C Channel 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	373	261	446	567	1,221	1,316
Cash & Short-Term Investments	373	261	446	567	1,221	1,316
Cash Growth	-1.06%	-41.48%	-21.34%	-53.56%	-7.22%	-8.80%
Receivables	208	315	531	620	552	604
Inventory	53	75	811	950	823	834
Other Current Assets	83	81	97	129	93	57
Total Current Assets	717	732	1,885	2,266	2,689	2,811
Property, Plant & Equipment	30	31	45	52	19	38
Long-Term Investments	27	19	112	108	117	170
Goodwill	-	-	-	-	574	612
Other Intangible Assets	106	104	88	77	41	10
Long-Term Deferred Tax Assets	-	-	13	13	21	22
Other Long-Term Assets	1	2	2	1	1	1
Total Assets	881	888	2,145	2,517	3,462	3,664
Accounts Payable	55	103	270	325	263	313
Accrued Expenses	-	-	21	21	25	27
Short-Term Debt	94	-	50	50	150	50
Current Portion of Long-Term Debt	114	317	168	178	160	169
Current Income Taxes Payable	95	72	199	248	217	321
Other Current Liabilities	35	40	107	49	111	79
Total Current Liabilities	393	532	815	871	926	959
Long-Term Debt	374	194	1,177	1,255	1,244	904
Long-Term Deferred Tax Liabilities	4	5	5	5	-	3
Other Long-Term Liabilities	27	20	44	43	13	27
Total Liabilities	798	751	2,041	2,174	2,183	1,893
Common Stock	10	10	10	10	10	5,397
Additional Paid-In Capital	1,802	1,802	1,802	1,802	1,802	5,239
Retained Earnings	-1,728	-1,677	-1,753	-1,519	-651	-9,013
Comprehensive Income & Other	-1	2	-	10	51	57
Total Common Equity	83	137	59	303	1,212	1,680
Minority Interest	-	-	45	40	67	91
Shareholders' Equity	83	137	104	343	1,279	1,771
Total Liabilities & Equity	881	888	2,145	2,517	3,462	3,664
Total Debt	582	511	1,395	1,483	1,554	1,123
Net Cash (Debt)	-209	-250	-949	-916	-333	193
Net Cash Growth	-	-	-	-	-	-75.57%
Net Cash Per Share	-7.28	-8.57	-33.04	-31.89	-11.59	6.72
Filing Date Shares Outstanding	28.72	28.72	28.72	28.72	28.72	28.72
Total Common Shares Outstanding	28.72	28.72	28.72	28.72	28.72	28.72
Working Capital	324	200	1,070	1,395	1,763	1,852
Book Value Per Share	2.89	4.77	2.05	10.55	42.20	58.49
Tangible Book Value	-23	33	-29	226	597	1,058
Tangible Book Value Per Share	-0.80	1.15	-1.01	7.87	20.79	36.84

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