Forval Telecom,Inc. 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	1,176	893	1,019	1,040	1,299
Cash & Short-Term Investments	1,176	893	1,019	1,040	1,299
Cash Growth	31.69%	-12.37%	-2.02%	-19.94%	-15.38%
Accounts Receivable	3,836	4,081	3,530	4,082	3,606
Other Receivables	1,566	1,700	1,591	1,789	1,746
Receivables	5,402	5,781	5,121	5,871	5,352
Inventory	564	263	200	214	384
Prepaid Expenses	794	697	696	745	848
Other Current Assets	102	95	349	179	169
Total Current Assets	8,038	7,729	7,385	8,049	8,052
Property, Plant & Equipment	100	125	145	106	89
Long-Term Investments	1,333	1,127	1,197	951	993
Goodwill	85	144	203	262	323
Other Intangible Assets	935	959	879	804	603
Long-Term Deferred Tax Assets	235	277	489	877	987
Other Long-Term Assets	2	1	1	2	2
Total Assets	10,728	10,362	10,299	11,051	11,049
Accounts Payable	2,958	3,022	2,595	3,062	2,605
Accrued Expenses	229	266	222	184	239
Short-Term Debt	-	-	1,300	1,728	2,164
Current Income Taxes Payable	2,912	2,858	2,539	2,863	2,876
Other Current Liabilities	460	651	484	513	589
Total Current Liabilities	6,559	6,797	7,140	8,350	8,473
Pension & Post-Retirement Benefits	203	218	208	214	207
Other Long-Term Liabilities	25	27	27	28	27
Total Liabilities	6,787	7,042	7,375	8,592	8,707
Common Stock	553	553	553	553	542
Additional Paid-In Capital	53	53	53	53	42
Retained Earnings	3,334	2,714	2,299	1,833	1,739
Comprehensive Income & Other	1	-	1	2	1
Total Common Equity	3,941	3,320	2,906	2,441	2,324
Minority Interest	-	-	18	18	18
Shareholders' Equity	3,941	3,320	2,924	2,459	2,342
Total Liabilities & Equity	10,728	10,362	10,299	11,051	11,049
Total Debt	-	-	1,300	1,728	2,164
Net Cash (Debt)	1,176	893	-281	-688	-865
Net Cash Growth	31.69%	-	-	-	-
Net Cash Per Share	70.18	53.29	-16.77	-41.09	-51.82
Filing Date Shares Outstanding	16.76	16.76	16.76	16.76	16.72
Total Common Shares Outstanding	16.76	16.76	16.76	16.76	16.69
Working Capital	1,479	932	245	-301	-421
Book Value Per Share	235.20	198.14	173.43	145.67	139.22
Tangible Book Value	2,921	2,217	1,824	1,375	1,398
Tangible Book Value Per Share	174.33	132.31	108.86	82.05	83.75

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