Tokai Kisen Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,820	3,882	5,103	4,355	4,859	3,872
Cash & Short-Term Investments	3,820	3,882	5,103	4,355	4,859	3,872
Cash Growth	-18.53%	-23.93%	17.18%	-10.37%	25.49%	91.02%
Accounts Receivable	1,870	1,797	1,526	1,645	1,766	1,978
Other Receivables	-	-	-	-	-	10
Receivables	1,870	1,797	1,526	1,645	1,766	1,988
Inventory	1,023	1,024	925	874	767	659
Other Current Assets	255	257	269	229	169	202
Total Current Assets	6,968	6,960	7,823	7,103	7,561	6,721
Property, Plant & Equipment	12,159	12,270	13,239	14,048	15,018	15,975
Long-Term Investments	844	918	685	562	438	486
Other Intangible Assets	90	88	77	72	81	123
Long-Term Deferred Tax Assets	610	507	681	694	605	556
Other Long-Term Assets	1	1	1	1	2	2
Total Assets	20,672	20,744	22,506	22,480	23,705	23,863
Accounts Payable	999	886	1,186	1,009	934	818
Accrued Expenses	181	42	39	39	39	38
Short-Term Debt	3,509	3,528	4,043	3,826	3,549	2,749
Current Income Taxes Payable	79	27	181	11	90	60
Other Current Liabilities	615	641	689	618	748	722
Total Current Liabilities	5,383	5,124	6,138	5,503	5,360	4,387
Long-Term Debt	6,448	6,737	7,848	8,981	10,000	11,491
Pension & Post-Retirement Benefits	1,580	1,558	1,554	1,573	1,502	1,500
Other Long-Term Liabilities	435	402	609	549	506	367
Total Liabilities	13,846	13,821	16,149	16,606	17,368	17,745
Common Stock	1,100	1,100	1,100	1,100	1,100	1,100
Additional Paid-In Capital	697	697	697	693	693	693
Retained Earnings	3,024	3,092	2,746	2,452	3,033	2,855
Treasury Stock	-10	-10	-10	-10	-10	-10
Comprehensive Income & Other	343	396	238	154	62	78
Total Common Equity	5,154	5,275	4,771	4,389	4,878	4,716
Minority Interest	1,672	1,648	1,586	1,485	1,459	1,402
Shareholders' Equity	6,826	6,923	6,357	5,874	6,337	6,118
Total Liabilities & Equity	20,672	20,744	22,506	22,480	23,705	23,863
Total Debt	9,957	10,265	11,891	12,807	13,549	14,240
Net Cash (Debt)	-6,137	-6,383	-6,788	-8,452	-8,690	-10,368
Net Cash Per Share	-2796.38	-2908.46	-3092.90	-3851.08	-3959.51	-4723.81
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	1,585	1,836	1,685	1,600	2,201	2,334
Book Value Per Share	2348.47	2403.61	2173.90	1999.81	2222.62	2148.72
Tangible Book Value	5,064	5,187	4,694	4,317	4,797	4,593
Tangible Book Value Per Share	2307.46	2363.51	2138.82	1967.00	2185.71	2092.68