14.9MFY2025 | +¥214.3M | |
| Current ratio | 0.75FY2023 | 0.99FY2025 | +0.24 | |
| Debt / equity | 10.88FY2023 | 3.52FY2025 | −7.36 | |
| Shares outstanding | 5.0MFY2023 | 5.0MFY2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
THH assets
THH liabilities and equity
THH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
THH balance sheet in Japanese yen
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | ¥187.1M | ¥94.1M | ¥69.5M |
| Cash & equivalents | ¥8.7M | ¥94.1M | ¥69.5M |
| Short-term investments | ¥178.4M | — | ¥99.9M |
| Receivables | ¥1.01B | ¥762.3M | ¥561.2M |
| Inventory | ¥15.2M | ¥289,000 | ¥299,000 |
| Other current assets | ¥35.4M | ¥44.7M | ¥55.9M |
| Total current assets | ¥1.25B | ¥901.3M | ¥686.9M |
| Property, plant & equipment (net) | ¥1.85B | ¥2.20B | ¥2.33B |
| Goodwill & intangible assets | ¥0 | ¥0 | ¥0 |
| Long-term investments | ¥0 | ¥2.9M | ¥0 |
| Other non-current assets | ¥564.3M | ¥301.6M | ¥245.4M |
| Total assets | ¥3.67B | ¥3.41B | ¥3.26B |
| Liabilities | |||
| Accounts payable | ¥257.8M | ¥197.4M | ¥235.3M |
| Short-term debt | ¥495.4M | ¥388.3M | ¥357.0M |
| Deferred revenue | ¥347,515 | ¥253,000 | ¥50.4M |
| Total current liabilities | ¥1.27B | ¥983.0M | ¥916.1M |
| Long-term debt | ¥0 | ¥763.9M | ¥777.9M |
| Lease obligations | — | ¥1.42B | ¥1.50B |
| Other long-term liabilities | ¥1.62B | ¥1.27B | ¥1.34B |
| Total liabilities | ¥2.89B | ¥3.02B | ¥3.04B |
| Shareholders' equity | |||
| Common stock & paid-in capital | ¥156,781 | ¥157,000 | ¥157,000 |
| Retained earnings (deficit) | ¥780.0M | ¥306.8M | ¥169.4M |
| Accumulated other comprehensive income | ¥3.19B | ¥79.8M | ¥49.8M |
| Total shareholders' equity | ¥780.2M | ¥386.8M | ¥219.4M |
| Key figures | |||
| Total debt | ¥2.75B | ¥2.33B | ¥2.39B |
| Net cash (debt) | −¥2.56B | −¥2.23B | −¥2.32B |
| Working capital | −¥14.9M | −¥81.7M | −¥229.2M |
| Tangible book value | ¥780.2M | ¥386.8M | ¥219.4M |
| Shares outstanding | 5.0M | 5.0M | 5.0M |
| Current ratio | 0.99 | 0.92 | 0.75 |
| Quick ratio | 0.95 | 0.87 | 0.69 |
| Debt / equity | 3.52 | 6.01 | 10.88 |
| Equity / assets | 21.3% | 11.4% | 6.7% |
| Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | ¥121.3M | ¥135.5M | ¥130.2M | ¥39.8M | ¥536.6M | ¥94.1M | ¥723.7M |
| Cash & equivalents | ¥121.3M | ¥92.7M | ¥89.0M | ¥39.8M | ¥276.6M | ¥94.1M | ¥621.4M |
| Short-term investments | ¥0 | ¥42.8M | ¥41.1M | — | ¥260.0M | — | ¥102.3M |
| Receivables | ¥1.37B | ¥8.24B | ¥7.91B | ¥644.0M | ¥4.48B | ¥762.3M | ¥5.04B |
| Inventory | ¥13.5M | ¥105.9M | ¥101.7M | ¥12.8M | ¥88.8M | ¥289,000 | ¥1.9M |
| Other current assets | ¥41.9M | ¥215.9M | ¥207.4M | ¥85.2M | ¥334.5M | ¥44.7M | ¥192.8M |
| Total current assets | ¥1.55B | ¥8.70B | ¥8.35B | ¥781.6M | ¥5.44B | ¥901.3M | ¥5.96B |
| Property, plant & equipment (net) | ¥1.70B | ¥12.89B | ¥12.38B | ¥1.47B | ¥10.25B | ¥2.20B | ¥14.54B |
| Goodwill & intangible assets | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Long-term investments | ¥56.6M | ¥0 | ¥0 | ¥9.1M | ¥0 | ¥2.9M | ¥0 |
| Other non-current assets | ¥278.3M | ¥3.92B | ¥3.77B | ¥372.1M | ¥2.65B | ¥301.6M | ¥2.01B |
| Total assets | ¥3.58B | ¥25.51B | ¥24.50B | ¥2.64B | ¥18.34B | ¥3.41B | ¥22.51B |
| Liabilities | |||||||
