Otsuka 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	260,070	252,058	228,096	228,652	202,248	204,661
Short-Term Investments	-	-	40	40	40	40
Cash & Short-Term Investments	260,070	252,058	228,136	228,692	202,288	204,701
Cash Growth	30.34%	10.49%	-0.24%	13.05%	-1.18%	14.95%
Receivables	245,276	219,416	200,805	155,176	152,322	135,711
Inventory	41,820	55,996	74,418	38,236	44,830	35,027
Other Current Assets	79,053	78,044	65,484	37,690	35,673	25,595
Total Current Assets	626,219	605,514	568,843	459,794	435,113	401,034
Property, Plant & Equipment	35,778	35,800	34,912	34,674	35,835	37,710
Long-Term Investments	23,101	47,224	22,815	26,306	22,678	22,366
Other Intangible Assets	32,857	30,610	20,283	16,065	15,770	15,830
Long-Term Deferred Tax Assets	-	10,050	12,245	10,474	9,692	5,336
Other Long-Term Assets	31,534	2	14,805	14,492	3,928	3,978
Total Assets	749,489	729,200	673,903	561,805	523,016	486,254
Accounts Payable	193,256	186,589	162,266	105,485	99,517	91,938
Accrued Expenses	14,855	5,697	5,261	4,480	3,885	3,806
Short-Term Debt	4,300	4,300	4,300	4,400	4,400	4,800
Current Portion of Long-Term Debt	1,700	1,700	-	-	1,700	-
Current Portion of Leases	-	-	666	883	927	865
Current Income Taxes Payable	7,800	16,807	13,790	9,495	9,077	8,769
Current Unearned Revenue	-	-	17,762	16,443	16,139	-
Other Current Liabilities	123,246	107,717	85,647	62,077	55,038	60,104
Total Current Liabilities	345,157	322,810	289,692	203,263	190,683	170,282
Long-Term Debt	-	-	1,700	1,700	-	1,700
Long-Term Leases	-	1,182	861	1,204	1,413	1,485
Pension & Post-Retirement Benefits	4,518	4,473	5,308	7,605	7,081	9,908
Other Long-Term Liabilities	2,204	1,148	1,099	1,084	1,109	1,107
Total Liabilities	351,879	329,613	298,660	214,856	200,286	184,482
Common Stock	10,374	10,374	10,374	10,374	10,374	10,374
Additional Paid-In Capital	16,254	16,254	16,254	16,254	16,254	16,254
Retained Earnings	355,950	356,326	339,422	311,537	288,660	272,834
Treasury Stock	-143	-143	-143	-141	-140	-139
Comprehensive Income & Other	9,899	11,512	4,889	5,087	4,239	-581
Total Common Equity	392,334	394,323	370,796	343,111	319,387	298,742
Minority Interest	5,276	5,264	4,447	3,838	3,343	3,030
Shareholders' Equity	397,610	399,587	375,243	346,949	322,730	301,772
Total Liabilities & Equity	749,489	729,200	673,903	561,805	523,016	486,254
Total Debt	6,000	7,182	7,527	8,187	8,440	8,850
Net Cash (Debt)	254,070	244,876	220,609	220,505	193,848	195,851
Net Cash Growth	31.28%	11.00%	0.05%	13.75%	-1.02%	15.77%
Net Cash Per Share	667.46	645.77	581.77	581.50	511.20	516.48
Filing Date Shares Outstanding	379.2	379.2	379.2	379.2	379.2	379.2
Total Common Shares Outstanding	379.2	379.2	379.2	379.2	379.2	379.2
Working Capital	281,062	282,704	279,151	256,531	244,430	230,752
Book Value Per Share	1034.63	1039.88	977.83	904.83	842.26	787.82
Tangible Book Value	359,477	363,713	350,513	327,046	303,617	282,912
Tangible Book Value Per Share	947.98	959.16	924.35	862.46	800.67	746.07
Land	-	-	14,448	14,448	14,797	15,092
Buildings	-	-	50,418	49,925	52,879	52,827

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