Cash flow Vision Inc. OTC Markets

Stocks

VSIOF

JP3800330007

Integrated Telecommunications Services

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08-10	Vision Inc. Announces Dividend for the Second Quarter of Fiscal Year Ending December 31, 2026, Payable on September 10, 2026	CI
08-10	Vision Inc. Reports Earnings Results for the Half Year Ended June 30, 2026	CI

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Published financial data: VISION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	18.1B	25.49B	31.81B	35.53B	39.01B
Total Revenues	18.1B	25.49B	31.81B	35.53B	39.01B
Cost of Goods Sold, Total	9.09B	13.16B	14.01B	14.96B	17.33B
Gross Profit	9.01B	12.33B	17.8B	20.57B	21.68B
Selling General & Admin Expenses, Total	7.84B	9.84B	13.4B	14.57B	15.11B
Provision for Bad Debts	61M	79M	120M	192M	74M
Other Operating Expenses	-	-	-	443M	33M
Other Operating Expenses, Total	7.9B	9.92B	13.52B	15.2B	15.21B
Operating Income	1.1B	2.41B	4.28B	5.36B	6.46B
Interest Expense, Total	-	-11M	-12M	-10M	-7M
Interest And Investment Income	5M	6M	7M	4M	11M
Net Interest Expenses	5M	-5M	-5M	-6M	4M
Income (Loss) On Equity Invest.	-	-	-4M	17M	-9M
Currency Exchange Gains (Loss)	26M	1M	9M	1M	16M
Other Non Operating Income (Expenses)	7M	10M	56M	44M	-9M
EBT, Excl. Unusual Items	1.14B	2.42B	4.34B	5.42B	6.47B
Gain (Loss) On Sale Of Investments	-18M	-16M	84M	60M	11M
Gain (Loss) On Sale Of Assets	-	-	-	-	-5M
Asset Writedown	-9M	-19M	-44M	-175M	-44M
Other Unusual Items	14M	-30M	9M	-1M	-2M
EBT, Incl. Unusual Items	1.13B	2.36B	4.38B	5.3B	6.43B
Income Tax Expense	400M	804M	1.36B	1.93B	1.91B
Earnings From Continuing Operations	730M	1.55B	3.02B	3.38B	4.52B
Net Income to Company	730M	1.55B	3.02B	3.38B	4.52B
Minority Interest	-1M	-3M	-	-	5M
Net Income - (IS)	729M	1.55B	3.02B	3.38B	4.52B
Net Income to Common Incl Extra Items	729M	1.55B	3.02B	3.38B	4.52B
Net Income to Common Excl. Extra Items	729M	1.55B	3.02B	3.38B	4.52B
Per Share Items
Net EPS - Basic	15.47	31.94	61.85	69.73	92.11
Basic EPS - Continuing Operations	15.47	31.94	61.85	69.73	92.11
Basic Weighted Average Shares Outstanding	47.14M	48.46M	48.91M	48.4M	49.09M
Net EPS - Diluted	15.03	31.51	61.21	69.33	92.03
Diluted EPS - Continuing Operations	15.03	31.51	61.21	69.33	92.03
Diluted Weighted Average Shares Outstanding	48.53M	49.14M	49.44M	48.69M	49.14M
Normalized Basic EPS	15.13	31.15	55.41	70	82.44
Normalized Diluted EPS	14.7	30.72	54.82	69.59	82.36
Dividend Per Share	-	-	-	27	45
Payout Ratio	-	-	-	18.64	36.91
Supplemental Items
EBITDA	1.24B	2.84B	5.03B	6.3B	7.41B
EBITA	1.12B	2.6B	4.49B	5.6B	6.66B
EBIT	1.1B	2.41B	4.28B	5.36B	6.46B
Effective Tax Rate - (Ratio)	35.4	34.14	31.01	36.38	29.72
Normalized Net Income	713M	1.51B	2.71B	3.39B	4.05B
Supplemental Operating Expense Items
Advertising Expense	1.11B	1.6B	2.58B	3.06B	3.35B
Selling and Marketing Expenses	1.11B	1.6B	2.58B	3.06B	3.35B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.6B	8.16B	10.22B	11.88B	13.56B
