Annual report

Period2025-02-21 → 2026-02-20

Filed2026-05-13

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 145

Metric	Value	Period	Scope	Source row
Revenue	¥14.1bn	2025-02-21 → 2026-02-20	Cons.	Net sales
Revenue	¥15.0bn	2024-02-21 → 2025-02-20	Cons.	Net sales
Revenue	¥15.9bn	2023-02-21 → 2024-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥17.5bn	2022-02-21 → 2023-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥17.9bn	2021-02-21 → 2022-02-20^d	Cons.	Net sales (5-year summary)
Operating income	¥190m	2025-02-21 → 2026-02-20	Cons.	Operating income
Operating income	¥215m	2024-02-21 → 2025-02-20	Cons.	Operating income
Ordinary income	¥178m	2025-02-21 → 2026-02-20	Cons.	Ordinary income
Ordinary income	¥163m	2024-02-21 → 2025-02-20	Cons.	Ordinary income
Ordinary income	¥336m	2023-02-21 → 2024-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥580m	2022-02-21 → 2023-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥675m	2021-02-21 → 2022-02-20^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥49m	2025-02-21 → 2026-02-20	Cons.	Income before income taxes
Profit before tax	−¥39m	2024-02-21 → 2025-02-20	Cons.	Income before income taxes
Net income (owners)	¥21m	2025-02-21 → 2026-02-20	Cons.	Profit loss attributable to owners of parent
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^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥562m	2022-02-21 → 2023-02-20^v	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	¥21m	2025-02-21 → 2026-02-20	Cons.	Profit loss
Net income	−¥48m	2024-02-21 → 2025-02-20	Cons.	Profit loss
Total assets	¥6.2bn	at 2026-02-20	Cons.	Assets
Total assets	¥7.0bn	at 2025-02-20	Cons.	Assets
Total assets	¥8.4bn	at 2024-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥8.8bn	at 2023-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥9.2bn	at 2022-02-20^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.7bn	at 2026-02-20	Cons.	Liabilities
Total liabilities	¥5.4bn	at 2025-02-20	Cons.	Liabilities
Net assets / equity	¥1.6bn	at 2026-02-20	Cons.	Net assets
Net assets / equity	¥1.6bn	at 2025-02-20	Cons.	Net assets
Net assets / equity	¥1.6bn	at 2024-02-20^v	Cons.	Net assets
Net assets / equity	¥1.2bn	at 2023-02-20^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥418m	at 2022-02-20^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.3bn	at 2026-02-20	Cons.	Cash and deposits
Cash and deposits	¥2.0bn	at 2025-02-20	Cons.	Cash and deposits
Cash & equivalents	¥1.3bn	at 2026-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2025-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.9bn	at 2024-02-20^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.0bn	at 2023-02-20^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.2bn	at 2022-02-20^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥124m	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in operating activities
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^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥207m	2022-02-21 → 2023-02-20^v	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)
Investing cash flow	−¥333m	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in investment activities
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^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥363m	2022-02-21 → 2023-02-20^v	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)
Financing cash flow	−¥311m	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in financing activities
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^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥265m	2022-02-21 → 2023-02-20^v	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)
EPS (basic)	¥1.78	2025-02-21 → 2026-02-20	Cons.	Basic earnings loss per share (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^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥46.82	2022-02-21 → 2023-02-20^v	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 (diluted)	¥1.47	2025-02-21 → 2026-02-20	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥28.36	2023-02-21 → 2024-02-20^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥41.13	2022-02-21 → 2023-02-20^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥107.59	at 2026-02-20	Cons.	Net assets 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^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥79.22	at 2023-02-20^v	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)
Equity ratio	25.2%	at 2026-02-20	Cons.	Equity to asset ratio (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^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	14.1%	at 2023-02-20^v	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)
