Shimano Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	472,800	534,045	493,933	430,429	364,519
Short-Term Investments	4,524	-	-	-	-
Cash & Short-Term Investments	477,324	534,045	493,933	430,429	364,519
Cash Growth	-10.62%	8.12%	14.75%	18.08%	19.28%
Receivables	37,959	39,507	31,260	54,891	51,888
Inventory	131,996	120,641	112,488	130,908	103,258
Other Current Assets	18,840	17,268	15,072	12,526	8,879
Total Current Assets	666,119	711,461	652,753	628,754	528,544
Property, Plant & Equipment	201,142	182,708	157,982	147,244	139,405
Long-Term Investments	29,348	31,440	29,313	23,845	15,239
Goodwill	1,455	1,661	1,898	3,065	3,274
Other Intangible Assets	27,866	23,299	20,091	16,776	12,854
Long-Term Deferred Tax Assets	4,618	8,382	9,693	6,728	6,053
Other Long-Term Assets	7,702	2	1	1	1
Total Assets	938,250	958,953	871,731	826,413	705,370
Accounts Payable	16,774	16,111	11,025	20,595	24,352
Accrued Expenses	3,623	3,639	3,182	3,880	3,639
Short-Term Debt	-	-	-	2,151	3,133
Current Portion of Leases	1,423	1,242	1,022	928	827
Current Income Taxes Payable	9,161	9,803	5,737	21,899	23,170
Other Current Liabilities	27,936	25,007	40,868	29,155	26,407
Total Current Liabilities	58,917	55,802	61,834	78,608	81,528
Long-Term Debt	-	-	-	-	2
Long-Term Leases	2,607	2,319	2,370	2,298	2,298
Pension & Post-Retirement Benefits	1,473	1,310	1,253	1,210	2,104
Long-Term Deferred Tax Liabilities	2,449	3,018	3,179	2,522	2,164
Other Long-Term Liabilities	3,304	12,893	700	681	624
Total Liabilities	68,750	75,342	69,336	85,319	88,720
Common Stock	35,613	35,613	35,613	35,613	35,613
Additional Paid-In Capital	5,324	5,640	5,640	5,640	5,640
Retained Earnings	630,717	675,370	647,172	638,141	566,263
Treasury Stock	-1,100	-1,186	-1,264	-12,909	-13,284
Comprehensive Income & Other	197,701	166,959	114,004	73,623	21,759
Total Common Equity	868,255	882,396	801,165	740,108	615,991
Minority Interest	1,245	1,215	1,230	986	659
Shareholders' Equity	869,500	883,611	802,395	741,094	616,650
Total Liabilities & Equity	938,250	958,953	871,731	826,413	705,370
Total Debt	4,030	3,561	3,392	5,377	6,260
Net Cash (Debt)	473,294	530,484	490,541	425,052	358,259
Net Cash Growth	-10.78%	8.14%	15.41%	18.64%	18.14%
Net Cash Per Share	5404.96	5930.77	5429.64	4669.82	3870.73
Filing Date Shares Outstanding	86.47	89.07	89.97	90.4	91.97
Total Common Shares Outstanding	86.47	89.07	89.97	90.63	91.97
Working Capital	607,202	655,659	590,919	550,146	447,016
Book Value Per Share	10041.64	9907.22	8905.20	8166.35	6697.81
Tangible Book Value	838,934	857,436	779,176	720,267	599,863
Tangible Book Value Per Share	9702.53	9626.98	8660.79	7947.42	6522.44
Land	15,815	-	-	-	-
Buildings	157,862	-	-	-	-
Machinery	131,639	-	-	-	-
Construction In Progress	43,940	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.