Nichirin 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	22,164	23,619	21,188	20,595	18,354	17,060
Cash & Short-Term Investments	22,164	23,619	21,188	20,595	18,354	17,060
Cash Growth	4.04%	11.47%	2.88%	12.21%	7.58%	33.73%
Receivables	15,104	13,989	13,263	13,670	13,141	12,101
Inventory	14,051	14,268	14,310	12,616	12,236	11,313
Other Current Assets	2,314	2,257	2,390	2,193	1,861	1,686
Total Current Assets	53,633	54,133	51,151	49,074	45,592	42,160
Property, Plant & Equipment	26,966	26,978	26,504	23,074	21,653	20,713
Long-Term Investments	4,077	4,050	4,379	4,846	4,282	4,080
Goodwill	1,426	1,433	-	-	-	-
Other Intangible Assets	752	740	296	312	344	459
Long-Term Deferred Tax Assets	778	779	647	628	667	546
Other Long-Term Assets	2	2	1	2	2	2
Total Assets	87,634	88,115	82,978	77,936	72,540	67,960
Accounts Payable	7,492	9,214	8,834	9,339	8,851	8,337
Accrued Expenses	630	324	309	304	271	188
Short-Term Debt	-	-	-	-	132	333
Current Portion of Long-Term Debt	30	60	231	463	626	679
Current Portion of Leases	257	226	319	278	287	265
Current Income Taxes Payable	832	794	1,074	1,172	975	1,584
Other Current Liabilities	2,478	2,896	2,740	2,574	2,450	2,357
Total Current Liabilities	11,719	13,514	13,507	14,130	13,592	13,743
Long-Term Debt	-	-	60	291	754	1,381
Long-Term Leases	1,861	1,845	907	435	711	882
Pension & Post-Retirement Benefits	3,054	3,045	3,275	3,195	3,135	3,317
Long-Term Deferred Tax Liabilities	853	1,042	934	1,122	1,202	1,166
Other Long-Term Liabilities	570	552	438	417	208	197
Total Liabilities	18,057	19,998	19,121	19,590	19,602	20,686
Common Stock	2,158	2,158	2,158	2,158	2,158	2,158
Additional Paid-In Capital	2,048	2,048	2,023	2,004	1,998	2,001
Retained Earnings	48,799	48,335	45,135	41,293	36,814	33,408
Treasury Stock	-2,836	-2,836	-2,892	-1,881	-661	-440
Comprehensive Income & Other	11,158	10,652	10,348	7,882	5,915	3,590
Total Common Equity	61,327	60,357	56,772	51,456	46,224	40,717
Minority Interest	8,250	7,760	7,085	6,890	6,714	6,557
Shareholders' Equity	69,577	68,117	63,857	58,346	52,938	47,274
Total Liabilities & Equity	87,634	88,115	82,978	77,936	72,540	67,960
Total Debt	2,148	2,131	1,517	1,467	2,510	3,540
Net Cash (Debt)	20,016	21,488	19,671	19,128	15,844	13,520
Net Cash Growth	0.06%	9.24%	2.84%	20.73%	17.19%	46.72%
Net Cash Per Share	1517.63	1629.96	1472.06	1402.94	1122.89	950.26
Filing Date Shares Outstanding	13.19	13.19	13.17	13.46	13.61	14.12
Total Common Shares Outstanding	13.19	13.19	13.17	13.46	13.99	14.12
Working Capital	41,914	40,619	37,644	34,944	32,000	28,417
Book Value Per Share	4648.02	4574.49	4310.47	3822.56	3303.50	2883.76
Tangible Book Value	59,149	58,184	56,476	51,144	45,880	40,258
Tangible Book Value Per Share	4482.95	4409.80	4288.00	3799.38	3278.92	2851.25