Link and Motivation Inc. (TYO:2170)

Link and Motivation Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	8,687	8,607	7,389	6,112	4,917	6,449
Cash & Short-Term Investments	8,687	8,607	7,389	6,112	4,917	6,449
Cash Growth	18.13%	16.48%	20.89%	24.30%	-23.76%	198.56%
Accounts Receivable	3,981	4,100	3,627	3,299	3,851	3,680
Other Receivables	-	410	688	671	329	804
Receivables	3,981	4,510	4,315	3,970	4,180	4,484
Inventory	278	297	225	183	200	187
Prepaid Expenses	-	448	386	335	403	238
Other Current Assets	1,152	78	386	33	32	31
Total Current Assets	14,098	13,940	12,701	10,633	9,732	11,389
Property, Plant & Equipment	3,731	3,718	4,190	3,907	4,786	13,953
Long-Term Investments	2,038	3,383	1,823	2,027	2,912	3,447
Goodwill	9,346	9,346	9,347	9,347	9,410	9,376
Other Intangible Assets	2,040	2,066	2,194	2,417	2,234	2,266
Long-Term Deferred Tax Assets	718	721	584	617	984	646
Other Long-Term Assets	1,442	4	4	4	4	6
Total Assets	33,413	33,178	30,843	28,952	30,062	41,083
Accounts Payable	1,390	2,111	1,821	1,858	2,094	2,174
Accrued Expenses	-	987	1,060	961	1,099	1,127
Short-Term Debt	-	900	5,000	3,700	5,500	5,500
Current Portion of Long-Term Debt	4,167	1,876	1,158	1,364	1,661	1,940
Current Portion of Leases	885	887	1,005	905	1,079	1,778
Current Income Taxes Payable	438	1,826	1,534	1,097	1,251	1,112
Other Current Liabilities	1,977	1,528	1,549	1,852	2,334	2,313
Total Current Liabilities	9,990	10,115	13,127	11,737	15,018	15,944
Long-Term Debt	5,784	5,778	1,264	2,332	1,716	7,104
Long-Term Leases	2,206	2,188	2,669	2,824	3,929	12,056
Long-Term Deferred Tax Liabilities	225	223	386	269	256	362
Other Long-Term Liabilities	494	490	458	446	496	700
Total Liabilities	18,699	18,794	17,904	17,608	21,415	36,166
Common Stock	1,380	1,380	1,380	1,380	1,380	1,380
Additional Paid-In Capital	2,598	2,680	4,619	4,464	3,879	1,855
Retained Earnings	9,860	9,447	7,396	5,487	4,406	3,989
Treasury Stock	-1,182	-1,182	-1,539	-320	-320	-1,733
Comprehensive Income & Other	-984	-1,040	-1,691	-1,852	-1,852	-1,731
Total Common Equity	11,672	11,285	10,165	9,159	7,493	3,760
Minority Interest	3,042	3,099	2,774	2,185	1,154	1,157
Shareholders' Equity	14,714	14,384	12,939	11,344	8,647	4,917
Total Liabilities & Equity	33,413	33,178	30,843	28,952	30,062	41,083
Total Debt	13,042	11,629	11,096	11,125	13,885	28,378
Net Cash (Debt)	-4,355	-3,022	-3,707	-5,013	-8,968	-21,929
Net Cash Per Share	-40.91	-28.14	-33.27	-44.93	-85.21	-209.00
Filing Date Shares Outstanding	106.45	106.48	108.16	111.56	111.56	104.92
Total Common Shares Outstanding	106.45	106.48	109.45	111.56	111.56	104.92
Working Capital	4,108	3,825	-426	-1,104	-5,286	-4,555
Book Value Per Share	109.64	105.98	92.87	82.10	67.16	35.84
Tangible Book Value	286	-127	-1,376	-2,605	-4,151	-7,882
Tangible Book Value Per Share	2.69	-1.19	-12.57	-23.35	-37.21	-75.12
Order Backlog	-	18,214	15,801	15,437	14,770	13,771

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