Kurogane Kosakusho Balance Sheet

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	1,526	907	1,315	658	775
Cash & Short-Term Investments	1,526	907	1,315	658	775
Cash Growth	68.25%	-31.03%	99.85%	-15.10%	23.21%
Receivables	2,140	2,098	2,055	1,375	1,257
Inventory	1,027	1,020	1,120	1,628	2,141
Prepaid Expenses	48	53	50	38	44
Other Current Assets	14	60	35	20	59
Total Current Assets	4,755	4,138	4,575	3,719	4,276
Property, Plant & Equipment	2,386	2,495	2,232	3,247	3,857
Long-Term Investments	1,345	1,396	1,380	1,539	1,418
Other Intangible Assets	55	28	15	13	49
Long-Term Deferred Tax Assets	4	-	-	-	33
Other Long-Term Assets	1	1	1	1	2
Total Assets	8,546	8,058	8,203	8,519	9,635
Accounts Payable	801	1,132	1,155	1,206	1,249
Accrued Expenses	171	168	127	120	103
Short-Term Debt	300	300	300	1,950	2,055
Current Portion of Long-Term Debt	239	236	277	375	572
Current Income Taxes Payable	236	68	557	39	115
Other Current Liabilities	392	128	161	243	319
Total Current Liabilities	2,139	2,032	2,577	3,933	4,413
Long-Term Debt	356	287	275	504	740
Long-Term Leases	43	59	79	26	65
Pension & Post-Retirement Benefits	962	884	825	751	663
Long-Term Deferred Tax Liabilities	177	197	150	371	352
Other Long-Term Liabilities	19	20	17	20	21
Total Liabilities	3,696	3,479	3,923	5,605	6,254
Common Stock	2,998	2,998	2,998	2,998	2,998
Retained Earnings	1,530	1,161	952	-836	-240
Treasury Stock	-189	-158	-158	-157	-157
Comprehensive Income & Other	508	574	480	901	770
Total Common Equity	4,847	4,575	4,272	2,906	3,371
Minority Interest	3	4	8	8	10
Shareholders' Equity	4,850	4,579	4,280	2,914	3,381
Total Liabilities & Equity	8,546	8,058	8,203	8,519	9,635
Total Debt	938	882	931	2,855	3,432
Net Cash (Debt)	588	25	384	-2,197	-2,657
Net Cash Growth	2252.00%	-93.49%	-	-	-
Net Cash Per Share	346.80	14.68	225.42	-1289.72	-1559.74
Filing Date Shares Outstanding	1.67	1.7	1.7	1.7	1.7
Total Common Shares Outstanding	1.67	1.7	1.7	1.7	1.7
Working Capital	2,616	2,106	1,998	-214	-137
Book Value Per Share	2903.84	2685.76	2507.89	1705.93	1978.90
Tangible Book Value	4,792	4,547	4,257	2,893	3,322
Tangible Book Value Per Share	2870.89	2669.32	2499.08	1698.30	1950.14
Order Backlog	-	559.25	555	1,869	2,150

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