f-code Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2019
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '19 Dec 31, 2019
Cash & Equivalents	8,352	8,086	6,236	4,039	189
Cash & Short-Term Investments	8,352	8,086	6,236	4,039	189
Cash Growth	68.09%	29.67%	54.40%	2037.04%	-
Accounts Receivable	2,786	2,152	1,237	568	120
Other Receivables	-	-	-	-	5
Receivables	2,786	2,152	1,237	568	125
Inventory	-	-	-	-	3
Prepaid Expenses	-	-	-	-	8
Other Current Assets	1,735	1,238	1,232	220	11
Total Current Assets	12,873	11,476	8,705	4,827	336
Property, Plant & Equipment	421	459	283	238	13
Long-Term Investments	991	883	162	68	30
Goodwill	15,871	12,101	11,491	4,284	-
Other Intangible Assets	386	203	142	119	-
Long-Term Deferred Tax Assets	1,118	1,328	965	1,443	-
Other Long-Term Assets	2	2	1	1	1
Total Assets	31,662	26,452	21,749	10,980	380
Accounts Payable	1,026	757	551	207	110
Accrued Expenses	-	-	-	-	15
Short-Term Debt	2,978	3,636	48	291	-
Current Portion of Long-Term Debt	-	-	1,797	1,104	35
Current Portion of Leases	133	107	82	50	-
Current Income Taxes Payable	312	334	168	5	26
Other Current Liabilities	4,077	2,967	3,425	539	31
Total Current Liabilities	8,526	7,801	6,071	2,196	217
Long-Term Debt	10,472	9,025	5,443	4,142	145
Long-Term Leases	206	272	155	130	-
Long-Term Deferred Tax Liabilities	16	14	-	-	-
Other Long-Term Liabilities	4,727	2,599	3,975	1,188	1
Total Liabilities	23,947	19,711	15,644	7,656	363
Common Stock	63	57	27	15	100
Additional Paid-In Capital	5,250	5,244	5,485	2,862	244
Retained Earnings	3,035	2,597	1,215	314	-327
Treasury Stock	-356	-356	-	-	-
Comprehensive Income & Other	1	1	1	1	-
Total Common Equity	7,993	7,543	6,728	3,192	17
Minority Interest	-278	-802	-623	132	-
Shareholders' Equity	7,715	6,741	6,105	3,324	17
Total Liabilities & Equity	31,662	26,452	21,749	10,980	380
Total Debt	13,789	13,040	7,525	5,717	180
Net Cash (Debt)	-5,437	-4,954	-1,289	-1,678	9
Net Cash Per Share	-424.36	-384.26	-102.39	-155.34	1.19
Filing Date Shares Outstanding	12.21	12.21	12.35	10.61	7.54
Total Common Shares Outstanding	12.21	12.21	12.26	10.55	7.54
Working Capital	4,347	3,675	2,634	2,631	119
Book Value Per Share	654.68	617.83	548.77	302.67	2.25
Tangible Book Value	-8,264	-4,761	-4,905	-1,211	17
Tangible Book Value Per Share	-676.87	-389.97	-400.08	-114.83	2.25