Advantage Risk Management Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	1,999	1,733	1,428	1,266	717	2,756
Cash & Short-Term Investments	1,999	1,733	1,428	1,266	717	2,756
Cash Growth	29.13%	21.36%	12.80%	76.57%	-73.98%	-7.58%
Receivables	1,324	1,618	1,266	1,222	1,361	1,254
Other Current Assets	243	349	161	148	126	131
Total Current Assets	3,566	3,700	2,855	2,636	2,204	4,141
Property, Plant & Equipment	123	136	152	169	198	230
Long-Term Investments	849	777	748	748	1,397	251
Goodwill	605	252	273	-	34	89
Other Intangible Assets	3,214	3,462	2,359	2,271	1,724	1,065
Long-Term Deferred Tax Assets	262	395	156	136	120	88
Other Long-Term Assets	2	2	2	-	1	2
Total Assets	8,621	8,724	6,545	5,960	5,678	5,866
Accrued Expenses	142	324	212	198	193	175
Short-Term Debt	70	170	170	170	170	170
Current Portion of Long-Term Debt	226	226	46	-	-	-
Current Portion of Leases	1	1	1	-	-	-
Current Income Taxes Payable	434	752	513	589	416	427
Current Unearned Revenue	1,422	853	757	719	730	771
Other Current Liabilities	514	561	510	450	593	553
Total Current Liabilities	2,809	2,887	2,209	2,126	2,102	2,096
Long-Term Debt	1,302	1,571	121	-	-	-
Long-Term Leases	2	3	5	2	-	-
Long-Term Deferred Tax Liabilities	16	-	-	-	-	-
Other Long-Term Liabilities	325	304	230	193	151	78
Total Liabilities	4,454	4,765	2,565	2,321	2,253	2,174
Common Stock	365	365	365	365	365	365
Additional Paid-In Capital	317	317	317	317	317	317
Retained Earnings	3,883	3,707	3,840	3,508	3,305	3,273
Treasury Stock	-476	-481	-594	-603	-614	-315
Comprehensive Income & Other	78	51	52	52	52	52
Shareholders' Equity	4,167	3,959	3,980	3,639	3,425	3,692
Total Liabilities & Equity	8,621	8,724	6,545	5,960	5,678	5,866
Total Debt	1,601	1,971	343	172	170	170
Net Cash (Debt)	398	-238	1,085	1,094	547	2,586
Net Cash Growth	-	-	-0.82%	100.00%	-78.85%	-8.04%
Net Cash Per Share	25.35	-14.75	65.02	65.60	32.70	152.43
Filing Date Shares Outstanding	15.7	15.7	16.62	16.68	16.67	16.97
Total Common Shares Outstanding	15.7	15.7	16.69	16.68	16.67	16.98
Working Capital	757	813	646	510	102	2,045
Book Value Per Share	265.35	252.22	238.48	218.16	205.46	217.44
Tangible Book Value	348	245	1,348	1,368	1,667	2,538
Tangible Book Value Per Share	22.16	15.61	80.77	82.01	100.00	149.47

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