NETSTARS 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	38,219	36,209	33,875	26,522	19,746	16,885
Short-Term Investments	-	-	-	-	22	19
Cash & Short-Term Investments	38,219	36,209	33,875	26,522	19,768	16,904
Cash Growth	4.97%	6.89%	27.72%	34.17%	16.94%	-
Receivables	225	297	333	510	494	494
Inventory	95	184	75	18	54	20
Prepaid Expenses	84	73	54	55	40	40
Other Current Assets	732	479	269	112	50	128
Total Current Assets	39,355	37,242	34,606	27,217	20,406	17,586
Property, Plant & Equipment	26	26	24	34	30	17
Long-Term Investments	419	418	457	377	385	422
Goodwill	-	-	2	11	20	27
Other Intangible Assets	476	517	647	715	735	458
Long-Term Deferred Tax Assets	149	150	1	1	1	-
Other Long-Term Assets	2	1	2	-	1	2
Total Assets	40,427	38,354	35,739	28,355	21,578	18,512
Accounts Payable	106	136	147	105	224	225
Accrued Expenses	102	114	124	129	123	84
Current Income Taxes Payable	253	339	225	319	344	245
Other Current Liabilities	32,153	30,132	28,136	20,735	14,424	10,949
Total Current Liabilities	32,614	30,721	28,632	21,288	15,115	11,503
Other Long-Term Liabilities	-	-	2	1	1	1
Total Liabilities	32,614	30,721	28,634	21,289	15,116	11,504
Common Stock	4,504	4,489	4,456	4,451	3,984	3,984
Additional Paid-In Capital	7,740	7,724	7,691	7,686	7,219	7,219
Retained Earnings	-4,548	-4,685	-5,178	-5,140	-4,792	-4,220
Comprehensive Income & Other	117	105	136	69	51	25
Shareholders' Equity	7,813	7,633	7,105	7,066	6,462	7,008
Total Liabilities & Equity	40,427	38,354	35,739	28,355	21,578	18,512
Net Cash (Debt)	38,219	36,209	33,875	26,522	19,768	16,904
Net Cash Growth	4.97%	6.89%	27.72%	34.17%	16.94%	-
Net Cash Per Share	2233.67	2119.33	2030.24	1640.73	1237.29	1058.03
Filing Date Shares Outstanding	16.86	16.89	16.7	16.68	12.87	15.98
Total Common Shares Outstanding	16.86	16.83	16.7	16.68	12.87	15.98
Working Capital	6,741	6,521	5,974	5,929	5,291	6,083
Book Value Per Share	463.44	453.57	425.53	423.70	502.23	438.64
Tangible Book Value	7,337	7,116	6,456	6,340	5,707	6,523
Tangible Book Value Per Share	435.21	422.85	386.66	380.17	443.55	408.28