Income Statement Voltage Incorporation

Stocks

3639

JP3855700005

Software

Delayed Japan Exchange Other stock markets 01:12:17 2026-08-07 EDT			5-day change	1st Jan Change
224.00 ^JPY	0.00%		0.00%	-14.50%

06-30	Voltage Incorporation completed the acquisition of Opera House Co., Ltd. from Ryuji Kaneko.	CI
06-10	Voltage Incorporation agreed to acquire Opera House Co., Ltd. from Ryuji Kaneko.	CI

651cce43249b0b0e285505de329228.HU85HFEeZzPNIL4zQMat7Td0WAg0nPcl0hAG5wZatv8.ZyJzL2UmFGqMWckAIqfchFYgbmtC77pf5Eho02li7LAwPGhuCHsQe6xNhg

Published financial data: VOLTAGE INCORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	6.9B	5.39B	4.26B	3.46B	2.82B
Total Revenues	6.9B	5.39B	4.26B	3.46B	2.82B
Cost of Goods Sold, Total	2.37B	2.25B	1.82B	1.63B	1.34B
Gross Profit	4.53B	3.15B	2.44B	1.83B	1.48B
Selling General & Admin Expenses, Total	4.37B	3.51B	2.52B	1.92B	1.46B
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses, Total	4.37B	3.51B	2.52B	1.92B	1.46B
Operating Income	159M	-363M	-85M	-95M	15M
Interest Expense, Total	-	-1M	-1M	-1M	-1M
Interest And Investment Income	3M	3M	4M	5M	4M
Net Interest Expenses	3M	2M	3M	4M	3M
Currency Exchange Gains (Loss)	1M	54M	10M	17M	-11M
Other Non Operating Income (Expenses)	13M	8M	8M	-11M	5M
EBT, Excl. Unusual Items	176M	-299M	-64M	-85M	12M
Gain (Loss) On Sale Of Investments	1M	-86M	27M	100M	5M
Gain (Loss) On Sale Of Assets	-	2M	-	-	-
Asset Writedown	-	-15M	-1M	-3M	-
Other Unusual Items	-	-1M	2M	-	-
EBT, Incl. Unusual Items	177M	-399M	-36M	12M	17M
Income Tax Expense	14M	13M	3M	7M	4M
Earnings From Continuing Operations	163M	-412M	-39M	5M	13M
Net Income to Company	163M	-412M	-39M	5M	13M
Net Income - (IS)	163M	-412M	-39M	5M	13M
Net Income to Common Incl Extra Items	163M	-412M	-39M	5M	13M
Net Income to Common Excl. Extra Items	163M	-412M	-39M	5M	13M
Per Share Items
Net EPS - Basic	25.45	-64.15	-6.07	0.78	2.02
Basic EPS - Continuing Operations	25.45	-64.15	-6.07	0.78	2.02
Basic Weighted Average Shares Outstanding	6.41M	6.42M	6.42M	6.42M	6.42M
Net EPS - Diluted	25.45	-64.15	-6.07	0.78	2.02
Diluted EPS - Continuing Operations	25.45	-64.15	-6.07	0.78	2.02
Diluted Weighted Average Shares Outstanding	6.41M	6.42M	6.42M	6.44M	6.46M
Normalized Basic EPS	17.17	-29.1	-6.23	-8.27	1.17
Normalized Diluted EPS	17.17	-29.1	-6.23	-8.25	1.16
Dividend Per Share	8	-	-	-	-
Payout Ratio	-	-12.38	-	-	-
Supplemental Items
EBITDA	180M	-329M	-48M	-58M	64M
EBITA	159M	-363M	-85M	-95M	15M
EBIT	159M	-363M	-85M	-95M	15M
Effective Tax Rate - (Ratio)	7.91	-3.26	-8.33	58.33	23.53
Normalized Net Income	110M	-187M	-40M	-53.12M	7.5M
Non-Cash Pension Expense	14M	16M	16M	17M	15M
Supplemental Operating Expense Items
Advertising Expense	1.55B	1.14B	806M	520M	286M
Selling and Marketing Expenses	3.6B	2.71B	1.89B	1.31B	903M
