Daiwa Cycle Balance Sheet

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Cash & Equivalents	1,758	2,220	1,683	501	526
Cash & Short-Term Investments	1,758	2,220	1,683	501	526
Cash Growth	-7.91%	31.91%	235.93%	-4.75%	-
Accounts Receivable	638	483	416	308	325
Other Receivables	-	-	-	-	127
Receivables	638	483	416	308	452
Inventory	3,547	3,195	2,834	2,631	1,941
Prepaid Expenses	-	150	138	119	105
Other Current Assets	225	78	90	89	96
Total Current Assets	6,168	6,126	5,161	3,648	3,120
Property, Plant & Equipment	1,246	998	869	711	620
Long-Term Investments	1,552	1,229	1,092	912	756
Other Intangible Assets	53	74	103	87	103
Long-Term Deferred Tax Assets	-	163	141	158	171
Other Long-Term Assets	2	2	1	1	1
Total Assets	9,021	8,592	7,367	5,517	4,771
Accounts Payable	834	907	844	792	798
Accrued Expenses	102	514	439	399	355
Current Income Taxes Payable	351	691	533	407	148
Other Current Liabilities	1,453	869	727	643	617
Total Current Liabilities	2,740	2,981	2,543	2,241	1,918
Pension & Post-Retirement Benefits	84	74	64	54	45
Other Long-Term Liabilities	9	7	6	7	7
Total Liabilities	2,833	3,062	2,613	2,302	1,970
Common Stock	556	555	549	10	10
Additional Paid-In Capital	546	545	539	-	-
Retained Earnings	5,086	4,429	3,665	3,205	2,791
Comprehensive Income & Other	-	1	1	-	-
Shareholders' Equity	6,188	5,530	4,754	3,215	2,801
Total Liabilities & Equity	9,021	8,592	7,367	5,517	4,771
Net Cash (Debt)	1,758	2,220	1,683	501	526
Net Cash Growth	-7.91%	31.91%	235.93%	-4.75%	-
Net Cash Per Share	624.36	792.40	759.40	250.50	263.00
Filing Date Shares Outstanding	2.75	2.74	2.64	2	2
Total Common Shares Outstanding	2.75	2.74	2.64	2	2
Working Capital	3,428	3,145	2,618	1,407	1,202
Book Value Per Share	2253.85	2020.39	1800.16	1607.50	1400.50
Tangible Book Value	6,135	5,456	4,651	3,128	2,698
Tangible Book Value Per Share	2234.54	1993.36	1761.16	1564.00	1349.00

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