Annual report

Period2024-12-01 → 2025-11-30

Filed2026-02-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 149

Metric	Value	Period	Scope	Source row
Revenue	¥8.2bn	2024-12-01 → 2025-11-30	Cons.	Net sales
Revenue	¥7.2bn	2023-12-01 → 2024-11-30	Cons.	Net sales
Revenue	¥6.0bn	2022-12-01 → 2023-11-30^v	Cons.	Net sales (5-year summary)
Revenue	¥4.4bn	2021-12-01 → 2022-11-30^v	Cons.	Net sales (5-year summary)
Revenue	¥5.4bn	2020-12-01 → 2021-11-30^d	Cons.	Net sales (5-year summary)
Operating income	¥589m	2024-12-01 → 2025-11-30	Cons.	Operating income
Operating income	¥424m	2023-12-01 → 2024-11-30	Cons.	Operating income
Ordinary income	¥569m	2024-12-01 → 2025-11-30	Cons.	Ordinary income
Ordinary income	¥409m	2023-12-01 → 2024-11-30	Cons.	Ordinary income
Ordinary income	¥136m	2022-12-01 → 2023-11-30^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥200m	2021-12-01 → 2022-11-30^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥713m	2020-12-01 → 2021-11-30^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥569m	2024-12-01 → 2025-11-30	Cons.	Income before income taxes
Profit before tax	¥406m	2023-12-01 → 2024-11-30	Cons.	Income before income taxes
Net income (owners)	¥398m	2024-12-01 → 2025-11-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥262m	2023-12-01 → 2024-11-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥38m	2022-12-01 → 2023-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥142m	2021-12-01 → 2022-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥407m	2020-12-01 → 2021-11-30^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥398m	2024-12-01 → 2025-11-30	Cons.	Profit loss
Net income	¥262m	2023-12-01 → 2024-11-30	Cons.	Profit loss
Total assets	¥9.9bn	at 2025-11-30	Cons.	Assets
Total assets	¥7.5bn	at 2024-11-30	Cons.	Assets
Total assets	¥5.5bn	at 2023-11-30^v	Cons.	Total assets (5-year summary)
Total assets	¥4.8bn	at 2022-11-30^v	Cons.	Total assets (5-year summary)
Total assets	¥5.5bn	at 2021-11-30^d	Cons.	Total assets (5-year summary)
Total liabilities	¥6.6bn	at 2025-11-30	Cons.	Liabilities
Total liabilities	¥4.5bn	at 2024-11-30	Cons.	Liabilities
Net assets / equity	¥3.3bn	at 2025-11-30	Cons.	Net assets
Net assets / equity	¥3.0bn	at 2024-11-30	Cons.	Net assets
Net assets / equity	¥2.7bn	at 2023-11-30^v	Cons.	Net assets
Net assets / equity	¥2.4bn	at 2022-11-30^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥2.8bn	at 2021-11-30^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥5.0bn	at 2025-11-30	Cons.	Cash and deposits
Cash and deposits	¥4.8bn	at 2024-11-30	Cons.	Cash and deposits
Cash & equivalents	¥4.9bn	at 2025-11-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.8bn	at 2024-11-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.1bn	at 2023-11-30^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.3bn	at 2022-11-30^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥4.2bn	at 2021-11-30^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥441m	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.1bn	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥541m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.7bn	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥3.3bn	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥862m	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥354m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥498m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥24m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥6m	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥1.4bn	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥243m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥938m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥303m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.2bn	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥74.13	2024-12-01 → 2025-11-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥48.77	2023-12-01 → 2024-11-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥7.16	2022-12-01 → 2023-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.22	2021-12-01 → 2022-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥72.25	2020-12-01 → 2021-11-30^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥71.26	2020-12-01 → 2021-11-30^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥615.54	at 2025-11-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥551.48	at 2024-11-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥507.74	at 2023-11-30^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥474.3	at 2022-11-30^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥498.05	at 2021-11-30^d	Cons.	Net assets per share (5-year summary)
