VRAIN Solution Balance Sheet

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	488.89	962.1	18.09	81.9
Cash & Short-Term Investments	488.89	962.1	18.09	81.9
Cash Growth	-49.19%	5219.61%	-77.92%	-
Receivables	838.71	292.99	158.38	23.25
Inventory	97.7	59.91	41.59	22.4
Prepaid Expenses	107.38	18.04	10.64	14.37
Other Current Assets	7.16	4.88	3.12	7.89
Total Current Assets	1,540	1,338	231.82	149.81
Property, Plant & Equipment	85.52	42.95	44.01	16.85
Other Intangible Assets	1.87	-	-	-
Long-Term Deferred Tax Assets	42.11	17.19	11.97	4.6
Other Long-Term Assets	204.18	51.83	53.32	71.03
Total Assets	1,874	1,450	341.12	242.29
Accounts Payable	34.48	1.2	-	22.55
Accrued Expenses	139.37	105.06	56.98	15.61
Short-Term Debt	-	-	-	47.22
Current Portion of Long-Term Debt	5.2	46.75	50.96	18.83
Current Income Taxes Payable	103.35	173.36	18.78	4.39
Current Unearned Revenue	32.61	53.86	23.2	56.27
Other Current Liabilities	136.39	50.69	33.29	5.68
Total Current Liabilities	451.39	430.92	183.21	170.55
Long-Term Debt	-	21.94	68.69	36.8
Other Long-Term Liabilities	-	0	-	0
Total Liabilities	451.39	452.86	251.9	207.35
Common Stock	10	298.73	9.9	9.9
Additional Paid-In Capital	288.73	288.83	-	-
Retained Earnings	834.55	409.47	79.31	25.03
Comprehensive Income & Other	288.83	-	-	-
Shareholders' Equity	1,422	997.04	89.21	34.93
Total Liabilities & Equity	1,874	1,450	341.12	242.29
Total Debt	5.2	68.69	119.66	102.85
Net Cash (Debt)	483.69	893.41	-101.57	-20.95
Net Cash Growth	-45.86%	-	-	-
Net Cash Per Share	46.96	88.47	-10.26	-2.12
Filing Date Shares Outstanding	10.11	10.11	9.9	9.9
Total Common Shares Outstanding	10.11	10.11	9.9	9.9
Working Capital	1,088	907.01	48.6	-20.73
Book Value Per Share	140.66	98.62	9.01	3.53
Tangible Book Value	1,420	997.04	89.21	34.93
Tangible Book Value Per Share	140.48	98.62	9.01	3.53
Buildings	35.6	23.87	23.87	11.25
Machinery	108.96	50.05	33.15	10.52
Construction In Progress	8.34	0.97	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.