TRE 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
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
Cash & Equivalents	26,590	30,383	21,130	24,143	24,485
Cash & Short-Term Investments	26,590	30,383	21,130	24,143	24,485
Cash Growth	33.87%	43.79%	-12.48%	-1.40%	-
Accounts Receivable	21,864	19,051	11,167	9,848	9,255
Other Receivables	736	281	825	1,136	898
Receivables	22,600	19,332	11,992	10,984	10,153
Inventory	3,524	3,347	3,032	3,031	2,717
Other Current Assets	2,406	2,165	2,105	1,019	759
Total Current Assets	55,120	55,227	38,259	39,177	38,114
Property, Plant & Equipment	98,012	89,943	86,804	81,176	78,987
Long-Term Investments	7,421	10,334	9,237	3,711	3,624
Goodwill	3,927	3,087	5,435	5,870	6,417
Other Intangible Assets	1,309	1,392	755	606	546
Long-Term Deferred Tax Assets	1,864	1,053	552	622	672
Long-Term Deferred Charges	-	1,008	1,115	1,126	1,163
Other Long-Term Assets	3,487	3	2	2	1
Total Assets	171,140	162,047	142,159	132,290	129,524
Accounts Payable	3,423	3,833	3,666	3,846	3,467
Accrued Expenses	936	989	931	819	771
Short-Term Debt	13,982	13,492	12,052	10,302	6,458
Current Portion of Long-Term Debt	14,934	5,513	4,941	5,501	5,710
Current Income Taxes Payable	3,445	10,179	4,705	4,074	4,616
Other Current Liabilities	8,193	4,481	6,119	2,469	3,409
Total Current Liabilities	44,913	38,487	32,414	27,011	24,431
Long-Term Debt	35,716	41,686	35,607	32,320	35,155
Pension & Post-Retirement Benefits	580	564	541	509	448
Long-Term Deferred Tax Liabilities	2,034	1,935	1,836	2,448	2,529
Other Long-Term Liabilities	3,959	3,951	2,678	2,865	2,788
Total Liabilities	87,202	86,623	73,076	65,153	65,351
Common Stock	10,000	10,000	10,000	10,000	10,000
Additional Paid-In Capital	33,891	33,891	33,892	34,012	34,080
Retained Earnings	44,817	34,899	24,685	23,149	20,277
Treasury Stock	-7,606	-5,958	-1,635	-1,641	-1,697
Comprehensive Income & Other	392	328	197	-37	-65
Total Common Equity	81,494	73,160	67,139	65,483	62,595
Minority Interest	2,444	2,264	1,944	1,654	1,578
Shareholders' Equity	83,938	75,424	69,083	67,137	64,173
Total Liabilities & Equity	171,140	162,047	142,159	132,290	129,524
Total Debt	64,632	60,691	52,600	48,123	47,323
Net Cash (Debt)	-38,042	-30,308	-31,470	-23,980	-22,838
Net Cash Per Share	-796.20	-596.67	-612.65	-466.91	-533.55
Filing Date Shares Outstanding	47.78	48.8	51.37	51.36	51.36
Total Common Shares Outstanding	47.78	48.8	51.37	51.36	51.36
Working Capital	10,207	16,740	5,845	12,166	13,683
Book Value Per Share	1705.62	1499.14	1306.98	1275.03	1218.70
Tangible Book Value	76,258	68,681	60,949	59,007	55,632
Tangible Book Value Per Share	1596.04	1407.36	1186.48	1148.93	1083.13

Source: S&P Capital IQ. Standard template. Financial Sources.