Tsugami 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	39,578	27,729	30,495	25,779	18,844	17,207
Cash & Short-Term Investments	39,578	27,729	30,495	25,779	18,844	17,207
Cash Growth	29.34%	-9.07%	18.29%	36.80%	9.51%	57.56%
Accounts Receivable	43,694	40,695	27,980	23,117	27,614	20,428
Other Receivables	-	1,256	1,229	2,515	2,397	1,109
Receivables	43,694	41,951	29,209	25,632	30,011	21,537
Inventory	32,813	32,629	32,730	38,500	32,618	20,774
Prepaid Expenses	-	157	178	198	234	138
Other Current Assets	1,201	333	323	261	329	367
Total Current Assets	117,286	102,799	92,935	90,370	82,036	60,023
Property, Plant & Equipment	19,881	18,539	18,402	16,111	16,106	13,110
Long-Term Investments	-	5,181	5,554	4,811	4,404	4,772
Other Intangible Assets	169	166	359	615	903	1,116
Long-Term Deferred Tax Assets	714	619	461	455	308	253
Other Long-Term Assets	6,604	2	3	2	4	4
Total Assets	144,654	127,306	117,714	112,364	103,761	79,278
Accounts Payable	20,051	17,649	17,546	20,384	22,234	14,797
Accrued Expenses	-	329	313	244	201	192
Short-Term Debt	11,457	11,524	16,816	17,698	13,313	9,579
Current Portion of Leases	-	199	205	196	170	210
Current Income Taxes Payable	3,922	4,001	2,189	1,893	1,853	1,799
Other Current Liabilities	2,021	4,615	2,978	3,274	5,102	3,627
Total Current Liabilities	40,301	38,317	40,047	43,689	42,873	30,204
Long-Term Leases	-	163	183	145	106	123
Pension & Post-Retirement Benefits	1,000	967	903	918	924	893
Long-Term Deferred Tax Liabilities	4,604	3,123	3,555	2,123	1,460	887
Other Long-Term Liabilities	776	622	665	568	558	335
Total Liabilities	46,681	43,192	45,353	47,443	45,921	32,442
Common Stock	12,345	12,345	12,345	12,345	12,345	12,345
Additional Paid-In Capital	1,067	2,878	2,885	3,022	3,222	3,332
Retained Earnings	48,534	39,822	34,065	30,945	25,795	24,362
Treasury Stock	-2,438	-861	-3,008	-2,247	-2,040	-4,371
Comprehensive Income & Other	14,567	8,713	10,318	6,888	6,258	2,561
Total Common Equity	74,075	62,897	56,605	50,953	45,580	38,229
Minority Interest	23,898	21,217	15,756	13,968	12,260	8,607
Shareholders' Equity	97,973	84,114	72,361	64,921	57,840	46,836
Total Liabilities & Equity	144,654	127,306	117,714	112,364	103,761	79,278
Total Debt	11,457	11,886	17,204	18,039	13,589	9,912
Net Cash (Debt)	28,121	15,843	13,291	7,740	5,255	7,295
Net Cash Growth	60.57%	19.20%	71.72%	47.29%	-27.96%	319.49%
Net Cash Per Share	596.06	332.14	274.51	158.24	104.18	138.08
Filing Date Shares Outstanding	46.69	47.4	47.44	48.06	48.18	50.04
Total Common Shares Outstanding	46.69	47.4	47.55	48.18	48.4	50.89
Working Capital	76,985	64,482	52,888	46,681	39,163	29,819
Book Value Per Share	1586.58	1327.02	1190.52	1057.66	941.81	751.14
Tangible Book Value	73,906	62,731	56,246	50,338	44,677	37,113
Tangible Book Value Per Share	1582.96	1323.52	1182.97	1044.89	923.15	729.22

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