Link and Motivation 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 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	7,503	11,374	8,607	7,389	6,112	4,917
Cash & Short-Term Investments	7,503	11,374	8,607	7,389	6,112	4,917
Cash Growth	-13.63%	32.15%	16.48%	20.89%	24.30%	-23.76%
Accounts Receivable	4,603	4,801	4,100	3,627	3,299	3,851
Other Receivables	-	481	410	688	671	329
Receivables	4,603	5,282	4,510	4,315	3,970	4,180
Inventory	251	238	297	225	183	200
Prepaid Expenses	-	605	448	386	335	403
Other Current Assets	4,244	54	78	386	33	32
Total Current Assets	16,601	17,553	13,940	12,701	10,633	9,732
Property, Plant & Equipment	3,686	3,910	3,718	4,190	3,907	4,786
Long-Term Investments	4,646	4,414	3,383	1,823	2,027	2,912
Goodwill	12,010	11,983	9,346	9,347	9,347	9,410
Other Intangible Assets	2,680	2,667	2,066	2,194	2,417	2,234
Long-Term Deferred Tax Assets	433	468	721	584	617	984
Other Long-Term Assets	5	4	4	4	4	4
Total Assets	40,061	40,999	33,178	30,843	28,952	30,062
Accounts Payable	1,679	2,560	2,111	1,821	1,858	2,094
Accrued Expenses	-	1,145	987	1,060	961	1,099
Short-Term Debt	7,157	3,000	900	5,000	3,700	5,500
Current Portion of Long-Term Debt	-	2,286	1,876	1,158	1,364	1,661
Current Portion of Leases	969	1,028	887	1,005	905	1,079
Current Income Taxes Payable	500	1,780	1,826	1,534	1,097	1,251
Other Current Liabilities	4,175	2,262	1,528	1,549	1,852	2,334
Total Current Liabilities	14,480	14,061	10,115	13,127	11,737	15,018
Long-Term Debt	6,748	7,005	5,778	1,264	2,332	1,716
Long-Term Leases	2,032	2,221	2,188	2,669	2,824	3,929
Long-Term Deferred Tax Liabilities	387	398	223	386	269	256
Other Long-Term Liabilities	494	498	490	458	446	496
Total Liabilities	24,141	24,183	18,794	17,904	17,608	21,415
Common Stock	1,380	1,380	1,380	1,380	1,380	1,380
Additional Paid-In Capital	3,642	3,658	2,680	4,619	4,464	3,879
Retained Earnings	9,863	9,424	9,447	7,396	5,487	4,406
Treasury Stock	-1,587	-	-1,182	-1,539	-320	-320
Comprehensive Income & Other	-785	-872	-1,040	-1,691	-1,852	-1,852
Total Common Equity	12,513	13,590	11,285	10,165	9,159	7,493
Minority Interest	3,407	3,226	3,099	2,774	2,185	1,154
Shareholders' Equity	15,920	16,816	14,384	12,939	11,344	8,647
Total Liabilities & Equity	40,061	40,999	33,178	30,843	28,952	30,062
Total Debt	16,906	15,540	11,629	11,096	11,125	13,885
Net Cash (Debt)	-9,403	-4,166	-3,022	-3,707	-5,013	-8,968
Net Cash Per Share	-86.02	-38.45	-28.14	-33.27	-44.93	-85.21
Filing Date Shares Outstanding	110.13	110.18	106.48	108.16	111.56	111.56
Total Common Shares Outstanding	110.13	110.94	106.48	109.45	111.56	111.56
Working Capital	2,121	3,492	3,825	-426	-1,104	-5,286
Book Value Per Share	113.62	122.50	105.98	92.87	82.10	67.16
Tangible Book Value	-2,177	-1,060	-127	-1,376	-2,605	-4,151
Tangible Book Value Per Share	-19.77	-9.55	-1.19	-12.57	-23.35	-37.21
Order Backlog	-	20,905	18,214	15,801	15,437	14,770