Money Forward Balance Sheet

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 31, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	45,386	40,972	45,251	38,855	26,712	36,220
Short-Term Investments	-	4,880	-	-	-	-
Cash & Short-Term Investments	45,386	45,852	45,251	38,855	26,712	36,220
Cash Growth	17.60%	1.33%	16.46%	45.46%	-26.25%	306.10%
Receivables	28,553	18,414	15,236	13,480	9,456	6,710
Inventory	244	87	20	12	20	21
Other Current Assets	3,149	8,916	5,823	2,650	2,627	1,074
Total Current Assets	77,332	73,269	66,330	54,997	38,815	44,025
Property, Plant & Equipment	5,188	1,596	1,065	1,163	731	537
Long-Term Investments	25,990	25,865	21,748	18,656	15,463	6,274
Goodwill	12,620	6,731	3,381	3,843	4,504	3,068
Other Intangible Assets	22,292	20,103	13,665	9,622	6,472	3,037
Other Long-Term Assets	1	3	2	1	1	1
Total Assets	143,626	127,567	106,191	88,282	65,986	56,942
Accounts Payable	293	235	292	370	341	212
Accrued Expenses	400	2,680	2,460	1,897	1,600	942
Short-Term Debt	6,003	5,254	10,062	4,937	8,240	4,700
Current Portion of Long-Term Debt	6,802	5,600	4,485	3,488	2,295	1,713
Current Income Taxes Payable	13,934	11,660	11,288	8,783	5,555	2,172
Current Unearned Revenue	-	-	-	-	-	1,722
Other Current Liabilities	20,708	21,038	10,944	11,305	5,933	815
Total Current Liabilities	50,197	46,467	39,531	30,780	23,964	12,276
Long-Term Debt	29,881	22,994	20,896	21,947	6,367	2,141
Pension & Post-Retirement Benefits	5	5	6	6	4	2
Long-Term Deferred Tax Liabilities	1,902	1,761	-	-	-	-
Other Long-Term Liabilities	1,517	478	1,084	891	571	192
Total Liabilities	86,047	71,705	61,517	53,624	30,906	14,611
Common Stock	28,054	27,836	27,290	26,716	26,316	25,775
Additional Paid-In Capital	17,835	18,530	15,159	7,595	15,804	17,233
Retained Earnings	-7,214	-7,690	-8,993	-8,378	-10,693	-2,755
Treasury Stock	-1	-1	-1	-1	-1	-
Comprehensive Income & Other	5,891	5,167	3,980	2,393	1,206	276
Total Common Equity	44,565	43,842	37,435	28,325	32,632	40,529
Minority Interest	13,014	12,020	7,239	6,333	2,448	1,802
Shareholders' Equity	57,579	55,862	44,674	34,658	35,080	42,331
Total Liabilities & Equity	143,626	127,567	106,191	88,282	65,986	56,942
Total Debt	47,288	33,848	35,443	30,372	16,902	8,554
Net Cash (Debt)	-1,902	12,004	9,808	8,483	9,810	27,666
Net Cash Growth	-	22.39%	15.62%	-13.53%	-64.54%	1065.38%
Net Cash Per Share	-34.10	216.21	180.22	157.14	183.17	559.47
Filing Date Shares Outstanding	55.47	55.31	55.03	54.29	53.77	53.35
Total Common Shares Outstanding	55.47	55.32	54.63	54.12	53.77	53.35
Working Capital	27,135	26,802	26,799	24,217	14,851	31,749
Book Value Per Share	803.48	792.50	685.19	523.37	606.91	759.74
Tangible Book Value	9,653	17,008	20,389	14,860	21,656	34,424
Tangible Book Value Per Share	174.04	307.44	373.19	274.57	402.77	645.30