kubell 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	3,105	2,912	2,102	2,850	3,200
Short-Term Investments	350	-	-	-	-
Cash & Short-Term Investments	3,455	2,912	2,102	2,850	3,200
Cash Growth	18.66%	38.54%	-26.25%	-10.94%	-
Receivables	455.97	354	432	307	312
Inventory	5.46	3	6	6	6
Prepaid Expenses	878.15	723	608	690	446
Other Current Assets	35.09	33	68	66	69
Total Current Assets	4,830	4,025	3,216	3,919	4,033
Property, Plant & Equipment	39.32	2	11	29	45
Long-Term Investments	162.78	709	670	290	182
Goodwill	89.46	-	1,029	285	318
Other Intangible Assets	1,002	1,094	1,169	862	566
Long-Term Deferred Tax Assets	335.1	282	176	-	-
Other Long-Term Assets	224.04	1	2	1	1
Total Assets	6,683	6,113	6,273	5,386	5,145
Accounts Payable	343.75	1	-	1	-
Accrued Expenses	378.24	303	242	158	93
Short-Term Debt	-	-	1	-	-
Current Portion of Long-Term Debt	390.34	706	262	102	102
Current Income Taxes Payable	251.87	583	317	359	470
Current Unearned Revenue	2,226	-	-	-	-
Other Current Liabilities	230.9	2,232	1,724	1,112	695
Total Current Liabilities	3,821	3,825	2,546	1,732	1,360
Long-Term Debt	541.59	456	1,114	763	365
Pension & Post-Retirement Benefits	-	3	2	-	-
Long-Term Deferred Tax Liabilities	-	-	117	35	39
Other Long-Term Liabilities	320.83	231	72	1	3
Total Liabilities	4,683	4,515	3,851	2,531	1,767
Common Stock	3,008	2,922	2,748	2,622	2,525
Additional Paid-In Capital	2,994	2,908	2,734	2,607	2,511
Retained Earnings	-4,017	-4,232	-3,060	-2,439	-1,761
Treasury Stock	-0.12	-	-	-	-
Comprehensive Income & Other	15.12	-	-	-	-
Total Common Equity	2,000	1,598	2,422	2,790	3,275
Minority Interest	-	-	-	65	103
Shareholders' Equity	2,000	1,598	2,422	2,855	3,378
Total Liabilities & Equity	6,683	6,113	6,273	5,386	5,145
Total Debt	931.93	1,162	1,377	865	467
Net Cash (Debt)	2,523	1,750	725	1,985	2,733
Net Cash Growth	44.19%	141.38%	-63.48%	-27.37%	-
Net Cash Per Share	59.28	42.67	18.05	50.05	73.51
Filing Date Shares Outstanding	42.05	41.76	40.63	40.01	39.5
Total Common Shares Outstanding	42.05	41.66	40.6	39.94	39.42
Working Capital	1,009	200	670	2,187	2,673
Book Value Per Share	47.56	38.36	59.65	69.86	83.07
Tangible Book Value	908.11	504	224	1,643	2,391
Tangible Book Value Per Share	21.59	12.10	5.52	41.14	60.65
Buildings	20.66	-	-	-	-
Machinery	40.85	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.