Forval Telecom,Inc. (TYO:9445)

Forval Telecom,Inc. Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	780	893	1,019	1,040	1,299	1,535
Cash & Short-Term Investments	780	893	1,019	1,040	1,299	1,535
Cash Growth	-18.75%	-12.37%	-2.02%	-19.94%	-15.38%	49.03%
Accounts Receivable	3,633	4,081	3,530	4,082	3,606	3,329
Other Receivables	1,715	1,700	1,591	1,789	1,746	1,944
Receivables	5,348	5,781	5,121	5,871	5,352	5,273
Inventory	499	263	200	214	384	415
Prepaid Expenses	769	697	696	745	848	1,050
Other Current Assets	34	95	349	179	169	49
Total Current Assets	7,430	7,729	7,385	8,049	8,052	8,322
Property, Plant & Equipment	88	125	145	106	89	94
Long-Term Investments	1,542	1,127	1,197	951	993	1,336
Goodwill	100	144	203	262	323	384
Other Intangible Assets	931	959	879	804	603	458
Long-Term Deferred Tax Assets	-	277	489	877	987	1,159
Other Long-Term Assets	2	1	1	2	2	2
Total Assets	10,093	10,362	10,299	11,051	11,049	11,755
Accounts Payable	2,753	3,022	2,595	3,062	2,605	2,375
Accrued Expenses	168	266	222	184	239	227
Short-Term Debt	-	-	1,300	1,728	2,164	3,800
Current Income Taxes Payable	2,735	2,858	2,539	2,863	2,876	2,686
Other Current Liabilities	515	651	484	513	589	629
Total Current Liabilities	6,171	6,797	7,140	8,350	8,473	9,717
Long-Term Debt	-	-	-	-	-	30
Pension & Post-Retirement Benefits	211	218	208	214	207	235
Other Long-Term Liabilities	27	27	27	28	27	20
Total Liabilities	6,409	7,042	7,375	8,592	8,707	10,002
Common Stock	553	553	553	553	542	542
Additional Paid-In Capital	53	53	53	53	42	42
Retained Earnings	3,077	2,714	2,299	1,833	1,739	1,156
Comprehensive Income & Other	1	-	1	2	1	1
Total Common Equity	3,684	3,320	2,906	2,441	2,324	1,741
Minority Interest	-	-	18	18	18	12
Shareholders' Equity	3,684	3,320	2,924	2,459	2,342	1,753
Total Liabilities & Equity	10,093	10,362	10,299	11,051	11,049	11,755
Total Debt	-	-	1,300	1,728	2,164	3,830
Net Cash (Debt)	780	893	-281	-688	-865	-2,295
Net Cash Per Share	46.55	53.29	-16.77	-41.09	-51.82	-137.48
Filing Date Shares Outstanding	16.76	16.76	16.76	16.76	16.72	16.69
Total Common Shares Outstanding	16.76	16.76	16.76	16.76	16.69	16.69
Working Capital	1,259	932	245	-301	-421	-1,395
Book Value Per Share	219.86	198.14	173.43	145.67	139.22	104.29
Tangible Book Value	2,653	2,217	1,824	1,375	1,398	899
Tangible Book Value Per Share	158.33	132.31	108.86	82.05	83.75	53.85

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