Nippon Denko Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	6,133	5,947	7,867	8,911	9,779	9,603
Cash & Short-Term Investments	6,133	5,947	7,867	8,911	9,779	9,603
Cash Growth	3.95%	-24.41%	-11.72%	-8.88%	1.83%	26.37%
Receivables	10,849	11,661	10,905	11,705	19,426	14,694
Inventory	26,649	33,980	30,893	33,606	23,020	21,677
Other Current Assets	2,242	2,383	2,187	2,718	1,229	1,975
Total Current Assets	45,873	53,971	51,852	56,940	53,454	47,949
Property, Plant & Equipment	27,464	27,199	26,919	26,410	23,411	22,421
Long-Term Investments	12,509	13,791	14,267	15,212	10,782	9,947
Other Intangible Assets	796	543	362	164	139	146
Long-Term Deferred Tax Assets	825	1,327	2,412	1,107	3,171	893
Other Long-Term Assets	1,362	2	2	1	1	2
Total Assets	94,102	102,200	101,015	104,943	95,888	86,171
Accounts Payable	3,389	5,787	4,230	7,621	6,955	4,296
Accrued Expenses	769	308	245	402	335	200
Short-Term Debt	5,006	4,001	2,010	8,424	2,238	2,083
Current Portion of Long-Term Debt	2,100	3,564	3,528	2,558	2,558	1,458
Current Portion of Leases	180	170	156	156	148	139
Current Income Taxes Payable	253	814	96	819	778	196
Other Current Liabilities	4,145	4,173	5,825	4,949	4,269	4,015
Total Current Liabilities	15,842	18,817	16,090	24,929	17,281	12,387
Long-Term Debt	4,336	5,498	8,866	6,192	8,751	11,310
Long-Term Leases	3,731	3,843	4,003	4,144	4,300	4,446
Pension & Post-Retirement Benefits	-	-	-	-	325	797
Long-Term Deferred Tax Liabilities	-	-	-	5	489	370
Other Long-Term Liabilities	367	365	356	450	418	430
Total Liabilities	24,276	28,523	29,315	35,720	31,564	29,740
Common Stock	11,120	11,108	11,096	11,084	11,072	11,057
Additional Paid-In Capital	17,474	17,462	17,450	21,439	21,427	21,412
Retained Earnings	39,248	40,457	38,950	36,244	31,233	24,786
Treasury Stock	-3,460	-1	-	-3,001	-	-
Comprehensive Income & Other	5,444	4,651	4,204	3,420	524	-887
Total Common Equity	69,826	73,677	71,700	69,186	64,256	56,368
Minority Interest	-	-	-	37	68	63
Shareholders' Equity	69,826	73,677	71,700	69,223	64,324	56,431
Total Liabilities & Equity	94,102	102,200	101,015	104,943	95,888	86,171
Total Debt	15,353	17,076	18,563	21,474	17,995	19,436
Net Cash (Debt)	-9,220	-11,129	-10,696	-12,563	-8,216	-9,833
Net Cash Per Share	-73.22	-81.08	-77.80	-86.06	-55.96	-67.03
Filing Date Shares Outstanding	125.91	137.29	137.22	137.72	146.84	146.77
Total Common Shares Outstanding	125.91	137.29	137.22	139.84	146.85	146.77
Working Capital	30,031	35,154	35,762	32,011	36,173	35,562
Book Value Per Share	554.55	536.65	522.54	494.75	437.58	384.05
Tangible Book Value	69,030	73,134	71,338	69,022	64,117	56,222
Tangible Book Value Per Share	548.23	532.69	519.90	493.58	436.63	383.05

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