BroadBand Tower 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	6,370	6,975	7,595	6,157	7,012	5,544
Short-Term Investments	598	-	-	-	-	-
Cash & Short-Term Investments	6,968	6,975	7,595	6,157	7,012	5,544
Cash Growth	-2.18%	-8.16%	23.36%	-12.19%	26.48%	-9.52%
Receivables	1,847	2,030	1,735	1,918	1,680	2,113
Inventory	356	72	173	174	129	441
Other Current Assets	719	613	540	615	511	1,031
Total Current Assets	9,890	9,690	10,043	8,864	9,332	9,129
Property, Plant & Equipment	3,905	4,055	4,384	4,999	5,182	7,767
Long-Term Investments	4,517	4,297	4,141	4,080	4,188	5,220
Goodwill	280	291	334	377	420	510
Other Intangible Assets	801	796	835	1,099	1,329	1,726
Long-Term Deferred Tax Assets	-	51	53	57	70	49
Other Long-Term Assets	1	2	1	2	2	1
Total Assets	19,394	19,182	19,791	19,478	20,523	24,402
Accounts Payable	1,473	933	1,005	1,001	878	1,021
Accrued Expenses	-	-	-	-	-	9
Short-Term Debt	500	500	500	500	500	500
Current Portion of Long-Term Debt	713	713	788	1,005	1,022	1,054
Current Portion of Leases	-	-	-	-	-	10
Current Income Taxes Payable	97	408	370	307	511	1,067
Other Current Liabilities	2,022	2,003	2,027	1,456	1,357	838
Total Current Liabilities	4,805	4,557	4,690	4,269	4,268	4,499
Long-Term Debt	963	1,151	1,646	2,135	3,000	3,498
Long-Term Leases	-	-	-	-	-	6
Pension & Post-Retirement Benefits	99	97	109	102	95	325
Long-Term Deferred Tax Liabilities	-	419	441	407	468	955
Other Long-Term Liabilities	1,233	890	906	900	896	1,756
Total Liabilities	7,100	7,114	7,792	7,813	8,727	11,039
Common Stock	3,478	3,478	3,470	3,461	3,453	3,345
Additional Paid-In Capital	4,067	4,067	4,058	4,037	4,013	3,905
Retained Earnings	1,105	1,098	938	656	676	1,326
Treasury Stock	-87	-87	-87	-87	-87	-87
Comprehensive Income & Other	247	224	278	247	153	998
Total Common Equity	8,810	8,780	8,657	8,314	8,208	9,487
Minority Interest	3,484	3,288	3,342	3,351	3,588	3,876
Shareholders' Equity	12,294	12,068	11,999	11,665	11,796	13,363
Total Liabilities & Equity	19,394	19,182	19,791	19,478	20,523	24,402
Total Debt	2,176	2,364	2,934	3,640	4,522	5,068
Net Cash (Debt)	4,792	4,611	4,661	2,517	2,490	476
Net Cash Growth	6.87%	-1.07%	85.18%	1.08%	423.11%	-
Net Cash Per Share	77.56	75.07	74.90	41.12	40.81	7.95
Filing Date Shares Outstanding	61.46	61.46	61.35	61.24	61.14	59.93
Total Common Shares Outstanding	61.46	61.46	61.35	61.24	61.14	59.93
Working Capital	5,085	5,133	5,353	4,595	5,064	4,630
Book Value Per Share	143.35	142.86	141.10	135.75	134.26	158.31
Tangible Book Value	7,729	7,693	7,488	6,838	6,459	7,251
Tangible Book Value Per Share	125.76	125.17	122.05	111.65	105.65	121.00

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