Hankyu Hanshin REIT Balance Sheet

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 31, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Property, Plant & Equipment	172,413	170,180	169,649	164,674	158,856	158,821
Cash & Equivalents	4,385	5,308	5,595	5,765	4,651	5,659
Accounts Receivable	73	101.36	73.08	68	20.74	20.83
Other Receivables	-	1.44	-	-	-	-
Investment In Debt and Equity Securities	-	88.2	88.2	-	88.2	88.2
Other Intangible Assets	-	897.71	897.71	-	897.71	897.71
Restricted Cash	5,549	5,828	5,527	5,258	5,197	5,502
Other Current Assets	420	350.52	317.5	318	323.08	305.12
Deferred Long-Term Tax Assets	-	0.02	0.03	-	0.02	0.03
Deferred Long-Term Charges	-	16.63	20.25	-	19.32	23.77
Other Long-Term Assets	36	405.18	469.86	16	551.07	463.99
Total Assets	182,876	183,177	182,637	176,099	170,604	171,781
Current Portion of Long-Term Debt	4,650	6,100	9,500	6,400	7,000	9,000
Current Portion of Leases	-	27.83	27.83	-	27.83	27.83
Long-Term Debt	82,150	79,700	77,300	73,900	68,400	66,400
Long-Term Leases	-	233.35	261.18	-	316.85	344.68
Accounts Payable	899	1,041	1,079	1,308	756.44	942.05
Accrued Expenses	179	348.54	220.66	138	243.61	260.96
Current Income Taxes Payable	-	1.12	1.48	-	1.39	1.53
Other Current Liabilities	931	840.18	970.28	1,078	929.78	1,898
Other Long-Term Liabilities	7,092	6,840	6,525	6,574	6,252	6,336
Total Liabilities	95,901	96,133	95,886	89,398	83,928	85,211
Common Stock	84,270	84,270	84,270	84,270	84,270	84,270
Retained Earnings	2,704	2,373	2,194	2,431	2,099	2,023
Comprehensive Income & Other	1	401.87	287	-	307	277
Shareholders' Equity	86,975	87,045	86,751	86,701	86,677	86,570
Total Liabilities & Equity	182,876	183,177	182,637	176,099	170,604	171,781
Total Debt	86,800	87,061	87,089	80,300	75,745	75,773
Net Cash (Debt)	-82,415	-81,754	-81,494	-74,535	-71,093	-70,114
Net Cash (Debt) Growth	-	-	-	-	-	-
Net Cash Per Share	-118548.62	-117597.32	-117224.07	-107213.75	-102263.10	-100853.86
Filing Date Shares Outstanding	0.7	0.7	0.7	0.7	0.7	0.7
Total Common Shares Outstanding	0.7	0.7	0.7	0.7	0.7	0.7
Book Value Per Share	125107.88	125208.13	124785.82	124713.75	124678.53	124525.36
Tangible Book Value	86,975	86,147	85,853	86,701	85,779	85,672
Tangible Book Value Per Share	125107.88	123916.84	123494.53	124713.75	123387.23	123234.06
Land	-	139,046	139,500	-	128,223	125,600
Buildings	-	54,649	55,058	-	51,871	54,718
Construction In Progress	-	15.85	17.73	-	77.2	40.21