Hatsuho Shouji Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	6,740	6,160	6,502	5,946	5,418	4,630
Cash & Short-Term Investments	6,740	6,160	6,502	5,946	5,418	4,630
Cash Growth	26.74%	-5.26%	9.35%	9.74%	17.02%	-10.53%
Accounts Receivable	6,649	7,993	8,582	7,993	6,711	6,676
Receivables	6,649	7,993	8,582	7,993	6,711	6,676
Inventory	1,314	1,238	1,319	1,388	1,187	837
Other Current Assets	129	110	146	136	102	143
Total Current Assets	14,832	15,501	16,549	15,463	13,418	12,286
Property, Plant & Equipment	4,564	4,606	4,335	3,780	3,605	3,646
Long-Term Investments	1,456	1,434	1,443	1,400	1,438	1,578
Other Intangible Assets	254	294	345	398	464	528
Long-Term Deferred Tax Assets	-	35	58	67	42	29
Other Long-Term Assets	2	2	1	1	1	1
Total Assets	21,108	21,872	22,731	21,109	18,968	18,068
Accounts Payable	7,665	8,523	9,689	9,595	8,090	7,505
Accrued Expenses	213	136	178	184	112	100
Short-Term Debt	320	320	370	370	370	370
Current Portion of Long-Term Debt	411	411	571	366	487	499
Current Income Taxes Payable	166	271	288	355	332	14
Other Current Liabilities	572	631	682	645	480	434
Total Current Liabilities	9,347	10,292	11,778	11,515	9,871	8,922
Long-Term Debt	228	537	771	262	533	1,020
Pension & Post-Retirement Benefits	33	26	27	265	248	222
Long-Term Deferred Tax Liabilities	-	94	140	143	215	291
Other Long-Term Liabilities	444	332	327	158	143	141
Total Liabilities	10,052	11,281	13,043	12,343	11,010	10,596
Common Stock	885	885	885	885	885	885
Additional Paid-In Capital	1,344	1,334	1,324	1,316	1,316	1,316
Retained Earnings	7,718	7,327	6,533	5,689	4,949	4,538
Treasury Stock	-108	-113	-117	-123	-123	-123
Comprehensive Income & Other	32	26	18	10	11	3
Total Common Equity	9,871	9,459	8,643	7,777	7,038	6,619
Minority Interest	1,185	1,132	1,045	989	920	853
Shareholders' Equity	11,056	10,591	9,688	8,766	7,958	7,472
Total Liabilities & Equity	21,108	21,872	22,731	21,109	18,968	18,068
Total Debt	959	1,268	1,712	998	1,390	1,889
Net Cash (Debt)	5,781	4,892	4,790	4,948	4,028	2,741
Net Cash Growth	46.06%	2.13%	-3.19%	22.84%	46.95%	-6.10%
Net Cash Per Share	1754.62	1487.44	1460.31	1511.68	1230.55	837.30
Filing Date Shares Outstanding	3.3	3.29	3.28	3.27	3.27	3.27
Total Common Shares Outstanding	3.3	3.29	3.28	3.27	3.27	3.27
Working Capital	5,485	5,209	4,771	3,948	3,547	3,364
Book Value Per Share	2991.21	2873.59	2631.56	2375.98	2150.21	2022.04
Tangible Book Value	9,617	9,165	8,298	7,379	6,574	6,091
Tangible Book Value Per Share	2914.24	2784.27	2526.52	2254.39	2008.45	1860.74

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.