Secure 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 2021
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 '21 Dec 31, 2021
Cash & Equivalents	3,119	2,253	1,195	808	474	675
Cash & Short-Term Investments	3,119	2,253	1,195	808	474	675
Cash Growth	22.51%	88.54%	47.90%	70.46%	-29.78%	81.45%
Accounts Receivable	1,447	969	866	786	459	497
Other Receivables	-	-	13	-	33	-
Receivables	1,447	969	879	786	492	497
Inventory	1,251	935	743	744	637	459
Prepaid Expenses	-	-	90	41	30	31
Other Current Assets	167	134	35	29	18	21
Total Current Assets	5,984	4,291	2,942	2,408	1,651	1,683
Property, Plant & Equipment	151	140	101	101	98	43
Long-Term Investments	391	413	352	139	131	98
Goodwill	287	296	267	-	-	-
Other Intangible Assets	65	65	52	53	89	108
Long-Term Deferred Tax Assets	49	50	68	47	22	47
Other Long-Term Assets	1	2	2	1	2	2
Total Assets	6,928	5,257	3,784	2,749	1,993	1,981
Accounts Payable	859	608	415	343	228	238
Accrued Expenses	275	295	286	234	212	135
Short-Term Debt	600	200	300	200	200	200
Current Portion of Long-Term Debt	244	260	291	199	130	110
Current Portion of Leases	-	-	1	5	9	9
Current Income Taxes Payable	86	78	108	116	4	70
Other Current Liabilities	179	158	138	100	55	33
Total Current Liabilities	2,243	1,599	1,539	1,197	838	795
Long-Term Debt	503	574	835	474	272	165
Long-Term Leases	-	-	1	-	5	14
Pension & Post-Retirement Benefits	25	26	12	-	-	-
Other Long-Term Liabilities	138	132	116	56	36	25
Total Liabilities	2,909	2,331	2,503	1,727	1,151	999
Common Stock	1,762	1,282	546	540	536	490
Additional Paid-In Capital	1,643	1,163	427	421	417	371
Retained Earnings	637	486	299	58	-110	117
Comprehensive Income & Other	-23	-5	9	3	-1	4
Shareholders' Equity	4,019	2,926	1,281	1,022	842	982
Total Liabilities & Equity	6,928	5,257	3,784	2,749	1,993	1,981
Total Debt	1,347	1,034	1,428	878	616	498
Net Cash (Debt)	1,772	1,219	-233	-70	-142	177
Net Cash Growth	58.21%	-	-	-	-	-
Net Cash Per Share	313.59	220.33	-46.88	-14.12	-30.27	40.54
Filing Date Shares Outstanding	5.68	5.63	5.59	4.74	4.72	4.69
Total Common Shares Outstanding	5.68	5.63	4.78	4.74	4.72	4.59
Working Capital	3,741	2,692	1,403	1,211	813	888
Book Value Per Share	707.14	519.72	268.13	215.39	178.50	213.91
Tangible Book Value	3,667	2,565	962	969	753	874
Tangible Book Value Per Share	645.21	455.60	201.36	204.22	159.63	190.39