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	4,931	5,488	5,399	5,127	5,094
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	781	811	732	748
Other Receivables	464	444	317	288	504
Receivables	1,404	1,225	1,128	1,020	1,252
Inventory	42	50	66	46	65
Other Current Assets	197	215	157	187	158
Total Current Assets	6,574	6,978	6,750	6,380	6,569
Property, Plant & Equipment	8,785	8,754	8,762	8,864	8,944
Long-Term Investments	1,749	1,277	1,036	974	586
Other Intangible Assets	1,074	772	582	448	366
Long-Term Deferred Tax Assets	35	81	102	114	72
Other Long-Term Assets	2	2	2	1	2
Total Assets	18,219	17,864	17,234	16,781	16,539
Accounts Payable	186	168	147	112	90
Current Portion of Long-Term Debt	349	483	507	507	507
Current Portion of Leases	30	44	36	38	30
Current Income Taxes Payable	877	720	907	653	554
Other Current Liabilities	4,981	4,486	3,564	3,506	3,342
Total Current Liabilities	6,423	5,901	5,161	4,816	4,523
Long-Term Debt	4,664	5,014	5,497	6,004	6,511
Long-Term Leases	41	71	78	78	76
Other Long-Term Liabilities	193	190	179	238	158
Total Liabilities	11,321	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	-1,039	-1,078	-1,088	-336	-241
Comprehensive Income & Other	258	58	-5	-118	-5
Total Common Equity	6,896	6,685	6,316	5,641	5,267
Minority Interest	2	3	3	4	4
Shareholders' Equity	6,898	6,688	6,319	5,645	5,271
Total Liabilities & Equity	18,219	17,864	17,234	16,781	16,539
Total Debt	5,084	5,612	6,118	6,627	7,124
Net Cash (Debt)	-153	-124	-719	-1,500	-2,030
Net Cash Per Share	-5.71	-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	1,077	1,589	1,564	2,046
Book Value Per Share	258.20	250.88	238.36	214.64	201.76
Tangible Book Value	5,822	5,913	5,734	5,193	4,901
Tangible Book Value Per Share	217.99	221.90	216.40	197.59	187.74

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