Heiwa Paper Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	2,224	2,673	2,839	3,072	3,317
Cash & Short-Term Investments	2,224	2,673	2,839	3,072	3,317
Cash Growth	-16.80%	-5.85%	-7.58%	-7.39%	1.47%
Receivables	4,640	5,061	5,864	5,305	5,116
Inventory	3,734	3,924	3,948	4,011	3,676
Other Current Assets	94	149	105	89	107
Total Current Assets	10,692	11,807	12,756	12,477	12,216
Property, Plant & Equipment	2,910	2,745	2,133	1,953	809
Long-Term Investments	4,068	3,350	3,881	3,073	2,608
Other Intangible Assets	42	25	34	40	57
Long-Term Deferred Tax Assets	60	42	28	20	74
Other Long-Term Assets	2	2	2	2	2
Total Assets	17,774	17,971	18,834	17,565	15,766
Accounts Payable	4,267	4,205	5,035	4,623	4,335
Accrued Expenses	125	138	149	136	96
Short-Term Debt	1,722	2,243	2,209	2,371	2,126
Current Portion of Leases	82	94	89	19	18
Current Income Taxes Payable	58	51	18	134	82
Other Current Liabilities	258	410	214	259	166
Total Current Liabilities	6,512	7,141	7,714	7,542	6,823
Long-Term Leases	28	107	164	21	10
Pension & Post-Retirement Benefits	266	258	258	255	244
Long-Term Deferred Tax Liabilities	620	441	493	234	-
Other Long-Term Liabilities	102	109	107	104	159
Total Liabilities	7,528	8,056	8,736	8,156	7,236
Common Stock	2,107	2,107	2,107	2,107	2,107
Additional Paid-In Capital	2,331	2,331	2,331	2,331	2,331
Retained Earnings	4,596	4,631	4,627	4,605	3,826
Treasury Stock	-386	-293	-293	-293	-218
Comprehensive Income & Other	1,598	1,139	1,326	659	484
Shareholders' Equity	10,246	9,915	10,098	9,409	8,530
Total Liabilities & Equity	17,774	17,971	18,834	17,565	15,766
Total Debt	1,832	2,444	2,462	2,411	2,154
Net Cash (Debt)	392	229	377	661	1,163
Net Cash Growth	71.18%	-39.26%	-42.96%	-43.16%	5.63%
Net Cash Per Share	41.79	24.21	39.85	69.04	120.61
Filing Date Shares Outstanding	9.25	9.46	9.46	9.46	9.64
Total Common Shares Outstanding	9.25	9.46	9.46	9.46	9.64
Working Capital	4,180	4,666	5,042	4,935	5,393
Book Value Per Share	1107.27	1048.15	1067.50	994.66	884.60
Tangible Book Value	10,204	9,890	10,064	9,369	8,473
Tangible Book Value Per Share	1102.73	1045.51	1063.90	990.43	878.69

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