Total Cash And Short Term Investments	7.6B	8.16B	10.22B	11.88B	13.56B
Accounts Receivable, Total	2.12B	3.55B	3.54B	5.93B	7.12B
Total Receivables	2.12B	3.55B	3.54B	5.93B	7.12B
Inventory	208M	240M	311M	363M	472M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	817M	905M	1.38B	1.06B	1.89B
Total Current Assets	10.75B	12.85B	15.45B	19.23B	23.04B
Net Property Plant And Equipment	534M	2.18B	3.19B	3.56B	4.43B
Long-term Investments	1.23B	1.22B	971M	1.14B	1.27B
Goodwill	1.33B	1.16B	1.25B	905M	704M
Other Intangibles, Total	150M	172M	105M	103M	210M
Loans Receivable Long-Term	319M	3M	-	-	46M
Deferred Tax Assets Long-Term	621M	363M	406M	322M	472M
Other Long-Term Assets, Total	2M	2M	2M	1M	1M
Total Assets	14.93B	17.95B	21.37B	25.26B	30.17B
Liabilities
Accounts Payable, Total	914M	820M	1.23B	1.46B	1.57B
Accrued Expenses, Total	306M	366M	439M	221M	271M
Short-term Borrowings	50M	-	-	-	-
Current Portion of Long-Term Debt	89M	120M	120M	135M	95M
Current Portion of Leases	15M	12M	1M	-	-
Current Income Taxes Payable	1.6B	2.68B	3.26B	3.2B	3.42B
Other Current Liabilities	902M	875M	929M	1.66B	1.34B
Total Current Liabilities	3.88B	4.87B	5.97B	6.69B	6.69B
Long-Term Debt	733M	847M	601M	464M	1.84B
Long-Term Leases	14M	1M	-	-	-
Deferred Tax Liability Non Current	6M	7M	17M	24M	26M
Other Non Current Liabilities	178M	185M	169M	196M	328M
Total Liabilities	4.81B	5.91B	6.76B	7.37B	8.88B
Common Stock, Total	2.39B	2.54B	2.57B	2.71B	2.94B
Additional Paid In Capital	2.45B	2.6B	2.64B	2.53B	2.76B
Retained Earnings	7.09B	8.64B	11.66B	14.14B	17B
Treasury Stock	-1.86B	-1.86B	-2.64B	-2.14B	-2.1B
Comprehensive Income and Other	52M	121M	380M	636M	692M
Total Common Equity	10.12B	12.03B	14.61B	17.89B	21.28B
Minority Interest	2M	6M	-	-	4M
Total Equity	10.12B	12.04B	14.61B	17.89B	21.29B
Total Liabilities And Equity	14.93B	17.95B	21.37B	25.26B	30.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	47.61M	48.94M	48.34M	48.78M	49.21M
ECS Total Common Shares Outstanding	47.59M	48.92M	48.33M	48.66M	49.21M
Book Value / Share	212.63	245.97	302.19	367.65	432.5
Tangible Book Value	8.64B	10.7B	13.25B	16.88B	20.37B
Tangible Book Value Per Share	181.49	218.76	274.2	346.94	413.93
Total Debt	901M	980M	722M	599M	1.93B
Net Debt	-6.7B	-7.18B	-9.5B	-11.28B	-11.63B
Minority Interest, Total (Incl. Fin. Div)	2M	6M	-	-	4M
Inventories - Raw Materials, Total	5M	15M	5M	34M	-
Inventories - Finished Goods, Total	202M	224M	305M	329M	471M
Inventories - Others	1M	1M	1M	-	1M
Full Time Employees	607	649	744	782	789
Accumulated Allowance for Doubtful Accounts (Supple)	77M	119M	177M	260M	171M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.13B	2.36B	4.39B	5.3B	6.43B
Depreciation & Amortization - CF	117M	241M	544M	705M	752M
Amortization of Goodwill and Intangible Assets - (CF)	19M	184M	210M	230M	196M
Depreciation & Amortization, Total	136M	425M	754M	935M	948M
(Gain) Loss From Sale Of Asset	8M	19M	44M	176M	50M
(Gain) Loss on Sale of Investments - (CF)	27M	16M	-84M	-60M	-10M
(Income) Loss On Equity Investments - (CF)	-	-	4M	-17M	9M
