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
Intangible assetsCurrentYearInstant862688000JPY
Investment securitiesPrior1YearInstant1140546000JPY
Investment securitiesCurrentYearInstant3687231000JPY
Deferred tax assetsPrior1YearInstant212462000JPY
Deferred tax assetsCurrentYearInstant255714000JPY
Other ioaPrior1YearInstant148843000JPY
Other ioaCurrentYearInstant95729000JPY
Allowance for doubtful accounts ioa by groupPrior1YearInstant-1170000JPY
Allowance for doubtful accounts ioa by groupCurrentYearInstant-1751000JPY
Investments and other assetsPrior1YearInstant1500682000JPY
Investments and other assetsCurrentYearInstant4036923000JPY
Noncurrent assetsPrior1YearInstant2570881000JPY
Noncurrent assetsCurrentYearInstant4969978000JPY
AssetsPrior1YearInstant23356835000JPY
AssetsCurrentYearInstant22927473000JPY
Accounts payable tradePrior1YearInstant4425209000JPY
Accounts payable tradeCurrentYearInstant3938419000JPY
Income taxes payablePrior1YearInstant18368000JPY
Income taxes payableCurrentYearInstant589247000JPY
Provision for point card certificates clPrior1YearInstant24275000JPY
Provision for point card certificates clCurrentYearInstant49607000JPY
Provision for bonusesPrior1YearInstant4345000JPY
Provision for bonusesCurrentYearInstant3212000JPY
Other clPrior1YearInstant710738000JPY
Other clCurrentYearInstant651237000JPY
Current liabilitiesPrior1YearInstant5182938000JPY
Current liabilitiesCurrentYearInstant5231724000JPY
Other nclPrior1YearInstant114262000JPY
Other nclCurrentYearInstant115316000JPY
Noncurrent liabilitiesPrior1YearInstant114262000JPY
Noncurrent liabilitiesCurrentYearInstant115316000JPY
LiabilitiesPrior1YearInstant5297200000JPY
LiabilitiesCurrentYearInstant5347040000JPY
Capital stockPrior1YearInstant1173673000JPY
Capital stockCurrentYearInstant1189569000JPY
Capital surplusPrior1YearInstant278373000JPY
Capital surplusCurrentYearInstant294269000JPY
Retained earningsPrior1YearInstant21212893000JPY
Retained earningsCurrentYearInstant15952716000JPY
Treasury stockPrior1YearInstant-4779247000JPY
Treasury stockCurrentYearInstant-JPY
Shareholders equityPrior1YearInstant17885693000JPY
Shareholders equityCurrentYearInstant17436554000JPY
Valuation difference on available for sale securitiesPrior1YearInstant118807000JPY
Valuation difference on available for sale securitiesCurrentYearInstant112578000JPY
Valuation and translation adjustmentsPrior1YearInstant118807000JPY
Valuation and translation adjustmentsCurrentYearInstant112578000JPY
Subscription rights to sharesPrior1YearInstant55134000JPY
Subscription rights to sharesCurrentYearInstant31300000JPY
Net assetsPrior1YearInstant18059635000JPY

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