Annual report

Period2024-11-01 → 2025-10-31
Filed2026-01-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amended by S100YOOP (2026-07-03).

Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥27m2024-11-01 → 2025-10-31Cons.Net sales
Revenue¥1.6bn2023-11-01 → 2024-10-31Cons.Net sales
Revenue¥963m2022-11-01 → 2023-10-31vCons.Net sales (5-year summary)
Revenue¥1.6bn2021-11-01 → 2022-10-31vCons.Net sales (5-year summary)
Revenue¥1.6bn2020-11-01 → 2021-10-31dCons.Net sales (5-year summary)
Operating income−¥490m2024-11-01 → 2025-10-31Cons.Operating income
Operating income−¥1.1bn2023-11-01 → 2024-10-31Cons.Operating income
Ordinary income−¥454m2024-11-01 → 2025-10-31Cons.Ordinary income
Ordinary income−¥1.2bn2023-11-01 → 2024-10-31Cons.Ordinary income
Ordinary income−¥1.4bn2022-11-01 → 2023-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥180m2021-11-01 → 2022-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥114m2020-11-01 → 2021-10-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥1.4bn2024-11-01 → 2025-10-31Cons.Income before income taxes
Profit before tax−¥1.9bn2023-11-01 → 2024-10-31Cons.Income before income taxes
Net income (owners)−¥1.4bn2024-11-01 → 2025-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.0bn2023-11-01 → 2024-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.7bn2022-11-01 → 2023-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥605m2021-11-01 → 2022-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥363m2020-11-01 → 2021-10-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥1.4bn2024-11-01 → 2025-10-31Cons.Profit loss
Net income−¥2.0bn2023-11-01 → 2024-10-31Cons.Profit loss
Total assets¥533mat 2025-10-31Cons.Assets
Total assets¥86.5bnat 2024-10-31Cons.Assets
Total assets¥60.6bnat 2023-10-31vCons.Total assets (5-year summary)
Total assets¥6.4bnat 2022-10-31vCons.Total assets (5-year summary)
Total assets¥3.8bnat 2021-10-31dCons.Total assets (5-year summary)
Total liabilities¥106mat 2025-10-31Cons.Liabilities
Total liabilities¥85.1bnat 2024-10-31Cons.Liabilities
Net assets / equity¥428mat 2025-10-31Cons.Net assets
Net assets / equity¥1.4bnat 2024-10-31Cons.Net assets
Net assets / equity¥2.9bnat 2023-10-31vCons.Net assets
Net assets / equity¥5.8bnat 2022-10-31vCons.Net assets (5-year summary)
Net assets / equity¥3.1bnat 2021-10-31dCons.Net assets (5-year summary)
Cash and deposits¥223mat 2025-10-31Cons.Cash and deposits
Cash and deposits¥1.5bnat 2024-10-31Cons.Cash and deposits
Cash & equivalents¥223mat 2025-10-31Cons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2024-10-31Cons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2023-10-31vCons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2022-10-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.7bnat 2021-10-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥645m2024-11-01 → 2025-10-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥628m2023-11-01 → 2024-10-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥201m2022-11-01 → 2023-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1000m2021-11-01 → 2022-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥49m2020-11-01 → 2021-10-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥252m2024-11-01 → 2025-10-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥301m2023-11-01 → 2024-10-31Cons.Net cash provided by used in investment activities
Investing cash flow¥613m2022-11-01 → 2023-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥67m2021-11-01 → 2022-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥380m2020-11-01 → 2021-10-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥200m2024-11-01 → 2025-10-31Cons.Net cash provided by used in financing activities
