Microwave Chemical 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	-	507	529	1,246	220	382
Cash & Short-Term Investments	-	507	529	1,246	220	382
Cash Growth	-	-4.16%	-57.54%	466.36%	-42.41%	-52.96%
Accounts Receivable	-	598	-406	336	159	68
Other Receivables	-	12	194	159	100	71
Receivables	-	610	368	495	259	139
Inventory	-	43	12	34	13	17
Prepaid Expenses	-	23	19	16	11	12
Other Current Assets	-	31	65	114	12	27
Total Current Assets	-	1,214	993	1,905	515	577
Property, Plant & Equipment	-	809	816	650	651	701
Long-Term Investments	-	78	77	401	400	193
Other Intangible Assets	-	21	6	10	15	16
Long-Term Deferred Tax Assets	-	-	-	29	-	-
Other Long-Term Assets	-	2	2	2	1	1
Total Assets	-	2,124	1,894	3,077	1,582	1,701
Accounts Payable	-	68	4	65	4	8
Accrued Expenses	-	47	47	46	36	33
Current Portion of Long-Term Debt	-	28	7	200	50	-
Current Portion of Leases	-	15	19	19	19	19
Current Income Taxes Payable	-	119	169	102	45	45
Other Current Liabilities	-	149	295	413	57	255
Total Current Liabilities	-	426	541	845	211	360
Long-Term Debt	-	353	202	210	410	250
Long-Term Leases	-	280	295	315	335	355
Other Long-Term Liabilities	-	1	-	1	1	1
Total Liabilities	-	1,060	1,038	1,371	957	966
Common Stock	-	2,871	2,848	2,801	2,298	2,298
Additional Paid-In Capital	-	573	550	502	-	-
Retained Earnings	-	-2,381	-2,542	-1,597	-1,673	-1,562
Comprehensive Income & Other	-	1	-	-	-	-1
Shareholders' Equity	-	1,064	856	1,706	625	735
Total Liabilities & Equity	-	2,124	1,894	3,077	1,582	1,701
Total Debt	-	676	523	744	814	624
Net Cash (Debt)	-	-169	6	502	-594	-242
Net Cash Growth	-	-	-98.80%	-	-	-
Net Cash Per Share	-	-10.39	0.39	31.39	-234.78	-96.80
Filing Date Shares Outstanding	-	-	15.59	15.3	2.62	2.5
Total Common Shares Outstanding	-	-	15.59	15.3	2.62	2.5
Working Capital	-	788	452	1,060	304	217
Book Value Per Share	-	-	54.91	111.53	238.56	294.00
Tangible Book Value	-	1,043	850	1,696	610	719
Tangible Book Value Per Share	-	-	54.53	110.88	232.83	287.60

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