Tillkännagivande • Jun 24
VLC Security Co., Ltd., Annual General Meeting, Jun 29, 2026 VLC Security Co., Ltd., Annual General Meeting, Jun 29, 2026, at 10:00 Tokyo Standard Time. Location: 3rd floor, tokyo tatemono nihonbashi building, 1-3-13 nihonbashi, chuo-ku, tokyo Japan Reported Earnings • May 20
Full year 2026 earnings released: JP¥28.29 loss per share (vs JP¥46.42 profit in FY 2025) Full year 2026 results: JP¥28.29 loss per share (down from JP¥46.42 profit in FY 2025). Revenue: JP¥1.37b (down 15% from FY 2025). Net loss: JP¥385.0m (down 164% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • May 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥429m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥429m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.94b market cap, or US$18.5m). Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
Third quarter 2026 earnings released: JP¥11.04 loss per share (vs JP¥8.61 loss in 3Q 2025) Third quarter 2026 results: JP¥11.04 loss per share (further deteriorated from JP¥8.61 loss in 3Q 2025). Revenue: JP¥287.0m (down 12% from 3Q 2025). Net loss: JP¥153.0m (loss widened 38% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Feb 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jun 09
VLC Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025 VLC Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025, at 10:00 Tokyo Standard Time. Location: 1-3-13 nihonbashi, chuo-ku, tokyo tatemono nihonbashi building, 3rd floor, congress square nihonbashi, hall d, tokyo Japan Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to JP¥184, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 17x in the Media industry in Japan. Total loss to shareholders of 34% over the past three years. New Risk • Jun 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (164% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥2.41b market cap, or US$16.8m). Board Change • May 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥115, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 61% over the past three years. Board Change • Mar 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jun 13
VLC Holdings Co., Ltd., Annual General Meeting, Jun 28, 2024 VLC Holdings Co., Ltd., Annual General Meeting, Jun 28, 2024, at 10:00 Tokyo Standard Time. Location: 1-3-13 nihonbashi, chuo-ku, tokyo tatemono nihonbashi , building 2nd floor, congress square nihonbashi hall b, tokyo Japan Reported Earnings • May 21
Full year 2024 earnings released: JP¥24.49 loss per share (vs JP¥5.49 profit in FY 2023) Full year 2024 results: JP¥24.49 loss per share (down from JP¥5.49 profit in FY 2023). Revenue: JP¥2.21b (down 10% from FY 2023). Net loss: JP¥309.0m (down JP¥376.0m from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Jiro Tamura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 29
VLC Holdings Co., Ltd. (NSE:2467) announces an Equity Buyback for 250,000 shares, representing 2.02% for ¥70 million. VLC Holdings Co., Ltd. (NSE:2467) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.02% of its issued share capital (excluding treasury stock), for ¥70 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until December 29, 2023. As of May 31, 2023, the company had 12,394,500 shares in issue (excluding treasury stock). Tillkännagivande • Jun 16
VLC Holdings Co., Ltd. announced that it expects to receive ¥103.0894 million in funding from Hayate Management Co., Ltd., Elements Capital Research LLC VLC Holdings Co., Ltd. announced a private placement of 375,900 common shares at a price of ¥266 per share for gross proceeds of ¥99,989,400; 10,000 11th stock acquisition rights at a price of ¥270 per stock acquisition rights for gross proceeds of ¥2,700,000; and 4,000 12th stock acquisition rights at a price of ¥100 per stock acquisition rights for gross proceeds of ¥400,000; for aggregate gross proceeds of ¥103,089,400 on June 14, 2022. The transaction will include participation from returning investor Hayate Management Co., Ltd. for 11th and 12th stock acquisition rights and Elements Capital Research LLC for 375,900 shares. The transaction is expected to close on June 30, 2022. The company will issue the securities through third party allocation method. The potential shares from the issuance of 11th stock acquisition rights will be 1,000,000 shares. The initial exercise price of 11th stock acquisition rights ¥280 for a period of 4 years. The potential shares from the issuance of 12th stock acquisition rights will be 400,000 shares. The initial exercise price of 11th stock acquisition rights ¥239.4 for a period of 5 years. The company will incur issuance expenses with respect to the transaction of ¥10,000,000 in the transaction. 