SYLA Technologies Co., Ltd. (SYT) Balance Sheet

OTC Pink: SYTAssets, liabilities, debt and equity over 5 years.

SYT balance sheet, 2024

December 31, 2024 · Japanese yen

¥48.15B assets = ¥35.34B liabilities + ¥12.81B equity

What it owns¥48.15BCash & ST investments: ¥2.56B (5.3%)Receivables: ¥364.3M (0.8%)Inventory: ¥23.35B (48.5%)Inventory¥23.35B · 48%Other current: ¥1.32B (2.7%)PP&E: ¥15.41B (32.0%)PP&E¥15.41B · 32%Goodwill & intangibles: ¥941.3M (2.0%)LT investments: ¥3.31B (6.9%)LT investments ¥3.31BOther non-current: ¥907.1M (1.9%)=How it is financed¥48.15BCurrent liabilities: ¥11.58B (24.0%)Current liabilities¥11.58B · 24%Long-term debt: ¥21.26B (44.2%)Long-term debt¥21.26B · 44%Other LT liabilities: ¥2.50B (5.2%)Shareholders’ equity: ¥12.81B (26.6%)Shareholders’ equity¥12.81B · 27%

Both columns are drawn to the same scale: what SYT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SYT financial health

Current ratio2.38
Comfortable · current assets cover current liabilities 2.38×
Debt / equity3.36
High leverage · ¥3.36 of debt for each $1 of equity
Equity / assets20.0%
Balanced · of assets funded by shareholders
Cash / debt7.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles2.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2024.

SYT balance sheet trends, 2020–2024

MetricTrendThenLatestChange
Total assets¥18.69B2020¥48.15B2024+26.7%/yr
Total liabilities¥14.23B2020¥35.34B2024+25.5%/yr
Shareholders’ equity¥4.46B2020¥9.63B2024+21.2%/yr
Cash & short-term investments¥3.30B2020¥2.56B2024−6.2%/yr
Total debt¥12.44B2020¥32.36B2024+27.0%/yr
Net cash (debt)−¥9.13B2020−¥29.80B2024−¥20.7B
Working capital¥3.87B2020¥16.01B2024+¥12.1B
Current ratio1.8920202.382024+0.49
Debt / equity2.7920203.362024+0.57
Shares outstanding28.0M202026.3M2024−1.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SYT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SYT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SYT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SYT balance sheet in Japanese yen

20242023202220212020
Assets
Cash & short-term investments¥2.56B¥4.34B¥2.70B¥3.06B¥3.30B
Cash & equivalents¥2.21B¥4.02B¥2.54B¥2.74B¥2.94B
Short-term investments¥349.9M¥323.0M¥160.1M¥315.7M¥362.0M
Receivables¥364.3M¥162.7M¥67.8M¥27.2M¥34.4M
Inventory¥23.35B¥16.85B¥10.52B¥5.13B¥4.12B
Other current assets¥1.32B¥1.23B¥1.01B¥725.2M¥753.5M
Total current assets¥27.59B¥22.58B¥14.30B¥8.94B¥8.21B
Property, plant & equipment (net)¥15.41B¥14.79B¥13.20B¥10.83B¥9.64B
Goodwill & intangible assets¥941.3M¥864.0M¥922.1M¥765.8M¥65.5M
Long-term investments¥3.31B¥490.4M¥413.8M¥123.8M¥83.5M
Other non-current assets¥907.1M¥1.36B¥955.8M¥797.3M¥691.0M
Total assets¥48.15B¥40.08B¥29.79B¥21.46B¥18.69B
Liabilities
Accounts payable¥978.6M¥826.3M¥520.3M¥383.8M¥189.2M
Short-term debt¥9.12B¥9.48B¥2.29B¥2.71B¥2.91B
Deferred revenue¥859.8M¥716.5M¥228.4M¥454.1M¥380.6M
Total current liabilities¥11.58B¥12.00B¥5.13B¥4.15B¥4.34B
Long-term debt¥21.26B¥14.41B¥15.46B¥9.13B¥7.54B
Lease obligations¥2.47B¥2.40B¥2.62B¥2.60B¥2.43B
Other long-term liabilities¥2.50B¥2.50B¥2.63B¥2.60B¥2.35B
Total liabilities¥35.34B¥28.90B¥23.23B¥15.88B¥14.23B
Shareholders' equity
Common stock & paid-in capital¥65.6M¥100.0M¥161.6M¥155.0M¥457.6M
Retained earnings (deficit)¥4.53B¥3.41B¥2.77B¥2.38B¥2.11B
Accumulated other comprehensive income————−¥396,000
Total shareholders' equity¥9.63B¥8.49B¥5.92B¥5.25B¥4.46B
Key figures
Total debt¥32.36B¥25.85B¥19.93B¥14.01B¥12.44B
Net cash (debt)−¥29.80B−¥21.51B−¥17.23B−¥10.95B−¥9.13B
Working capital¥16.01B¥10.59B¥9.17B¥4.80B¥3.87B
Tangible book value¥8.69B¥7.62B¥4.99B¥4.48B¥4.39B
Shares outstanding26.3M30.4M23.9M28.0M28.0M
Current ratio2.381.882.792.161.89
Quick ratio0.250.380.540.740.77
Debt / equity3.363.053.372.672.79
Equity / assets20.0%21.2%19.9%24.5%23.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed April 30, 2025); data from EODHD.

SYT financial position

At the end of fiscal 2024 (December 31, 2024), SYLA Technologies Co. Ltd. had total assets of ¥48.2 billion (up 20.1% from a year earlier), total liabilities of ¥35.3 billion and shareholders' equity of ¥9.6 billion. It held ¥2.6 billion in cash and short-term investments against ¥32.4 billion of debt, net debt of ¥29.8 billion. Its current ratio was 2.38. In the latest quarter (ended March 31, 2025) total assets were ¥48.2 billion and equity ¥9.6 billion.

Related: SYT income statement, SYT cash flow statement, SYT key metrics. See the SYT stock overview for the latest quote and news.

SYT balance sheet FAQ

What are SYLA Technologies Co. Ltd.'s total assets?

SYLA Technologies Co. Ltd. reported total assets of ¥48.2 billion at the end of fiscal 2024 (December 31, 2024), compared with ¥40.1 billion a year earlier.

How much debt does SYLA Technologies Co. Ltd. have?

SYLA Technologies Co. Ltd. had ¥32.4 billion of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.36.

How much cash does SYLA Technologies Co. Ltd. have?

SYLA Technologies Co. Ltd. held ¥2.6 billion in cash and short-term investments at the end of fiscal 2024; with ¥32.4 billion of debt that is net debt of ¥29.8 billion.

What is SYLA Technologies Co. Ltd.'s book value?

SYLA Technologies Co. Ltd.'s shareholders' equity (book value) was ¥9.6 billion at the end of fiscal 2024.

What is SYLA Technologies Co. Ltd.'s current ratio?

SYLA Technologies Co. Ltd. had current assets of ¥27.6 billion and current liabilities of ¥11.6 billion, a current ratio of 2.38 (it can cover its short-term obligations).

How much goodwill does SYLA Technologies Co. Ltd. have?

SYLA Technologies Co. Ltd. carried ¥941.3 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2024.

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