MODEC 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	207,707	198,205	143,803	65,376	93,173
Cash & Short-Term Investments	207,707	198,205	143,803	65,376	93,173
Cash Growth	4.79%	37.83%	119.96%	-29.83%	40.92%
Accounts Receivable	153,054	118,993	83,986	63,446	43,634
Receivables	171,973	120,075	87,867	63,446	45,264
Other Current Assets	55,412	62,979	57,032	57,920	98,568
Total Current Assets	435,092	381,259	288,702	186,742	237,005
Property, Plant & Equipment	14,446	11,244	7,097	8,535	5,907
Long-Term Investments	249,732	253,879	196,819	154,538	89,601
Other Intangible Assets	4,465	6,273	7,018	9,317	9,297
Long-Term Deferred Tax Assets	6,981	9,883	2,338	8,628	6,318
Other Long-Term Assets	3	5	2	3	5
Total Assets	745,485	711,145	551,423	416,206	393,971
Accounts Payable	175,520	209,864	168,668	122,319	156,007
Short-Term Debt	37,203	8,785	8,197	-	-
Current Portion of Long-Term Debt	-	-	-	2,532	49,093
Current Income Taxes Payable	16,568	17,739	9,948	5,094	4,665
Other Current Liabilities	234,781	196,128	131,467	104,214	96,708
Total Current Liabilities	464,072	432,516	318,280	234,159	306,473
Long-Term Debt	28,583	72,572	72,752	49,672	6
Pension & Post-Retirement Benefits	8,065	7,091	6,395	5,833	6,290
Long-Term Deferred Tax Liabilities	551	-	-	170	-
Other Long-Term Liabilities	13,483	9,430	7,162	14,748	17,400
Total Liabilities	514,754	521,609	404,589	304,582	330,169
Common Stock	29,818	30,126	27,017	37,462	32,466
Additional Paid-In Capital	26,374	26,721	26,538	37,249	32,284
Retained Earnings	160,820	114,298	74,072	17,385	9,885
Treasury Stock	-19	-172	-154	-144	-148
Comprehensive Income & Other	10,415	15,712	13,338	15,760	-13,240
Total Common Equity	227,408	186,685	140,811	107,712	61,247
Minority Interest	3,323	2,851	6,023	3,912	2,555
Shareholders' Equity	230,731	189,536	146,834	111,624	63,802
Total Liabilities & Equity	745,485	711,145	551,423	416,206	393,971
Total Debt	65,786	81,357	80,949	52,204	49,099
Net Cash (Debt)	141,921	116,848	62,854	13,172	44,074
Net Cash Growth	21.46%	85.90%	377.18%	-70.11%	-11.16%
Net Cash Per Share	2077.02	1709.70	1006.32	233.57	782.02
Filing Date Shares Outstanding	68.34	68.31	68.31	56.37	56.36
Total Common Shares Outstanding	68.34	68.31	68.31	56.37	56.36
Working Capital	-28,980	-51,257	-29,578	-47,417	-69,468
Book Value Per Share	3327.56	2733.03	2061.44	1910.81	1086.65
Tangible Book Value	222,943	180,412	133,793	98,395	51,950
Tangible Book Value Per Share	3262.22	2641.19	1958.70	1745.53	921.71
Order Backlog	-	2,035,108	2,370,690	1,441,946	1,343,829

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