MS&Consulting Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	905	578	329	666	1,072	873
Cash & Short-Term Investments	905	578	329	666	1,072	873
Cash Growth	65.75%	75.68%	-50.60%	-37.87%	22.80%	64.10%
Receivables	345	454	540	468	318	382
Inventory	29	8	20	4	6	-
Prepaid Expenses	-	26	31	26	26	28
Other Current Assets	40	22	32	55	19	25
Total Current Assets	1,319	1,088	952	1,219	1,441	1,308
Property, Plant & Equipment	74	96	67	68	45	81
Long-Term Investments	39	45	55	32	37	44
Goodwill	1,825	1,825	2,223	2,223	2,223	2,223
Other Intangible Assets	326	292	234	160	134	115
Long-Term Deferred Tax Assets	29	30	17	30	20	80
Other Long-Term Assets	1	2	1	1	1	-
Total Assets	3,613	3,378	3,549	3,733	3,901	3,851
Accounts Payable	538	518	500	501	644	568
Short-Term Debt	118	145	150	-	-	-
Current Portion of Long-Term Debt	-	-	-	69	166	166
Current Portion of Leases	35	33	32	30	30	28
Current Income Taxes Payable	19	67	11	116	103	64
Other Current Liabilities	34	15	12	11	6	5
Total Current Liabilities	744	778	705	727	949	831
Long-Term Debt	-	-	-	-	69	250
Long-Term Leases	9	29	3	28	1	28
Other Long-Term Liabilities	20	19	15	15	15	17
Total Liabilities	773	826	723	770	1,034	1,126
Common Stock	78	78	74	57	45	621
Additional Paid-In Capital	1,934	2,041	2,037	2,021	2,009	1,554
Retained Earnings	941	862	1,138	1,099	948	621
Treasury Stock	-62	-358	-364	-155	-90	-30
Comprehensive Income & Other	-12	-36	-25	-28	-17	-15
Total Common Equity	2,879	2,587	2,860	2,994	2,895	2,751
Minority Interest	-39	-35	-34	-31	-28	-26
Shareholders' Equity	2,840	2,552	2,826	2,963	2,867	2,725
Total Liabilities & Equity	3,613	3,378	3,549	3,733	3,901	3,851
Total Debt	162	207	185	127	266	472
Net Cash (Debt)	743	371	144	539	806	401
Net Cash Growth	140.45%	157.64%	-73.28%	-33.13%	101.00%	-4.30%
Net Cash Per Share	177.38	91.99	35.29	123.58	181.62	91.21
Filing Date Shares Outstanding	4.5	4.25	4.03	4.18	4.34	4.42
Total Common Shares Outstanding	4.5	4.04	4.01	4.28	4.34	4.42
Working Capital	575	310	247	492	492	477
Book Value Per Share	639.81	640.92	712.77	699.82	667.54	623.10
Tangible Book Value	728	470	403	611	538	413
Tangible Book Value Per Share	161.79	116.44	100.44	142.82	124.05	93.54
Order Backlog	-	703.37	606.33	641.15	684.7	631.77

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