SDS 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	FY 2021
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	Mar '21 Mar 31, 2021
Cash & Equivalents	457	499	656	439	469	112
Cash & Short-Term Investments	457	499	656	439	469	112
Cash Growth	2.70%	-23.93%	49.43%	-6.40%	318.75%	-74.54%
Receivables	9	66	89	147	312	98
Inventory	2,053	1,849	1,686	2,111	1	3
Prepaid Expenses	13	14	11	12	12	13
Other Current Assets	128	168	67	139	105	18
Total Current Assets	2,660	2,596	2,509	2,848	899	244
Property, Plant & Equipment	2,157	1,577	1,048	1,370	-	-
Long-Term Investments	134	134	125	120	22	32
Goodwill	364	384	94	106	-	-
Other Intangible Assets	2	3	4	-	-	-
Long-Term Deferred Tax Assets	5	8	8	10	-	-
Other Long-Term Assets	2	3	2	2	-	1
Total Assets	5,324	4,705	3,790	4,456	921	277
Accounts Payable	8	9	20	7	11	5
Short-Term Debt	1,942	1,809	1,377	2,021	-	-
Current Portion of Long-Term Debt	179	153	124	136	-	-
Current Income Taxes Payable	87	176	94	145	247	125
Other Current Liabilities	155	142	163	172	13	34
Total Current Liabilities	2,371	2,289	1,778	2,481	271	164
Long-Term Debt	2,056	1,552	1,095	1,235	-	-
Other Long-Term Liabilities	118	128	136	120	54	74
Total Liabilities	4,545	3,969	3,009	3,836	325	238
Common Stock	2,187	2,165	2,119	1,993	1,882	1,434
Additional Paid-In Capital	2,285	2,263	2,217	2,091	1,980	1,532
Retained Earnings	-3,856	-3,821	-3,669	-3,564	-3,268	-2,934
Comprehensive Income & Other	1	-1	-	1	2	7
Total Common Equity	617	606	667	521	596	39
Minority Interest	162	130	114	99	-	-
Shareholders' Equity	779	736	781	620	596	39
Total Liabilities & Equity	5,324	4,705	3,790	4,456	921	277
Total Debt	4,177	3,514	2,596	3,392	-	-
Net Cash (Debt)	-3,720	-3,015	-1,940	-2,953	469	112
Net Cash Growth	-	-	-	-	318.75%	-53.33%
Net Cash Per Share	-363.69	-303.67	-217.59	-344.77	77.49	23.57
Filing Date Shares Outstanding	10.43	10.23	9.83	8.73	8.05	5.62
Total Common Shares Outstanding	10.43	10.23	9.83	8.73	8.05	5.32
Working Capital	289	307	731	367	628	80
Book Value Per Share	59.14	59.22	67.83	59.66	74.01	7.33
Tangible Book Value	251	219	569	415	596	39
Tangible Book Value Per Share	24.06	21.40	57.87	47.52	74.01	7.33
Order Backlog	-	63.11	64.05	182.14	184.08	225.79

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