Value HR Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,831	5,488	5,399	5,127	5,094
Short-Term Investments	100	-	-	-	-
Cash & Short-Term Investments	4,931	5,488	5,399	5,127	5,094
Cash Growth	-10.15%	1.65%	5.30%	0.65%	87.35%
Accounts Receivable	940.99	781	811	732	748
Other Receivables	464.09	444	317	288	504
Receivables	1,405	1,225	1,128	1,020	1,252
Inventory	42.84	50	66	46	65
Other Current Assets	195.45	215	157	187	158
Total Current Assets	6,574	6,978	6,750	6,380	6,569
Property, Plant & Equipment	8,786	8,754	8,762	8,864	8,944
Long-Term Investments	1,492	1,277	1,036	974	586
Other Intangible Assets	1,075	772	582	448	366
Long-Term Deferred Tax Assets	35.49	81	102	114	72
Other Long-Term Assets	257.16	2	2	1	2
Total Assets	18,219	17,864	17,234	16,781	16,539
Accounts Payable	186.48	168	147	112	90
Accrued Expenses	96.47	-	-	-	-
Current Portion of Long-Term Debt	349.2	483	507	507	507
Current Portion of Leases	30.21	44	36	38	30
Current Income Taxes Payable	185.09	720	907	653	554
Current Unearned Revenue	521.06	-	-	-	-
Other Current Liabilities	5,055	4,486	3,564	3,506	3,342
Total Current Liabilities	6,423	5,901	5,161	4,816	4,523
Long-Term Debt	4,665	5,014	5,497	6,004	6,511
Long-Term Leases	41.27	71	78	78	76
Other Long-Term Liabilities	189.81	190	179	238	158
Total Liabilities	11,319	11,176	10,915	11,136	11,268
Common Stock	2,035	2,032	2,029	1,574	1,556
Additional Paid-In Capital	2,295	2,256	2,110	1,655	1,538
Retained Earnings	3,347	3,417	3,270	2,866	2,419
Treasury Stock	-1,040	-1,078	-1,088	-336	-241
Comprehensive Income & Other	259.12	58	-5	-118	-5
Total Common Equity	6,897	6,685	6,316	5,641	5,267
Minority Interest	2.87	3	3	4	4
Shareholders' Equity	6,900	6,688	6,319	5,645	5,271
Total Liabilities & Equity	18,219	17,864	17,234	16,781	16,539
Total Debt	5,086	5,612	6,118	6,627	7,124
Net Cash (Debt)	-154.58	-124	-719	-1,500	-2,030
Net Cash Per Share	-5.77	-4.63	-27.42	-57.04	-84.06
Filing Date Shares Outstanding	26.71	26.65	26.36	26.29	26.13
Total Common Shares Outstanding	26.71	26.65	26.5	26.28	26.11
Working Capital	151.28	1,077	1,589	1,564	2,046
Book Value Per Share	258.26	250.88	238.36	214.64	201.76
Tangible Book Value	5,823	5,913	5,734	5,193	4,901
Tangible Book Value Per Share	218.02	221.90	216.40	197.59	187.74
Land	6,374	-	-	-	-
Buildings	3,204	-	-	-	-
Machinery	35.53	-	-	-	-

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