TYO:421A 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	3,900	4,172	1,859	1,202
Cash & Short-Term Investments	3,900	4,172	1,859	1,202
Cash Growth	-	124.42%	54.66%	-
Receivables	523	218	243	119
Prepaid Expenses	40	21	18	12
Other Current Assets	7	5	-	20
Total Current Assets	4,470	4,416	2,120	1,353
Property, Plant & Equipment	32	27	31	26
Long-Term Investments	248	251	104	96
Other Intangible Assets	110	121	177	234
Long-Term Deferred Tax Assets	36	29	33	14
Other Long-Term Assets	2	2	2	1
Total Assets	4,898	4,846	2,467	1,724
Accrued Expenses	226	367	159	235
Current Income Taxes Payable	368	543	306	104
Other Current Liabilities	147	207	126	75
Total Current Liabilities	741	1,117	591	414
Other Long-Term Liabilities	2	1	1	2
Total Liabilities	743	1,118	592	416
Common Stock	363	363	20	20
Additional Paid-In Capital	343	343	-	-
Retained Earnings	3,444	3,008	1,855	1,279
Comprehensive Income & Other	5	14	-	-
Total Common Equity	4,155	3,728	1,875	1,299
Minority Interest	-	-	-	9
Shareholders' Equity	4,155	3,728	1,875	1,308
Total Liabilities & Equity	4,898	4,846	2,467	1,724
Net Cash (Debt)	3,900	4,172	1,859	1,202
Net Cash Growth	-	124.42%	54.66%	-
Net Cash Per Share	470.44	510.00	230.93	149.32
Filing Date Shares Outstanding	8.44	8.44	8.05	8.05
Total Common Shares Outstanding	8.44	8.44	8.05	8.05
Working Capital	3,729	3,299	1,529	939
Book Value Per Share	492.17	441.59	232.92	161.37
Tangible Book Value	4,045	3,607	1,698	1,065
Tangible Book Value Per Share	479.14	427.26	210.93	132.30