Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥1.9bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥702m2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥234m2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥381m2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥387m2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥990m2025-04-01 → 2026-03-31Cons.Operating income
Operating income−¥579m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥1.2bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income−¥602m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income−¥412m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥546m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥620m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥1.0bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax−¥827m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥1.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥835m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥489m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥904m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.2bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥1.1bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income−¥833m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥6.8bnat 2026-03-31Cons.Assets
Total assets¥2.7bnat 2025-03-31Cons.Assets
Total assets¥1.2bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥1.3bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥1.8bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥1.3bnat 2026-03-31Cons.Liabilities
Total liabilities¥646mat 2025-03-31Cons.Liabilities
Net assets / equity¥5.5bnat 2026-03-31Cons.Net assets
Net assets / equity¥2.0bnat 2025-03-31Cons.Net assets
Net assets / equity¥153mat 2024-03-31vCons.Net assets
Net assets / equity¥658mat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥880mat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥545mat 2026-03-31Cons.Cash and deposits
Cash and deposits¥256mat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥545mat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥256mat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥63mat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥160mat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥76mat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥1.3bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.6bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥468m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥592m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥490m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.7bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥420m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow¥99m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥681m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥3.3bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥2.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥272m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥677m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-2.492025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-2.992024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-3.492023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-7.822022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-12.732021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥9.55at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥6.75at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1.05at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥4.7at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥7.94at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio77.0%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio75.0%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio12.2%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio49.1%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio48.9%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE-35.2%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE-77.1%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-122.5%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE-118.7%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE-130.3%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees38at 2026-03-31Cons.Number of employees
Employees19at 2025-03-31Cons.Number of employees
Employees40at 2024-03-31vCons.Number of employees
Employees31at 2023-03-31vCons.Number of employees
Employees28at 2022-03-31vCons.Number of employees
Revenue¥180m2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥25m2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥62m2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥16m2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥57m2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥1.1bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥386m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥1.4bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income−¥366m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income−¥271m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥360m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥501m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.4bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax−¥507m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥1.4bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income−¥509m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥710m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥646m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥1.2bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥5.6bnat 2026-03-31StandaloneAssets
Total assets¥2.4bnat 2025-03-31StandaloneAssets
Total assets¥872mat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥1.3bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥1.6bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥159mat 2026-03-31StandaloneLiabilities
Total liabilities¥74mat 2025-03-31StandaloneLiabilities
Net assets / equity¥5.4bnat 2026-03-31StandaloneNet assets
Net assets / equity¥2.3bnat 2025-03-31StandaloneNet assets
Net assets / equity¥141mat 2024-03-31vStandaloneNet assets
Net assets / equity¥767mat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥822mat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥250mat 2026-03-31StandaloneCash and deposits
Cash and deposits¥237mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-2.732025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-1.822024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.072023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.592022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-12.662021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥9.93at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥7.72at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥0.96at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥5.51at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥7.41at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio97.1%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio96.3%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio15.6%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio56.7%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio49.5%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE-35.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE-41.7%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE-154.3%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE-81.9%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE-137.8%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued547,690,993at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued298,626,993at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued141,556,993at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued138,232,538at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued110,049,844at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees5at 2026-03-31StandaloneNumber of employees
Employees3at 2025-03-31StandaloneNumber of employees
Employees3at 2024-03-31vStandaloneNumber of employees
Employees4at 2023-03-31vStandaloneNumber of employees
Employees4at 2022-03-31vStandaloneNumber 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.