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.84B	1.47B	1.45B	1.29B	1.32B
Short Term Investments	-	116M	65M	500M	352M
Total Cash And Short Term Investments	1.84B	1.59B	1.51B	1.79B	1.68B
Accounts Receivable, Total	928M	591M	462M	363M	329M
Other Receivables	-	-	-	-	-
Total Receivables	928M	591M	462M	363M	329M
Inventory	-	-	41M	17M	11M
Prepaid Expenses	48M	25M	25M	23M	22M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	81M	84M	3M	4M	3M
Total Current Assets	2.9B	2.29B	2.04B	2.2B	2.04B
Net Property Plant And Equipment	24M	20M	11M	8M	15M
Long-term Investments	545M	702M	840M	573M	689M
Other Intangibles, Total	40M	47M	59M	52M	48M
Deferred Tax Assets Long-Term	7M	-	-	-	-
Other Long-Term Assets, Total	1M	2M	2M	2M	-
Total Assets	3.51B	3.06B	2.95B	2.84B	2.79B
Liabilities
Accounts Payable, Total	102M	145M	84M	59M	47M
Accrued Expenses, Total	463M	309M	248M	177M	143M
Short-term Borrowings	30M	30M	30M	-	-
Current Portion of Long-Term Debt	3M	3M	3M	3M	3M
Current Income Taxes Payable	44M	9M	6M	20M	12M
Other Current Liabilities	119M	261M	293M	276M	267M
Total Current Liabilities	761M	757M	664M	535M	472M
Long-Term Debt	113M	109M	105M	101M	97M
Deferred Tax Liability Non Current	-	3M	21M	24M	27M
Other Non Current Liabilities	3M	3M	3M	2M	3M
Total Liabilities	877M	872M	793M	662M	599M
Common Stock, Total	1.25B	1.25B	1.25B	1.25B	1.25B
Additional Paid In Capital	1.22B	1.22B	1.22B	1.22B	1.22B
Retained Earnings	244M	-218M	-257M	-252M	-239M
Treasury Stock	-100M	-100M	-100M	-100M	-100M
Comprehensive Income and Other	26M	40M	52M	60M	67M
Total Common Equity	2.64B	2.19B	2.16B	2.17B	2.2B
Total Equity	2.64B	2.19B	2.16B	2.17B	2.2B
Total Liabilities And Equity	3.51B	3.06B	2.95B	2.84B	2.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.42M	6.42M	6.42M	6.42M	6.49M
ECS Total Common Shares Outstanding	6.42M	6.42M	6.42M	6.42M	6.43M
Book Value / Share	410.46	340.7	336.49	338.52	341.51
Tangible Book Value	2.6B	2.14B	2.1B	2.12B	2.15B
Tangible Book Value Per Share	404.23	333.38	327.31	330.42	334.04
Total Debt	146M	142M	138M	104M	100M
Net Debt	-1.69B	-1.45B	-1.37B	-1.69B	-1.58B
Inventories - Finished Goods, Total	-	-	41M	17M	11M
Full Time Employees	238	211	191	165	143
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	177M	-399M	-35M	12M	17M
Depreciation & Amortization - CF	21M	34M	37M	37M	49M
Depreciation & Amortization, Total	21M	34M	37M	37M	49M
(Gain) Loss From Sale Of Asset	-	12M	1M	3M	-
(Gain) Loss on Sale of Investments - (CF)	-1M	-	-	-99M	-5M
Other Operating Activities, Total	-7M	-29M	7M	-2M	-2M
Change In Accounts Receivable	85M	340M	128M	99M	33M
Change In Inventories	-	-	-10M	23M	5M
Change In Accounts Payable	-18M	-227M	-69M	-88M	-36M
Change in Other Net Operating Assets	-25M	144M	53M	-26M	-20M
Cash from Operations	232M	-125M	112M	-41M	41M
