Starts Publishing Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	6,268	6,219	4,844	3,353	2,288	1,198
Short-Term Investments	1,500	1,500	1,500	1,500	1,500	1,500
Cash & Short-Term Investments	7,768	7,719	6,344	4,853	3,788	2,698
Cash Growth	5.96%	21.67%	30.72%	28.12%	40.40%	-3.78%
Accounts Receivable	2,094	2,511	2,738	2,459	1,871	1,606
Other Receivables	-	-	-	-	-	27
Receivables	2,094	2,511	2,738	2,459	1,871	1,633
Inventory	183	135	127	146	117	92
Prepaid Expenses	32	21	20	21	24	21
Other Current Assets	259	229	170	89	-31	186
Total Current Assets	10,336	10,615	9,399	7,568	5,769	4,630
Property, Plant & Equipment	41	43	51	53	34	27
Long-Term Investments	1,593	1,173	982	784	777	844
Other Intangible Assets	157	148	154	147	173	252
Other Long-Term Assets	1	2	1	2	1	2
Total Assets	12,168	11,981	10,587	8,554	6,754	5,755
Accounts Payable	384	507	554	511	399	332
Accrued Expenses	212	134	70	84	55	51
Current Income Taxes Payable	56	432	641	620	492	61
Other Current Liabilities	866	948	1,013	823	369	279
Total Current Liabilities	1,518	2,021	2,278	2,038	1,315	723
Pension & Post-Retirement Benefits	68	65	61	57	70	65
Long-Term Deferred Tax Liabilities	207	127	77	67	88	133
Other Long-Term Liabilities	3	2	1	3	2	3
Total Liabilities	1,796	2,215	2,417	2,165	1,475	924
Common Stock	540	540	540	540	540	540
Additional Paid-In Capital	536	536	536	536	536	536
Retained Earnings	8,498	8,040	6,559	4,896	3,805	3,306
Comprehensive Income & Other	798	650	535	417	398	449
Shareholders' Equity	10,372	9,766	8,170	6,389	5,279	4,831
Total Liabilities & Equity	12,168	11,981	10,587	8,554	6,754	5,755
Net Cash (Debt)	7,768	7,719	6,344	4,853	3,788	2,698
Net Cash Growth	5.96%	21.67%	30.72%	28.12%	40.40%	-3.78%
Net Cash Per Share	2023.13	2010.36	1652.22	2527.80	986.53	702.66
Filing Date Shares Outstanding	3.84	3.84	3.84	-	3.84	3.84
Total Common Shares Outstanding	3.84	3.84	3.84	-	3.84	3.84
Working Capital	8,818	8,594	7,121	5,530	4,454	3,907
Book Value Per Share	2701.34	2543.48	2127.79	-	1374.84	1258.17
Tangible Book Value	10,215	9,618	8,016	6,242	5,106	4,579
Tangible Book Value Per Share	2660.45	2504.94	2087.68	-	1329.79	1192.54

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.