QLS Holdings 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	1,959	1,681	1,430	1,226	1,123	1,105
Short-Term Investments	50	50	50	-	-	-
Cash & Short-Term Investments	2,009	1,731	1,480	1,226	1,123	1,105
Cash Growth	32.08%	16.96%	20.72%	9.17%	1.63%	8.76%
Accounts Receivable	1,194	1,336	1,102	853	635	567
Other Receivables	4	59	1	4	1,179	1,004
Receivables	1,215	1,396	1,163	857	1,814	1,571
Inventory	-	-	-	1	1	4
Other Current Assets	140	115	106	91	87	82
Total Current Assets	3,364	3,242	2,749	2,175	3,025	2,762
Property, Plant & Equipment	1,123	1,105	906	930	955	841
Long-Term Investments	394	386	382	418	463	376
Goodwill	65	71	16	9	15	30
Other Intangible Assets	3	4	5	5	5	3
Long-Term Deferred Tax Assets	241	247	228	229	253	189
Other Long-Term Assets	2	1	2	2	2	1
Total Assets	5,192	5,056	4,288	3,768	4,718	4,202
Accounts Payable	33	33	28	23	18	10
Accrued Expenses	266	239	178	173	158	4
Short-Term Debt	367	300	200	-	1,434	1,115
Current Portion of Long-Term Debt	414	496	571	652	576	483
Current Portion of Leases	10	10	-	-	-	-
Current Income Taxes Payable	867	769	687	428	338	625
Other Current Liabilities	229	303	226	163	206	156
Total Current Liabilities	2,186	2,150	1,890	1,439	2,730	2,393
Long-Term Debt	739	1,019	1,178	1,498	1,386	1,200
Long-Term Leases	116	124	-	-	-	-
Pension & Post-Retirement Benefits	36	30	25	21	18	9
Other Long-Term Liabilities	107	110	78	42	45	75
Total Liabilities	3,184	3,433	3,171	3,000	4,179	3,677
Common Stock	178	178	89	30	30	30
Additional Paid-In Capital	382	382	293	234	234	234
Retained Earnings	1,445	1,062	733	504	275	261
Comprehensive Income & Other	3	1	2	-	-	-
Shareholders' Equity	2,008	1,623	1,117	768	539	525
Total Liabilities & Equity	5,192	5,056	4,288	3,768	4,718	4,202
Total Debt	1,646	1,949	1,949	2,150	3,396	2,798
Net Cash (Debt)	363	-218	-469	-924	-2,273	-1,693
Net Cash Per Share	47.68	-29.29	-67.27	-152.89	-376.10	-280.13
Filing Date Shares Outstanding	7.48	7.48	6.64	6.04	6.04	6.04
Total Common Shares Outstanding	7.48	7.48	6.64	6.04	6.04	6.04
Working Capital	1,178	1,092	859	736	295	369
Book Value Per Share	268.47	217.03	168.13	127.07	89.18	86.87
Tangible Book Value	1,940	1,548	1,096	754	519	492
Tangible Book Value Per Share	259.38	207.00	164.97	124.76	85.87	81.41

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