Hoshino Resorts REIT Balance Sheet

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY	FY 2024	FY 2023	FY 2022
Period Ending	Oct '25 Oct 31, 2025	Mar '24 Mar 31, 2024	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022
Property, Plant & Equipment	444,234	-	218,919	187,977	182,209
Cash & Equivalents	25,747	-	12,120	11,756	11,207
Accounts Receivable	889.58	-	315.93	259.23	153.59
Other Receivables	2.5	-	1,709	105.07	444.03
Investment In Debt and Equity Securities	1,132	-	566	564.74	556.91
Other Intangible Assets	23,831	-	11,900	11,918	8,454
Restricted Cash	891.17	-	496.12	253.36	81.44
Other Current Assets	1,161	-	560.55	402.87	338.43
Deferred Long-Term Tax Assets	0.44	-	0.38	0.07	1.86
Deferred Long-Term Charges	49.47	-	15.86	19.32	12.68
Other Long-Term Assets	4,386	-	2,253	2,791	2,504
Total Assets	502,324	-	248,856	216,047	205,963
Current Portion of Long-Term Debt	23,136	-	12,253	12,970	12,467
Long-Term Debt	173,906	-	83,205	70,379	62,119
Accounts Payable	574.85	-	728.1	267.96	478.56
Accrued Expenses	807.9	-	82.26	42.74	14.68
Current Income Taxes Payable	1.29	-	0.63	0.62	0.67
Current Unearned Revenue	904.16	-	401.37	478.47	331.44
Other Current Liabilities	3,154	-	1,664	1,422	1,505
Other Long-Term Liabilities	7,841	-	5,101	3,279	3,206
Total Liabilities	211,405	-	103,916	89,789	80,122
Common Stock	283,903	-	141,951	123,843	123,843
Retained Earnings	7,015	-	2,988	2,414	1,997
Comprehensive Income & Other	-	-	-	0	0
Shareholders' Equity	290,918	-	144,940	126,257	125,840
Total Liabilities & Equity	502,324	-	248,856	216,047	205,963
Total Debt	198,122	-	95,939	84,299	74,586
Net Cash (Debt)	-172,375	-	-83,818	-72,542	-63,379
Net Cash Per Share	-294238.02	-	-154901.39	-141929.33	-128325.10
Filing Date Shares Outstanding	0.59	1.02	0.59	0.51	0.51
Total Common Shares Outstanding	0.59	1.02	0.59	0.51	0.51
Book Value Per Share	496587.91	123659.80	247407.53	247022.71	246206.81
Tangible Book Value	267,087	-	133,040	114,340	117,387
Tangible Book Value Per Share	455909.09	123659.80	227095.05	223705.94	229667.09
Land	187,320	-	92,627	79,878	79,404
Buildings	303,985	-	148,222	127,372	119,003
Construction In Progress	1,655	-	334.1	64.68	98.61

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