System Research Co.,Ltd. (TYO:3771)

System Research Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	7,020	8,203	8,326	7,371	6,349	5,843
Cash & Short-Term Investments	7,020	8,203	8,326	7,371	6,349	5,843
Cash Growth	-7.62%	-1.48%	12.96%	16.10%	8.66%	8.87%
Receivables	5,457	4,831	4,227	4,100	3,653	3,162
Inventory	68	8	8	9	7	90
Other Current Assets	160	565	428	424	406	87
Total Current Assets	12,705	13,607	12,989	11,904	10,415	9,182
Property, Plant & Equipment	3,234	2,822	2,025	1,142	976	1,011
Long-Term Investments	786	257	257	231	755	717
Goodwill	81	114	180	245	311	-
Other Intangible Assets	210	199	168	144	120	122
Long-Term Deferred Tax Assets	-	525	526	513	306	165
Other Long-Term Assets	1	2	-	2	1	3
Total Assets	17,017	17,526	16,145	14,181	12,884	11,200
Accounts Payable	1,148	1,063	945	885	821	617
Accrued Expenses	1,069	1,342	1,266	1,130	1,003	825
Current Portion of Long-Term Debt	647	730	780	741	780	805
Current Income Taxes Payable	476	591	428	458	445	296
Other Current Liabilities	1,156	1,404	1,541	1,171	1,035	889
Total Current Liabilities	4,584	5,130	4,960	4,385	4,084	3,432
Long-Term Debt	437	566	661	661	622	622
Pension & Post-Retirement Benefits	-	-	-	-	43	-
Other Long-Term Liabilities	3	2	1	1	3	2
Total Liabilities	5,024	5,698	5,622	5,047	4,752	4,056
Common Stock	550	550	550	550	550	550
Additional Paid-In Capital	525	517	517	517	517	517
Retained Earnings	11,088	10,960	9,434	8,050	6,950	5,940
Treasury Stock	-195	-223	-1	-1	-1	-1
Comprehensive Income & Other	4	6	8	6	107	131
Total Common Equity	11,972	11,810	10,508	9,122	8,123	7,137
Minority Interest	21	18	15	12	9	7
Shareholders' Equity	11,993	11,828	10,523	9,134	8,132	7,144
Total Liabilities & Equity	17,017	17,526	16,145	14,181	12,884	11,200
Total Debt	1,172	1,296	1,441	1,402	1,402	1,427
Net Cash (Debt)	5,848	6,907	6,885	5,969	4,947	4,416
Net Cash Growth	-3.07%	0.32%	15.35%	20.66%	12.02%	13.46%
Net Cash Per Share	352.92	416.36	411.88	357.08	295.94	264.18
Filing Date Shares Outstanding	16.58	16.57	16.57	16.72	16.72	16.72
Total Common Shares Outstanding	16.58	16.57	33.43	16.72	16.72	16.72
Working Capital	8,121	8,477	8,029	7,519	6,331	5,750
Book Value Per Share	721.86	712.92	314.31	545.71	485.94	426.95
Tangible Book Value	11,681	11,497	10,160	8,733	7,692	7,015
Tangible Book Value Per Share	704.31	694.02	303.90	522.43	460.15	419.65
Order Backlog	-	3,704	4,927	4,557	4,075	3,014

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