VLC Security Balance Sheet

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	Dec '25 Dec 31, 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
Cash & Equivalents	212	265	215	205	183	196
Cash & Short-Term Investments	212	265	215	205	183	196
Cash Growth	-34.97%	23.26%	4.88%	12.02%	-6.63%	22.50%
Receivables	130	343	628	581	435	213
Inventory	27	16	19	20	46	1
Other Current Assets	98	97	101	59	113	88
Total Current Assets	467	721	963	865	777	498
Property, Plant & Equipment	1	-	14	51	65	3
Long-Term Investments	1,116	578	96	93	92	69
Goodwill	-	-	18	23	28	33
Other Intangible Assets	6	-	25	43	39	29
Long-Term Deferred Tax Assets	3	3	10	9	11	5
Long-Term Deferred Charges	-	-	2	6	6	7
Other Long-Term Assets	1	3	3	3	2	2
Total Assets	1,594	1,305	1,131	1,093	1,020	646
Accounts Payable	38	61	129	131	146	136
Accrued Expenses	19	17	32	43	13	16
Short-Term Debt	-	-	127	-	66	-
Current Portion of Long-Term Debt	40	38	48	20	50	22
Current Income Taxes Payable	64	68	86	99	116	58
Other Current Liabilities	143	156	167	190	173	170
Total Current Liabilities	304	340	589	483	564	402
Long-Term Debt	81	109	127	14	42	54
Pension & Post-Retirement Benefits	45	40	64	48	49	58
Long-Term Deferred Tax Liabilities	309	278	-	-	-	-
Other Long-Term Liabilities	3	2	1	2	1	3
Total Liabilities	742	769	781	547	656	517
Common Stock	128	24	10	10	983	892
Additional Paid-In Capital	576	472	482	345	1,394	1,304
Retained Earnings	74	490	-108	201	-2,017	-2,055
Treasury Stock	-	-	-24	-	-	-
Comprehensive Income & Other	74	-450	-10	-10	4	-12
Total Common Equity	852	536	350	546	364	129
Shareholders' Equity	852	536	350	546	364	129
Total Liabilities & Equity	1,594	1,305	1,131	1,093	1,020	646
Total Debt	121	147	302	34	158	76
Net Cash (Debt)	91	118	-87	171	25	120
Net Cash Growth	-43.83%	-	-	584.00%	-79.17%	-
Net Cash Per Share	6.80	9.16	-6.89	13.47	2.14	11.31
Filing Date Shares Outstanding	13.86	12.95	12.87	12.39	12.27	11.06
Total Common Shares Outstanding	13.86	12.93	12.81	12.35	11.86	11.06
Working Capital	163	381	374	382	213	96
Book Value Per Share	61.46	41.45	27.32	44.21	30.69	11.67
Tangible Book Value	846	536	307	480	297	67
Tangible Book Value Per Share	61.03	41.45	23.97	38.87	25.04	6.06
Order Backlog	-	254.64	245.88	421.44	594.58	153.98

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