eWeLL Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,857	1,965	1,412	1,075	617
Cash & Short-Term Investments	2,857	1,965	1,412	1,075	617
Cash Growth	45.42%	39.16%	31.35%	74.23%	89.26%
Receivables	627.96	503	416	319	240
Prepaid Expenses	62.82	45	27	12	9
Other Current Assets	41.88	13	1	-	1
Total Current Assets	3,590	2,526	1,856	1,406	867
Property, Plant & Equipment	236.12	248	281	27	20
Long-Term Investments	0.01	103	95	82	19
Other Intangible Assets	182.65	134	106	101	81
Long-Term Deferred Tax Assets	87.59	58	41	31	73
Other Long-Term Assets	186.96	1	1	2	1
Total Assets	4,283	3,070	2,380	1,649	1,061
Accounts Payable	53.53	32	23	17	6
Accrued Expenses	233.27	106	92	135	144
Current Portion of Long-Term Debt	-	-	91	4	4
Current Income Taxes Payable	332.1	340	338	241	142
Current Unearned Revenue	28.46	-	-	-	-
Other Current Liabilities	158.34	81	44	55	85
Total Current Liabilities	805.71	559	588	452	381
Long-Term Debt	-	-	-	91	176
Other Long-Term Liabilities	102.73	102	102	1	1
Total Liabilities	908.43	661	690	544	558
Common Stock	426.77	397	366	328	252
Additional Paid-In Capital	418.13	388	358	320	244
Retained Earnings	2,531	1,623	965	456	7
Treasury Stock	-0.58	-	-	-	-
Comprehensive Income & Other	-	1	1	1	-
Shareholders' Equity	3,375	2,409	1,690	1,105	503
Total Liabilities & Equity	4,283	3,070	2,380	1,649	1,061
Total Debt	-	-	91	95	180
Net Cash (Debt)	2,857	1,965	1,321	980	437
Net Cash Growth	45.42%	48.75%	34.80%	124.26%	328.43%
Net Cash Per Share	187.02	128.94	173.63	142.05	69.28
Filing Date Shares Outstanding	15.25	15.12	7.38	6.95	6.31
Total Common Shares Outstanding	15.25	15.12	7.38	6.95	6.31
Working Capital	2,784	1,967	1,268	954	486
Book Value Per Share	221.29	159.31	228.94	158.99	79.75
Tangible Book Value	3,192	2,275	1,584	1,004	422
Tangible Book Value Per Share	209.32	150.45	214.58	144.45	66.90
Buildings	270.92	-	-	-	-
Machinery	83.04	-	-	-	-

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