The Royal Hotel 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	11,916	11,359	12,337	14,363	3,561	4,756
Cash & Short-Term Investments	11,916	11,359	12,337	14,363	3,561	4,756
Cash Growth	6.42%	-7.93%	-14.11%	303.34%	-25.13%	84.91%
Receivables	2,671	2,045	1,729	2,045	1,228	1,005
Inventory	599	370	336	307	396	388
Other Current Assets	1,736	1,565	2,062	590	737	1,111
Total Current Assets	16,922	15,339	16,464	17,305	5,922	7,260
Property, Plant & Equipment	8,375	8,248	965	812	41,452	42,159
Long-Term Investments	14,318	14,320	13,563	13,718	12,238	12,253
Other Intangible Assets	147	192	207	266	303	191
Long-Term Deferred Tax Assets	566	261	366	2	3	3
Other Long-Term Assets	1	1	3	2	2	1
Total Assets	40,329	38,361	31,568	32,105	59,920	61,867
Accounts Payable	975	515	437	726	549	478
Accrued Expenses	230	2,102	1,641	1,998	132	59
Short-Term Debt	83	89	-	-	5,400	35,058
Current Income Taxes Payable	-	266	281	1,130	13	129
Other Current Liabilities	3,663	1,456	1,898	1,533	2,617	4,374
Total Current Liabilities	4,951	4,428	4,257	5,387	8,711	40,098
Long-Term Debt	291	353	-	-	26,400	2,000
Long-Term Leases	-	191	38	38	87	139
Pension & Post-Retirement Benefits	5,172	5,330	5,082	5,330	5,407	5,308
Long-Term Deferred Tax Liabilities	1,927	1,649	-	19	17	10
Other Long-Term Liabilities	3,481	3,375	2,315	2,388	3,210	3,415
Total Liabilities	15,822	15,326	11,692	13,162	43,832	50,970
Common Stock	100	100	100	100	100	13,229
Additional Paid-In Capital	11,673	10,342	10,342	10,342	20,835	-
Retained Earnings	12,783	11,097	9,492	8,591	-4,724	-2,206
Treasury Stock	-62	-62	-62	-61	-61	-61
Comprehensive Income & Other	13	-2	4	-29	-62	-65
Total Common Equity	24,507	21,475	19,876	18,943	16,088	10,897
Minority Interest	-	1,560	-	-	-	-
Shareholders' Equity	24,507	23,035	19,876	18,943	16,088	10,897
Total Liabilities & Equity	40,329	38,361	31,568	32,105	59,920	61,867
Total Debt	374	633	38	38	31,887	37,197
Net Cash (Debt)	11,542	10,726	12,299	14,325	-28,326	-32,441
Net Cash Growth	7.60%	-12.79%	-14.14%	-	-	-
Net Cash Per Share	610.94	567.78	651.05	1005.47	-2765.67	-3167.45
Filing Date Shares Outstanding	15.27	15.27	15.27	15.27	10.24	10.24
Total Common Shares Outstanding	15.27	15.27	15.27	15.27	10.24	10.24
Working Capital	11,971	10,911	12,207	11,918	-2,789	-32,838
Book Value Per Share	1604.59	1406.05	1301.34	1240.23	1570.79	1063.91
Tangible Book Value	24,360	21,283	19,669	18,677	15,785	10,706
Tangible Book Value Per Share	1594.97	1393.48	1287.79	1222.82	1541.20	1045.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.