Value Creation Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '21 Feb 28, 2021
Cash & Equivalents	892.9	1,139	1,212	833.15	482.12
Cash & Short-Term Investments	892.9	1,139	1,212	833.15	482.12
Cash Growth	-26.35%	-6.05%	45.51%	72.81%	-
Receivables	3,351	2,730	2,236	2,353	1,127
Prepaid Expenses	28.95	25.78	10.74	13.84	-
Other Current Assets	405.89	45.8	46.05	49.59	53.9
Total Current Assets	4,679	3,941	3,505	3,250	1,663
Property, Plant & Equipment	87.75	90.18	8.71	16.33	16.57
Long-Term Investments	311.99	150.03	0.03	0.03	-
Other Intangible Assets	19.09	21.82	27.27	-	-
Long-Term Deferred Tax Assets	-	11.59	11.53	4.82	-
Other Long-Term Assets	0	90.46	75.51	20.05	24.31
Total Assets	5,213	4,305	3,628	3,291	1,704
Accounts Payable	3,046	2,430	1,762	1,736	911.31
Accrued Expenses	99.4	83.38	56.64	53.77	-
Short-Term Debt	100	100	100	120.84	222.19
Current Portion of Long-Term Debt	218.86	214.39	243.22	226.83	-
Current Income Taxes Payable	60.41	20.05	48.71	27.81	-
Current Unearned Revenue	16.18	16.35	13.1	8.71	-
Other Current Liabilities	494.83	483.61	515.71	499.32	96.83
Total Current Liabilities	4,035	3,348	2,739	2,673	1,230
Long-Term Debt	505.9	375.37	379.78	470.17	423.56
Other Long-Term Liabilities	-	-	0	-	-
Total Liabilities	4,541	3,723	3,119	3,144	1,654
Common Stock	50	157.84	157.84	34	50.27
Additional Paid-In Capital	231.68	123.84	123.84	-	-
Retained Earnings	390.42	300.22	227.65	113.29	-
Treasury Stock	-0.08	-0.08	-0.08	-	-
Shareholders' Equity	672.02	581.82	509.25	147.29	50.27
Total Liabilities & Equity	5,213	4,305	3,628	3,291	1,704
Total Debt	824.76	689.75	723	817.83	645.75
Net Cash (Debt)	68.14	449.19	489.32	15.32	-163.63
Net Cash Growth	-86.07%	-8.20%	3094.59%	-	-
Net Cash Per Share	26.70	176.14	209.40	7.66	-
Filing Date Shares Outstanding	2.3	2.3	2.3	2	-
Total Common Shares Outstanding	2.3	2.3	2.3	2	-
Working Capital	643.08	593.11	765.99	576.23	-
Book Value Per Share	292.09	252.88	221.34	73.65	-
Tangible Book Value	536.92	560	481.98	147.29	-
Tangible Book Value Per Share	233.37	243.40	209.49	73.65	-

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