NCD Co., Ltd. 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	7,514	7,567	5,912	3,913	3,928	2,835
Short-Term Investments	-	-	200	-	-	-
Cash & Short-Term Investments	7,514	7,567	6,112	3,913	3,928	2,835
Cash Growth	12.38%	23.81%	56.20%	-0.38%	38.55%	8.62%
Receivables	3,829	4,163	3,886	3,749	3,285	3,292
Inventory	455.58	317	415	263	209	185
Other Current Assets	624.86	539	631	654	527	456
Total Current Assets	12,424	12,586	11,044	8,579	7,949	6,768
Property, Plant & Equipment	1,211	1,293	1,508	1,486	1,421	1,233
Long-Term Investments	2,024	671	755	1,030	1,307	1,817
Goodwill	41.81	73	114	-	10	21
Other Intangible Assets	195.17	197	210	239	213	150
Long-Term Deferred Tax Assets	-	1,274	1,266	1,052	988	825
Other Long-Term Assets	0	1	2	1	2	2
Total Assets	15,895	16,095	14,899	12,387	11,890	10,816
Accounts Payable	953.25	1,069	1,110	1,010	929	699
Accrued Expenses	729.11	1,256	1,094	928	719	389
Short-Term Debt	949.97	799	833	807	807	1,207
Current Portion of Long-Term Debt	-	-	19	-	-	30
Current Portion of Leases	-	389	458	564	627	699
Current Income Taxes Payable	222.97	657	614	202	451	46
Other Current Liabilities	2,346	1,571	1,663	1,374	1,188	906
Total Current Liabilities	5,201	5,741	5,791	4,885	4,721	3,976
Long-Term Debt	-	-	55	-	-	-
Long-Term Leases	-	395	652	943	1,125	1,273
Pension & Post-Retirement Benefits	1,844	1,601	1,667	1,270	1,299	1,232
Other Long-Term Liabilities	678.61	505	332	245	278	172
Total Liabilities	7,724	8,242	8,497	7,343	7,423	6,653
Common Stock	438.75	438	438	438	438	438
Additional Paid-In Capital	1,020	1,019	1,019	954	954	954
Retained Earnings	6,825	6,365	5,007	3,842	3,282	2,933
Treasury Stock	-229.45	-229	-229	-269	-269	-269
Comprehensive Income & Other	38.66	192	111	35	26	83
Total Common Equity	8,092	7,785	6,346	5,000	4,431	4,139
Minority Interest	78.94	68	56	44	36	24
Shareholders' Equity	8,171	7,853	6,402	5,044	4,467	4,163
Total Liabilities & Equity	15,895	16,095	14,899	12,387	11,890	10,816
Total Debt	949.97	1,583	2,017	2,314	2,559	3,209
Net Cash (Debt)	6,564	5,984	4,095	1,599	1,369	-374
Net Cash Growth	14.42%	46.13%	156.10%	16.80%	-	-
Net Cash Per Share	802.49	731.54	502.76	198.12	169.62	-46.54
Filing Date Shares Outstanding	8.18	8.18	8.18	8.07	8.07	8.07
Total Common Shares Outstanding	8.18	8.18	8.18	8.07	8.07	8.07
Working Capital	7,223	6,845	5,253	3,694	3,228	2,792
Book Value Per Share	989.27	951.69	775.77	619.50	549.00	512.82
Tangible Book Value	7,855	7,515	6,022	4,761	4,208	3,968
Tangible Book Value Per Share	960.30	918.69	736.16	589.88	521.37	491.63
Order Backlog	-	6,756	6,464	5,717	4,725	9,559

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.