Other Operating Activities, Total	-57M	-223M	-695M	-1.78B	-2.04B
Change In Accounts Receivable	-706M	-1.43B	-94M	-2.52B	-1.08B
Change In Inventories	-78M	-28M	-70M	-53M	-226M
Change In Accounts Payable	687M	454M	307M	245M	261M
Change in Other Net Operating Assets	264M	-48M	501M	880M	-699M
Cash from Operations	1.41B	1.54B	5.05B	3.12B	3.64B
Capital Expenditure	-187M	-1.22B	-1.77B	-1.04B	-1.74B
Sale of Property, Plant, and Equipment	-	4M	-	6M	1M
Cash Acquisitions	-	96M	-211M	-	4M
Divestitures	-	-	-	-	55M
Sale (Purchase) of Intangible assets	-40M	-67M	-48M	-33M	-143M
Investment in Marketable and Equity Securities, Total	-	9M	160M	91M	11M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-300M	0	-	-	-73M
Other Investing Activities, Total	-27M	-25M	25M	-185M	-241M
Cash from Investing	-554M	-1.2B	-1.84B	-1.16B	-2.13B
Long-Term Debt Issued, Total	-	-	-	-	1.44B
Total Debt Issued	-	-	-	-	1.44B
Short Term Debt Repaid, Total	-	-50M	-	-	-
Long-Term Debt Repaid, Total	-	-98M	-308M	-128M	-109M
Total Debt Repaid	-	-148M	-308M	-128M	-109M
Issuance of Common Stock	47M	301M	70M	281M	1.92B
Repurchase of Common Stock	-	-	-782M	-	-1.44B
Common Dividends Paid	-	-	-	-629M	-1.67B
Common & Preferred Stock Dividends Paid	-	-	-	-629M	-1.67B
Other Financing Activities, Total	-17M	-16M	-20M	-2M	11M
Cash from Financing	30M	137M	-1.04B	-478M	149M
Foreign Exchange Rate Adjustments	40M	78M	50M	27M	30M
Miscellaneous Cash Flow Adjustments	23M	-	-	-	1M
Net Change in Cash	951M	554M	2.22B	1.5B	1.69B
Supplemental Items
Cash Interest Paid	-	12M	12M	10M	7M
Cash Income Tax Paid (Refund)	75M	224M	727M	1.81B	2.04B
Levered Free Cash Flow	910M	107M	2.19B	1.78B	1.02B
Unlevered Free Cash Flow	910M	114M	2.2B	1.79B	1.02B
Change In Net Working Capital	-310M	536M	-583M	1.42B	2.08B
Net Debt Issued / Repaid	-	-148M	-308M	-128M	1.33B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.26	9.18	13.61	14.38	14.58
Return on Total Capital	6.96	12.55	18.87	19.83	19.38
Return On Equity %	7.73	14	22.71	20.77	23.06
Return on Common Equity	7.72	13.98	22.71	20.77	23.09
Margin Analysis
Gross Profit Margin %	49.77	48.38	55.97	57.9	55.57
SG&A Margin	43.33	38.6	42.13	41.01	38.72
EBITDA Margin %	6.86	11.14	15.83	17.73	19
EBITA Margin %	6.21	10.19	14.12	15.75	17.07
EBIT Margin %	6.1	9.47	13.46	15.1	16.57
Income From Continuing Operations Margin %	4.03	6.09	9.51	9.5	11.58
Net Income Margin %	4.03	6.07	9.51	9.5	11.59
Net Avail. For Common Margin %	4.03	6.07	9.51	9.5	11.59
Normalized Net Income Margin	3.94	5.92	8.52	9.54	10.37
Levered Free Cash Flow Margin	5.03	0.42	6.89	5.02	2.61
Unlevered Free Cash Flow Margin	5.03	0.45	6.91	5.04	2.62
Asset Turnover
Asset Turnover	1.38	1.55	1.62	1.52	1.41
Fixed Assets Turnover	41.32	18.75	11.84	10.53	9.77
Receivables Turnover (Average Receivables)	10.33	8.99	8.97	7.51	5.98
Inventory Turnover (Average Inventory)	53.8	58.74	50.84	44.39	41.52
Short Term Liquidity
Current Ratio	2.77	2.64	2.59	2.88	3.44
Quick Ratio	2.51	2.4	2.3	2.66	3.09
