Balance Sheet, First Fiscal Year
As of December 31, 2025 (first fiscal year: March 3, 2025 to December 31, 2025)
| I. Assets | |
|---|---|
| Cash and deposits | 0 |
| Total current assets | 0 |
| Total assets | 0 |
| II. Liabilities | |
| Accounts payable | 210,480 |
| Total current liabilities | 210,480 |
| Total liabilities | 210,480 |
| III. Net assets | |
| Designated net assets | 0 |
| General net assets | -210,480 |
| Total net assets | -210,480 |
| Total liabilities and net assets | 0 |
First-year ordinary revenue was JPY 0 (including donations of JPY 0), and ordinary expenses were JPY 210,480.
ISVD held no bank account during its first fiscal year and had no cash or deposits at year end. Accounts payable (amounts still owed at year end) of JPY 210,480 consists of JPY 152,180 in ISVD expenses paid on its behalf by Correlate Design LLC and JPY 58,300 in unpaid Tokyo metropolitan per capita corporate levy attributable to the first fiscal year. The advance is repayable by ISVD and is not a donation.
All members gave written consent to these financial statements on October 10, 2026, so a resolution approving them was deemed adopted at the general meeting of members under Article 58, Paragraph 1 of the Act on General Incorporated Associations and General Incorporated Foundations. Members here means the association’s constituents who participate in its decision-making. This balance sheet is published under Article 128, Paragraph 1 of the same Act.
Corrected notice published: October 13, 2026. We plan to keep the corrected notice available at least through October 13, 2031.