note inc. Balance Sheet

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022
Cash & Equivalents	3,046	2,154	1,988	2,189
Cash & Short-Term Investments	3,046	2,154	1,988	2,189
Cash Growth	41.40%	8.34%	-9.16%	-
Accounts Receivable	268.21	195	177.58	136.14
Other Receivables	1,632	1,209	1,003	818.56
Receivables	1,901	1,404	1,180	954.7
Inventory	2.39	1	0.28	0.85
Prepaid Expenses	-	-	71.53	51.1
Other Current Assets	150.77	112	1.8	0.4
Total Current Assets	5,100	3,671	3,242	3,196
Property, Plant & Equipment	3.47	10	18.34	19.38
Long-Term Investments	768.98	61	-	-
Long-Term Deferred Tax Assets	193.3	26	-	-
Other Long-Term Assets	79.83	1	52.36	88.01
Total Assets	6,145	3,769	3,313	3,303
Accounts Payable	5.1	3	0.93	0.61
Accrued Expenses	-	-	26.93	31.99
Current Portion of Long-Term Debt	70	80	80	-
Current Income Taxes Payable	2.56	3	2.5	2.7
Current Unearned Revenue	193.64	-	108.49	73.56
Other Current Liabilities	2,383	1,960	1,452	1,216
Total Current Liabilities	2,654	2,046	1,671	1,325
Long-Term Debt	612.5	-	80	160
Other Long-Term Liabilities	0.02	2	0	0
Total Liabilities	3,267	2,048	1,751	1,485
Common Stock	84.87	30	10	100
Additional Paid-In Capital	2,278	1,987	1,967	2,562
Retained Earnings	431.8	-315	-414.84	-844.34
Treasury Stock	-0.07	-	-	-
Comprehensive Income & Other	83.84	19	-	-0
Shareholders' Equity	2,879	1,721	1,562	1,818
Total Liabilities & Equity	6,145	3,769	3,313	3,303
Total Debt	682.5	80	160	160
Net Cash (Debt)	2,363	2,074	1,828	2,029
Net Cash Growth	13.95%	13.44%	-9.88%	-
Net Cash Per Share	138.24	132.89	121.19	142.43
Filing Date Shares Outstanding	16.75	16.38	15.23	14.24
Total Common Shares Outstanding	16.75	15.39	15.23	14.24
Working Capital	2,446	1,625	1,571	1,870
Book Value Per Share	171.87	111.82	102.52	127.62
Tangible Book Value	2,879	1,721	1,562	1,818
Tangible Book Value Per Share	171.87	111.82	102.52	127.62

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