| Accounts payable | ¥192.9M | ¥1.88B | ¥1.81B | ¥143.7M | ¥999.5M | ¥197.4M | ¥1.30B |
| Short-term debt | ¥472.7M | ¥3.44B | ¥3.31B | ¥357.0M | ¥2.48B | ¥388.3M | ¥2.57B |
| Deferred revenue | ¥2.6M | — | — | ¥10.0M | — | ¥253,000 | — |
| Total current liabilities | ¥987.4M | ¥8.80B | ¥8.45B | ¥1.01B | ¥7.03B | ¥983.0M | ¥6.50B |
| Long-term debt | ¥734.9M | ¥0 | ¥0 | ¥758.1M | ¥0 | ¥763.9M | ¥0 |
| Lease obligations | ¥944.1M | — | — | ¥640.3M | — | ¥1.42B | — |
| Other long-term liabilities | ¥700.1M | ¥11.28B | ¥10.84B | ¥484.4M | ¥8.64B | ¥1.27B | ¥13.45B |
| Total liabilities | ¥2.42B | ¥20.08B | ¥19.29B | ¥2.25B | ¥15.67B | ¥3.02B | ¥19.95B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | ¥161,000 | ¥1.1M | ¥1.0M | ¥157,000 | ¥1.1M | ¥157,000 | ¥1.0M |
| Retained earnings (deficit) | ¥264.8M | ¥2.24B | ¥2.15B | ¥303.3M | ¥2.11B | ¥306.8M | ¥2.03B |
| Accumulated other comprehensive income | ¥892.6M | ¥3.19B | ¥3.06B | ¥79.8M | ¥555.5M | ¥79.8M | ¥527.5M |
| Total shareholders' equity | ¥1.16B | ¥5.42B | ¥5.21B | ¥383.3M | ¥2.67B | ¥386.8M | ¥2.56B |
| Key figures | |||||||
| Total debt | ¥1.80B | ¥13.98B | ¥13.43B | ¥1.50B | ¥10.47B | ¥2.33B | ¥15.37B |
| Net cash (debt) | −¥1.68B | −¥13.85B | −¥13.30B | −¥1.46B | −¥9.93B | −¥2.23B | −¥14.64B |
| Working capital | ¥562.4M | −¥103.7M | −¥99.6M | −¥228.1M | −¥1.59B | −¥81.7M | −¥540.1M |
| Tangible book value | ¥1.16B | ¥5.42B | ¥5.21B | ¥383.3M | ¥2.67B | ¥386.8M | ¥2.56B |
| Shares outstanding | 52.0M | 50.8M | 50.8M | 50.8M | 50.8M | 50.8M | 50.8M |
| Current ratio | 1.57 | 0.99 | 0.99 | 0.77 | 0.77 | 0.92 | 0.92 |
| Quick ratio | 1.51 | 0.95 | 0.95 | 0.68 | 0.71 | 0.87 | 0.89 |
| Debt / equity | 1.56 | 2.58 | 2.58 | 3.92 | 3.92 | 6.01 | 6.01 |
| Equity / assets | 32.3% | 21.3% | 21.3% | 14.5% | 14.5% | 11.4% | 11.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed October 31, 2025); data from EODHD.
THH financial position
At the end of fiscal 2025 (June 30, 2025), TryHard had total assets of ¥3.7 billion (up 7.7% from a year earlier), total liabilities of ¥2.9 billion and shareholders' equity of ¥780.2 million. It held ¥187.1 million in cash and short-term investments against ¥2.7 billion of debt, net debt of ¥2.6 billion. Its current ratio was 0.99. In the latest quarter (ended December 31, 2025) total assets were ¥3.6 billion and equity ¥1.2 billion.
Related: THH income statement. See the THH stock overview for the latest quote and news.
THH balance sheet FAQ
What are TryHard's total assets?
TryHard reported total assets of ¥3.7 billion at the end of fiscal 2025 (June 30, 2025), compared with ¥3.4 billion a year earlier.
How much debt does TryHard have?
TryHard had ¥2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 3.52.
How much cash does TryHard have?
TryHard held ¥187.1 million in cash and short-term investments at the end of fiscal 2025; with ¥2.7 billion of debt that is net debt of ¥2.6 billion.
What is TryHard's book value?
TryHard's shareholders' equity (book value) was ¥780.2 million at the end of fiscal 2025.
What is TryHard's current ratio?
TryHard had current assets of ¥1.3 billion and current liabilities of ¥1.3 billion, a current ratio of 0.99 (current liabilities exceed current assets).