Annual report

Period2025-06-01 → 2026-05-31
Filed2026-08-26
StandardIFRS
ConsolidatedYes
Data checks16 of 26 passed
Key figures · 152
MetricValuePeriodScopeSource row
Revenue¥11.5bn2025-06-01 → 2026-05-31Cons.Revenue IFRS
Revenue¥8.3bn2024-06-01 → 2025-05-31Cons.Revenue IFRS
Revenue¥4.2bn2023-06-01 → 2024-05-31dCons.Net sales (5-year summary)
Operating income¥4.0bn2025-06-01 → 2026-05-31Cons.Operating profit loss IFRS
Operating income¥2.6bn2024-06-01 → 2025-05-31Cons.Operating profit loss IFRS
Ordinary income¥4.1bn2025-06-01 → 2026-05-31Cons.Ordinary income loss (5-year summary)
Ordinary income¥2.8bn2024-06-01 → 2025-05-31Cons.Ordinary income loss (5-year summary)
Ordinary income¥379m2023-06-01 → 2024-05-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥4.0bn2025-06-01 → 2026-05-31Cons.Profit loss before tax IFRS
Profit before tax¥2.6bn2024-06-01 → 2025-05-31Cons.Profit loss before tax IFRS
Net income (owners)¥2.9bn2025-06-01 → 2026-05-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥3.1bn2025-06-01 → 2026-05-31Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.6bn2024-06-01 → 2025-05-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.8bn2024-06-01 → 2025-05-31Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥261m2023-06-01 → 2024-05-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.9bn2025-06-01 → 2026-05-31Cons.Profit loss IFRS
Net income¥1.6bn2024-06-01 → 2025-05-31Cons.Profit loss IFRS
Total assets¥12.0bnat 2026-05-31Cons.Assets IFRS
Total assets¥10.9bnat 2026-05-31Cons.Total assets (5-year summary)
Total assets¥9.2bnat 2025-05-31Cons.Assets IFRS
Total assets¥8.8bnat 2025-05-31Cons.Total assets (5-year summary)
Total assets¥3.1bnat 2024-05-31dCons.Assets IFRS
Total assets¥2.6bnat 2024-05-31dCons.Total assets (5-year summary)
Total liabilities¥4.4bnat 2026-05-31Cons.Liabilities IFRS
Total liabilities¥3.4bnat 2025-05-31Cons.Liabilities IFRS
Total liabilities¥1.6bnat 2024-05-31dCons.Liabilities IFRS
Net assets / equity¥7.6bnat 2026-05-31Cons.Equity IFRS
Net assets / equity¥8.0bnat 2026-05-31Cons.Net assets (5-year summary)
Net assets / equity¥5.8bnat 2025-05-31Cons.Equity IFRS
Net assets / equity¥5.9bnat 2025-05-31Cons.Net assets (5-year summary)
Net assets / equity¥1.5bnat 2024-05-31dCons.Equity IFRS
Net assets / equity¥1.6bnat 2024-05-31dCons.Net assets (5-year summary)
Equity (owners)¥7.6bnat 2026-05-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥5.7bnat 2025-05-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥1.5bnat 2024-05-31dCons.Equity attributable to owners of parent IFRS
Cash & equivalents¥5.7bnat 2026-05-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥6.6bnat 2025-05-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥1.4bnat 2024-05-31dCons.Cash and cash equivalents IFRS
Operating cash flow¥3.3bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥3.0bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.3bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥3.1bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥73m2023-06-01 → 2024-05-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥2.6bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥2.6bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥446m2024-06-01 → 2025-05-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥448m2024-06-01 → 2025-05-31Cons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥222m2023-06-01 → 2024-05-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.7bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥1.3bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥2.4bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥2.6bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥43m2023-06-01 → 2024-05-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥100.982025-06-01 → 2026-05-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥107.172025-06-01 → 2026-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥57.742024-06-01 → 2025-05-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥64.52024-06-01 → 2025-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥9.992023-06-01 → 2024-05-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥91.432025-06-01 → 2026-05-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥96.842025-06-01 → 2026-05-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥53.852024-06-01 → 2025-05-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥59.972024-06-01 → 2025-05-31Cons.Diluted earnings per share (5-year summary)
Net assets per share¥282.12at 2026-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥267.67at 2026-05-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥200.22at 2025-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥197.7at 2025-05-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥57.17at 2024-05-31dCons.Net assets per share (5-year summary)
Net assets per share¥58.56at 2024-05-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio73.5%at 2026-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio63.5%at 2026-05-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio65.6%at 2025-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio61.8%at 2025-05-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio57.5%at 2024-05-31dCons.Equity to asset ratio (5-year summary)
Equity ratio48.9%at 2024-05-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE44.2%2025-06-01 → 2026-05-31Cons.Rate of return on equity (5-year summary)
ROE43.2%2025-06-01 → 2026-05-31Cons.Rate of return on equity IFRS (5-year summary)
ROE48.8%2024-06-01 → 2025-05-31Cons.Rate of return on equity (5-year summary)
ROE43.9%2024-06-01 → 2025-05-31Cons.Rate of return on equity IFRS (5-year summary)
ROE19.2%2023-06-01 → 2024-05-31dCons.Rate of return on equity (5-year summary)
Employees298at 2026-05-31Cons.Number of employees
Employees273at 2025-05-31Cons.Number of employees
Employees203at 2024-05-31dCons.Number of employees
Revenue¥10.9bn2025-06-01 → 2026-05-31StandaloneNet sales
Revenue¥7.8bn2024-06-01 → 2025-05-31StandaloneNet sales
Revenue¥4.0bn2023-06-01 → 2024-05-31dStandaloneNet sales (5-year summary)
Revenue¥2.6bn2022-06-01 → 2023-05-31dStandaloneNet sales (5-year summary)
Revenue¥417m2021-06-01 → 2022-05-31dStandaloneNet sales (5-year summary)
Operating income¥4.1bn2025-06-01 → 2026-05-31StandaloneOperating income
Operating income¥2.6bn2024-06-01 → 2025-05-31StandaloneOperating income
Ordinary income¥4.1bn2025-06-01 → 2026-05-31StandaloneOrdinary income
Ordinary income¥2.5bn2024-06-01 → 2025-05-31StandaloneOrdinary income
Ordinary income¥371m2023-06-01 → 2024-05-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥738m2022-06-01 → 2023-05-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥106m2021-06-01 → 2022-05-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥4.1bn2025-06-01 → 2026-05-31StandaloneIncome before income taxes
Profit before tax¥2.5bn2024-06-01 → 2025-05-31StandaloneIncome before income taxes
Net income¥3.1bn2025-06-01 → 2026-05-31StandaloneProfit loss
Net income¥1.6bn2024-06-01 → 2025-05-31StandaloneProfit loss
Net income¥259m2023-06-01 → 2024-05-31dStandaloneNet income loss (5-year summary)
Net income¥474m2022-06-01 → 2023-05-31dStandaloneNet income loss (5-year summary)
Net income¥78m2021-06-01 → 2022-05-31dStandaloneNet income loss (5-year summary)
Total assets¥10.7bnat 2026-05-31StandaloneAssets
Total assets¥8.0bnat 2025-05-31StandaloneAssets
Total assets¥2.6bnat 2024-05-31dStandaloneTotal assets (5-year summary)
Total assets¥2.2bnat 2023-05-31dStandaloneTotal assets (5-year summary)
Total assets¥428mat 2022-05-31dStandaloneTotal assets (5-year summary)
Total liabilities¥2.8bnat 2026-05-31StandaloneLiabilities
Total liabilities¥2.7bnat 2025-05-31StandaloneLiabilities
Net assets / equity¥7.9bnat 2026-05-31StandaloneNet assets
Net assets / equity¥5.3bnat 2025-05-31StandaloneNet assets
Net assets / equity¥1.5bnat 2024-05-31dStandaloneNet assets
Net assets / equity¥1.2bnat 2023-05-31dStandaloneNet assets (5-year summary)
Net assets / equity¥213mat 2022-05-31dStandaloneNet assets (5-year summary)
Cash and deposits¥7.1bnat 2026-05-31StandaloneCash and deposits
Cash and deposits¥5.5bnat 2025-05-31StandaloneCash and deposits
Cash & equivalents¥1.6bnat 2023-05-31dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥1.1bn2022-06-01 → 2023-05-31dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥190m2022-06-01 → 2023-05-31dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥522m2022-06-01 → 2023-05-31dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥108.782025-06-01 → 2026-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥59.22024-06-01 → 2025-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥9.942023-06-01 → 2024-05-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥18.522022-06-01 → 2023-05-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥77.652021-06-01 → 2022-05-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥98.292025-06-01 → 2026-05-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥55.042024-06-01 → 2025-05-31StandaloneDiluted earnings per share (5-year summary)
Dividend per share¥16.12025-06-01 → 2026-05-31StandaloneDividend paid per share (5-year summary)
Net assets per share¥277.75at 2026-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥185.12at 2025-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥56.93at 2024-05-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥46.99at 2023-05-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥212.75at 2022-05-31dStandaloneNet assets per share (5-year summary)
Equity ratio74.2%at 2026-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio66.4%at 2025-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio57.3%at 2024-05-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio55.6%at 2023-05-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio49.8%at 2022-05-31dStandaloneEquity to asset ratio (5-year summary)
ROE46.8%2025-06-01 → 2026-05-31StandaloneRate of return on equity (5-year summary)
ROE47.7%2024-06-01 → 2025-05-31StandaloneRate of return on equity (5-year summary)
ROE19.1%2023-06-01 → 2024-05-31dStandaloneRate of return on equity (5-year summary)
ROE65.9%2022-06-01 → 2023-05-31dStandaloneRate of return on equity (5-year summary)
ROE44.6%2021-06-01 → 2022-05-31dStandaloneRate of return on equity (5-year summary)
Shares issued28,728,000at 2026-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued28,728,000at 2025-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued26,078,000at 2024-05-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued26,078,000at 2023-05-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,000,000at 2022-05-31dStandaloneTotal number of issued shares (5-year summary)
Employees246at 2026-05-31StandaloneNumber of employees
Employees230at 2025-05-31StandaloneNumber of employees
Employees179at 2024-05-31dStandaloneNumber of employees
Employees88at 2023-05-31dStandaloneNumber of employees
Employees37at 2022-05-31dStandaloneNumber 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 · 28
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-06-01 → 2026-05-31−¥141m
Reconciling Itemsreconcilingrevenue intersegment2025-06-01 → 2026-05-31−¥141m
Reconciling Itemsreconcilingsegment profit2025-06-01 → 2026-05-31−¥1.2bn
Aireportable segmentemployeesat 2026-05-3112 pure
Aireportable segmentrevenue2025-06-01 → 2026-05-31¥546m
Aireportable segmentrevenue external2025-06-01 → 2026-05-31¥405m
Aireportable segmentrevenue intersegment2025-06-01 → 2026-05-31¥141m
Aireportable segmentsegment profit2025-06-01 → 2026-05-31¥233m
Consulting Businessreportable segmentemployeesat 2026-05-31247 pure
Consulting Businessreportable segmentrevenue2025-06-01 → 2026-05-31¥11.1bn
Consulting Businessreportable segmentrevenue external2025-06-01 → 2026-05-31¥11.1bn
Consulting Businessreportable segmentsegment profit2025-06-01 → 2026-05-31¥4.9bn
—segment totalrevenue2025-06-01 → 2026-05-31¥11.7bn
—segment totalrevenue external2025-06-01 → 2026-05-31¥11.5bn
—segment totalrevenue intersegment2025-06-01 → 2026-05-31¥141m
—segment totalsegment profit2025-06-01 → 2026-05-31¥5.2bn
Reconciling Itemsreconcilingsegment profit2024-06-01 → 2025-05-31−¥885m
Aireportable segmentrevenue2024-06-01 → 2025-05-31¥42m
Aireportable segmentrevenue external2024-06-01 → 2025-05-31¥42m
Aireportable segmentsegment profit2024-06-01 → 2025-05-31−¥207m
Consulting Businessreportable segmentrevenue2024-06-01 → 2025-05-31¥8.2bn
Consulting Businessreportable segmentrevenue external2024-06-01 → 2025-05-31¥8.2bn
Consulting Businessreportable segmentsegment profit2024-06-01 → 2025-05-31¥3.7bn
—segment totalrevenue2024-06-01 → 2025-05-31¥8.3bn
—segment totalrevenue external2024-06-01 → 2025-05-31¥8.3bn
—segment totalsegment profit2024-06-01 → 2025-05-31¥3.5bn
Aireportable segmentemployeesat 2026-05-3112 pure
Consulting Businessreportable segmentemployeesat 2026-05-31200 pure

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

All source rows · 1,576
ItemContextValueUnit
Equity attributable to owners of parent IFRSPrior1YearInstant5679665000JPY
Equity attributable to owners of parent IFRSCurrentYearInstant7633027000JPY
Non controlling interests IFRSPrior2YearInstant-JPY
Non controlling interests IFRSPrior1YearInstant117806000JPY