Operating Cash Flow to Current Liabilities	0.36	0.32	0.85	0.47	0.54
Days Sales Outstanding (Average Receivables)	35.32	40.61	40.67	48.75	61.01
Days Outstanding Inventory (Average Inventory)	6.78	6.21	7.18	8.25	8.79
Average Days Payable Outstanding	32.44	23.99	26.56	32.81	31.77
Cash Conversion Cycle (Average Days)	9.66	22.83	21.28	24.18	38.04
Long Term Solvency
Total Debt/Equity	8.9	8.14	4.94	3.35	9.08
Total Debt / Total Capital	8.17	7.53	4.71	3.24	8.32
LT Debt/Equity	7.38	7.04	4.11	2.59	8.63
Long-Term Debt / Total Capital	6.78	6.51	3.92	2.51	7.91
Total Liabilities / Total Assets	32.22	32.93	31.64	29.18	29.45
EBIT / Interest Expense	-	219.45	356.67	536.5	923.57
EBITDA / Interest Expense	-	258.09	419.5	630	1.06K
(EBITDA - Capex) / Interest Expense	-	147.45	272.33	525.8	810
Total Debt / EBITDA	0.73	0.35	0.14	0.1	0.26
Net Debt / EBITDA	-5.4	-2.53	-1.89	-1.79	-1.57
Total Debt / (EBITDA - Capex)	0.85	0.6	0.22	0.11	0.34
Net Debt / (EBITDA - Capex)	-6.36	-4.42	-2.91	-2.15	-2.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.68	40.81	24.8	11.7	9.81
Gross Profit, 1 Yr. Growth %	2.45	36.88	44.37	15.56	5.39
EBITDA, 1 Yr. Growth %	95.43	128.77	77.32	25.15	17.67
EBITA, 1 Yr. Growth %	785.04	131.14	72.83	24.61	19.05
EBIT, 1 Yr. Growth %	962.5	118.46	77.3	25.35	20.5
Earnings From Cont. Operations, 1 Yr. Growth %	-161.66	112.47	95.04	11.57	33.84
Net Income, 1 Yr. Growth %	-161.62	112.35	95.41	11.57	33.99
Normalized Net Income, 1 Yr. Growth %	392.83	111.6	79.53	25.02	19.44
Diluted EPS Before Extra, 1 Yr. Growth %	-160	109.65	94.26	13.27	32.74
Accounts Receivable, 1 Yr. Growth %	53.47	67.42	-0.39	67.57	20.04
Inventory, 1 Yr. Growth %	60	15.38	29.58	16.72	30.03
Net Property, Plant and Equip., 1 Yr. Growth %	56.14	309.18	45.9	11.61	24.54
Total Assets, 1 Yr. Growth %	31.99	20.22	19.02	18.23	19.44
Tangible Book Value, 1 Yr. Growth %	0.77	23.91	23.84	27.38	20.66
Common Equity, 1 Yr. Growth %	15.42	18.91	21.38	22.48	18.97
Cash From Operations, 1 Yr. Growth %	-457.47	8.99	228.4	-38.35	16.66
Capital Expenditures, 1 Yr. Growth %	-7.43	550.8	45.11	-41	67.27
Levered Free Cash Flow, 1 Yr. Growth %	-326.2	-88.25	1.95K	-18.61	-42.89
Unlevered Free Cash Flow, 1 Yr. Growth %	-327.98	-87.49	1.83K	-18.6	-42.84
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	66.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-18.6	23.71	32.56	18.07	10.75
Gross Profit, 2 Yr. CAGR %	-24.23	18.42	40.58	29.16	10.36
EBITDA, 2 Yr. CAGR %	-46.96	111.44	101.41	48.97	21.35
EBITA, 2 Yr. CAGR %	-42.15	352.29	99.87	46.75	21.8
EBIT, 2 Yr. CAGR %	-42.35	381.78	96.81	49.08	22.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.73	14.45	103.56	47.51	22.2
Net Income, 2 Yr. CAGR %	-42.77	14.39	103.7	47.66	22.27
Normalized Net Income, 2 Yr. CAGR %	-41.7	222.93	94.91	49.82	22.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-41.88	12.15	101.8	48.33	22.62
Accounts Receivable, 2 Yr. CAGR %	-0.72	60.3	29.14	29.19	41.83
