Annual report

Period2025-03-01 → 2026-02-28

Filed2026-05-21

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 150

Metric	Value	Period	Scope	Source row
Revenue	¥31.1bn	2025-03-01 → 2026-02-28	Cons.	Net sales
Revenue	¥30.4bn	2024-03-01 → 2025-02-28	Cons.	Net sales
Revenue	¥29.1bn	2023-03-01 → 2024-02-29^v	Cons.	Net sales (5-year summary)
Revenue	¥22.9bn	2022-03-01 → 2023-02-28^v	Cons.	Net sales (5-year summary)
Revenue	¥10.4bn	2021-03-01 → 2022-02-28^d	Cons.	Net sales (5-year summary)
Operating income	¥1.7bn	2025-03-01 → 2026-02-28	Cons.	Operating income
Operating income	¥2.2bn	2024-03-01 → 2025-02-28	Cons.	Operating income
Ordinary income	¥1.8bn	2025-03-01 → 2026-02-28	Cons.	Ordinary income
Ordinary income	¥2.3bn	2024-03-01 → 2025-02-28	Cons.	Ordinary income
Ordinary income	¥2.2bn	2023-03-01 → 2024-02-29^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.6bn	2022-03-01 → 2023-02-28^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.2bn	2021-03-01 → 2022-02-28^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥1.6bn	2025-03-01 → 2026-02-28	Cons.	Income before income taxes
Profit before tax	¥2.2bn	2024-03-01 → 2025-02-28	Cons.	Income before income taxes
Net income (owners)	¥1.1bn	2025-03-01 → 2026-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.5bn	2024-03-01 → 2025-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.7bn	2023-03-01 → 2024-02-29^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥550m	2022-03-01 → 2023-02-28^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.7bn	2021-03-01 → 2022-02-28^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.1bn	2025-03-01 → 2026-02-28	Cons.	Profit loss
Net income	¥1.5bn	2024-03-01 → 2025-02-28	Cons.	Profit loss
Total assets	¥13.5bn	at 2026-02-28	Cons.	Assets
Total assets	¥14.0bn	at 2025-02-28	Cons.	Assets
Total assets	¥13.3bn	at 2024-02-29^v	Cons.	Total assets (5-year summary)
Total assets	¥17.6bn	at 2023-02-28^v	Cons.	Total assets (5-year summary)
Total assets	¥16.1bn	at 2022-02-28^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.3bn	at 2026-02-28	Cons.	Liabilities
Total liabilities	¥5.2bn	at 2025-02-28	Cons.	Liabilities
Net assets / equity	¥9.2bn	at 2026-02-28	Cons.	Net assets
Net assets / equity	¥8.7bn	at 2025-02-28	Cons.	Net assets
Net assets / equity	¥7.7bn	at 2024-02-29^v	Cons.	Net assets
Net assets / equity	¥12.5bn	at 2023-02-28^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥12.4bn	at 2022-02-28^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥4.3bn	at 2026-02-28	Cons.	Cash and deposits
Cash and deposits	¥5.3bn	at 2025-02-28	Cons.	Cash and deposits
Cash & equivalents	¥4.3bn	at 2026-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥5.3bn	at 2025-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.5bn	at 2024-02-29^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.2bn	at 2023-02-28^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥5.8bn	at 2022-02-28^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.4bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.1bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.2bn	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥4.2bn	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥3.3bn	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥997m	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥485m	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥849m	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥95m	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥252m	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥1.3bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥808m	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥6.0bn	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥668m	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥9.4bn	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥47.6	2025-03-01 → 2026-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥65.15	2024-03-01 → 2025-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥71	2023-03-01 → 2024-02-29^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥21.32	2022-03-01 → 2023-02-28^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥67.7	2021-03-01 → 2022-02-28^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥67.7	2021-03-01 → 2022-02-28^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥402.66	at 2026-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥383	at 2025-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥339.84	at 2024-02-29^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥486.27	at 2023-02-28^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥482.34	at 2022-02-28^d	Cons.	Net assets per share (5-year summary)
Equity ratio	68.0%	at 2026-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	62.5%	at 2025-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	58.2%	at 2024-02-29^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	71.4%	at 2023-02-28^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	77.3%	at 2022-02-28^d	Cons.	Equity to asset ratio (5-year summary)
ROE	12.1%	2025-03-01 → 2026-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	18.0%	2024-03-01 → 2025-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	17.1%	2023-03-01 → 2024-02-29^v	Cons.	Rate of return on equity (5-year summary)
ROE	4.4%	2022-03-01 → 2023-02-28^v	Cons.	Rate of return on equity (5-year summary)
ROE	15.1%	2021-03-01 → 2022-02-28^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,149	at 2026-02-28	Cons.	Number of employees
