Toagosei 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	20,517	24,518	30,821	39,108	40,366	52,457
Short-Term Investments	4,000	7,000	11,000	17,000	18,000	23,000
Cash & Short-Term Investments	24,517	31,518	41,821	56,108	58,366	75,457
Cash Growth	-13.99%	-24.64%	-25.46%	-3.87%	-22.65%	2.57%
Accounts Receivable	46,529	49,506	52,167	51,055	49,798	48,410
Receivables	46,529	49,506	52,167	51,055	49,798	48,410
Inventory	26,264	25,469	24,734	24,792	25,511	19,387
Other Current Assets	5,108	4,063	4,028	2,905	5,310	1,914
Total Current Assets	102,418	110,556	122,750	134,860	138,985	145,168
Property, Plant & Equipment	130,441	129,050	111,851	96,532	90,774	78,193
Long-Term Investments	46,485	44,443	41,685	39,252	33,692	33,800
Other Intangible Assets	4,763	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	1	2	1	2	1
Total Assets	284,108	289,105	278,020	272,285	265,135	258,955
Accounts Payable	16,119	16,513	18,740	19,091	19,653	18,391
Accrued Expenses	803	4	11	14	16	13
Short-Term Debt	6,865	6,865	6,209	2,499	2,475	2,477
Current Portion of Leases	-	203	197	174	173	148
Current Income Taxes Payable	887	2,543	2,762	2,281	2,176	3,728
Other Current Liabilities	19,165	21,248	20,834	17,421	13,299	11,980
Total Current Liabilities	43,839	47,376	48,753	41,480	37,792	36,737
Long-Term Debt	13,770	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	132	131	122	119	117	140
Long-Term Deferred Tax Liabilities	-	6,930	5,675	4,721	2,875	3,306
Other Long-Term Liabilities	12,393	3,981	3,907	3,776	3,819	3,291
Total Liabilities	70,134	73,162	64,353	59,768	54,330	52,344
Common Stock	20,886	20,886	20,886	20,886	20,886	20,886
Additional Paid-In Capital	14,192	14,166	14,166	14,166	15,095	15,046
Retained Earnings	155,672	156,396	157,874	159,562	158,154	153,693
Treasury Stock	-3,084	-957	-1,375	-786	-1,081	-230
Comprehensive Income & Other	25,140	24,316	21,034	17,681	12,914	12,368
Total Common Equity	212,806	214,807	212,585	211,509	205,968	201,763
Minority Interest	1,168	1,136	1,082	1,008	4,837	4,848
Shareholders' Equity	213,974	215,943	213,667	212,517	210,805	206,611
Total Liabilities & Equity	284,108	289,105	278,020	272,285	265,135	258,955
Total Debt	20,635	21,812	12,302	12,345	12,375	11,495
Net Cash (Debt)	3,882	9,706	29,519	43,763	45,991	63,962
Net Cash Growth	-77.79%	-67.12%	-32.55%	-4.84%	-28.10%	3.52%
Net Cash Per Share	35.94	88.97	259.88	369.31	372.91	502.27
Filing Date Shares Outstanding	106.71	107.29	110.27	113.8	119.51	124.81
Total Common Shares Outstanding	106.71	107.29	112.03	116.46	121.11	125.02
Working Capital	58,579	63,180	73,997	93,380	101,193	108,431
Book Value Per Share	1994.19	2002.19	1897.59	1816.09	1700.74	1613.89
Tangible Book Value	208,043	210,084	210,919	209,930	204,376	200,094
Tangible Book Value Per Share	1949.56	1958.17	1882.72	1802.53	1687.59	1600.54

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