ENECHANGE Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	4,494	4,263	2,435	2,179	3,067
Cash & Short-Term Investments	4,494	4,263	2,435	2,179	3,067
Cash Growth	5.42%	75.07%	11.75%	-28.95%	-44.95%
Accounts Receivable	1,527	944	544	532	437
Other Receivables	96	65	867	747	337
Receivables	1,623	1,009	1,411	1,279	774
Inventory	14	-	1	5	122
Prepaid Expenses	94	57	-	160	-
Other Current Assets	34	146	203	14	564
Total Current Assets	6,259	5,475	4,050	3,637	4,527
Property, Plant & Equipment	53	31	3,016	15	104
Long-Term Investments	895	1,621	1,205	1,351	1,318
Goodwill	101	130	344	357	702
Other Intangible Assets	1	2	391	203	106
Long-Term Deferred Tax Assets	245	-	-	-	-
Other Long-Term Assets	2	2	2	1	1
Total Assets	7,657	7,411	9,008	5,564	6,758
Accounts Payable	36	44	56	39	41
Accrued Expenses	268	71	195	-	-
Short-Term Debt	100	200	4,200	777	674
Current Portion of Long-Term Debt	205	447	437	177	142
Current Income Taxes Payable	859	749	1,610	1,081	568
Other Current Liabilities	1,147	882	1,057	1,491	658
Total Current Liabilities	2,615	2,393	7,555	3,565	2,083
Long-Term Debt	260	466	1,525	2,533	1,136
Long-Term Leases	-	-	266	241	-
Long-Term Deferred Tax Liabilities	-	-	3	9	13
Other Long-Term Liabilities	1	2	588	694	24
Total Liabilities	2,876	2,861	9,937	7,042	3,256
Common Stock	21	1,506	25	47	3,061
Additional Paid-In Capital	4,230	11,551	10,071	6,018	2,930
Retained Earnings	232	-8,697	-10,780	-7,423	-2,438
Comprehensive Income & Other	298	190	-245	-120	-51
Total Common Equity	4,781	4,550	-929	-1,478	3,502
Shareholders' Equity	4,781	4,550	-929	-1,478	3,502
Total Liabilities & Equity	7,657	7,411	9,008	5,564	6,758
Total Debt	565	1,113	6,428	3,728	1,952
Net Cash (Debt)	3,929	3,150	-3,993	-1,549	1,115
Net Cash Growth	24.73%	-	-	-	-75.56%
Net Cash Per Share	90.06	89.72	-116.45	-50.82	37.32
Filing Date Shares Outstanding	42.83	42.59	35.08	34.85	30.12
Total Common Shares Outstanding	42.83	42.59	35.08	34.85	30.08
Working Capital	3,644	3,082	-3,505	72	2,444
Book Value Per Share	111.62	106.83	-26.49	-42.42	116.44
Tangible Book Value	4,679	4,418	-1,664	-2,038	2,694
Tangible Book Value Per Share	109.23	103.73	-47.44	-58.49	89.57

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