SHIKIGAKU. Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	2,098	2,312	2,353	2,637	2,625
Cash & Short-Term Investments	2,098	2,312	2,353	2,637	2,625
Cash Growth	-9.26%	-1.74%	-10.77%	0.46%	111.18%
Receivables	1,837	1,557	1,169	996	420
Inventory	17	10	5	8	19
Prepaid Expenses	130	243	243	323	-
Other Current Assets	10	28	32	59	182
Total Current Assets	4,092	4,150	3,802	4,023	3,246
Property, Plant & Equipment	142	150	132	149	98
Long-Term Investments	390	420	480	313	439
Goodwill	-	-	-	54	92
Other Intangible Assets	78	104	89	123	128
Long-Term Deferred Tax Assets	103	70	54	61	85
Other Long-Term Assets	1	1	3	1	1
Total Assets	4,806	4,895	4,560	4,724	4,089
Accounts Payable	1	-	1	-	19
Accrued Expenses	306	280	234	232	182
Current Portion of Long-Term Debt	63	238	295	365	146
Current Income Taxes Payable	323	449	233	128	318
Other Current Liabilities	404	379	362	387	447
Total Current Liabilities	1,097	1,346	1,125	1,112	1,112
Long-Term Debt	42	106	345	640	238
Long-Term Deferred Tax Liabilities	6	5	3	9	7
Other Long-Term Liabilities	4	2	4	3	2
Total Liabilities	1,149	1,459	1,477	1,764	1,359
Common Stock	10	10	10	265	866
Additional Paid-In Capital	2,287	2,287	2,287	2,032	936
Retained Earnings	945	651	224	322	591
Treasury Stock	-490	-490	-290	-290	-41
Comprehensive Income & Other	119	77	51	63	11
Total Common Equity	2,871	2,535	2,282	2,392	2,363
Minority Interest	786	901	801	568	367
Shareholders' Equity	3,657	3,436	3,083	2,960	2,730
Total Liabilities & Equity	4,806	4,895	4,560	4,724	4,089
Total Debt	105	344	640	1,005	384
Net Cash (Debt)	1,993	1,968	1,713	1,632	2,241
Net Cash Growth	1.27%	14.89%	4.96%	-27.18%	264.98%
Net Cash Per Share	227.72	229.55	195.00	201.88	277.75
Filing Date Shares Outstanding	8.41	8.41	8.78	8.79	7.99
Total Common Shares Outstanding	8.41	8.41	8.78	8.79	8.14
Working Capital	2,995	2,804	2,677	2,911	2,134
Book Value Per Share	341.22	301.50	259.79	272.20	290.23
Tangible Book Value	2,793	2,431	2,193	2,215	2,143
Tangible Book Value Per Share	331.95	289.13	249.66	252.06	263.21