Koken Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,100	2,684	2,531	2,978	2,386	2,187
Cash & Short-Term Investments	3,100	2,684	2,531	2,978	2,386	2,187
Cash Growth	-17.97%	6.04%	-15.01%	24.81%	9.10%	39.83%
Receivables	4,187	5,791	4,847	4,283	4,262	3,856
Inventory	3,092	2,796	2,421	2,308	2,413	1,796
Other Current Assets	265	258	218	209	188	149
Total Current Assets	10,644	11,529	10,017	9,778	9,249	7,988
Property, Plant & Equipment	9,286	9,241	9,277	9,438	9,685	10,052
Long-Term Investments	1,163	1,139	1,056	1,087	1,076	1,026
Other Intangible Assets	68	64	56	48	56	55
Long-Term Deferred Tax Assets	363	469	458	464	500	477
Other Long-Term Assets	1	1	2	2	2	2
Total Assets	21,525	22,443	20,866	20,817	20,568	19,600
Accounts Payable	488	375	341	273	304	239
Accrued Expenses	218	773	658	649	700	614
Short-Term Debt	800	1,900	805	1,425	1,445	1,465
Current Portion of Long-Term Debt	1,624	1,454	1,674	1,394	1,140	1,023
Current Portion of Leases	-	5	8	52	112	147
Current Income Taxes Payable	14	445	387	254	472	321
Other Current Liabilities	859	252	254	275	237	299
Total Current Liabilities	4,003	5,204	4,127	4,322	4,410	4,108
Long-Term Debt	3,036	2,422	2,686	3,170	3,374	3,324
Long-Term Leases	-	9	10	8	60	169
Pension & Post-Retirement Benefits	641	827	833	796	759	720
Other Long-Term Liabilities	193	185	175	169	147	167
Total Liabilities	7,873	8,647	7,831	8,465	8,750	8,488
Common Stock	674	674	674	674	674	674
Additional Paid-In Capital	549	549	549	549	549	542
Retained Earnings	12,324	12,432	11,723	11,177	10,702	10,053
Treasury Stock	-466	-319	-274	-279	-282	-161
Comprehensive Income & Other	571	460	363	231	175	4
Shareholders' Equity	13,652	13,796	13,035	12,352	11,818	11,112
Total Liabilities & Equity	21,525	22,443	20,866	20,817	20,568	19,600
Total Debt	5,460	5,790	5,183	6,049	6,131	6,128
Net Cash (Debt)	-2,360	-3,106	-2,652	-3,071	-3,745	-3,941
Net Cash Per Share	-481.03	-630.91	-536.42	-621.50	-754.51	-787.27
Filing Date Shares Outstanding	4.88	4.84	4.95	4.94	4.94	5.04
Total Common Shares Outstanding	4.88	4.92	4.95	4.94	4.94	5.01
Working Capital	6,641	6,325	5,890	5,456	4,839	3,880
Book Value Per Share	2800.41	2805.62	2635.66	2499.02	2391.85	2219.78
Tangible Book Value	13,584	13,732	12,979	12,304	11,762	11,057
Tangible Book Value Per Share	2786.46	2792.60	2624.33	2489.31	2380.52	2208.80

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