Half-year report · HY

Period2025-04-01 → 2025-09-30

Filed2025-12-26

StandardJapan GAAP

ConsolidatedYes

Data checks26 of 26 passed

Key figures · 110

Metric	Value	Period	Scope	Source row
Revenue	¥278m	2025-04-01 → 2025-09-30	Cons.	Net sales
Revenue	¥544m	2024-04-01 → 2025-03-31	Cons.	Net sales (5-year summary)
Revenue	¥258m	2024-04-01 → 2024-09-30	Cons.	Net sales
Revenue	¥564m	2023-04-01 → 2024-03-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥89m	2025-04-01 → 2025-09-30	Cons.	Operating income
Operating income	−¥31m	2024-04-01 → 2024-09-30	Cons.	Operating income
Ordinary income	−¥90m	2025-04-01 → 2025-09-30	Cons.	Ordinary income
Ordinary income	−¥120m	2024-04-01 → 2025-03-31	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥31m	2024-04-01 → 2024-09-30	Cons.	Ordinary income
Ordinary income	¥10m	2023-04-01 → 2024-03-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥90m	2025-04-01 → 2025-09-30	Cons.	Income before income taxes
Profit before tax	−¥27m	2024-04-01 → 2024-09-30	Cons.	Income before income taxes
Net income (owners)	−¥90m	2025-04-01 → 2025-09-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥111m	2024-04-01 → 2025-03-31	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥28m	2024-04-01 → 2024-09-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥4m	2023-04-01 → 2024-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥90m	2025-04-01 → 2025-09-30	Cons.	Profit loss
Net income	−¥28m	2024-04-01 → 2024-09-30	Cons.	Profit loss
Total assets	¥192m	at 2025-09-30	Cons.	Assets
Total assets	¥294m	at 2025-03-31	Cons.	Assets
Total assets	¥208m	at 2024-09-30	Cons.	Total assets (5-year summary)
Total assets	¥259m	at 2024-03-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥273m	at 2025-09-30	Cons.	Liabilities
Total liabilities	¥284m	at 2025-03-31	Cons.	Liabilities
Net assets / equity	−¥81m	at 2025-09-30	Cons.	Net assets
Net assets / equity	¥10m	at 2025-03-31	Cons.	Net assets
Net assets / equity	¥3m	at 2024-09-30	Cons.	Net assets
Net assets / equity	¥31m	at 2024-03-31^d	Cons.	Net assets
Cash and deposits	¥68m	at 2025-09-30	Cons.	Cash and deposits
Cash and deposits	¥149m	at 2025-03-31	Cons.	Cash and deposits
Cash & equivalents	¥68m	at 2025-09-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥149m	at 2025-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥74m	at 2024-09-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥117m	at 2024-03-31^d	Cons.	Cash and cash equivalents
Operating cash flow	−¥69m	2025-04-01 → 2025-09-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥94m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥32m	2024-04-01 → 2024-09-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥36m	2023-04-01 → 2024-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥28,000	2025-04-01 → 2025-09-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥16m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥25m	2024-04-01 → 2024-09-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥9m	2023-04-01 → 2024-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥12m	2025-04-01 → 2025-09-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥141m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥13m	2024-04-01 → 2024-09-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥9m	2023-04-01 → 2024-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-157.31	2025-04-01 → 2025-09-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-235.37	2024-04-01 → 2025-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-61.17	2024-04-01 → 2024-09-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥8.1	2023-04-01 → 2024-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥-140.4	at 2025-09-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥16.91	at 2025-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥5.51	at 2024-09-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥66.67	at 2024-03-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	-41.9%	at 2025-09-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	3.3%	at 2025-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	1.2%	at 2024-09-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	11.9%	at 2024-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Employees	43	at 2025-09-30	Cons.	Number of employees
Employees	43	at 2025-03-31	Cons.	Number of employees
Employees	40	at 2024-09-30	Cons.	Number of employees
Employees	30	at 2024-03-31^d	Cons.	Number of employees
Revenue	¥210m	2025-04-01 → 2025-09-30	Standalone	Net sales
Revenue	¥426m	2024-04-01 → 2025-03-31	Standalone	Net sales (5-year summary)
Revenue	¥204m	2024-04-01 → 2024-09-30	Standalone	Net sales
Revenue	¥451m	2023-04-01 → 2024-03-31^d	Standalone	Net sales (5-year summary)
Revenue	¥209m	2023-04-01 → 2023-09-30^d	Standalone	Net sales (5-year summary)
Operating income	−¥67m	2025-04-01 → 2025-09-30	Standalone	Operating income
Operating income	−¥23m	2024-04-01 → 2024-09-30	Standalone	Operating income
Ordinary income	−¥68m	2025-04-01 → 2025-09-30	Standalone	Ordinary income
Ordinary income	−¥95m	2024-04-01 → 2025-03-31	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥23m	2024-04-01 → 2024-09-30	Standalone	Ordinary income
Ordinary income	−¥7m	2023-04-01 → 2024-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥31m	2023-04-01 → 2023-09-30^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥68m	2025-04-01 → 2025-09-30	Standalone	Income before income taxes
Profit before tax	−¥19m	2024-04-01 → 2024-09-30	Standalone	Income before income taxes
Net income	−¥68m	2025-04-01 → 2025-09-30	Standalone	Profit loss
Net income	−¥92m	2024-04-01 → 2025-03-31	Standalone	Net income loss (5-year summary)
Net income	−¥19m	2024-04-01 → 2024-09-30	Standalone	Profit loss
Net income	−¥10m	2023-04-01 → 2024-03-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥31m	2023-04-01 → 2023-09-30^d	Standalone	Net income loss (5-year summary)
Total assets	¥165m	at 2025-09-30	Standalone	Assets
Total assets	¥242m	at 2025-03-31	Standalone	Assets
Total assets	¥173m	at 2024-09-30	Standalone	Total assets (5-year summary)
Total assets	¥228m	at 2024-03-31^d	Standalone	Total assets (5-year summary)
Total assets	¥195m	at 2023-09-30^d	Standalone	Total assets (5-year summary)
Total liabilities	¥220m	at 2025-09-30	Standalone	Liabilities
Total liabilities	¥229m	at 2025-03-31	Standalone	Liabilities
Net assets / equity	−¥55m	at 2025-09-30	Standalone	Net assets
Net assets / equity	¥13m	at 2025-03-31	Standalone	Net assets
Net assets / equity	−¥4m	at 2024-09-30	Standalone	Net assets
Net assets / equity	¥15m	at 2024-03-31^d	Standalone	Net assets
Net assets / equity	−¥407,000	at 2023-09-30^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥38m	at 2025-09-30	Standalone	Cash and deposits
Cash and deposits	¥104m	at 2025-03-31	Standalone	Cash and deposits
Equity ratio	-33.4%	at 2025-09-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	5.5%	at 2025-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	-2.5%	at 2024-09-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	6.5%	at 2024-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	-0.2%	at 2023-09-30^d	Standalone	Equity to asset ratio (5-year summary)
Shares issued	574,500	at 2025-09-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	574,500	at 2025-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	462,000	at 2024-09-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	462,000	at 2024-03-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	462,000	at 2023-09-30^d	Standalone	Total number of issued shares (5-year summary)
Employees	28	at 2025-09-30	Standalone	Number of employees
Employees	30	at 2025-03-31	Standalone	Number of employees
Employees	29	at 2024-09-30	Standalone	Number of employees
Employees	22	at 2024-03-31^d	Standalone	Number of employees
Employees	19	at 2023-09-30^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 · 681

