Double Standard 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	4,919	5,346	4,461	4,160	3,136	2,629
Cash & Short-Term Investments	4,919	5,346	4,461	4,160	3,136	2,629
Cash Growth	10.08%	19.84%	7.24%	32.65%	19.29%	24.01%
Receivables	766.06	989	1,009	777	599	389
Inventory	51.51	13	30	44	155	33
Prepaid Expenses	36.89	13	23	15	8	7
Other Current Assets	104.79	41	8	3	53	54
Total Current Assets	5,878	6,402	5,531	4,999	3,951	3,112
Property, Plant & Equipment	605.01	628	418	77	83	37
Long-Term Investments	-	101	195	97	344	264
Goodwill	234.91	260	293	327	-	-
Other Intangible Assets	57.59	74	93	62	47	36
Long-Term Deferred Tax Assets	30.75	58	52	49	28	15
Other Long-Term Assets	97.33	3	2	2	2	1
Total Assets	6,903	7,526	6,584	5,613	4,455	3,465
Accounts Payable	379.85	401	324	312	358	323
Accrued Expenses	59.76	23	27	11	6	7
Current Income Taxes Payable	8.07	634	597	572	550	343
Other Current Liabilities	29.1	37	27	12	8	9
Total Current Liabilities	476.79	1,095	975	907	922	682
Pension & Post-Retirement Benefits	53.08	46	39	40	-	-
Long-Term Deferred Tax Liabilities	0.3	-	-	-	-	3
Other Long-Term Liabilities	0	3	3	2	1	-
Total Liabilities	530.17	1,144	1,017	949	923	685
Common Stock	263.78	263	263	263	263	263
Additional Paid-In Capital	142.46	142	253	253	253	253
Retained Earnings	6,062	6,071	5,032	4,057	2,974	2,265
Treasury Stock	-95.2	-95	-95	-2	-1	-
Comprehensive Income & Other	-0	1	1	1	43	-1
Total Common Equity	6,373	6,382	5,454	4,572	3,532	2,780
Minority Interest	-	-	113	92	-	-
Shareholders' Equity	6,373	6,382	5,567	4,664	3,532	2,780
Total Liabilities & Equity	6,903	7,526	6,584	5,613	4,455	3,465
Net Cash (Debt)	4,919	5,346	4,461	4,160	3,136	2,629
Net Cash Growth	10.08%	19.84%	7.24%	32.65%	19.29%	24.01%
Net Cash Per Share	363.91	395.54	329.01	306.35	230.94	193.60
Filing Date Shares Outstanding	13.52	13.52	13.52	13.58	13.58	13.58
Total Common Shares Outstanding	13.52	13.52	13.52	13.58	13.58	13.58
Working Capital	5,401	5,307	4,556	4,092	3,029	2,430
Book Value Per Share	471.54	472.19	403.53	336.70	260.11	204.72
Tangible Book Value	6,081	6,048	5,068	4,183	3,485	2,744
Tangible Book Value Per Share	449.90	447.47	374.97	308.05	256.64	202.07

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