Daiwa Balance Sheet

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	1,980	1,897	2,355	2,380	2,043	2,482
Cash & Short-Term Investments	1,980	1,897	2,355	2,380	2,043	2,482
Cash Growth	-5.71%	-19.45%	-1.05%	16.50%	-17.69%	44.22%
Receivables	2,323	1,712	2,131	1,925	1,531	1,732
Inventory	1,667	1,484	1,457	1,447	1,470	1,487
Other Current Assets	841	538	518	443	403	477
Total Current Assets	6,811	5,631	6,461	6,195	5,447	6,178
Property, Plant & Equipment	15,306	15,595	15,915	16,252	16,861	17,547
Long-Term Investments	6,556	5,660	4,834	4,487	4,196	4,161
Other Intangible Assets	327	393	253	53	57	27
Long-Term Deferred Tax Assets	121	122	137	154	171	163
Other Long-Term Assets	2	1	2	2	1	2
Total Assets	29,123	27,402	27,602	27,143	26,733	28,078
Accounts Payable	2,772	2,250	2,772	2,643	2,153	2,614
Accrued Expenses	122	105	94	68	68	57
Short-Term Debt	5,122	5,405	5,238	5,399	5,028	4,161
Current Income Taxes Payable	24	17	16	28	52	108
Other Current Liabilities	9,663	8,906	8,908	9,270	9,849	10,730
Total Current Liabilities	17,703	16,683	17,028	17,408	17,150	17,670
Long-Term Debt	2,077	2,363	3,285	3,321	3,793	4,205
Pension & Post-Retirement Benefits	1,156	1,124	1,311	1,361	1,352	1,399
Long-Term Deferred Tax Liabilities	1,802	1,465	1,105	1,152	991	937
Other Long-Term Liabilities	403	439	391	371	473	692
Total Liabilities	23,141	22,074	23,120	23,613	23,759	24,903
Common Stock	100	100	100	100	3,462	3,462
Additional Paid-In Capital	1,595	1,595	1,595	1,595	1,151	1,151
Retained Earnings	2,077	1,923	1,730	1,078	-2,228	-1,925
Treasury Stock	-595	-595	-595	-595	-594	-594
Comprehensive Income & Other	2,805	2,305	1,652	1,352	1,183	1,081
Total Common Equity	5,982	5,328	4,482	3,530	2,974	3,175
Shareholders' Equity	5,982	5,328	4,482	3,530	2,974	3,175
Total Liabilities & Equity	29,123	27,402	27,602	27,143	26,733	28,078
Total Debt	7,199	7,768	8,523	8,720	8,821	8,366
Net Cash (Debt)	-5,219	-5,871	-6,168	-6,340	-6,778	-5,884
Net Cash Per Share	-930.45	-1046.64	-1099.50	-1130.08	-1208.05	-1048.62
Filing Date Shares Outstanding	5.61	5.61	5.61	5.61	5.61	5.61
Total Common Shares Outstanding	5.61	5.61	5.61	5.61	5.61	5.61
Working Capital	-10,892	-11,052	-10,567	-11,213	-11,703	-11,492
Book Value Per Share	1066.52	949.87	798.99	629.23	530.08	565.85
Tangible Book Value	5,655	4,935	4,229	3,477	2,917	3,148
Tangible Book Value Per Share	1008.22	879.81	753.88	619.79	519.92	561.04

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.