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
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.439
Rate of return on equity IFRS (5-year summary)CurrentYearDuration0.432
Price earnings ratio IFRS (5-year summary)Prior1YearDuration37.1
Price earnings ratio IFRS (5-year summary)CurrentYearDuration24.8
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration3255173000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration3334024000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior1YearDuration-446224000JPY
Cash flows from used in investing activities IFRS (5-year summary)CurrentYearDuration-2552297000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior1YearDuration2414969000JPY
Cash flows from used in financing activities IFRS (5-year summary)CurrentYearDuration-1711279000JPY
Cash and cash equivalents IFRS (5-year summary)Prior2YearInstant1388848000JPY
Cash and cash equivalents IFRS (5-year summary)Prior1YearInstant6612190000JPY
Cash and cash equivalents IFRS (5-year summary)CurrentYearInstant5693642000JPY
Number of employeesPrior2YearInstant203
Number of employeesPrior1YearInstant273
Number of employeesCurrentYearInstant298
Average number of temporary workersPrior2YearInstant-
Average number of temporary workersPrior1YearInstant-
Average number of temporary workersCurrentYearInstant-
Net sales (5-year summary)Prior2YearDuration4175324000JPY
Net sales (5-year summary)Prior1YearDuration8255896000JPY
Net sales (5-year summary)CurrentYearDuration11512844000JPY
Ordinary income loss (5-year summary)Prior2YearDuration378800000JPY
Ordinary income loss (5-year summary)Prior1YearDuration2783476000JPY
Ordinary income loss (5-year summary)CurrentYearDuration4111505000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration260507000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration1768207000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration3051788000JPY
Comprehensive income (5-year summary)Prior2YearDuration265415000JPY
Comprehensive income (5-year summary)Prior1YearDuration1778393000JPY
Comprehensive income (5-year summary)CurrentYearDuration3081357000JPY
Net assets (5-year summary)Prior2YearInstant1551998000JPY
Net assets (5-year summary)Prior1YearInstant5869749000JPY
Net assets (5-year summary)CurrentYearInstant8045141000JPY
Total assets (5-year summary)Prior2YearInstant2593628000JPY
Total assets (5-year summary)Prior1YearInstant8767516000JPY
Total assets (5-year summary)CurrentYearInstant10949527000JPY
Net assets per share (5-year summary)Prior2YearInstant57.17
Net assets per share (5-year summary)Prior1YearInstant200.22
Net assets per share (5-year summary)CurrentYearInstant282.12
Basic earnings loss per share (5-year summary)Prior2YearDuration9.99
Basic earnings loss per share (5-year summary)Prior1YearDuration64.50
Basic earnings loss per share (5-year summary)CurrentYearDuration107.17
Diluted earnings per share (5-year summary)Prior2YearDuration-
Diluted earnings per share (5-year summary)Prior1YearDuration59.97
Diluted earnings per share (5-year summary)CurrentYearDuration96.84
Equity to asset ratio (5-year summary)Prior2YearInstant0.575
Equity to asset ratio (5-year summary)Prior1YearInstant0.656
Equity to asset ratio (5-year summary)CurrentYearInstant0.735
Rate of return on equity (5-year summary)Prior2YearDuration0.192

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