VRAIN Solution Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	427	488	962.1	18.09	81.9
Cash & Short-Term Investments	427	488	962.1	18.09	81.9
Cash Growth	-12.50%	-49.28%	5219.61%	-77.92%	-
Receivables	1,957	838	292.99	158.38	23.25
Inventory	206	96	59.91	41.59	22.4
Prepaid Expenses	82	107	18.04	10.64	14.37
Other Current Assets	75	10	4.88	3.12	7.89
Total Current Assets	2,747	1,539	1,338	231.82	149.81
Property, Plant & Equipment	129	86	42.95	44.01	16.85
Other Intangible Assets	2	1	-	-	-
Long-Term Deferred Tax Assets	82	42	17.19	11.97	4.6
Other Long-Term Assets	255	205	51.83	53.32	71.03
Total Assets	3,215	1,873	1,450	341.12	242.29
Accounts Payable	160	34	1.2	-	22.55
Accrued Expenses	260	138	105.06	56.98	15.61
Short-Term Debt	400	-	-	-	47.22
Current Portion of Long-Term Debt	-	5	46.75	50.96	18.83
Current Income Taxes Payable	202	103	173.36	18.78	4.39
Current Unearned Revenue	-	32	53.86	23.2	56.27
Other Current Liabilities	107	139	50.69	33.29	5.68
Total Current Liabilities	1,129	451	430.92	183.21	170.55
Long-Term Debt	-	-	21.94	68.69	36.8
Other Long-Term Liabilities	-	-	0	-	0
Total Liabilities	1,129	451	452.86	251.9	207.35
Common Stock	16	10	298.73	9.9	9.9
Additional Paid-In Capital	294	288	288.83	-	-
Retained Earnings	1,486	834	409.47	79.31	25.03
Comprehensive Income & Other	290	290	-	-	-
Shareholders' Equity	2,086	1,422	997.04	89.21	34.93
Total Liabilities & Equity	3,215	1,873	1,450	341.12	242.29
Total Debt	400	5	68.69	119.66	102.85
Net Cash (Debt)	27	483	893.41	-101.57	-20.95
Net Cash Growth	-94.41%	-45.94%	-	-	-
Net Cash Per Share	2.62	46.89	88.47	-10.26	-2.12
Filing Date Shares Outstanding	10.26	10.11	10.11	9.9	9.9
Total Common Shares Outstanding	10.26	10.11	10.11	9.9	9.9
Working Capital	1,618	1,088	907.01	48.6	-20.73
Book Value Per Share	203.39	140.65	98.62	9.01	3.53
Tangible Book Value	2,084	1,421	997.04	89.21	34.93
Tangible Book Value Per Share	203.20	140.55	98.62	9.01	3.53
Buildings	99	35	23.87	23.87	11.25
Machinery	148	108	50.05	33.15	10.52
Construction In Progress	1	8	0.97	-	-
Order Backlog	1,269	389	-	-	-