Shimano 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	454,149	534,045	493,933	430,429	364,519	305,613
Cash & Short-Term Investments	454,149	534,045	493,933	430,429	364,519	305,613
Cash Growth	-8.39%	8.12%	14.75%	18.08%	19.28%	13.16%
Receivables	41,289	39,507	31,260	54,891	51,888	37,748
Inventory	121,488	120,641	112,488	130,908	103,258	74,503
Other Current Assets	17,541	17,268	15,072	12,526	8,879	5,604
Total Current Assets	634,467	711,461	652,753	628,754	528,544	423,468
Property, Plant & Equipment	193,221	182,708	157,982	147,244	139,405	132,129
Long-Term Investments	30,364	31,440	29,313	23,845	15,239	14,029
Goodwill	1,467	1,661	1,898	3,065	3,274	3,591
Other Intangible Assets	26,066	23,299	20,091	16,776	12,854	11,657
Long-Term Deferred Tax Assets	6,934	8,382	9,693	6,728	6,053	5,545
Other Long-Term Assets	4,705	2	1	1	1	1
Total Assets	897,224	958,953	871,731	826,413	705,370	590,420
Accounts Payable	15,574	16,111	11,025	20,595	24,352	18,727
Accrued Expenses	4,885	3,639	3,182	3,880	3,639	2,718
Short-Term Debt	-	-	-	2,151	3,133	9
Current Portion of Leases	-	1,242	1,022	928	827	737
Current Income Taxes Payable	5,565	9,803	5,737	21,899	23,170	10,644
Other Current Liabilities	27,787	25,007	40,868	29,155	26,407	21,111
Total Current Liabilities	53,811	55,802	61,834	78,608	81,528	53,946
Long-Term Debt	-	-	-	-	2	11
Long-Term Leases	-	2,319	2,370	2,298	2,298	1,597
Pension & Post-Retirement Benefits	1,352	1,310	1,253	1,210	2,104	2,872
Long-Term Deferred Tax Liabilities	2,118	3,018	3,179	2,522	2,164	1,483
Other Long-Term Liabilities	14,361	12,893	700	681	624	726
Total Liabilities	71,642	75,342	69,336	85,319	88,720	60,635
Common Stock	35,613	35,613	35,613	35,613	35,613	35,613
Additional Paid-In Capital	5,324	5,640	5,640	5,640	5,640	5,642
Retained Earnings	632,963	675,370	647,172	638,141	566,263	498,046
Treasury Stock	-13,242	-1,186	-1,264	-12,909	-13,284	-154
Comprehensive Income & Other	163,814	166,959	114,004	73,623	21,759	-9,860
Total Common Equity	824,472	882,396	801,165	740,108	615,991	529,287
Minority Interest	1,110	1,215	1,230	986	659	498
Shareholders' Equity	825,582	883,611	802,395	741,094	616,650	529,785
Total Liabilities & Equity	897,224	958,953	871,731	826,413	705,370	590,420
Total Debt	-	3,561	3,392	5,377	6,260	2,354
Net Cash (Debt)	454,149	530,484	490,541	425,052	358,259	303,259
Net Cash Growth	-8.39%	8.14%	15.41%	18.64%	18.14%	14.19%
Net Cash Per Share	5146.84	5930.77	5429.64	4669.82	3870.73	3271.40
Filing Date Shares Outstanding	86.92	89.07	89.97	90.4	91.97	92.7
Total Common Shares Outstanding	86.92	89.07	89.97	90.63	91.97	92.7
Working Capital	580,656	655,659	590,919	550,146	447,016	369,522
Book Value Per Share	9485.04	9907.22	8905.20	8166.35	6697.81	5709.69
Tangible Book Value	796,939	857,436	779,176	720,267	599,863	514,039
Tangible Book Value Per Share	9168.29	9626.98	8660.79	7947.42	6522.44	5545.20

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