Valqua 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	7,370	7,969	6,386	8,191	8,144	8,099
Cash & Short-Term Investments	7,370	7,969	6,386	8,191	8,144	8,099
Cash Growth	21.12%	24.79%	-22.04%	0.58%	0.56%	21.90%
Accounts Receivable	15,356	16,329	18,228	19,167	17,028	14,344
Other Receivables	-	2,000	1,890	2,002	1,539	1,532
Receivables	15,356	18,329	20,118	21,169	18,567	15,876
Inventory	21,449	19,128	16,220	10,890	7,066	5,210
Other Current Assets	3,563	1,004	1,077	980	1,158	513
Total Current Assets	47,738	46,430	43,801	41,230	34,935	29,698
Property, Plant & Equipment	24,120	22,624	19,772	17,963	17,545	16,494
Long-Term Investments	4,319	6,687	8,649	7,609	5,911	4,808
Goodwill	1,706	-	-	-	-	-
Other Intangible Assets	1,722	1,876	1,930	1,377	1,516	1,425
Long-Term Deferred Tax Assets	-	204	334	326	291	264
Other Long-Term Assets	3,279	2	1	2	2	2
Total Assets	82,884	77,823	74,487	68,507	60,200	52,691
Accounts Payable	6,528	6,710	7,362	8,030	6,648	5,423
Accrued Expenses	472	785	823	777	578	428
Short-Term Debt	6,624	4,952	2,812	1,807	1,463	1,538
Current Portion of Long-Term Debt	1,052	2,000	1,285	401	77	109
Current Portion of Leases	-	212	187	164	188	162
Current Income Taxes Payable	440	1,206	888	1,532	1,094	660
Other Current Liabilities	3,656	2,704	3,203	3,880	3,288	2,444
Total Current Liabilities	18,772	18,569	16,560	16,591	13,336	10,764
Long-Term Debt	10,786	6,662	5,994	3,619	3,632	2,506
Long-Term Leases	-	679	728	725	306	368
Pension & Post-Retirement Benefits	242	373	480	432	472	483
Long-Term Deferred Tax Liabilities	-	659	1,685	1,157	1,184	1,013
Other Long-Term Liabilities	1,890	361	310	308	292	284
Total Liabilities	31,690	27,303	25,757	22,832	19,222	15,418
Common Stock	13,957	13,957	13,957	13,957	13,957	13,957
Additional Paid-In Capital	4,792	4,756	4,631	4,566	4,061	3,980
Retained Earnings	30,403	29,446	27,409	25,399	21,043	17,968
Treasury Stock	-1,859	-1,904	-1,950	-1,996	-1,517	-1,571
Comprehensive Income & Other	3,866	4,231	4,168	3,267	2,184	1,312
Total Common Equity	51,159	50,486	48,215	45,193	39,728	35,646
Minority Interest	35	34	515	482	1,250	1,627
Shareholders' Equity	51,194	50,520	48,730	45,675	40,978	37,273
Total Liabilities & Equity	82,884	77,823	74,487	68,507	60,200	52,691
Total Debt	18,462	14,505	11,006	6,716	5,666	4,683
Net Cash (Debt)	-11,092	-6,536	-4,620	1,475	2,478	3,416
Net Cash Growth	-	-	-	-40.48%	-27.46%	4.53%
Net Cash Per Share	-629.97	-371.49	-262.99	83.43	140.22	193.73
Filing Date Shares Outstanding	17.62	17.6	17.58	17.56	17.68	17.65
Total Common Shares Outstanding	17.62	17.6	17.59	17.55	17.68	17.65
Working Capital	28,966	27,861	27,241	24,639	21,599	18,934
Book Value Per Share	2903.34	2869.18	2741.82	2574.94	2246.80	2019.87
Tangible Book Value	47,731	48,610	46,285	43,816	38,212	34,221
Tangible Book Value Per Share	2708.80	2762.57	2632.07	2496.49	2161.07	1939.12
Order Backlog	-	11,031	10,790	13,930	12,360	7,665

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