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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '15 Dec 31, 2015
Cash & Equivalents	896	804	615	688	473
Cash & Short-Term Investments	896	804	615	688	473
Cash Growth	122.33%	30.73%	-10.61%	45.45%	-
Receivables	469	553	728	195	58
Inventory	319	330	380	406	21
Other Current Assets	91	43	101	65	10
Total Current Assets	1,775	1,730	1,824	1,354	575
Property, Plant & Equipment	414	259	275	77	3
Long-Term Investments	730	441	443	420	58
Goodwill	337	281	336	121	-
Other Intangible Assets	474	118	67	148	-
Long-Term Deferred Tax Assets	71	73	97	57	12
Other Long-Term Assets	1	2	1	1	1
Total Assets	3,802	2,904	3,043	2,178	650
Accounts Payable	168	198	176	123	22
Accrued Expenses	45	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	80	42	329	3	96
Other Current Liabilities	156	317	358	401	43
Total Current Liabilities	1,148	1,117	1,047	539	245
Long-Term Debt	422	305	418	-	105
Pension & Post-Retirement Benefits	153	138	127	111	40
Other Long-Term Liabilities	270	66	66	66	1
Total Liabilities	1,993	1,626	1,658	716	391
Common Stock	582	312	312	312	42
Additional Paid-In Capital	572	302	302	302	32
Retained Earnings	655	664	938	1,046	184
Treasury Stock	-	-	-167	-200	-
Comprehensive Income & Other	-	-	-	2	1
Shareholders' Equity	1,809	1,278	1,385	1,462	259
Total Liabilities & Equity	3,802	2,904	3,043	2,178	650
Total Debt	1,121	848	585	9	189
Net Cash (Debt)	-225	-44	30	679	284
Net Cash Growth	-	-	-95.58%	139.08%	-
Net Cash Per Share	-19.63	-1.31	0.91	19.92	12.97
Filing Date Shares Outstanding	-	39.01	33.01	32.72	21.9
Total Common Shares Outstanding	-	34.45	33.01	32.72	21.9
Working Capital	627	613	777	815	330
Book Value Per Share	-	37.09	41.96	44.68	11.83
Tangible Book Value	998	879	982	1,193	259
Tangible Book Value Per Share	-	25.51	29.75	36.46	11.83
Order Backlog	-	920.73	947.79	759.45	-

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