NISSAN SHATAI | FOR INVESTORS | Financial Information

Historical Financial Statements

Updated May 13, 2026

(Unit: million yen)

Assets
	FY2021	FY2022	FY2023	FY2024	FY2025
	2022/3	2023/3	2024/3	2025/3	2026/3
Current assets
Cash on hand and in banks	405	396	678	70,883	74,708
Notes and accounts receivable - trade, and contract assets	51,409	67,852	52,991	75,193	83,677
Work in process	867	832	826	746	888
Raw materials and supplies	3,316	4,127	3,604	4,415	5,050
Current portion of long- term loans receivable	-	93	40,000	-	-
Accounts receivable-other	1,430	629	1,004	591	1,202
Deposits paid	52,463	49,031	40,736	22,173	12,288
Other	812	254	189	215	183
Total current assets	110,705	123,124	140,030	174,219	178,000
Fixed assets
Property, plant and equipment
Buildings and structures, net	10,586	11,072	12,325	12,922	11,921
Machinery, equipment and vehicles, net	12,334	11,757	13,971	18,164	15,626
Tools, furniture and fixtures, net	5,736	4,375	3,760	34,972	32,843
Land	14,228	14,228	14,132	14,132	14,126
Construction in progress	2,763	8,809	36,431	6,595	11,437
Total property, plant and equipment	45,651	50,244	80,622	86,787	85,954
Intangible fixed assets	848	1,906	2,251	2,129	1,639
Investments and other assets
Investment securities	324	324	324	324	324
Long-term loans receivable	70,094	70,000	30,000	-	-
Long-term prepaid expenses	16	0	-	-	-
Retirement benefit asset	-	-	2,958	5,325	9,373
Deferred tax assets	3,245	3,221	1,884	851	1,564
Other	348	327	304	274	283
Total investments and other assets	74,028	73,873	35,472	6,775	11,545
Total fixed assets	120,527	126,025	118,345	95,693	99,139
Total assets	231,233	249,149	258,376	269,913	277,139

(Unit: million yen)

Liabilities
	FY2021	FY2022	FY2023	FY2024	FY2025
	2022/3	2023/3	2024/3	2025/3	2026/3
Current liabilities
Trade notes and accounts payable	31,104	39,355	28,738	42,834	48,333
Electronically recorded obligations-operating	7,242	12,901	10,494	13,993	12,551
Lease obligations	2,898	1,721	12,393	15,421	3,292
Accounts payable-other	1,224	2,756	3,493	2,638	2,232
Accrued expenses	8,165	8,242	8,638	8,779	10,721
Income taxes payable	126	877	123	596	4,832
Deposits received	279	223	267	232	211
Deposits received from employees	2,819	2,681	2,476	2,296	2,150
Accrued warranty costs	198	168	129	157	172
Other	751	2,011	1,637	1,524	2,944
Total current liabilities	54,810	70,938	68,392	88,474	87,440
Long-term liabilities
Lease obligations	1,159	550	12,279	1,726	737
Accrued warranty costs	185	252	226	341	401
Provision for business restructuring	-	-	-	-	2,129
Net defined benefit liabilities	1,289	2,833	1,690	1,311	1,231
Asset retirement obligations	1,123	1,124	1,094	1,095	1,095
Other	474	461	358	403	282
Total long-term liabilities	4,232	5,222	15,649	4,877	5,877
Total liabilities	59,042	76,161	84,042	93,351	93,318

(Unit: million yen)

Net assets
	FY2021	FY2022	FY2023	FY2024	FY2025
	2022/3	2023/3	2024/3	2025/3	2026/3
Shareholders' equity
Common stock	7,904	7,904	7,904	7,904	7,904
Capital surplus	8,517	8,517	8,317	8,317	8,317
Retained earnings	173,517	175,639	151,849	153,121	158,254
Treasury stock	(22,635)	(22,636)	(0)	(0)	(0)
Total shareholders' equity	167,303	169,425	168,072	169,344	174,477
Accumulated other comprehensive income
Remeasurements of defined benefit plans	4,886	3,561	6,261	7,217	9,343
Total accumulated other comprehensive income	4,886	3,561	6,261	7,217	9,343
Total net assets	172,190	172,987	174,333	176,561	183,821
Total liabilities and net assets	231,233	249,149	258,376	269,913	277,139

Updated May 13, 2026

(Unit: million yen)

	FY2021	FY2022	FY2023	FY2024	FY2025
	2022/3	2023/3	2024/3	2025/3	2026/3
Net sales	215,359	307,521	301,071	350,508	403,800
Cost of sales	212,146	295,930	292,633	338,187	382,061
Gross profit	3,213	11,590	8,437	12,320	21,738
Selling, general and administrative expenses	6,752	7,199	7,458	7,173	7,576
Operating income (loss)	(3,538)	4,390	979	5,147	14,161
Non-operating income
Interest income	340	342	315	476	408
Dividends income	3	3	3	3	3
Rent income on fixed assets	212	214	215	252	340
Gain on sale of scraps	170	-	-	-	258
Subsidies for employment adjustment	323	251	-	-	-
Other	153	136	138	118	54
Total non-operating income	1,203	949	672	850	1,065
Non-operating expenses
Interest expense	50	56	53	47	43
Rent expenses on fixed assets	133	139	171	33	32
Depreciation and amortization	5	8	12	44	53
Other	16	18	21	25	18
Total non-operating expenses	207	221	258	151	147
Ordinary income (loss)	(2,541)	5,118	1,392	5,847	15,080
Special gains
Gain on sales of fixed assets	1	1	147	27	346
Reversal of recall expenses	-	560	-	-	-
Compensation income	-	-	-	128	280
Others	-	-	-	-	48
Total special gains	1	562	147	156	674
Special losses
Loss on retirement of fixed assets	510	491	655	983	864
Impairment loss	-	-	155	172	2,855
Penalty	-	-	-	494	-
Compensation expenses	-	-	-	254	-
Provision for business restructuring	-	-	-	-	2,129
Other	40	-	2	8	0
Total special losses	550	491	813	1,913	5,850
Income (loss) before income taxes and minority interests	(3,091)	5,189	726	4,090	9,904
Income taxes-current	50	753	126	449	4,796
Income taxes-deferred	(924)	552	192	607	(1,785)
Total income taxes	(873)	1,306	319	1,057	3,010
Net income (loss)	(2,217)	3,883	407	3,033	6,893
Profit (loss) attributable to owners of parent	(2,217)	3,883	407	3,033	6,893

Updated May 13, 2026

(Unit: million yen)

	FY2021	FY2022	FY2023	FY2024	FY2025
	2022/3	2023/3	2024/3	2025/3	2026/3
Cash flows from operating activities	7,872	10,985	7,687	8,997	22,181
Cash flows from investing activities	(75,155)	(9,305)	(12,110)	59,104	(10,003)
Cash flows from financing activities	(5,625)	(5,122)	(3,590)	(16,459)	(18,237)
Increase (decrease) in cash and cash equivalents	(72,909)	(3,441)	(8,012)	51,642	(6,059)
Cash and cash equivalents at beginning of the period	125,778	52,869	49,427	41,414	93,056
Cash and cash equivalents at end of the period	52,869	49,427	41,414	93,056	86,997