Frontier Management 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	4,129	5,323	7,561	5,838	3,199	1,784
Cash & Short-Term Investments	7,773	5,323	7,561	5,838	3,199	1,784
Cash Growth	-22.01%	-29.60%	29.51%	82.49%	79.32%	-6.06%
Receivables	1,407	4,726	3,609	1,996	912	1,067
Inventory	648.36	600	-	-	-	-
Other Current Assets	874.49	786	300	325	165	147
Total Current Assets	10,703	11,435	11,470	8,159	4,276	2,998
Property, Plant & Equipment	913.73	935	223	282	313	208
Long-Term Investments	1,261	1,815	1,792	1,748	420	324
Goodwill	2,995	3,080	206	235	265	-
Other Intangible Assets	809.8	832	38	24	29	11
Long-Term Deferred Tax Assets	303.56	333	431	419	346	277
Long-Term Deferred Charges	1.74	2	3	5	7	-
Other Long-Term Assets	557.25	2	2	2	2	1
Total Assets	17,545	18,434	14,165	10,874	5,658	3,819
Accounts Payable	783.15	376	127	111	71	45
Accrued Expenses	169.32	896	948	1,037	769	553
Short-Term Debt	800	800	-	-	-	-
Current Portion of Long-Term Debt	548.49	548	248	237	138	-
Current Income Taxes Payable	105.54	564	407	604	417	354
Other Current Liabilities	817.18	598	392	580	473	330
Total Current Liabilities	3,224	3,782	2,122	2,569	1,868	1,282
Long-Term Debt	3,838	4,049	1,148	1,352	639	-
Long-Term Deferred Tax Liabilities	349.99	371	13	-	-	-
Other Long-Term Liabilities	286.73	290	134	132	138	85
Total Liabilities	7,698	8,492	3,417	4,053	2,645	1,367
Common Stock	399.67	395	386	374	210	178
Additional Paid-In Capital	758.94	754	745	734	577	558
Retained Earnings	236.27	317	1,424	2,599	2,139	1,696
Treasury Stock	-8.36	-8	-8	-8	-8	-36
Comprehensive Income & Other	274	287	153	57	42	56
Total Common Equity	1,661	1,745	2,700	3,756	2,960	2,452
Minority Interest	8,187	8,197	8,048	3,065	53	-
Shareholders' Equity	9,847	9,942	10,748	6,821	3,013	2,452
Total Liabilities & Equity	17,545	18,434	14,165	10,874	5,658	3,819
Total Debt	5,186	5,397	1,396	1,589	777	-
Net Cash (Debt)	2,587	-74	6,165	4,249	2,422	1,784
Net Cash Growth	-30.69%	-	45.09%	75.43%	35.76%	-6.06%
Net Cash Per Share	219.91	-6.29	525.26	361.81	208.53	154.04
Filing Date Shares Outstanding	11.75	11.75	11.74	11.73	11.48	11.4
Total Common Shares Outstanding	11.75	11.77	11.73	11.72	11.46	11.39
Working Capital	7,480	7,653	9,348	5,590	2,408	1,716
Book Value Per Share	141.26	148.23	230.16	320.52	258.23	215.23
Tangible Book Value	-2,144	-2,167	2,456	3,497	2,666	2,441
Tangible Book Value Per Share	-182.39	-184.08	209.36	298.42	232.58	214.26