The Torigoe Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	8,181	8,957	10,373	8,335	8,482	9,876
Short-Term Investments	3,062	3,062	2,261	2,261	2,261	2,261
Cash & Short-Term Investments	11,243	12,019	12,634	10,596	10,743	12,137
Cash Growth	-8.45%	-4.87%	19.23%	-1.37%	-11.49%	16.76%
Receivables	3,672	3,867	3,997	4,074	4,051	3,702
Inventory	5,233	5,811	6,752	6,862	6,795	5,405
Other Current Assets	144	182	158	136	120	119
Total Current Assets	20,292	21,879	23,541	21,668	21,709	21,363
Property, Plant & Equipment	11,958	11,814	10,213	10,219	10,066	10,202
Long-Term Investments	13,075	12,470	11,301	10,053	9,564	8,204
Other Intangible Assets	284	301	329	358	236	243
Long-Term Deferred Tax Assets	-	9	10	6	16	-
Other Long-Term Assets	2	-	2	1	2	1
Total Assets	45,611	46,473	45,396	42,305	41,593	40,013
Accounts Payable	1,295	1,657	1,403	1,353	1,191	1,225
Accrued Expenses	105	21	8	11	19	18
Short-Term Debt	1,526	1,529	1,444	2,190	1,546	1,464
Current Income Taxes Payable	140	286	373	260	340	253
Other Current Liabilities	1,024	1,032	982	976	923	990
Total Current Liabilities	4,090	4,525	4,210	4,790	4,019	3,950
Long-Term Debt	1,137	1,258	1,841	158	1,302	1,904
Pension & Post-Retirement Benefits	22	22	18	17	16	16
Long-Term Deferred Tax Liabilities	-	3,537	3,102	2,595	2,462	2,016
Other Long-Term Liabilities	4,071	338	291	264	252	220
Total Liabilities	9,320	9,680	9,462	7,824	8,051	8,106
Common Stock	2,805	2,805	2,805	2,805	2,805	2,805
Additional Paid-In Capital	2,766	2,766	2,766	2,766	2,766	2,811
Retained Earnings	25,166	26,082	25,918	25,370	24,758	24,152
Treasury Stock	-2,067	-2,067	-2,076	-2,078	-2,081	-2,125
Comprehensive Income & Other	7,588	7,173	6,491	5,591	5,269	4,238
Total Common Equity	36,258	36,759	35,904	34,454	33,517	31,881
Minority Interest	33	34	30	27	25	26
Shareholders' Equity	36,291	36,793	35,934	34,481	33,542	31,907
Total Liabilities & Equity	45,611	46,473	45,396	42,305	41,593	40,013
Total Debt	2,663	2,787	3,285	2,348	2,848	3,368
Net Cash (Debt)	8,580	9,232	9,349	8,248	7,895	8,769
Net Cash Growth	-6.07%	-1.25%	13.35%	4.47%	-9.97%	10.59%
Net Cash Per Share	368.40	396.46	401.61	354.36	339.23	376.78
Filing Date Shares Outstanding	23.29	23.29	23.28	23.28	23.27	23.27
Total Common Shares Outstanding	23.29	23.29	23.28	23.28	23.27	23.27
Working Capital	16,202	17,354	19,331	16,878	17,690	17,413
Book Value Per Share	1556.51	1578.01	1542.27	1480.17	1440.15	1369.85
Tangible Book Value	35,974	36,458	35,575	34,096	33,281	31,638
Tangible Book Value Per Share	1544.32	1565.09	1528.14	1464.79	1430.01	1359.41

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