Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-24

StandardJapan GAAP

ConsolidatedYes

Data checks22 of 24 passed

Key figures · 149

Metric	Value	Period	Scope	Source row
Revenue	¥4.9bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥4.9bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥4.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥4.8bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.2bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥436m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥473m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥470m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥558m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥531m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥716m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥629m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥470m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥500m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥311m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥423m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥308m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥531m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥633m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥311m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥423m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥7.7bn	at 2025-12-31	Cons.	Assets
Total assets	¥6.6bn	at 2024-12-31	Cons.	Assets
Total assets	¥6.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.4bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.7bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥3.9bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥3.0bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥2.7bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥2.3bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥2.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.5bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.1bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.7bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥3.1bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.8bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.4bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥585m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥475m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥725m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥585m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥873m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥804m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥514m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥441m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥70m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥74m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥602m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥109m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥754m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥142m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥650m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥17.72	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥24.11	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥17.57	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥30.29	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥36.08	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥30.22	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥167.5	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥152.01	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥128.77	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥113.69	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥82.97	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	38.3%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	40.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	36.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	41.4%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	32.9%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	11.1%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	17.2%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	14.5%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	30.8%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	55.9%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	189	at 2025-12-31	Cons.	Number of employees
Employees	184	at 2024-12-31	Cons.	Number of employees
Employees	178	at 2023-12-31^v	Cons.	Number of employees
Employees	169	at 2022-12-31^v	Cons.	Number of employees
Employees	157	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥125m	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥2.2bn	2025-01-01 → 2025-12-31	Standalone	Operating revenue1
Revenue	¥155m	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥1.2bn	2024-01-01 → 2024-12-31	Standalone	Operating revenue1
Revenue	¥1.1bn	2023-01-01 → 2023-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥761m	2022-01-01 → 2022-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥665m	2021-01-01 → 2021-12-31^d	Standalone	Operating revenue1 (5-year summary)
Operating income	¥904m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥40m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥863m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥62m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥116m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥3m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥23m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥862m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥98m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥826m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥107m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥91m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥16m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥692m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥4.9bn	at 2025-12-31	Standalone	Assets
Total assets	¥3.3bn	at 2024-12-31	Standalone	Assets
Total assets	¥3.6bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥2.4bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥2.6bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.3bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥2.5bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥1.6bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥878m	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.0bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.1bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.4bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥673m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥47.08	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-6.08	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥5.17	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-0.92	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥39.48	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥5	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥4	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥4	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥3	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥93.08	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥50	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥60.07	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥57.59	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥59.88	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	33.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	26.3%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	29.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	41.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	40.6%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	65.8%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	8.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	98.4%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	17,556,360	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	17,556,360	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	17,556,360	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	17,551,360	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,169,424	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	85	at 2025-12-31	Standalone	Number of employees
Employees	66	at 2024-12-31	Standalone	Number of employees
Employees	57	at 2023-12-31^v	Standalone	Number of employees
Employees	49	at 2022-12-31^v	Standalone	Number of employees
Employees	41	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 · 1,357

Item	Context	Value	Unit
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row9Member	100
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row10Member	80
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row10Member	76.1
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row11Member	100
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row11Member	80.8
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row12Member	15
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row13Member	25.1
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row14Member	78.4
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row15Member	12
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row16Member	100
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row16Member	39.8
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row17Member	100
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row17Member	79.0
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row18Member	6.3
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row19Member	100
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row19Member	69.8
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row20Member	100
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row20Member	79.5
Capital expenditures overview of capital expenditures etc	CurrentYearDuration	77512000	JPY
Number of issued shares as of fiscal year end issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	17556360
Number of issued shares as of filing date issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	17556360
Number of issued shares as of fiscal year end issued shares total number of shares etc	FilingDateInstant	17556360
Number of issued shares as of filing date issued shares total number of shares etc	FilingDateInstant	17556360
Number of shares constituting one unit	CurrentYearInstant_OrdinaryShareMember	100
Number of shareholders national and local governments	CurrentYearInstant_OrdinaryShareMember	－
Number of shareholders financial institutions	CurrentYearInstant_OrdinaryShareMember	5
Number of shareholders financial service providers	CurrentYearInstant_OrdinaryShareMember	18
Number of shareholders other corporations	CurrentYearInstant_OrdinaryShareMember	25
Number of shareholders foreign investors other than individuals	CurrentYearInstant_OrdinaryShareMember	17
Number of shareholders foreign individual investors	CurrentYearInstant_OrdinaryShareMember	29
Number of shareholders individuals and others	CurrentYearInstant_OrdinaryShareMember	2440
Number of shareholders total	CurrentYearInstant_OrdinaryShareMember	2534
Number of shares held number of units national and local governments	CurrentYearInstant_OrdinaryShareMember	－
Number of shares held number of units financial institutions	CurrentYearInstant_OrdinaryShareMember	9241
Number of shares held number of units financial service providers	CurrentYearInstant_OrdinaryShareMember	2506
Number of shares held number of units other corporations	CurrentYearInstant_OrdinaryShareMember	67169
Number of shares held number of units foreign investors other than individuals	CurrentYearInstant_OrdinaryShareMember	2269
Number of shares held number of units foreign individual investors	CurrentYearInstant_OrdinaryShareMember	234
Number of shares held number of units individuals and others	CurrentYearInstant_OrdinaryShareMember	94097
Number of shares held number of units total	CurrentYearInstant_OrdinaryShareMember	175516
Number of shares held shares less than one unit	CurrentYearInstant_OrdinaryShareMember	4760
Percentage of shareholdings national and local governments	CurrentYearInstant_OrdinaryShareMember	－
Percentage of shareholdings financial institutions	CurrentYearInstant_OrdinaryShareMember	0.0527
Percentage of shareholdings financial service providers	CurrentYearInstant_OrdinaryShareMember	0.0143
Percentage of shareholdings other corporations	CurrentYearInstant_OrdinaryShareMember	0.3827
Percentage of shareholdings foreigners other than individuals	CurrentYearInstant_OrdinaryShareMember	0.0129
Percentage of shareholdings foreign individuals	CurrentYearInstant_OrdinaryShareMember	0.0013
Percentage of shareholdings individuals and others	CurrentYearInstant_OrdinaryShareMember	0.5361
Number of shares held	CurrentYearInstant_No1MajorShareholdersMember	5746400
Shareholding ratio	CurrentYearInstant_No1MajorShareholdersMember	0.3274

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 · 22 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 rounding
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	mismatch
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	mismatch
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