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
Total amount of remuneration etc remuneration etc by category of directors and other officers	CurrentYearDuration_OutsideDirectorsAndOtherOfficersMember	9600000	JPY
Fixed remuneration remuneration by category of directors and other officers	CurrentYearDuration_OutsideDirectorsAndOtherOfficersMember	9600000	JPY
Performance based remuneration remuneration by category of directors and other officers	CurrentYearDuration_OutsideDirectorsAndOtherOfficersMember	－	JPY
Non monetary remuneration remuneration by category of directors and other officers	CurrentYearDuration_OutsideDirectorsAndOtherOfficersMember	－	JPY
Number of directors and other officers remuneration etc by category of directors and other officers	CurrentYearDuration_OutsideDirectorsAndOtherOfficersMember	4
Number of issues shares not listed investment shares held for purposes other than pure investment reporting company	CurrentYearInstant	1
Carrying amount shares not listed investment shares held for purposes other than pure investment reporting company	CurrentYearInstant	2835000	JPY
Number of issues shares other than those not listed investment shares held for purposes other than pure investment reporting company	CurrentYearInstant	－
Carrying amount shares other than those not listed investment shares held for purposes other than pure investment reporting company	CurrentYearInstant	－	JPY
Cash and deposits	Prior1YearInstant	2729355000	JPY
Cash and deposits	CurrentYearInstant	3119338000	JPY
Notes and accounts receivable trade	Prior1YearInstant	726843000	JPY
Notes and accounts receivable trade	CurrentYearInstant	693667000	JPY
Merchandise and finished goods	Prior1YearInstant	47659000	JPY
Merchandise and finished goods	CurrentYearInstant	37634000	JPY
Work in process	Prior1YearInstant	71046000	JPY
Work in process	CurrentYearInstant	57059000	JPY
Raw materials and supplies	Prior1YearInstant	14484000	JPY
Raw materials and supplies	CurrentYearInstant	9110000	JPY
Other ca	Prior1YearInstant	263808000	JPY
Other ca	CurrentYearInstant	407293000	JPY
Allowance for doubtful accounts ca	Prior1YearInstant	－	JPY
Allowance for doubtful accounts ca	CurrentYearInstant	-348000	JPY
Current assets	Prior1YearInstant	3853197000	JPY
Current assets	CurrentYearInstant	4323754000	JPY
Buildings and structures net	Prior1YearInstant	568336000	JPY
Buildings and structures net	CurrentYearInstant	531264000	JPY
Machinery equipment and vehicles net	Prior1YearInstant	546274000	JPY
Machinery equipment and vehicles net	CurrentYearInstant	504229000	JPY
Land	Prior1YearInstant	752187000	JPY
Land	CurrentYearInstant	752187000	JPY
Construction in progress	Prior1YearInstant	－	JPY
Construction in progress	CurrentYearInstant	755866000	JPY
Other net ppe	Prior1YearInstant	50106000	JPY
Other net ppe	CurrentYearInstant	47391000	JPY
Property plant and equipment	Prior1YearInstant	1916905000	JPY
Property plant and equipment	CurrentYearInstant	2590939000	JPY
Intangible assets	Prior1YearInstant	76170000	JPY
Intangible assets	CurrentYearInstant	54960000	JPY
Investment securities	Prior1YearInstant	449552000	JPY
Investment securities	CurrentYearInstant	404137000	JPY
Deferred tax assets	Prior1YearInstant	144045000	JPY
Deferred tax assets	CurrentYearInstant	156584000	JPY
Other ioa	Prior1YearInstant	154954000	JPY
Other ioa	CurrentYearInstant	151516000	JPY
Investments and other assets	Prior1YearInstant	748551000	JPY
Investments and other assets	CurrentYearInstant	712237000	JPY
Noncurrent assets	Prior1YearInstant	2741627000	JPY
Noncurrent assets	CurrentYearInstant	3358136000	JPY
Assets	Prior1YearInstant	6594824000	JPY

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