JP Stock MarketDetailed Quotes

Frontier Management (7038)

Watchlist

565
00.00%

20min DelayMarket to Open May 19 15:30 JST

6.68BMarket Cap-6.01P/E (Static)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Frontier Management (7038) Balance Sheet

Quarterly+Annual

YOY

Hide blank lines

(FY)Dec 31, 2025

(Q4)Dec 31, 2025

(Q2)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

Assets

Current assets

Cash, cash equivalents and short term investments

-12.31%8.59B

--8.59B

62.51%8.76B

66.73%9.97B

54.09%9.79B

-18.65%5.39B

1.77%5.98B

97.20%6.36B

103.53%6.6B

-Cash and cash equivalents

-29.60%5.32B

--5.32B

69.71%5.67B

85.61%7.29B

29.50%7.56B

-49.39%3.34B

-32.86%3.93B

82.51%5.84B

104.28%6.58B

-Short term investments

46.25%3.26B

--3.26B

50.76%3.09B

30.54%2.68B

331.89%2.23B

8,579.49%2.05B

8,740.26%2.05B

2,068.86%516.9M

-0.57%23.23M

Receivables

6.94%1.49B

--1.49B

-24.40%962.64M

15.73%1.18B

-6.93%1.39B

47.80%1.27B

-34.25%1.02B

63.70%1.49B

-1.47%1.01B

-Accounts receivable

6.94%1.49B

--1.49B

-24.40%962.64M

15.73%1.18B

-6.93%1.39B

47.80%1.27B

-34.25%1.02B

63.70%1.49B

-1.47%1.01B

-Gross accounts receivable

6.94%1.49B

--1.49B

-24.40%962.64M

15.73%1.18B

-6.93%1.39B

47.80%1.27B

-34.25%1.02B

63.70%1.49B

-1.47%1.01B

Inventory

--600.84M

--821.39M

--768.35M

--0

----

Other current assets

165.39%758.7M

--758.7M

163.29%517.97M

31.55%379.79M

-7.77%285.88M

20.64%196.73M

68.58%288.71M

120.82%309.96M

70.82%274.61M

Total current assets

-0.31%11.44B

--11.44B

61.24%11.07B

68.76%12.29B

40.57%11.47B

-10.33%6.86B

-4.07%7.28B

90.83%8.16B

78.09%7.88B

Non current assets

Net PPE

125.41%1.32B

--1.32B

99.06%1.22B

97.98%1.24B

-8.54%583.58M

-8.24%612.33M

-7.03%626.14M

-5.48%638.1M

0.22%654.49M

-Gross PP&E

125.41%1.32B

--1.32B

99.06%1.22B

97.98%1.24B

-8.54%583.58M

-8.24%612.33M

-7.03%626.14M

-5.48%638.1M

0.22%654.49M

Total investment

-3.31%1.27B

--1.27B

-6.42%1.33B

5.05%1.42B

0.50%1.31B

2,280.09%1.42B

2,142.84%1.35B

2,156.82%1.3B

2,256.23%1.31B

-Long-term equity investment

-3.31%1.27B

--1.27B

-6.42%1.33B

-5.14%1.28B

0.50%1.31B

2,431.60%1.42B

2,284.18%1.35B

2,305.82%1.3B

2,411.56%1.31B

-Financial asset investment

0.00%296K

--296K

0.00%296K

46,600.34%138.23M

0.00%296K

-91.76%296K

0.00%3.59M

-Including:Available-for-sale securities

0.00%296K

--296K

0.00%296K

46,600.34%138.23M

0.00%296K

-91.76%296K

0.00%3.59M

Goodwill and other intangible assets

1,503.28%3.91B

--3.91B

1,571.94%4.06B

1,512.29%4.03B

-6.07%244.05M

-12.24%242.54M

-12.25%249.74M

-11.76%259.81M

-7.95%270.11M

-Goodwill

1,393.89%3.08B

--3.08B

1,663.23%3.9B

1,590.77%3.86B

-12.50%206.21M

-11.76%220.94M

