Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥24.9bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥22.6bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥22.0bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥19.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥19.3bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥3.3bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥3.0bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥3.4bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥3.1bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.7bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.0bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.9bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥3.2bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥3.1bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥2.2bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.1bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.0bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.7bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.9bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.2bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥2.1bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥35.1bnat 2025-12-31Cons.Assets
Total assets¥31.1bnat 2024-12-31Cons.Assets
Total assets¥29.5bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥28.2bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥27.5bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥6.5bnat 2025-12-31Cons.Liabilities
Total liabilities¥4.9bnat 2024-12-31Cons.Liabilities
Net assets / equity¥28.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥26.2bnat 2024-12-31Cons.Net assets
Net assets / equity¥24.6bnat 2023-12-31vCons.Net assets
Net assets / equity¥23.1bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥21.5bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥17.8bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥17.7bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥17.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥17.7bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥17.2bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥14.0bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥13.5bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥2.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.8bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.6bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥227m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥952m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥373m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥2.4bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥951m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥551m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥969m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥957m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥772m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥866m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥557m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥229.242025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥222.222024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥209.332023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥181.032022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥202.42021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥2,993.41at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,745.57at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,566.9at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,413.81at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,250.65at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio81.2%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio83.9%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio83.0%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio81.7%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio78.0%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE8.0%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE8.4%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE8.4%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE7.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE9.3%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees1,471at 2025-12-31Cons.Number of employees
Employees1,375at 2024-12-31Cons.Number of employees
Employees1,362at 2023-12-31vCons.Number of employees
Employees1,137at 2022-12-31vCons.Number of employees
Employees934at 2021-12-31dCons.Number of employees
Revenue¥19.9bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥19.2bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥18.6bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥16.9bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥17.5bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥3.1bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥2.9bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥3.2bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥3.0bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.5bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.9bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.7bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥3.1bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥3.0bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥2.1bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥2.0bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥1.9bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.5bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.8bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥32.1bnat 2025-12-31StandaloneAssets
Total assets¥29.4bnat 2024-12-31StandaloneAssets
Total assets¥27.8bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥26.5bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥26.7bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥5.2bnat 2025-12-31StandaloneLiabilities
Total liabilities¥4.9bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥26.9bnat 2025-12-31StandaloneNet assets
Net assets / equity¥24.5bnat 2024-12-31StandaloneNet assets
Net assets / equity¥23.1bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥21.7bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥20.9bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥15.4bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥16.2bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥220.432025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥207.292024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥203.442023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥157.032022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥191.742021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥1052025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥952024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥852023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥752022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥652021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,820.01at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,574.39at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,425.62at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,271.98at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,191.61at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio83.7%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio83.5%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio83.4%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio81.7%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio78.4%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE8.2%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.3%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE8.7%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE7.0%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE9.0%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued10,048,000at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,048,000at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,048,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,048,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,048,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees659at 2025-12-31StandaloneNumber of employees
Employees645at 2024-12-31StandaloneNumber of employees
Employees618at 2023-12-31vStandaloneNumber of employees
Employees580at 2022-12-31vStandaloneNumber of employees
Employees556at 2021-12-31dStandaloneNumber 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 · 43
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2025-12-31−¥483m
Domestic Operationsreportable segmentcapex2025-01-01 → 2025-12-31¥1.6bn
Domestic Operationsreportable segmentdepreciation2025-01-01 → 2025-12-31¥413m
Domestic Operationsreportable segmentemployeesat 2025-12-31928 pure
Domestic Operationsreportable segmentrevenue2025-01-01 → 2025-12-31¥22.9bn
Domestic Operationsreportable segmentrevenue external2025-01-01 → 2025-12-31¥22.9bn
Domestic Operationsreportable segmentsegment assetsat 2025-12-31¥32.0bn
Domestic Operationsreportable segmentsegment profit2025-01-01 → 2025-12-31¥3.5bn
Overseas Operationsreportable segmentcapex2025-01-01 → 2025-12-31¥25m
Overseas Operationsreportable segmentdepreciation2025-01-01 → 2025-12-31¥13m
Overseas Operationsreportable segmentemployeesat 2025-12-31502 pure
Overseas Operationsreportable segmentrevenue2025-01-01 → 2025-12-31¥1.9bn
Overseas Operationsreportable segmentrevenue external2025-01-01 → 2025-12-31¥1.9bn
Overseas Operationsreportable segmentsegment assetsat 2025-12-31¥3.6bn
Overseas Operationsreportable segmentsegment profit2025-01-01 → 2025-12-31−¥220m
—segment totalcapex2025-01-01 → 2025-12-31¥1.6bn
—segment totaldepreciation2025-01-01 → 2025-12-31¥426m
—segment totalrevenue2025-01-01 → 2025-12-31¥24.9bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥24.9bn
—segment totalsegment assetsat 2025-12-31¥35.6bn
—segment totalsegment profit2025-01-01 → 2025-12-31¥3.3bn
Reconciling Itemsreconcilingsegment assetsat 2024-12-31−¥483m
Domestic Operationsreportable segmentcapex2024-01-01 → 2024-12-31¥330m
Domestic Operationsreportable segmentdepreciation2024-01-01 → 2024-12-31¥342m
Domestic Operationsreportable segmentrevenue2024-01-01 → 2024-12-31¥20.2bn
Domestic Operationsreportable segmentrevenue external2024-01-01 → 2024-12-31¥20.2bn
Domestic Operationsreportable segmentsegment assetsat 2024-12-31¥29.1bn
Domestic Operationsreportable segmentsegment profit2024-01-01 → 2024-12-31¥3.1bn
Overseas Operationsreportable segmentcapex2024-01-01 → 2024-12-31¥11m
Overseas Operationsreportable segmentdepreciation2024-01-01 → 2024-12-31¥13m
Overseas Operationsreportable segmentrevenue2024-01-01 → 2024-12-31¥2.4bn
Overseas Operationsreportable segmentrevenue external2024-01-01 → 2024-12-31¥2.4bn
Overseas Operationsreportable segmentsegment assetsat 2024-12-31¥2.5bn
Overseas Operationsreportable segmentsegment profit2024-01-01 → 2024-12-31−¥138m
—segment totalcapex2024-01-01 → 2024-12-31¥341m
—segment totaldepreciation2024-01-01 → 2024-12-31¥355m
—segment totalrevenue2024-01-01 → 2024-12-31¥22.6bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥22.6bn
—segment totalsegment assetsat 2024-12-31¥31.6bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥3.0bn
Domestic Operationsreportable segmentemployeesat 2025-12-31593 pure
Overseas Operationsreportable segmentemployeesat 2025-12-3125 pure
—segment totalemployeesat 2025-12-31659 pure

