Annual report

Period2024-02-21 → 2025-02-20

Filed2025-05-16

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 143

Metric	Value	Period	Scope	Source row
Revenue	¥15.0bn	2024-02-21 → 2025-02-20	Cons.	Net sales
Revenue	¥15.9bn	2023-02-21 → 2024-02-20	Cons.	Net sales
Revenue	¥17.5bn	2022-02-21 → 2023-02-20^d	Cons.	Net sales (5-year summary)
Revenue	¥17.9bn	2021-02-21 → 2022-02-20^d	Cons.	Net sales (5-year summary)
Revenue	¥18.3bn	2020-02-21 → 2021-02-20^d	Cons.	Net sales (5-year summary)
Operating income	¥215m	2024-02-21 → 2025-02-20	Cons.	Operating income
Operating income	¥362m	2023-02-21 → 2024-02-20	Cons.	Operating income
Ordinary income	¥163m	2024-02-21 → 2025-02-20	Cons.	Ordinary income
Ordinary income	¥336m	2023-02-21 → 2024-02-20	Cons.	Ordinary income
Ordinary income	¥580m	2022-02-21 → 2023-02-20^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥675m	2021-02-21 → 2022-02-20^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥1.3bn	2020-02-21 → 2021-02-20^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥39m	2024-02-21 → 2025-02-20	Cons.	Income before income taxes
Profit before tax	¥450m	2023-02-21 → 2024-02-20	Cons.	Income before income taxes
Net income (owners)	−¥48m	2024-02-21 → 2025-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥412m	2023-02-21 → 2024-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥562m	2022-02-21 → 2023-02-20^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.4bn	2021-02-21 → 2022-02-20^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.9bn	2020-02-21 → 2021-02-20^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥48m	2024-02-21 → 2025-02-20	Cons.	Profit loss
Net income	¥412m	2023-02-21 → 2024-02-20	Cons.	Profit loss
Total assets	¥7.0bn	at 2025-02-20	Cons.	Assets
Total assets	¥8.4bn	at 2024-02-20	Cons.	Assets
Total assets	¥8.8bn	at 2023-02-20^d	Cons.	Total assets (5-year summary)
Total assets	¥9.2bn	at 2022-02-20^d	Cons.	Total assets (5-year summary)
Total assets	¥10.0bn	at 2021-02-20^d	Cons.	Total assets (5-year summary)
Total liabilities	¥5.4bn	at 2025-02-20	Cons.	Liabilities
Total liabilities	¥6.8bn	at 2024-02-20	Cons.	Liabilities
Net assets / equity	¥1.6bn	at 2025-02-20	Cons.	Net assets
Net assets / equity	¥1.6bn	at 2024-02-20	Cons.	Net assets
Net assets / equity	¥1.2bn	at 2023-02-20^d	Cons.	Net assets
Net assets / equity	¥418m	at 2022-02-20^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.8bn	at 2021-02-20^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.0bn	at 2025-02-20	Cons.	Cash and deposits
Cash and deposits	¥2.9bn	at 2024-02-20	Cons.	Cash and deposits
Cash & equivalents	¥2.0bn	at 2025-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.9bn	at 2024-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.0bn	at 2023-02-20^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.2bn	at 2022-02-20^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.1bn	at 2021-02-20^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥363m	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥566m	2023-02-21 → 2024-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥207m	2022-02-21 → 2023-02-20^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥159m	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.2bn	2020-02-21 → 2021-02-20^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥219m	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥81m	2023-02-21 → 2024-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥363m	2022-02-21 → 2023-02-20^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥107m	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥77m	2020-02-21 → 2021-02-20^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥1.0bn	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥585m	2023-02-21 → 2024-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥265m	2022-02-21 → 2023-02-20^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥125m	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥971m	2020-02-21 → 2021-02-20^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-3.96	2024-02-21 → 2025-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥34.24	2023-02-21 → 2024-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥46.82	2022-02-21 → 2023-02-20^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-116.88	2021-02-21 → 2022-02-20^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-157	2020-02-21 → 2021-02-20^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥28.36	2023-02-21 → 2024-02-20	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥41.13	2022-02-21 → 2023-02-20^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥107.07	at 2025-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥112.24	at 2024-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥79.22	at 2023-02-20^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥32.07	at 2022-02-20^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥148.61	at 2021-02-20^d	Cons.	Net assets per share (5-year summary)
Equity ratio	22.4%	at 2025-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	19.3%	at 2024-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	14.1%	at 2023-02-20^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	4.2%	at 2022-02-20^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	17.7%	at 2021-02-20^d	Cons.	Equity to asset ratio (5-year summary)
