Shinagawa Refra Co., Ltd. (TYO:5351)

Shinagawa Refra Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	18,948	23,024	19,515	18,318	16,886	13,713
Short-Term Investments	4,678	3,713	1,864	5	-	2,004
Cash & Short-Term Investments	23,626	26,737	21,379	18,323	16,886	15,717
Cash Growth	-0.40%	25.06%	16.68%	8.51%	7.44%	20.92%
Receivables	49,786	43,540	44,057	37,130	38,107	33,737
Inventory	33,461	34,188	30,746	34,109	22,686	21,115
Other Current Assets	3,660	2,499	1,384	1,872	1,061	1,085
Total Current Assets	110,533	106,964	97,566	91,434	78,740	71,654
Property, Plant & Equipment	48,700	46,637	37,516	33,066	29,328	27,740
Long-Term Investments	14,785	12,872	13,945	11,792	10,562	9,996
Goodwill	24,614	14,957	1,603	6,256	-	-
Other Intangible Assets	22,323	13,125	3,621	844	741	519
Long-Term Deferred Tax Assets	607	657	884	508	337	294
Other Long-Term Assets	1	2	2	1	2	2
Total Assets	221,563	195,214	155,137	143,901	119,710	110,205
Accounts Payable	22,186	22,003	19,868	21,410	17,321	13,630
Accrued Expenses	1,746	5,042	4,526	4,151	3,613	3,065
Short-Term Debt	40,169	24,854	19,122	22,066	10,360	13,164
Current Portion of Leases	-	367	76	57	26	30
Current Income Taxes Payable	2,112	3,283	8,169	4,820	5,758	2,549
Other Current Liabilities	10,663	2,408	1,727	2,918	2,322	2,711
Total Current Liabilities	76,876	57,957	53,488	55,422	39,400	35,149
Long-Term Debt	30,197	32,602	8,567	11,957	12,416	468
Long-Term Leases	-	4,093	313	223	52	20
Pension & Post-Retirement Benefits	872	1,069	2,381	2,453	2,479	2,382
Long-Term Deferred Tax Liabilities	-	5,102	2,642	1,632	1,299	906
Other Long-Term Liabilities	12,652	565	780	789	826	947
Total Liabilities	120,597	101,388	68,171	72,476	56,472	39,872
Common Stock	3,300	3,300	3,300	3,300	3,300	3,300
Additional Paid-In Capital	468	466	450	455	419	5,157
Retained Earnings	82,555	80,264	74,178	61,330	54,847	51,089
Treasury Stock	-2,385	-2,432	-2,496	-245	-265	-280
Comprehensive Income & Other	8,466	7,398	7,992	3,275	1,868	1,414
Total Common Equity	92,404	88,996	83,424	68,115	60,169	60,680
Minority Interest	8,562	4,830	3,542	3,310	3,069	9,653
Shareholders' Equity	100,966	93,826	86,966	71,425	63,238	70,333
Total Liabilities & Equity	221,563	195,214	155,137	143,901	119,710	110,205
Total Debt	70,366	61,916	28,078	34,303	22,854	13,682
Net Cash (Debt)	-46,740	-35,179	-6,699	-15,980	-5,968	2,035
Net Cash Per Share	-1024.80	-771.63	-143.99	-341.64	-127.66	43.56
Filing Date Shares Outstanding	45.63	45.6	45.56	46.78	46.76	46.73
Total Common Shares Outstanding	45.63	45.6	45.56	46.78	46.76	46.73
Working Capital	33,657	49,007	44,078	36,012	39,340	36,505
Book Value Per Share	2024.93	1951.52	1830.96	1455.93	1286.89	1298.45
Tangible Book Value	45,467	60,914	78,200	61,015	59,428	60,161
Tangible Book Value Per Share	996.36	1335.74	1716.31	1304.17	1271.05	1287.35
Order Backlog	-	37,048	27,899	28,452	22,714	22,930

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