Employees	1,032	at 2025-02-28	Cons.	Number of employees
Employees	1,102	at 2024-02-29^v	Cons.	Number of employees
Employees	940	at 2023-02-28^v	Cons.	Number of employees
Employees	1,017	at 2022-02-28^d	Cons.	Number of employees
Revenue	¥3.3bn	2025-03-01 → 2026-02-28	Standalone	Net sales
Revenue	¥3.5bn	2024-03-01 → 2025-02-28	Standalone	Net sales
Revenue	¥3.5bn	2023-03-01 → 2024-02-29^v	Standalone	Net sales (5-year summary)
Revenue	¥2.5bn	2022-03-01 → 2023-02-28^v	Standalone	Net sales (5-year summary)
Revenue	¥2.0bn	2021-03-01 → 2022-02-28^d	Standalone	Net sales (5-year summary)
Operating income	¥1.2bn	2025-03-01 → 2026-02-28	Standalone	Operating income
Operating income	¥1.4bn	2024-03-01 → 2025-02-28	Standalone	Operating income
Ordinary income	¥2.3bn	2025-03-01 → 2026-02-28	Standalone	Ordinary income
Ordinary income	¥1.5bn	2024-03-01 → 2025-02-28	Standalone	Ordinary income
Ordinary income	¥1.4bn	2023-03-01 → 2024-02-29^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥508m	2022-03-01 → 2023-02-28^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥146m	2021-03-01 → 2022-02-28^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥2.1bn	2025-03-01 → 2026-02-28	Standalone	Income before income taxes
Profit before tax	¥1.4bn	2024-03-01 → 2025-02-28	Standalone	Income before income taxes
Net income	¥1.6bn	2025-03-01 → 2026-02-28	Standalone	Profit loss
Net income	¥920m	2024-03-01 → 2025-02-28	Standalone	Profit loss
Net income	¥913m	2023-03-01 → 2024-02-29^v	Standalone	Net income loss (5-year summary)
Net income	¥109m	2022-03-01 → 2023-02-28^v	Standalone	Net income loss (5-year summary)
Net income	¥1.9bn	2021-03-01 → 2022-02-28^d	Standalone	Net income loss (5-year summary)
Total assets	¥13.2bn	at 2026-02-28	Standalone	Assets
Total assets	¥12.8bn	at 2025-02-28	Standalone	Assets
Total assets	¥12.5bn	at 2024-02-29^v	Standalone	Total assets (5-year summary)
Total assets	¥16.5bn	at 2023-02-28^v	Standalone	Total assets (5-year summary)
Total assets	¥17.6bn	at 2022-02-28^d	Standalone	Total assets (5-year summary)
Total liabilities	¥4.6bn	at 2026-02-28	Standalone	Liabilities
Total liabilities	¥5.3bn	at 2025-02-28	Standalone	Liabilities
Net assets / equity	¥8.6bn	at 2026-02-28	Standalone	Net assets
Net assets / equity	¥7.5bn	at 2025-02-28	Standalone	Net assets
Net assets / equity	¥7.2bn	at 2024-02-29^v	Standalone	Net assets
Net assets / equity	¥12.7bn	at 2023-02-28^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥13.1bn	at 2022-02-28^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥3.1bn	at 2026-02-28	Standalone	Cash and deposits
Cash and deposits	¥3.1bn	at 2025-02-28	Standalone	Cash and deposits
EPS (basic)	¥72.09	2025-03-01 → 2026-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥40.36	2024-03-01 → 2025-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥37.44	2023-03-01 → 2024-02-29^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥4.21	2022-03-01 → 2023-02-28^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥73.72	2021-03-01 → 2022-02-28^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥73.71	2021-03-01 → 2022-02-28^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥28	2025-03-01 → 2026-02-28	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥26	2024-03-01 → 2025-02-28	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥23	2023-03-01 → 2024-02-29^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2022-03-01 → 2023-02-28^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥10	2021-03-01 → 2022-02-28^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥376.08	at 2026-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥330.74	at 2025-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥314.45	at 2024-02-29^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥493.81	at 2023-02-28^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥509.59	at 2022-02-28^d	Standalone	Net assets per share (5-year summary)
Equity ratio	65.0%	at 2026-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	58.8%	at 2025-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.4%	at 2024-02-29^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	77.0%	at 2023-02-28^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	74.8%	at 2022-02-28^d	Standalone	Equity to asset ratio (5-year summary)
ROE	20.4%	2025-03-01 → 2026-02-28	Standalone	Rate of return on equity (5-year summary)
ROE	12.5%	2024-03-01 → 2025-02-28	Standalone	Rate of return on equity (5-year summary)
ROE	9.2%	2023-03-01 → 2024-02-29^v	Standalone	Rate of return on equity (5-year summary)
ROE	0.8%	2022-03-01 → 2023-02-28^v	Standalone	Rate of return on equity (5-year summary)
ROE	15.6%	2021-03-01 → 2022-02-28^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	22,813,689	at 2026-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,813,689	at 2025-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,813,689	at 2024-02-29^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	25,788,689	at 2023-02-28^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	25,788,689	at 2022-02-28^d	Standalone	Total number of issued shares (5-year summary)
Employees	50	at 2026-02-28	Standalone	Number of employees
Employees	67	at 2025-02-28	Standalone	Number of employees
Employees	69	at 2024-02-29^v	Standalone	Number of employees
Employees	65	at 2023-02-28^v	Standalone	Number of employees
Employees	64	at 2022-02-28^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 · 1