ROE	28.8%	2023-02-21 → 2024-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	69.6%	2022-02-21 → 2023-02-20^d	Cons.	Rate of return on equity (5-year summary)
Employees	127	at 2025-02-20	Cons.	Number of employees
Employees	135	at 2024-02-20	Cons.	Number of employees
Employees	135	at 2023-02-20^d	Cons.	Number of employees
Employees	154	at 2022-02-20^d	Cons.	Number of employees
Employees	160	at 2021-02-20^d	Cons.	Number of employees
Revenue	¥3.0bn	2024-02-21 → 2025-02-20	Standalone	Operating revenue2
Revenue	¥3.2bn	2023-02-21 → 2024-02-20	Standalone	Operating revenue2
Revenue	¥3.7bn	2022-02-21 → 2023-02-20^d	Standalone	Operating revenue2 (5-year summary)
Revenue	¥3.9bn	2021-02-21 → 2022-02-20^d	Standalone	Operating revenue2 (5-year summary)
Revenue	¥4.4bn	2020-02-21 → 2021-02-20^d	Standalone	Operating revenue2 (5-year summary)
Operating income	¥379m	2024-02-21 → 2025-02-20	Standalone	Operating income
Operating income	¥419m	2023-02-21 → 2024-02-20	Standalone	Operating income
Ordinary income	¥13m	2024-02-21 → 2025-02-20	Standalone	Ordinary income
Ordinary income	¥381m	2023-02-21 → 2024-02-20	Standalone	Ordinary income
Ordinary income	¥566m	2022-02-21 → 2023-02-20^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥998m	2021-02-21 → 2022-02-20^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥626m	2020-02-21 → 2021-02-20^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥2m	2024-02-21 → 2025-02-20	Standalone	Income before income taxes
Profit before tax	¥338m	2023-02-21 → 2024-02-20	Standalone	Income before income taxes
Net income	−¥44m	2024-02-21 → 2025-02-20	Standalone	Profit loss
Net income	¥416m	2023-02-21 → 2024-02-20	Standalone	Profit loss
Net income	¥593m	2022-02-21 → 2023-02-20^d	Standalone	Net income loss (5-year summary)
Net income	−¥3.4bn	2021-02-21 → 2022-02-20^d	Standalone	Net income loss (5-year summary)
Net income	¥180m	2020-02-21 → 2021-02-20^d	Standalone	Net income loss (5-year summary)
Total assets	¥5.9bn	at 2025-02-20	Standalone	Assets
Total assets	¥7.2bn	at 2024-02-20	Standalone	Assets
Total assets	¥7.1bn	at 2023-02-20^d	Standalone	Total assets (5-year summary)
Total assets	¥7.4bn	at 2022-02-20^d	Standalone	Total assets (5-year summary)
Total assets	¥9.1bn	at 2021-02-20^d	Standalone	Total assets (5-year summary)
Total liabilities	¥4.3bn	at 2025-02-20	Standalone	Liabilities
Total liabilities	¥5.6bn	at 2024-02-20	Standalone	Liabilities
Net assets / equity	¥1.6bn	at 2025-02-20	Standalone	Net assets
Net assets / equity	¥1.7bn	at 2024-02-20	Standalone	Net assets
Net assets / equity	¥1.3bn	at 2023-02-20^d	Standalone	Net assets
Net assets / equity	¥398m	at 2022-02-20^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥3.8bn	at 2021-02-20^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.5bn	at 2025-02-20	Standalone	Cash and deposits
Cash and deposits	¥2.4bn	at 2024-02-20	Standalone	Cash and deposits
EPS (basic)	¥-3.64	2024-02-21 → 2025-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥34.57	2023-02-21 → 2024-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥49.43	2022-02-21 → 2023-02-20^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-286.35	2021-02-21 → 2022-02-20^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥15.01	2020-02-21 → 2021-02-20^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥28.63	2023-02-21 → 2024-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥43.43	2022-02-21 → 2023-02-20^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥14.84	2020-02-21 → 2021-02-20^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥108.66	at 2025-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥113.52	at 2024-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥80.16	at 2023-02-20^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥30.4	at 2022-02-20^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥316.59	at 2021-02-20^d	Standalone	Net assets per share (5-year summary)
Equity ratio	26.9%	at 2025-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	22.8%	at 2024-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	17.5%	at 2023-02-20^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	4.9%	at 2022-02-20^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	41.5%	at 2021-02-20^d	Standalone	Equity to asset ratio (5-year summary)
ROE	28.8%	2023-02-21 → 2024-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	73.9%	2022-02-21 → 2023-02-20^d	Standalone	Rate of return on equity (5-year summary)
ROE	4.8%	2020-02-21 → 2021-02-20^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	12,051,384	at 2025-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,051,384	at 2024-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,051,384	at 2023-02-20^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,051,384	at 2022-02-20^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,051,384	at 2021-02-20^d	Standalone	Total number of issued shares (5-year summary)
Employees	20	at 2025-02-20	Standalone	Number of employees
Employees	18	at 2024-02-20	Standalone	Number of employees
Employees	15	at 2023-02-20^d	Standalone	Number of employees
Employees	15	at 2022-02-20^d	Standalone	Number of employees
Employees	16	at 2021-02-20^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.

