Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 140
MetricValuePeriodScopeSource row
Revenue¥31.9bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥31.3bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥29.8bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥26.5bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥25.5bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Operating income¥725m2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.2bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥596m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.0bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥296m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥722m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.8bn2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥233m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥655m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥90m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥459m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥706m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥3.4bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥489m2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥90m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥460m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥24.4bnat 2025-12-31Cons.Assets
Total assets¥26.3bnat 2024-12-31Cons.Assets
Total assets¥20.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥21.5bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥26.8bnat 2021-12-31vCons.Total assets (5-year summary)
Total liabilities¥15.7bnat 2025-12-31Cons.Liabilities
Total liabilities¥17.7bnat 2024-12-31Cons.Liabilities
Net assets / equity¥8.7bnat 2025-12-31Cons.Net assets
Net assets / equity¥8.6bnat 2024-12-31Cons.Net assets
Net assets / equity¥1.4bnat 2023-12-31vCons.Net assets
Net assets / equity¥580mat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥3.9bnat 2021-12-31vCons.Net assets (5-year summary)
Cash and deposits¥8.0bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥12.7bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥7.6bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥12.4bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥6.1bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥5.6bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥7.9bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥980m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.7bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥824m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.0bn2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥3.8bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥732m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥587m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥807m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥264m2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥2.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥4.9bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥753m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥2.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥2.3bn2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥1.762025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥10.032024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-15.712023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-77.212022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-11.232021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥169.3at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥167.3at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥31.14at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥12.89at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥89.04at 2021-12-31vCons.Net assets per share (5-year summary)
Equity ratio35.5%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio32.6%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio7.0%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio2.6%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio14.6%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
ROE1.0%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE9.2%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
Employees600at 2025-12-31Cons.Number of employees
Employees452at 2024-12-31Cons.Number of employees
Employees411at 2023-12-31vCons.Number of employees
Employees445at 2022-12-31vCons.Number of employees
Employees498at 2021-12-31vCons.Number of employees
Revenue¥2.3bn2025-01-01 → 2025-12-31StandaloneOperating revenue2
Revenue¥2.3bn2024-01-01 → 2024-12-31StandaloneOperating revenue2
Revenue¥2.3bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥2.4bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥2.7bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Operating income−¥199m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥108m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥121m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥182m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥100m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥191m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥357m2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥300m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥514m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥297m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥528m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥403m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥2.8bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥213m2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Total assets¥23.3bnat 2025-12-31StandaloneAssets
Total assets¥24.8bnat 2024-12-31StandaloneAssets
Total assets¥19.0bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥20.1bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥24.9bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total liabilities¥11.8bnat 2025-12-31StandaloneLiabilities
Total liabilities¥13.6bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥11.5bnat 2025-12-31StandaloneNet assets
Net assets / equity¥11.2bnat 2024-12-31StandaloneNet assets
Net assets / equity¥4.0bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥2.9bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥5.6bnat 2021-12-31vStandaloneNet assets (5-year summary)
Cash and deposits¥4.7bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥8.3bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥5.82025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥11.552024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-8.972023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-62.772022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-4.92021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥32025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥22024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥2.52021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥224.77at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥218.95at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥88.39at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥65.15at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥127.39at 2021-12-31vStandaloneNet assets per share (5-year summary)
Equity ratio49.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio45.2%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio21.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio14.3%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio22.5%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
