Valor Holdings 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	41,901	22,632	29,598	21,482	23,260	29,924
Cash & Short-Term Investments	41,901	22,632	29,598	21,482	23,260	29,924
Cash Growth	8.98%	-23.54%	37.78%	-7.64%	-22.27%	21.21%
Receivables	41,511	30,247	25,440	16,690	14,896	13,710
Inventory	73,774	66,495	64,519	61,119	57,389	54,027
Other Current Assets	16,832	15,574	16,043	16,380	14,672	14,538
Total Current Assets	174,018	134,948	135,600	115,671	110,217	112,199
Property, Plant & Equipment	262,720	242,374	229,404	225,405	225,312	218,173
Long-Term Investments	68,453	50,064	50,284	46,034	46,099	45,947
Goodwill	6,727	3,470	1,828	1,807	2,323	1,496
Other Intangible Assets	17,521	15,758	15,935	16,619	15,436	14,497
Long-Term Deferred Tax Assets	-	12,414	10,631	10,508	9,900	11,039
Other Long-Term Assets	-	1	1	2	-	1
Total Assets	529,439	460,068	444,807	417,107	410,365	404,458
Accounts Payable	95,113	68,038	64,662	59,504	57,237	59,423
Accrued Expenses	2,852	4,778	4,374	3,880	3,738	3,839
Short-Term Debt	55,111	42,358	41,793	39,041	36,841	31,962
Current Portion of Long-Term Debt	10,028	14,383	14,132	11,736	17,795	30,505
Current Portion of Leases	-	2,498	3,188	2,286	2,445	2,574
Current Income Taxes Payable	4,041	4,729	5,267	4,744	3,480	7,848
Other Current Liabilities	42,743	30,944	33,503	29,242	26,509	29,333
Total Current Liabilities	209,888	167,728	166,919	150,433	148,045	165,484
Long-Term Debt	70,537	60,102	54,495	55,766	57,511	44,520
Long-Term Leases	-	9,228	9,439	9,950	10,862	11,320
Pension & Post-Retirement Benefits	7,094	6,744	7,211	6,913	6,793	6,477
Long-Term Deferred Tax Liabilities	-	301	269	231	198	247
Other Long-Term Liabilities	41,403	27,924	27,148	26,296	24,437	21,221
Total Liabilities	328,922	272,027	265,481	249,589	247,846	249,269
Common Stock	13,609	13,609	13,609	13,609	13,609	13,609
Additional Paid-In Capital	20,054	20,053	20,066	20,062	20,063	20,049
Retained Earnings	148,955	138,470	128,340	119,567	115,030	108,998
Treasury Stock	-2,919	-2,929	-816	-831	-547	-561
Comprehensive Income & Other	2,899	2,007	2,869	345	553	900
Total Common Equity	182,598	171,210	164,068	152,752	148,708	142,995
Minority Interest	17,919	16,831	15,258	14,766	13,811	12,194
Shareholders' Equity	200,517	188,041	179,326	167,518	162,519	155,189
Total Liabilities & Equity	529,439	460,068	444,807	417,107	410,365	404,458
Total Debt	135,676	128,569	123,047	118,779	125,454	120,881
Net Cash (Debt)	-93,775	-105,937	-93,449	-97,297	-102,194	-90,957
Net Cash Per Share	-1780.35	-1998.89	-1744.69	-1812.17	-1903.05	-1693.96
Filing Date Shares Outstanding	52.68	52.67	53.57	53.56	53.7	53.7
Total Common Shares Outstanding	52.68	52.67	53.57	53.56	53.7	53.7
Working Capital	-35,870	-32,780	-31,319	-34,762	-37,828	-53,285
Book Value Per Share	3466.49	3250.67	3062.94	2852.08	2769.13	2663.03
Tangible Book Value	158,350	151,982	146,305	134,326	130,949	127,002
Tangible Book Value Per Share	3006.16	2885.60	2731.33	2508.04	2438.43	2365.19

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