Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥4.5bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥4.7bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥4.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥4.8bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥375m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥480m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥325m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥432m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥352m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥392m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥448m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥349m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥426m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥231m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥296m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥173m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥237m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥271m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥231m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥296m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥8.8bn	at 2025-12-31	Cons.	Assets
Total assets	¥9.3bn	at 2024-12-31	Cons.	Assets
Total assets	¥9.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥8.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥9.0bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥5.0bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥5.7bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥3.7bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥3.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥3.5bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥3.4bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥3.3bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.5bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.7bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.2bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.5bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.5bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.6bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.7bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥386m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥343m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥179m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥27m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥752m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥94m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥46m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥25m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥26m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥48m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥619m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥246m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥65m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥76m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥482m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥25.51	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.7	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥19.06	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.11	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥29.88	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥411.73	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥400.71	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥381.29	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥374.8	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥363.67	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	42.6%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	38.9%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	37.5%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	38.6%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	36.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	6.3%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	8.4%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	5.0%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	7.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	8.4%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	154	at 2025-12-31	Cons.	Number of employees
Employees	155	at 2024-12-31	Cons.	Number of employees
Employees	159	at 2023-12-31^v	Cons.	Number of employees
Employees	158	at 2022-12-31^v	Cons.	Number of employees
Employees	161	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥4.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥4.2bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥4.1bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥4.3bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥4.5bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥205m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥298m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥220m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥306m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥249m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥251m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥333m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥207m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥300m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥133m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥197m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥131m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥101m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥184m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥3.3bn	at 2025-12-31	Standalone	Assets
Total assets	¥3.5bn	at 2024-12-31	Standalone	Assets
Total assets	¥3.5bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.3bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.6bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥516m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥715m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥2.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥2.8bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥2.7bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥2.7bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.8bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.2bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥2.4bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥14.68	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥21.78	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥14.49	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥11.14	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥20.33	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥16	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥14	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥14	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥13	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥12	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥308.79	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥308.2	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥300.22	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥298.44	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥303.65	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	84.4%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	79.6%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	78.5%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	81.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	75.9%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	4.8%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.2%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	4.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	3.7%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	6.8%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	9,134,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	9,134,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	9,134,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	9,134,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	9,134,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	101	at 2025-12-31	Standalone	Number of employees
Employees	104	at 2024-12-31	Standalone	Number of employees
Employees	107	at 2023-12-31^v	Standalone	Number of employees
Employees	107	at 2022-12-31^v	Standalone	Number of employees
Employees	107	at 2021-12-31^d	Standalone	Number 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.

All source rows · 1,305

Item	Context	Value
Net assets per share (5-year summary)	Prior4YearInstant_NonConsolidatedMember	303.65
Net assets per share (5-year summary)	Prior3YearInstant_NonConsolidatedMember	298.44
Net assets per share (5-year summary)	Prior2YearInstant_NonConsolidatedMember	300.22
Net assets per share (5-year summary)	Prior1YearInstant_NonConsolidatedMember	308.20
Net assets per share (5-year summary)	CurrentYearInstant_NonConsolidatedMember	308.79
Dividend paid per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	12.00
Dividend paid per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	13.00
Dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	14.00
Dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	14.00
Dividend paid per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	16.00
First quarter dividend paid per share (key data)	Prior4YearDuration_NonConsolidatedMember	－
First quarter dividend paid per share (key data)	Prior3YearDuration_NonConsolidatedMember	3.00
First quarter dividend paid per share (key data)	Prior2YearDuration_NonConsolidatedMember	3.00
First quarter dividend paid per share (key data)	Prior1YearDuration_NonConsolidatedMember	3.00
First quarter dividend paid per share (key data)	CurrentYearDuration_NonConsolidatedMember	3.00
Second quarter dividend paid per share (key data)	Prior4YearDuration_NonConsolidatedMember	5.00
Second quarter dividend paid per share (key data)	Prior3YearDuration_NonConsolidatedMember	3.00
Second quarter dividend paid per share (key data)	Prior2YearDuration_NonConsolidatedMember	3.00
Second quarter dividend paid per share (key data)	Prior1YearDuration_NonConsolidatedMember	3.00
Second quarter dividend paid per share (key data)	CurrentYearDuration_NonConsolidatedMember	3.00
Third quarter dividend paid per share (key data)	Prior4YearDuration_NonConsolidatedMember	－
Third quarter dividend paid per share (key data)	Prior3YearDuration_NonConsolidatedMember	3.00
Third quarter dividend paid per share (key data)	Prior2YearDuration_NonConsolidatedMember	3.00
Third quarter dividend paid per share (key data)	Prior1YearDuration_NonConsolidatedMember	3.00
Third quarter dividend paid per share (key data)	CurrentYearDuration_NonConsolidatedMember	3.00
Fourth quarter dividend paid per share (key data)	Prior4YearDuration_NonConsolidatedMember	7.00
Fourth quarter dividend paid per share (key data)	Prior3YearDuration_NonConsolidatedMember	4.00
Fourth quarter dividend paid per share (key data)	Prior2YearDuration_NonConsolidatedMember	5.00
Fourth quarter dividend paid per share (key data)	Prior1YearDuration_NonConsolidatedMember	5.00
Fourth quarter dividend paid per share (key data)	CurrentYearDuration_NonConsolidatedMember	7.00
Basic earnings loss per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	20.33
Basic earnings loss per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	11.14
Basic earnings loss per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	14.49
Basic earnings loss per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	21.78
Basic earnings loss per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	14.68
Diluted earnings per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	－
Equity to asset ratio (5-year summary)	Prior4YearInstant_NonConsolidatedMember	0.759
Equity to asset ratio (5-year summary)	Prior3YearInstant_NonConsolidatedMember	0.813
Equity to asset ratio (5-year summary)	Prior2YearInstant_NonConsolidatedMember	0.785
Equity to asset ratio (5-year summary)	Prior1YearInstant_NonConsolidatedMember	0.796
Equity to asset ratio (5-year summary)	CurrentYearInstant_NonConsolidatedMember	0.844
Rate of return on equity (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.068
Rate of return on equity (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.037
Rate of return on equity (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.048
Rate of return on equity (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.072
Rate of return on equity (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.048

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 identity	consolidated 2024-12-31	pass rounding
balance sheet identity	consolidated 2025-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass