Tobu Railway 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	43,949	35,110	31,448	69,255	46,066	45,134
Cash & Short-Term Investments	43,949	35,110	31,448	69,255	46,066	45,134
Cash Growth	-4.03%	11.64%	-54.59%	50.34%	2.07%	42.60%
Accounts Receivable	83,013	69,207	69,631	70,102	63,214	50,874
Receivables	83,013	71,194	71,455	71,793	64,805	52,216
Inventory	34,401	30,621	24,238	19,235	19,517	23,428
Prepaid Expenses	-	2,829	2,659	2,713	2,623	3,139
Other Current Assets	46,543	37,085	39,153	43,094	34,464	34,535
Total Current Assets	207,906	176,839	168,953	206,090	167,475	158,452
Property, Plant & Equipment	1,434,990	1,410,893	1,367,269	1,393,848	1,395,485	1,401,573
Long-Term Investments	124,484	133,046	135,810	106,011	95,545	93,560
Other Intangible Assets	18,793	19,861	18,606	19,455	18,230	16,274
Long-Term Deferred Tax Assets	-	11,360	13,063	12,707	13,030	12,519
Other Long-Term Assets	47,603	1	1	1	1	2
Total Assets	1,833,776	1,753,200	1,704,063	1,738,195	1,689,855	1,682,497
Accounts Payable	52,136	43,274	48,653	51,922	42,769	36,261
Accrued Expenses	-	10,380	9,981	10,241	8,555	9,471
Short-Term Debt	135,364	73,322	40,282	36,362	63,942	73,312
Current Portion of Long-Term Debt	83,707	104,462	85,268	103,063	66,031	75,670
Current Income Taxes Payable	-	18,488	17,073	17,395	16,344	3,779
Other Current Liabilities	218,012	188,807	185,065	240,456	212,094	199,295
Total Current Liabilities	489,219	438,733	386,322	459,439	409,735	397,788
Long-Term Debt	580,118	601,270	622,191	652,752	673,198	680,606
Pension & Post-Retirement Benefits	39,008	41,122	43,763	44,972	46,346	48,230
Long-Term Deferred Tax Liabilities	-	71,409	68,927	59,601	57,658	56,311
Other Long-Term Liabilities	121,770	39,914	41,148	40,858	43,700	46,459
Total Liabilities	1,230,115	1,192,448	1,162,351	1,257,622	1,230,637	1,229,394
Common Stock	102,135	102,135	102,135	102,135	102,135	102,135
Additional Paid-In Capital	51,998	51,980	52,214	51,958	51,364	50,864
Retained Earnings	339,280	314,683	298,039	258,028	234,853	225,891
Treasury Stock	-4,775	-4,930	-10,545	-10,302	-4,451	-4,447
Comprehensive Income & Other	108,541	90,639	93,850	72,934	68,665	70,511
Total Common Equity	597,179	554,507	535,693	474,753	452,566	444,954
Minority Interest	6,482	6,245	6,019	5,820	6,652	8,149
Shareholders' Equity	603,661	560,752	541,712	480,573	459,218	453,103
Total Liabilities & Equity	1,833,776	1,753,200	1,704,063	1,738,195	1,689,855	1,682,497
Total Debt	799,189	779,054	747,741	792,177	803,171	829,588
Net Cash (Debt)	-755,240	-743,944	-716,293	-722,922	-757,105	-784,454
Net Cash Per Share	-3859.55	-3666.63	-3465.11	-3470.01	-3629.09	-3760.17
Filing Date Shares Outstanding	195.68	199.62	206.71	206.72	208.62	208.62
Total Common Shares Outstanding	195.68	199.62	206.71	206.72	208.62	208.62
Working Capital	-281,313	-261,894	-217,369	-253,349	-242,260	-239,336
Book Value Per Share	3051.80	2777.78	2591.47	2296.64	2169.33	2132.83
Tangible Book Value	578,386	534,646	517,087	455,298	434,336	428,680
Tangible Book Value Per Share	2955.76	2678.29	2501.46	2202.53	2081.95	2054.82

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.