Kobe Electric 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	1,523	1,054	1,468	1,443	1,262	1,371
Cash & Short-Term Investments	1,523	1,054	1,468	1,443	1,262	1,371
Cash Growth	-8.86%	-28.20%	1.73%	14.34%	-7.95%	16.48%
Accounts Receivable	1,829	1,586	1,333	1,097	1,284	916
Receivables	1,848	1,607	1,420	1,163	1,353	955
Inventory	952	829	787	815	796	873
Other Current Assets	827	1,673	1,624	2,249	2,577	2,505
Total Current Assets	5,150	5,163	5,299	5,670	5,988	5,704
Property, Plant & Equipment	79,788	80,340	80,264	81,230	82,436	83,569
Long-Term Investments	2,163	4,197	4,002	3,041	2,996	2,599
Other Intangible Assets	745	806	688	576	577	594
Other Long-Term Assets	2,405	1	3	2	2	1
Total Assets	90,413	90,680	90,451	90,804	92,351	92,894
Accounts Payable	1,079	2,963	2,446	2,206	2,692	2,030
Accrued Expenses	19	51	53	51	49	48
Short-Term Debt	20,555	21,847	17,803	18,463	29,298	22,893
Current Income Taxes Payable	371	385	174	130	91	37
Other Current Liabilities	3,570	3,077	3,750	3,833	3,611	3,667
Total Current Liabilities	25,594	28,323	24,226	24,683	35,741	28,675
Long-Term Debt	33,705	32,588	37,079	38,686	29,539	37,583
Pension & Post-Retirement Benefits	85	95	105	112	108	112
Long-Term Deferred Tax Liabilities	4,354	4,186	4,054	3,695	3,726	3,727
Other Long-Term Liabilities	1,771	1,950	2,045	2,385	2,612	2,623
Total Liabilities	65,509	67,142	67,509	69,561	71,726	72,720
Common Stock	11,710	11,710	11,710	11,710	11,710	11,710
Retained Earnings	10,987	9,768	8,697	7,650	6,974	6,502
Treasury Stock	-392	-391	-95	-91	-88	-85
Comprehensive Income & Other	2,599	2,451	2,630	1,974	2,029	2,047
Shareholders' Equity	24,904	23,538	22,942	21,243	20,625	20,174
Total Liabilities & Equity	90,413	90,680	90,451	90,804	92,351	92,894
Total Debt	54,260	54,435	54,882	57,149	58,837	60,476
Net Cash (Debt)	-52,737	-53,381	-53,414	-55,706	-57,575	-59,105
Net Cash Per Share	-6665.67	-6660.14	-6647.67	-6932.06	-7163.74	-7354.11
Filing Date Shares Outstanding	7.91	7.91	8.03	8.04	8.04	8.04
Total Common Shares Outstanding	7.91	7.91	8.03	8.04	8.04	8.04
Working Capital	-20,444	-23,160	-18,927	-19,013	-29,753	-22,971
Book Value Per Share	3147.73	2974.82	2855.37	2643.49	2566.26	2509.88
Tangible Book Value	24,159	22,732	22,254	20,667	20,048	19,580
Tangible Book Value Per Share	3053.57	2872.95	2769.74	2571.81	2494.47	2435.98

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