Masao provides a thorough review of the Q2 earnings (^o^)♪ Where did the ¥25 billion in cash on hand disappear to? (^o^)

I reviewed the Q2 financial results summary while listening to King Bomby's BGM from Momotetsu \(^o^)/

For a company this baffling, the first thing to check is cash on hand. It has decreased. Where did it go? (^o^)? Judging by the cash flow statement, it seems to have been used to purchase Bitcoin. The total of funds raised from the market, short-term borrowings, and cash on hand amounts to ¥100 billion \(^o^)/

What will be the source of repayment for the short-term borrowings? (；^ω^). It doesn't look healthy, but if the creditors are special parties, it might be okay. However, since it's not disclosed, it's suspicious \(^o^)/

Operating profit for the first half was a modest ¥3.3 billion, but can they still achieve the full-year forecast of ¥11.4 billion at this pace? (^o^)? There are dividends on Class B preferred shares, interest payments on short-term borrowings, and principal repayments to cover. Cash flow management looks like it’s going to be really tough ＼(^o^)／

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