Toagosei 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	20,317	30,821	39,108	40,366	52,457	48,564
Short-Term Investments	6,000	11,000	17,000	18,000	23,000	25,000
Cash & Short-Term Investments	26,317	41,821	56,108	58,366	75,457	73,564
Cash Growth	-25.79%	-25.46%	-3.87%	-22.65%	2.57%	-4.45%
Accounts Receivable	47,282	52,167	51,055	49,798	48,410	39,721
Receivables	47,282	52,167	51,055	49,798	48,410	39,721
Inventory	25,864	24,734	24,792	25,511	19,387	17,094
Other Current Assets	3,956	4,028	2,905	5,310	1,914	997
Total Current Assets	103,419	122,750	134,860	138,985	145,168	131,376
Property, Plant & Equipment	123,361	111,851	96,532	90,774	78,193	78,301
Long-Term Investments	44,450	41,685	39,252	33,692	33,800	31,303
Other Intangible Assets	4,740	1,666	1,579	1,592	1,669	783
Long-Term Deferred Tax Assets	-	66	61	90	124	67
Other Long-Term Assets	2	2	1	2	1	2
Total Assets	275,972	278,020	272,285	265,135	258,955	241,832
Accounts Payable	16,167	18,740	19,091	19,653	18,391	12,130
Accrued Expenses	772	11	14	16	13	15
Short-Term Debt	2,465	6,209	2,499	2,475	2,477	6,903
Current Portion of Leases	-	197	174	173	148	177
Current Income Taxes Payable	570	2,762	2,281	2,176	3,728	1,618
Other Current Liabilities	16,503	20,834	17,421	13,299	11,980	12,494
Total Current Liabilities	36,477	48,753	41,480	37,792	36,737	33,337
Long-Term Debt	18,240	4,834	8,595	8,590	8,730	4,473
Long-Term Leases	-	1,062	1,077	1,137	140	227
Pension & Post-Retirement Benefits	134	122	119	117	140	151
Long-Term Deferred Tax Liabilities	-	5,675	4,721	2,875	3,306	2,808
Other Long-Term Liabilities	11,772	3,907	3,776	3,819	3,291	3,195
Total Liabilities	66,623	64,353	59,768	54,330	52,344	44,191
Common Stock	20,886	20,886	20,886	20,886	20,886	20,886
Additional Paid-In Capital	14,166	14,166	14,166	15,095	15,046	15,046
Retained Earnings	158,932	157,874	159,562	158,154	153,693	147,893
Treasury Stock	-8,259	-1,375	-786	-1,081	-230	-207
Comprehensive Income & Other	22,512	21,034	17,681	12,914	12,368	9,266
Total Common Equity	208,237	212,585	211,509	205,968	201,763	192,884
Minority Interest	1,112	1,082	1,008	4,837	4,848	4,757
Shareholders' Equity	209,349	213,667	212,517	210,805	206,611	197,641
Total Liabilities & Equity	275,972	278,020	272,285	265,135	258,955	241,832
Total Debt	20,705	12,302	12,345	12,375	11,495	11,780
Net Cash (Debt)	5,612	29,519	43,763	45,991	63,962	61,784
Net Cash Growth	-76.94%	-32.55%	-4.84%	-28.10%	3.52%	-4.98%
Net Cash Per Share	50.88	259.88	369.31	372.91	502.27	473.76
Filing Date Shares Outstanding	108.07	110.27	113.8	119.51	124.81	128.1
Total Common Shares Outstanding	108.07	112.03	116.46	121.11	125.02	128.1
Working Capital	66,942	73,997	93,380	101,193	108,431	98,039
Book Value Per Share	1926.95	1897.59	1816.09	1700.74	1613.89	1505.68
Tangible Book Value	203,497	210,919	209,930	204,376	200,094	192,101
Tangible Book Value Per Share	1883.09	1882.72	1802.53	1687.59	1600.54	1499.57

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