Pilot Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	38,581	39,977	39,171	46,128	46,515
Short-Term Investments	1,411	-	-	-	-
Cash & Short-Term Investments	39,992	39,977	39,171	46,128	46,515
Cash Growth	0.04%	2.06%	-15.08%	-0.83%	21.41%
Receivables	26,277	25,645	24,157	22,654	22,459
Inventory	38,309	37,010	37,295	32,834	25,920
Other Current Assets	5,667	5,662	6,515	4,990	4,022
Total Current Assets	110,245	108,294	107,138	106,606	98,916
Property, Plant & Equipment	46,202	44,010	37,891	31,023	28,217
Long-Term Investments	8,093	13,506	11,738	8,222	7,209
Goodwill	1,272	1,302	-	-	-
Other Intangible Assets	6,342	6,432	6,328	6,268	6,312
Long-Term Deferred Tax Assets	1,107	3,156	3,371	4,421	2,499
Other Long-Term Assets	6,645	1	2	2	2
Total Assets	179,906	176,701	166,468	156,542	143,155
Accounts Payable	10,743	11,197	12,148	14,354	14,161
Accrued Expenses	4,102	3,983	3,684	3,497	4,606
Short-Term Debt	582	370	1,728	4,441	2,718
Current Portion of Long-Term Debt	166	319	409	8	6,650
Current Income Taxes Payable	1,624	3,159	1,602	4,691	4,898
Other Current Liabilities	10,077	13,720	11,996	9,801	6,093
Total Current Liabilities	27,294	32,748	31,567	36,792	39,126
Long-Term Debt	4,000	166	494	16	41
Pension & Post-Retirement Benefits	1,014	905	851	789	895
Long-Term Deferred Tax Liabilities	428	524	389	85	4
Other Long-Term Liabilities	1,095	780	823	870	741
Total Liabilities	33,831	35,123	34,124	38,552	40,807
Common Stock	2,340	2,340	2,340	2,340	2,340
Additional Paid-In Capital	8,214	7,887	7,923	7,923	7,914
Retained Earnings	143,510	136,126	129,116	119,401	106,389
Treasury Stock	-16,632	-10,734	-10,858	-10,858	-10,871
Comprehensive Income & Other	8,009	4,232	1,887	-2,252	-4,718
Total Common Equity	145,441	139,851	130,408	116,554	101,054
Minority Interest	634	1,727	1,936	1,436	1,294
Shareholders' Equity	146,075	141,578	132,344	117,990	102,348
Total Liabilities & Equity	179,906	176,701	166,468	156,542	143,155
Total Debt	4,748	855	2,631	4,465	9,409
Net Cash (Debt)	35,244	39,122	36,540	41,663	37,106
Net Cash Growth	-9.91%	7.07%	-12.30%	12.28%	55.67%
Net Cash Per Share	926.15	1001.23	926.25	1056.18	940.75
Filing Date Shares Outstanding	37.2	38.54	39.45	39.45	39.44
Total Common Shares Outstanding	37.2	38.54	39.45	39.45	39.44
Working Capital	82,951	75,546	75,571	69,814	59,790
Book Value Per Share	3909.79	3628.72	3305.70	2954.52	2562.01
Tangible Book Value	137,827	132,117	124,080	110,286	94,742
Tangible Book Value Per Share	3705.11	3428.04	3145.29	2795.63	2401.98
Land	7,550	-	-	-	-
Buildings	38,426	-	-	-	-
Machinery	48,623	-	-	-	-
Construction In Progress	3,073	-	-	-	-

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