Heiwa 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	72,426	77,799	33,865	36,816	42,250	40,307
Short-Term Investments	14,996	14,448	23,848	30,900	24,801	29,776
Cash & Short-Term Investments	87,422	92,247	57,713	67,716	67,051	70,083
Cash Growth	36.43%	59.84%	-14.77%	0.99%	-4.33%	-15.86%
Accounts Receivable	12,323	13,301	11,225	8,095	8,369	8,973
Other Receivables	1,225	-	-	-	-	-
Receivables	13,548	13,301	11,225	8,095	8,369	8,973
Inventory	18,747	19,707	17,525	13,464	9,710	9,936
Other Current Assets	15,471	12,552	10,943	7,347	7,698	12,192
Total Current Assets	135,188	137,807	97,406	96,622	92,828	101,184
Property, Plant & Equipment	751,861	615,521	299,634	293,667	292,451	293,431
Long-Term Investments	9,154	16,957	13,447	15,614	13,120	15,830
Goodwill	141,762	266,252	5,705	5,622	5,748	5,947
Other Intangible Assets	53,396	4,874	3,892	4,152	4,494	4,569
Long-Term Deferred Tax Assets	-	10,185	7,944	8,048	8,422	9,106
Other Long-Term Assets	12,218	2	1	2	2	1
Total Assets	1,103,579	1,051,598	428,029	423,727	417,066	430,070
Accounts Payable	4,952	8,483	11,113	12,041	10,928	10,740
Accrued Expenses	-	2,689	779	828	540	587
Current Portion of Long-Term Debt	38,663	44,433	10,423	31,419	29,543	37,301
Current Income Taxes Payable	3,902	11,145	5,751	3,812	3,639	2,206
Other Current Liabilities	51,252	44,661	22,912	21,359	22,607	16,030
Total Current Liabilities	98,769	111,411	50,978	69,459	67,257	66,864
Long-Term Debt	583,349	583,992	94,276	75,352	83,103	84,153
Pension & Post-Retirement Benefits	5,316	5,425	5,291	5,540	5,278	5,318
Long-Term Deferred Tax Liabilities	-	45,706	12,488	14,860	15,212	16,696
Other Long-Term Liabilities	162,197	60,750	25,811	27,511	29,029	30,797
Total Liabilities	849,631	807,284	188,844	192,722	199,879	203,828
Common Stock	16,755	16,755	16,755	16,755	16,755	16,755
Additional Paid-In Capital	54,864	54,864	54,864	54,863	54,863	54,863
Retained Earnings	182,778	173,612	168,438	159,717	146,922	155,594
Treasury Stock	-1,357	-1,357	-1,356	-1,354	-1,346	-1,343
Comprehensive Income & Other	684	243	484	1,024	-7	373
Total Common Equity	253,724	244,117	239,185	231,005	217,187	226,242
Minority Interest	224	197	-	-	-	-
Shareholders' Equity	253,948	244,314	239,185	231,005	217,187	226,242
Total Liabilities & Equity	1,103,579	1,051,598	428,029	423,727	417,066	430,070
Total Debt	622,012	628,425	104,699	106,771	112,646	121,454
Net Cash (Debt)	-534,590	-536,178	-46,986	-39,055	-45,595	-51,371
Net Cash Per Share	-5420.32	-5436.40	-476.40	-395.97	-462.27	-520.82
Filing Date Shares Outstanding	98.63	98.63	98.63	98.63	98.63	98.63
Total Common Shares Outstanding	98.63	98.63	98.63	98.63	98.63	98.63
Working Capital	36,419	26,396	46,428	27,163	25,571	34,320
Book Value Per Share	2572.56	2475.15	2425.13	2342.17	2202.00	2293.77
Tangible Book Value	58,566	-27,009	229,588	221,231	206,945	215,726
Tangible Book Value Per Share	593.81	-273.85	2327.83	2243.07	2098.16	2187.15
Order Backlog	-	5,482	2,779	6,438	3,820	3,829

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