T&D Holdings 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	Sep '25 Sep 30, 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
Investments in Debt Securities	-	7,493,409	7,163,303	6,909,415	6,927,108	6,929,916
Policy Loans	-	104,233	103,274	100,664	100,044	105,944
Other Investments	12,759,455	4,718,610	5,117,687	4,874,771	6,021,019	6,102,830
Total Investments	12,759,455	12,316,252	12,384,264	11,884,850	13,048,171	13,138,690
Cash & Equivalents	577,561	778,681	1,137,609	1,140,802	890,674	1,020,246
Reinsurance Recoverable	170,275	60,578	78,915	44,504	34,298	21,024
Other Receivables	1,914,319	1,730,529	1,806,855	1,816,994	1,766,976	1,851,347
Property, Plant & Equipment	371,065	373,697	378,019	382,430	372,668	375,516
Other Intangible Assets	57,503	55,057	43,378	34,386	35,138	32,972
Restricted Cash	1,154,315	1,115,454	1,155,716	1,217,451	1,324,898	1,139,054
Long-Term Deferred Tax Assets	197	301	256	71,282	505	293
Other Long-Term Assets	177,496	188,460	222,098	181,178	340,080	298,136
Total Assets	17,182,186	16,619,009	17,207,110	16,773,877	17,813,408	17,877,278
Accrued Expenses	1,251	1,564	1,853	2,657	1,981	3,022
Insurance & Annuity Liabilities	13,788,856	13,636,994	14,217,148	13,980,301	14,432,708	14,694,547
Unpaid Claims	83,338	84,167	84,581	75,569	72,683	70,753
Reinsurance Payable	27,717	42,233	29,557	27,605	13,917	12,103
Current Portion of Long-Term Debt	-	12,245	12,060	12,089	10,626	9,622
Short-Term Debt	7,989	7,989	7,994	5,999	4,999	5,999
Long-Term Debt	214,000	164,123	161,553	165,066	213,530	194,298
Long-Term Deferred Tax Liabilities	74,060	30,340	85,597	4,798	24,026	40,965
Other Long-Term Liabilities	1,429,594	1,298,732	1,161,364	1,465,233	1,607,240	1,246,983
Total Liabilities	15,661,737	15,312,181	15,797,185	15,780,197	16,423,903	16,324,123
Common Stock	207,111	207,111	207,111	207,111	207,111	207,111
Additional Paid-In Capital	-	-	-	64,040	64,000	125,260
Retained Earnings	645,357	607,242	533,841	504,160	670,203	740,329
Treasury Stock	-134,412	-75,106	-26,610	-68,361	-43,013	-58,882
Comprehensive Income & Other	796,769	561,860	689,563	280,219	483,608	531,888
Total Common Equity	1,514,825	1,301,107	1,403,905	987,169	1,381,909	1,545,706
Minority Interest	5,624	5,721	6,020	6,511	7,596	7,449
Shareholders' Equity	1,520,449	1,306,828	1,409,925	993,680	1,389,505	1,553,155
Total Liabilities & Equity	17,182,186	16,619,009	17,207,110	16,773,877	17,813,408	17,877,278
Filing Date Shares Outstanding	494.67	512.09	530	545.83	557.74	590.36
Total Common Shares Outstanding	494.67	512.09	530	547.12	561.11	590.36
Total Debt	221,989	184,357	181,607	183,154	229,155	209,919
Net Cash (Debt)	355,572	594,324	956,002	957,648	661,519	810,327
Net Cash Growth	-60.18%	-37.83%	-0.17%	44.77%	-18.36%	30.74%
Net Cash Per Share	694.41	1135.89	1771.28	1719.72	1136.50	1354.23
Book Value Per Share	3062.27	2540.76	2648.86	1804.31	2462.83	2618.23
Tangible Book Value	1,457,322	1,246,050	1,360,527	952,783	1,346,771	1,512,734
Tangible Book Value Per Share	2946.02	2433.25	2567.02	1741.46	2400.21	2562.38

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.