ROE2.6%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE6.9%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
Shares issued51,267,537at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued51,241,921at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued45,337,860at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued44,837,860at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued44,639,860at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Employees27at 2025-12-31StandaloneNumber of employees
Employees24at 2024-12-31StandaloneNumber of employees
Employees27at 2023-12-31vStandaloneNumber of employees
Employees32at 2022-12-31vStandaloneNumber of employees
Employees33at 2021-12-31vStandaloneNumber 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 · 45
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-01-01 → 2025-12-31¥66m
Reconciling Itemsreconcilingdepreciation2025-01-01 → 2025-12-31¥75m
Reconciling Itemsreconcilingsegment assetsat 2025-12-31¥14.1bn
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥3.4bn
Franchise Businessreportable segmentcapex2025-01-01 → 2025-12-31¥37m
Franchise Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥1m
Franchise Businessreportable segmentemployeesat 2025-12-314 pure
Franchise Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥1.6bn
Franchise Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥1.6bn
Franchise Businessreportable segmentsegment assetsat 2025-12-31¥452m
Franchise Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥1.2bn
The Business Directly Operatedreportable segmentcapex2025-01-01 → 2025-12-31¥912m
The Business Directly Operatedreportable segmentdepreciation2025-01-01 → 2025-12-31¥478m
The Business Directly Operatedreportable segmentemployeesat 2025-12-31524 pure
The Business Directly Operatedreportable segmentrevenue2025-01-01 → 2025-12-31¥30.3bn
The Business Directly Operatedreportable segmentrevenue external2025-01-01 → 2025-12-31¥30.3bn
The Business Directly Operatedreportable segmentsegment assetsat 2025-12-31¥9.9bn
The Business Directly Operatedreportable segmentsegment profit2025-01-01 → 2025-12-31¥3.0bn
Total Of Reportable Segments And Otherssegment totalcapex2025-01-01 → 2025-12-31¥949m
Total Of Reportable Segments And Otherssegment totaldepreciation2025-01-01 → 2025-12-31¥479m
Total Of Reportable Segments And Otherssegment totalrevenue2025-01-01 → 2025-12-31¥31.9bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-01-01 → 2025-12-31¥31.9bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-12-31¥10.3bn
Total Of Reportable Segments And Otherssegment totalsegment profit2025-01-01 → 2025-12-31¥4.2bn
Reconciling Itemsreconcilingcapex2024-01-01 → 2024-12-31¥18m
Reconciling Itemsreconcilingdepreciation2024-01-01 → 2024-12-31¥75m
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥15.9bn
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥3.0bn
Franchise Businessreportable segmentcapex2024-01-01 → 2024-12-31¥33m
Franchise Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥1.7bn
Franchise Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥1.7bn
Franchise Businessreportable segmentsegment assetsat 2024-12-31¥678m
Franchise Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥1.1bn
The Business Directly Operatedreportable segmentcapex2024-01-01 → 2024-12-31¥683m
The Business Directly Operatedreportable segmentdepreciation2024-01-01 → 2024-12-31¥477m
The Business Directly Operatedreportable segmentrevenue2024-01-01 → 2024-12-31¥29.7bn
The Business Directly Operatedreportable segmentrevenue external2024-01-01 → 2024-12-31¥29.7bn
The Business Directly Operatedreportable segmentsegment assetsat 2024-12-31¥9.7bn
The Business Directly Operatedreportable segmentsegment profit2024-01-01 → 2024-12-31¥3.1bn
Total Of Reportable Segments And Otherssegment totalcapex2024-01-01 → 2024-12-31¥717m
Total Of Reportable Segments And Otherssegment totaldepreciation2024-01-01 → 2024-12-31¥477m
Total Of Reportable Segments And Otherssegment totalrevenue2024-01-01 → 2024-12-31¥31.3bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-01-01 → 2024-12-31¥31.3bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2024-12-31¥10.4bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-01-01 → 2024-12-31¥4.2bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,754
ItemContextValueUnit
Cash and cash equivalents (5-year summary)Prior4YearInstant7887000000JPY
Cash and cash equivalents (5-year summary)Prior3YearInstant5587000000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant6094000000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant12418000000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant7616000000JPY
Number of employeesPrior4YearInstant498
Number of employeesPrior3YearInstant445
Number of employeesPrior2YearInstant411
Number of employeesPrior1YearInstant452
Number of employeesCurrentYearInstant600
Average number of temporary workersPrior4YearInstant2382
Average number of temporary workersPrior3YearInstant2185
Average number of temporary workersPrior2YearInstant2375
Average number of temporary workersPrior1YearInstant2143
Average number of temporary workersCurrentYearInstant2042
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember2695000000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember2368000000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember2318000000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember2312000000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember2315000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember357000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember191000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember100000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember182000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember121000000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-213000000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-2766000000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember-403000000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember528000000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember297000000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember2231000000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember2297000000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember2627000000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember5956000000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember5971000000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember44639860
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember44837860
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember45337860
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember51241921
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember51267537
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember5610000000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember2887000000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember4022000000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember11219000000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember11523000000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember24906000000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember20149000000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember19042000000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember24834000000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember23296000000JPY

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