Microwave Chemical Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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.