Heiwa Paper 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	Sep '25 Sep 30, 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	2,199	2,673	2,839	3,072	3,317	3,219
Short-Term Investments	-	-	-	-	-	50
Cash & Short-Term Investments	2,199	2,673	2,839	3,072	3,317	3,269
Cash Growth	-8.49%	-5.85%	-7.58%	-7.39%	1.47%	10.70%
Receivables	4,754	5,061	5,864	5,305	5,116	5,101
Inventory	3,848	3,924	3,948	4,011	3,676	3,580
Other Current Assets	107	149	105	89	107	137
Total Current Assets	10,908	11,807	12,756	12,477	12,216	12,087
Property, Plant & Equipment	2,711	2,745	2,133	1,953	809	878
Long-Term Investments	3,835	3,350	3,881	3,073	2,608	2,865
Other Intangible Assets	35	25	34	40	57	76
Long-Term Deferred Tax Assets	-	42	28	20	74	12
Other Long-Term Assets	1	2	2	2	2	1
Total Assets	17,490	17,971	18,834	17,565	15,766	15,919
Accounts Payable	4,107	4,205	5,035	4,623	4,335	4,359
Accrued Expenses	80	138	149	136	96	41
Short-Term Debt	1,746	2,243	2,209	2,371	2,126	2,119
Current Portion of Leases	-	94	89	19	18	22
Current Income Taxes Payable	39	51	18	134	82	10
Other Current Liabilities	345	410	214	259	166	172
Total Current Liabilities	6,317	7,141	7,714	7,542	6,823	6,723
Long-Term Leases	-	107	164	21	10	27
Pension & Post-Retirement Benefits	263	258	258	255	244	235
Long-Term Deferred Tax Liabilities	580	441	493	234	-	58
Other Long-Term Liabilities	170	109	107	104	159	161
Total Liabilities	7,330	8,056	8,736	8,156	7,236	7,204
Common Stock	2,107	2,107	2,107	2,107	2,107	2,107
Additional Paid-In Capital	2,331	2,331	2,331	2,331	2,331	2,331
Retained Earnings	4,574	4,631	4,627	4,605	3,826	3,835
Treasury Stock	-293	-293	-293	-293	-218	-218
Comprehensive Income & Other	1,441	1,139	1,326	659	484	660
Shareholders' Equity	10,160	9,915	10,098	9,409	8,530	8,715
Total Liabilities & Equity	17,490	17,971	18,834	17,565	15,766	15,919
Total Debt	1,746	2,444	2,462	2,411	2,154	2,168
Net Cash (Debt)	453	229	377	661	1,163	1,101
Net Cash Growth	131.12%	-39.26%	-42.96%	-43.16%	5.63%	46.61%
Net Cash Per Share	47.89	24.21	39.85	69.04	120.61	114.18
Filing Date Shares Outstanding	9.46	9.46	9.46	9.46	9.64	9.64
Total Common Shares Outstanding	9.46	9.46	9.46	9.46	9.64	9.64
Working Capital	4,591	4,666	5,042	4,935	5,393	5,364
Book Value Per Share	1074.05	1048.15	1067.50	994.66	884.60	903.79
Tangible Book Value	10,125	9,890	10,064	9,369	8,473	8,639
Tangible Book Value Per Share	1070.35	1045.51	1063.90	990.43	878.69	895.91

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