Rinnai Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	136,836	170,846	147,600	150,883	173,235	186,412
Short-Term Investments	11,220	5,967	8,068	7,737	12,250	18,522
Cash & Short-Term Investments	148,056	176,813	155,668	158,620	185,485	204,934
Cash Growth	-0.64%	13.58%	-1.86%	-14.48%	-9.49%	18.15%
Receivables	103,328	100,411	98,398	83,930	79,144	81,596
Inventory	83,128	78,352	81,652	92,827	64,626	43,090
Other Current Assets	7,751	6,906	5,719	6,143	4,701	2,533
Total Current Assets	342,263	362,482	341,437	341,520	333,956	332,153
Property, Plant & Equipment	150,661	152,293	147,425	118,166	100,598	86,672
Long-Term Investments	32,313	78,388	79,257	78,909	70,221	71,460
Other Intangible Assets	4,543	7,791	3,642	3,743	3,792	3,232
Long-Term Deferred Tax Assets	-	5,631	5,325	4,774	4,299	3,774
Other Long-Term Assets	53,665	1	2	2	1	-
Total Assets	594,551	606,586	577,088	547,114	512,867	497,291
Accounts Payable	25,862	50,803	53,364	64,056	59,726	55,501
Accrued Expenses	4,223	6,653	6,159	5,365	5,162	4,804
Current Income Taxes Payable	5,053	30,982	27,586	28,720	25,013	27,261
Other Current Liabilities	62,278	20,167	19,781	14,727	18,902	11,972
Total Current Liabilities	97,416	108,605	106,890	112,868	108,803	99,538
Pension & Post-Retirement Benefits	8,269	8,313	8,809	8,827	8,769	9,660
Long-Term Deferred Tax Liabilities	-	17,741	16,023	11,497	10,109	10,926
Other Long-Term Liabilities	28,543	10,210	7,929	6,723	6,331	5,849
Total Liabilities	134,228	144,869	139,651	139,915	134,012	125,973
Common Stock	6,484	6,484	6,484	6,484	6,484	6,459
Additional Paid-In Capital	8,304	8,428	8,428	8,428	8,673	8,648
Retained Earnings	358,407	352,932	342,493	334,946	315,593	315,992
Treasury Stock	-10,567	-10,851	-10,936	-12,290	-2,330	-1,881
Comprehensive Income & Other	46,569	48,852	41,305	26,583	14,699	13,111
Total Common Equity	409,197	405,845	387,774	364,151	343,119	342,329
Minority Interest	51,126	55,872	49,663	43,048	35,736	28,989
Shareholders' Equity	460,323	461,717	437,437	407,199	378,855	371,318
Total Liabilities & Equity	594,551	606,586	577,088	547,114	512,867	497,291
Net Cash (Debt)	148,056	176,813	155,668	158,620	185,485	204,934
Net Cash Growth	-0.64%	13.58%	-1.86%	-14.48%	-9.49%	18.15%
Net Cash Per Share	1059.50	1248.56	1078.48	1075.33	1224.63	1329.06
Filing Date Shares Outstanding	138.08	140.64	143.2	146.39	149.4	154.19
Total Common Shares Outstanding	138.08	140.64	143.2	146.39	149.4	154.19
Working Capital	244,847	253,877	234,547	228,652	225,153	232,615
Book Value Per Share	2963.57	2885.71	2707.85	2487.60	2296.58	2220.13
Tangible Book Value	393,548	398,054	384,132	360,408	339,327	339,097
Tangible Book Value Per Share	2850.24	2830.31	2682.42	2462.03	2271.20	2199.17

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.