Inventory, 2 Yr. CAGR %	21.89	35.87	22.28	22.98	23.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-33.29	152.76	144.34	27.61	17.89
Total Assets, 2 Yr. CAGR %	-0.8	25.97	19.62	18.63	18.83
Tangible Book Value, 2 Yr. CAGR %	-8.15	11.74	23.87	25.6	23.97
Common Equity, 2 Yr. CAGR %	-3.67	17.16	20.14	21.93	20.71
Cash From Operations, 2 Yr. CAGR %	-36.92	97.39	89.19	42.29	-15.19
Capital Expenditures, 2 Yr. CAGR %	-60.24	145.45	207.31	-7.47	-0.65
Levered Free Cash Flow, 2 Yr. CAGR %	-30.01	-48.45	55.18	308.43	-31.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	-30.16	-46.61	55.45	296.59	-31.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.58	-2.29	24.07	25.21	15.25
Gross Profit, 3 Yr. CAGR %	-10.7	-7.72	26.5	31.68	20.7
EBITDA, 3 Yr. CAGR %	-28.06	-13.67	99.39	71.87	37.7
EBITA, 3 Yr. CAGR %	-23.42	-8.21	228.21	70.74	36.87
EBIT, 3 Yr. CAGR %	-23.66	-10.12	245.25	69.33	38.87
Earnings From Cont. Operations, 3 Yr. CAGR %	-21.77	-11.35	36.71	66.59	42.81
Net Income, 3 Yr. CAGR %	-21.88	-11.4	36.75	66.67	42.95
Normalized Net Income, 3 Yr. CAGR %	-23.05	-10.4	165.53	68.09	38.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.16	-10.86	34.69	66.46	42.94
Accounts Receivable, 3 Yr. CAGR %	3.37	18.17	36.79	40.85	26.07
Inventory, 3 Yr. CAGR %	39.27	19.68	33.74	20.4	25.29
Net Property, Plant and Equip., 3 Yr. CAGR %	-20.7	22.11	110.46	88.17	26.58
Total Assets, 3 Yr. CAGR %	3.29	5.76	23.61	19.15	18.9
Tangible Book Value, 3 Yr. CAGR %	-1.82	1.49	15.64	25.03	23.93
Common Equity, 3 Yr. CAGR %	1.07	3.34	18.55	20.92	20.94
Cash From Operations, 3 Yr. CAGR %	-21.22	-24.31	133.89	30.19	33.17
Capital Expenditures, 3 Yr. CAGR %	-36.29	0.95	106.01	77.29	12.72
Levered Free Cash Flow, 3 Yr. CAGR %	-26.15	-61.39	75.95	25.15	112
Unlevered Free Cash Flow, 3 Yr. CAGR %	-26.15	-60.64	76.61	25.29	107.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.05	7.74	8.14	5.4	18.56
Gross Profit, 5 Yr. CAGR %	0.88	3.95	7.07	5.57	19.78
EBITDA, 5 Yr. CAGR %	-5.04	4.61	8.6	7.38	63.47
EBITA, 5 Yr. CAGR %	-2.72	7.76	12.4	10.74	120.77
EBIT, 5 Yr. CAGR %	-3.05	6.19	11.5	10.04	128.41
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.13	5.13	14.68	8.68	30.71
Net Income, 5 Yr. CAGR %	-2.16	5.08	14.62	8.68	30.76
Normalized Net Income, 5 Yr. CAGR %	-2.51	6.14	11.59	10.05	94.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.82	5.42	14.82	9.28	29.72
Accounts Receivable, 5 Yr. CAGR %	12.01	19.67	13	22.46	38.78
Inventory, 5 Yr. CAGR %	20.46	30.26	32.21	20.99	29.42
Net Property, Plant and Equip., 5 Yr. CAGR %	2.16	20.53	24.38	24.28	66.91
Total Assets, 5 Yr. CAGR %	8.49	9.35	9.53	10.73	21.68
Tangible Book Value, 5 Yr. CAGR %	4.63	6.01	7.75	10.52	18.9
Common Equity, 5 Yr. CAGR %	6.72	6.99	8.3	10.41	19.41
Cash From Operations, 5 Yr. CAGR %	-1.1	-0.98	11.84	-2.57	55.88
Capital Expenditures, 5 Yr. CAGR %	-20.04	-0.57	19.56	-2.51	53.88
Levered Free Cash Flow, 5 Yr. CAGR %	1.03	-11.56	-0.61	-0.81	20.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.03	-10.45	-0.54	-0.83	20.71