Sanden Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	16,380	18,130	17,893	22,749	18,620	27,542
Cash & Short-Term Investments	16,380	18,130	17,893	22,749	18,620	27,542
Cash Growth	18.71%	1.32%	-21.35%	22.18%	-32.39%	38.41%
Accounts Receivable	40,096	39,574	31,096	29,746	30,350	24,935
Other Receivables	4,163	4,736	5,838	5,894	7,918	5,687
Receivables	44,259	44,310	36,934	35,640	38,268	30,622
Inventory	37,000	33,459	37,812	31,339	35,610	32,208
Other Current Assets	8,558	7,960	7,997	6,919	9,342	7,828
Total Current Assets	106,197	103,859	100,636	96,647	101,840	98,200
Property, Plant & Equipment	53,587	54,072	49,101	42,657	35,267	33,856
Long-Term Investments	26,537	24,686	23,563	21,369	19,167	18,236
Other Intangible Assets	1,646	1,666	1,586	1,435	1,138	688
Long-Term Deferred Tax Assets	1,417	1,349	572	430	14	206
Other Long-Term Assets	2	1	1	1	2	3
Total Assets	189,386	185,633	175,459	162,539	157,428	151,189
Accounts Payable	43,468	42,032	37,727	38,099	35,737	31,319
Accrued Expenses	1,280	2,530	2,554	1,966	1,692	1,505
Short-Term Debt	73,254	70,927	65,514	56,102	48,381	39,366
Current Portion of Long-Term Debt	461	492	379	300	268	274
Current Portion of Leases	1,441	1,398	1,138	1,498	1,921	2,320
Current Income Taxes Payable	9,328	10,441	12,689	9,947	8,499	9,448
Other Current Liabilities	14,849	14,492	19,791	23,522	26,746	30,143
Total Current Liabilities	144,081	142,312	139,792	131,434	123,244	114,375
Long-Term Debt	6,159	6,265	3,952	822	355	584
Long-Term Leases	2,366	2,616	2,387	3,403	4,408	6,051
Pension & Post-Retirement Benefits	1,777	1,749	1,689	2,118	2,229	2,646
Long-Term Deferred Tax Liabilities	2,465	2,231	1,894	1,821	1,772	1,586
Other Long-Term Liabilities	2,301	2,335	2,164	2,106	2,055	2,113
Total Liabilities	159,149	157,508	151,878	141,704	134,063	127,355
Common Stock	21,783	21,741	21,741	21,741	21,741	21,741
Additional Paid-In Capital	14,080	14,039	14,039	14,081	14,081	14,081
Retained Earnings	-19,866	-20,629	-20,903	-20,125	-16,765	-15,151
Treasury Stock	-532	-532	-532	-531	-531	-565
Comprehensive Income & Other	13,421	12,092	8,282	5,026	3,958	2,794
Total Common Equity	28,886	26,711	22,627	20,192	22,484	22,900
Minority Interest	1,351	1,414	954	643	881	934
Shareholders' Equity	30,237	28,125	23,581	20,835	23,365	23,834
Total Liabilities & Equity	189,386	185,633	175,459	162,539	157,428	151,189
Total Debt	83,681	81,698	73,370	62,125	55,333	48,595
Net Cash (Debt)	-67,301	-63,568	-55,477	-39,376	-36,713	-21,053
Net Cash Per Share	-603.70	-570.37	-497.77	-353.31	-329.43	-270.05
Filing Date Shares Outstanding	111.57	111.95	111.45	111.45	111.45	111.43
Total Common Shares Outstanding	111.57	111.45	111.45	111.45	111.45	111.43
Working Capital	-37,884	-38,453	-39,156	-34,787	-21,404	-16,175
Book Value Per Share	258.89	239.67	203.02	181.17	201.74	205.50
Tangible Book Value	27,240	25,045	21,041	18,757	21,346	22,212
Tangible Book Value Per Share	244.14	224.72	188.79	168.30	191.53	199.33

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