Segment	Item	Period	Value
Food And Beveragereportable segment	employees	at 2026-02-28	1149 pure

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

All source rows · 1,225

Item	Context	Value	Unit
Independent auditors report consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 consolidated	FilingDateInstant	Original text (Japanese) PwC Japan有限責任監査法人
Cpa1 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 清水健太郎
Cpa2 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 島袋信一
Key audit matters consolidated (text)	FilingDateInstant	Text · Plus
Overview kam consolidated (text)	FilingDateInstant	Text · Plus
Short description kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 店舗固定資産の減損
Description including reason kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Reference kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 【注記事項】（重要な会計上の見積り）
Auditors response kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Other information consolidated (text)	FilingDateInstant	Text · Plus
Fee related information consolidated (text)	FilingDateInstant	Text · Plus
Independent auditors report non consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) PwC Japan有限責任監査法人
Cpa1 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 清水健太郎
Cpa2 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 島袋信一
Key audit matters non consolidated (text)	FilingDateInstant	Text · Plus
Overview kam non consolidated (text)	FilingDateInstant	Text · Plus
Short description kam non consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 店舗固定資産の減損
Same as kam for consolidated fskam non consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Reference kam non consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 【注記事項】（重要な会計上の見積り）
Other information non consolidated (text)	FilingDateInstant	Text · Plus
Fee related information non consolidated (text)	FilingDateInstant	Text · Plus
Number of submission	FilingDateInstant	1
Net sales (5-year summary)	Prior4YearDuration	10404800000	JPY
Net sales (5-year summary)	Prior3YearDuration	22913271000	JPY
Net sales (5-year summary)	Prior2YearDuration	29079640000	JPY
Net sales (5-year summary)	Prior1YearDuration	30389199000	JPY
Net sales (5-year summary)	CurrentYearDuration	31119339000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration	2202295000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration	1583866000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration	2236639000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration	2281647000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration	1836228000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior4YearDuration	1745732000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior3YearDuration	549810000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior2YearDuration	1731413000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior1YearDuration	1485153000	JPY
Profit loss attributable to owners of parent (5-year summary)	CurrentYearDuration	1085499000	JPY
Comprehensive income (5-year summary)	Prior4YearDuration	1692431000	JPY
Comprehensive income (5-year summary)	Prior3YearDuration	617307000	JPY
Comprehensive income (5-year summary)	Prior2YearDuration	1685924000	JPY
Comprehensive income (5-year summary)	Prior1YearDuration	1534295000	JPY
Comprehensive income (5-year summary)	CurrentYearDuration	1058253000	JPY
Net assets (5-year summary)	Prior4YearInstant	12438641000	JPY
Net assets (5-year summary)	Prior3YearInstant	12540181000	JPY
Net assets (5-year summary)	Prior2YearInstant	7744392000	JPY
Net assets (5-year summary)	Prior1YearInstant	8732651000	JPY
Net assets (5-year summary)	CurrentYearInstant	9181997000	JPY
Total assets (5-year summary)	Prior4YearInstant	16096817000	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 2025-02-28	pass rounding
balance sheet identity	consolidated 2026-02-28	pass rounding
balance sheet identity	non_consolidated 2025-02-28	pass
balance sheet identity	non_consolidated 2026-02-28	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-02-29	pass
statement vs summary · net assets	consolidated 2025-02-28	pass
statement vs summary · net assets	consolidated 2026-02-28	pass
statement vs summary · net assets	non_consolidated 2024-02-29	pass
statement vs summary · net assets	non_consolidated 2025-02-28	pass
statement vs summary · net assets	non_consolidated 2026-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · operating cash flow	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · operating cash flow	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	non_consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	non_consolidated 2025-03-01/2026-02-28	pass
statement vs summary · total assets	consolidated 2025-02-28	pass
statement vs summary · total assets	consolidated 2026-02-28	pass
statement vs summary · total assets	non_consolidated 2025-02-28	pass
statement vs summary · total assets	non_consolidated 2026-02-28	pass