Segments · 31
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-04-01 → 2026-03-31−¥175m
Reconciling Itemsreconcilingdepreciation2025-04-01 → 2026-03-31¥5m
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥272m
Investmentreportable segmentcapex2025-04-01 → 2026-03-31¥1.5bn
Investmentreportable segmentdepreciation2025-04-01 → 2026-03-31¥48m
Investmentreportable segmentrevenue2025-04-01 → 2026-03-31¥1.9bn
Investmentreportable segmentrevenue external2025-04-01 → 2026-03-31¥1.9bn
Investmentreportable segmentsegment assetsat 2026-03-31¥6.5bn
Investmentreportable segmentsegment profit2025-04-01 → 2026-03-31−¥990m
—segment totalcapex2025-04-01 → 2026-03-31¥1.5bn
—segment totaldepreciation2025-04-01 → 2026-03-31¥48m
—segment totalemployeesat 2026-03-3133 pure
—segment totalrevenue2025-04-01 → 2026-03-31¥1.9bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥1.9bn
—segment totalsegment assetsat 2026-03-31¥6.5bn
—segment totalsegment profit2025-04-01 → 2026-03-31−¥990m
Reconciling Itemsreconcilingcapex2024-04-01 → 2025-03-31¥35m
Reconciling Itemsreconcilingdepreciation2024-04-01 → 2025-03-31¥11m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥283m
Investmentreportable segmentcapex2024-04-01 → 2025-03-31¥249m
Investmentreportable segmentdepreciation2024-04-01 → 2025-03-31¥21m
Investmentreportable segmentrevenue2024-04-01 → 2025-03-31¥702m
Investmentreportable segmentrevenue external2024-04-01 → 2025-03-31¥702m
Investmentreportable segmentsegment assetsat 2025-03-31¥2.4bn
Investmentreportable segmentsegment profit2024-04-01 → 2025-03-31−¥579m
—segment totalcapex2024-04-01 → 2025-03-31¥249m
—segment totaldepreciation2024-04-01 → 2025-03-31¥21m
—segment totalrevenue2024-04-01 → 2025-03-31¥702m
—segment totalrevenue external2024-04-01 → 2025-03-31¥702m
—segment totalsegment assetsat 2025-03-31¥2.4bn
—segment totalsegment profit2024-04-01 → 2025-03-31−¥579m

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,619
ItemContextValueUnit
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row2Member-
Cash and depositsPrior1YearInstant256472000JPY
Cash and depositsCurrentYearInstant544767000JPY
Accounts receivable tradePrior1YearInstant20108000JPY
Accounts receivable tradeCurrentYearInstant691292000JPY
Operational investment securities caPrior1YearInstant-JPY
Operational investment securities caCurrentYearInstant596990000JPY
InventoriesPrior1YearInstant49063000JPY
InventoriesCurrentYearInstant331701000JPY
Advance payments tradePrior1YearInstant72169000JPY
Advance payments tradeCurrentYearInstant34375000JPY
Prepaid expensesPrior1YearInstant16782000JPY
Prepaid expensesCurrentYearInstant110320000JPY
Short term loans receivablePrior1YearInstant133800000JPY
Short term loans receivableCurrentYearInstant537601000JPY
Accounts receivable otherPrior1YearInstant271378000JPY
Accounts receivable otherCurrentYearInstant20915000JPY
Deposits paidPrior1YearInstant262008000JPY
Deposits paidCurrentYearInstant162022000JPY
Advance payments otherPrior1YearInstant-JPY
Advance payments otherCurrentYearInstant63088000JPY
Consumption taxes receivablePrior1YearInstant97039000JPY
Consumption taxes receivableCurrentYearInstant73484000JPY
Accrued corporation tax caPrior1YearInstant26831000JPY
Accrued corporation tax caCurrentYearInstant1002000JPY
Other caPrior1YearInstant10767000JPY
Other caCurrentYearInstant39978000JPY
Allowance for doubtful accounts caPrior1YearInstant-325708000JPY
Allowance for doubtful accounts caCurrentYearInstant-335078000JPY
Current assetsPrior1YearInstant890712000JPY
Current assetsCurrentYearInstant2872460000JPY
Buildings and structuresPrior1YearInstant188040000JPY
Buildings and structuresCurrentYearInstant207032000JPY
Accumulated depreciation buildings and structuresPrior1YearInstant-94583000JPY
Accumulated depreciation buildings and structuresCurrentYearInstant-104104000JPY
Buildings and structures netPrior1YearInstant93457000JPY
Buildings and structures netCurrentYearInstant102928000JPY
Machinery equipment and vehiclesPrior1YearInstant5872000JPY
Machinery equipment and vehiclesCurrentYearInstant177808000JPY
Accumulated depreciation machinery equipment and vehiclesPrior1YearInstant-5498000JPY
Accumulated depreciation machinery equipment and vehiclesCurrentYearInstant-89132000JPY
Machinery equipment and vehicles netPrior1YearInstant374000JPY
Machinery equipment and vehicles netCurrentYearInstant88676000JPY
Tools furniture and fixturesPrior1YearInstant61441000JPY
Tools furniture and fixturesCurrentYearInstant66401000JPY
Accumulated depreciation tools furniture and fixturesPrior1YearInstant-23076000JPY
Accumulated depreciation tools furniture and fixturesCurrentYearInstant-38586000JPY
Tools furniture and fixtures netPrior1YearInstant38365000JPY
Tools furniture and fixtures netCurrentYearInstant27815000JPY
Golf coursesPrior1YearInstant99630000JPY

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 identityconsolidated 2025-03-31pass
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass