Hottolink Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,852	3,301	3,495	3,596	2,598	2,067
Cash & Short-Term Investments	2,852	3,301	3,495	3,596	2,598	2,067
Cash Growth	-12.62%	-5.55%	-2.81%	38.41%	25.69%	21.59%
Accounts Receivable	362	494	672	376	618	501
Other Receivables	31	59	-	283	-	44
Receivables	393	553	672	659	618	545
Inventory	-	-	-	-	139	-
Prepaid Expenses	-	46	40	42	62	83
Other Current Assets	114	6	33	12	27	15
Total Current Assets	3,359	3,906	4,240	4,309	3,444	2,710
Property, Plant & Equipment	317	359	430	500	537	722
Long-Term Investments	1,555	1,628	1,458	1,689	1,176	340
Goodwill	1,088	1,142	1,615	1,298	1,530	1,367
Other Intangible Assets	824	834	745	673	625	614
Long-Term Deferred Tax Assets	-	-	-	-	-	13
Other Long-Term Assets	2	2	2	2	2	1
Total Assets	7,145	7,871	8,490	8,471	7,314	5,767
Accounts Payable	350	425	574	488	584	422
Accrued Expenses	-	147	131	159	205	175
Short-Term Debt	145	-	-	-	-	-
Current Portion of Long-Term Debt	-	147	132	107	34	43
Current Portion of Leases	49	49	80	69	85	73
Current Income Taxes Payable	1	55	81	32	178	143
Other Current Liabilities	174	22	21	38	37	76
Total Current Liabilities	719	845	1,019	893	1,123	932
Long-Term Debt	382	492	639	772	1,062	808
Long-Term Leases	252	289	330	405	424	619
Long-Term Deferred Tax Liabilities	361	375	344	441	461	273
Other Long-Term Liabilities	14	15	22	13	113	164
Total Liabilities	1,728	2,016	2,354	2,524	3,183	2,796
Common Stock	100	2,438	2,438	2,427	2,427	2,359
Additional Paid-In Capital	5,255	2,963	2,963	2,952	2,952	2,875
Retained Earnings	4	260	804	577	-1,240	-2,005
Treasury Stock	-140	-140	-140	-140	-140	-140
Comprehensive Income & Other	198	334	71	131	-132	-296
Total Common Equity	5,417	5,855	6,136	5,947	3,867	2,793
Minority Interest	-	-	-	-	264	178
Shareholders' Equity	5,417	5,855	6,136	5,947	4,131	2,971
Total Liabilities & Equity	7,145	7,871	8,490	8,471	7,314	5,767
Total Debt	828	977	1,181	1,353	1,605	1,543
Net Cash (Debt)	2,024	2,324	2,314	2,243	993	524
Net Cash Growth	-9.96%	0.43%	3.16%	125.88%	89.50%	67.41%
Net Cash Per Share	129.04	148.16	147.67	143.44	63.62	33.91
Filing Date Shares Outstanding	15.69	15.69	15.69	15.59	15.57	15.39
Total Common Shares Outstanding	15.69	15.69	15.69	15.57	15.57	15.39
Working Capital	2,640	3,061	3,221	3,416	2,321	1,778
Book Value Per Share	345.35	373.27	391.19	381.84	248.29	181.50
Tangible Book Value	3,505	3,879	3,776	3,976	1,712	812
Tangible Book Value Per Share	223.45	247.30	240.73	255.29	109.92	52.77

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