← LEIFRAS Co., Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Short-term Investments | — | — | — | — | — | — | — | — | $4.9m | — | |
| Cash and Cash Equivalents | $38k | $1k | $5k | $387 | $501k | $439k | $857k | $3.6m | $2.5b | $2.5b | |
| Accounts Receivable | $9.3m | $11.0m | $14.1m | $15.1m | $16.3m | $17.5m | $15.7m | $14.5m | $518.4m | $731.1m | |
| Prepaid Expenses | — | $129 | — | — | — | — | — | — | $182.3m | $158.0m | |
| Prepaid expenses and other current assets | $2.5m | $7.0m | $10.5m | $8.2m | $10.7m | $10.7m | $8.5m | $5.6m | $3.8m | $4.4m | |
| Receivables/other from related parties, net | — | — | — | — | — | — | $3.9m | $4.2m | $2.4m | $3.0m | |
| Receivables/other from related parties | — | — | — | $3.0m | $2.3m | $6.0m | $3.9m | — | — | — | |
| Income taxes receivable | $2.8m | $570k | $378k | $979k | $5.9m | $0 | — | — | — | — | |
| Inventory, Net | — | — | — | — | — | — | — | — | $24.5m | $138k | |
| Accounts Receivable, after Allowance for Credit Loss | — | — | — | — | — | — | — | — | $518.4m | $4.7m | |
| Assets, Current | — | — | — | — | — | — | — | — | $3.3b | $22.1m | |
| TOTAL CURRENT ASSETS | $18.5m | $1k | $5k | $387 | $0 | $0 | $0 | $0 | $3.3b | $3.5b | |
| Long-Term Investments | — | — | — | — | — | — | — | — | $150.4m | $150.2m | |
| Property, Plant and Equipment, Net | $177.1m | $28k | $29k | $248.1m | $242.6m | $242.4m | $222.6m | $160.6m | $53.8m | $615k | |
| Goodwill | — | — | $1.4m | $1.8m | $1.5m | $1.5m | $1.5m | $1.5m | $179k | $179k | |
| Goodwill and Intangible Assets, Net | — | — | — | — | — | — | — | — | $39.3m | $29.6m | |
| Intangible assets, net | — | — | $6.2m | $12.4m | $11.3m | $8.3m | $7.3m | $6.7m | $5.2m | $2.6m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | — | — | — | $337.3m | $3.1m | |
| Other Assets, Noncurrent | — | — | — | — | — | — | — | — | $1.2b | $7.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | — | — | — | — | — | $518.4m | $4.7m | |
| Accrued Liabilities, Current | — | — | — | — | — | — | — | — | $1.1b | $7.4m | |
| Other Non-Operating Current Assets | — | — | — | — | — | — | — | — | $34.4m | $38.2m | |
| Other Non-Operating Non-Current Assets | — | — | — | — | — | — | — | — | $208.6m | $236.9m | |
| Deferred Tax Assets, Non-Current | — | — | — | — | — | — | — | — | $214.7m | $164.1m | |
| Other non-current assets | — | — | — | — | — | — | — | — | $3.1m | $8.5m | |
| Bond payable, current | — | — | — | — | — | — | — | — | $40.0m | $40.0m | |
| Other Current Liabilities | $6.4m | $5.2m | $7.7m | $8.3m | $7.9m | $6.5m | $11.3m | $8.7m | $147.6m | $154.1m | |
| Lease liabilities, current | — | — | — | — | — | — | — | — | $110.9m | $138.9m | |
| Other Non-Operating Non-Current Liabilities | $6.1m | $3.9m | $3.6m | $5.5m | $6.6m | $4.5m | $9.8m | $4.6m | $196.0m | $176.6m | |
| Bond payable, non-current | — | — | — | — | — | — | — | — | $56.8m | $18.2m | |
| Contract Liabilities | — | — | — | — | — | — | — | — | $10.6m | $12.8m | |
| Lease liabilities, non-current | — | — | — | — | — | — | — | — | $207.4m | $347.4m | |
| Retirement Related Liabilities, Non-Current | — | — | — | — | $84k | $84k | $84k | $84k | $12.9m | $30.8m | |
| Treasury shares, 400,041 shares as of December 31, 2024 and 2025, respectively* | — | — | — | — | — | — | — | — | ($100.0m) | ($100.0m) | |
| Bank indebtedness | — | — | — | — | — | — | — | $322 | $322 | $322 | |
| Other Non-Operating Current Liabilities | — | $2k | $8k | $33k | $72k | $130k | $187k | $245k | $298k | $348k | |
| Advances from related party | — | — | — | — | — | — | — | $101k | $143k | $173k | |
| Promissory note - related party | — | — | — | — | — | $43k | $43k | $43k | $43k | $43k | |
| Asset retirement obligations , Total | — | — | — | — | — | $84k | $84k | — | — | — | |
| Asset Retirement Obligations | — | $84k | $84k | $84k | $84k | — | — | — | — | — | |
| Loan from director | — | — | — | $906k | $6.3m | $7.0m | $4.9m | — | — | — | |
| Cultural costs | $3.8m | $4.1m | $5.4m | $7.2m | $6.9m | $7.5m | $8.6m | $2.3m | $1.9m | $2.4m | |
| Assets held for sale | — | — | — | — | — | — | — | — | $0 | $13.7m | |
| Real estate development | $77.1m | $81.1m | $107.2m | $17.6m | $21.6m | $22.8m | $9.7m | $10.0m | $10.2m | $10.6m | |
| Equity in investments | $6.3m | $14.1m | $18.7m | $58.2m | $61.2m | $64.1m | $72.9m | $78.8m | $81.5m | $72.2m | |
| Growers and suppliers payable | — | — | — | — | — | — | $10.7m | $9.6m | $9.0m | $6.9m | |
| Payables to related parties | $8.6m | $8.8m | $10.1m | $14.5m | $8.1m | $10.4m | $4.9m | $4.8m | $5.5m | $6.0m | |
| Deferred income taxes | $25.3m | $31.4m | $25.4m | $24.3m | $22.4m | $22.9m | $23.5m | $22.2m | $20.1m | $15.4m | |
| Investment in Calavo Growers, Inc. | $17.7m | $22.1m | $24.2m | $17.3m | $0 | — | — | — | — | — | |
| Sale-leaseback deferral | $23.3m | $30.4m | $58.3m | $0 | — | — | — | — | — | — | |
| Fair value of derivative instrument | $690k | $268k | $0 | — | — | — | — | — | — | — | |
| TOTAL NON-CURRENT ASSETS | $8.7m | $10.4m | $6.8m | $9.3m | $8.7m | $11.0m | $17.0m | $13.4m | $1.2b | $1.2b | |
| TOTAL NON-CURRENT LIABILITIES | $324k | $194k | $126k | $126k | $126k | $84k | $84k | $603.5m | $578.5m | ||
| TOTAL SHAREHOLDERS' EQUITY | $126.5m | ($317k) | ($217k) | ($344k) | ($441k) | ($535k) | ($626k) | ($728k) | $1.0b | $1.8b | |
| Total stockholders’ equity | — | — | $219.1m | $221.7m | $195.8m | $188.4m | $181.1m | $189.7m | $191.7m | $180.0m | |
| Assets | — | — | — | — | — | — | — | — | $4.5b | $29.8m | |
| TOTAL ASSETS | $305.4m | $29k | $34k | $387 | $0 | $0 | $0 | $0 | $4.5b | $4.7b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | — | — | — | — | $110.9m | $886k | |
| Accounts Payable, Current | $5.6m | $15k | $21k | $24k | $18k | $16k | $18k | $28k | $168.3m | $1.3m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | — | — | — | $207.4m | $2.2m | |
| Long-term Debt, Current Maturities | — | — | — | — | — | — | — | — | $230.8m | $963k | |
| Long-term Debt, Excluding Current Maturities | $88.2m | $241k | $68k | $43k | $43k | $43k | $104.1m | $40.6m | $175.5m | $156k | |
| Short-Term Debt | — | — | — | $133k | $322 | $322 | $322 | $220k | $71.7m | $88.0m | |
| Accrued Income Taxes | — | — | — | — | — | — | — | — | $75.4m | $43.5m | |
| Liabilities, Current | — | — | — | — | — | — | — | — | $2.9b | $14.3m | |
| TOTAL CURRENT LIABILITIES | $23.8m | $22k | $57k | $218k | $315k | $452k | $542k | $645k | $2.9b | $2.2b | |
| Other Liabilities, Noncurrent | — | — | — | — | — | — | — | — | $196.0m | $1.1m | |
| Liabilities | — | — | — | — | — | — | — | — | $3.5b | $18.0m | |
| TOTAL LIABILITIES | $166.7m | $346k | $252k | $344k | $441k | $535k | $626k | $728k | $3.5b | $2.8b | |
| COMMITMENTS AND CONTINGENCIES | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | — | — | — | — | — | — | — | — | $80.5m | $2.6m | |
| Additional Paid in Capital | $91.8m | $1.0m | $1.3m | $1.3m | $1.4m | $1.5m | $141.5m | $141.5m | $748.8m | $5.0m | |
| Retained Earnings (Accumulated Deficit) | $31.8m | ($1.3m) | ($1.5m) | ($1.7m) | ($1.9m) | ($2.0m) | ($142.1m) | ($142.2m) | $311.5m | $4.8m | |
| Convertible preferred stock | $21.6m | $20.1m | $20.1m | $20.1m | $20.1m | $20.1m | $10.8m | $10.8m | $10.8m | $10.8m | |
| Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at October 31, 2025 and October 31, 2024) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Accumulated other comprehensive loss | $2.7m | $7.1m | $9.0m | ($7.3m) | ($7.5m) | ($5.7m) | ($7.9m) | ($5.7m) | ($6.6m) | ($6.3m) | |
| Treasury stock, at cost, 250,977 shares at October 31, 2025 and October 31, 2024 | — | — | — | $0 | ($3.5m) | ($3.5m) | ($3.5m) | ($3.5m) | ($3.5m) | ($3.5m) | |
| Preferred stock, par value (in dollars per share) | — | — | — | $200.01 | $200.01 | — | — | — | — | — | |
| Shares of preferred stock authorized (in shares) | — | — | — | $80k | $80k | — | — | — | — | — | |
| Preferred stock, shares issued (in shares) | — | — | — | $24k | $24k | — | — | — | — | — | |
| Preferred stock, shares outstanding (in shares) | — | — | — | 9k | 24k | — | — | — | — | — | |
| Common stock, shares authorized (in shares) | — | — | — | $39.0m | $39.0m | — | — | — | — | — | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | — | — | — | $1.0b | $11.8m | |
| Noncontrolling interests | $0 | $587k | $574k | $15.4m | $13.7m | $12.0m | $11.6m | $11.2m | $10.5m | $19.3m | |
| Total Stockholders' Equity | $142k | $297 | $301 | $301 | $4k | $48 | $21k | $21k | $80.5m | $409.8m | |
| Liabilities and Equity | — | — | — | — | — | — | — | — | $4.5b | $29.8m | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $305.4m | $29k | $34k | $387 | $0 | $0 | $0 | $0 | $4.5b | $4.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.