Global Link Management Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	14,564	11,291	8,648	3,531	2,272
Cash & Short-Term Investments	14,564	11,291	8,648	3,531	2,272
Cash Growth	28.99%	30.56%	144.92%	55.41%	20.40%
Receivables	79	11	-1	-4	-3
Inventory	27,496	19,806	17,945	25,755	15,128
Other Current Assets	2,803	2,935	1,640	1,269	704
Total Current Assets	44,942	34,043	28,232	30,551	18,101
Property, Plant & Equipment	1,279	1,320	3,209	1,307	257
Long-Term Investments	862	568	164	72	478
Other Intangible Assets	65	50	86	109	117
Long-Term Deferred Tax Assets	500	432	355	278	74
Other Long-Term Assets	2	1	1	2	2
Total Assets	47,650	36,414	32,047	32,319	19,029
Accounts Payable	26	32	-	-	-
Short-Term Debt	7,944	6,288	2,628	4,923	699
Current Portion of Long-Term Debt	3,070	4,332	8,344	6,605	6,696
Current Income Taxes Payable	2,020	2,656	2,682	2,535	1,507
Other Current Liabilities	778	725	387	502	471
Total Current Liabilities	13,838	14,033	14,041	14,565	9,373
Long-Term Debt	18,613	10,677	8,974	11,202	5,068
Other Long-Term Liabilities	213	87	93	107	110
Total Liabilities	32,664	24,797	23,108	25,874	14,551
Common Stock	610	582	568	553	516
Additional Paid-In Capital	412	382	368	353	316
Retained Earnings	14,177	10,606	7,992	5,531	3,645
Treasury Stock	-300	-	-	-	-
Comprehensive Income & Other	71	34	1	1	1
Total Common Equity	14,970	11,604	8,929	6,438	4,478
Minority Interest	16	13	10	7	-
Shareholders' Equity	14,986	11,617	8,939	6,445	4,478
Total Liabilities & Equity	47,650	36,414	32,047	32,319	19,029
Total Debt	29,627	21,297	19,946	22,730	12,463
Net Cash (Debt)	-15,063	-10,006	-11,298	-19,199	-10,191
Net Cash Per Share	-938.58	-625.17	-707.21	-1205.99	-648.68
Filing Date Shares Outstanding	15.92	16.01	15.99	15.92	15.47
Total Common Shares Outstanding	15.92	16.01	15.99	15.92	15.47
Working Capital	31,104	20,010	14,191	15,986	8,728
Book Value Per Share	940.39	724.72	558.31	404.33	289.46
Tangible Book Value	14,905	11,554	8,843	6,329	4,361
Tangible Book Value Per Share	936.30	721.60	552.94	397.48	281.90

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