KEIWA Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	8,000	9,936	7,148	6,287	9,027	3,993
Short-Term Investments	1,498	1,499	1,500	4,000	-	-
Cash & Short-Term Investments	9,498	11,435	8,648	10,287	9,027	3,993
Cash Growth	-1.71%	32.23%	-15.93%	13.96%	126.07%	42.15%
Receivables	3,758	4,309	4,932	4,459	5,313	3,322
Inventory	2,196	1,918	1,971	2,262	2,507	1,554
Other Current Assets	1,123	1,241	786	916	1,151	609
Total Current Assets	16,575	18,903	16,337	17,924	17,998	9,478
Property, Plant & Equipment	12,592	12,190	12,146	10,462	10,121	7,523
Long-Term Investments	167.3	216	208	199	235	443
Other Intangible Assets	334.11	383	469	525	84	62
Long-Term Deferred Tax Assets	-	317	105	221	331	147
Other Long-Term Assets	232.8	-	2	1	2	2
Total Assets	29,902	32,009	29,267	29,332	28,771	17,655
Accounts Payable	1,301	2,360	2,481	2,457	3,530	2,913
Accrued Expenses	127.72	-	-	-	-	-
Short-Term Debt	-	385	451	189	2,254	907
Current Portion of Long-Term Debt	850.18	1,566	1,172	1,244	1,373	1,292
Current Income Taxes Payable	67.02	2,023	1,255	2,316	1,853	603
Other Current Liabilities	2,809	667	483	450	528	451
Total Current Liabilities	5,155	7,001	5,842	6,656	9,538	6,166
Long-Term Debt	1,472	1,526	2,714	3,398	4,642	3,901
Pension & Post-Retirement Benefits	252.9	247	241	241	259	274
Other Long-Term Liabilities	225.81	279	113	130	186	101
Total Liabilities	7,106	9,053	8,910	10,425	14,625	10,442
Common Stock	3,890	3,889	3,881	3,871	3,864	1,700
Additional Paid-In Capital	3,658	3,658	3,649	3,640	3,633	1,469
Retained Earnings	15,371	14,514	12,205	10,944	6,324	3,873
Comprehensive Income & Other	822.63	895	622	452	325	171
Shareholders' Equity	22,796	22,956	20,357	18,907	14,146	7,213
Total Liabilities & Equity	29,902	32,009	29,267	29,332	28,771	17,655
Total Debt	2,322	3,477	4,337	4,831	8,269	6,100
Net Cash (Debt)	7,176	7,958	4,311	5,456	758	-2,107
Net Cash Growth	10.66%	84.60%	-20.99%	619.79%	-	-
Net Cash Per Share	387.99	412.77	223.76	283.37	42.67	-129.95
Filing Date Shares Outstanding	18.5	18.48	19.27	19.26	19.25	17.6
Total Common Shares Outstanding	18.5	19.28	19.27	19.26	19.23	17.6
Working Capital	11,420	11,902	10,495	11,268	8,460	3,312
Book Value Per Share	1232.52	1190.43	1056.42	981.83	735.58	409.82
Tangible Book Value	22,462	22,573	19,888	18,382	14,062	7,151
Tangible Book Value Per Share	1214.45	1170.57	1032.08	954.57	731.21	406.29
Order Backlog	-	2,505	4,602	2,932	3,576	1,652

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.