Kudan Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	2,117	2,593	1,719	852	604	1,230
Cash & Short-Term Investments	2,120	2,593	1,719	852	604	1,230
Cash Growth	-24.77%	50.84%	101.76%	41.06%	-50.89%	147.98%
Accounts Receivable	197.65	210	153	94	132	75
Other Receivables	-	18	3	26	-	-
Receivables	205.02	235	163	120	132	75
Inventory	69.62	39	12	-	4	24
Other Current Assets	47.49	15	59	19	14	30
Total Current Assets	2,442	2,882	1,953	991	754	1,359
Property, Plant & Equipment	2	-	-	-	-	-
Long-Term Investments	500	528	424	16	15	4
Other Long-Term Assets	30.94	1	1	1	1	1
Total Assets	2,975	3,411	2,378	1,008	770	1,540
Accounts Payable	-	4	-	-	15	30
Accrued Expenses	-	11	-	-	-	-
Short-Term Debt	200	200	200	200	-	-
Current Income Taxes Payable	104	35	36	21	55	29
Other Current Liabilities	77.59	23	44	20	55	22
Total Current Liabilities	384.9	273	280	241	125	81
Long-Term Deferred Tax Liabilities	-	6	6	6	6	-
Other Long-Term Liabilities	0	2	2	2	1	1
Total Liabilities	384.91	281	288	249	132	82
Common Stock	16.96	13	740	345	897	1,620
Additional Paid-In Capital	3,123	3,927	1,776	965	2,205	1,620
Retained Earnings	374.48	-205	160	-332	-2,382	-1,755
Treasury Stock	-1.84	-1	-1	-1	-1	-
Comprehensive Income & Other	-922.55	-604	-585	-218	-81	-27
Shareholders' Equity	2,590	3,130	2,090	759	638	1,458
Total Liabilities & Equity	2,975	3,411	2,378	1,008	770	1,540
Total Debt	200	200	200	200	-	-
Net Cash (Debt)	1,920	2,393	1,519	652	604	1,230
Net Cash Growth	-26.67%	57.54%	132.97%	7.95%	-50.89%	325.61%
Net Cash Per Share	170.08	217.45	171.20	77.72	76.61	164.34
Filing Date Shares Outstanding	11.29	11.28	10.29	8.67	8.23	7.74
Total Common Shares Outstanding	11.29	11.28	10.29	8.51	8.23	7.68
Working Capital	2,057	2,609	1,673	750	629	1,278
Book Value Per Share	229.46	277.42	203.14	89.20	77.52	189.83
Tangible Book Value	2,590	3,130	2,090	759	638	1,458
Tangible Book Value Per Share	229.46	277.42	203.14	89.20	77.52	189.83

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