Nishi-Nippon Railroad 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	49,782	51,318	69,624	72,796	70,828	51,384
Cash & Short-Term Investments	49,782	51,318	69,624	72,796	70,828	51,384
Cash Growth	-2.35%	-26.29%	-4.36%	2.78%	37.84%	50.22%
Accounts Receivable	58,182	63,090	48,886	59,278	58,862	48,108
Other Receivables	-	-	-	3,975	-	-
Receivables	58,182	63,090	48,886	63,253	58,862	48,108
Inventory	93,643	85,507	73,538	70,282	65,096	67,065
Other Current Assets	13,441	17,768	16,730	13,411	16,636	14,383
Total Current Assets	215,048	217,683	208,778	219,742	211,422	180,940
Property, Plant & Equipment	461,604	457,627	416,088	373,207	437,890	437,999
Long-Term Investments	106,559	100,132	96,005	80,841	69,454	72,345
Goodwill	5,263	298	305	321	429	258
Other Intangible Assets	4,602	4,279	3,663	3,523	3,597	4,217
Long-Term Deferred Tax Assets	2,235	2,105	2,162	8,159	11,706	12,044
Other Long-Term Assets	2	2	1	2	2	1
Total Assets	795,313	782,126	727,002	685,795	734,500	707,804
Accounts Payable	45,734	55,460	65,018	43,561	39,119	41,442
Accrued Expenses	3,951	7,776	7,281	6,539	4,752	4,877
Short-Term Debt	45,938	48,064	47,161	49,163	48,898	53,168
Current Portion of Long-Term Debt	8,000	8,000	10,000	7,000	-	-
Current Income Taxes Payable	8,567	6,802	10,827	3,982	2,974	1,755
Other Current Liabilities	39,260	31,003	30,546	34,181	102,651	89,403
Total Current Liabilities	151,450	157,105	170,833	144,426	198,394	190,645
Long-Term Debt	302,645	310,096	259,677	278,711	298,895	292,277
Pension & Post-Retirement Benefits	13,584	12,894	17,010	22,109	23,046	23,490
Long-Term Deferred Tax Liabilities	7,789	4,268	3,993	109	1,572	1,210
Other Long-Term Liabilities	43,227	41,725	39,652	38,560	33,511	30,238
Total Liabilities	518,695	526,088	491,165	483,915	555,418	537,860
Common Stock	26,157	26,157	26,157	26,157	26,157	26,157
Additional Paid-In Capital	12,129	12,137	12,137	12,608	12,608	12,622
Retained Earnings	206,713	182,591	164,941	143,194	127,430	120,103
Treasury Stock	-8,450	-4,471	-1,576	-1,166	-1,278	-1,220
Comprehensive Income & Other	31,522	32,850	27,636	14,324	8,080	6,936
Total Common Equity	268,071	249,264	229,295	195,117	172,997	164,598
Minority Interest	8,547	6,774	6,542	6,763	6,085	5,346
Shareholders' Equity	276,618	256,038	235,837	201,880	179,082	169,944
Total Liabilities & Equity	795,313	782,126	727,002	685,795	734,500	707,804
Total Debt	356,583	366,160	316,838	334,874	347,793	345,445
Net Cash (Debt)	-306,801	-314,842	-247,214	-262,078	-276,965	-294,061
Net Cash Per Share	-4007.43	-4036.18	-3133.85	-3317.86	-3503.89	-3732.92
Filing Date Shares Outstanding	75.5	75.64	78.69	78.83	78.77	78.79
Total Common Shares Outstanding	75.5	77.47	78.69	78.83	78.77	78.78
Working Capital	63,598	60,578	37,945	75,316	13,028	-9,705
Book Value Per Share	3550.38	3217.35	2914.08	2475.17	2196.19	2089.34
Tangible Book Value	258,206	244,687	225,327	191,273	168,971	160,123
Tangible Book Value Per Share	3419.73	3158.27	2863.65	2426.41	2145.08	2032.54

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