The Lead Co. 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	1,606	1,435	1,585	1,578	1,710	1,342
Cash & Short-Term Investments	1,606	1,435	1,585	1,578	1,710	1,342
Cash Growth	-13.75%	-9.46%	0.44%	-7.72%	27.42%	-10.59%
Accounts Receivable	713	785	1,079	1,028	829	1,023
Other Receivables	-	5	11	-	3	32
Receivables	713	790	1,090	1,028	832	1,055
Inventory	299	243	285	302	282	323
Prepaid Expenses	-	18	11	15	16	15
Other Current Assets	184	83	161	316	97	95
Total Current Assets	2,802	2,569	3,132	3,239	2,937	2,830
Property, Plant & Equipment	4,815	4,257	4,220	4,133	4,433	4,793
Long-Term Investments	1,299	1,042	1,191	801	767	825
Other Intangible Assets	2	2	-	2	3	5
Other Long-Term Assets	1	1	1	1	1	2
Total Assets	8,919	7,882	8,555	8,177	8,144	8,460
Accounts Payable	387	292	353	384	245	244
Accrued Expenses	8	30	50	65	29	44
Short-Term Debt	1,645	882	767	709	767	771
Current Portion of Long-Term Debt	-	815	829	727	889	879
Current Portion of Leases	-	75	78	96	128	160
Current Income Taxes Payable	483	406	715	762	676	695
Current Unearned Revenue	-	2	1	1	-	-
Other Current Liabilities	238	14	118	11	8	9
Total Current Liabilities	2,761	2,516	2,911	2,755	2,742	2,802
Long-Term Debt	2,128	1,825	1,701	1,850	1,945	1,832
Long-Term Leases	-	179	254	314	410	517
Pension & Post-Retirement Benefits	93	95	97	61	62	57
Long-Term Deferred Tax Liabilities	-	610	650	534	521	540
Other Long-Term Liabilities	1,398	58	62	65	69	72
Total Liabilities	6,380	5,283	5,675	5,579	5,749	5,820
Common Stock	658	658	658	658	658	658
Additional Paid-In Capital	216	216	214	211	211	211
Retained Earnings	177	422	553	543	371	572
Treasury Stock	-23	-29	-25	-31	-31	-31
Comprehensive Income & Other	1,511	1,332	1,480	1,217	1,186	1,230
Shareholders' Equity	2,539	2,599	2,880	2,598	2,395	2,640
Total Liabilities & Equity	8,919	7,882	8,555	8,177	8,144	8,460
Total Debt	3,773	3,776	3,629	3,696	4,139	4,159
Net Cash (Debt)	-2,167	-2,341	-2,044	-2,118	-2,429	-2,817
Net Cash Per Share	-837.89	-903.72	-792.10	-823.29	-944.18	-1094.99
Filing Date Shares Outstanding	2.59	2.59	2.58	2.57	2.57	2.57
Total Common Shares Outstanding	2.59	2.59	2.58	2.57	2.57	2.57
Working Capital	41	53	221	484	195	28
Book Value Per Share	980.41	1003.68	1114.53	1009.88	930.97	1026.20
Tangible Book Value	2,537	2,597	2,880	2,596	2,392	2,635
Tangible Book Value Per Share	979.63	1002.91	1114.53	1009.10	929.80	1024.26
Order Backlog	-	512	559	735	699	512

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