Link and Motivation Inc. (TYO:2170)

Link and Motivation Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	7,865	11,374	8,607	7,389	6,112	4,917
Cash & Short-Term Investments	7,865	11,374	8,607	7,389	6,112	4,917
Cash Growth	-9.64%	32.15%	16.48%	20.89%	24.30%	-23.76%
Accounts Receivable	4,967	4,801	4,100	3,627	3,299	3,851
Other Receivables	-	481	410	688	671	329
Receivables	4,967	5,282	4,510	4,315	3,970	4,180
Inventory	355	238	297	225	183	200
Prepaid Expenses	-	605	448	386	335	403
Other Current Assets	5,298	54	78	386	33	32
Total Current Assets	18,485	17,553	13,940	12,701	10,633	9,732
Property, Plant & Equipment	3,552	3,910	3,718	4,190	3,907	4,786
Long-Term Investments	4,819	4,414	3,383	1,823	2,027	2,912
Goodwill	12,293	11,983	9,346	9,347	9,347	9,410
Other Intangible Assets	2,746	2,667	2,066	2,194	2,417	2,234
Long-Term Deferred Tax Assets	457	468	721	584	617	984
Other Long-Term Assets	5	4	4	4	4	4
Total Assets	42,357	40,999	33,178	30,843	28,952	30,062

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,872	2,560	2,111	1,821	1,858	2,094
Accrued Expenses	-	1,145	987	1,060	961	1,099
Short-Term Debt	5,939	3,000	900	5,000	3,700	5,500
Current Portion of Long-Term Debt	-	2,286	1,876	1,158	1,364	1,661
Current Portion of Leases	906	1,028	887	1,005	905	1,079
Current Income Taxes Payable	1,091	1,780	1,826	1,534	1,097	1,251
Other Current Liabilities	4,471	2,262	1,528	1,549	1,852	2,334
Total Current Liabilities	14,279	14,061	10,115	13,127	11,737	15,018
Long-Term Debt	9,369	7,005	5,778	1,264	2,332	1,716
Long-Term Leases	1,914	2,221	2,188	2,669	2,824	3,929
Long-Term Deferred Tax Liabilities	425	398	223	386	269	256
Other Long-Term Liabilities	488	498	490	458	446	496
Total Liabilities	26,475	24,183	18,794	17,904	17,608	21,415

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,380	1,380	1,380	1,380	1,380	1,380
Additional Paid-In Capital	3,618	3,658	2,680	4,619	4,464	3,879
Retained Earnings	10,377	9,424	9,447	7,396	5,487	4,406
Treasury Stock	-2,475	-	-1,182	-1,539	-320	-320
Comprehensive Income & Other	-622	-872	-1,040	-1,691	-1,852	-1,852
Total Common Equity	12,278	13,590	11,285	10,165	9,159	7,493
Minority Interest	3,604	3,226	3,099	2,774	2,185	1,154
Shareholders' Equity	15,882	16,816	14,384	12,939	11,344	8,647
Total Liabilities & Equity	42,357	40,999	33,178	30,843	28,952	30,062

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	18,128	15,540	11,629	11,096	11,125	13,885
Net Cash (Debt)	-10,263	-4,166	-3,022	-3,707	-5,013	-8,968
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-93.87	-38.45	-28.14	-33.27	-44.93	-85.21
Filing Date Shares Outstanding	106.58	110.18	106.48	108.16	111.56	111.56
Total Common Shares Outstanding	106.58	110.94	106.48	109.45	111.56	111.56
Working Capital	4,206	3,492	3,825	-426	-1,104	-5,286
Book Value Per Share	115.20	122.50	105.98	92.87	82.10	67.16
Tangible Book Value	-2,761	-1,060	-127	-1,376	-2,605	-4,151
Tangible Book Value Per Share	-25.90	-9.55	-1.19	-12.57	-23.35	-37.21
Order Backlog	-	20,905	18,214	15,801	15,437	14,770

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

Data Sources Report a data error