ValueCommerce Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	11,026	11,775	21,534	20,184	15,498
Cash & Short-Term Investments	11,026	11,775	21,534	20,184	15,498
Cash Growth	-6.36%	-45.32%	6.69%	30.24%	35.69%
Accounts Receivable	2,183	4,195	3,746	4,273	5,021
Other Receivables	1,526	1,495	1,267	1,575	1,420
Receivables	3,709	5,690	5,013	5,848	6,441
Other Current Assets	310	177	118	90	80
Total Current Assets	15,045	17,642	26,665	26,122	22,019
Property, Plant & Equipment	-	216	175	210	239
Long-Term Investments	1,096	756	637	730	467
Goodwill	-	77	52	104	156
Other Intangible Assets	-	846	820	924	970
Long-Term Deferred Tax Assets	-	53	-	105	84
Other Long-Term Assets	1	2	2	2	1
Total Assets	16,142	19,592	28,351	28,197	23,936
Accounts Payable	1,237	2,736	2,385	2,722	2,986
Accrued Expenses	-	-	-	43	28
Current Income Taxes Payable	2,303	3,265	2,627	3,980	3,620
Other Current Liabilities	281	670	790	563	660
Total Current Liabilities	3,821	6,671	5,802	7,308	7,294
Long-Term Deferred Tax Liabilities	139	-	22	-	-
Other Long-Term Liabilities	2	62	64	70	78
Total Liabilities	3,962	6,733	5,888	7,378	7,372
Common Stock	1,728	1,728	1,728	1,728	1,728
Additional Paid-In Capital	1,224	1,224	1,211	1,210	1,168
Retained Earnings	20,427	21,174	19,765	18,110	14,017
Treasury Stock	-11,499	-11,517	-520	-521	-526
Comprehensive Income & Other	300	250	279	292	177
Shareholders' Equity	12,180	12,859	22,463	20,819	16,564
Total Liabilities & Equity	16,142	19,592	28,351	28,197	23,936
Net Cash (Debt)	11,026	11,775	21,534	20,184	15,498
Net Cash Growth	-6.36%	-45.32%	6.69%	30.24%	35.69%
Net Cash Per Share	508.79	466.89	665.86	624.04	479.29
Filing Date Shares Outstanding	21.68	21.66	32.34	32.34	32.32
Total Common Shares Outstanding	21.68	21.66	32.34	32.34	32.32
Working Capital	11,224	10,971	20,863	18,814	14,725
Book Value Per Share	561.90	593.65	694.64	643.81	512.57
Tangible Book Value	12,180	11,936	21,591	19,791	15,438
Tangible Book Value Per Share	561.90	551.04	667.67	612.02	477.73

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