Basic 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	586.52	646.55	976.98
Cash & Short-Term Investments	586.52	646.55	976.98
Cash Growth	-9.29%	-33.82%	-
Receivables	217.86	197.2	150.51
Inventory	0.3	0.58	-
Prepaid Expenses	100.78	64.09	52.65
Other Current Assets	6.86	4.92	6.33
Total Current Assets	912.31	913.35	1,186
Property, Plant & Equipment	10.55	11.73	13.09
Long-Term Investments	0.01	0.01	0.01
Other Intangible Assets	35.29	1.55	2.53
Long-Term Deferred Tax Assets	117.49	34.9	-
Other Long-Term Assets	87.87	76.72	77.02
Total Assets	1,164	1,038	1,279
Accounts Payable	106.04	110.83	99.64
Accrued Expenses	56.29	33.94	67.54
Current Portion of Long-Term Debt	33.6	55.75	72.78
Current Income Taxes Payable	2.15	2.28	2.29
Current Unearned Revenue	80.12	61.97	43.26
Other Current Liabilities	13.45	13.08	14.08
Total Current Liabilities	291.65	277.85	299.59
Long-Term Debt	144	377.6	433.35
Long-Term Deferred Tax Liabilities	-	-	0.46
Other Long-Term Liabilities	6.17	6.06	5.95
Total Liabilities	441.83	661.51	739.34
Common Stock	10	10	10
Additional Paid-In Capital	366.74	1,512	1,512
Retained Earnings	344.96	-1,145	-982.75
Comprehensive Income & Other	-	-	0.5
Shareholders' Equity	721.71	376.75	539.78
Total Liabilities & Equity	1,164	1,038	1,279
Total Debt	177.6	433.35	506.13
Net Cash (Debt)	408.92	213.2	470.86
Net Cash Growth	91.80%	-54.72%	-
Net Cash Per Share	81.72	42.61	94.10
Filing Date Shares Outstanding	5	5	5
Total Common Shares Outstanding	5	5	5
Working Capital	620.66	635.5	886.89
Book Value Per Share	144.23	75.29	107.87
Tangible Book Value	686.41	375.19	537.25
Tangible Book Value Per Share	137.18	74.98	107.37

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