Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 150

Metric	Value	Period	Scope	Source row
Revenue	¥10.5bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥11.7bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥10.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥10.0bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥13.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥351m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥653m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥377m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥741m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥588m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥438m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥377m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥734m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥242m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥547m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥433m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥294m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥871m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥242m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥547m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥9.8bn	at 2025-12-31	Cons.	Assets
Total assets	¥11.4bn	at 2024-12-31	Cons.	Assets
Total assets	¥10.7bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥11.3bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥10.3bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥3.6bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥5.2bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥6.2bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥6.1bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥5.7bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥5.3bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥5.0bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥903m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥948m	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥903m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥948m	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.2bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.6bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.6bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.5bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥1.3bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.7bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥661m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥227m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥640m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥273m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥341m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥187m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥1.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥1.7bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.3bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥2.0bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥121m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥52.08	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥117.66	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥93.41	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥63.67	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥225.03	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥224.36	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,361.44	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,320.51	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,224.31	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,150.21	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,092.38	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	63.2%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	54.1%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	53.2%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	47.1%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	48.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	3.9%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	9.2%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	7.9%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.7%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	20.9%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	259	at 2025-12-31	Cons.	Number of employees
Employees	267	at 2024-12-31	Cons.	Number of employees
Employees	273	at 2023-12-31^v	Cons.	Number of employees
Employees	326	at 2022-12-31^v	Cons.	Number of employees
Employees	289	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥9.9bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥10.9bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥9.8bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥9.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥12.6bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥181m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥412m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥267m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥545m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥507m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥497m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.3bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥267m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥545m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥161m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥392m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥383m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥346m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥882m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥9.2bn	at 2025-12-31	Standalone	Assets
Total assets	¥10.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥10.2bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥10.8bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥9.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.7bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥5.1bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥5.5bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥5.6bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥5.3bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.7bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥562m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥626m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥34.6	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥84.5	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥82.67	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥74.78	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥227.86	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥227.19	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥28	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥28	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥25	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,212.2	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,197.63	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,141.09	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,075.93	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,018.86	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	60.1%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	52.0%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	52.1%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	46.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	48.4%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	2.9%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.2%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.5%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	7.1%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	22.9%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	4,943,780	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,943,780	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,943,780	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,943,780	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,943,780	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	170	at 2025-12-31	Standalone	Number of employees
Employees	169	at 2024-12-31	Standalone	Number of employees
Employees	168	at 2023-12-31^v	Standalone	Number of employees
Employees	170	at 2022-12-31^v	Standalone	Number of employees
Employees	165	at 2021-12-31^d	Standalone	Number of employees

Periods use the dates stated in the filing. ^d = earlier-year period dated by calendar; ^v = that date confirmed by the company's own earlier filing.

All source rows · 1,375

Item	Context	Value
Net assets per share (5-year summary)	Prior2YearInstant_NonConsolidatedMember	1141.09
Net assets per share (5-year summary)	Prior1YearInstant_NonConsolidatedMember	1197.63
Net assets per share (5-year summary)	CurrentYearInstant_NonConsolidatedMember	1212.20
Dividend paid per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	17.00
Dividend paid per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	17.00
Dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	25.00
Dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	28.00
Dividend paid per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	28.00
Interim dividend paid per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	6.00
Interim dividend paid per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	6.00
Interim dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	6.00
Interim dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	8.00
Interim dividend paid per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	10.00
Basic earnings loss per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	227.86
Basic earnings loss per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	74.78
Basic earnings loss per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	82.67
Basic earnings loss per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	84.50
Basic earnings loss per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	34.60
Diluted earnings per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	227.19
Diluted earnings per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	－
Equity to asset ratio (5-year summary)	Prior4YearInstant_NonConsolidatedMember	0.484
Equity to asset ratio (5-year summary)	Prior3YearInstant_NonConsolidatedMember	0.463
Equity to asset ratio (5-year summary)	Prior2YearInstant_NonConsolidatedMember	0.521
Equity to asset ratio (5-year summary)	Prior1YearInstant_NonConsolidatedMember	0.520
Equity to asset ratio (5-year summary)	CurrentYearInstant_NonConsolidatedMember	0.601
Rate of return on equity (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.229
Rate of return on equity (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.071
Rate of return on equity (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.075
Rate of return on equity (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.072
Rate of return on equity (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.029
Price earnings ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	4.6
Price earnings ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	7.9
Price earnings ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	7.8
Price earnings ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	7.5
Price earnings ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	20.2
Payout ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.075
Payout ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.227
Payout ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.302
Payout ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.331
Payout ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.809
Number of employees	Prior4YearInstant_NonConsolidatedMember	165
Number of employees	Prior3YearInstant_NonConsolidatedMember	170
Number of employees	Prior2YearInstant_NonConsolidatedMember	168
Number of employees	Prior1YearInstant_NonConsolidatedMember	169
Number of employees	CurrentYearInstant_NonConsolidatedMember	170
Average number of temporary workers	Prior4YearInstant_NonConsolidatedMember	23
Average number of temporary workers	Prior3YearInstant_NonConsolidatedMember	19

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 24 of 24 passed

balance sheet identity	consolidated 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass
balance sheet identity	non_consolidated 2025-12-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass