J-star Holding Co., Ltd. balance sheet

At the end of fiscal 2025, J-star Holding Co., Ltd. had total assets of $7.2m, total liabilities of $13.9m and shareholders' equity of −$6.8m. It held $97,669 in cash against $12.6m of debt: net debt of $12.5m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

J-star Holding Co., Ltd.: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	1	1	0
Inventory	—	1	1
Total current assets	—	13	6
Total assets	—	24	7
Total current liabilities	—	10	13
Short-term debt	—	9	12
Long-term debt	—	1	1
Total debt	0	10	13
Total liabilities	—	11	14
Shareholders' equity	12	13	−7
Net debt (negative = net cash)	−1	9	13
Shares outstanding	—	—	17m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from J-star Holding Co., Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to J-star Holding Co., Ltd.