Direct Marketing MiX Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,523	5,167	4,458	7,608	5,067
Cash & Short-Term Investments	5,523	5,167	4,458	7,608	5,067
Cash Growth	6.89%	15.90%	-41.40%	50.15%	37.24%
Receivables	3,291	2,615	3,333	5,305	4,494
Inventory	168	183	-	-	-
Prepaid Expenses	220	136	112	166	136
Other Current Assets	7	200	478	4	4
Total Current Assets	9,209	8,301	8,381	13,083	9,701
Property, Plant & Equipment	3,128	3,010	3,865	4,529	4,540
Long-Term Investments	1,113	1,346	1,602	1,319	1,039
Goodwill	13,063	11,390	11,390	10,984	10,984
Other Intangible Assets	586	634	698	55	77
Long-Term Deferred Tax Assets	316	285	237	561	495
Other Long-Term Assets	2	2	2	1	-
Total Assets	27,417	24,968	26,175	30,532	26,836
Accounts Payable	2,529	2,097	2,686	4,498	4,177
Accrued Expenses	585	670	747	1,128	1,018
Short-Term Debt	-	1,000	1,000	-	-
Current Portion of Long-Term Debt	1,526	1,147	897	769	768
Current Income Taxes Payable	504	215	185	1,197	1,078
Other Current Liabilities	955	985	1,921	1,093	1,018
Total Current Liabilities	6,099	6,114	7,436	8,685	8,059
Long-Term Debt	4,838	3,623	3,830	4,209	4,972
Other Long-Term Liabilities	1,598	1,475	1,823	2,053	2,207
Total Liabilities	12,535	11,212	13,089	14,947	15,238
Common Stock	2,242	2,232	2,184	2,099	1,866
Additional Paid-In Capital	2,159	2,092	2,124	2,086	1,854
Retained Earnings	12,717	11,612	10,916	11,404	7,824
Treasury Stock	-1,963	-1,963	-2,000	-	-
Comprehensive Income & Other	-273	-217	-138	-4	54
Shareholders' Equity	14,882	13,756	13,086	15,585	11,598
Total Liabilities & Equity	27,417	24,968	26,175	30,532	26,836
Total Debt	6,364	5,770	5,727	4,978	5,740
Net Cash (Debt)	-841	-603	-1,269	2,630	-673
Net Cash Per Share	-17.97	-12.93	-26.87	54.54	-13.98
Filing Date Shares Outstanding	45.78	46.35	45.99	45.83	44.46
Total Common Shares Outstanding	46.43	46.35	45.99	46.96	44.46
Working Capital	3,110	2,187	945	4,398	1,642
Book Value Per Share	320.50	296.79	284.56	331.90	260.88
Tangible Book Value	1,233	1,732	998	4,546	537
Tangible Book Value Per Share	26.55	37.37	21.70	96.81	12.08

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