TRADE WORKS Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2015
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '15 Dec 31, 2015
Cash & Equivalents	1,225	973	804	615	688	473
Cash & Short-Term Investments	1,225	973	804	615	688	473
Cash Growth	11.97%	21.02%	30.73%	-10.61%	45.45%	-
Receivables	606	794	553	728	195	58
Inventory	284	212	330	380	406	21
Other Current Assets	66	71	43	101	65	10
Total Current Assets	2,181	2,050	1,730	1,824	1,354	575
Property, Plant & Equipment	369	391	259	275	77	3
Long-Term Investments	708	659	441	443	420	58
Goodwill	287	305	281	336	121	-
Other Intangible Assets	526	542	118	67	148	-
Long-Term Deferred Tax Assets	63	66	73	97	57	12
Other Long-Term Assets	1	2	2	1	1	1
Total Assets	4,135	4,015	2,904	3,043	2,178	650
Accounts Payable	156	190	198	176	123	22
Accrued Expenses	42	31	17	17	3	-
Short-Term Debt	30	530	430	50	-	30
Current Portion of Long-Term Debt	169	169	113	117	9	54
Current Income Taxes Payable	59	200	42	329	3	96
Other Current Liabilities	280	271	317	358	401	43
Total Current Liabilities	736	1,391	1,117	1,047	539	245
Long-Term Debt	337	380	305	418	-	105
Pension & Post-Retirement Benefits	147	156	138	127	111	40
Other Long-Term Liabilities	248	216	66	66	66	1
Total Liabilities	1,468	2,143	1,626	1,658	716	391
Common Stock	1,011	582	312	312	312	42
Additional Paid-In Capital	1,047	542	302	302	302	32
Retained Earnings	600	659	664	938	1,046	184
Treasury Stock	-	-	-	-167	-200	-
Comprehensive Income & Other	-	-	-	-	2	1
Total Common Equity	2,658	1,783	1,278	1,385	1,462	259
Minority Interest	9	89	-	-	-	-
Shareholders' Equity	2,667	1,872	1,278	1,385	1,462	259
Total Liabilities & Equity	4,135	4,015	2,904	3,043	2,178	650
Total Debt	536	1,079	848	585	9	189
Net Cash (Debt)	689	-106	-44	30	679	284
Net Cash Growth	-	-	-	-95.58%	139.08%	-
Net Cash Per Share	17.58	-2.77	-1.31	0.91	19.92	12.97
Filing Date Shares Outstanding	39.67	39.03	39.01	33.01	32.72	21.9
Total Common Shares Outstanding	39.67	39.03	34.45	33.01	32.72	21.9
Working Capital	1,445	659	613	777	815	330
Book Value Per Share	67.00	45.68	37.09	41.96	44.68	11.83
Tangible Book Value	1,845	936	879	982	1,193	259
Tangible Book Value Per Share	46.50	23.98	25.51	29.75	36.46	11.83
Order Backlog	-	939	920.73	947.79	759.45	-

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