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
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember50
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember40
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember10182
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember10376
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember34526
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember9469
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember17222
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember25878
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember3370
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember572388
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember662853
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember25129
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0521
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0143
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.0260
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0390
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0051
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.8635
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember27783600
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.4190
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember4975500
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0750
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember4832300
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0729
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember4065600
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0613
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember2736700
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0413
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember1673100
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0252
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember1195896
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0180
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember1004500
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0151
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember962300
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0145
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember618700
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0093
Number of shares heldCurrentYearInstant49848196
Shareholding ratioCurrentYearInstant0.7516
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember66285300
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember662853
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember25129

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