Tsubaki Nakashima 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	34,830	34,633	23,060	23,003	24,119	32,524
Cash & Short-Term Investments	34,830	34,633	23,060	23,003	24,119	32,524
Cash Growth	53.27%	50.19%	0.25%	-4.63%	-25.84%	117.02%
Receivables	19,368	18,587	20,685	22,589	20,930	15,096
Inventory	24,531	25,726	36,078	36,936	35,048	28,021
Other Current Assets	9,852	9,145	5,140	1,697	1,787	1,389
Total Current Assets	88,581	88,091	84,963	84,225	81,884	77,030
Property, Plant & Equipment	35,881	36,224	36,695	34,226	30,763	32,370
Long-Term Investments	275	270	8,455	5,306	4,032	416
Goodwill	-	21,277	36,274	34,254	35,302	39,852
Other Intangible Assets	26,664	5,150	5,237	5,377	5,656	7,026
Long-Term Deferred Tax Assets	601	646	3,097	2,690	2,254	480
Total Assets	152,002	151,658	174,721	166,078	159,891	157,174
Accounts Payable	6,509	6,991	6,366	6,949	7,722	6,551
Accrued Expenses	-	4,784	3,994	3,577	3,389	2,881
Short-Term Debt	53,966	3,000	3,000	3,000	3,000	3,000
Current Portion of Long-Term Debt	-	68,995	8,356	12,973	49,609	9,030
Current Portion of Leases	-	355	259	292	330	275
Current Income Taxes Payable	525	2,195	3,101	3,126	3,878	2,205
Other Current Liabilities	6,041	550	892	2,119	360	868
Total Current Liabilities	67,041	86,870	25,968	32,036	68,288	24,810
Long-Term Debt	39,585	20,849	81,294	74,383	35,378	71,958
Long-Term Leases	-	1,759	608	672	822	726
Pension & Post-Retirement Benefits	1,665	1,742	2,176	2,256	2,320	2,507
Long-Term Deferred Tax Liabilities	2,598	2,451	1,409	1,403	1,650	2,172
Other Long-Term Liabilities	2,805	952	1,758	1,186	1,302	1,632
Total Liabilities	113,694	114,623	113,213	111,936	109,760	103,805
Common Stock	17,117	17,117	17,117	17,117	17,117	17,102
Additional Paid-In Capital	11,365	11,332	11,317	11,617	11,519	11,415
Retained Earnings	-11,728	-12,036	15,486	15,209	17,651	27,844
Treasury Stock	-2,898	-2,901	-2,298	-2,616	-2,616	-1,648
Comprehensive Income & Other	24,452	23,523	19,850	12,780	6,425	-1,378
Total Common Equity	38,308	37,035	61,472	54,107	50,096	53,335
Minority Interest	-	-	36	35	35	34
Shareholders' Equity	38,308	37,035	61,508	54,142	50,131	53,369
Total Liabilities & Equity	152,002	151,658	174,721	166,078	159,891	157,174
Total Debt	93,551	94,958	93,517	91,320	89,139	84,989
Net Cash (Debt)	-58,721	-60,325	-70,457	-68,317	-65,020	-52,465
Net Cash Per Share	-1532.14	-1557.89	-1275.64	-1719.62	-1612.09	-1289.69
Filing Date Shares Outstanding	38.25	38.25	39.84	39.73	39.73	40.55
Total Common Shares Outstanding	38.25	38.25	39.84	39.73	39.73	40.55
Working Capital	21,540	1,221	58,995	52,189	13,596	52,220
Book Value Per Share	1001.40	968.16	1543.02	1361.94	1260.98	1315.22
Tangible Book Value	11,644	10,608	19,961	14,476	9,138	6,457
Tangible Book Value Per Share	304.38	277.31	501.05	364.38	230.01	159.23
Order Backlog	-	1,471	1,491	1,572	2,384	2,822