Daiwa House Industry Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	390,621	333,198	450,129	358,086	337,632	425,980
Short-Term Investments	-	402	449	3,570	7,568	550
Cash & Short-Term Investments	390,621	333,600	450,578	361,656	345,200	426,530
Cash Growth	-8.61%	-25.96%	24.59%	4.77%	-19.07%	51.12%
Receivables	531,028	668,130	640,061	565,776	507,583	462,131
Inventory	2,874,863	2,571,635	2,287,761	2,091,674	1,562,407	1,173,610
Other Current Assets	570,749	309,099	271,681	232,882	277,604	292,093
Total Current Assets	4,367,261	3,882,464	3,650,081	3,251,988	2,692,794	2,354,364
Property, Plant & Equipment	2,327,741	2,141,352	2,008,029	2,033,629	1,969,066	1,858,847
Long-Term Investments	406,944	707,152	555,110	517,030	527,426	537,472
Goodwill	87,560	94,656	95,429	94,467	93,895	74,046
Other Intangible Assets	109,428	110,420	108,132	99,127	77,022	61,579
Long-Term Deferred Tax Assets	-	104,069	111,804	141,265	159,203	161,458
Other Long-Term Assets	579,308	1	2	1	1	2
Total Assets	7,878,242	7,049,323	6,533,721	6,142,067	5,521,662	5,053,052
Accounts Payable	321,724	353,710	361,313	380,004	355,936	296,165
Accrued Expenses	37,738	69,176	64,991	60,728	56,759	53,276
Short-Term Debt	1,056,446	170,293	122,253	133,028	151,421	124,584
Current Portion of Long-Term Debt	194,574	360,287	217,675	209,044	104,589	86,700
Current Portion of Leases	-	11,563	9,105	8,074	8,810	7,576
Current Income Taxes Payable	25,016	205,319	171,865	182,986	190,221	186,182
Current Unearned Revenue	194,134	195,231	195,458	183,273	137,977	113,186
Other Current Liabilities	584,017	468,255	388,740	369,710	438,879	411,189
Total Current Liabilities	2,413,649	1,833,834	1,531,400	1,526,847	1,444,592	1,278,858
Long-Term Debt	1,879,737	1,778,496	1,747,909	1,504,507	1,166,496	1,060,700
Long-Term Leases	-	112,189	107,236	97,420	102,731	93,780
Pension & Post-Retirement Benefits	100,350	98,504	103,003	103,617	193,753	246,059
Long-Term Deferred Tax Liabilities	-	17,624	18,285	18,405	19,117	19,634
Other Long-Term Liabilities	662,770	491,931	502,127	502,359	483,589	460,519
Total Liabilities	5,056,506	4,332,578	4,009,960	3,753,155	3,410,278	3,159,550
Common Stock	162,602	162,216	161,957	161,845	161,699	161,699
Additional Paid-In Capital	293,833	299,395	301,318	303,741	301,982	304,595
Retained Earnings	2,263,359	2,132,816	1,903,326	1,710,582	1,486,900	1,339,558
Treasury Stock	-185,541	-188,335	-88,320	-20,327	-29,081	-33,019
Comprehensive Income & Other	192,277	208,146	159,580	128,370	98,657	62,453
Total Common Equity	2,726,530	2,614,238	2,437,861	2,284,211	2,020,157	1,835,286
Minority Interest	95,206	102,507	85,900	104,701	91,227	58,216
Shareholders' Equity	2,821,736	2,716,745	2,523,761	2,388,912	2,111,384	1,893,502
Total Liabilities & Equity	7,878,242	7,049,323	6,533,721	6,142,067	5,521,662	5,053,052
Total Debt	3,130,757	2,432,828	2,204,178	1,952,073	1,534,047	1,373,340
Net Cash (Debt)	-2,740,136	-2,099,228	-1,753,600	-1,590,417	-1,188,847	-946,810
Net Cash Per Share	-4422.53	-3319.42	-2683.39	-2419.24	-1814.48	-1442.37
Filing Date Shares Outstanding	619.35	618.58	639.82	665.87	655.67	655.08
Total Common Shares Outstanding	619.35	618.58	639.82	658.87	655.67	654.24
Working Capital	1,953,612	2,048,630	2,118,681	1,725,141	1,248,202	1,075,506
Book Value Per Share	4402.26	4226.17	3810.21	3466.85	3081.07	2805.23
Tangible Book Value	2,529,542	2,409,162	2,234,300	2,090,617	1,849,240	1,699,661
Tangible Book Value Per Share	4084.20	3894.64	3492.06	3173.03	2820.39	2597.93
Order Backlog	-	1,675,150	1,720,635	1,744,926	1,717,441	1,480,196

Source: S&P Global Market Intelligence. Standard template. Financial Sources.