Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-24
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 132
MetricValuePeriodScopeSource row
Revenue¥94.2bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥90.7bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥79.9bn2023-01-01 → 2023-12-31dCons.Revenue IFRS (5-year summary)
Revenue¥62.7bn2022-01-01 → 2022-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥16.7bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥18.4bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥16.0bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥18.0bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Net income (owners)¥11.4bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥13.6bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥10.9bn2023-01-01 → 2023-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥911m2022-01-01 → 2022-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥11.4bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥13.6bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥185.2bnat 2025-12-31Cons.Assets IFRS
Total assets¥177.5bnat 2024-12-31Cons.Assets IFRS
Total assets¥163.1bnat 2023-12-31dCons.Total assets IFRS (5-year summary)
Total assets¥148.5bnat 2022-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥96.8bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥95.8bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥88.4bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥81.8bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥65.3bnat 2023-12-31dCons.Equity IFRS
Equity (owners)¥88.4bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥81.8bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥65.3bnat 2023-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥53.0bnat 2022-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥24.3bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥28.0bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥20.5bnat 2023-12-31dCons.Cash and cash equivalents IFRS
Cash & equivalents¥14.4bnat 2022-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥9.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥14.6bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥11.7bn2023-01-01 → 2023-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥7.4bn2022-01-01 → 2022-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥6.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥6.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥2.4bn2023-01-01 → 2023-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥2.6bn2022-01-01 → 2022-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥6.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥2.4bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥4.0bn2023-01-01 → 2023-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥3.6bn2022-01-01 → 2022-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥50.192025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥60.442024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥48.442023-01-01 → 2023-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥4.062022-01-01 → 2022-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥49.52025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥59.012024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥48.442023-01-01 → 2023-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥4.062022-01-01 → 2022-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥391.01at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥363.02at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥290.09at 2023-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥235.87at 2022-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio47.7%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio46.1%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio40.1%at 2023-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio35.7%at 2022-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE13.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE18.5%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE18.4%2023-01-01 → 2023-12-31dCons.Rate of return on equity IFRS (5-year summary)
ROE1.8%2022-01-01 → 2022-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees1,971at 2025-12-31Cons.Number of employees
Employees1,867at 2024-12-31Cons.Number of employees
Employees1,738at 2023-12-31dCons.Number of employees
Employees1,575at 2022-12-31dCons.Number of employees
Revenue¥6.8bn2025-01-01 → 2025-12-31StandaloneOperating revenue1
Revenue¥6.8bn2024-01-01 → 2024-12-31StandaloneOperating revenue1
Revenue¥4.4bn2023-01-01 → 2023-12-31dStandaloneNet sales (5-year summary)
Revenue¥3.4bn2022-01-01 → 2022-12-31dStandaloneNet sales (5-year summary)
Revenue¥916m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥2.5bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥2.3bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥7.5bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥3.0bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥2.0bn2023-01-01 → 2023-12-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.5bn2022-01-01 → 2022-12-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥4.4bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥7.5bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥3.0bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥7.1bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥2.5bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥2.0bn2023-01-01 → 2023-12-31dStandaloneNet income loss (5-year summary)
Net income−¥4.8bn2022-01-01 → 2022-12-31dStandaloneNet income loss (5-year summary)
Net income−¥3.4bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥115.4bnat 2025-12-31StandaloneAssets
Total assets¥109.5bnat 2024-12-31StandaloneAssets
Total assets¥107.6bnat 2023-12-31dStandaloneTotal assets (5-year summary)
Total assets¥109.0bnat 2022-12-31dStandaloneTotal assets (5-year summary)
Total assets¥117.2bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥61.5bnat 2025-12-31StandaloneLiabilities
Total liabilities¥57.2bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥53.9bnat 2025-12-31StandaloneNet assets
Net assets / equity¥52.3bnat 2024-12-31StandaloneNet assets
Net assets / equity¥49.8bnat 2023-12-31dStandaloneNet assets
Net assets / equity¥47.6bnat 2022-12-31dStandaloneNet assets (5-year summary)
Net assets / equity¥52.2bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥549mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.4bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥31.42025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥11.222024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥8.742023-01-01 → 2023-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-21.352022-01-01 → 2022-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-3,950.842021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥30.972025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥10.952024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
Dividend per share¥18.82025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥32024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Net assets per share¥238.45at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥232.04at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥220.83at 2023-12-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥211.78at 2022-12-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥46,567.29at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio46.7%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio47.7%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio46.2%at 2023-12-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio43.7%at 2022-12-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio44.5%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE13.4%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE5.0%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE4.0%2023-01-01 → 2023-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued230,375,000at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued225,268,600at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,126,343at 2023-12-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,124,564at 2022-12-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,120,683at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees126at 2025-12-31StandaloneNumber of employees
Employees132at 2024-12-31StandaloneNumber of employees
Employees126at 2023-12-31dStandaloneNumber of employees
Employees130at 2022-12-31dStandaloneNumber of employees
Employees126at 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.

All source rows · 1,539
ItemContextValueUnit
Net assetsPrior1YearInstant_NonConsolidatedMember_ShareholdersEquityMember52266000000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_DeferredGainsOrLossesOnHedgesMember-JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember-JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember16000000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember52283000000JPY
Dividends from surplusCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember-675000000JPY
Dividends from surplusCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember-675000000JPY
Dividends from surplusCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-2831000000JPY
Dividends from surplusCurrentYearDuration_NonConsolidatedMember-2831000000JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember-JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember-JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember-JPY
Exercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember1328000000JPY
Exercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember1328000000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember7133000000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember7133000000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember7133000000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember7133000000JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember-JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember_TreasuryStockMember-3999000000JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-3999000000JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember-3999000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember-JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember_DeferredGainsOrLossesOnHedgesMember9000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember9000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember-12000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonConsolidatedMember-3000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember6458000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember6458000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_TreasuryStockMember-3999000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember1630000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_DeferredGainsOrLossesOnHedgesMember9000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember9000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember-12000000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember1626000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember8984000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember8984000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_TreasuryStockMember-4004000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_ShareholdersEquityMember53897000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_DeferredGainsOrLossesOnHedgesMember9000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember9000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember3000000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember53910000000JPY
Salaries and allowances sgaPrior1YearDuration_NonConsolidatedMember905000000JPY
Salaries and allowances sgaCurrentYearDuration_NonConsolidatedMember892000000JPY
Commission fee sgaPrior1YearDuration_NonConsolidatedMember919000000JPY
Commission fee sgaCurrentYearDuration_NonConsolidatedMember586000000JPY
Bonuses sgaPrior1YearDuration_NonConsolidatedMember405000000JPY

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 · 21 of 21 passed
balance sheet identityconsolidated 2024-12-31pass rounding
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
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