Money Forward Balance Sheet

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	40,935	45,251	38,855	26,712	36,220
Short-Term Investments	12,742	-	-	-	-
Cash & Short-Term Investments	53,676	45,251	38,855	26,712	36,220
Cash Growth	18.62%	16.46%	45.46%	-26.25%	306.10%
Accounts Receivable	6,964	15,236	13,480	9,456	6,710
Other Receivables	3,627	-	-	-	-
Receivables	10,592	15,236	13,480	9,456	6,710
Inventory	87.88	20	12	20	21
Other Current Assets	8,914	5,823	2,650	2,627	1,074
Total Current Assets	73,270	66,330	54,997	38,815	44,025
Property, Plant & Equipment	1,596	1,065	1,163	731	537
Long-Term Investments	23,193	21,748	18,656	15,463	6,274
Goodwill	6,732	3,381	3,843	4,504	3,068
Other Intangible Assets	20,103	13,665	9,622	6,472	3,037
Other Long-Term Assets	2,673	2	1	1	1
Total Assets	127,567	106,191	88,282	65,986	56,942
Accounts Payable	235.12	292	370	341	212
Accrued Expenses	2,680	2,460	1,897	1,600	942
Short-Term Debt	5,254	10,062	4,937	8,240	4,700
Current Portion of Long-Term Debt	5,600	4,485	3,488	2,295	1,713
Current Income Taxes Payable	889.22	11,288	8,783	5,555	2,172
Current Unearned Revenue	9,934	-	-	-	1,722
Other Current Liabilities	21,874	10,944	11,305	5,933	815
Total Current Liabilities	46,468	39,531	30,780	23,964	12,276
Long-Term Debt	22,995	20,896	21,947	6,367	2,141
Pension & Post-Retirement Benefits	5.58	6	6	4	2
Other Long-Term Liabilities	2,234	1,084	891	571	192
Total Liabilities	71,702	61,517	53,624	30,906	14,611
Common Stock	27,837	27,290	26,716	26,316	25,775
Additional Paid-In Capital	18,530	15,159	7,595	15,804	17,233
Retained Earnings	-7,691	-8,993	-8,378	-10,693	-2,755
Treasury Stock	-1.93	-1	-1	-1	-
Comprehensive Income & Other	5,170	3,980	2,393	1,206	276
Total Common Equity	43,844	37,435	28,325	32,632	40,529
Minority Interest	12,021	7,239	6,333	2,448	1,802
Shareholders' Equity	55,865	44,674	34,658	35,080	42,331
Total Liabilities & Equity	127,567	106,191	88,282	65,986	56,942
Total Debt	33,849	35,443	30,372	16,902	8,554
Net Cash (Debt)	19,827	9,808	8,483	9,810	27,666
Net Cash Growth	102.15%	15.62%	-13.53%	-64.54%	1065.38%
Net Cash Per Share	357.00	180.22	157.14	183.17	559.47
Filing Date Shares Outstanding	55.32	55.03	54.29	53.77	53.35
Total Common Shares Outstanding	55.32	54.63	54.12	53.77	53.35
Working Capital	26,802	26,799	24,217	14,851	31,749
Book Value Per Share	792.54	685.19	523.37	606.91	759.74
Tangible Book Value	17,009	20,389	14,860	21,656	34,424
Tangible Book Value Per Share	307.47	373.19	274.57	402.77	645.30
Buildings	1,180	-	-	-	-
Machinery	1,129	-	-	-	-
Construction In Progress	58.59	-	-	-	-

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