Capital Expenditure	-33M	-17M	-8M	-5M	-21M
Sale of Property, Plant, and Equipment	-	3M	-	-	-
Sale (Purchase) of Intangible assets	-41M	-38M	-33M	-23M	-22M
Investment in Marketable and Equity Securities, Total	-34M	-129M	-102M	247M	-60M
Other Investing Activities, Total	-151M	-23M	4M	-298M	102M
Cash from Investing	-259M	-204M	-139M	-79M	-1M
Short Term Debt Issued, Total	60M	60M	60M	-	-
Long-Term Debt Issued, Total	120M	-	-	-	-
Total Debt Issued	180M	60M	60M	-	-
Short Term Debt Repaid, Total	-30M	-60M	-60M	-30M	-
Long-Term Debt Repaid, Total	-3M	-3M	-3M	-3M	-3M
Total Debt Repaid	-33M	-63M	-63M	-33M	-3M
Issuance of Common Stock	182M	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-51M	-	-	-
Common & Preferred Stock Dividends Paid	-	-51M	-	-	-
Other Financing Activities, Total	-	-1M	-1M	-1M	-1M
Cash from Financing	329M	-55M	-4M	-34M	-4M
Foreign Exchange Rate Adjustments	5M	19M	4M	2M	-4M
Miscellaneous Cash Flow Adjustments	1M	-	1M	-	-1M
Net Change in Cash	308M	-365M	-26M	-152M	31M
Supplemental Items
Cash Interest Paid	-	1M	1M	1M	1M
Cash Income Tax Paid (Refund)	7M	31M	-7M	2M	2M
Levered Free Cash Flow	120M	104M	18.25M	-26M	-6.25M
Unlevered Free Cash Flow	120M	105M	18.88M	-25.38M	-5.62M
Change In Net Working Capital	-74M	-353M	-76M	-25M	21M
Net Debt Issued / Repaid	147M	-3M	-3M	-33M	-3M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.05	-6.9	-1.77	-2.05	0.33
Return on Total Capital	3.92	-8.88	-2.3	-2.59	0.41
Return On Equity %	6.63	-17.08	-1.79	0.23	0.6
Return on Common Equity	6.63	-17.08	-1.79	0.23	0.6
Margin Analysis
Gross Profit Margin %	65.62	58.35	57.25	52.95	52.34
SG&A Margin	63.31	65.08	59.24	55.7	51.81
EBITDA Margin %	2.61	-6.1	-1.13	-1.68	2.27
EBITA Margin %	2.3	-6.73	-2	-2.75	0.53
EBIT Margin %	2.3	-6.73	-2	-2.75	0.53
Income From Continuing Operations Margin %	2.36	-7.64	-0.92	0.14	0.46
Net Income Margin %	2.36	-7.64	-0.92	0.14	0.46
Net Avail. For Common Margin %	2.36	-7.64	-0.92	0.14	0.46
Normalized Net Income Margin	1.59	-3.47	-0.94	-1.54	0.27
Levered Free Cash Flow Margin	1.74	1.94	0.43	-0.75	-0.22
Unlevered Free Cash Flow Margin	1.74	1.95	0.44	-0.73	-0.2
Asset Turnover
Asset Turnover	2.12	1.64	1.42	1.19	1
Fixed Assets Turnover	530.92	245.09	274.65	363.79	245.04
Receivables Turnover (Average Receivables)	7.11	7.1	8.09	8.38	8.14
Inventory Turnover (Average Inventory)	-	-	-	56.07	95.93
Short Term Liquidity
Current Ratio	3.81	3.02	3.08	4.11	4.33
Quick Ratio	3.64	2.88	2.97	4.03	4.25
Operating Cash Flow to Current Liabilities	0.3	-0.17	0.17	-0.08	0.09
Days Sales Outstanding (Average Receivables)	51.32	51.41	45.14	43.68	44.82
Days Outstanding Inventory (Average Inventory)	-	-	-	6.53	3.8
Average Days Payable Outstanding	14.77	20.07	-	16.33	14.47
Cash Conversion Cycle (Average Days)	-	-	-	33.88	34.15
Long Term Solvency
