kubell 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,488	2,912	2,102	2,850	3,200
Cash & Short-Term Investments	2,488	2,912	2,102	2,850	3,200
Cash Growth	14.45%	38.54%	-26.25%	-10.94%	-
Receivables	424.08	354	432	307	312
Inventory	-	3	6	6	6
Prepaid Expenses	599.75	723	608	690	446
Other Current Assets	42.25	33	68	66	69
Total Current Assets	3,554	4,025	3,216	3,919	4,033
Property, Plant & Equipment	1.37	2	11	29	45
Long-Term Investments	958.67	709	670	290	182
Goodwill	-	-	1,029	285	318
Other Intangible Assets	1,051	1,094	1,169	862	566
Long-Term Deferred Tax Assets	-	282	176	-	-
Other Long-Term Assets	0	1	2	1	1
Total Assets	5,566	6,113	6,273	5,386	5,145
Accounts Payable	326.76	1	-	1	-
Accrued Expenses	216.45	303	242	158	93
Short-Term Debt	-	-	1	-	-
Current Portion of Long-Term Debt	826.53	706	262	102	102
Current Income Taxes Payable	74.45	583	317	359	470
Other Current Liabilities	183.52	2,232	1,724	1,112	695
Total Current Liabilities	3,499	3,825	2,546	1,732	1,360
Long-Term Debt	268.21	456	1,114	763	365
Long-Term Deferred Tax Liabilities	198.96	-	117	35	39
Other Long-Term Liabilities	16	231	72	1	3
Total Liabilities	3,986	4,515	3,851	2,531	1,767
Common Stock	2,936	2,922	2,748	2,622	2,525
Additional Paid-In Capital	2,922	2,908	2,734	2,607	2,511
Retained Earnings	-4,262	-4,232	-3,060	-2,439	-1,761
Total Common Equity	1,580	1,598	2,422	2,790	3,275
Minority Interest	-	-	-	65	103
Shareholders' Equity	1,580	1,598	2,422	2,855	3,378
Total Liabilities & Equity	5,566	6,113	6,273	5,386	5,145
Total Debt	1,095	1,162	1,377	865	467
Net Cash (Debt)	1,393	1,750	725	1,985	2,733
Net Cash Growth	63.54%	141.38%	-63.48%	-27.37%	-
Net Cash Per Share	33.75	42.67	18.05	50.05	73.51
Filing Date Shares Outstanding	41.73	41.76	40.63	40.01	39.5
Total Common Shares Outstanding	41.73	41.66	40.6	39.94	39.42
Working Capital	55.03	200	670	2,187	2,673
Book Value Per Share	37.85	38.36	59.65	69.86	83.07
Tangible Book Value	528.17	504	224	1,643	2,391
Tangible Book Value Per Share	12.66	12.10	5.52	41.14	60.65

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