Okayama Paper Industries Balance Sheet

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	2,603	2,866	6,595	4,964	5,029	4,367
Short-Term Investments	1,800	1,600	-	-	-	-
Cash & Short-Term Investments	4,403	4,466	6,595	4,964	5,029	4,367
Cash Growth	-29.10%	-32.28%	32.86%	-1.29%	15.16%	0.18%
Receivables	4,790	4,684	4,252	4,159	3,938	3,480
Inventory	806	914	925	842	734	729
Prepaid Expenses	-	25	28	28	29	27
Other Current Assets	49	51	8	3	4	39
Total Current Assets	10,048	10,140	11,808	9,996	9,734	8,642
Property, Plant & Equipment	2,815	2,779	2,429	2,290	2,394	2,386
Long-Term Investments	4,441	3,668	3,581	2,700	2,740	2,450
Other Intangible Assets	4	4	2	3	6	8
Other Long-Term Assets	2	2	2	1	2	2
Total Assets	17,310	16,593	17,822	14,990	14,876	13,488
Accounts Payable	1,208	1,514	2,426	2,105	2,353	1,949
Accrued Expenses	671	579	702	723	520	368
Short-Term Debt	-	-	-	-	-	84
Current Portion of Leases	-	21	22	23	12	14
Current Income Taxes Payable	604	774	1,235	707	660	500
Other Current Liabilities	118	18	87	68	7	9
Total Current Liabilities	2,601	2,906	4,472	3,626	3,552	2,924
Long-Term Leases	-	17	25	48	24	18
Pension & Post-Retirement Benefits	-	-	500	468	444	455
Long-Term Deferred Tax Liabilities	862	663	526	290	372	333
Other Long-Term Liabilities	51	63	64	25	30	32
Total Liabilities	3,514	3,649	5,587	4,457	4,422	3,762
Common Stock	821	821	821	821	821	821
Additional Paid-In Capital	786	780	773	769	764	757
Retained Earnings	9,876	9,563	8,903	7,829	7,415	6,903
Treasury Stock	-493	-497	-502	-509	-191	-195
Comprehensive Income & Other	2,806	2,277	2,240	1,623	1,645	1,440
Shareholders' Equity	13,796	12,944	12,235	10,533	10,454	9,726
Total Liabilities & Equity	17,310	16,593	17,822	14,990	14,876	13,488
Total Debt	-	38	47	71	36	116
Net Cash (Debt)	4,403	4,428	6,548	4,893	4,993	4,251
Net Cash Growth	-29.10%	-32.38%	33.82%	-2.00%	17.46%	-
Net Cash Per Share	949.01	955.32	1415.76	1002.28	1000.97	854.38
Filing Date Shares Outstanding	4.64	4.64	4.63	4.65	4.99	4.98
Total Common Shares Outstanding	4.64	4.64	4.63	4.65	4.99	4.98
Working Capital	7,447	7,234	7,336	6,370	6,182	5,718
Book Value Per Share	2972.46	2790.64	2641.78	2266.38	2093.05	1952.96
Tangible Book Value	13,792	12,940	12,233	10,530	10,448	9,718
Tangible Book Value Per Share	2971.60	2789.77	2641.35	2265.73	2091.85	1951.35

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