Total Debt/Equity	5.54	6.49	6.39	4.78	4.56
Total Debt / Total Capital	5.25	6.09	6	4.57	4.36
LT Debt/Equity	4.29	4.98	4.86	4.65	4.42
Long-Term Debt / Total Capital	4.06	4.68	4.57	4.43	4.23
Total Liabilities / Total Assets	24.96	28.5	26.84	23.34	21.44
EBIT / Interest Expense	-	-363	-85	-95	15
EBITDA / Interest Expense	-	-329	-48	-58	64
(EBITDA - Capex) / Interest Expense	-	-346	-56	-63	43
Total Debt / EBITDA	0.81	-0.43	-2.88	-1.79	1.56
Net Debt / EBITDA	-9.41	4.4	28.6	29.14	-24.64
Total Debt / (EBITDA - Capex)	0.99	-0.41	-2.46	-1.65	2.33
Net Debt / (EBITDA - Capex)	-11.52	4.18	24.52	26.83	-36.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.78	-21.88	-21.05	-18.82	-18.46
Gross Profit, 1 Yr. Growth %	7.32	-30.54	-22.54	-24.91	-19.4
EBITDA, 1 Yr. Growth %	-350	-282.78	-85.41	20.83	-210.34
EBITA, 1 Yr. Growth %	-284.88	-328.3	-76.58	11.76	-115.79
EBIT, 1 Yr. Growth %	-284.88	-328.3	-76.58	11.76	-115.79
Earnings From Cont. Operations, 1 Yr. Growth %	-201.88	-352.76	-90.53	-112.82	160
Net Income, 1 Yr. Growth %	-201.88	-352.76	-90.53	-112.82	160
Normalized Net Income, 1 Yr. Growth %	-302.3	-269.89	-78.6	32.81	-114.12
Diluted EPS Before Extra, 1 Yr. Growth %	-189.34	-352.1	-90.53	-112.82	159.91
Accounts Receivable, 1 Yr. Growth %	-8.39	-36.31	-21.83	-21.43	-9.37
Inventory, 1 Yr. Growth %	-	-	-	-58.54	-35.29
Net Property, Plant and Equip., 1 Yr. Growth %	1.1K	-16.67	-45	-27.27	87.5
Total Assets, 1 Yr. Growth %	16.94	-12.9	-3.46	-3.99	-1.48
Tangible Book Value, 1 Yr. Growth %	13.76	-17.53	-1.82	0.95	1.18
Common Equity, 1 Yr. Growth %	15.46	-17	-1.23	0.6	0.97
Cash From Operations, 1 Yr. Growth %	-204.04	-153.88	-189.6	-136.61	-200
Capital Expenditures, 1 Yr. Growth %	153.85	-48.48	-52.94	-37.5	320
Levered Free Cash Flow, 1 Yr. Growth %	-150	-13.19	-82.54	-242.47	-75.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-150	-12.67	-82.05	-234.44	-77.83
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.54	-9.52	-21.46	-19.94	-18.64
Gross Profit, 2 Yr. CAGR %	0.19	-13.66	-26.65	-23.73	-22.2
EBITDA, 2 Yr. CAGR %	173.86	113.76	-48.36	-58.01	15.47
EBITA, 2 Yr. CAGR %	-10.61	105.45	-26.88	-48.84	-57.99
EBIT, 2 Yr. CAGR %	-10.61	105.45	-26.88	-48.84	-57.99
Earnings From Cont. Operations, 2 Yr. CAGR %	-32.24	60.47	-51.09	-88.98	-42.26
Net Income, 2 Yr. CAGR %	-32.24	60.47	-51.09	-88.98	-42.26
Normalized Net Income, 2 Yr. CAGR %	-9.31	85.39	-39.7	-46.68	-56.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.3	50.07	-51.15	-88.98	-42.28
Accounts Receivable, 2 Yr. CAGR %	-0.21	-23.62	-29.44	-21.63	-15.61
Inventory, 2 Yr. CAGR %	-	-	-	-	-48.2
Net Property, Plant and Equip., 2 Yr. CAGR %	144.95	216.23	-32.3	-36.75	16.77
Total Assets, 2 Yr. CAGR %	12.35	0.93	-8.3	-3.73	-2.75
Tangible Book Value, 2 Yr. CAGR %	14.97	-3.14	-10.02	-0.44	1.06
