Soracom 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	8,202	8,917	7,697	3,532	1,623
Cash & Short-Term Investments	8,202	8,917	7,697	3,532	1,623
Cash Growth	-11.96%	15.85%	117.92%	117.62%	-
Accounts Receivable	2,374	2,424	1,737	887	779
Receivables	2,374	2,424	1,737	887	2,919
Inventory	636.25	386	388	373	357
Other Current Assets	582.95	581	272	282	191
Total Current Assets	11,795	12,308	10,094	5,074	5,090
Property, Plant & Equipment	444.04	85	96	94	61
Long-Term Investments	161.6	332	329	306	342
Goodwill	715.61	47	-	-	-
Other Intangible Assets	966.81	507	282	187	140
Long-Term Deferred Tax Assets	106.39	105	94	-	-
Long-Term Deferred Charges	11.1	17	20	-	-
Other Long-Term Assets	223.15	2	2	2	1
Total Assets	14,424	13,403	10,917	5,663	5,634
Accounts Payable	608.25	814	579	196	156
Accrued Expenses	80.32	67	69	42	16
Current Portion of Long-Term Debt	250	249	-	-	-
Current Portion of Leases	2.82	12	12	8	11
Other Current Liabilities	686.6	1,177	1,801	1,403	1,553
Total Current Liabilities	2,466	2,319	2,461	1,649	1,736
Long-Term Debt	500.01	687	-	-	-
Long-Term Leases	-	-	12	16	30
Other Long-Term Liabilities	37.08	44	41	37	29
Total Liabilities	3,003	3,050	2,514	1,702	1,795
Common Stock	2,787	2,746	2,004	100	100
Additional Paid-In Capital	5,840	6,277	5,532	3,627	3,627
Retained Earnings	1,842	855	502	16	-54
Comprehensive Income & Other	581.31	437	365	218	166
Total Common Equity	11,050	10,315	8,403	3,961	3,839
Minority Interest	370.45	38	-	-	-
Shareholders' Equity	11,421	10,353	8,403	3,961	3,839
Total Liabilities & Equity	14,424	13,403	10,917	5,663	5,634
Total Debt	752.83	948	24	24	41
Net Cash (Debt)	7,449	7,969	7,673	3,508	1,582
Net Cash Growth	-10.25%	3.86%	118.73%	121.74%	-
Net Cash Per Share	164.34	168.92	198.62	91.15	41.10
Filing Date Shares Outstanding	45.33	45.24	45.08	38.49	38.49
Total Common Shares Outstanding	45.33	45.15	43.22	38.49	38.49
Working Capital	9,329	9,989	7,633	3,425	3,354
Book Value Per Share	243.80	228.44	194.42	102.92	99.75
Tangible Book Value	9,368	9,761	8,121	3,774	3,699
Tangible Book Value Per Share	206.69	216.17	187.90	98.06	96.11

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