-11.43%228.31M

-11.11%235.67M

-13.87%243.04M

-Other intangible assets

2,099.39%832.29M

--832.29M

637.95%159.38M

676.53%166.47M

56.74%37.84M

-16.83%21.6M

-20.10%21.44M

-17.67%24.14M

140.23%27.07M

Deferred tax assets-non current

-22.75%333.49M

--333.49M

25.83%402M

0.55%371.23M

2.96%431.7M

34.04%319.49M

123.53%369.2M

21.11%419.29M

16.14%329.68M

Deferred assets-non current

-44.44%2.17M

--2.17M

-36.36%3.04M

-33.33%3.47M

-30.77%3.91M

-26.68%4.77M

-25.01%5.21M

-23.54%5.64M

-27.06%6.08M

Other non current assets

39.18%168.22M

--168.22M

150.92%254.72M

228.96%288.96M

37.59%120.87M

170.38%101.52M

5,456.10%87.84M

5,407.34%87.84M

5,342.63%87.84M

Total non current assets

159.75%7B

--7B

168.69%7.27B

173.11%7.35B

-0.74%2.69B

110.29%2.7B

125.82%2.69B

96.36%2.71B

105.37%2.66B

Total assets

30.14%18.43B

--18.43B

91.61%18.33B

96.91%19.65B

30.26%14.17B

7.02%9.57B

13.55%9.98B

92.18%10.87B

84.27%10.54B

Liabilities

Current liabilities

Financial liabilities

442.67%1.35B

--1.35B

61.19%1.35B

25.27%1.05B

4.71%248.49M

31.25%836.6M

31.30%836.96M

71.48%237.31M

-0.22%637.43M

-Current debt and capital lease obligation

442.67%1.35B

--1.35B

61.19%1.35B

25.27%1.05B

4.71%248.49M

31.25%836.6M

31.30%836.96M

71.48%237.31M

-0.22%637.43M

-Including:Current debt

442.67%1.35B

--1.35B

61.19%1.35B

25.27%1.05B

4.71%248.49M

31.25%836.6M

31.30%836.96M

71.48%237.31M

-0.22%637.43M

Payables

76.18%941.43M

--941.43M

82.23%759.25M

175.57%923.21M

-25.35%534.36M

-17.83%416.64M

-2.78%335.02M

46.68%715.87M

-0.15%478.87M

-accounts payable

196.80%376.99M

--376.99M

237.33%375.72M

283.86%400.37M

13.87%127.02M

15.45%111.38M

-28.08%104.3M

57.04%111.55M

42.97%96.71M

-Total tax payable

31.70%100.12M

--100.12M

159.63%103.01M

497.18%132.98M

-81.96%76.02M

-81.79%39.68M

-56.76%22.27M

46.20%421.28M

-4.30%176.76M

-Other payable

40.14%464.32M

--464.32M

5.63%280.53M

87.03%389.86M

81.01%331.33M

37.80%265.58M

40.78%208.45M

42.04%183.04M

-9.62%205.4M

Current provisions

----

--12.42M

----

Pension and other retirement benefit plans

-3.67%967.21M

--967.21M

5.54%175.08M

54.17%159.78M

-5.59%1B

-69.54%165.89M

-67.95%103.63M

35.74%1.06B

13.25%729.21M

Other current liabilities

56.36%525.39M

--525.39M

156.01%760.45M

34.30%1.17B

-39.17%336.01M

-27.19%297.04M

17.22%871.5M

20.40%552.35M

35.70%490.16M

Current liabilities

78.18%3.78B

--3.78B

78.05%3.06B

53.78%3.3B

-17.37%2.12B

-18.16%1.72B

4.79%2.15B

37.48%2.57B

9.99%2.34B

Non current liabilities

Non current financial liabilities

252.68%4.05B

--4.05B

250.41%4.32B

301.10%5.19B

-15.07%1.15B

116.31%1.23B

113.78%1.29B

111.48%1.35B

124.37%1.51B

