TRADE WORKS Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2015
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '15 Dec 31, 2015
Cash & Equivalents	635	804	615	688	473
Cash & Short-Term Investments	635	804	615	688	473
Cash Growth	13.19%	30.73%	-10.61%	45.45%	-
Receivables	521	553	728	195	58
Inventory	565	330	380	406	21
Other Current Assets	127	43	101	65	10
Total Current Assets	1,848	1,730	1,824	1,354	575
Property, Plant & Equipment	426	259	275	77	3
Long-Term Investments	730	441	443	420	58
Goodwill	356	281	336	121	-
Other Intangible Assets	285	118	67	148	-
Long-Term Deferred Tax Assets	71	73	97	57	12
Other Long-Term Assets	2	2	1	1	1
Total Assets	3,718	2,904	3,043	2,178	650
Accounts Payable	208	198	176	123	22
Accrued Expenses	33	17	17	3	-
Short-Term Debt	530	430	50	-	30
Current Portion of Long-Term Debt	169	113	117	9	54
Current Income Taxes Payable	114	42	329	3	96
Other Current Liabilities	143	317	358	401	43
Total Current Liabilities	1,197	1,117	1,047	539	245
Long-Term Debt	465	305	418	-	105
Other Long-Term Liabilities	230	66	66	66	1
Total Liabilities	2,041	1,626	1,658	716	391
Common Stock	582	312	312	312	42
Additional Paid-In Capital	572	302	302	302	32
Retained Earnings	524	664	938	1,046	184
Treasury Stock	-	-	-167	-200	-
Comprehensive Income & Other	-1	-	-	2	1
Shareholders' Equity	1,677	1,278	1,385	1,462	259
Total Liabilities & Equity	3,718	2,904	3,043	2,178	650
Total Debt	1,164	848	585	9	189
Net Cash (Debt)	-529	-44	30	679	284
Net Cash Growth	-	-	-95.58%	139.08%	-
Net Cash Per Share	-147.36	-13.06	9.12	199.20	129.68
Filing Date Shares Outstanding	3.9	3.9	3.3	3.27	2.19
Total Common Shares Outstanding	3.9	3.45	3.3	3.27	2.19
Working Capital	651	613	777	815	330
Book Value Per Share	429.90	370.94	419.63	446.84	118.26
Tangible Book Value	1,036	879	982	1,193	259
Tangible Book Value Per Share	265.58	255.13	297.53	364.62	118.26
Order Backlog	-	920.73	947.79	759.45	-

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