Annual report

Period2025-03-01 → 2026-02-28

Filed2026-05-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 141

Metric	Value	Period	Scope	Source row
Revenue	¥87.1bn	2025-03-01 → 2026-02-28	Cons.	Net sales
Revenue	¥83.4bn	2024-03-01 → 2025-02-28	Cons.	Net sales
Revenue	¥80.4bn	2023-03-01 → 2024-02-29^v	Cons.	Net sales (5-year summary)
Revenue	¥93.2bn	2022-03-01 → 2023-02-28^d	Cons.	Net sales (5-year summary)
Revenue	¥73.1bn	2021-03-01 → 2022-02-28	Cons.	Net sales (5-year summary)
Operating income	¥1.5bn	2025-03-01 → 2026-02-28	Cons.	Operating income
Operating income	¥849m	2024-03-01 → 2025-02-28	Cons.	Operating income
Ordinary income	¥1.5bn	2025-03-01 → 2026-02-28	Cons.	Ordinary income
Ordinary income	¥910m	2024-03-01 → 2025-02-28	Cons.	Ordinary income
Ordinary income	¥296m	2023-03-01 → 2024-02-29^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥633m	2022-03-01 → 2023-02-28^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.0bn	2021-03-01 → 2022-02-28	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥1.0bn	2025-03-01 → 2026-02-28	Cons.	Income before income taxes
Profit before tax	¥319m	2024-03-01 → 2025-02-28	Cons.	Income before income taxes
Net income (owners)	¥446m	2025-03-01 → 2026-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥163m	2024-03-01 → 2025-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥1.2bn	2023-03-01 → 2024-02-29^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥343m	2022-03-01 → 2023-02-28^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥194m	2021-03-01 → 2022-02-28	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥446m	2025-03-01 → 2026-02-28	Cons.	Profit loss
Net income	−¥163m	2024-03-01 → 2025-02-28	Cons.	Profit loss
Total assets	¥33.0bn	at 2026-02-28	Cons.	Assets
Total assets	¥29.4bn	at 2025-02-28	Cons.	Assets
Total assets	¥29.1bn	at 2024-02-29^v	Cons.	Total assets (5-year summary)
Total assets	¥28.2bn	at 2023-02-28^v	Cons.	Total assets (5-year summary)
Total assets	¥28.0bn	at 2022-02-28	Cons.	Total assets (5-year summary)
Total liabilities	¥22.5bn	at 2026-02-28	Cons.	Liabilities
Total liabilities	¥19.0bn	at 2025-02-28	Cons.	Liabilities
Net assets / equity	¥10.5bn	at 2026-02-28	Cons.	Net assets
Net assets / equity	¥10.4bn	at 2025-02-28	Cons.	Net assets
Net assets / equity	¥10.7bn	at 2024-02-29^v	Cons.	Net assets
Net assets / equity	¥12.1bn	at 2023-02-28^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥12.5bn	at 2022-02-28	Cons.	Net assets (5-year summary)
Cash and deposits	¥4.6bn	at 2026-02-28	Cons.	Cash and deposits
Cash and deposits	¥2.0bn	at 2025-02-28	Cons.	Cash and deposits
Cash & equivalents	¥4.6bn	at 2026-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2025-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2024-02-29^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.0bn	at 2023-02-28^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.2bn	at 2022-02-28	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥4.4bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.9bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥899m	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥906m	2022-03-01 → 2023-02-28^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.2bn	2021-03-01 → 2022-02-28	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥2.2bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.5bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.1bn	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.5bn	2022-03-01 → 2023-02-28^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥2.0bn	2021-03-01 → 2022-02-28	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥386m	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥173m	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥2.7bn	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥519m	2022-03-01 → 2023-02-28^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥272m	2021-03-01 → 2022-02-28	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥27.89	2025-03-01 → 2026-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-10.23	2024-03-01 → 2025-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-72.98	2023-03-01 → 2024-02-29^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-21.53	2022-03-01 → 2023-02-28^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥12.21	2021-03-01 → 2022-02-28	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥658.31	at 2026-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥651.39	at 2025-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥668.32	at 2024-02-29^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥757.28	at 2023-02-28^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥783.96	at 2022-02-28	Cons.	Net assets per share (5-year summary)
Equity ratio	31.9%	at 2026-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	35.5%	at 2025-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	36.6%	at 2024-02-29^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	42.9%	at 2023-02-28^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	44.6%	at 2022-02-28	Cons.	Equity to asset ratio (5-year summary)
