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
Purchase of treasury stock	CurrentYearDuration_ShareholdersEquityMember	-7565000	JPY
Purchase of treasury stock	CurrentYearDuration	-7565000	JPY
Disposal of treasury stock	CurrentYearDuration_CapitalSurplusMember	41000	JPY
Disposal of treasury stock	CurrentYearDuration_TreasuryStockMember	3265000	JPY
Disposal of treasury stock	CurrentYearDuration_ShareholdersEquityMember	3307000	JPY
Disposal of treasury stock	CurrentYearDuration	3307000	JPY
Exercise of subscription rights to shares	CurrentYearDuration_SubscriptionRightsToSharesMember	-3291000	JPY
Exercise of subscription rights to shares	CurrentYearDuration	-3291000	JPY
Total changes of items during the period	CurrentYearDuration_CapitalStockMember	－	JPY
Total changes of items during the period	CurrentYearDuration_CapitalSurplusMember	-14533000	JPY
Total changes of items during the period	CurrentYearDuration_RetainedEarningsMember	21403000	JPY
Total changes of items during the period	CurrentYearDuration_TreasuryStockMember	-4299000	JPY
Total changes of items during the period	CurrentYearDuration_ShareholdersEquityMember	2571000	JPY
Total changes of items during the period	CurrentYearDuration_SubscriptionRightsToSharesMember	-3291000	JPY
Total changes of items during the period	CurrentYearDuration	-720000	JPY
Net assets	CurrentYearInstant_CapitalStockMember	100000000	JPY
Net assets	CurrentYearInstant_CapitalSurplusMember	2205534000	JPY
Net assets	CurrentYearInstant_RetainedEarningsMember	-726326000	JPY
Net assets	CurrentYearInstant_TreasuryStockMember	-9419000	JPY
Net assets	CurrentYearInstant_ShareholdersEquityMember	1569788000	JPY
Net assets	CurrentYearInstant_SubscriptionRightsToSharesMember	9875000	JPY
Net assets	CurrentYearInstant	1579663000	JPY
Income before income taxes	Prior1YearDuration	-38629000	JPY
Income before income taxes	CurrentYearDuration	48903000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	161598000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	133630000	JPY
Impairment loss ope cf	Prior1YearDuration	187093000	JPY
Impairment loss ope cf	CurrentYearDuration	86832000	JPY
Amortization of long term prepaid expenses ope cf	Prior1YearDuration	10330000	JPY
Amortization of long term prepaid expenses ope cf	CurrentYearDuration	7484000	JPY
Increase decrease in allowance for doubtful accounts ope cf	Prior1YearDuration	230000	JPY
Increase decrease in allowance for doubtful accounts ope cf	CurrentYearDuration	468000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	270000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	-4070000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-239000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-1989000	JPY
Interest expenses ope cf	Prior1YearDuration	30718000	JPY
Interest expenses ope cf	CurrentYearDuration	23609000	JPY
Compensation income ope cf	Prior1YearDuration	-24754000	JPY
Compensation income ope cf	CurrentYearDuration	－	JPY
Commission fee ope cf	Prior1YearDuration	41923000	JPY
Commission fee ope cf	CurrentYearDuration	1751000	JPY
Loss gain on disposal of noncurrent assets ope cf	Prior1YearDuration	21376000	JPY
Loss gain on disposal of noncurrent assets ope cf	CurrentYearDuration	35402000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	82948000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	-45216000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	179104000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	-54325000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	-340801000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-272817000	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