-Long term debt and capital lease obligation

252.68%4.05B

--4.05B

250.41%4.32B

301.10%5.19B

-15.07%1.15B

116.31%1.23B

113.78%1.29B

111.48%1.35B

124.37%1.51B

-Including:Long term debt

252.68%4.05B

--4.05B

250.41%4.32B

301.10%5.19B

-15.07%1.15B

116.31%1.23B

113.78%1.29B

111.48%1.35B

124.37%1.51B

Long term provisions

0.06%131.47M

--131.47M

0.06%131.43M

0.06%131.41M

0.06%131.39M

0.06%131.35M

0.06%131.32M

-2.56%131.3M

12.99%131.28M

Non current deferred liabilities

2,751.44%371.91M

--371.91M

--90.11M

--77.67M

--13.04M

----

--0

----

Other non current liabilities

3,881,350.00%155.26M

--155.26M

3,882,475.00%155.3M

5,177,466.67%155.33M

100.00%4K

-20.00%4K

0.00%3K

-50.00%2K

33.33%4K

Total non current liabilities

264.22%4.71B

--4.71B

244.30%4.7B

289.70%5.55B

-12.85%1.29B

94.56%1.37B

93.50%1.42B

91.62%1.48B

107.98%1.64B

Total liabilities

148.59%8.49B

--8.49B

151.71%7.76B

147.87%8.85B

-15.71%3.42B

10.10%3.08B

28.24%3.57B

53.34%4.05B

36.55%3.98B

Shareholders'equity

Share capital

2.28%395.02M

--395.02M

2.28%393.14M

2.14%392.45M

3.06%386.22M

78.32%384.38M

78.26%384.25M

78.40%374.74M

80.04%369.4M

-common stock

2.28%395.02M

--395.02M

2.28%393.14M

2.14%392.45M

3.06%386.22M

78.32%384.38M

78.26%384.25M

78.40%374.74M

80.04%369.4M

Additional paid-in capital

1.18%754.3M

--754.3M

0.98%760.44M

0.62%751.73M

1.56%745.5M

26.80%753.07M

26.81%747.08M

27.10%734.02M

30.54%752.49M

Retained earnings

-77.71%317.48M

--317.48M

-51.89%1.03B

-39.28%1.29B

-45.22%1.42B

-4.18%2.13B

2.52%2.13B

21.49%2.6B

21.38%2.35B

Less: Treasury stock

0.00%8.36M

--8.36M

0.00%8.36M

1.42%8.36M

0.00%8.25M

Other reserves

150.25%233.04M

--233.04M

5.99%128.23M

40.62%69.39M

7,673.12%93.12M

1,369.12%120.98M

496.77%49.35M

-85.66%1.2M

-2.86%8.05M

Other equity interest

-9.42%54.98M

--54.98M

11.46%53.49M

34.76%53.66M

8.13%60.69M

0.02%47.99M

-31.44%39.82M

61.88%56.13M

-24.16%34.66M

Total stockholders'equity

-35.35%1.75B

--1.75B

-31.41%2.35B

-23.65%2.55B

-28.10%2.7B

11.28%3.43B

13.66%3.34B

26.84%3.76B

26.89%3.5B

Noncontrolling interests

1.85%8.2B

--8.2B

169.10%8.22B

169.18%8.24B

162.56%8.05B

-0.10%3.06B

0.09%3.06B

5,577.51%3.07B

6,377.67%3.06B

Total equity

-7.50%9.94B

--9.94B

63.06%10.58B

68.50%10.79B

57.56%10.75B

5.61%6.49B

6.74%6.41B

126.21%6.82B

133.76%6.57B

Currency Unit

JPY

Accounting Standards

NonUS-GAAP

	(FY)Dec 31, 2025	(Q4)Dec 31, 2025	(Q2)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023
Assets
Current assets
Cash, cash equivalents and short term investments	-12.31%8.59B	--8.59B	62.51%8.76B	66.73%9.97B	54.09%9.79B	-18.65%5.39B	1.77%5.98B	97.20%6.36B	97.20%6.36B	103.53%6.6B