Non controlling interests IFRSCurrentYearInstant-JPY
Equity IFRSPrior2YearInstant1527167000JPY
Equity IFRSPrior1YearInstant5797471000JPY
Equity IFRSCurrentYearInstant7633027000JPY
Liabilities and equity IFRSPrior2YearInstant3122509000JPY
Liabilities and equity IFRSPrior1YearInstant9186809000JPY
Liabilities and equity IFRSCurrentYearInstant12017431000JPY
Revenue IFRSPrior1YearDuration8255896000JPY
Revenue IFRSCurrentYearDuration11512844000JPY
Cost of sales IFRSPrior1YearDuration2700251000JPY
Cost of sales IFRSCurrentYearDuration3850876000JPY
Gross profit IFRSPrior1YearDuration5555645000JPY
Gross profit IFRSCurrentYearDuration7661968000JPY
Selling general and administrative expenses IFRSPrior1YearDuration2846636000JPY
Selling general and administrative expenses IFRSCurrentYearDuration3650578000JPY
Other operating income IFRSPrior1YearDuration24314000JPY
Other operating income IFRSCurrentYearDuration11139000JPY
Other operating expenses IFRSPrior1YearDuration126727000JPY
Other operating expenses IFRSCurrentYearDuration19039000JPY
Operating profit loss IFRSPrior1YearDuration2606595000JPY
Operating profit loss IFRSCurrentYearDuration4003490000JPY
Finance income IFRSPrior1YearDuration1756000JPY
Finance income IFRSCurrentYearDuration9608000JPY
Finance costs IFRSPrior1YearDuration48879000JPY
Finance costs IFRSCurrentYearDuration60273000JPY
Profit loss before tax IFRSPrior1YearDuration2559472000JPY
Profit loss before tax IFRSCurrentYearDuration3952825000JPY
Income tax expense IFRSPrior1YearDuration955606000JPY
Income tax expense IFRSCurrentYearDuration1077333000JPY
Profit loss IFRSPrior1YearDuration1603866000JPY
Profit loss IFRSCurrentYearDuration2875492000JPY
Profit loss attributable to owners of parent IFRSPrior1YearDuration1582836000JPY
Profit loss attributable to owners of parent IFRSCurrentYearDuration2875598000JPY
Profit loss attributable to non controlling interests IFRSPrior1YearDuration21029000JPY
Profit loss attributable to non controlling interests IFRSCurrentYearDuration-106000JPY
Profit loss IFRSPrior1YearDuration1603866000JPY
Profit loss IFRSCurrentYearDuration2875492000JPY
Basic earnings loss per share IFRSPrior1YearDuration57.74
Basic earnings loss per share IFRSCurrentYearDuration100.98
Diluted earnings loss per share IFRSPrior1YearDuration53.85
Diluted earnings loss per share IFRSCurrentYearDuration91.43
Profit loss IFRSPrior1YearDuration1603866000JPY
Profit loss IFRSCurrentYearDuration2875492000JPY
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss oci IFRSPrior1YearDuration-10128000JPY
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss oci IFRSCurrentYearDuration29112000JPY
Other comprehensive income IFRSPrior1YearDuration-10128000JPY

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 · 16 of 26 passed
balance sheet identityconsolidated 2024-05-31pass rounding
balance sheet identityconsolidated 2025-05-31pass rounding
balance sheet identityconsolidated 2026-05-31pass rounding
balance sheet identitynon_consolidated 2025-05-31pass rounding
balance sheet identitynon_consolidated 2026-05-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-05-31mismatch
statement vs summary · net assetsconsolidated 2025-05-31mismatch
statement vs summary · net assetsconsolidated 2026-05-31mismatch
statement vs summary · net assetsnon_consolidated 2024-05-31pass
statement vs summary · net assetsnon_consolidated 2025-05-31pass
statement vs summary · net assetsnon_consolidated 2026-05-31pass
statement vs summary · net income attributable to parentconsolidated 2024-06-01/2025-05-31mismatch
statement vs summary · net income attributable to parentconsolidated 2025-06-01/2026-05-31mismatch
statement vs summary · operating cash flowconsolidated 2024-06-01/2025-05-31mismatch
statement vs summary · operating cash flowconsolidated 2025-06-01/2026-05-31mismatch
statement vs summary · revenueconsolidated 2024-06-01/2025-05-31pass
statement vs summary · revenueconsolidated 2025-06-01/2026-05-31pass
statement vs summary · revenuenon_consolidated 2024-06-01/2025-05-31pass
statement vs summary · revenuenon_consolidated 2025-06-01/2026-05-31pass
statement vs summary · total assetsconsolidated 2024-05-31mismatch
statement vs summary · total assetsconsolidated 2025-05-31mismatch
statement vs summary · total assetsconsolidated 2026-05-31mismatch
statement vs summary · total assetsnon_consolidated 2025-05-31pass
statement vs summary · total assetsnon_consolidated 2026-05-31pass