Keifuku Electric 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	2,087	2,164	1,957	1,967	1,719	2,054
Cash & Short-Term Investments	2,087	2,164	1,957	1,967	1,719	2,054
Cash Growth	-14.92%	10.58%	-0.51%	14.43%	-16.31%	106.64%
Accounts Receivable	1,432	1,415	1,386	1,368	1,055	990
Other Receivables	-	-	90	-	-	-
Receivables	1,432	1,415	1,476	1,368	1,055	990
Inventory	88	163	122	91	182	334
Prepaid Expenses	64	44	38	33	30	35
Other Current Assets	1,566	1,780	1,324	880	897	668
Total Current Assets	5,237	5,566	4,917	4,339	3,883	4,081
Property, Plant & Equipment	18,954	18,661	17,107	15,949	15,438	15,823
Long-Term Investments	772	686	685	556	545	552
Other Intangible Assets	187	238	218	241	229	179
Long-Term Deferred Tax Assets	60	100	73	95	55	114
Other Long-Term Assets	2	2	2	2	2	1
Total Assets	25,212	25,253	23,002	21,182	20,152	20,750
Accounts Payable	17	23	21	49	48	32
Accrued Expenses	134	212	203	216	202	182
Short-Term Debt	2,838	2,879	3,217	3,345	3,550	3,564
Current Portion of Leases	177	157	154	142	144	149
Current Income Taxes Payable	1,148	1,887	1,442	1,806	1,340	1,694
Other Current Liabilities	506	645	573	514	426	558
Total Current Liabilities	4,820	5,803	5,610	6,072	5,710	6,179
Long-Term Debt	2,650	3,397	3,337	3,630	4,195	4,905
Long-Term Leases	754	630	653	698	730	794
Pension & Post-Retirement Benefits	322	331	310	300	293	276
Long-Term Deferred Tax Liabilities	1,046	1,077	974	647	727	713
Other Long-Term Liabilities	348	360	340	374	401	515
Total Liabilities	9,940	11,598	11,224	11,721	12,056	13,382
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	319	315	313	303	299	295
Retained Earnings	12,321	10,922	9,226	7,176	5,952	5,291
Treasury Stock	-23	-22	-22	-21	-20	-20
Comprehensive Income & Other	271	213	201	91	81	72
Total Common Equity	13,888	12,428	10,718	8,549	7,312	6,638
Minority Interest	1,384	1,227	1,060	912	784	730
Shareholders' Equity	15,272	13,655	11,778	9,461	8,096	7,368
Total Liabilities & Equity	25,212	25,253	23,002	21,182	20,152	20,750
Total Debt	6,419	7,063	7,361	7,815	8,619	9,412
Net Cash (Debt)	-4,332	-4,899	-5,404	-5,848	-6,900	-7,358
Net Cash Per Share	-2180.22	-2465.53	-2719.68	-2943.13	-3472.57	-3703.07
Filing Date Shares Outstanding	1.99	1.99	1.99	1.99	1.99	1.99
Total Common Shares Outstanding	1.99	1.99	1.99	1.99	1.99	1.99
Working Capital	417	-237	-693	-1,733	-1,827	-2,098
Book Value Per Share	6987.14	6253.92	5393.29	4301.51	3678.58	3339.13
Tangible Book Value	13,701	12,190	10,500	8,308	7,083	6,459
Tangible Book Value Per Share	6893.06	6134.15	5283.59	4180.25	3563.37	3249.09

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