-Cash and cash equivalents	-29.60%5.32B	--5.32B	69.71%5.67B	85.61%7.29B	29.50%7.56B	-49.39%3.34B	-32.86%3.93B	82.51%5.84B	82.51%5.84B	104.28%6.58B
-Short term investments	46.25%3.26B	--3.26B	50.76%3.09B	30.54%2.68B	331.89%2.23B	8,579.49%2.05B	8,740.26%2.05B	2,068.86%516.9M	2,068.86%516.9M	-0.57%23.23M
Receivables	6.94%1.49B	--1.49B	-24.40%962.64M	15.73%1.18B	-6.93%1.39B	47.80%1.27B	-34.25%1.02B	63.70%1.49B	63.70%1.49B	-1.47%1.01B
-Accounts receivable	6.94%1.49B	--1.49B	-24.40%962.64M	15.73%1.18B	-6.93%1.39B	47.80%1.27B	-34.25%1.02B	63.70%1.49B	63.70%1.49B	-1.47%1.01B
-Gross accounts receivable	6.94%1.49B	--1.49B	-24.40%962.64M	15.73%1.18B	-6.93%1.39B	47.80%1.27B	-34.25%1.02B	63.70%1.49B	63.70%1.49B	-1.47%1.01B
Inventory	--600.84M	--600.84M	--821.39M	--768.35M	--0	----	----	----	----	----
Other current assets	165.39%758.7M	--758.7M	163.29%517.97M	31.55%379.79M	-7.77%285.88M	20.64%196.73M	68.58%288.71M	120.82%309.96M	120.82%309.96M	70.82%274.61M
Total current assets	-0.31%11.44B	--11.44B	61.24%11.07B	68.76%12.29B	40.57%11.47B	-10.33%6.86B	-4.07%7.28B	90.83%8.16B	90.83%8.16B	78.09%7.88B
Non current assets
Net PPE	125.41%1.32B	--1.32B	99.06%1.22B	97.98%1.24B	-8.54%583.58M	-8.24%612.33M	-7.03%626.14M	-5.48%638.1M	-5.48%638.1M	0.22%654.49M
-Gross PP&E	125.41%1.32B	--1.32B	99.06%1.22B	97.98%1.24B	-8.54%583.58M	-8.24%612.33M	-7.03%626.14M	-5.48%638.1M	-5.48%638.1M	0.22%654.49M
Total investment	-3.31%1.27B	--1.27B	-6.42%1.33B	5.05%1.42B	0.50%1.31B	2,280.09%1.42B	2,142.84%1.35B	2,156.82%1.3B	2,156.82%1.3B	2,256.23%1.31B
-Long-term equity investment	-3.31%1.27B	--1.27B	-6.42%1.33B	-5.14%1.28B	0.50%1.31B	2,431.60%1.42B	2,284.18%1.35B	2,305.82%1.3B	2,305.82%1.3B	2,411.56%1.31B
-Financial asset investment	0.00%296K	--296K	0.00%296K	46,600.34%138.23M	0.00%296K	-91.76%296K	-91.76%296K	-91.76%296K	-91.76%296K	0.00%3.59M
-Including:Available-for-sale securities	0.00%296K	--296K	0.00%296K	46,600.34%138.23M	0.00%296K	-91.76%296K	-91.76%296K	-91.76%296K	-91.76%296K	0.00%3.59M
Goodwill and other intangible assets	1,503.28%3.91B	--3.91B	1,571.94%4.06B	1,512.29%4.03B	-6.07%244.05M	-12.24%242.54M	-12.25%249.74M	-11.76%259.81M	-11.76%259.81M	-7.95%270.11M
-Goodwill	1,393.89%3.08B	--3.08B	1,663.23%3.9B	1,590.77%3.86B	-12.50%206.21M	-11.76%220.94M	-11.43%228.31M	-11.11%235.67M	-11.11%235.67M	-13.87%243.04M
-Other intangible assets	2,099.39%832.29M	--832.29M	637.95%159.38M	676.53%166.47M	56.74%37.84M	-16.83%21.6M	-20.10%21.44M	-17.67%24.14M	-17.67%24.14M	140.23%27.07M
Deferred tax assets-non current	-22.75%333.49M	--333.49M	25.83%402M	0.55%371.23M	2.96%431.7M	34.04%319.49M	123.53%369.2M	21.11%419.29M	21.11%419.29M	16.14%329.68M
Deferred assets-non current	-44.44%2.17M	--2.17M	-36.36%3.04M	-33.33%3.47M	-30.77%3.91M	-26.68%4.77M	-25.01%5.21M	-23.54%5.64M	-23.54%5.64M	-27.06%6.08M
