VLC Security Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	1,438	1,605	2,212	2,468	1,931	1,468
Revenue Growth (YoY)	-31.20%	-27.44%	-10.37%	27.81%	31.54%	8.50%
Cost of Revenue	822	954	1,271	1,365	1,060	972
Gross Profit	616	651	941	1,103	871	496
Selling, General & Admin	932	946	1,171	1,016	797	796
Amortization of Goodwill & Intangibles	1	1	4	4	4	4
Operating Expenses	907	921	1,198	1,020	801	821
Operating Income	-291	-270	-257	83	70	-325
Interest Expense	-4	-5	-4	-5	-7	-3
Earnings From Equity Investments	13	8	6	-	-15	-4
Currency Exchange Gain (Loss)	-2	-2	-3	-2	-2	13
Other Non Operating Income (Expenses)	-7	-4	-1	3	2	-7
EBT Excluding Unusual Items	-291	-273	-259	79	48	-326
Gain (Loss) on Sale of Investments	-17	1,193	-16	-	-	-145
Gain (Loss) on Sale of Assets	-	-	-	-	2	78
Asset Writedown	-35	-33	-33	-1	-5	-11
Other Unusual Items	-	-	-1	-	1	-18
Pretax Income	-343	887	-309	78	46	-422
Income Tax Expense	31	289	-	11	8	12
Earnings From Continuing Operations	-374	598	-309	67	38	-434
Net Income	-374	598	-309	67	38	-434
Net Income to Common	-374	598	-309	67	38	-434
Net Income Growth	-	-	-	76.32%	-	-
Shares Outstanding (Basic)	13	13	13	12	12	11
Shares Outstanding (Diluted)	13	13	13	13	12	11
Shares Change (YoY)	1.97%	2.09%	-0.60%	8.92%	9.83%	17.74%
EPS (Basic)	-28.48	46.42	-24.49	5.49	3.28	-40.89
EPS (Diluted)	-28.48	46.42	-24.49	5.49	3.26	-40.89
EPS Growth	-	-	-	68.38%	-	-
Free Cash Flow	-190	-104	-348	21	-210	-136
Free Cash Flow Per Share	-14.47	-8.07	-27.58	1.65	-18.02	-12.81
Gross Margin	42.84%	40.56%	42.54%	44.69%	45.11%	33.79%
Operating Margin	-20.24%	-16.82%	-11.62%	3.36%	3.62%	-22.14%
Profit Margin	-26.01%	37.26%	-13.97%	2.71%	1.97%	-29.56%
Free Cash Flow Margin	-13.21%	-6.48%	-15.73%	0.85%	-10.88%	-9.26%
EBITDA	-266	-246	-213	128	93	-229
EBITDA Margin	-18.50%	-15.33%	-9.63%	5.19%	4.82%	-15.60%
D&A For EBITDA	25	24	44	45	23	96
EBIT	-291	-270	-257	83	70	-325
EBIT Margin	-20.24%	-16.82%	-11.62%	3.36%	3.62%	-22.14%
Effective Tax Rate	-	32.58%	-	14.10%	17.39%	-

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