Common Equity, 2 Yr. CAGR %	14.69	-2.1	-9.46	-0.32	0.78
Cash From Operations, 2 Yr. CAGR %	2.69	-25.13	-30.52	-42.73	-39.5
Capital Expenditures, 2 Yr. CAGR %	117.12	14.35	-50.76	-45.77	62.02
Levered Free Cash Flow, 2 Yr. CAGR %	-33.43	-34.12	-61.06	-50.12	-41.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-33.43	-33.92	-60.4	-50.87	-45.41
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.26	-8.85	-13.54	-20.59	-19.45
Gross Profit, 3 Yr. CAGR %	3.78	-11.33	-16.73	-26.07	-22.31
EBITDA, 3 Yr. CAGR %	-37.83	139.33	-12.64	-31.44	-42.06
EBITA, 3 Yr. CAGR %	-46.56	22.18	-0.39	-15.77	-65.43
EBIT, 3 Yr. CAGR %	-46.56	22.18	-0.39	-15.77	-65.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-50.3	5.09	-37.53	-68.7	-68.4
Net Income, 3 Yr. CAGR %	-50.3	5.09	-37.53	-68.7	-68.4
Normalized Net Income, 3 Yr. CAGR %	-45.17	11.79	-9.73	-21.54	-65.76
Diluted EPS Before Extra, 3 Yr. CAGR %	-53.9	-2.43	-40.26	-68.72	-68.4
Accounts Receivable, 3 Yr. CAGR %	-2.97	-14.09	-23.03	-26.87	-17.74
Net Property, Plant and Equip., 3 Yr. CAGR %	-33.87	71	76.52	-30.66	-9.14
Total Assets, 3 Yr. CAGR %	4.39	3.21	-0.56	-6.89	-2.99
Tangible Book Value, 3 Yr. CAGR %	6.01	2.92	-2.7	-6.5	0.09
Common Equity, 3 Yr. CAGR %	3.7	2.97	-1.81	-6.22	0.11
Cash From Operations, 3 Yr. CAGR %	-31.38	-17.17	-20.51	-43.88	-31.04
Capital Expenditures, 3 Yr. CAGR %	14.47	34.42	-14.94	-46.69	7.3
Levered Free Cash Flow, 3 Yr. CAGR %	-36.14	-27.27	-57.68	-40	-60.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	-36.14	-27.12	-57.2	-40.49	-62.32
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9.26	-9.37	-10.45	-13.46	-15.62
Gross Profit, 5 Yr. CAGR %	-7.96	-8.56	-9.67	-16.51	-18.96
EBITDA, 5 Yr. CAGR %	-28.69	-8.99	-42.28	19.3	-2.33
EBITA, 5 Yr. CAGR %	-21.43	20.82	-39.42	-13.75	-29.48
EBIT, 5 Yr. CAGR %	-21.43	20.82	-39.42	-13.75	-29.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.94	76.58	-50.62	-57.37	-39.47
Net Income, 5 Yr. CAGR %	-4.94	76.58	-50.62	-57.37	-39.47
Normalized Net Income, 5 Yr. CAGR %	-18.42	13.61	-43.05	-16.86	-32.71
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.81	68.66	-52.82	-59.22	-41.07
Accounts Receivable, 5 Yr. CAGR %	-6.36	-12.16	-14.58	-17.19	-20.14
Net Property, Plant and Equip., 5 Yr. CAGR %	-35.13	-32.81	-33.25	14.87	49.63
Total Assets, 5 Yr. CAGR %	-6.46	-7.13	-0.88	0.38	-1.44
Tangible Book Value, 5 Yr. CAGR %	-5.23	-8.66	-0.72	1.56	-1.21
Common Equity, 5 Yr. CAGR %	-7.38	-10.14	-1.78	1.64	-0.78
Cash From Operations, 5 Yr. CAGR %	-24.08	-12.3	-31.04	-28.54	-28.73
Capital Expenditures, 5 Yr. CAGR %	-3.29	-23.05	-18.32	-6.51	10.07
Levered Free Cash Flow, 5 Yr. CAGR %	-29.97	-0.31	-47.61	-37.45	-51.82
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.97	-0.19	-47.25	-37.76	-52.83
Dividend Per Share, 5 Yr. CAGR %	-11.81	-	-	-	-