(Correction / Correction of Numerical Data) Notice Concerning Partial Correction to “Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 ”

April 30, 2026

Company name: V-cube, Inc. President & CEO: Jun Mizutani

Tokyo Stock Exchange, Prime Market (stock code: 3681)

Contact: Managing Director & CFO, Kazuki Yamamoto (TEL. +81-03-6625-5011)

Notice Concerning Partial Correction to "Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 [Japanese GAAP]"

1. cube, Inc. (the "Company") hereby announces that it has partially corrected the "Summary of Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 (Japanese GAAP)" originally disclosed on March 31, 2026. As numerical data has also been corrected, the corrected numerical data will also be transmitted.

   1. Contents of and Reasons for the Corrections

      As announced in the "Notice Concerning Establishment of Special Investigation Committee" dated April 24, 2026, the Company recorded an extraordinary loss (loss on unidentified expenditures) of 808,434 thousand yen (5.4M USD). This is due to the fact that the Company could not confirm the actual status of the payees and the services provided regarding the amounts paid to four companies as remuneration for consulting services related to capital policy, etc. after the listing of TEN on the NASDAQ in February 2025.

      Of this amount, 376,057 thousand yen was previously recorded as operating expenses based on the contract. Consequently, the Company has corrected the operating profit from △2,059,100 thousand yen to △ 1,683,043 thousand yen, and has also corrected other related numerical data accordingly.

      Furthermore, corrections have been made to reflect the contents of the "Notice Concerning Material Weakness in Internal Control Over Financial Reporting to be Disclosed" dated April 30, 2026.

   2. Corrected Portions

The corrected portions are indicated by underlines. Due to the extensive nature of the corrections, the full text of the Consolidated Financial Results after the corrections is provided.

1

Summary of Consolidated Financial Results

for the Year Ended December 31, 2025 (Japanese GAAP)

Company name: V-cube, Inc. Securities code: 3681

Stock exchange listings: The Prime Market of the Tokyo Stock Exchange URL: (Japanese) https://jp.vcube.com/ (English) http://www.vcube.com/ Date of general shareholders' meeting (as planned): March 31, 2026 Annual securities report filing date (as planned): Undecided

Date of commerce dividend payments (as planned): -

1. Results of the year ended December 31, 2025

   1. Consolidated operating results:

      March 31, 2026

      (millions of Yen, except per share amounts)

      	Net sales		Adjusted EBITDA		Operating profit		Ordinary profit
      Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	% - -	Millions of yen	% - -
      Dec. 31, 2025	9,859	-5.8	297	-71.7	-1,683		-2,026
      Dec. 31, 2024	10,463	-5.6	1,053	-18.3	-236		-320

      Note:	Comprehensive income For the fiscal year ended Dec. 31, 2025:	¥-3,923 million [	- %]
      	For the fiscal year ended Dec. 31, 2024:	¥-1,213 million [	- %]

      	Profit attributable to owners of parent		Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
      Fiscal year ended	Millions of yen	% - -	Yen	Yen	%	%	%
      Dec. 31, 2025	-3,696		-142.85	-	-	-21.1	-17.1
      Dec. 31, 2024	-1,417		-55.73	-	-586.4	-2.8	-2.3

      Reference: Share of profit (loss) of entities accounted for using equity method

      For the fiscal year ended Dec. 31, 2025: ¥-45 million For the fiscal year ended Dec. 31, 2024: ¥16 million

   2. Consolidated financial position:

      	Total assets	Net assets	Capital adequacy ratio	Net assets per share
      As of	Millions of yen	Millions of yen	%	Yen
      Dec. 31, 2025	8,730	-1,107	-23.0	-77.59
      Dec. 31, 2024	10,481	23	-1.3	-5.35

      Reference: Owner's equity As of Dec. 31, 2025: ¥-2,007 million

      As of Dec. 31, 2024: ¥-138 million

   3. Consolidated cash flows

      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
      Fiscal year ended Dec. 31, 2025 Dec. 31, 2024	Millions of yen -570 815	Millions of yen 418 -473	Millions of yen 1,121 -759	Millions of yen 2,002 1,006

2. Dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen - -	Yen	Yen	Millions of yen - -	% - -	% - -
   Fiscal year ended Dec. 31, 2024		0.00		0.00	0.00
   Fiscal year ended Dec. 31, 2025		0.00		0.00	0.00
   Fiscal year ending Dec. 31, 2026 (Forecast)	-	0.00	-	0.00	0.00		-

3. Consolidated forecasts

   The consolidated earnings forecast for the fiscal year ending December 2026 is currently undecided. For details, please refer to the attached document P.6 "1. Overview of Business Results (3) Future Outlook".

4. Others

   1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): 1 new company (Company Name) Mirios Co., Ltd.

   2. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

      2. Changes in accounting policies due to other reasons: None

      3. Changes in accounting estimates: None

      4. Restatement: None

   3. Number of issued and outstanding shares (common stock)

      1. Number of issued and outstanding shares at the end of period (including treasury stock)

         As of December 31, 2024

         26,343,900 shares

         As of December 31, 2025

         26,343,900 shares

      2. Number of treasury stock at the end of the period

         As of December 31, 2024

         466,472 shares

         As of December 31, 2025

         466,472 shares

      3. Average number of shares outstanding during the period

         Fiscal year ended December 31, 2024

         25,429,707 shares

         Fiscal year ended December 31, 2025

         25,877,428 shares

   4. Formula for each management index

Adjusted EBITDA: Operating income + Depreciation & amortization ± EBITDA adjustment items (*)

(*) EBITDA adjustments items: Gains/losses on non-recurring or discontinued operations within operating revenues and expenses (M&A- related expenses, gains/losses from exited business etc.)

(Reference) Summary of the Non-consolidated Financial Results

1. Non-consolidated Results of Operations:

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended Dec. 31, 2025 Dec. 31, 2024	Millions of yen 8,421 8,850	% -4.8 -5.9	Millions of yen -15 54	% - -74.8	Millions of yen -173 27	% - -88.3	Millions of yen -2,129 -1,007	% - -

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   Dec. 31, 2025	-82.31	-
   Dec. 31, 2024	-39.60	-

2. Non-consolidated Financial Position:

   	Total assets	Net assets	Capital adequacy ratio	Net assets per share
   As of	Millions of yen	Millions of yen	%	Yen
   Dec. 31, 2025	9,127	-1,977	-21.8	-77.06
   Dec. 31, 2024	10,533	150	1.3	5.17

   Reference: Owner's equity As of Dec. 31, 2025: ¥-1,994 million

   As of Dec. 31, 2024: ¥133 million

   • Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

   • Explanation related to appropriate use of results forecasts and other items warranting special mention

     The above forecasts are based on the information available as of the date of the release of this document. As a result, a variety of factors in the future may cause actual results to differ from these forecasts.

     Consolidated Financial Statements

     1. Consolidated Balance Sheet

Assets

(Thousands of yen) As of December 31, 2024 As of December 31, 2025

Current assets

Non-current assets

Accumulated

impairment

depreciation

and

△382,871

△763,149

Buildings 1,155,471 1,178,993

4