Financing cash flow¥943m2023-11-01 → 2024-10-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥53m2022-11-01 → 2023-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥354m2021-11-01 → 2022-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.6bn2020-11-01 → 2021-10-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-77.122024-11-01 → 2025-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-114.632023-11-01 → 2024-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-186.362022-11-01 → 2023-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥47.472021-11-01 → 2022-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-49.722020-11-01 → 2021-10-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥22.58at 2025-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥78.87at 2024-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥196.53at 2023-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥394.55at 2022-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥381.93at 2021-10-31dCons.Net assets per share (5-year summary)
Equity ratio78.7%at 2025-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio1.6%at 2024-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio4.8%at 2023-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio90.3%at 2022-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio80.1%at 2021-10-31dCons.Equity to asset ratio (5-year summary)
ROE-150.4%2024-11-01 → 2025-10-31Cons.Rate of return on equity (5-year summary)
ROE-91.4%2023-11-01 → 2024-10-31Cons.Rate of return on equity (5-year summary)
ROE-63.1%2022-11-01 → 2023-10-31vCons.Rate of return on equity (5-year summary)
ROE13.7%2021-11-01 → 2022-10-31vCons.Rate of return on equity (5-year summary)
ROE-15.9%2020-11-01 → 2021-10-31dCons.Rate of return on equity (5-year summary)
Employees7at 2025-10-31Cons.Number of employees
Employees80at 2024-10-31Cons.Number of employees
Employees79at 2023-10-31vCons.Number of employees
Employees58at 2022-10-31vCons.Number of employees
Employees65at 2021-10-31dCons.Number of employees
Revenue¥22m2024-11-01 → 2025-10-31StandaloneNet sales
Revenue¥44m2023-11-01 → 2024-10-31StandaloneNet sales
Revenue¥51m2022-11-01 → 2023-10-31vStandaloneNet sales (5-year summary)
Revenue¥320m2021-11-01 → 2022-10-31vStandaloneNet sales (5-year summary)
Revenue¥749m2020-11-01 → 2021-10-31dStandaloneNet sales (5-year summary)
Operating income−¥488m2024-11-01 → 2025-10-31StandaloneOperating income
Operating income−¥384m2023-11-01 → 2024-10-31StandaloneOperating income
Ordinary income−¥450m2024-11-01 → 2025-10-31StandaloneOrdinary income
Ordinary income−¥766m2023-11-01 → 2024-10-31StandaloneOrdinary income
Ordinary income−¥907m2022-11-01 → 2023-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥22m2021-11-01 → 2022-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥179m2020-11-01 → 2021-10-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.8bn2024-11-01 → 2025-10-31StandaloneIncome before income taxes
Profit before tax−¥2.9bn2023-11-01 → 2024-10-31StandaloneIncome before income taxes
Net income−¥1.8bn2024-11-01 → 2025-10-31StandaloneProfit loss
Net income−¥2.9bn2023-11-01 → 2024-10-31StandaloneProfit loss
Net income−¥1.0bn2022-11-01 → 2023-10-31vStandaloneNet income loss (5-year summary)
Net income¥210m2021-11-01 → 2022-10-31vStandaloneNet income loss (5-year summary)
Net income−¥383m2020-11-01 → 2021-10-31dStandaloneNet income loss (5-year summary)
Total assets¥421mat 2025-10-31StandaloneAssets
Total assets¥1.9bnat 2024-10-31StandaloneAssets
Total assets¥4.2bnat 2023-10-31vStandaloneTotal assets (5-year summary)
Total assets¥5.4bnat 2022-10-31vStandaloneTotal assets (5-year summary)
Total assets¥3.2bnat 2021-10-31dStandaloneTotal assets (5-year summary)
Total liabilities¥143mat 2025-10-31StandaloneLiabilities
Total liabilities¥80mat 2024-10-31StandaloneLiabilities
Net assets / equity¥278mat 2025-10-31StandaloneNet assets
Net assets / equity¥1.8bnat 2024-10-31StandaloneNet assets
Net assets / equity¥4.2bnat 2023-10-31vStandaloneNet assets
Net assets / equity¥5.3bnat 2022-10-31vStandaloneNet assets (5-year summary)
Net assets / equity¥3.0bnat 2021-10-31dStandaloneNet assets (5-year summary)
Cash and deposits¥219mat 2025-10-31StandaloneCash and deposits
Cash and deposits¥615mat 2024-10-31StandaloneCash and deposits
EPS (basic)¥-101.942024-11-01 → 2025-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-169.762023-11-01 → 2024-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-68.072022-11-01 → 2023-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥16.52021-11-01 → 2022-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-52.452020-11-01 → 2021-10-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥14.53at 2025-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥99.73at 2024-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥280.51at 2023-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥355.22at 2022-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥371.55at 2021-10-31dStandaloneNet assets per share (5-year summary)
Equity ratio64.2%at 2025-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio93.9%at 2024-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio97.7%at 2023-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio96.2%at 2022-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio91.4%at 2021-10-31dStandaloneEquity to asset ratio (5-year summary)
ROE-177.4%2024-11-01 → 2025-10-31StandaloneRate of return on equity (5-year summary)
ROE-98.5%2023-11-01 → 2024-10-31StandaloneRate of return on equity (5-year summary)
ROE-21.4%2022-11-01 → 2023-10-31vStandaloneRate of return on equity (5-year summary)
ROE5.1%2021-11-01 → 2022-10-31vStandaloneRate of return on equity (5-year summary)
ROE-17.6%2020-11-01 → 2021-10-31dStandaloneRate of return on equity (5-year summary)
Shares issued18,608,733at 2025-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued17,746,733at 2024-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued14,746,733at 2023-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued14,746,733at 2022-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,985,036at 2021-10-31dStandaloneTotal number of issued shares (5-year summary)
Employees7at 2025-10-31StandaloneNumber of employees
Employees6at 2024-10-31StandaloneNumber of employees
Employees5at 2023-10-31vStandaloneNumber of employees
Employees5at 2022-10-31vStandaloneNumber of employees
Employees11at 2021-10-31dStandaloneNumber 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 · 32
SegmentItemPeriodValue
Blockchain Servicereportable segmentemployeesat 2025-10-317 pure
Reconciling Itemsreconcilingcapex2023-11-01 → 2024-10-31¥462,000
Reconciling Itemsreconcilingdepreciation2023-11-01 → 2024-10-31¥1m
Reconciling Itemsreconcilingrevenue2023-11-01 → 2024-10-31−¥41m
Reconciling Itemsreconcilingrevenue intersegment2023-11-01 → 2024-10-31−¥41m
Reconciling Itemsreconcilingsegment assetsat 2024-10-31¥1.2bn
Reconciling Itemsreconcilingsegment profit2023-11-01 → 2024-10-31−¥301m
Blockchain Servicereportable segmentcapex2023-11-01 → 2024-10-31¥108m
Blockchain Servicereportable segmentdepreciation2023-11-01 → 2024-10-31¥4m
Blockchain Servicereportable segmentrevenue2023-11-01 → 2024-10-31¥730m
Blockchain Servicereportable segmentrevenue external2023-11-01 → 2024-10-31¥730m
Blockchain Servicereportable segmentsegment assetsat 2024-10-31¥83.7bn
Blockchain Servicereportable segmentsegment profit2023-11-01 → 2024-10-31−¥772m
Incureportable segmentdepreciation2023-11-01 → 2024-10-31¥717,000
Incureportable segmentrevenue2023-11-01 → 2024-10-31¥432m
Incureportable segmentrevenue external2023-11-01 → 2024-10-31¥391m
Incureportable segmentrevenue intersegment2023-11-01 → 2024-10-31¥41m
Incureportable segmentsegment assetsat 2024-10-31¥1.5bn
Incureportable segmentsegment profit2023-11-01 → 2024-10-31−¥20m
System Engineeringreportable segmentdepreciation2023-11-01 → 2024-10-31¥875,000
System Engineeringreportable segmentrevenue2023-11-01 → 2024-10-31¥492m
System Engineeringreportable segmentrevenue external2023-11-01 → 2024-10-31¥492m
System Engineeringreportable segmentsegment assetsat 2024-10-31¥200m
System Engineeringreportable segmentsegment profit2023-11-01 → 2024-10-31−¥41m
—segment totalcapex2023-11-01 → 2024-10-31¥108m
—segment totaldepreciation2023-11-01 → 2024-10-31¥5m
—segment totalrevenue2023-11-01 → 2024-10-31¥1.7bn
—segment totalrevenue external2023-11-01 → 2024-10-31¥1.6bn
—segment totalrevenue intersegment2023-11-01 → 2024-10-31¥41m
—segment totalsegment assetsat 2024-10-31¥85.3bn
—segment totalsegment profit2023-11-01 → 2024-10-31−¥832m
Blockchain Servicereportable segmentemployeesat 2025-10-317 pure

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

All source rows · 1,353
