NCS&A 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	9,307	11,153	9,902	9,204	9,360	8,244
Short-Term Investments	-	-	-	-	-	100
Cash & Short-Term Investments	9,307	11,153	9,902	9,204	9,360	8,344
Cash Growth	13.94%	12.63%	7.58%	-1.67%	12.18%	-11.44%
Receivables	5,590	4,292	3,899	3,816	3,755	5,229
Inventory	432	514	296	311	159	291
Other Current Assets	408	1,291	2,010	2,245	1,401	222
Total Current Assets	15,737	17,250	16,107	15,576	14,675	14,086
Property, Plant & Equipment	412	381	438	474	516	367
Long-Term Investments	1,781	1,648	1,618	1,521	1,612	1,631
Other Intangible Assets	1,041	813	552	431	343	312
Long-Term Deferred Tax Assets	959	1,227	496	587	547	450
Other Long-Term Assets	2	1	-	2	2	2
Total Assets	19,932	21,320	19,211	18,591	17,695	16,848
Accounts Payable	567	934	750	686	570	643
Accrued Expenses	1,056	1,611	1,412	1,505	1,282	1,134
Current Portion of Long-Term Debt	-	-	-	-	-	9
Current Portion of Leases	12	20	30	42	56	73
Current Income Taxes Payable	1,525	1,743	1,483	1,460	1,490	1,165
Other Current Liabilities	962	538	642	815	762	906
Total Current Liabilities	4,122	4,846	4,317	4,508	4,160	3,930
Long-Term Debt	-	-	-	-	-	10
Long-Term Leases	1	9	29	60	97	121
Pension & Post-Retirement Benefits	2,198	2,216	2,588	3,365	3,289	3,432
Other Long-Term Liabilities	24	23	25	24	23	22
Total Liabilities	6,345	7,094	6,959	7,957	7,569	7,515
Common Stock	3,775	3,775	3,775	3,775	3,775	3,775
Additional Paid-In Capital	4,050	4,034	4,000	3,991	3,988	3,985
Retained Earnings	6,998	6,578	4,952	3,865	2,955	2,197
Treasury Stock	-2,002	-799	-839	-844	-584	-479
Comprehensive Income & Other	766	638	364	-153	-8	-145
Shareholders' Equity	13,587	14,226	12,252	10,634	10,126	9,333
Total Liabilities & Equity	19,932	21,320	19,211	18,591	17,695	16,848
Total Debt	13	29	59	102	153	213
Net Cash (Debt)	9,294	11,124	9,843	9,102	9,207	8,131
Net Cash Growth	14.29%	13.01%	8.14%	-1.14%	13.23%	-12.07%
Net Cash Per Share	586.09	688.54	612.20	559.13	555.54	463.67
Filing Date Shares Outstanding	15.33	16.18	16.09	16.05	16.43	16.74
Total Common Shares Outstanding	15.33	16.18	16.09	16.07	16.52	16.74
Working Capital	11,615	12,404	11,790	11,068	10,515	10,156
Book Value Per Share	886.34	879.15	761.34	661.72	612.93	557.48
Tangible Book Value	12,546	13,413	11,700	10,203	9,783	9,021
Tangible Book Value Per Share	818.43	828.91	727.04	634.90	592.17	538.84
Order Backlog	-	5,365	4,989	3,936	4,710	3,704

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