V-cube, Inc.'s fiscal 2025 results included revenue of ¥9.859 billion, down 5.8% year on year, and an operating loss of ¥2.059 billion, while negative net worth deteriorated to ¥655 million. The company has been flagged as facing delisting risk and aims to rebuild through an alliance with a sponsoring company.
V-cube, Inc.'s fiscal 2025 results included revenue of ¥9.859 billion, a 5.8% year-on-year decline. The operating loss widened substantially to ¥2.059 billion, highlighting the deterioration in its financial condition. The company has announced that it fell into a negative net worth position of ¥655 million. Amid the risk of delisting, it plans to explore a restructuring through an alliance with a sponsoring company.
Performance has continued to deteriorate over the past 12 quarters. Most recently, net profit margin and operating profit margin were sharply negative, while the equity ratio also declined. Revenue has contracted year on year, and the recovery of financial soundness is expected to take time.
As of 30 June 2026, major shareholder information showed that Naoaki Mashita (間下 直晃) held 13.64%, Japan Master Trust Bank, Ltd. (Trust Account) held 6.98%, and Rakuten Securities held 2.94%.
The date of the next earnings announcement has not been determined. The summary of the earnings report explained that lower business profitability in Japan and overseas, as well as listing-related expenses, had an impact.