Land Business Balance Sheet

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2010
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '10 Sep 30, 2010
Cash & Equivalents	5,311	7,551	6,073	10,712	10,866	5,431
Short-Term Investments	-	-	-	-	-	119
Cash & Short-Term Investments	5,311	7,551	6,073	10,712	10,866	5,550
Cash Growth	-9.52%	24.34%	-43.31%	-1.42%	95.77%	5.30%
Receivables	886	654	660	106	39	35.77
Inventory	30,788	30,437	33,460	6,958	30	14,552
Prepaid Expenses	-	-	-	-	-	168.74
Other Current Assets	300	367	661	237	103	333.51
Total Current Assets	37,285	39,009	40,854	18,013	11,038	20,657
Property, Plant & Equipment	13,231	12,601	6,970	33,165	40,878	20,582
Long-Term Investments	2,321	2,245	1,987	888	805	9.53
Goodwill	843	865	448	323	17	-
Other Intangible Assets	1,655	1,685	1,771	1,486	1,472	753.74
Long-Term Deferred Tax Assets	-	-	-	-	-	130.41
Other Long-Term Assets	2	3	2	2	2	714.94
Total Assets	55,337	56,408	52,032	53,877	54,212	42,847
Accounts Payable	935	595	745	62	50	67.03
Accrued Expenses	-	28	26	15	9	91.53
Short-Term Debt	2,654	2,794	1,822	600	900	220
Current Portion of Long-Term Debt	2,081	2,062	2,061	3,351	1,556	6,810
Current Portion of Leases	-	20	-	-	7	-
Current Income Taxes Payable	26	352	449	222	24	58.29
Other Current Liabilities	1,602	1,480	1,361	2,006	851	495.09
Total Current Liabilities	7,298	7,331	6,464	6,256	3,397	7,742
Long-Term Debt	28,170	28,483	25,780	25,845	29,118	17,032
Long-Term Leases	-	77	1	-	40	-
Pension & Post-Retirement Benefits	119	366	360	344	249	19.13
Long-Term Deferred Tax Liabilities	-	1,954	1,174	835	811	-
Other Long-Term Liabilities	4,058	2,127	1,754	1,879	2,134	2,522
Total Liabilities	39,645	40,338	35,533	35,159	35,749	27,314
Common Stock	4,969	4,969	4,969	4,969	4,969	4,969
Additional Paid-In Capital	5,099	5,099	5,099	5,099	5,099	5,099
Retained Earnings	6,810	7,208	8,889	11,119	10,889	5,881
Treasury Stock	-1,225	-1,225	-2,428	-2,428	-2,428	-239.05
Comprehensive Income & Other	39	19	-30	-41	-66	-177.15
Shareholders' Equity	15,692	16,070	16,499	18,718	18,463	15,533
Total Liabilities & Equity	55,337	56,408	52,032	53,877	54,212	42,847
Total Debt	32,905	33,436	29,664	29,796	31,621	24,062
Net Cash (Debt)	-27,594	-25,885	-23,591	-19,084	-20,755	-18,511
Net Cash Per Share	-1390.40	-1304.29	-1188.70	-961.60	-1045.80	-707.44
Filing Date Shares Outstanding	19.85	19.85	19.85	19.85	19.85	26.17
Total Common Shares Outstanding	19.85	19.85	19.85	19.85	19.85	26.17
Working Capital	29,987	31,678	34,390	11,757	7,641	12,915
Book Value Per Share	790.68	809.73	831.35	943.16	930.31	593.62
Tangible Book Value	13,194	13,520	14,280	16,909	16,974	14,779
Tangible Book Value Per Share	664.82	681.24	719.54	852.01	855.28	564.82
Land	-	-	-	-	-	11,186
Buildings	-	-	-	-	-	10,246
Machinery	-	-	-	-	-	176.96
Construction In Progress	-	-	-	-	-	3.75

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