Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 154
MetricValuePeriodScopeSource row
Revenue¥7.1bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥7.0bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥7.4bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥7.7bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥26.7bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥2.0bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.6bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥2.0bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.7bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥2.1bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.4bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.5bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥2.0bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥1.7bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.4bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.2bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.5bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.6bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥1.4bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥22.9bnat 2025-12-31Cons.Assets
Total assets¥23.4bnat 2024-12-31Cons.Assets
Total assets¥23.4bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥23.9bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥24.7bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥5.3bnat 2025-12-31Cons.Liabilities
Total liabilities¥5.3bnat 2024-12-31Cons.Liabilities
Net assets / equity¥17.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥18.1bnat 2024-12-31Cons.Net assets
Net assets / equity¥17.9bnat 2023-12-31vCons.Net assets
Net assets / equity¥18.0bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥19.7bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥14.7bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥16.9bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥14.7bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥17.0bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥17.3bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥17.1bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥19.4bnat 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¥1.3bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.5bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.5bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.2bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥2.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥324m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥21m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.5bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥940m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.8bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.3bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.3bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥3.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥2.4bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥19.742025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥21.432024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥18.612023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥22.342022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥22.632021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥19.732025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥21.432024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥22.342022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥264.65at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥271.77at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥268.76at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥269.58at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥276.92at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio76.5%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio77.1%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio76.2%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio74.9%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio79.6%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE7.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE7.9%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE6.9%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE8.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE8.2%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees356at 2025-12-31Cons.Number of employees
Employees409at 2024-12-31Cons.Number of employees
Employees460at 2023-12-31vCons.Number of employees
Employees490at 2022-12-31vCons.Number of employees
Employees482at 2021-12-31dCons.Number of employees
Revenue¥6.0bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥6.2bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥6.9bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥7.1bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥24.9bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥2.2bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.7bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥2.3bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.7bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥2.1bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.5bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.5bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥2.2bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥1.8bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥1.5bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥1.5bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥1.1bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.3bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.7bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥22.8bnat 2025-12-31StandaloneAssets
Total assets¥23.0bnat 2024-12-31StandaloneAssets
Total assets¥22.9bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥23.4bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥24.4bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥5.2bnat 2025-12-31StandaloneLiabilities
Total liabilities¥5.2bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥17.6bnat 2025-12-31StandaloneNet assets
Net assets / equity¥17.8bnat 2024-12-31StandaloneNet assets
Net assets / equity¥17.6bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥17.7bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥19.7bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥14.4bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥16.5bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥23.382025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥22.562024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥16.812023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥18.952022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥24.172021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥23.372025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥22.562024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥18.952022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥272025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥192024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥192023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥192022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥192021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥264.54at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥268.02at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥263.87at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥265.41at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥276.31at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio76.9%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio77.2%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio76.4%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio75.1%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio80.2%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE8.8%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE6.3%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)
ROE8.8%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued66,310,429at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued76,930,032at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued76,930,032at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued76,930,032at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued76,930,032at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees319at 2025-12-31StandaloneNumber of employees
Employees393at 2024-12-31StandaloneNumber of employees
Employees412at 2023-12-31vStandaloneNumber of employees
Employees426at 2022-12-31vStandaloneNumber of employees
Employees422at 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 · 24
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥292m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥292m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥1.2bn
Strategy Businessreportable segmentemployeesat 2025-12-3194 pure
Strategy Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥1.6bn
Strategy Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥1.4bn
Strategy Businessreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥127m
Strategy Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥619m
—segment totalrevenue2025-01-01 → 2025-12-31¥7.4bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥7.1bn
—segment totalrevenue intersegment2025-01-01 → 2025-12-31¥292m
—segment totalsegment profit2025-01-01 → 2025-12-31¥3.2bn
Reconciling Itemsreconcilingrevenue2024-01-01 → 2024-12-31−¥265m
Reconciling Itemsreconcilingrevenue intersegment2024-01-01 → 2024-12-31−¥265m
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥976m
Strategy Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥1.1bn
Strategy Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥1.0bn
Strategy Businessreportable segmentrevenue intersegment2024-01-01 → 2024-12-31¥39m
Strategy Businessreportable segmentsegment profit2024-01-01 → 2024-12-31−¥854m
—segment totalrevenue2024-01-01 → 2024-12-31¥7.2bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥7.0bn
—segment totalrevenue intersegment2024-01-01 → 2024-12-31¥265m
—segment totalsegment profit2024-01-01 → 2024-12-31¥2.6bn
Strategy Businessreportable segmentemployeesat 2025-12-3157 pure

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

All source rows · 1,318
ItemContextValueUnit
Cash and cash equivalents (5-year summary)Prior3YearInstant17056725000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant17303258000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant17021101000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant14698412000JPY
Number of employeesPrior4YearInstant482
Number of employeesPrior3YearInstant490
Number of employeesPrior2YearInstant460
Number of employeesPrior1YearInstant409
Number of employeesCurrentYearInstant356
Average number of temporary workersPrior4YearInstant29
Average number of temporary workersPrior3YearInstant27
Average number of temporary workersPrior2YearInstant28
Average number of temporary workersPrior1YearInstant28
Average number of temporary workersCurrentYearInstant21
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember24879023000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember7111392000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember6869019000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember6234111000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember6027304000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember2475431000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember2512261000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember2127582000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember1727596000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember2253249000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember1748512000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember1302227000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember1113418000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember1494872000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember1549185000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember1173673000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember1173673000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember1173673000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember1173673000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember1189569000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember76930032
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember76930032
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember76930032
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember76930032
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember66310429
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember19662672000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember17677612000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember17564256000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember17810755000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember17572961000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember24422796000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember23420911000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember22868656000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember22988767000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember22813986000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember276.31

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
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