Musashi 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	22,280	22,291	16,660	20,676	19,485	18,481
Cash & Short-Term Investments	22,280	22,291	16,660	20,676	19,485	18,481
Cash Growth	5.31%	33.80%	-19.42%	6.11%	5.43%	-8.42%
Accounts Receivable	8,734	9,016	8,773	8,805	9,491	8,488
Receivables	8,734	9,016	11,773	8,805	9,491	8,488
Inventory	3,271	3,216	3,480	2,943	2,889	2,952
Other Current Assets	427	320	523	327	594	647
Total Current Assets	34,712	34,843	32,436	32,751	32,459	30,568
Property, Plant & Equipment	3,753	3,767	3,887	3,816	3,954	3,552
Long-Term Investments	11,202	10,814	8,390	6,961	6,595	6,409
Goodwill	-	-	1	20	39	133
Other Intangible Assets	390	204	110	148	199	267
Long-Term Deferred Tax Assets	-	181	205	196	234	382
Other Long-Term Assets	2	2	2	1	1	1
Total Assets	50,059	49,811	45,031	43,893	43,481	41,312
Accounts Payable	6,508	6,371	6,980	7,192	8,046	7,670
Accrued Expenses	204	396	388	386	387	388
Short-Term Debt	3,516	3,516	3,516	3,516	3,516	3,516
Current Income Taxes Payable	320	1,111	67	477	703	29
Other Current Liabilities	1,281	1,425	1,082	1,106	1,481	707
Total Current Liabilities	11,829	12,819	12,033	12,677	14,133	12,310
Pension & Post-Retirement Benefits	1,321	1,280	1,204	1,235	1,140	1,112
Long-Term Deferred Tax Liabilities	-	1,049	769	355	167	176
Other Long-Term Liabilities	1,873	698	828	929	1,018	682
Total Liabilities	15,023	15,846	14,834	15,196	16,458	14,280
Common Stock	1,208	1,208	1,208	1,208	1,208	1,208
Additional Paid-In Capital	2,005	2,005	2,005	2,005	2,005	2,005
Retained Earnings	31,327	30,434	27,348	26,819	25,363	24,590
Treasury Stock	-1,854	-1,854	-1,854	-1,854	-1,854	-1,089
Comprehensive Income & Other	2,350	2,172	1,490	519	301	318
Shareholders' Equity	35,036	33,965	30,197	28,697	27,023	27,032
Total Liabilities & Equity	50,059	49,811	45,031	43,893	43,481	41,312
Total Debt	3,516	3,516	3,516	3,516	3,516	3,516
Net Cash (Debt)	18,764	18,775	13,144	17,160	15,969	14,965
Net Cash Growth	6.37%	42.84%	-23.40%	7.46%	6.71%	-10.20%
Net Cash Per Share	2753.76	2755.36	1928.97	2518.34	2302.00	2050.00
Filing Date Shares Outstanding	6.81	6.81	6.81	6.81	6.81	7.18
Total Common Shares Outstanding	6.81	6.81	6.81	6.81	6.81	7.18
Working Capital	22,883	22,024	20,403	20,074	18,326	18,258
Book Value Per Share	5141.10	4984.33	4431.38	4211.19	3965.54	3763.13
Tangible Book Value	34,646	33,761	30,086	28,529	26,785	26,632
Tangible Book Value Per Share	5083.87	4954.40	4415.09	4186.54	3930.61	3707.44

Source: S&P Global Market Intelligence. Standard template. Financial Sources.