Boutiques 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
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024
Cash & Equivalents	3,912	3,771	3,117
Cash & Short-Term Investments	3,912	3,771	3,117
Cash Growth	25.14%	20.98%	-
Receivables	77	153	129
Prepaid Expenses	51	41	27
Other Current Assets	83	41	27
Total Current Assets	4,123	4,006	3,300
Property, Plant & Equipment	176	176	80
Long-Term Investments	173	189	102
Goodwill	223	238	854
Other Intangible Assets	324	347	388
Long-Term Deferred Tax Assets	119	152	132
Other Long-Term Assets	2	1	-
Total Assets	5,140	5,109	4,856
Accounts Payable	1	1	-
Accrued Expenses	219	245	190
Short-Term Debt	-	-	30
Current Portion of Long-Term Debt	315	312	372
Current Income Taxes Payable	262	623	413
Other Current Liabilities	1,509	919	559
Total Current Liabilities	2,306	2,100	1,564
Long-Term Debt	540	698	1,010
Long-Term Deferred Tax Liabilities	63	66	74
Other Long-Term Liabilities	6	4	3
Total Liabilities	2,915	2,868	2,651
Common Stock	50	50	50
Additional Paid-In Capital	232	296	358
Retained Earnings	2,191	2,243	1,992
Treasury Stock	-519	-587	-381
Comprehensive Income & Other	271	239	186
Shareholders' Equity	2,225	2,241	2,205
Total Liabilities & Equity	5,140	5,109	4,856
Total Debt	855	1,010	1,412
Net Cash (Debt)	3,057	2,761	1,705
Net Cash Growth	55.81%	61.93%	-
Net Cash Per Share	305.05	268.14	156.55
Filing Date Shares Outstanding	9.78	9.78	9.81
Total Common Shares Outstanding	9.78	9.73	9.87
Working Capital	1,817	1,906	1,736
Book Value Per Share	227.42	230.20	223.50
Tangible Book Value	1,678	1,656	963
Tangible Book Value Per Share	171.51	170.11	97.61

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