Nippon Express Holdings Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	283,394	251,339	315,076	276,679	217,774
Cash & Short-Term Investments	283,394	251,339	315,076	276,679	217,774
Cash Growth	12.75%	-20.23%	13.88%	27.05%	54.10%
Accounts Receivable	558,579	520,340	424,054	497,746	369,723
Other Receivables	3,613	851	20,771	468	-
Receivables	562,192	521,191	444,825	498,214	508,209
Inventory	12,916	12,650	10,680	15,381	8,296
Prepaid Expenses	-	-	-	-	14,232
Other Current Assets	174,823	149,683	125,510	117,553	23,383
Total Current Assets	1,033,325	934,863	896,091	907,827	771,894
Property, Plant & Equipment	964,034	937,394	889,604	840,953	607,503
Long-Term Investments	225,247	224,801	231,425	236,699	143,343
Goodwill	-	89,110	13,484	2,216	4,592
Other Intangible Assets	179,850	97,096	60,077	58,388	78,125
Long-Term Deferred Tax Assets	12,525	13,877	16,429	29,110	26,006
Other Long-Term Assets	4	5	6	4	1
Total Assets	2,414,985	2,297,146	2,107,116	2,075,197	1,631,855
Accounts Payable	293,321	268,423	214,044	257,303	181,414
Accrued Expenses	-	-	-	-	52,506
Short-Term Debt	-	67,570	51,022	11,452	37,918
Current Portion of Long-Term Debt	59,506	68,674	10,760	83,013	-
Current Portion of Leases	133,212	120,703	111,730	84,870	-
Current Income Taxes Payable	34,006	19,795	7,628	29,717	78,318
Other Current Liabilities	237,783	212,660	195,908	229,574	165,331
Total Current Liabilities	757,828	757,825	591,092	695,929	515,487
Long-Term Debt	317,823	189,840	255,974	170,503	333,616
Long-Term Leases	368,285	349,140	304,896	281,825	28,544
Pension & Post-Retirement Benefits	50,714	68,096	93,864	105,646	121,312
Long-Term Deferred Tax Liabilities	20,339	11,823	6,000	6,865	2,157
Other Long-Term Liabilities	50,921	47,374	37,485	35,280	30,033
Total Liabilities	1,565,910	1,424,098	1,289,311	1,296,048	1,031,149
Common Stock	70,175	70,175	70,175	70,175	70,175
Additional Paid-In Capital	-	-	23,267	22,928	22,614
Retained Earnings	617,320	669,416	634,536	598,423	503,178
Treasury Stock	-1,197	-2,941	-20,542	-10,604	-28,273
Comprehensive Income & Other	143,192	117,299	92,626	75,591	14,818
Total Common Equity	829,490	853,949	800,062	756,513	582,512
Minority Interest	19,585	19,099	17,743	22,636	18,194
Shareholders' Equity	849,075	873,048	817,805	779,149	600,706
Total Liabilities & Equity	2,414,985	2,297,146	2,107,116	2,075,197	1,631,855
Total Debt	878,826	795,927	734,382	631,663	400,078
Net Cash (Debt)	-595,432	-544,588	-419,306	-354,984	-182,304
Net Cash Per Share	-2385.19	-2084.56	-1579.06	-1313.44	-655.10
Filing Date Shares Outstanding	242.67	259.8	263.87	267.47	274.99
Total Common Shares Outstanding	242.67	259.8	263.82	267.47	274.99
Working Capital	275,497	177,038	304,999	211,898	256,407
Book Value Per Share	3418.17	3286.96	3032.62	2828.38	2118.34
Tangible Book Value	649,640	667,743	726,501	695,909	499,795
Tangible Book Value Per Share	2677.04	2570.23	2753.79	2601.80	1817.53

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