V-cube 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	2,002	1,006	1,389	1,699	1,823
Cash & Short-Term Investments	2,002	1,006	1,389	1,699	1,823
Cash Growth	99.02%	-27.57%	-18.25%	-6.80%	-34.23%
Receivables	1,491	1,557	1,809	1,720	1,728
Prepaid Expenses	1,047	703	715	-	-
Other Current Assets	273.21	279	103	703	671
Total Current Assets	4,813	3,545	4,016	4,122	4,222
Property, Plant & Equipment	1,804	1,983	1,964	2,047	1,694
Long-Term Investments	393.45	1,248	1,432	1,719	1,517
Goodwill	659.91	770	844	4,071	3,759
Other Intangible Assets	936.72	2,728	3,525	3,024	2,366
Long-Term Deferred Tax Assets	16.09	153	511	1,875	1,651
Long-Term Deferred Charges	7.64	13	-	-	-
Other Long-Term Assets	512.69	2	2	-	2
Total Assets	9,183	10,481	12,329	16,891	15,259
Accounts Payable	424.86	419	579	494	546
Accrued Expenses	105.03	129	107	91	104
Short-Term Debt	3,456	3,587	3,881	2,627	1,642
Current Portion of Long-Term Debt	754.22	754	754	3,998	512
Current Portion of Leases	158.05	196	-	-	-
Current Income Taxes Payable	14.65	29	34	75	51
Current Unearned Revenue	1,046	-	-	-	-
Other Current Liabilities	853.56	1,642	1,888	2,039	1,723
Total Current Liabilities	6,812	6,756	7,243	9,324	4,578
Long-Term Debt	2,425	3,093	3,847	953	4,828
Long-Term Leases	121.74	253	176	310	496
Long-Term Deferred Tax Liabilities	159.21	-	-	-	-
Other Long-Term Liabilities	320.17	357	318	316	257
Total Liabilities	9,839	10,459	11,584	10,903	10,159
Common Stock	10	10	92	92	92
Additional Paid-In Capital	3,153	1,326	2,831	2,831	2,831
Retained Earnings	-5,751	-2,567	-3,220	2,500	2,609
Treasury Stock	-794.79	-794	-794	-794	-794
Comprehensive Income & Other	2,592	1,902	1,721	1,273	310
Total Common Equity	-790.84	-123	630	5,902	5,048
Minority Interest	135.25	145	115	86	52
Shareholders' Equity	-655.58	22	745	5,988	5,100
Total Liabilities & Equity	9,183	10,481	12,329	16,891	15,259
Total Debt	6,915	7,883	8,658	7,888	7,478
Net Cash (Debt)	-4,913	-6,877	-7,269	-6,189	-5,655
Net Cash Per Share	-189.86	-270.43	-299.49	-251.23	-227.29
Filing Date Shares Outstanding	25.88	25.88	25.47	24.27	24.27
Total Common Shares Outstanding	25.88	24.27	24.27	24.27	24.27
Working Capital	-1,999	-3,211	-3,227	-5,202	-356
Book Value Per Share	-30.56	-5.07	25.96	243.17	207.99
Tangible Book Value	-2,387	-3,621	-3,739	-1,193	-1,077
Tangible Book Value Per Share	-92.26	-149.19	-154.05	-49.15	-44.37
Buildings	1,179	-	-	-	-
Machinery	1,763	-	-	-	-

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