Sanyo 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	8,089	8,856	5,776	8,369	6,784	6,035
Short-Term Investments	499	-	-	-	1,999	-
Cash & Short-Term Investments	8,588	8,856	5,776	8,369	8,783	6,035
Cash Growth	-5.72%	53.32%	-30.98%	-4.71%	45.53%	-38.52%
Receivables	3,144	3,751	3,356	3,353	3,723	2,797
Inventory	5,932	4,868	5,039	7,096	5,868	6,242
Other Current Assets	1,738	1,664	1,428	1,786	1,383	1,976
Total Current Assets	19,402	19,139	15,599	20,604	19,757	17,050
Property, Plant & Equipment	87,291	87,091	84,291	79,361	78,736	72,165
Long-Term Investments	18,072	15,452	13,727	10,342	9,480	9,703
Other Intangible Assets	615	743	694	646	613	450
Long-Term Deferred Tax Assets	213	223	175	159	117	179
Other Long-Term Assets	1	-	1	2	1	2
Total Assets	125,626	122,690	114,533	111,167	108,755	99,605
Accounts Payable	4,441	5,598	4,486	4,752	7,219	7,109
Accrued Expenses	546	587	599	573	643	501
Short-Term Debt	5,785	5,972	5,652	7,702	5,464	5,947
Current Income Taxes Payable	600	496	945	563	925	64
Other Current Liabilities	8,510	7,448	7,727	9,111	8,362	7,838
Total Current Liabilities	19,882	20,101	19,409	22,701	22,613	21,459
Long-Term Debt	36,109	37,203	33,536	32,069	32,471	30,496
Pension & Post-Retirement Benefits	1,296	1,380	1,331	1,536	1,632	1,515
Long-Term Deferred Tax Liabilities	4,437	3,606	3,014	2,053	1,570	141
Other Long-Term Liabilities	2,934	2,829	2,866	3,164	3,498	4,153
Total Liabilities	64,658	65,119	60,156	61,523	61,784	57,764
Common Stock	10,090	10,090	10,090	10,090	10,090	10,090
Additional Paid-In Capital	7,074	7,057	7,057	7,057	7,037	7,037
Retained Earnings	37,159	34,619	32,255	29,812	27,814	22,570
Treasury Stock	-213	-196	-201	-198	-177	-175
Comprehensive Income & Other	6,858	6,001	5,176	2,883	2,207	2,319
Total Common Equity	60,968	57,571	54,377	49,644	46,971	41,841
Shareholders' Equity	60,968	57,571	54,377	49,644	46,971	41,841
Total Liabilities & Equity	125,626	122,690	114,533	111,167	108,755	99,605
Total Debt	41,894	43,175	39,188	39,771	37,935	36,443
Net Cash (Debt)	-33,306	-34,319	-33,412	-31,402	-29,152	-30,408
Net Cash Per Share	-1499.00	-1544.65	-1503.83	-1413.36	-1312.03	-1368.50
Filing Date Shares Outstanding	22.22	22.22	22.22	22.22	22.22	22.22
Total Common Shares Outstanding	22.22	22.22	22.22	22.22	22.22	22.22
Working Capital	-480	-962	-3,810	-2,097	-2,856	-4,409
Book Value Per Share	2743.69	2591.01	2447.49	2234.35	2113.97	1883.02
Tangible Book Value	60,353	56,828	53,683	48,998	46,358	41,391
Tangible Book Value Per Share	2716.02	2557.58	2416.26	2205.28	2086.38	1862.77

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