Yamaha 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	118,777	99,819	101,587	103,886	172,495	129,345
Short-Term Investments	5,313	5,197	4,861	-	-	-
Cash & Short-Term Investments	124,090	105,016	106,448	103,886	172,495	129,345
Cash Growth	2.99%	-1.34%	2.47%	-39.77%	33.36%	39.57%
Accounts Receivable	85,079	74,582	74,178	75,354	60,018	57,329
Other Receivables	-	14,774	16,947	5,832	1,355	1,853
Receivables	85,079	89,356	91,125	81,186	61,373	59,182
Inventory	158,371	150,488	164,149	153,569	118,640	96,803
Other Current Assets	10,634	7,073	7,624	7,904	10,168	15,773
Total Current Assets	378,174	351,933	369,346	346,545	362,676	301,103
Property, Plant & Equipment	143,256	141,033	150,667	134,012	124,553	118,373
Long-Term Investments	57,430	54,037	103,452	96,361	82,580	128,041
Goodwill	-	-	1,194	4,626	177	160
Other Intangible Assets	5,059	5,411	6,185	2,982	3,045	2,529
Long-Term Deferred Tax Assets	11,834	11,042	12,229	9,716	7,892	7,407
Long-Term Deferred Charges	-	-	50	-	-	-
Other Long-Term Assets	33,053	27,822	23,714	4	4	3
Total Assets	628,806	591,278	666,837	594,246	580,927	557,616
Accounts Payable	62,097	16,818	17,253	60,574	63,184	56,915
Accrued Expenses	-	5,372	5,330	5,203	4,918	4,868
Short-Term Debt	17,988	5,552	992	1,477	9,055	7,537
Current Portion of Long-Term Debt	-	-	-	11	1,468	442
Current Portion of Leases	5,736	5,167	5,964	5,733	5,727	5,696
Current Income Taxes Payable	2,459	7,691	7,595	2,851	20,260	4,045
Current Unearned Revenue	-	3,765	3,732	-	-	-
Other Current Liabilities	25,884	62,293	64,822	19,291	21,502	21,349
Total Current Liabilities	114,164	106,658	105,688	95,140	126,114	100,852
Long-Term Debt	-	-	-	6	-	387
Long-Term Leases	9,601	9,238	10,977	10,440	11,647	14,465
Pension & Post-Retirement Benefits	12,512	11,706	14,525	14,067	14,544	22,576
Long-Term Deferred Tax Liabilities	9,388	7,286	18,230	11,704	7,954	18,244
Other Long-Term Liabilities	6,234	6,278	5,607	4,946	4,741	4,143
Total Liabilities	151,899	141,166	155,027	136,303	165,000	160,667
Common Stock	28,534	28,534	28,534	28,534	28,534	28,534
Additional Paid-In Capital	1,536	1,785	1,974	1,755	2,114	21,430
Retained Earnings	413,295	438,454	458,299	428,166	397,665	337,923
Treasury Stock	-70,874	-101,642	-96,568	-78,766	-73,288	-65,086
Comprehensive Income & Other	103,063	81,703	118,353	77,148	59,748	73,157
Total Common Equity	475,554	448,834	510,592	456,837	414,773	395,958
Minority Interest	1,353	1,278	1,218	1,106	1,154	991
Shareholders' Equity	476,907	450,112	511,810	457,943	415,927	396,949
Total Liabilities & Equity	628,806	591,278	666,837	594,246	580,927	557,616
Total Debt	33,325	19,957	17,933	17,667	27,897	28,527
Net Cash (Debt)	90,765	85,059	88,515	86,219	144,598	100,818
Net Cash Growth	-12.93%	-3.90%	2.66%	-40.37%	43.43%	66.33%
Net Cash Per Share	199.22	175.69	174.87	167.58	277.89	191.16
Filing Date Shares Outstanding	447.44	453.09	502.8	506.37	514.98	527.39
Total Common Shares Outstanding	447.44	453.09	502.8	511.32	514.63	527.4
Working Capital	264,010	245,275	263,658	251,405	236,562	200,251
Book Value Per Share	1062.84	990.62	1015.50	893.44	805.96	750.78
Tangible Book Value	470,495	443,423	503,213	449,229	411,551	393,269
Tangible Book Value Per Share	1051.53	978.67	1000.82	878.56	799.70	745.68
Land	-	27,285	27,241	-	-	-
Buildings	-	157,930	133,323	-	-	-
Machinery	-	189,438	190,340	-	-	-
Construction In Progress	-	8,748	28,966	-	-	-

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