Other non current assets	39.18%168.22M	--168.22M	150.92%254.72M	228.96%288.96M	37.59%120.87M	170.38%101.52M	5,456.10%87.84M	5,407.34%87.84M	5,407.34%87.84M	5,342.63%87.84M
Total non current assets	159.75%7B	--7B	168.69%7.27B	173.11%7.35B	-0.74%2.69B	110.29%2.7B	125.82%2.69B	96.36%2.71B	96.36%2.71B	105.37%2.66B
Total assets	30.14%18.43B	--18.43B	91.61%18.33B	96.91%19.65B	30.26%14.17B	7.02%9.57B	13.55%9.98B	92.18%10.87B	92.18%10.87B	84.27%10.54B
Liabilities
Current liabilities
Financial liabilities	442.67%1.35B	--1.35B	61.19%1.35B	25.27%1.05B	4.71%248.49M	31.25%836.6M	31.30%836.96M	71.48%237.31M	71.48%237.31M	-0.22%637.43M
-Current debt and capital lease obligation	442.67%1.35B	--1.35B	61.19%1.35B	25.27%1.05B	4.71%248.49M	31.25%836.6M	31.30%836.96M	71.48%237.31M	71.48%237.31M	-0.22%637.43M
-Including:Current debt	442.67%1.35B	--1.35B	61.19%1.35B	25.27%1.05B	4.71%248.49M	31.25%836.6M	31.30%836.96M	71.48%237.31M	71.48%237.31M	-0.22%637.43M
Payables	76.18%941.43M	--941.43M	82.23%759.25M	175.57%923.21M	-25.35%534.36M	-17.83%416.64M	-2.78%335.02M	46.68%715.87M	46.68%715.87M	-0.15%478.87M
-accounts payable	196.80%376.99M	--376.99M	237.33%375.72M	283.86%400.37M	13.87%127.02M	15.45%111.38M	-28.08%104.3M	57.04%111.55M	57.04%111.55M	42.97%96.71M
-Total tax payable	31.70%100.12M	--100.12M	159.63%103.01M	497.18%132.98M	-81.96%76.02M	-81.79%39.68M	-56.76%22.27M	46.20%421.28M	46.20%421.28M	-4.30%176.76M
-Other payable	40.14%464.32M	--464.32M	5.63%280.53M	87.03%389.86M	81.01%331.33M	37.80%265.58M	40.78%208.45M	42.04%183.04M	42.04%183.04M	-9.62%205.4M
Current provisions	----	----	--12.42M	----	----	----	----	----	----	----
Pension and other retirement benefit plans	-3.67%967.21M	--967.21M	5.54%175.08M	54.17%159.78M	-5.59%1B	-69.54%165.89M	-67.95%103.63M	35.74%1.06B	35.74%1.06B	13.25%729.21M
Other current liabilities	56.36%525.39M	--525.39M	156.01%760.45M	34.30%1.17B	-39.17%336.01M	-27.19%297.04M	17.22%871.5M	20.40%552.35M	20.40%552.35M	35.70%490.16M
Current liabilities	78.18%3.78B	--3.78B	78.05%3.06B	53.78%3.3B	-17.37%2.12B	-18.16%1.72B	4.79%2.15B	37.48%2.57B	37.48%2.57B	9.99%2.34B
Non current liabilities
Non current financial liabilities	252.68%4.05B	--4.05B	250.41%4.32B	301.10%5.19B	-15.07%1.15B	116.31%1.23B	113.78%1.29B	111.48%1.35B	111.48%1.35B	124.37%1.51B
-Long term debt and capital lease obligation	252.68%4.05B	--4.05B	250.41%4.32B	301.10%5.19B	-15.07%1.15B	116.31%1.23B	113.78%1.29B	111.48%1.35B	111.48%1.35B	124.37%1.51B
-Including:Long term debt	252.68%4.05B	--4.05B	250.41%4.32B	301.10%5.19B	-15.07%1.15B	116.31%1.23B	113.78%1.29B	111.48%1.35B	111.48%1.35B	124.37%1.51B
