Ray Corporation Balance Sheet

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	3,060	2,867	2,830	3,139	3,607
Cash & Short-Term Investments	3,060	2,867	2,830	3,139	3,607
Cash Growth	6.73%	1.31%	-9.84%	-12.97%	19.60%
Receivables	1,859	1,916	2,847	2,976	2,796
Inventory	965	423	262	213	242
Prepaid Expenses	124	109	112	99	95
Other Current Assets	30	41	101	176	22
Total Current Assets	6,038	5,356	6,152	6,603	6,762
Property, Plant & Equipment	3,965	3,138	2,684	2,503	2,568
Long-Term Investments	714	490	399	309	308
Other Intangible Assets	11	12	18	25	40
Long-Term Deferred Tax Assets	171	118	141	135	106
Other Long-Term Assets	2	1	-	2	2
Total Assets	10,906	9,120	9,399	9,582	9,791
Accounts Payable	687	594	894	743	946
Accrued Expenses	513	313	382	337	333
Short-Term Debt	400	600	780	920	1,470
Current Portion of Long-Term Debt	-	-	-	25	50
Current Portion of Leases	62	75	105	181	256
Current Income Taxes Payable	1,134	511	425	1,046	868
Other Current Liabilities	50	60	38	21	22
Total Current Liabilities	2,846	2,153	2,624	3,273	3,945
Long-Term Debt	-	-	-	-	25
Long-Term Leases	100	93	130	166	250
Other Long-Term Liabilities	188	79	95	98	98
Total Liabilities	3,134	2,325	2,849	3,537	4,318
Common Stock	471	471	471	471	471
Additional Paid-In Capital	727	726	726	726	726
Retained Earnings	7,088	5,985	5,451	4,848	4,275
Treasury Stock	-520	-387	-99	-	-
Comprehensive Income & Other	6	-	1	-	1
Total Common Equity	7,772	6,795	6,550	6,045	5,473
Shareholders' Equity	7,772	6,795	6,550	6,045	5,473
Total Liabilities & Equity	10,906	9,120	9,399	9,582	9,791
Total Debt	562	768	1,015	1,292	2,051
Net Cash (Debt)	2,498	2,099	1,815	1,847	1,556
Net Cash Growth	19.01%	15.65%	-1.73%	18.70%	86.12%
Net Cash Per Share	188.89	152.28	127.07	128.90	108.59
Filing Date Shares Outstanding	13.16	13.42	14.02	14.33	14.33
Total Common Shares Outstanding	13.16	13.43	14.09	14.33	14.33
Working Capital	3,192	3,203	3,528	3,330	2,817
Book Value Per Share	590.76	505.93	464.88	421.87	381.96
Tangible Book Value	7,761	6,783	6,532	6,020	5,433
Tangible Book Value Per Share	589.93	505.04	463.61	420.13	379.16
Order Backlog	-	3,012	1,678	1,863	2,151

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