Naikai Zosen 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	14,971	4,702	14,801	9,315	16,280	7,448
Cash & Short-Term Investments	14,971	4,702	14,801	9,315	16,280	7,448
Cash Growth	15.73%	-68.23%	58.89%	-42.78%	118.58%	-34.48%
Accounts Receivable	6,797	19,993	10,058	12,669	5,884	11,696
Other Receivables	345	1,666	3,089	-	-	-
Receivables	7,142	21,659	13,147	12,669	5,884	11,696
Inventory	2,789	815	629	1,162	476	364
Other Current Assets	1,123	1,275	1,562	3,550	776	2,042
Total Current Assets	26,025	28,451	30,139	26,696	23,416	21,550
Property, Plant & Equipment	11,809	11,758	11,102	11,180	10,714	10,061
Long-Term Investments	1,854	2,226	2,516	2,229	2,535	2,250
Other Intangible Assets	40	50	61	97	140	181
Other Long-Term Assets	1	1	1	2	2	1
Total Assets	39,729	42,486	43,819	40,204	36,807	34,043
Accounts Payable	5,947	6,024	6,028	9,701	9,251	7,756
Accrued Expenses	1,256	1,133	1,034	1,203	931	758
Short-Term Debt	-	800	1,050	1,050	1,050	1,050
Current Portion of Long-Term Debt	1,620	2,255	3,025	3,025	2,995	2,975
Current Income Taxes Payable	697	36	91	220	213	16
Other Current Liabilities	13,642	16,150	15,310	9,689	7,314	6,229
Total Current Liabilities	23,162	26,398	26,538	24,888	21,754	18,784
Long-Term Debt	1,447	2,625	4,880	5,340	5,665	5,960
Pension & Post-Retirement Benefits	1,410	1,410	1,543	1,496	1,426	1,374
Long-Term Deferred Tax Liabilities	825	825	802	802	802	802
Other Long-Term Liabilities	396	371	313	250	368	348
Total Liabilities	27,240	31,629	34,076	32,776	30,015	27,268
Common Stock	1,200	1,200	1,200	1,200	1,200	1,200
Additional Paid-In Capital	672	672	672	672	672	672
Retained Earnings	10,665	9,161	8,313	6,120	5,416	5,273
Treasury Stock	-2,018	-2,018	-2,017	-2,017	-2,016	-2,016
Comprehensive Income & Other	1,970	1,842	1,575	1,453	1,520	1,646
Shareholders' Equity	12,489	10,857	9,743	7,428	6,792	6,775
Total Liabilities & Equity	39,729	42,486	43,819	40,204	36,807	34,043
Total Debt	3,067	5,680	8,955	9,415	9,710	9,985
Net Cash (Debt)	11,904	-978	5,846	-100	6,570	-2,537
Net Cash Growth	61.48%	-	-	-	-	-
Net Cash Per Share	7027.59	-577.33	3451.00	-59.00	3876.11	-1496.76
Filing Date Shares Outstanding	1.7	1.69	1.69	1.7	1.7	1.7
Total Common Shares Outstanding	1.7	1.69	1.69	1.7	1.7	1.7
Working Capital	2,863	2,053	3,601	1,808	1,662	2,766
Book Value Per Share	7362.22	6406.11	5748.26	4382.13	4007.08	3996.51
Tangible Book Value	12,449	10,807	9,682	7,331	6,652	6,594
Tangible Book Value Per Share	7338.64	6376.61	5712.27	4324.91	3924.48	3889.74
Order Backlog	-	100,519	96,642	78,388	65,467	42,944

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