Choei Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	11,966	11,859	10,104	7,436	8,416
Cash & Short-Term Investments	11,966	11,859	10,104	7,436	8,416
Cash Growth	0.90%	17.37%	35.88%	-11.64%	21.04%
Receivables	336	332	339	324	350
Inventory	76	34	43	56	44
Prepaid Expenses	99	78	62	41	27
Other Current Assets	141	71	85	109	73
Total Current Assets	12,618	12,374	10,633	7,966	8,910
Property, Plant & Equipment	60,097	53,993	49,596	48,559	44,207
Long-Term Investments	286	297	310	243	247
Other Intangible Assets	14	20	28	51	55
Long-Term Deferred Tax Assets	-	-	82	31	151
Other Long-Term Assets	1	1	2	1	1
Total Assets	73,016	66,685	60,651	56,851	53,571
Accounts Payable	317	240	245	243	242
Accrued Expenses	257	261	199	159	137
Short-Term Debt	360	-	-	-	-
Current Portion of Long-Term Debt	2,003	1,804	1,818	1,899	1,731
Current Portion of Leases	47	35	30	13	27
Current Income Taxes Payable	339	585	1,103	147	990
Current Unearned Revenue	65	65	65	65	65
Other Current Liabilities	1,300	1,137	1,048	922	904
Total Current Liabilities	4,688	4,127	4,508	3,448	4,096
Long-Term Debt	52,519	46,953	42,362	40,247	37,067
Long-Term Leases	105	110	25	59	36
Pension & Post-Retirement Benefits	988	1,062	1,025	996	956
Long-Term Deferred Tax Liabilities	124	164	-	-	-
Other Long-Term Liabilities	2,290	2,337	2,472	2,619	2,632
Total Liabilities	60,714	54,753	50,392	47,369	44,787
Common Stock	714	714	714	714	709
Additional Paid-In Capital	797	797	797	797	801
Retained Earnings	10,971	10,535	8,946	8,151	7,273
Treasury Stock	-180	-114	-198	-181	-
Comprehensive Income & Other	-	-	-	1	1
Shareholders' Equity	12,302	11,932	10,259	9,482	8,784
Total Liabilities & Equity	73,016	66,685	60,651	56,851	53,571
Total Debt	55,034	48,902	44,235	42,218	38,861
Net Cash (Debt)	-43,068	-37,043	-34,131	-34,782	-30,445
Net Cash Per Share	-9705.44	-8347.13	-7719.15	-7766.80	-7719.43
Filing Date Shares Outstanding	4.38	4.4	4.31	4.38	4.46
Total Common Shares Outstanding	4.38	4.4	4.31	4.38	4.46
Working Capital	7,930	8,247	6,125	4,518	4,814
Book Value Per Share	2808.72	2711.51	2380.81	2164.43	1971.29
Tangible Book Value	12,288	11,912	10,231	9,431	8,729
Tangible Book Value Per Share	2805.52	2706.97	2374.31	2152.79	1958.95