Excite Holdings Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	2,102	2,695	2,530	1,175	984	852
Cash & Short-Term Investments	2,102	2,695	2,530	1,175	984	852
Cash Growth	-15.45%	6.52%	115.32%	19.41%	15.49%	-
Receivables	2,631	2,188	1,221	1,109	1,083	1,158
Inventory	128	21	26	52	38	28
Other Current Assets	210	179	145	164	89	97
Total Current Assets	5,071	5,083	3,922	2,500	2,194	2,135
Property, Plant & Equipment	359	8	1	-	-	-
Long-Term Investments	1,493	1,119	660	766	717	822
Goodwill	3,144	3,308	831	570	607	643
Other Intangible Assets	762	699	755	682	543	371
Long-Term Deferred Tax Assets	-	127	125	32	178	130
Other Long-Term Assets	1	1	1	-	2	-
Total Assets	10,830	10,345	6,295	4,550	4,241	4,101
Accounts Payable	862	772	814	771	759	620
Short-Term Debt	750	500	-	-	-	-
Current Portion of Long-Term Debt	-	760	1,140	190	190	190
Current Income Taxes Payable	26	464	508	251	294	324
Other Current Liabilities	1,703	219	205	176	156	179
Total Current Liabilities	3,341	2,715	2,667	1,388	1,399	1,313
Long-Term Debt	3,904	3,992	-	1,140	1,330	1,520
Other Long-Term Liabilities	86	1	-	-1	-	-1
Total Liabilities	7,331	6,708	2,667	2,527	2,729	2,832
Common Stock	23	19	13	100	100	100
Additional Paid-In Capital	1,889	1,885	2,237	892	892	1,165
Retained Earnings	1,534	1,666	1,482	1,082	628	9
Comprehensive Income & Other	13	-69	-109	-54	-111	-10
Total Common Equity	3,362	3,501	3,623	2,020	1,509	1,264
Minority Interest	137	136	5	3	3	5
Shareholders' Equity	3,499	3,637	3,628	2,023	1,512	1,269
Total Liabilities & Equity	10,830	10,345	6,295	4,550	4,241	4,101
Total Debt	4,654	5,252	1,140	1,330	1,520	1,710
Net Cash (Debt)	-2,552	-2,557	1,390	-155	-536	-858
Net Cash Per Share	-510.99	-511.65	276.83	-39.78	-137.56	-220.20
Filing Date Shares Outstanding	4.8	4.86	4.91	4.93	3.9	3.9
Total Common Shares Outstanding	4.8	4.86	4.92	3.9	3.9	3.9
Working Capital	1,730	2,368	1,255	1,112	795	822
Book Value Per Share	700.50	720.51	736.94	518.41	387.27	324.39
Tangible Book Value	-544	-506	2,037	768	359	250
Tangible Book Value Per Share	-113.35	-104.14	414.34	197.10	92.13	64.16

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