Tokai Kisen Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4,466	5,103	4,355	4,859	3,872	2,027
Cash & Short-Term Investments	4,466	5,103	4,355	4,859	3,872	2,027
Cash Growth	-16.51%	17.18%	-10.37%	25.49%	91.02%	32.48%
Accounts Receivable	1,668	1,526	1,645	1,766	1,978	1,707
Other Receivables	-	-	-	-	10	811
Receivables	1,668	1,526	1,645	1,766	1,988	2,518
Inventory	984	925	874	767	659	530
Other Current Assets	322	269	229	169	202	384
Total Current Assets	7,440	7,823	7,103	7,561	6,721	5,459
Property, Plant & Equipment	12,541	13,239	14,048	15,018	15,975	13,622
Long-Term Investments	827	685	562	438	486	1,747
Other Intangible Assets	93	77	72	81	123	130
Long-Term Deferred Tax Assets	625	681	694	605	556	472
Other Long-Term Assets	2	1	1	2	2	1
Total Assets	21,528	22,506	22,480	23,705	23,863	21,431
Accounts Payable	1,447	1,186	1,009	934	818	716
Accrued Expenses	169	39	39	39	38	33
Short-Term Debt	3,526	4,043	3,826	3,549	2,749	3,052
Current Income Taxes Payable	25	181	11	90	60	12
Other Current Liabilities	610	689	618	748	722	806
Total Current Liabilities	5,777	6,138	5,503	5,360	4,387	4,619
Long-Term Debt	7,013	7,848	8,981	10,000	11,491	10,351
Pension & Post-Retirement Benefits	1,541	1,554	1,573	1,502	1,500	1,239
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5
Other Long-Term Liabilities	474	609	549	506	367	381
Total Liabilities	14,805	16,149	16,606	17,368	17,745	16,595
Common Stock	1,100	1,100	1,100	1,100	1,100	1,100
Additional Paid-In Capital	697	697	693	693	693	693
Retained Earnings	2,964	2,746	2,452	3,033	2,855	2,933
Treasury Stock	-10	-10	-10	-10	-10	-10
Comprehensive Income & Other	331	238	154	62	78	57
Total Common Equity	5,082	4,771	4,389	4,878	4,716	4,773
Minority Interest	1,641	1,586	1,485	1,459	1,402	63
Shareholders' Equity	6,723	6,357	5,874	6,337	6,118	4,836
Total Liabilities & Equity	21,528	22,506	22,480	23,705	23,863	21,431
Total Debt	10,539	11,891	12,807	13,549	14,240	13,403
Net Cash (Debt)	-6,073	-6,788	-8,452	-8,690	-10,368	-11,376
Net Cash Per Share	-2767.19	-3092.90	-3851.08	-3959.51	-4723.81	-5183.06
Filing Date Shares Outstanding	2.19	2.19	2.19	2.19	2.19	2.19
Total Common Shares Outstanding	2.19	2.19	2.19	2.19	2.19	2.19
Working Capital	1,663	1,685	1,600	2,201	2,334	840
Book Value Per Share	2315.66	2173.90	1999.81	2222.62	2148.72	2174.64
Tangible Book Value	4,989	4,694	4,317	4,797	4,593	4,643
Tangible Book Value Per Share	2273.29	2138.82	1967.00	2185.71	2092.68	2115.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.