H2O Retailing 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	77,241	55,590	68,423	58,670	34,724	49,991
Cash & Short-Term Investments	77,241	55,590	68,423	58,670	34,724	49,991
Cash Growth	24.37%	-18.75%	16.62%	68.96%	-30.54%	92.58%
Accounts Receivable	86,204	74,389	74,048	68,142	59,595	54,124
Other Receivables	11,687	14,351	12,878	8,055	7,398	7,025
Receivables	97,891	88,740	86,926	76,197	66,993	61,149
Inventory	22,696	20,410	20,085	21,234	22,638	23,337
Other Current Assets	6,177	4,776	4,661	5,307	5,370	4,814
Total Current Assets	204,005	169,516	180,095	161,408	129,725	139,291
Property, Plant & Equipment	313,724	318,847	292,828	303,253	301,245	261,386
Long-Term Investments	89,281	173,168	178,190	175,642	180,604	185,832
Goodwill	6,102	7,234	1,183	1,690	2,197	2,704
Other Intangible Assets	40,482	41,145	24,768	18,074	14,246	14,025
Long-Term Deferred Tax Assets	11,372	15,798	22,650	14,901	10,495	11,453
Other Long-Term Assets	76,265	1	-	1	2	1
Total Assets	745,846	730,499	709,212	686,423	654,558	625,945
Accounts Payable	95,924	72,488	78,875	63,674	56,839	48,996
Accrued Expenses	4,596	7,231	7,371	4,849	4,201	3,307
Current Portion of Long-Term Debt	45,250	46,369	10,350	15,350	1,100	46,414
Current Portion of Leases	693	681	713	839	1,267	910
Current Income Taxes Payable	2,614	45,439	35,738	33,272	28,310	28,568
Other Current Liabilities	88,642	61,567	57,601	58,071	55,946	56,336
Total Current Liabilities	246,466	233,775	190,648	176,055	147,663	184,531
Long-Term Debt	112,382	108,242	153,494	163,917	174,282	142,133
Long-Term Leases	8,385	8,892	9,572	10,280	12,248	12,883
Pension & Post-Retirement Benefits	9,281	10,220	12,262	13,235	13,488	13,011
Long-Term Deferred Tax Liabilities	32,621	35,471	32,453	32,001	27,204	24,071
Other Long-Term Liabilities	15,979	20,481	17,636	18,122	18,737	20,041
Total Liabilities	428,627	417,081	416,065	413,610	393,622	396,670
Common Stock	17,796	17,796	17,796	17,796	17,796	17,796
Additional Paid-In Capital	80,617	80,635	94,689	94,882	95,086	92,633
Retained Earnings	179,274	155,564	124,078	105,473	92,299	85,065
Treasury Stock	-19,909	-5,546	-13,768	-11,938	-3,151	-2,732
Comprehensive Income & Other	46,601	52,269	46,346	43,808	35,982	36,509
Total Common Equity	304,379	300,718	269,141	250,021	238,012	229,271
Minority Interest	12,840	12,700	24,006	22,792	22,924	4
Shareholders' Equity	317,219	313,418	293,147	272,813	260,936	229,275
Total Liabilities & Equity	745,846	730,499	709,212	686,423	654,558	625,945
Total Debt	166,710	164,184	174,129	190,386	188,897	202,340
Net Cash (Debt)	-89,469	-108,594	-105,706	-131,716	-154,173	-152,349
Net Cash Per Share	-741.49	-901.31	-907.42	-1083.90	-1237.78	-1231.80
Filing Date Shares Outstanding	115.18	120.57	102.25	115.21	123.21	123.73
Total Common Shares Outstanding	115.18	122.22	115.24	116.39	123.21	123.73
Working Capital	-42,461	-64,259	-10,553	-14,647	-17,938	-45,240
Book Value Per Share	2642.75	2460.49	2335.58	2148.17	1931.73	1852.97
Tangible Book Value	257,795	252,339	243,190	230,257	221,569	212,542
Tangible Book Value Per Share	2238.28	2064.65	2110.38	1978.36	1798.27	1717.77

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