Peers Balance Sheet

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	2,059	1,763	1,958	2,771	2,345	1,866
Cash & Short-Term Investments	2,059	1,763	1,958	2,771	2,345	1,866
Cash Growth	16.79%	-9.96%	-29.34%	18.17%	25.67%	-26.13%
Receivables	830	910	679	700	796	647
Inventory	27	-	-	39	35	-
Other Current Assets	170	148	245	154	159	65
Total Current Assets	3,086	2,821	2,882	3,664	3,335	2,578
Property, Plant & Equipment	90	94	155	139	319	76
Long-Term Investments	386	351	352	203	197	112
Goodwill	624	668	496	190	306	17
Other Intangible Assets	295	312	360	228	128	188
Long-Term Deferred Tax Assets	40	70	110	165	57	25
Other Long-Term Assets	1	1	2	2	2	2
Total Assets	4,658	4,456	4,513	4,749	4,357	3,018
Accounts Payable	321	333	187	323	241	165
Accrued Expenses	208	167	175	185	161	66
Short-Term Debt	300	-	-	-	-	-
Current Portion of Long-Term Debt	342	367	299	440	773	-
Current Portion of Leases	3	3	2	23	29	-
Current Income Taxes Payable	63	84	153	69	86	75
Other Current Liabilities	353	327	42	89	64	26
Total Current Liabilities	1,590	1,281	858	1,129	1,354	332
Long-Term Debt	349	399	767	1,136	935	500
Long-Term Leases	11	12	10	79	131	-
Long-Term Deferred Tax Liabilities	-	-	-	36	-	-
Other Long-Term Liabilities	5	6	6	15	21	1
Total Liabilities	1,955	1,698	1,641	2,395	2,441	833
Common Stock	78	78	75	67	100	471
Additional Paid-In Capital	996	996	993	989	830	436
Retained Earnings	2,206	2,261	1,981	1,476	1,165	1,277
Treasury Stock	-579	-579	-179	-179	-179	-
Comprehensive Income & Other	2	2	2	1	-	1
Total Common Equity	2,703	2,758	2,872	2,354	1,916	2,185
Shareholders' Equity	2,703	2,758	2,872	2,354	1,916	2,185
Total Liabilities & Equity	4,658	4,456	4,513	4,749	4,357	3,018
Total Debt	1,005	781	1,078	1,678	1,868	500
Net Cash (Debt)	1,054	982	880	1,093	477	1,366
Net Cash Growth	38.50%	11.59%	-19.49%	129.14%	-65.08%	-25.19%
Net Cash Per Share	110.87	102.02	86.76	113.05	51.29	141.36
Filing Date Shares Outstanding	9.02	9.02	9.35	9.54	9.07	9.28
Total Common Shares Outstanding	9.02	9.02	9.58	9.54	9.07	9.28
Working Capital	1,496	1,540	2,024	2,535	1,981	2,246
Book Value Per Share	299.58	305.68	299.82	246.71	211.32	235.47
Tangible Book Value	1,784	1,778	2,016	1,936	1,482	1,980
Tangible Book Value Per Share	197.72	197.06	210.46	202.90	163.45	213.38

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