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)監査法人アリア
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)茂  木  秀  俊
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)山  中  康  之
Key audit matters consolidated (text)FilingDateInstantText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)監査法人アリア
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)茂  木  秀  俊
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)山  中  康  之
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration1621924000JPY
Net sales (5-year summary)Prior3YearDuration1603399000JPY
Net sales (5-year summary)Prior2YearDuration962801000JPY
Net sales (5-year summary)Prior1YearDuration1613430000JPY
Net sales (5-year summary)CurrentYearDuration26550000JPY
Ordinary income loss (5-year summary)Prior4YearDuration-114387000JPY
Ordinary income loss (5-year summary)Prior3YearDuration179942000JPY
Ordinary income loss (5-year summary)Prior2YearDuration-1401973000JPY
Ordinary income loss (5-year summary)Prior1YearDuration-1151352000JPY
Ordinary income loss (5-year summary)CurrentYearDuration-453968000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration-362697000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration605451000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration-2742920000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration-1960239000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration-1366529000JPY
Comprehensive income (5-year summary)Prior4YearDuration-148029000JPY
Comprehensive income (5-year summary)Prior3YearDuration539053000JPY
Comprehensive income (5-year summary)Prior2YearDuration-2914580000JPY
Comprehensive income (5-year summary)Prior1YearDuration-2173467000JPY
Comprehensive income (5-year summary)CurrentYearDuration-1177826000JPY
Net assets (5-year summary)Prior4YearInstant3066099000JPY
Net assets (5-year summary)Prior3YearInstant5834614000JPY
Net assets (5-year summary)Prior2YearInstant2932851000JPY
Net assets (5-year summary)Prior1YearInstant1431872000JPY
Net assets (5-year summary)CurrentYearInstant427843000JPY
Total assets (5-year summary)Prior4YearInstant3794225000JPY
Total assets (5-year summary)Prior3YearInstant6430657000JPY
Total assets (5-year summary)Prior2YearInstant60563539000JPY
Total assets (5-year summary)Prior1YearInstant86538161000JPY
Total assets (5-year summary)CurrentYearInstant533389000JPY
Net assets per share (5-year summary)Prior4YearInstant381.93
Net assets per share (5-year summary)Prior3YearInstant394.55
Net assets per share (5-year summary)Prior2YearInstant196.53
Net assets per share (5-year summary)Prior1YearInstant78.87
Net assets per share (5-year summary)CurrentYearInstant22.58

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 2024-10-31pass rounding
balance sheet identityconsolidated 2025-10-31pass rounding
balance sheet identitynon_consolidated 2024-10-31pass rounding
balance sheet identitynon_consolidated 2025-10-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-10-31pass
statement vs summary · net assetsconsolidated 2024-10-31pass
statement vs summary · net assetsconsolidated 2025-10-31pass
statement vs summary · net assetsnon_consolidated 2023-10-31pass
statement vs summary · net assetsnon_consolidated 2024-10-31pass
statement vs summary · net assetsnon_consolidated 2025-10-31pass
statement vs summary · net income attributable to parentconsolidated 2023-11-01/2024-10-31pass
statement vs summary · net income attributable to parentconsolidated 2024-11-01/2025-10-31pass
statement vs summary · operating cash flowconsolidated 2023-11-01/2024-10-31pass
statement vs summary · operating cash flowconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenueconsolidated 2023-11-01/2024-10-31pass
statement vs summary · revenueconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenuenon_consolidated 2023-11-01/2024-10-31pass
statement vs summary · revenuenon_consolidated 2024-11-01/2025-10-31pass
statement vs summary · total assetsconsolidated 2024-10-31pass
statement vs summary · total assetsconsolidated 2025-10-31pass
statement vs summary · total assetsnon_consolidated 2024-10-31pass
statement vs summary · total assetsnon_consolidated 2025-10-31pass