ROE	1.4%	2025-02-21 → 2026-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	28.8%	2023-02-21 → 2024-02-20^v	Cons.	Rate of return on equity (5-year summary)
ROE	69.6%	2022-02-21 → 2023-02-20^v	Cons.	Rate of return on equity (5-year summary)
Employees	118	at 2026-02-20	Cons.	Number of employees
Employees	127	at 2025-02-20	Cons.	Number of employees
Employees	135	at 2024-02-20^v	Cons.	Number of employees
Employees	135	at 2023-02-20^v	Cons.	Number of employees
Employees	154	at 2022-02-20^d	Cons.	Number of employees
Revenue	¥2.7bn	2025-02-21 → 2026-02-20	Standalone	Operating revenue2
Revenue	¥3.0bn	2024-02-21 → 2025-02-20	Standalone	Operating revenue2
Revenue	¥3.2bn	2023-02-21 → 2024-02-20^v	Standalone	Operating revenue2 (5-year summary)
Revenue	¥3.7bn	2022-02-21 → 2023-02-20^v	Standalone	Operating revenue2 (5-year summary)
Revenue	¥3.9bn	2021-02-21 → 2022-02-20^d	Standalone	Operating revenue2 (5-year summary)
Operating income	¥258m	2025-02-21 → 2026-02-20	Standalone	Operating income
Operating income	¥379m	2024-02-21 → 2025-02-20	Standalone	Operating income
Ordinary income	¥235m	2025-02-21 → 2026-02-20	Standalone	Ordinary income
Ordinary income	¥13m	2024-02-21 → 2025-02-20	Standalone	Ordinary income
Ordinary income	¥381m	2023-02-21 → 2024-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥566m	2022-02-21 → 2023-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥998m	2021-02-21 → 2022-02-20^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥46m	2025-02-21 → 2026-02-20	Standalone	Income before income taxes
Profit before tax	−¥2m	2024-02-21 → 2025-02-20	Standalone	Income before income taxes
Net income	¥21m	2025-02-21 → 2026-02-20	Standalone	Profit loss
Net income	−¥44m	2024-02-21 → 2025-02-20	Standalone	Profit loss
Net income	¥416m	2023-02-21 → 2024-02-20^v	Standalone	Net income loss (5-year summary)
Net income	¥593m	2022-02-21 → 2023-02-20^v	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)
Total assets	¥5.6bn	at 2026-02-20	Standalone	Assets
Total assets	¥5.9bn	at 2025-02-20	Standalone	Assets
Total assets	¥7.2bn	at 2024-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥7.1bn	at 2023-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥7.4bn	at 2022-02-20^d	Standalone	Total assets (5-year summary)
Total liabilities	¥4.0bn	at 2026-02-20	Standalone	Liabilities
Total liabilities	¥4.3bn	at 2025-02-20	Standalone	Liabilities
Net assets / equity	¥1.6bn	at 2026-02-20	Standalone	Net assets
Net assets / equity	¥1.6bn	at 2025-02-20	Standalone	Net assets
Net assets / equity	¥1.7bn	at 2024-02-20^v	Standalone	Net assets
Net assets / equity	¥1.3bn	at 2023-02-20^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥398m	at 2022-02-20^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥746m	at 2026-02-20	Standalone	Cash and deposits
Cash and deposits	¥1.5bn	at 2025-02-20	Standalone	Cash and deposits
EPS (basic)	¥1.77	2025-02-21 → 2026-02-20	Standalone	Basic earnings loss per share (5-year summary)
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^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥49.43	2022-02-21 → 2023-02-20^v	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 (diluted)	¥1.47	2025-02-21 → 2026-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥28.63	2023-02-21 → 2024-02-20^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥43.43	2022-02-21 → 2023-02-20^v	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥109.18	at 2026-02-20	Standalone	Net assets 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^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥80.16	at 2023-02-20^v	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)
Equity ratio	28.6%	at 2026-02-20	Standalone	Equity to asset ratio (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^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	17.5%	at 2023-02-20^v	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)
ROE	1.3%	2025-02-21 → 2026-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	28.8%	2023-02-21 → 2024-02-20^v	Standalone	Rate of return on equity (5-year summary)
ROE	73.9%	2022-02-21 → 2023-02-20^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	12,051,384	at 2026-02-20	Standalone	Total number of issued shares (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^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,051,384	at 2023-02-20^v	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)
Employees	20	at 2026-02-20	Standalone	Number of employees
Employees	20	at 2025-02-20	Standalone	Number of employees
Employees	18	at 2024-02-20^v	Standalone	Number of employees
Employees	15	at 2023-02-20^v	Standalone	Number of employees
Employees	15	at 2022-02-20^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 2026-02-20	118 pure
Retail Businessreportable segment	employees	at 2026-02-20	96 pure