Long term provisions	0.06%131.47M	--131.47M	0.06%131.43M	0.06%131.41M	0.06%131.39M	0.06%131.35M	0.06%131.32M	-2.56%131.3M	-2.56%131.3M	12.99%131.28M
Non current deferred liabilities	2,751.44%371.91M	--371.91M	--90.11M	--77.67M	--13.04M	----	----	--0	--0	----
Other non current liabilities	3,881,350.00%155.26M	--155.26M	3,882,475.00%155.3M	5,177,466.67%155.33M	100.00%4K	-20.00%4K	0.00%3K	-50.00%2K	-50.00%2K	33.33%4K
Total non current liabilities	264.22%4.71B	--4.71B	244.30%4.7B	289.70%5.55B	-12.85%1.29B	94.56%1.37B	93.50%1.42B	91.62%1.48B	91.62%1.48B	107.98%1.64B
Total liabilities	148.59%8.49B	--8.49B	151.71%7.76B	147.87%8.85B	-15.71%3.42B	10.10%3.08B	28.24%3.57B	53.34%4.05B	53.34%4.05B	36.55%3.98B
Shareholders'equity
Share capital	2.28%395.02M	--395.02M	2.28%393.14M	2.14%392.45M	3.06%386.22M	78.32%384.38M	78.26%384.25M	78.40%374.74M	78.40%374.74M	80.04%369.4M
-common stock	2.28%395.02M	--395.02M	2.28%393.14M	2.14%392.45M	3.06%386.22M	78.32%384.38M	78.26%384.25M	78.40%374.74M	78.40%374.74M	80.04%369.4M
Additional paid-in capital	1.18%754.3M	--754.3M	0.98%760.44M	0.62%751.73M	1.56%745.5M	26.80%753.07M	26.81%747.08M	27.10%734.02M	27.10%734.02M	30.54%752.49M
Retained earnings	-77.71%317.48M	--317.48M	-51.89%1.03B	-39.28%1.29B	-45.22%1.42B	-4.18%2.13B	2.52%2.13B	21.49%2.6B	21.49%2.6B	21.38%2.35B
Less: Treasury stock	0.00%8.36M	--8.36M	0.00%8.36M	0.00%8.36M	0.00%8.36M	1.42%8.36M	1.42%8.36M	1.42%8.36M	1.42%8.36M	0.00%8.25M
Other reserves	150.25%233.04M	--233.04M	5.99%128.23M	40.62%69.39M	7,673.12%93.12M	1,369.12%120.98M	496.77%49.35M	-85.66%1.2M	-85.66%1.2M	-2.86%8.05M
Other equity interest	-9.42%54.98M	--54.98M	11.46%53.49M	34.76%53.66M	8.13%60.69M	0.02%47.99M	-31.44%39.82M	61.88%56.13M	61.88%56.13M	-24.16%34.66M
Total stockholders'equity	-35.35%1.75B	--1.75B	-31.41%2.35B	-23.65%2.55B	-28.10%2.7B	11.28%3.43B	13.66%3.34B	26.84%3.76B	26.84%3.76B	26.89%3.5B
Noncontrolling interests	1.85%8.2B	--8.2B	169.10%8.22B	169.18%8.24B	162.56%8.05B	-0.10%3.06B	0.09%3.06B	5,577.51%3.07B	5,577.51%3.07B	6,377.67%3.06B
Total equity	-7.50%9.94B	--9.94B	63.06%10.58B	68.50%10.79B	57.56%10.75B	5.61%6.49B	6.74%6.41B	126.21%6.82B	126.21%6.82B	133.76%6.57B
Currency Unit	JPY	JPY	JPY	JPY	JPY	JPY	JPY	JPY	JPY	JPY
Accounting Standards	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP	NonUS-GAAP

Middle East conflict spreads to the stock market! How should investors respond?

On May 19 Eastern Time, Trump warned that Iran might only have a negotiating window until Sunday or early next week, adding that 'it may be Show More

牛牛課堂

Mar 4 17:09

Long-term answers | Your account on the left shrinks, while your right hand is chased by the times — Be the person that no bombardment can ever wipe out.

牛牛課堂

Mar 18 18:18

Hormuz, Term Structure and USO: Navigating the Energy Storm