RIDE ON EXPRESS HOLDINGS 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	Sep '25 Sep 30, 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	7,042	6,544	7,471	7,142	4,003	5,259
Short-Term Investments	-	-	-	-	1,000	1,000
Cash & Short-Term Investments	7,042	6,544	7,471	7,142	5,003	6,259
Cash Growth	13.00%	-12.41%	4.61%	42.75%	-20.07%	25.33%
Accounts Receivable	950	1,128	1,063	1,030	1,136	1,070
Other Receivables	-	387	505	541	564	527
Receivables	950	1,515	1,568	1,571	1,700	1,597
Inventory	620	393	328	731	330	313
Other Current Assets	675	257	175	156	280	313
Total Current Assets	9,287	8,709	9,542	9,600	7,313	8,482
Property, Plant & Equipment	694	663	640	1,017	1,140	891
Long-Term Investments	3,839	3,188	2,137	2,221	2,287	2,134
Other Intangible Assets	299	304	342	379	473	486
Long-Term Deferred Tax Assets	131	131	316	321	229	319
Other Long-Term Assets	1	1	1	1	2	2
Total Assets	14,251	12,996	12,978	13,539	11,444	12,314
Accounts Payable	991	1,231	1,135	1,282	1,209	1,147
Current Portion of Long-Term Debt	994	610	613	616	389	440
Current Income Taxes Payable	858	1,008	1,269	1,155	1,319	1,883
Other Current Liabilities	453	491	495	541	637	570
Total Current Liabilities	3,296	3,340	3,512	3,594	3,554	4,040
Long-Term Debt	2,315	1,038	1,661	2,263	2	392
Long-Term Deferred Tax Liabilities	76	57	-	-	-	-
Other Long-Term Liabilities	537	533	543	552	534	503
Total Liabilities	6,224	4,968	5,716	6,409	4,090	4,935
Common Stock	1,101	1,091	1,079	1,067	1,055	1,044
Additional Paid-In Capital	1,005	995	982	970	959	948
Retained Earnings	6,873	6,937	6,750	6,677	6,434	5,509
Treasury Stock	-1,700	-1,700	-1,700	-1,700	-1,200	-200
Comprehensive Income & Other	746	703	150	115	105	77
Total Common Equity	8,025	8,026	7,261	7,129	7,353	7,378
Minority Interest	2	2	1	1	1	1
Shareholders' Equity	8,027	8,028	7,262	7,130	7,354	7,379
Total Liabilities & Equity	14,251	12,996	12,978	13,539	11,444	12,314
Total Debt	3,309	1,648	2,274	2,879	391	832
Net Cash (Debt)	3,733	4,896	5,197	4,263	4,612	5,427
Net Cash Growth	-12.72%	-5.79%	21.91%	-7.57%	-15.02%	45.81%
Net Cash Per Share	381.65	501.12	533.20	434.36	441.32	507.51
Filing Date Shares Outstanding	9.8	9.78	9.75	9.73	10.11	10.71
Total Common Shares Outstanding	9.8	9.78	9.75	9.73	10.11	10.71
Working Capital	5,991	5,369	6,030	6,006	3,759	4,442
Book Value Per Share	819.03	820.83	744.38	732.56	727.04	688.71
Tangible Book Value	7,726	7,722	6,919	6,750	6,880	6,892
Tangible Book Value Per Share	788.52	789.74	709.32	693.62	680.27	643.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.