Nireco 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	4,027	4,815	4,354	4,381	4,834	4,679
Short-Term Investments	-	-	30	24	-	-
Cash & Short-Term Investments	4,027	4,815	4,384	4,405	4,834	4,679
Cash Growth	6.70%	9.83%	-0.48%	-8.88%	3.31%	12.61%
Receivables	4,269	3,597	3,202	3,412	3,068	3,568
Inventory	4,618	3,915	3,544	3,062	2,507	1,986
Other Current Assets	101	940	1,217	740	485	170
Total Current Assets	13,015	13,267	12,347	11,619	10,894	10,403
Property, Plant & Equipment	4,084	3,970	3,627	3,255	3,304	2,934
Long-Term Investments	2,401	1,868	2,337	1,804	1,603	1,676
Goodwill	9	23	42	61	80	-
Other Intangible Assets	102	77	134	180	178	207
Long-Term Deferred Tax Assets	107	125	58	45	40	38
Other Long-Term Assets	1	1	1	2	1	1
Total Assets	19,735	19,352	18,573	17,002	16,152	15,324
Accounts Payable	483	506	577	450	610	352
Accrued Expenses	479	615	577	544	416	408
Current Portion of Long-Term Debt	257	16	21	54	163	69
Current Portion of Leases	2	4	5	5	5	4
Current Income Taxes Payable	280	511	427	446	189	129
Other Current Liabilities	514	301	391	341	385	385
Total Current Liabilities	2,015	1,953	1,998	1,840	1,768	1,347
Long-Term Debt	351	116	133	166	220	164
Long-Term Leases	2	5	9	9	14	14
Pension & Post-Retirement Benefits	437	228	258	169	157	118
Long-Term Deferred Tax Liabilities	424	298	291	201	121	125
Other Long-Term Liabilities	107	80	60	13	24	31
Total Liabilities	3,336	2,680	2,749	2,398	2,304	1,799
Common Stock	3,094	3,094	3,084	3,072	3,072	3,072
Additional Paid-In Capital	4,161	4,144	4,134	4,120	4,120	4,120
Retained Earnings	8,559	8,521	7,446	6,795	6,656	6,455
Treasury Stock	-740	-236	-252	-270	-684	-684
Comprehensive Income & Other	1,310	1,129	1,397	873	675	552
Total Common Equity	16,384	16,652	15,809	14,590	13,839	13,515
Minority Interest	15	20	15	14	9	10
Shareholders' Equity	16,399	16,672	15,824	14,604	13,848	13,525
Total Liabilities & Equity	19,735	19,352	18,573	17,002	16,152	15,324
Total Debt	612	141	168	234	402	251
Net Cash (Debt)	3,415	4,674	4,216	4,171	4,432	4,428
Net Cash Growth	-5.85%	10.86%	1.08%	-5.89%	0.09%	18.94%
Net Cash Per Share	455.69	622.70	563.26	559.42	596.02	597.33
Filing Date Shares Outstanding	7.32	7.41	7.38	7.33	7.33	7.33
Total Common Shares Outstanding	7.32	7.41	7.38	7.33	7.33	7.33
Working Capital	11,000	11,314	10,349	9,779	9,126	9,056
Book Value Per Share	2236.91	2246.48	2143.10	1990.56	1888.09	1843.85
Tangible Book Value	16,273	16,552	15,633	14,349	13,581	13,308
Tangible Book Value Per Share	2221.76	2232.99	2119.24	1957.68	1852.89	1815.61
Order Backlog	-	5,164	5,455	5,529	4,377	2,914

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.