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

All source rows · 1,541
ItemContextValueUnit
Net assets (5-year summary)Prior3YearInstant23082454000JPY
Net assets (5-year summary)Prior2YearInstant24552167000JPY
Net assets (5-year summary)Prior1YearInstant26191252000JPY
Net assets (5-year summary)CurrentYearInstant28576426000JPY
Total assets (5-year summary)Prior4YearInstant27516087000JPY
Total assets (5-year summary)Prior3YearInstant28178821000JPY
Total assets (5-year summary)Prior2YearInstant29493986000JPY
Total assets (5-year summary)Prior1YearInstant31122285000JPY
Total assets (5-year summary)CurrentYearInstant35095218000JPY
Net assets per share (5-year summary)Prior4YearInstant2250.65
Net assets per share (5-year summary)Prior3YearInstant2413.81
Net assets per share (5-year summary)Prior2YearInstant2566.90
Net assets per share (5-year summary)Prior1YearInstant2745.57
Net assets per share (5-year summary)CurrentYearInstant2993.41
Basic earnings loss per share (5-year summary)Prior4YearDuration202.40
Basic earnings loss per share (5-year summary)Prior3YearDuration181.03
Basic earnings loss per share (5-year summary)Prior2YearDuration209.33
Basic earnings loss per share (5-year summary)Prior1YearDuration222.22
Basic earnings loss per share (5-year summary)CurrentYearDuration229.24
Equity to asset ratio (5-year summary)Prior4YearInstant0.780
Equity to asset ratio (5-year summary)Prior3YearInstant0.817
Equity to asset ratio (5-year summary)Prior2YearInstant0.830
Equity to asset ratio (5-year summary)Prior1YearInstant0.839
Equity to asset ratio (5-year summary)CurrentYearInstant0.812
Rate of return on equity (5-year summary)Prior4YearDuration0.093
Rate of return on equity (5-year summary)Prior3YearDuration0.078
Rate of return on equity (5-year summary)Prior2YearDuration0.084
Rate of return on equity (5-year summary)Prior1YearDuration0.084
Rate of return on equity (5-year summary)CurrentYearDuration0.080
Price earnings ratio (5-year summary)Prior4YearDuration9.6
Price earnings ratio (5-year summary)Prior3YearDuration11.2
Price earnings ratio (5-year summary)Prior2YearDuration13.0
Price earnings ratio (5-year summary)Prior1YearDuration16.1
Price earnings ratio (5-year summary)CurrentYearDuration22.2
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration227020000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration1953400000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration1550840000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration1787973000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration2075263000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration-551299000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration-950960000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration2419113000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-373482000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration-952168000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration-556955000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration-866292000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration-771684000JPY
Net cash provided by used in financing activities (5-year summary)Prior1YearDuration-957200000JPY
Net cash provided by used in financing activities (5-year summary)CurrentYearDuration-968977000JPY
Cash and cash equivalents (5-year summary)Prior4YearInstant13460637000JPY

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 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass