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	Jun '26 Jun 30, 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	941	973	804	615	688	473
Cash & Short-Term Investments	941	973	804	615	688	473
Cash Growth	48.19%	21.02%	30.73%	-10.61%	45.45%	-
Receivables	758	794	553	728	195	58
Inventory	301	212	330	380	406	21
Other Current Assets	74	71	43	101	65	10
Total Current Assets	2,074	2,050	1,730	1,824	1,354	575
Property, Plant & Equipment	377	391	259	275	77	3
Long-Term Investments	659	659	441	443	420	58
Goodwill	269	305	281	336	121	-
Other Intangible Assets	592	542	118	67	148	-
Long-Term Deferred Tax Assets	57	66	73	97	57	12
Other Long-Term Assets	2	2	2	1	1	1
Total Assets	4,030	4,015	2,904	3,043	2,178	650
Accounts Payable	219	190	198	176	123	22
Accrued Expenses	41	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	184	200	42	329	3	96
Other Current Liabilities	228	271	317	358	401	43
Total Current Liabilities	871	1,391	1,117	1,047	539	245
Long-Term Debt	295	380	305	418	-	105
Pension & Post-Retirement Benefits	147	156	138	127	111	40
Other Long-Term Liabilities	192	216	66	66	66	1
Total Liabilities	1,505	2,143	1,626	1,658	716	391
Common Stock	1,011	582	312	312	312	42
Additional Paid-In Capital	1,050	618	302	302	302	32
Retained Earnings	598	659	664	938	1,046	184
Treasury Stock	-139	-	-	-167	-200	-
Comprehensive Income & Other	-1	-	-	-	2	1
Total Common Equity	2,519	1,859	1,278	1,385	1,462	259
Minority Interest	6	13	-	-	-	-
Shareholders' Equity	2,525	1,872	1,278	1,385	1,462	259
Total Liabilities & Equity	4,030	4,015	2,904	3,043	2,178	650
Total Debt	494	1,079	848	585	9	189
Net Cash (Debt)	447	-106	-44	30	679	284
Net Cash Growth	-	-	-	-95.58%	139.08%	-
Net Cash Per Share	11.27	-2.77	-1.31	0.91	19.92	12.97
Filing Date Shares Outstanding	40.96	39.03	39.01	33.01	32.72	21.9
Total Common Shares Outstanding	40.96	39.03	34.45	33.01	32.72	21.9
Working Capital	1,203	659	613	777	815	330
Book Value Per Share	61.51	47.63	37.09	41.96	44.68	11.83
Tangible Book Value	1,658	1,012	879	982	1,193	259
Tangible Book Value Per Share	40.48	25.93	25.51	29.75	36.46	11.83
Order Backlog	-	939	920.73	947.79	759.45	-