Item	Context	Value	Unit
Capital stock (5-year summary)	Prior1InterimInstant_NonConsolidatedMember	5450000	JPY
Capital stock (5-year summary)	InterimInstant_NonConsolidatedMember	50450000	JPY
Capital stock (5-year summary)	Prior2YearInstant_NonConsolidatedMember	5450000	JPY
Capital stock (5-year summary)	Prior1YearInstant_NonConsolidatedMember	50450000	JPY
Total number of issued shares (5-year summary)	Prior2InterimInstant_NonConsolidatedMember	462000
Total number of issued shares (5-year summary)	Prior1InterimInstant_NonConsolidatedMember	462000
Total number of issued shares (5-year summary)	InterimInstant_NonConsolidatedMember	574500
Total number of issued shares (5-year summary)	Prior2YearInstant_NonConsolidatedMember	462000
Total number of issued shares (5-year summary)	Prior1YearInstant_NonConsolidatedMember	574500
Net assets (5-year summary)	Prior2InterimInstant_NonConsolidatedMember	-407000	JPY
Net assets (5-year summary)	Prior1InterimInstant_NonConsolidatedMember	-4355000	JPY
Net assets (5-year summary)	InterimInstant_NonConsolidatedMember	-55090000	JPY
Net assets (5-year summary)	Prior2YearInstant_NonConsolidatedMember	14868000	JPY
Net assets (5-year summary)	Prior1YearInstant_NonConsolidatedMember	13305000	JPY
Total assets (5-year summary)	Prior2InterimInstant_NonConsolidatedMember	195118000	JPY
Total assets (5-year summary)	Prior1InterimInstant_NonConsolidatedMember	173335000	JPY
Total assets (5-year summary)	InterimInstant_NonConsolidatedMember	164897000	JPY
Total assets (5-year summary)	Prior2YearInstant_NonConsolidatedMember	227917000	JPY
Total assets (5-year summary)	Prior1YearInstant_NonConsolidatedMember	242276000	JPY
Dividend paid per share (5-year summary)	Prior2InterimDuration_NonConsolidatedMember	－
Dividend paid per share (5-year summary)	Prior1InterimDuration_NonConsolidatedMember	－
Dividend paid per share (5-year summary)	InterimDuration_NonConsolidatedMember	－
Dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	－
Dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	－
Equity to asset ratio (5-year summary)	Prior2InterimInstant_NonConsolidatedMember	-0.0021
Equity to asset ratio (5-year summary)	Prior1InterimInstant_NonConsolidatedMember	-0.0251
Equity to asset ratio (5-year summary)	InterimInstant_NonConsolidatedMember	-0.3341
Equity to asset ratio (5-year summary)	Prior2YearInstant_NonConsolidatedMember	0.0652
Equity to asset ratio (5-year summary)	Prior1YearInstant_NonConsolidatedMember	0.0549
Number of employees	Prior2InterimInstant_NonConsolidatedMember	19
Number of employees	Prior1InterimInstant_NonConsolidatedMember	29
Number of employees	InterimInstant_NonConsolidatedMember	28
Number of employees	Prior2YearInstant_NonConsolidatedMember	22
Number of employees	Prior1YearInstant_NonConsolidatedMember	30
Number of shares held	InterimInstant_No1MajorShareholdersMember	193000
Shareholding ratio	InterimInstant_No1MajorShareholdersMember	0.3359
Number of shares held	InterimInstant_No2MajorShareholdersMember	159300
Shareholding ratio	InterimInstant_No2MajorShareholdersMember	0.2773
Number of shares held	InterimInstant_No3MajorShareholdersMember	102000
Shareholding ratio	InterimInstant_No3MajorShareholdersMember	0.1775
Number of shares held	InterimInstant_No4MajorShareholdersMember	37500
Shareholding ratio	InterimInstant_No4MajorShareholdersMember	0.0653
Number of shares held	InterimInstant_No5MajorShareholdersMember	25000
Shareholding ratio	InterimInstant_No5MajorShareholdersMember	0.0435
Number of shares held	InterimInstant_No6MajorShareholdersMember	12500
Shareholding ratio	InterimInstant_No6MajorShareholdersMember	0.0218
Number of shares held	InterimInstant_No7MajorShareholdersMember	10000
Shareholding ratio	InterimInstant_No7MajorShareholdersMember	0.0174
Number of shares held	InterimInstant_No8MajorShareholdersMember	10000
Shareholding ratio	InterimInstant_No8MajorShareholdersMember	0.0174

