Nippon Denko 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	6,557	6,024	5,947	7,867	8,911	9,779
Cash & Short-Term Investments	6,557	6,024	5,947	7,867	8,911	9,779
Cash Growth	11.57%	1.29%	-24.41%	-11.72%	-8.88%	1.83%
Receivables	10,250	10,864	11,661	10,905	11,705	19,426
Inventory	27,495	26,140	33,980	30,893	33,606	23,020
Other Current Assets	1,473	1,391	2,383	2,187	2,718	1,229
Total Current Assets	45,775	44,419	53,971	51,852	56,940	53,454
Property, Plant & Equipment	30,406	27,257	27,199	26,919	26,410	23,411
Long-Term Investments	21,180	20,585	13,791	14,267	15,212	10,782
Other Intangible Assets	804	812	543	362	164	139
Long-Term Deferred Tax Assets	313	339	1,327	2,412	1,107	3,171
Other Long-Term Assets	2	2	2	2	1	1
Total Assets	98,480	93,414	102,200	101,015	104,943	95,888
Accounts Payable	3,224	3,436	5,787	4,230	7,621	6,955
Accrued Expenses	730	308	308	245	402	335
Short-Term Debt	6,000	3,501	4,001	2,010	8,424	2,238
Current Portion of Long-Term Debt	2,100	2,100	3,564	3,528	2,558	2,558
Current Portion of Leases	188	183	170	156	156	148
Current Income Taxes Payable	723	394	814	96	819	778
Other Current Liabilities	5,368	4,059	4,173	5,825	4,949	4,269
Total Current Liabilities	18,333	13,981	18,817	16,090	24,929	17,281
Long-Term Debt	4,419	4,378	5,498	8,866	6,192	8,751
Long-Term Leases	3,682	3,663	3,843	4,003	4,144	4,300
Pension & Post-Retirement Benefits	-	-	-	-	-	325
Long-Term Deferred Tax Liabilities	-	-	-	-	5	489
Other Long-Term Liabilities	365	368	365	356	450	418
Total Liabilities	26,799	22,390	28,523	29,315	35,720	31,564
Common Stock	11,120	11,120	11,108	11,096	11,084	11,072
Additional Paid-In Capital	17,484	17,484	17,462	17,450	21,439	21,427
Retained Earnings	39,916	40,228	40,457	38,950	36,244	31,233
Treasury Stock	-3,865	-3,865	-1	-	-3,001	-
Comprehensive Income & Other	7,026	6,057	4,651	4,204	3,420	524
Total Common Equity	71,681	71,024	73,677	71,700	69,186	64,256
Minority Interest	-	-	-	-	37	68
Shareholders' Equity	71,681	71,024	73,677	71,700	69,223	64,324
Total Liabilities & Equity	98,480	93,414	102,200	101,015	104,943	95,888
Total Debt	16,389	13,825	17,076	18,563	21,474	17,995
Net Cash (Debt)	-9,832	-7,801	-11,129	-10,696	-12,563	-8,216
Net Cash Per Share	-75.93	-58.83	-81.08	-77.80	-86.06	-55.96
Filing Date Shares Outstanding	124.79	124.79	137.29	137.22	137.72	146.84
Total Common Shares Outstanding	124.79	124.79	137.29	137.22	139.84	146.85
Working Capital	27,442	30,438	35,154	35,762	32,011	36,173
Book Value Per Share	574.42	569.15	536.65	522.54	494.75	437.58
Tangible Book Value	70,877	70,212	73,134	71,338	69,022	64,117
Tangible Book Value Per Share	567.98	562.65	532.69	519.90	493.58	436.63

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