System D Balance Sheet

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Cash & Equivalents	1,126	2,100	2,025	1,187	1,225	1,135
Short-Term Investments	698	399	-	-	-	-
Cash & Short-Term Investments	1,824	2,499	2,025	1,187	1,225	1,135
Cash Growth	19.61%	23.41%	70.60%	-3.10%	7.93%	4.42%
Receivables	1,033	573	624	574	443	442
Inventory	237	114	59	90	113	55
Other Current Assets	31	424	369	361	338	291
Total Current Assets	3,125	3,610	3,077	2,212	2,119	1,923
Property, Plant & Equipment	1,974	1,954	1,972	1,997	1,829	750
Long-Term Investments	518	501	482	486	456	430
Goodwill	142	148	173	198	70	90
Other Intangible Assets	963	987	1,112	1,200	1,268	1,353
Long-Term Deferred Tax Assets	104	158	145	151	155	148
Other Long-Term Assets	1	2	2	1	2	2
Total Assets	6,827	7,360	6,963	6,245	5,899	4,696
Accounts Payable	203	196	219	191	160	214
Accrued Expenses	31	182	148	158	173	158
Current Portion of Long-Term Debt	119	119	119	119	128	31
Current Income Taxes Payable	9	356	266	322	404	288
Current Unearned Revenue	811	1,017	1,116	643	626	498
Other Current Liabilities	301	56	50	83	108	53
Total Current Liabilities	1,474	1,926	1,918	1,516	1,599	1,242
Long-Term Debt	43	73	193	313	433	8
Pension & Post-Retirement Benefits	326	319	295	305	271	323
Other Long-Term Liabilities	40	36	53	18	17	24
Total Liabilities	1,883	2,354	2,459	2,152	2,320	1,597
Common Stock	484	484	484	484	484	484
Additional Paid-In Capital	619	619	619	619	619	619
Retained Earnings	3,932	4,006	3,533	3,125	2,621	2,144
Treasury Stock	-125	-125	-134	-143	-143	-143
Comprehensive Income & Other	34	22	2	8	-2	-5
Shareholders' Equity	4,944	5,006	4,504	4,093	3,579	3,099
Total Liabilities & Equity	6,827	7,360	6,963	6,245	5,899	4,696
Total Debt	162	192	312	432	561	39
Net Cash (Debt)	1,662	2,307	1,713	755	664	1,096
Net Cash Growth	33.71%	34.68%	126.89%	13.71%	-39.42%	16.72%
Net Cash Per Share	259.16	359.79	267.41	117.93	103.72	170.69
Filing Date Shares Outstanding	6.41	6.41	6.41	6.4	6.4	6.4
Total Common Shares Outstanding	6.41	6.41	6.41	6.4	6.4	6.4
Working Capital	1,651	1,684	1,159	696	520	681
Book Value Per Share	770.88	780.55	702.78	639.26	558.98	484.01
Tangible Book Value	3,839	3,871	3,219	2,695	2,241	1,656
Tangible Book Value Per Share	598.59	603.58	502.27	420.91	350.01	258.64
Order Backlog	-	3,498	2,986	2,814	2,714	2,647

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.