Densan 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	2,973	2,551	1,601	1,333	1,504	678
Cash & Short-Term Investments	2,973	2,551	1,601	1,333	1,504	678
Cash Growth	33.56%	59.34%	20.11%	-11.37%	121.83%	-3.97%
Accounts Receivable	7,941	7,792	6,830	7,935	7,429	7,779
Receivables	7,941	7,792	6,830	7,935	7,429	7,779
Inventory	1,349	353	118	214	171	220
Other Current Assets	1,174	1,027	1,265	1,018	1,495	349
Total Current Assets	13,437	11,723	9,814	10,500	10,599	9,026
Property, Plant & Equipment	5,979	6,206	6,381	6,671	6,715	6,865
Long-Term Investments	1,579	923	756	723	670	564
Other Intangible Assets	1,267	2,004	1,925	1,517	2,089	2,414
Long-Term Deferred Tax Assets	-	605	669	767	699	865
Other Long-Term Assets	1	2	2	1	1	2
Total Assets	22,263	21,463	19,547	20,179	20,773	19,736
Accounts Payable	1,661	1,515	997	1,212	3,140	1,719
Accrued Expenses	315	597	600	609	644	673
Short-Term Debt	1,392	1,692	2,172	2,652	3,072	3,502
Current Portion of Long-Term Debt	240	270	564	586	1,751	351
Current Portion of Leases	-	544	474	545	379	453
Current Income Taxes Payable	783	665	4	633	143	203
Other Current Liabilities	1,837	1,104	971	1,223	1,423	1,248
Total Current Liabilities	6,228	6,387	5,782	7,460	10,552	8,149
Long-Term Debt	280	460	730	1,294	700	2,452
Long-Term Leases	-	881	951	1,174	690	996
Pension & Post-Retirement Benefits	1,000	1,023	1,253	1,329	1,417	1,417
Other Long-Term Liabilities	519	3	2	3	2	4
Total Liabilities	8,027	8,754	8,718	11,260	13,361	13,018
Common Stock	1,395	1,395	1,395	1,395	1,395	1,395
Additional Paid-In Capital	1,046	1,044	1,044	1,086	1,088	1,087
Retained Earnings	12,303	9,967	8,353	8,172	6,736	6,067
Treasury Stock	-841	-59	-101	-1,841	-1,871	-1,895
Comprehensive Income & Other	333	362	138	107	64	64
Shareholders' Equity	14,236	12,709	10,829	8,919	7,412	6,718
Total Liabilities & Equity	22,263	21,463	19,547	20,179	20,773	19,736
Total Debt	1,912	3,847	4,891	6,251	6,592	7,754
Net Cash (Debt)	1,061	-1,296	-3,290	-4,918	-5,088	-7,076
Net Cash Per Share	185.72	-223.10	-619.00	-979.29	-1015.29	-1292.66
Filing Date Shares Outstanding	5.55	5.81	5.79	5.02	5.01	5
Total Common Shares Outstanding	5.55	5.81	5.79	5.02	5.01	5
Working Capital	7,209	5,336	4,032	3,040	47	877
Book Value Per Share	2564.78	2187.26	1869.71	1778.17	1480.32	1344.59
Tangible Book Value	12,969	10,705	8,904	7,402	5,323	4,304
Tangible Book Value Per Share	2336.51	1842.36	1537.34	1475.73	1063.11	861.43
Order Backlog	-	15,773	14,177	14,702	15,139	10,456

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