Musashino Kogyo Co., Ltd. (TYO:9635)

The Shyft Group Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	815	861	758	743	759	835
Cash & Short-Term Investments	815	861	758	743	759	835
Cash Growth	7.24%	13.59%	2.02%	-2.11%	-9.10%	23.34%
Receivables	34	39	36	43	43	25
Inventory	-	1	1	3	2	4
Other Current Assets	56	49	79	53	55	45
Total Current Assets	905	950	874	842	859	909
Property, Plant & Equipment	4,397	4,412	4,415	4,420	4,443	4,444
Long-Term Investments	576	569	556	560	587	604
Other Intangible Assets	85	85	82	76	78	80
Long-Term Deferred Tax Assets	53	53	49	55	21	23
Other Long-Term Assets	3	2	2	1	1	2
Total Assets	6,019	6,071	5,978	5,954	5,989	6,062
Accounts Payable	66	75	63	61	50	44
Accrued Expenses	24	15	14	16	8	9
Short-Term Debt	51	50	52	57	57	83
Current Portion of Leases	1	1	1	2	7	10
Current Income Taxes Payable	2	25	6	16	16	22
Other Current Liabilities	191	214	195	168	185	206
Total Current Liabilities	335	380	331	320	323	374
Long-Term Debt	248	261	285	282	340	398
Long-Term Leases	3	3	5	3	5	6
Long-Term Deferred Tax Liabilities	1,113	1,113	1,082	1,082	1,082	1,082
Other Long-Term Liabilities	631	631	632	627	633	633
Total Liabilities	2,393	2,457	2,397	2,378	2,455	2,578
Common Stock	1,004	1,004	1,004	1,004	1,004	1,004
Retained Earnings	207	195	131	126	85	35
Treasury Stock	-9	-9	-8	-8	-8	-8
Comprehensive Income & Other	2,424	2,424	2,454	2,454	2,453	2,453
Shareholders' Equity	3,626	3,614	3,581	3,576	3,534	3,484
Total Liabilities & Equity	6,019	6,071	5,978	5,954	5,989	6,062
Total Debt	303	315	343	344	409	497
Net Cash (Debt)	512	546	415	399	350	338
Net Cash Growth	18.52%	31.57%	4.01%	14.00%	3.55%	-25.22%
Net Cash Per Share	489.37	521.84	396.61	381.31	334.48	323.00
Filing Date Shares Outstanding	1.05	1.05	1.05	1.05	1.05	1.05
Total Common Shares Outstanding	1.05	1.05	1.05	1.05	1.05	1.05
Working Capital	570	570	543	522	536	535
Book Value Per Share	3465.98	3454.51	3422.29	3417.49	3377.29	3329.39
Tangible Book Value	3,541	3,529	3,499	3,500	3,456	3,404
Tangible Book Value Per Share	3384.73	3373.26	3343.92	3344.86	3302.75	3252.94

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.