Will Smart Co.,LTD. Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	181	104	108	147.36	64.23	136
Cash & Short-Term Investments	181	104	108	147.36	64.23	136
Cash Growth	181.80%	-3.70%	-26.71%	129.42%	-52.77%	-40.29%
Receivables	159	235	320	400.92	245.05	635
Inventory	15	17	11	10.03	18.09	5
Prepaid Expenses	17	32	24	8.96	9.01	7
Other Current Assets	8	17	18	2.14	33.54	9
Total Current Assets	380	405	481	569.39	369.91	792
Property, Plant & Equipment	3	4	28	28.03	23.36	15
Long-Term Investments	25	27	28	-	-	12
Goodwill	-	-	49	63.26	82.24	-
Other Intangible Assets	7	-	69	90.47	105.41	217
Long-Term Deferred Tax Assets	-	-	-	-	-	12
Other Long-Term Assets	1	-	1	24.45	25.68	3
Total Assets	416	436	656	775.6	606.6	1,051
Accounts Payable	16	37	20	30.87	27.94	130
Accrued Expenses	16	11	31	37.82	15.53	9
Short-Term Debt	374	326	145	299.5	116.4	150
Current Portion of Long-Term Debt	2	2	2	2.04	2.04	-
Current Portion of Leases	-	-	-	0.36	0.58	-
Current Income Taxes Payable	17	26	24	6.43	-	66
Current Unearned Revenue	5	10	10	7.58	17.13	21
Other Current Liabilities	31	14	4	67.3	129.4	11
Total Current Liabilities	461	426	236	451.89	309.02	387
Long-Term Debt	6	6	8	10.37	12.24	-
Long-Term Leases	-	-	-	0.91	0.73	-
Other Long-Term Liabilities	-	1	3	0	0	2
Total Liabilities	467	433	247	463.18	321.99	389
Common Stock	635	635	630	545.85	545.85	545
Additional Paid-In Capital	267	267	263	117.09	117.09	459
Retained Earnings	-954	-899	-484	-260.23	-287.33	-342
Treasury Stock	-	-	-	-91	-91	-
Comprehensive Income & Other	1	-	-	0.7	-	-
Shareholders' Equity	-51	3	409	312.42	284.61	662
Total Liabilities & Equity	416	436	656	775.6	606.6	1,051
Total Debt	382	334	155	313.18	131.99	150
Net Cash (Debt)	-201	-230	-47	-165.83	-67.76	-14
Net Cash Per Share	-136.72	-156.73	-33.64	-133.30	-53.09	-10.42
Filing Date Shares Outstanding	1.47	1.47	1.4	1.24	1.28	1.34
Total Common Shares Outstanding	1.47	1.47	1.4	1.24	1.28	1.34
Working Capital	-81	-21	245	117.5	60.89	405
Book Value Per Share	-34.66	2.04	292.78	251.14	222.99	492.56
Tangible Book Value	-58	3	291	158.69	96.97	445
Tangible Book Value Per Share	-39.42	2.04	208.31	127.57	75.97	331.10
Machinery	-	-	-	47.63	39.38	-

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