Nippon Carbon 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	15,166	15,180	12,299	14,527	18,322	17,865
Cash & Short-Term Investments	15,166	15,180	12,299	14,527	18,322	17,865
Cash Growth	42.31%	23.43%	-15.34%	-20.71%	2.56%	22.36%
Accounts Receivable	11,576	13,617	13,192	13,569	11,908	11,570
Other Receivables	-	20	27	-	16	-
Receivables	11,576	13,637	13,219	13,569	11,924	11,570
Inventory	20,164	19,643	19,835	18,860	16,516	15,377
Other Current Assets	1,016	622	966	460	784	587
Total Current Assets	47,922	49,082	46,319	47,416	47,546	45,399
Property, Plant & Equipment	22,856	23,250	22,863	19,599	19,502	19,515
Long-Term Investments	11,953	12,457	12,383	10,721	6,458	7,135
Other Intangible Assets	122	137	182	215	240	264
Long-Term Deferred Tax Assets	749	680	599	514	434	378
Other Long-Term Assets	2	1	2	1	1	1
Total Assets	83,604	85,607	82,348	78,466	74,181	72,692
Accounts Payable	4,098	3,504	4,088	4,926	5,416	3,900
Accrued Expenses	1,053	989	805	943	876	783
Short-Term Debt	10,230	10,151	9,016	8,576	8,892	9,180
Current Income Taxes Payable	418	1,887	1,165	1,410	1,271	1,038
Other Current Liabilities	1,569	2,108	3,464	2,068	2,720	2,126
Total Current Liabilities	17,368	18,639	18,538	17,923	19,175	17,027
Long-Term Debt	160	180	196	278	200	1,387
Pension & Post-Retirement Benefits	813	794	734	798	803	831
Long-Term Deferred Tax Liabilities	1,116	1,124	1,570	1,254	274	633
Other Long-Term Liabilities	1,265	1,264	493	532	520	558
Total Liabilities	20,722	22,001	21,531	20,785	20,972	20,436
Common Stock	7,402	7,402	7,402	7,402	7,402	7,402
Additional Paid-In Capital	7,858	7,858	7,858	7,858	7,858	7,857
Retained Earnings	36,490	37,074	34,454	32,586	30,744	29,805
Treasury Stock	-2,117	-1,967	-1,969	-2,012	-2,012	-2,011
Comprehensive Income & Other	3,994	4,026	4,268	3,621	1,570	1,933
Total Common Equity	53,627	54,393	52,013	49,455	45,562	44,986
Minority Interest	9,255	9,213	8,804	8,226	7,647	7,270
Shareholders' Equity	62,882	63,606	60,817	57,681	53,209	52,256
Total Liabilities & Equity	83,604	85,607	82,348	78,466	74,181	72,692
Total Debt	10,390	10,331	9,212	8,854	9,092	10,567
Net Cash (Debt)	4,776	4,849	3,087	5,673	9,230	7,298
Net Cash Growth	381.94%	57.08%	-45.58%	-38.54%	26.47%	179.30%
Net Cash Per Share	432.02	438.55	279.31	513.66	835.78	660.51
Filing Date Shares Outstanding	11.05	11.06	11.06	11.04	11.04	11.04
Total Common Shares Outstanding	11.05	11.06	11.06	11.04	11.04	11.04
Working Capital	30,554	30,443	27,781	29,493	28,371	28,372
Book Value Per Share	4853.64	4919.38	4704.43	4478.04	4125.69	4073.48
Tangible Book Value	53,505	54,256	51,831	49,240	45,322	44,722
Tangible Book Value Per Share	4842.59	4906.99	4687.97	4458.58	4103.96	4049.57

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