Tokyu REIT Balance Sheet

Financials in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Property, Plant & Equipment	232,331	237,220	244,022	231,830	217,716	230,615
Cash & Equivalents	8,766	3,684	1,098	5,564	3,087	987
Accounts Receivable	281	294	200	183	128	158
Other Receivables	-	-	137	-	338	-
Other Intangible Assets	-	-	-	-	-	4
Restricted Cash	3,596	2,981	3,096	2,486	2,082	1,991
Other Current Assets	74	89	117	93	134	94
Deferred Long-Term Charges	-	-	48	56	28	33
Other Long-Term Assets	37	41	1,227	1,241	1,123	1,153
Total Assets	245,085	244,309	249,945	241,453	224,636	235,035
Current Portion of Long-Term Debt	15,700	11,200	10,000	10,500	10,200	18,400
Long-Term Debt	89,800	95,300	94,500	94,000	82,800	76,000
Accounts Payable	2,265	1,578	1,292	1,268	1,426	1,076
Accrued Expenses	106	93	229	604	119	331
Current Unearned Revenue	-	-	1,110	1,688	1,083	1,434
Other Current Liabilities	1,355	1,355	2	1	1	2
Other Long-Term Liabilities	10,920	11,177	11,166	10,575	9,470	11,065
Total Liabilities	120,146	120,703	125,299	118,636	105,099	119,508
Common Stock	107,479	107,479	110,479	110,479	110,479	110,479
Retained Earnings	17,459	16,127	14,166	12,337	9,056	5,048
Comprehensive Income & Other	1	-	1	1	2	-
Shareholders' Equity	124,939	123,606	124,646	122,817	119,537	115,527
Total Liabilities & Equity	245,085	244,309	249,945	241,453	224,636	235,035
Total Debt	105,500	106,500	111,500	104,500	93,000	105,600
Net Cash (Debt)	-96,734	-102,816	-110,402	-98,936	-89,913	-104,613
Net Cash Per Share	-100117.47	-105526.01	-112931.67	-101202.95	-91973.20	-107010.02
Filing Date Shares Outstanding	0.96	0.97	0.98	0.98	0.98	0.98
Total Common Shares Outstanding	0.96	0.97	0.98	0.98	0.98	0.98
Book Value Per Share	129959.19	127292.78	127502.05	125631.14	122275.98	118174.10
Tangible Book Value	124,939	123,606	124,646	122,817	119,537	115,523
Tangible Book Value Per Share	129959.19	127292.78	127502.05	125631.14	122275.98	118170.01
Land	-	-	208,944	198,068	187,941	193,869
Buildings	-	-	56,690	54,791	50,312	63,663
Construction In Progress	-	-	41	18	15	146

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.