Toagosei Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	24,518	30,821	39,108	40,366	52,457
Short-Term Investments	7,000	11,000	17,000	18,000	23,000
Cash & Short-Term Investments	31,518	41,821	56,108	58,366	75,457
Cash Growth	-24.64%	-25.46%	-3.87%	-22.65%	2.57%
Accounts Receivable	49,506	52,167	51,055	49,798	48,410
Receivables	49,506	52,167	51,055	49,798	48,410
Inventory	25,469	24,734	24,792	25,511	19,387
Other Current Assets	4,063	4,028	2,905	5,310	1,914
Total Current Assets	110,556	122,750	134,860	138,985	145,168
Property, Plant & Equipment	129,050	111,851	96,532	90,774	78,193
Long-Term Investments	44,443	41,685	39,252	33,692	33,800
Other Intangible Assets	4,723	1,666	1,579	1,592	1,669
Long-Term Deferred Tax Assets	332	66	61	90	124
Other Long-Term Assets	1	2	1	2	1
Total Assets	289,105	278,020	272,285	265,135	258,955
Accounts Payable	16,513	18,740	19,091	19,653	18,391
Accrued Expenses	4	11	14	16	13
Short-Term Debt	6,865	6,209	2,499	2,475	2,477
Current Portion of Leases	203	197	174	173	148
Current Income Taxes Payable	2,543	2,762	2,281	2,176	3,728
Other Current Liabilities	21,248	20,834	17,421	13,299	11,980
Total Current Liabilities	47,376	48,753	41,480	37,792	36,737
Long-Term Debt	13,770	4,834	8,595	8,590	8,730
Long-Term Leases	974	1,062	1,077	1,137	140
Pension & Post-Retirement Benefits	131	122	119	117	140
Long-Term Deferred Tax Liabilities	6,930	5,675	4,721	2,875	3,306
Other Long-Term Liabilities	3,981	3,907	3,776	3,819	3,291
Total Liabilities	73,162	64,353	59,768	54,330	52,344
Common Stock	20,886	20,886	20,886	20,886	20,886
Additional Paid-In Capital	14,166	14,166	14,166	15,095	15,046
Retained Earnings	156,396	157,874	159,562	158,154	153,693
Treasury Stock	-957	-1,375	-786	-1,081	-230
Comprehensive Income & Other	24,316	21,034	17,681	12,914	12,368
Total Common Equity	214,807	212,585	211,509	205,968	201,763
Minority Interest	1,136	1,082	1,008	4,837	4,848
Shareholders' Equity	215,943	213,667	212,517	210,805	206,611
Total Liabilities & Equity	289,105	278,020	272,285	265,135	258,955
Total Debt	21,812	12,302	12,345	12,375	11,495
Net Cash (Debt)	9,706	29,519	43,763	45,991	63,962
Net Cash Growth	-67.12%	-32.55%	-4.84%	-28.10%	3.52%
Net Cash Per Share	88.97	259.88	369.31	372.91	502.27
Filing Date Shares Outstanding	107.47	110.27	113.8	119.51	124.81
Total Common Shares Outstanding	107.47	112.03	116.46	121.11	125.02
Working Capital	63,180	73,997	93,380	101,193	108,431
Book Value Per Share	1998.82	1897.59	1816.09	1700.74	1613.89
Tangible Book Value	210,084	210,919	209,930	204,376	200,094
Tangible Book Value Per Share	1954.88	1882.72	1802.53	1687.59	1600.54

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.