Segments · 2

Segment	Item	Period	Value
CONSOLDATEDTOTALORCOMPANYWIDETOTALreportable segment	employees	at 2025-02-20	127 pure
Retail Businessreportable segment	employees	at 2025-02-20	102 pure

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

All source rows · 1,308

Item	Context	Value
Address major shareholders voting rights	CurrentYearInstant_No10MajorShareholdersVotingRightsMember	Original text (Japanese) 東京都千代田区大手町１丁目９番７号大手町フィナンシャルシティサウスタワー
Issued shares voting rights (text)	FilingDateInstant	Text · Plus
Description issued shares voting rights	CurrentYearInstant_jpcrp030000-asr_E03415-000ClassAPreferredSharesSharesWithNoVotingRightsMember	Original text (Japanese) Ａ種優先株式の内容は「（１）株式の総数等　②発行済株式（注）」に記載のとおりです。
Description issued shares voting rights	CurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember	－
Description issued shares voting rights	CurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember	－
Description issued shares voting rights	CurrentYearInstant_OrdinarySharesTreasurySharesSharesWithFullVotingRightsTreasurySharesEtcMember	－
Description issued shares voting rights	CurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember	－
Description issued shares voting rights	CurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember	Original text (Japanese) １単元（100株）未満の株式
Treasury shares etc (text)	FilingDateInstant	Text · Plus
Name of shareholder treasury shares etc	CurrentYearInstant_Row1Member	Original text (Japanese) パレモ・ホールディングス株式会社
Address of shareholder treasury shares etc	CurrentYearInstant_Row1Member	Original text (Japanese) 名古屋市中村区名駅五丁目27番13号名駅錦橋ビル６階
Classes of shares etc (text)	FilingDateInstant	Text · Plus
Acquisitions by resolution of shareholders meeting (text)	FilingDateInstant	Text · Plus
Acquisitions by resolution of board of directors meeting (text)	FilingDateInstant	Text · Plus
Acquisitions not based on resolution of shareholders meeting or board of directors meeting (text)	FilingDateInstant	Text · Plus
Disposals or holding of acquired treasury shares (text)	FilingDateInstant	Text · Plus
Dividend policy (text)	FilingDateInstant	Text · Plus
Date of resolution class a preferred shares dividends of surplus	FilingDateInstant_Row2Member	2025-05-15
Resolution class a preferred shares dividends of surplus	FilingDateInstant_Row3Member	Original text (Japanese) 株主総会
Overview of corporate governance (text)	FilingDateInstant	Text · Plus
Corporate governance company with corporate auditors (text)	FilingDateInstant	Text · Plus
Information about officers (text)	FilingDateInstant	Text · Plus
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000KousaiMasahiroMember	Original text (Japanese) 代表取締役社長
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000KousaiMasahiroMember	Original text (Japanese) 香西　雅弘
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000KousaiMasahiroMember	1964-01-30
Career summary information about directors and corporate auditors (text)	FilingDateInstant_jpcrp030000-asr_E03415-000KousaiMasahiroMember	Text · Plus
Term of office information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000KousaiMasahiroMember	Original text (Japanese) (注)３
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000MasudaYoshitakaMember	Original text (Japanese) 取締役社長室長
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000MasudaYoshitakaMember	Original text (Japanese) 増田　仁敬
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000MasudaYoshitakaMember	1965-02-26
Career summary information about directors and corporate auditors (text)	FilingDateInstant_jpcrp030000-asr_E03415-000MasudaYoshitakaMember	Text · Plus