ROE	4.2%	2025-03-01 → 2026-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	1.6%	2021-03-01 → 2022-02-28	Cons.	Rate of return on equity (5-year summary)
Employees	559	at 2026-02-28	Cons.	Number of employees
Employees	573	at 2025-02-28	Cons.	Number of employees
Employees	590	at 2024-02-29^v	Cons.	Number of employees
Employees	592	at 2023-02-28^v	Cons.	Number of employees
Employees	600	at 2022-02-28	Cons.	Number of employees
Revenue	¥86.2bn	2025-03-01 → 2026-02-28	Standalone	Net sales
Revenue	¥82.7bn	2024-03-01 → 2025-02-28	Standalone	Net sales
Revenue	¥80.0bn	2023-03-01 → 2024-02-29^v	Standalone	Net sales (5-year summary)
Revenue	¥93.0bn	2022-03-01 → 2023-02-28^d	Standalone	Net sales (5-year summary)
Revenue	¥73.0bn	2021-03-01 → 2022-02-28	Standalone	Net sales (5-year summary)
Operating income	¥1.3bn	2025-03-01 → 2026-02-28	Standalone	Operating income
Operating income	¥765m	2024-03-01 → 2025-02-28	Standalone	Operating income
Ordinary income	¥1.3bn	2025-03-01 → 2026-02-28	Standalone	Ordinary income
Ordinary income	¥771m	2024-03-01 → 2025-02-28	Standalone	Ordinary income
Ordinary income	¥147m	2023-03-01 → 2024-02-29^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥560m	2022-03-01 → 2023-02-28^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥693m	2021-03-01 → 2022-02-28	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥734m	2025-03-01 → 2026-02-28	Standalone	Income before income taxes
Profit before tax	¥180m	2024-03-01 → 2025-02-28	Standalone	Income before income taxes
Net income	¥239m	2025-03-01 → 2026-02-28	Standalone	Profit loss
Net income	−¥253m	2024-03-01 → 2025-02-28	Standalone	Profit loss
Net income	−¥1.3bn	2023-03-01 → 2024-02-29^v	Standalone	Net income loss (5-year summary)
Net income	−¥369m	2022-03-01 → 2023-02-28^d	Standalone	Net income loss (5-year summary)
Net income	−¥39m	2021-03-01 → 2022-02-28	Standalone	Net income loss (5-year summary)
Total assets	¥31.8bn	at 2026-02-28	Standalone	Assets
Total assets	¥28.2bn	at 2025-02-28	Standalone	Assets
Total assets	¥28.0bn	at 2024-02-29^v	Standalone	Total assets (5-year summary)
Total assets	¥27.3bn	at 2023-02-28^v	Standalone	Total assets (5-year summary)
Total assets	¥27.3bn	at 2022-02-28	Standalone	Total assets (5-year summary)
Total liabilities	¥22.2bn	at 2026-02-28	Standalone	Liabilities
Total liabilities	¥18.6bn	at 2025-02-28	Standalone	Liabilities
Net assets / equity	¥9.5bn	at 2026-02-28	Standalone	Net assets
Net assets / equity	¥9.6bn	at 2025-02-28	Standalone	Net assets
Net assets / equity	¥10.0bn	at 2024-02-29^v	Standalone	Net assets
Net assets / equity	¥11.6bn	at 2023-02-28^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥12.2bn	at 2022-02-28	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.5bn	at 2026-02-28	Standalone	Cash and deposits
Cash and deposits	¥1.6bn	at 2025-02-28	Standalone	Cash and deposits
EPS (basic)	¥14.94	2025-03-01 → 2026-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-15.83	2024-03-01 → 2025-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-82.15	2023-03-01 → 2024-02-29^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-23.11	2022-03-01 → 2023-02-28^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-2.49	2021-03-01 → 2022-02-28	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥17	2025-03-01 → 2026-02-28	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2024-03-01 → 2025-02-28	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2023-03-01 → 2024-02-29^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2022-03-01 → 2023-02-28^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥17	2021-03-01 → 2022-02-28	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥596.53	at 2026-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥597.55	at 2025-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥628.24	at 2024-02-29^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥725.44	at 2023-02-28^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥764.64	at 2022-02-28	Standalone	Net assets per share (5-year summary)
Equity ratio	30.0%	at 2026-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.9%	at 2025-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	35.8%	at 2024-02-29^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	42.5%	at 2023-02-28^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	44.7%	at 2022-02-28	Standalone	Equity to asset ratio (5-year summary)
ROE	2.5%	2025-03-01 → 2026-02-28	Standalone	Rate of return on equity (5-year summary)
Shares issued	16,770,200	at 2026-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	16,770,200	at 2025-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	16,770,200	at 2024-02-29^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	16,770,200	at 2023-02-28^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	16,770,200	at 2022-02-28	Standalone	Total number of issued shares (5-year summary)
Employees	537	at 2026-02-28	Standalone	Number of employees
Employees	552	at 2025-02-28	Standalone	Number of employees
Employees	570	at 2024-02-29^v	Standalone	Number of employees
Employees	574	at 2023-02-28^v	Standalone	Number of employees
Employees	586	at 2022-02-28	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 · 1,405

