Hokuetsu 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	18,069	27,644	22,140	18,063	30,275	29,846
Cash & Short-Term Investments	18,069	27,644	22,140	18,063	30,275	29,846
Cash Growth	-17.77%	24.86%	22.57%	-40.34%	1.44%	39.58%
Receivables	85,629	77,011	85,813	84,575	67,877	55,351
Inventory	73,887	69,450	67,213	63,665	56,413	47,464
Other Current Assets	6,266	5,381	4,713	4,472	5,743	7,359
Total Current Assets	183,851	179,486	179,879	170,775	160,308	140,020
Property, Plant & Equipment	126,056	121,988	116,511	117,060	115,382	126,448
Long-Term Investments	122,446	112,416	112,239	96,139	96,979	92,092
Other Intangible Assets	3,397	3,232	2,540	2,467	2,406	2,668
Long-Term Deferred Tax Assets	-	1,557	1,513	1,779	1,663	1,621
Other Long-Term Assets	2	1	1	1	3	2
Total Assets	435,752	418,882	415,629	388,444	376,956	363,075
Accounts Payable	30,950	32,375	30,478	29,103	26,699	23,469
Accrued Expenses	-	3,215	3,067	2,833	2,678	2,447
Short-Term Debt	12,942	28,829	34,690	28,464	45,073	24,377
Current Portion of Long-Term Debt	25,000	-	-	10,000	-	20,000
Current Portion of Leases	-	357	357	301	280	293
Current Income Taxes Payable	834	4,735	2,229	3,063	4,445	1,950
Other Current Liabilities	20,209	12,494	11,376	12,101	12,621	12,480
Total Current Liabilities	89,935	82,005	82,197	85,865	91,796	85,016
Long-Term Debt	63,354	60,198	69,718	64,938	53,495	69,142
Long-Term Leases	-	1,246	1,395	1,427	1,563	1,626
Pension & Post-Retirement Benefits	3,426	3,467	3,755	3,806	5,661	6,940
Long-Term Deferred Tax Liabilities	-	1,820	1,979	2,224	2,909	1,209
Other Long-Term Liabilities	8,846	4,277	4,186	4,236	4,560	3,725
Total Liabilities	165,561	153,013	163,230	162,496	159,984	167,658
Common Stock	42,020	42,020	42,020	42,020	42,020	42,020
Additional Paid-In Capital	44,964	44,957	44,953	45,342	45,341	45,341
Retained Earnings	154,325	151,825	140,417	135,489	131,615	112,891
Treasury Stock	-9,555	-9,575	-9,593	-9,625	-9,639	-9,702
Comprehensive Income & Other	37,644	35,901	33,926	12,073	6,991	4,253
Total Common Equity	269,398	265,128	251,723	225,299	216,328	194,803
Minority Interest	793	741	676	649	644	614
Shareholders' Equity	270,191	265,869	252,399	225,948	216,972	195,417
Total Liabilities & Equity	435,752	418,882	415,629	388,444	376,956	363,075
Total Debt	101,296	90,630	106,160	105,130	100,411	115,438
Net Cash (Debt)	-83,227	-62,986	-84,020	-87,067	-70,136	-85,592
Net Cash Per Share	-494.43	-374.21	-499.28	-517.47	-417.05	-509.01
Filing Date Shares Outstanding	168.23	168.79	168.15	168.08	168.05	167.92
Total Common Shares Outstanding	168.23	168.19	168.15	168.08	168.05	167.92
Working Capital	93,916	97,481	97,682	84,910	68,512	55,004
Book Value Per Share	1601.34	1576.35	1497.01	1340.43	1287.27	1160.08
Tangible Book Value	266,001	261,896	249,183	222,832	213,922	192,135
Tangible Book Value Per Share	1581.15	1557.14	1481.90	1325.75	1272.95	1144.20

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