Tsuzuki Denki 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	37,166	38,713	38,696	20,877	19,162	15,944
Cash & Short-Term Investments	37,166	38,713	38,696	20,877	19,162	15,944
Cash Growth	5.74%	0.04%	85.35%	8.95%	20.18%	-13.69%
Accounts Receivable	15,854	21,037	20,910	31,365	31,825	31,688
Other Receivables	939	-	-	14	-	98
Receivables	16,793	21,037	20,910	31,379	31,825	31,786
Inventory	7,578	2,601	3,649	11,683	7,483	7,619
Other Current Assets	1,814	2,712	2,674	3,257	2,725	1,391
Total Current Assets	63,351	65,063	65,929	67,196	61,195	56,740
Property, Plant & Equipment	1,870	1,974	2,187	4,504	5,428	6,264
Long-Term Investments	3,662	7,801	7,193	4,603	5,292	6,063
Goodwill	-	-	-	45	135	226
Other Intangible Assets	2,367	2,541	2,286	2,565	2,937	2,741
Long-Term Deferred Tax Assets	2,771	2,667	3,450	4,265	4,204	4,131
Other Long-Term Assets	3,394	2	1	1	3	1
Total Assets	77,430	80,063	81,066	83,207	79,226	76,200
Accounts Payable	9,275	11,560	11,637	17,144	15,307	15,875
Accrued Expenses	1,196	2,105	2,416	2,513	2,303	2,415
Short-Term Debt	4,011	4,607	4,747	4,853	5,137	4,894
Current Portion of Long-Term Debt	-	4,103	7	141	4,291	161
Current Portion of Leases	293	467	605	888	1,267	1,428
Current Income Taxes Payable	893	648	1,726	968	1,268	241
Other Current Liabilities	6,102	5,719	7,324	6,553	5,313	5,023
Total Current Liabilities	21,770	29,209	28,462	33,060	34,886	30,037
Long-Term Debt	4,100	-	4,104	4,111	152	4,443
Long-Term Leases	313	370	726	998	1,658	1,921
Pension & Post-Retirement Benefits	4,101	4,498	5,563	8,826	8,531	7,959
Long-Term Deferred Tax Liabilities	-	-	-	7	7	7
Other Long-Term Liabilities	1,299	1,358	1,348	818	792	662
Total Liabilities	31,583	35,435	40,203	47,820	46,026	45,029
Common Stock	9,812	9,812	9,812	9,812	9,812	9,812
Additional Paid-In Capital	2,581	2,581	2,756	2,581	2,581	2,581
Retained Earnings	33,276	31,901	29,705	25,607	23,018	21,150
Treasury Stock	-870	-985	-2,043	-1,979	-2,257	-2,472
Comprehensive Income & Other	565	846	171	-1,075	-306	-136
Total Common Equity	45,364	44,155	40,401	34,946	32,848	30,935
Minority Interest	483	473	462	441	352	236
Shareholders' Equity	45,847	44,628	40,863	35,387	33,200	31,171
Total Liabilities & Equity	77,430	80,063	81,066	83,207	79,226	76,200
Total Debt	8,717	9,547	10,189	10,991	12,505	12,847
Net Cash (Debt)	28,449	29,166	28,507	9,886	6,657	3,097
Net Cash Growth	11.74%	2.31%	188.36%	48.50%	114.95%	-40.59%
Net Cash Per Share	1566.36	1612.00	1586.10	554.46	377.04	176.95
Filing Date Shares Outstanding	18.21	18.13	18.03	17.94	17.72	17.58
Total Common Shares Outstanding	18.21	18.13	18.02	17.92	17.72	17.57
Working Capital	41,581	35,854	37,467	34,136	26,309	26,703
Book Value Per Share	2491.15	2436.00	2241.81	1950.09	1853.73	1760.89
Tangible Book Value	42,997	41,614	38,115	32,336	29,776	27,968
Tangible Book Value Per Share	2361.17	2295.82	2114.97	1804.44	1680.36	1592.00
Order Backlog	-	20,246	17,895	44,499	33,710	22,467

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.