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

All source rows · 1,364

Item	Context	Value	Unit
Current portion of guarantee deposits	Prior1YearInstant	170347000	JPY
Current portion of guarantee deposits	CurrentYearInstant	80003000	JPY
Other ca	Prior1YearInstant	36937000	JPY
Other ca	CurrentYearInstant	41238000	JPY
Current assets	Prior1YearInstant	4435669000	JPY
Current assets	CurrentYearInstant	3681168000	JPY
Buildings net	Prior1YearInstant	516766000	JPY
Buildings net	CurrentYearInstant	478071000	JPY
Tools furniture and fixtures net	Prior1YearInstant	62349000	JPY
Tools furniture and fixtures net	CurrentYearInstant	108003000	JPY
Construction in progress	Prior1YearInstant	1392000	JPY
Construction in progress	CurrentYearInstant	487000	JPY
Property plant and equipment	Prior1YearInstant	580509000	JPY
Property plant and equipment	CurrentYearInstant	586561000	JPY
Software	Prior1YearInstant	14598000	JPY
Software	CurrentYearInstant	22532000	JPY
Software in progress	Prior1YearInstant	128700000	JPY
Software in progress	CurrentYearInstant	212190000	JPY
Other ia	Prior1YearInstant	541000	JPY
Other ia	CurrentYearInstant	541000	JPY
Intangible assets	Prior1YearInstant	143840000	JPY
Intangible assets	CurrentYearInstant	235263000	JPY
Long term prepaid expenses	Prior1YearInstant	16731000	JPY
Long term prepaid expenses	CurrentYearInstant	19908000	JPY
Guarantee deposits ioa	Prior1YearInstant	1693461000	JPY
Guarantee deposits ioa	CurrentYearInstant	1614634000	JPY
Deferred tax assets	Prior1YearInstant	117909000	JPY
Deferred tax assets	CurrentYearInstant	101844000	JPY
Other ioa	Prior1YearInstant	4830000	JPY
Other ioa	CurrentYearInstant	30000	JPY
Allowance for doubtful accounts ioa by group	Prior1YearInstant	-4085000	JPY
Allowance for doubtful accounts ioa by group	CurrentYearInstant	-4553000	JPY
Investments and other assets	Prior1YearInstant	1828847000	JPY
Investments and other assets	CurrentYearInstant	1731865000	JPY
Noncurrent assets	Prior1YearInstant	2553196000	JPY
Noncurrent assets	CurrentYearInstant	2553691000	JPY
Assets	Prior1YearInstant	6988866000	JPY
Assets	CurrentYearInstant	6234859000	JPY
Notes and accounts payable trade	Prior1YearInstant	519335000	JPY
Notes and accounts payable trade	CurrentYearInstant	527954000	JPY
Electronically recorded obligations operating cl	Prior1YearInstant	1618191000	JPY
Electronically recorded obligations operating cl	CurrentYearInstant	1336755000	JPY
Electronically recorded obligations facilities cl	Prior1YearInstant	22737000	JPY
Electronically recorded obligations facilities cl	CurrentYearInstant	1034000	JPY
Current portion of long term loans payable	Prior1YearInstant	285714000	JPY
Current portion of long term loans payable	CurrentYearInstant	285714000	JPY
Accounts payable other	Prior1YearInstant	125180000	JPY
Accounts payable other	CurrentYearInstant	107202000	JPY
Accrued expenses	Prior1YearInstant	446930000	JPY
Accrued expenses	CurrentYearInstant	417121000	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 2025-02-20	pass rounding
balance sheet identity	consolidated 2026-02-20	pass
balance sheet identity	non_consolidated 2025-02-20	pass
balance sheet identity	non_consolidated 2026-02-20	pass rounding
dei present		pass
period resolution		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	consolidated 2026-02-20	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 assets	non_consolidated 2026-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · operating cash flow	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · operating cash flow	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	non_consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	non_consolidated 2025-02-21/2026-02-20	pass
statement vs summary · total assets	consolidated 2025-02-20	pass
statement vs summary · total assets	consolidated 2026-02-20	pass
statement vs summary · total assets	non_consolidated 2025-02-20	pass
statement vs summary · total assets	non_consolidated 2026-02-20	pass