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 · 26 of 26 passed

balance sheet identity	consolidated 2025-03-31	pass
balance sheet identity	consolidated 2025-09-30	pass rounding
balance sheet identity	non_consolidated 2025-03-31	pass rounding
balance sheet identity	non_consolidated 2025-09-30	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-03-31	pass
statement vs summary · net assets	consolidated 2024-09-30	pass
statement vs summary · net assets	consolidated 2025-03-31	pass
statement vs summary · net assets	consolidated 2025-09-30	pass
statement vs summary · net assets	non_consolidated 2024-03-31	pass
statement vs summary · net assets	non_consolidated 2024-09-30	pass
statement vs summary · net assets	non_consolidated 2025-03-31	pass
statement vs summary · net assets	non_consolidated 2025-09-30	pass
statement vs summary · net income attributable to parent	consolidated 2024-04-01/2024-09-30	pass
statement vs summary · net income attributable to parent	consolidated 2025-04-01/2025-09-30	pass
statement vs summary · operating cash flow	consolidated 2024-04-01/2024-09-30	pass
statement vs summary · operating cash flow	consolidated 2025-04-01/2025-09-30	pass
statement vs summary · revenue	consolidated 2024-04-01/2024-09-30	pass
statement vs summary · revenue	consolidated 2025-04-01/2025-09-30	pass
statement vs summary · revenue	non_consolidated 2024-04-01/2024-09-30	pass
statement vs summary · revenue	non_consolidated 2025-04-01/2025-09-30	pass
statement vs summary · total assets	consolidated 2025-03-31	pass
statement vs summary · total assets	consolidated 2025-09-30	pass
statement vs summary · total assets	non_consolidated 2025-03-31	pass
statement vs summary · total assets	non_consolidated 2025-09-30	pass