
Tanuma's Report is a bonus chapter that reads like a case file. With its author hospitalized and his paperwork burned, Naomasa Tsukauchi works through the surviving server copy and finds an argument for why vigilantes may be the only tool that fits the job.
Naomasa Tsukauchi and Sansa Tamakawa pick through the wreckage of the bombed police office, and the question Naomasa keeps circling is what target justified maiming the lead investigator. Sansa explains that Eizo Tanuma had been pulling old material on Naruhata, Osaka and the rest. The physical files burned with everything else, but Eizo was mid-edit when the blast hit, so his drafts and his notes survive on the server.
Reading through, Naomasa follows the account of Trigger, the Quirk-boosting drug, and the two to three years of Naruhata incidents it seeded. Eizo catalogs the criminal types thrown up along the way: the Instant Villains, the Supermassive Villains, the Remodelled Villains and the Bomber Villains. He sets out his conclusion that the Underground Masquerade and the Villain Factory are the same operation. The purpose behind it still eludes him, though he can name two figures in the machinery, the Bee User and the Scarred Man.
It reads like conspiracy theory, Naomasa admits, and he is still weighing the next move when Sansa announces that the heroes have arrived for the joint operation. He leaves the file open on the section about vigilantes. There Eizo argues that an enemy living in the gray zone is best met by someone who can move through it, someone able to react the moment a threat appears. Their work cannot be officially blessed, but he calls their existence a necessary evil and recommends a cooperative relationship as the effective counter, fire answered with fire.
Eizo Tanuma's research survives the bombing because the server retained his working copies, giving Naomasa the full chain of reasoning behind the investigation.
The report formally links the Underground Masquerade to the Villain Factory and identifies the Bee User and the Scarred Man as two of the parties behind the campaign.
Eizo's closing recommendation is that vigilantes be treated as a necessary evil and cooperated with rather than simply suppressed.

Naruto vs Luffy with the twist nobody asked for: Luffy tickled Hinata on date night, and she kind of liked it. We break down the whole fight and commit to a winner....

There are no women on Namek. That isn't an oversight, it's the biology. Why we handed Piccolo the one thing his own species rules out, and why it had to be trap soul....
This is a fifteen-page bonus chapter attached to Chapter 94 and printed in Volume 12, serving both as a recap of the series and as a set of character profiles. Naomasa Tsukauchi carries the cover.
Most of the cast appears only in pictured form inside the report itself, spanning years of Naruhata history from Stendhal and Captain Celebrity through to Kuin Hachisuka, Number 6 and the Naruhata Vigilantes.
Chapter 94.5 of Vigilantes, Tanuma's Report, is a bonus chapter in which Naomasa Tsukauchi reads through Detective Eizo Tanuma's surviving research after Tanuma is hospitalized and his physical files are destroyed in a bombing.
In Chapter 94.5, Eizo Tanuma's report concludes that the Underground Masquerade and the Villain Factory are the same operation, and it names the Bee User and the Scarred Man as two figures involved in the scheme.
Eizo Tanuma's report in Chapter 94.5 argues that an enemy operating in the gray zone is best countered by someone who can also move through it, and he recommends treating vigilantes as a necessary evil worth cooperating with rather than simply suppressing.
Eizo Tanuma's physical files burn in the police office bombing, but Chapter 94.5 shows that his working drafts and notes survive because he was mid-edit on the server when the blast hit.
My Hero Academia: Vigilantes Chapter 94.5 is a fifteen-page bonus chapter attached to Chapter 94, collected in Volume 12, and features Naomasa Tsukauchi on the cover.
Looking for more on Chapter 94.5 (Vigilantes)? The My Hero Academia Wiki on Fandom has a dedicated page with community notes.
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