NETSTARS 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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	35,868	33,875	26,522	19,746	16,885
Short-Term Investments	-	-	-	22	19
Cash & Short-Term Investments	35,868	33,875	26,522	19,768	16,904
Cash Growth	20.94%	27.72%	34.17%	16.94%	-
Receivables	294.75	333	510	494	494
Inventory	51.89	75	18	54	20
Prepaid Expenses	48.89	54	55	40	40
Other Current Assets	544.85	269	112	50	128
Total Current Assets	36,809	34,606	27,217	20,406	17,586
Property, Plant & Equipment	24.29	24	34	30	17
Long-Term Investments	434.51	457	377	385	422
Goodwill	-	2	11	20	27
Other Intangible Assets	559.18	647	715	735	458
Long-Term Deferred Tax Assets	-	1	1	1	-
Other Long-Term Assets	0	2	-	1	2
Total Assets	37,827	35,739	28,355	21,578	18,512
Accounts Payable	126.81	147	105	224	225
Accrued Expenses	163.47	124	129	123	84
Current Income Taxes Payable	72.44	225	319	344	245
Other Current Liabilities	30,127	28,136	20,735	14,424	10,949
Total Current Liabilities	30,502	28,632	21,288	15,115	11,503
Other Long-Term Liabilities	-	2	1	1	1
Total Liabilities	30,502	28,634	21,289	15,116	11,504
Common Stock	4,475	4,456	4,451	3,984	3,984
Additional Paid-In Capital	7,711	7,691	7,686	7,219	7,219
Retained Earnings	-4,958	-5,178	-5,140	-4,792	-4,220
Comprehensive Income & Other	96.63	136	69	51	25
Shareholders' Equity	7,324	7,105	7,066	6,462	7,008
Total Liabilities & Equity	37,827	35,739	28,355	21,578	18,512
Net Cash (Debt)	35,868	33,875	26,522	19,768	16,904
Net Cash Growth	20.94%	27.72%	34.17%	16.94%	-
Net Cash Per Share	2114.97	2030.24	1640.73	1237.29	1058.03
Filing Date Shares Outstanding	16.77	16.7	16.68	12.87	15.98
Total Common Shares Outstanding	16.77	16.7	16.68	12.87	15.98
Working Capital	6,306	5,974	5,929	5,291	6,083
Book Value Per Share	436.69	425.53	423.70	502.23	438.64
Tangible Book Value	6,765	6,456	6,340	5,707	6,523
Tangible Book Value Per Share	403.35	386.66	380.17	443.55	408.28

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.