Term of office information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000MasudaYoshitakaMember	Original text (Japanese) (注)３
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000SasanoNobuyukiMember	Original text (Japanese) 取締役管理担当兼経理管理部長
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000SasanoNobuyukiMember	Original text (Japanese) 笹野　信行
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000SasanoNobuyukiMember	1975-01-13
Career summary information about directors and corporate auditors (text)	FilingDateInstant_jpcrp030000-asr_E03415-000SasanoNobuyukiMember	Text · Plus
Term of office information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000SasanoNobuyukiMember	Original text (Japanese) (注)３
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000NagataAkioMember	Original text (Japanese) 取締役
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000NagataAkioMember	Original text (Japanese) 永田昭夫
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000NagataAkioMember	1948-09-15
Career summary information about directors and corporate auditors (text)	FilingDateInstant_jpcrp030000-asr_E03415-000NagataAkioMember	Text · Plus
Term of office information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000NagataAkioMember	Original text (Japanese) (注)３
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000TamuraFumikoMember	Original text (Japanese) 取締役
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000TamuraFumikoMember	Original text (Japanese) 田村富美子
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000TamuraFumikoMember	1960-04-09
Career summary information about directors and corporate auditors (text)	FilingDateInstant_jpcrp030000-asr_E03415-000TamuraFumikoMember	Text · Plus
Term of office information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000TamuraFumikoMember	Original text (Japanese) (注)３
Official title or position information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000FukuiMasahiroMember	Original text (Japanese) 常勤監査役
Name information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000FukuiMasahiroMember	Original text (Japanese) 福井　正弘
Date of birth information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E03415-000FukuiMasahiroMember	1965-01-21

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 2024-02-20	pass rounding
balance sheet identity	consolidated 2025-02-20	pass rounding
balance sheet identity	non_consolidated 2024-02-20	pass rounding
balance sheet identity	non_consolidated 2025-02-20	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-02-20	pass
statement vs summary · net assets	consolidated 2024-02-20	pass
statement vs summary · net assets	consolidated 2025-02-20	pass
statement vs summary · net assets	non_consolidated 2023-02-20	pass
statement vs summary · net assets	non_consolidated 2024-02-20	pass
statement vs summary · net assets	non_consolidated 2025-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2023-02-21/2024-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · operating cash flow	consolidated 2023-02-21/2024-02-20	pass
statement vs summary · operating cash flow	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	consolidated 2023-02-21/2024-02-20	pass
statement vs summary · revenue	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	non_consolidated 2023-02-21/2024-02-20	pass
statement vs summary · revenue	non_consolidated 2024-02-21/2025-02-20	pass
statement vs summary · total assets	consolidated 2024-02-20	pass
statement vs summary · total assets	consolidated 2025-02-20	pass
statement vs summary · total assets	non_consolidated 2024-02-20	pass
statement vs summary · total assets	non_consolidated 2025-02-20	pass