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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10,185	8,607	7,389	6,112	4,917	6,449
Cash & Short-Term Investments	10,185	8,607	7,389	6,112	4,917	6,449
Cash Growth	24.94%	16.48%	20.89%	24.30%	-23.76%	198.56%
Accounts Receivable	4,619	4,100	3,627	3,299	3,851	3,680
Other Receivables	-	410	688	671	329	804
Receivables	4,619	4,510	4,315	3,970	4,180	4,484
Inventory	318	297	225	183	200	187
Prepaid Expenses	-	448	386	335	403	238
Other Current Assets	1,070	78	386	33	32	31
Total Current Assets	16,192	13,940	12,701	10,633	9,732	11,389
Property, Plant & Equipment	4,037	3,718	4,190	3,907	4,786	13,953
Long-Term Investments	2,081	3,383	1,823	2,027	2,912	3,447
Goodwill	13,899	9,346	9,347	9,347	9,410	9,376
Other Intangible Assets	2,058	2,066	2,194	2,417	2,234	2,266
Long-Term Deferred Tax Assets	673	721	584	617	984	646
Other Long-Term Assets	1,760	4	4	4	4	6
Total Assets	40,700	33,178	30,843	28,952	30,062	41,083
Accounts Payable	1,902	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	4,489	1,876	1,158	1,364	1,661	1,940
Current Portion of Leases	1,015	887	1,005	905	1,079	1,778
Current Income Taxes Payable	722	1,826	1,534	1,097	1,251	1,112
Other Current Liabilities	2,077	1,528	1,549	1,852	2,334	2,313
Total Current Liabilities	12,126	10,115	13,127	11,737	15,018	15,944
Long-Term Debt	7,429	5,778	1,264	2,332	1,716	7,104
Long-Term Leases	2,321	2,188	2,669	2,824	3,929	12,056
Long-Term Deferred Tax Liabilities	145	223	386	269	256	362
Other Long-Term Liabilities	498	490	458	446	496	700
Total Liabilities	22,519	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	3,652	2,680	4,619	4,464	3,879	1,855
Retained Earnings	10,775	9,447	7,396	5,487	4,406	3,989
Treasury Stock	-	-1,182	-1,539	-320	-320	-1,733
Comprehensive Income & Other	-846	-1,040	-1,691	-1,852	-1,852	-1,731
Total Common Equity	14,961	11,285	10,165	9,159	7,493	3,760
Minority Interest	3,220	3,099	2,774	2,185	1,154	1,157
Shareholders' Equity	18,181	14,384	12,939	11,344	8,647	4,917
Total Liabilities & Equity	40,700	33,178	30,843	28,952	30,062	41,083
Total Debt	15,254	11,629	11,096	11,125	13,885	28,378
Net Cash (Debt)	-5,069	-3,022	-3,707	-5,013	-8,968	-21,929
Net Cash Per Share	-45.69	-28.14	-33.27	-44.93	-85.21	-209.00
Filing Date Shares Outstanding	110.94	106.48	108.16	111.56	111.56	104.92
Total Common Shares Outstanding	110.94	106.48	109.45	111.56	111.56	104.92
Working Capital	4,066	3,825	-426	-1,104	-5,286	-4,555
Book Value Per Share	134.86	105.98	92.87	82.10	67.16	35.84
Tangible Book Value	-996	-127	-1,376	-2,605	-4,151	-7,882
Tangible Book Value Per Share	-8.98	-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.