Nagoya Railroad 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	37,876	58,637	60,388	55,291	50,927	54,019
Cash & Short-Term Investments	47,876	58,637	60,388	55,291	50,927	54,019
Cash Growth	-13.11%	-2.90%	9.22%	8.57%	-5.72%	95.00%
Accounts Receivable	69,842	71,377	63,646	60,833	58,695	61,642
Receivables	69,942	71,473	65,460	62,667	60,566	63,610
Inventory	18,738	99,530	89,183	89,529	83,903	77,183
Other Current Assets	123,328	26,777	23,453	19,415	16,200	20,285
Total Current Assets	259,884	256,417	238,484	226,902	211,596	215,097
Property, Plant & Equipment	1,080,516	997,980	893,624	854,026	825,163	831,429
Long-Term Investments	167,125	166,142	145,235	120,469	118,874	118,125
Goodwill	2,751	2,027	2,294	1,397	660	854
Other Intangible Assets	12,796	12,925	11,669	10,456	10,439	8,368
Long-Term Deferred Tax Assets	11,702	13,178	11,606	17,769	19,732	16,772
Other Long-Term Assets	16,170	1	1	1	2	1
Total Assets	1,551,137	1,448,908	1,303,205	1,231,378	1,186,897	1,191,131
Accounts Payable	65,954	90,679	74,816	73,388	67,091	72,424
Accrued Expenses	1,714	6,736	5,841	5,698	5,193	5,088
Short-Term Debt	91,414	85,462	43,574	62,876	74,257	53,920
Current Portion of Long-Term Debt	15,000	25,000	40,000	30,080	-	25,000
Current Portion of Leases	1,193	1,225	1,373	1,490	2,132	1,727
Current Income Taxes Payable	4,599	8,981	4,619	5,868	5,388	2,808
Other Current Liabilities	165,228	138,303	138,726	124,667	110,451	120,815
Total Current Liabilities	345,102	356,386	308,949	304,067	264,512	281,782
Long-Term Debt	549,158	464,533	404,631	370,949	380,396	371,455
Long-Term Leases	8,649	9,286	9,958	10,678	11,781	11,384
Pension & Post-Retirement Benefits	34,818	35,874	32,535	32,539	34,761	34,172
Long-Term Deferred Tax Liabilities	73,756	62,646	59,021	59,388	59,975	58,992
Other Long-Term Liabilities	22,439	21,873	24,580	24,670	24,341	25,836
Total Liabilities	1,033,922	950,598	839,674	802,291	775,766	783,621
Common Stock	101,158	101,158	101,158	101,158	101,158	101,158
Additional Paid-In Capital	36,164	35,978	40,426	40,144	38,405	35,289
Retained Earnings	226,185	211,944	178,946	158,112	142,815	132,675
Treasury Stock	-1,008	-1,116	-233	-365	-113	-101
Comprehensive Income & Other	119,783	113,746	117,667	105,383	101,058	102,992
Total Common Equity	482,282	461,710	437,964	404,432	383,323	372,013
Minority Interest	34,933	36,600	25,567	24,655	27,808	35,497
Shareholders' Equity	517,215	498,310	463,531	429,087	411,131	407,510
Total Liabilities & Equity	1,551,137	1,448,908	1,303,205	1,231,378	1,186,897	1,191,131
Total Debt	665,414	585,506	499,536	476,073	468,566	463,486
Net Cash (Debt)	-617,538	-526,869	-439,148	-420,782	-417,639	-409,467
Net Cash Per Share	-2799.60	-2341.47	-2087.92	-2000.56	-1984.55	-2082.14
Filing Date Shares Outstanding	196.13	196.07	196.58	196.53	196.53	196.65
Total Common Shares Outstanding	196.13	196.07	196.58	196.53	196.64	196.65
Working Capital	-85,218	-99,969	-70,465	-77,165	-52,916	-66,685
Book Value Per Share	2458.97	2354.79	2227.87	2057.88	1949.33	1891.75
Tangible Book Value	466,735	446,758	424,001	392,579	372,224	362,791
Tangible Book Value Per Share	2379.70	2278.53	2156.84	1997.57	1892.88	1844.86

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