Annual report

Period2024-11-01 → 2025-10-31
Filed2026-07-03
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100XIHR. Amended by S100YOSX (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
Gain on sales of investment securities eiCurrentYearDuration-JPY
Gain on reversal of subscription rights to shares eiPrior1YearDuration19472000JPY
Gain on reversal of subscription rights to shares eiCurrentYearDuration32855000JPY
Gain on repayment of subscription right to shares eiPrior1YearDuration5127000JPY
Gain on repayment of subscription right to shares eiCurrentYearDuration-JPY
Extraordinary incomePrior1YearDuration60275000JPY
Extraordinary incomeCurrentYearDuration32855000JPY
Impairment loss elPrior1YearDuration745514000JPY
Impairment loss elCurrentYearDuration-JPY
Loss on sales of investment securities elPrior1YearDuration2146000JPY
Loss on sales of investment securities elCurrentYearDuration-JPY
Loss on valuation of investment securities elPrior1YearDuration6094000JPY
Loss on valuation of investment securities elCurrentYearDuration187476000JPY
Provision for correction related expenses elPrior1YearDuration50000000JPY
Provision for correction related expenses elCurrentYearDuration12000000JPY
Nonrecurring loss elPrior1YearDuration-JPY
Nonrecurring loss elCurrentYearDuration743985000JPY
Extraordinary lossPrior1YearDuration803754000JPY
Extraordinary lossCurrentYearDuration943462000JPY
Income before income taxesPrior1YearDuration-1894831000JPY
Income before income taxesCurrentYearDuration-1364574000JPY
Income taxes currentPrior1YearDuration11759000JPY
Income taxes currentCurrentYearDuration2119000JPY
Income taxes deferredPrior1YearDuration53648000JPY
Income taxes deferredCurrentYearDuration-164000JPY
Income taxesPrior1YearDuration65407000JPY
Income taxesCurrentYearDuration1954000JPY
Profit lossPrior1YearDuration-1960239000JPY
Profit lossCurrentYearDuration-1366529000JPY
Profit loss attributable to owners of parentPrior1YearDuration-1960239000JPY
Profit loss attributable to owners of parentCurrentYearDuration-1366529000JPY
Profit lossPrior1YearDuration-1960239000JPY
Profit lossCurrentYearDuration-1366529000JPY
Valuation difference on available for sale securities net of tax ociPrior1YearDuration-213137000JPY
Valuation difference on available for sale securities net of tax ociCurrentYearDuration188613000JPY
Foreign currency translation adjustment net of tax ociPrior1YearDuration-89000JPY
Foreign currency translation adjustment net of tax ociCurrentYearDuration89000JPY
Other comprehensive incomePrior1YearDuration-213227000JPY
Other comprehensive incomeCurrentYearDuration188702000JPY
Comprehensive incomePrior1YearDuration-2173467000JPY
Comprehensive incomeCurrentYearDuration-1177826000JPY
Comprehensive income attributable to owners of the parentPrior1YearDuration-2173467000JPY
Comprehensive income attributable to owners of the parentCurrentYearDuration-1177826000JPY
Comprehensive income attributable to non controlling interestsPrior1YearDuration-JPY
Comprehensive income attributable to non controlling interestsCurrentYearDuration-JPY
Net assetsPrior2YearInstant_CapitalStockMember50000000JPY
Net assetsPrior2YearInstant_CapitalSurplusMember4855326000JPY
Net assetsPrior2YearInstant_RetainedEarningsMember-2024517000JPY
Net assetsPrior2YearInstant_TreasuryStockMember-12851000JPY
Net assetsPrior2YearInstant_ShareholdersEquityMember2867957000JPY

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