AXELL 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	3,077	5,000	8,316	9,509	9,097	7,913
Short-Term Investments	1,500	1,600	1,500	1,200	-	-
Cash & Short-Term Investments	4,577	6,600	9,816	10,709	9,097	7,913
Cash Growth	-26.88%	-32.76%	-8.34%	17.72%	14.96%	-1.96%
Accounts Receivable	2,095	1,488	1,107	1,243	1,039	924
Receivables	2,095	1,488	1,107	1,243	1,039	924
Inventory	5,406	3,911	2,438	736	771	1,083
Other Current Assets	442	412	227	110	103	74
Total Current Assets	12,520	12,411	13,588	12,798	11,010	9,994
Property, Plant & Equipment	196	191	174	133	105	96
Long-Term Investments	3,369	2,343	1,716	880	1,019	945
Goodwill	-	-	5	17	29	41
Other Intangible Assets	20	29	33	26	24	15
Long-Term Deferred Tax Assets	-	67	56	28	85	40
Other Long-Term Assets	2	1	2	1	2	1
Total Assets	16,107	15,042	15,574	13,883	12,274	11,132
Accounts Payable	1,421	1,571	1,387	1,372	1,094	756
Accrued Expenses	78	-	-	-	-	-
Current Income Taxes Payable	250	76	624	387	245	85
Other Current Liabilities	288	337	630	386	266	180
Total Current Liabilities	2,037	1,984	2,641	2,145	1,605	1,021
Other Long-Term Liabilities	201	44	44	45	41	41
Total Liabilities	2,238	2,028	2,685	2,190	1,646	1,062
Common Stock	1,028	1,028	1,028	1,028	1,028	1,028
Additional Paid-In Capital	990	987	969	896	882	871
Retained Earnings	11,326	10,714	10,621	9,698	8,777	8,245
Treasury Stock	-393	-195	-217	-258	-301	-326
Comprehensive Income & Other	799	372	387	252	193	229
Total Common Equity	13,750	12,906	12,788	11,616	10,579	10,047
Minority Interest	119	108	101	77	49	23
Shareholders' Equity	13,869	13,014	12,889	11,693	10,628	10,070
Total Liabilities & Equity	16,107	15,042	15,574	13,883	12,274	11,132
Net Cash (Debt)	4,577	6,600	9,816	10,709	9,097	7,913
Net Cash Growth	-26.88%	-32.76%	-8.34%	17.72%	14.96%	-1.96%
Net Cash Per Share	420.44	600.93	894.69	984.04	841.23	715.53
Filing Date Shares Outstanding	10.77	10.96	10.94	10.88	10.83	10.8
Total Common Shares Outstanding	10.77	10.96	10.94	10.88	10.83	10.8
Working Capital	10,483	10,427	10,947	10,653	9,405	8,973
Book Value Per Share	1276.99	1177.10	1169.43	1067.35	976.97	930.50
Tangible Book Value	13,730	12,877	12,750	11,573	10,526	9,991
Tangible Book Value Per Share	1275.13	1174.46	1165.95	1063.39	972.07	925.31
Order Backlog	-	10,992	14,810	24,673	13,063	5,299

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