Tokushu Tokai Paper 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	10,479	11,381	13,433	10,298	12,058	13,532
Cash & Short-Term Investments	10,479	11,381	13,433	10,298	12,058	13,532
Cash Growth	-1.06%	-15.28%	30.44%	-14.60%	-10.89%	32.99%
Receivables	26,960	26,653	25,413	25,543	24,111	24,413
Inventory	16,481	14,876	12,954	13,246	10,398	9,609
Other Current Assets	1,853	1,487	2,351	2,392	2,856	924
Total Current Assets	55,773	54,397	54,151	51,479	49,423	48,478
Property, Plant & Equipment	64,285	64,445	59,972	57,108	58,888	60,971
Long-Term Investments	17,559	16,169	15,366	12,173	15,037	16,399
Goodwill	3,057	3,398	2,590	986	1,129	1,271
Other Intangible Assets	414	356	257	286	359	417
Long-Term Deferred Tax Assets	659	670	641	1,313	593	553
Other Long-Term Assets	2,080	1	1	2	1	2
Total Assets	143,827	139,436	132,978	123,347	125,430	128,091
Accounts Payable	9,394	9,388	9,831	10,068	11,020	10,075
Accrued Expenses	369	559	482	436	437	422
Short-Term Debt	12,041	8,976	9,550	10,065	10,615	6,445
Current Portion of Long-Term Debt	6,088	5,649	4,714	3,974	4,878	4,226
Current Income Taxes Payable	627	1,346	740	447	939	1,160
Other Current Liabilities	6,920	8,865	8,273	6,604	7,041	8,530
Total Current Liabilities	35,439	34,783	33,590	31,594	34,930	30,858
Long-Term Debt	13,557	14,546	12,650	10,368	9,299	14,148
Pension & Post-Retirement Benefits	1,138	1,094	1,031	1,421	1,349	1,294
Long-Term Deferred Tax Liabilities	1,748	454	438	446	516	725
Other Long-Term Liabilities	2,617	2,727	1,344	943	776	782
Total Liabilities	54,499	53,604	49,053	44,772	46,870	47,807
Common Stock	11,485	11,485	11,485	11,485	11,485	11,485
Additional Paid-In Capital	3,977	4,487	5,503	5,502	10,922	11,030
Retained Earnings	66,788	64,213	62,140	58,734	56,056	52,476
Treasury Stock	-4,834	-4,723	-5,089	-4,755	-8,961	-5,000
Comprehensive Income & Other	5,369	3,220	2,970	1,265	2,790	3,612
Total Common Equity	82,785	78,682	77,009	72,231	72,292	73,603
Minority Interest	6,543	7,150	6,916	6,344	6,268	6,681
Shareholders' Equity	89,328	85,832	83,925	78,575	78,560	80,284
Total Liabilities & Equity	143,827	139,436	132,978	123,347	125,430	128,091
Total Debt	31,686	29,171	26,914	24,407	24,792	24,819
Net Cash (Debt)	-21,207	-17,790	-13,481	-14,109	-12,734	-11,287
Net Cash Per Share	-608.55	-503.74	-378.41	-392.01	-318.88	-278.82
Filing Date Shares Outstanding	34.85	34.85	36.29	35.68	36.15	40.1
Total Common Shares Outstanding	34.85	34.85	35.39	35.68	36.79	40.1
Working Capital	20,334	19,614	20,561	19,885	14,493	17,620
Book Value Per Share	2375.59	2257.79	2176.31	2024.25	1964.84	1835.68
Tangible Book Value	79,314	74,928	74,162	70,959	70,804	71,915
Tangible Book Value Per Share	2275.99	2150.07	2095.85	1988.60	1924.40	1793.58
Order Backlog	-	2,364	2,315	1,783	2,568	1,914

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