Consolidated Balance Sheets

(unit: million yen)

	2022.3	2023.3	2024.3	2025.3
ASSETS
Current assets	899,870	1,217,914	1,308,913	1,047,130
Cash and deposits	179,769	453,502	363,938	244,388
Notes and accounts receivable assets- trade, and contract	364,683	460,111	459,297	441,533
Lease receivables and investments in leases	17,824	17,125	18,334	18,162
Merchandise and finished goods	3,467	6,030	34,476	39,006
Work in process	12,083	15,653	13,249	19,625
Raw materials and supplies	67,135	135,769	89,810	79,990
Other current assets	258,623	131,842	331,525	205,691
Allowance for doubtful accounts	-3,714	-2,122	-1,718	-1,268
Non-current assets	2,287,757	2,363,511	2,588,695	2,807,963
Property, plant and equipment	1,569,373	1,582,904	1,446,098	1,453,739
Buildings and structures, net	338,517	346,262	318,445	313,045
Machinery, equipment and vehicles, net	892,515	921,572	829,228	863,809
Tools, furniture and fixtures, net	14,484	10,714	9,883	11,173
Land	192,455	197,245	180,647	180,794
Leased assets, net	5,899	8,231	7,272	5,804
Construction in progress	125,501	98,878	100,621	79,110
Intangible assets	300,315	314,533	681,166	758,985
Investments and other assets	418,068	466,073	461,430	595,237
Investment securities	236,303	278,497	293,526	383,571
Long-term loans receivable	48,653	56,550	16,767	33,541
Retirement benefit asset	5,864	8,809	19,457	34,856
Deferred tax assets	34,670	32,849	19,841	15,484
Other investments	94,223	93,649	114,193	130,015
Allowance for doubtful accounts	-1,647	-4,283	-2,355	-2,232
Total assets	3,187,627	3,581,425	3,897,608	3,855,093
Liabilities
Current liabilities	551,990	606,158	669,504	610,214
Notes and accounts payable - trade	76,229	79,041	101,621	102,577
Short-term borrowings	6,385	6,674	9,421	11,015
Current portion of bonds payable	-	20,000	20,000	-
Current portion of long-term borrowings	48,972	59,973	44,071	67,799
Income taxes payable	33,830	118,636	38,695	19,471
Other current liabilities	386,573	321,832	455,694	409,350
Non-current liabilities	1,354,486	1,385,965	1,469,281	1,443,408
Bonds payable	548,619	548,976	639,687	651,350
Long-term borrowings	568,725	607,262	629,944	577,843
Retirement benefit liability	66,195	64,570	62,908	58,194
Other noncurrent liabilities	170,947	165,157	136,742	156,021
Total liabilities	1,906,477	1,992,124	2,138,785	2,053,623
Net assets
Shareholders' equity	1,215,350	1,449,094	1,479,204	1,403,947
Share capital	141,844	141,844	141,844	141,844
Capital surplus	846	-	4,122	4,122
Retained earnings	1,076,184	1,310,908	1,337,696	1,343,185
Treasury shares	-3,524	-3,658	-4,459	-85,205
Accumulated other comprehensive income	36,430	109,309	214,274	321,498
Valuation difference on available-for-sale securities	18,866	30,954	59,727	71,608
Deferred gains or losses on hedges	-11,904	-9,626	31,564	34,175
Foreign currency translation adjustment	32,545	86,226	115,296	203,097
Remeasurements of defined benefit plans	-3,076	1,754	7,685	12,617
Non-controlling interests	29,368	30,896	65,344	76,024
Total net assets	1,281,150	1,589,301	1,758,822	1,801,470
Total liabilities and net assets	3,187,627	3,581,425	3,897,608	3,855,093

	2021.3
ASSETS
Non-current assets	2,187,623
Property, plant and equipment	1,495,927
Production facilities	231,177
Distribution facilities	594,662
Service and maintenance facilities	15,992
Other facilities	564,811
Construction in progress	89,283
Intangible assets	295,637
Investments and other assets	396,057
Investment securities	230,782
Long-term loans receivable	57,279
Retirement benefit asset	114
Deferred tax assets	47,368
Other	60,814
Allowance for doubtful accounts	-301
Current assets	550,725
Cash and deposits	157,881
Notes and accounts receivable - trade	218,985
Lease receivables and lease investment assets	19,618
Inventories	60,040
Deferred tax assets	-
Other	95,058
Allowance for doubtful accounts	-857
Total assets	2,738,348
Liabilities
Non-current liabilities	1,145,067
Bonds payable	474,998
Long-term loans payable	458,881
Net difined benefit liabilities	58,416
Other	152,771
Current liabilities	415,010
Current portion of non-current liabilities	108,704
Notes and accounts payable - trade	84,265
Short-term loans payable	5,706
Income taxes payable	11,710
Other	204,623
Total liabilities	1,560,077
Net Assets
Shareholders' equity	1,129,845
Capital stock	141,844
Capital surplus	1,145
Retained earnings	990,762
Treasury shares	-3,907
Accumulated other comprehensive income	23,968
Valuation difference on available-for-sale securities	22,990
Defferred gains or losses on hedges	-11,240
Foreign currency translation adjustment	4,322
Remeasurements of defined benefit plans	7,895
Non-controlling interest	24,457
Total net assets	1,178,271
Total liabilities and net assets	2,738,348

* Some items in the accompanying financial statements have been summarized to preserve simplicity. Such changes are unaudited.
* The scope of consolidation was 102 companies as of March 31, 2025.
* Effective the fiscal year ended March 2023, the basis for financial statements was changed from the "Rules for Gas Business Accounting" to "Regulations on Financial Statements." (The financial statements for the fiscal year ended March 2022 were reclassified based on the "Regulations on Financial Statements.")
* Effective the fiscal year ended March 2024, receivables related to the shale gas business, previously included in “Other current assets” under “Current assets,” were changed to be included in “Notes and accounts receivable – trade, and contract assets” under “Current assets.”
Payables related to the shale gas business, previously included in “Other current liabilities” under “Current liabilities,” were changed to be included in “Notes and accounts payable – trade” under “Current liabilities.”

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