Ushio 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	70,129	61,348	65,651	64,219	81,619	70,418
Short-Term Investments	4,180	2,200	4,120	2,591	12,005	6,167
Cash & Short-Term Investments	74,309	63,548	69,771	66,810	93,624	76,585
Cash Growth	19.91%	-8.92%	4.43%	-28.64%	22.25%	18.00%
Receivables	34,234	38,908	38,070	36,466	32,606	31,308
Inventory	77,657	76,356	92,050	83,454	65,342	57,879
Other Current Assets	11,626	7,748	11,610	11,789	10,136	10,587
Total Current Assets	197,826	186,560	211,501	198,519	201,708	176,359
Property, Plant & Equipment	50,081	49,916	45,854	50,480	46,163	44,822
Long-Term Investments	43,958	52,457	67,354	67,235	59,146	56,364
Goodwill	581	635	780	252	235	335
Other Intangible Assets	4,186	4,470	7,816	2,782	2,755	3,075
Long-Term Deferred Tax Assets	3,254	3,251	4,211	4,333	4,135	1,994
Other Long-Term Assets	15,042	2	2	1	6,939	6,809
Total Assets	314,940	297,304	337,546	323,622	321,096	290,275
Accounts Payable	18,208	15,268	21,648	26,205	21,164	16,356
Accrued Expenses	1,424	2,650	2,693	2,530	2,699	2,021
Short-Term Debt	1,471	1,617	2,455	3,921	2,185	6,058
Current Portion of Long-Term Debt	25,000	1,410	-	-	16,402	3,520
Current Portion of Leases	994	961	940	796	-	-
Current Income Taxes Payable	1,476	4,019	4,362	3,210	3,828	1,056
Current Unearned Revenue	14,588	-	-	-	14,388	-
Other Current Liabilities	13,489	25,471	27,154	25,748	11,727	18,996
Total Current Liabilities	76,650	51,396	59,252	62,410	72,393	48,007
Long-Term Debt	26,500	35,000	26,410	1,410	-	15,056
Long-Term Leases	1,830	2,410	3,046	2,189	-	-
Pension & Post-Retirement Benefits	3,358	3,609	3,813	4,076	4,324	4,384
Long-Term Deferred Tax Liabilities	7,543	3,205	6,706	7,997	7,823	7,005
Other Long-Term Liabilities	1,180	1,175	1,345	1,436	1,357	4,644
Total Liabilities	117,061	96,795	100,572	79,518	85,897	79,096
Common Stock	19,556	19,556	19,556	19,556	19,556	19,556
Additional Paid-In Capital	27,768	27,767	27,767	27,767	27,727	27,727
Retained Earnings	109,586	111,776	140,163	164,332	161,877	152,448
Treasury Stock	-22,183	-7,672	-9,155	-8,733	-9,032	-9,055
Comprehensive Income & Other	63,139	49,072	58,632	41,170	34,987	20,426
Total Common Equity	197,866	200,499	236,963	244,092	235,115	211,102
Minority Interest	13	10	11	12	84	77
Shareholders' Equity	197,879	200,509	236,974	244,104	235,199	211,179
Total Liabilities & Equity	314,940	297,304	337,546	323,622	321,096	290,275
Total Debt	55,795	41,398	32,851	8,316	18,587	24,634
Net Cash (Debt)	18,514	22,150	36,920	58,494	75,037	51,951
Net Cash Growth	-4.47%	-40.01%	-36.88%	-22.05%	44.44%	21.82%
Net Cash Per Share	227.03	228.99	332.81	493.98	622.27	430.95
Filing Date Shares Outstanding	81.55	88.05	102.43	117.68	120.59	120.57
Total Common Shares Outstanding	81.55	88.59	102.43	117.68	120.59	120.57
Working Capital	121,176	135,164	152,249	136,109	129,315	128,352
Book Value Per Share	2426.39	2263.22	2313.47	2074.27	1949.70	1750.82
Tangible Book Value	193,099	195,394	228,367	241,058	232,125	207,692
Tangible Book Value Per Share	2367.93	2205.60	2229.55	2048.48	1924.91	1722.54
Land	8,516	-	-	-	8,630	8,650
Buildings	55,019	-	-	-	47,161	44,919
Machinery	32,130	-	-	-	27,875	26,314
Construction In Progress	1,815	-	-	-	2,708	2,268

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