Sunwels Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	4,092	5,637	3,307	2,610	814
Cash & Short-Term Investments	4,092	5,637	3,307	2,610	814
Cash Growth	-27.41%	70.46%	26.71%	220.64%	64.11%
Accounts Receivable	4,922	4,067	3,986	2,677	1,617
Other Receivables	113	29	-	-	-
Receivables	5,035	4,096	3,986	2,677	1,617
Inventory	19	15	12	13	29
Prepaid Expenses	149	149	130	60	46
Other Current Assets	153	70	69	65	41
Total Current Assets	9,448	9,967	7,504	5,425	2,547
Property, Plant & Equipment	35,094	27,706	22,448	12,785	5,785
Long-Term Investments	978	875	976	550	355
Other Intangible Assets	15	13	9	11	17
Long-Term Deferred Tax Assets	52	385	532	389	258
Other Long-Term Assets	1	2	1	1	1
Total Assets	45,633	38,994	31,518	19,211	9,015
Accounts Payable	209	169	118	88	68
Accrued Expenses	1,686	1,513	1,243	822	483
Short-Term Debt	572	660	3,400	700	1,540
Current Portion of Long-Term Debt	1,054	1,054	511	192	296
Current Portion of Leases	378	273	250	169	87
Current Income Taxes Payable	1,603	1,843	2,052	1,236	624
Current Unearned Revenue	6	4	6	5	-
Other Current Liabilities	1,576	86	149	28	18
Total Current Liabilities	7,084	5,602	7,729	3,240	3,116
Long-Term Debt	4,571	5,625	2,600	1,340	1,271
Long-Term Leases	22,535	14,877	13,344	8,794	3,403
Pension & Post-Retirement Benefits	314	241	175	126	94
Other Long-Term Liabilities	4,158	4,033	2,545	1,106	551
Total Liabilities	38,662	30,378	26,393	14,606	8,435
Common Stock	35	35	35	35	35
Additional Paid-In Capital	8,633	8,633	4,062	4,023	102
Retained Earnings	-1,730	-74	1,021	553	463
Treasury Stock	-5	-5	-8	-9	-20
Comprehensive Income & Other	38	27	15	3	-
Shareholders' Equity	6,971	8,616	5,125	4,605	580
Total Liabilities & Equity	45,633	38,994	31,518	19,211	9,015
Total Debt	29,110	22,489	20,105	11,195	6,597
Net Cash (Debt)	-25,018	-16,852	-16,798	-8,585	-5,783
Net Cash Per Share	-771.39	-530.06	-552.89	-915.08	-747.16
Filing Date Shares Outstanding	32.43	32.43	30.23	9.93	7.74
Total Common Shares Outstanding	32.43	32.43	30.23	9.93	7.74
Working Capital	2,364	4,365	-225	2,185	-569
Book Value Per Share	214.94	265.66	169.52	463.66	74.94
Tangible Book Value	6,956	8,603	5,116	4,594	563
Tangible Book Value Per Share	214.48	265.26	169.23	462.55	72.74

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