Item	Context	Value	Unit
Total assets (5-year summary)	Prior2YearInstant	29143000000	JPY
Total assets (5-year summary)	Prior1YearInstant	29376000000	JPY
Total assets (5-year summary)	CurrentYearInstant	32993000000	JPY
Net assets per share (5-year summary)	Prior4YearInstant	783.96
Net assets per share (5-year summary)	Prior3YearInstant	757.28
Net assets per share (5-year summary)	Prior2YearInstant	668.32
Net assets per share (5-year summary)	Prior1YearInstant	651.39
Net assets per share (5-year summary)	CurrentYearInstant	658.31
Basic earnings loss per share (5-year summary)	Prior4YearDuration	12.21
Basic earnings loss per share (5-year summary)	Prior3YearDuration	-21.53
Basic earnings loss per share (5-year summary)	Prior2YearDuration	-72.98
Basic earnings loss per share (5-year summary)	Prior1YearDuration	-10.23
Basic earnings loss per share (5-year summary)	CurrentYearDuration	27.89
Diluted earnings per share (5-year summary)	Prior4YearDuration	－
Diluted earnings per share (5-year summary)	Prior3YearDuration	－
Diluted earnings per share (5-year summary)	Prior2YearDuration	－
Diluted earnings per share (5-year summary)	Prior1YearDuration	－
Diluted earnings per share (5-year summary)	CurrentYearDuration	－
Equity to asset ratio (5-year summary)	Prior4YearInstant	0.446
Equity to asset ratio (5-year summary)	Prior3YearInstant	0.429
Equity to asset ratio (5-year summary)	Prior2YearInstant	0.366
Equity to asset ratio (5-year summary)	Prior1YearInstant	0.355
Equity to asset ratio (5-year summary)	CurrentYearInstant	0.319
Rate of return on equity (5-year summary)	Prior4YearDuration	0.016
Rate of return on equity (5-year summary)	Prior3YearDuration	－
Rate of return on equity (5-year summary)	Prior2YearDuration	－
Rate of return on equity (5-year summary)	Prior1YearDuration	－
Rate of return on equity (5-year summary)	CurrentYearDuration	0.042
Price earnings ratio (5-year summary)	Prior4YearDuration	189.6
Price earnings ratio (5-year summary)	Prior3YearDuration	－
Price earnings ratio (5-year summary)	Prior2YearDuration	－
Price earnings ratio (5-year summary)	Prior1YearDuration	－
Price earnings ratio (5-year summary)	CurrentYearDuration	124.2
Net cash provided by used in operating activities (5-year summary)	Prior4YearDuration	1172000000	JPY
Net cash provided by used in operating activities (5-year summary)	Prior3YearDuration	906000000	JPY
Net cash provided by used in operating activities (5-year summary)	Prior2YearDuration	-899000000	JPY
Net cash provided by used in operating activities (5-year summary)	Prior1YearDuration	1885000000	JPY
Net cash provided by used in operating activities (5-year summary)	CurrentYearDuration	4386000000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior4YearDuration	-2023000000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior3YearDuration	-1536000000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior2YearDuration	-2112000000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior1YearDuration	-2509000000	JPY
Net cash provided by used in investing activities (5-year summary)	CurrentYearDuration	-2165000000	JPY
Net cash provided by used in financing activities (5-year summary)	Prior4YearDuration	-272000000	JPY
Net cash provided by used in financing activities (5-year summary)	Prior3YearDuration	519000000	JPY
Net cash provided by used in financing activities (5-year summary)	Prior2YearDuration	2721000000	JPY
Net cash provided by used in financing activities (5-year summary)	Prior1YearDuration	-173000000	JPY
Net cash provided by used in financing activities (5-year summary)	CurrentYearDuration	386000000	JPY
Cash and cash equivalents (5-year summary)	Prior4YearInstant	3159000000	JPY
Cash and cash equivalents (5-year summary)	Prior3YearInstant	3050000000	JPY

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 2025-02-28	pass
balance sheet identity	consolidated 2026-02-28	pass rounding
balance sheet identity	non_consolidated 2025-02-28	pass rounding
balance sheet identity	non_consolidated 2026-02-28	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-02-29	pass
statement vs summary · net assets	consolidated 2025-02-28	pass
statement vs summary · net assets	consolidated 2026-02-28	pass
statement vs summary · net assets	non_consolidated 2024-02-29	pass
statement vs summary · net assets	non_consolidated 2025-02-28	pass
statement vs summary · net assets	non_consolidated 2026-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · operating cash flow	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · operating cash flow	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	non_consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	non_consolidated 2025-03-01/2026-02-28	pass
statement vs summary · total assets	consolidated 2025-02-28	pass
statement vs summary · total assets	consolidated 2026-02-28	pass
statement vs summary · total assets	non_consolidated 2025-02-28	pass
statement vs summary · total assets	non_consolidated 2026-02-28	pass