GMO Product Platform Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,293	1,317	688	884	767	664
Short-Term Investments	4,969	4,416	500	450	400	600
Cash & Short-Term Investments	7,262	5,733	1,188	1,334	1,167	1,264
Cash Growth	332.52%	382.58%	-10.95%	14.31%	-7.67%	38.45%
Receivables	942	1,251	860	879	1,053	866
Inventory	64	59	50	59	63	40
Prepaid Expenses	167	70	226	188	189	165
Other Current Assets	323	634	49	25	123	23
Total Current Assets	8,758	7,747	2,373	2,485	2,595	2,358
Property, Plant & Equipment	33	25	15	23	28	32
Long-Term Investments	833	416	181	141	133	113
Goodwill	344	587	34	-	-	-
Other Intangible Assets	568	274	284	245	197	184
Long-Term Deferred Tax Assets	-	406	107	98	116	111
Other Long-Term Assets	2	1	2	1	3	1
Total Assets	10,538	9,456	2,996	2,993	3,072	2,799
Accounts Payable	193	256	229	228	261	241
Accrued Expenses	205	284	151	148	194	153
Short-Term Debt	400	100	-	-	-	-
Current Portion of Long-Term Debt	109	109	-	-	-	-
Current Portion of Leases	8	2	3	7	9	7
Current Income Taxes Payable	5,667	4,979	168	203	298	321
Other Current Liabilities	933	820	323	345	386	385
Total Current Liabilities	7,515	6,550	874	931	1,148	1,107
Long-Term Debt	383	437	-	-	-	-
Long-Term Leases	-	-	1	4	7	11
Other Long-Term Liabilities	135	15	10	12	9	5
Total Liabilities	8,033	7,002	885	947	1,164	1,123
Common Stock	299	299	299	299	299	299
Additional Paid-In Capital	776	776	392	392	392	393
Retained Earnings	1,354	1,343	1,375	1,380	1,251	1,031
Treasury Stock	-45	-45	-45	-45	-46	-47
Comprehensive Income & Other	97	61	77	20	12	-
Total Common Equity	2,481	2,434	2,098	2,046	1,908	1,676
Minority Interest	24	20	13	-	-	-
Shareholders' Equity	2,505	2,454	2,111	2,046	1,908	1,676
Total Liabilities & Equity	10,538	9,456	2,996	2,993	3,072	2,799
Total Debt	900	648	4	11	16	18
Net Cash (Debt)	6,362	5,085	1,184	1,323	1,151	1,246
Net Cash Growth	279.59%	329.48%	-10.51%	14.94%	-7.62%	38.29%
Net Cash Per Share	1443.03	1366.84	724.69	809.87	704.90	763.27
Filing Date Shares Outstanding	4.4	4.4	1.63	1.63	1.63	1.63
Total Common Shares Outstanding	4.4	4.4	1.63	1.63	1.63	1.63
Working Capital	1,243	1,197	1,499	1,554	1,447	1,251
Book Value Per Share	563.46	552.79	1284.15	1252.25	1168.68	1027.07
Tangible Book Value	1,569	1,573	1,780	1,801	1,711	1,492
Tangible Book Value Per Share	356.34	357.25	1089.51	1102.30	1048.02	914.31