M&A Research Institute Holdings Inc. (MAARF)

MAARF Balance Sheet

Financials in millions JPY. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023
Cash & Equivalents	11,033	10,174	7,430
Cash & Short-Term Investments	11,033	10,174	7,430
Cash Growth	2.14%	36.93%	-
Receivables	569	371	143
Other Current Assets	229	484	80
Total Current Assets	11,831	11,029	7,653
Property, Plant & Equipment	164	169	67
Long-Term Investments	924	561	437
Other Intangible Assets	10	9	7
Long-Term Deferred Tax Assets	-	230	160
Other Long-Term Assets	1	1	3
Total Assets	12,930	11,999	8,327
Current Portion of Long-Term Debt	17	33	45
Current Portion of Leases	-	3	1
Current Income Taxes Payable	1,031	1,983	2,019
Other Current Liabilities	1,240	940	607
Total Current Liabilities	2,288	2,959	2,672
Long-Term Debt	9	14	48
Long-Term Leases	8	6	6
Other Long-Term Liabilities	2	2	3
Total Liabilities	2,307	2,981	2,729
Common Stock	50	80	629
Additional Paid-In Capital	921	1,305	629
Retained Earnings	11,697	10,128	4,340
Treasury Stock	-2,071	-2,500	-
Comprehensive Income & Other	26	5	-
Shareholders' Equity	10,623	9,018	5,598
Total Liabilities & Equity	12,930	11,999	8,327
Total Debt	34	56	100
Net Cash (Debt)	10,999	10,118	7,330
Net Cash Growth	2.54%	38.04%	-
Net Cash Per Share	173.45	158.09	114.34
Filing Date Shares Outstanding	58.54	58.54	58.57
Total Common Shares Outstanding	58.54	58.37	57.98
Working Capital	9,543	8,070	4,981
Book Value Per Share	181.48	154.49	96.55
Tangible Book Value	10,613	9,009	5,591
Tangible Book Value Per Share	181.31	154.33	96.43

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.