Hoshino Resorts REIT Balance Sheet

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Property, Plant & Equipment	242,620	221,303	218,919	187,977	182,209	169,904
Cash & Equivalents	12,492	13,376	12,120	11,756	11,207	8,826
Accounts Receivable	723	506.95	315.93	259.23	153.59	84
Other Receivables	-	1.7	1,709	105.07	444.03	-
Investment In Debt and Equity Securities	-	567.49	566	564.74	556.91	-
Other Intangible Assets	-	11,903	11,900	11,918	8,454	-
Restricted Cash	626	488.49	496.12	253.36	81.44	81
Other Current Assets	766	603.69	560.55	402.87	338.43	804
Deferred Long-Term Tax Assets	-	0.21	0.38	0.07	1.86	-
Deferred Long-Term Charges	-	23.96	15.86	19.32	12.68	-
Other Long-Term Assets	33	2,140	2,253	2,791	2,504	16
Total Assets	257,260	250,915	248,856	216,047	205,963	179,715
Current Portion of Long-Term Debt	14,048	11,937	12,253	12,970	12,467	9,917
Long-Term Debt	90,000	86,818	83,205	70,379	62,119	58,115
Accounts Payable	1,930	269.77	728.1	267.96	478.56	1,039
Accrued Expenses	38	621.48	82.26	42.74	14.68	11
Current Income Taxes Payable	-	0.65	0.63	0.62	0.67	-
Current Unearned Revenue	-	469.72	401.37	478.47	331.44	-
Other Current Liabilities	882	1,655	1,664	1,422	1,505	819
Other Long-Term Liabilities	3,040	2,959	5,101	3,279	3,206	3,207
Total Liabilities	110,938	105,030	103,916	89,789	80,122	73,558
Common Stock	141,951	141,951	141,951	123,843	123,843	104,702
Retained Earnings	4,371	3,934	2,988	2,414	1,997	1,455
Comprehensive Income & Other	-	-	-	0	0	-
Shareholders' Equity	146,322	145,885	144,940	126,257	125,840	106,157
Total Liabilities & Equity	257,260	250,915	248,856	216,047	205,963	179,715
Total Debt	105,048	99,055	95,939	84,299	74,586	68,482
Net Cash (Debt)	-92,556	-85,679	-83,818	-72,542	-63,379	-59,656
Net Cash Per Share	-157990.15	-146250.83	-154901.39	-141929.33	-128325.10	-133661.65
Filing Date Shares Outstanding	0.59	0.59	0.59	0.51	0.51	0.45
Total Common Shares Outstanding	0.59	0.59	0.59	0.51	0.51	0.45
Book Value Per Share	249767.00	249021.34	247407.53	247022.71	246206.81	235941.15
Tangible Book Value	146,322	133,983	133,040	114,340	117,387	106,157
Tangible Book Value Per Share	249767.00	228704.00	227095.05	223705.94	229667.09	235941.15
Land	-	93,781	92,627	79,878	79,404	-
Buildings	-	151,445	148,222	127,372	119,003	-
Construction In Progress	-	637.44	334.1	64.68	98.61	-