Equity ratio	33.3%	at 2025-11-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	39.5%	at 2024-11-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	50.0%	at 2023-11-30^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	51.3%	at 2022-11-30^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	50.8%	at 2021-11-30^d	Cons.	Equity to asset ratio (5-year summary)
ROE	12.7%	2024-12-01 → 2025-11-30	Cons.	Rate of return on equity (5-year summary)
ROE	9.2%	2023-12-01 → 2024-11-30	Cons.	Rate of return on equity (5-year summary)
ROE	1.5%	2022-12-01 → 2023-11-30^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.5%	2021-12-01 → 2022-11-30^v	Cons.	Rate of return on equity (5-year summary)
ROE	14.5%	2020-12-01 → 2021-11-30^d	Cons.	Rate of return on equity (5-year summary)
Employees	126	at 2025-11-30	Cons.	Number of employees
Employees	84	at 2024-11-30	Cons.	Number of employees
Employees	69	at 2023-11-30^v	Cons.	Number of employees
Employees	52	at 2022-11-30^v	Cons.	Number of employees
Employees	48	at 2021-11-30^d	Cons.	Number of employees
Revenue	¥3.5bn	2024-12-01 → 2025-11-30	Standalone	Net sales
Revenue	¥3.6bn	2023-12-01 → 2024-11-30	Standalone	Net sales
Revenue	¥3.3bn	2022-12-01 → 2023-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥1.2bn	2021-12-01 → 2022-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥3.7bn	2020-12-01 → 2021-11-30^d	Standalone	Net sales (5-year summary)
Operating income	¥61m	2024-12-01 → 2025-11-30	Standalone	Operating income
Operating income	−¥238m	2023-12-01 → 2024-11-30	Standalone	Operating income
Ordinary income	¥586m	2024-12-01 → 2025-11-30	Standalone	Ordinary income
Ordinary income	¥215m	2023-12-01 → 2024-11-30	Standalone	Ordinary income
Ordinary income	¥400m	2022-12-01 → 2023-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥12m	2021-12-01 → 2022-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥743m	2020-12-01 → 2021-11-30^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥586m	2024-12-01 → 2025-11-30	Standalone	Income before income taxes
Profit before tax	¥224m	2023-12-01 → 2024-11-30	Standalone	Income before income taxes
Net income	¥454m	2024-12-01 → 2025-11-30	Standalone	Profit loss
Net income	¥170m	2023-12-01 → 2024-11-30	Standalone	Profit loss
Net income	¥245m	2022-12-01 → 2023-11-30^v	Standalone	Net income loss (5-year summary)
Net income	¥44m	2021-12-01 → 2022-11-30^v	Standalone	Net income loss (5-year summary)
Net income	¥478m	2020-12-01 → 2021-11-30^d	Standalone	Net income loss (5-year summary)
Total assets	¥8.4bn	at 2025-11-30	Standalone	Assets
Total assets	¥5.3bn	at 2024-11-30	Standalone	Assets
Total assets	¥4.6bn	at 2023-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥3.4bn	at 2022-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥4.0bn	at 2021-11-30^d	Standalone	Total assets (5-year summary)
Total liabilities	¥5.0bn	at 2025-11-30	Standalone	Liabilities
Total liabilities	¥2.3bn	at 2024-11-30	Standalone	Liabilities
Net assets / equity	¥3.4bn	at 2025-11-30	Standalone	Net assets
Net assets / equity	¥3.0bn	at 2024-11-30	Standalone	Net assets
Net assets / equity	¥2.8bn	at 2023-11-30^v	Standalone	Net assets
Net assets / equity	¥2.3bn	at 2022-11-30^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.8bn	at 2021-11-30^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥3.2bn	at 2025-11-30	Standalone	Cash and deposits
Cash and deposits	¥2.3bn	at 2024-11-30	Standalone	Cash and deposits
EPS (basic)	¥84.56	2024-12-01 → 2025-11-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥31.59	2023-12-01 → 2024-11-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥46.23	2022-12-01 → 2023-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥8.48	2021-12-01 → 2022-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥84.73	2020-12-01 → 2021-11-30^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥83.56	2020-12-01 → 2021-11-30^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥20	2024-12-01 → 2025-11-30	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥10	2023-12-01 → 2024-11-30	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥5	2022-12-01 → 2023-11-30^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥10	2020-12-01 → 2021-11-30^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥623.11	at 2025-11-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥548.61	at 2024-11-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥522.05	at 2023-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥448.85	at 2022-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥500.77	at 2021-11-30^d	Standalone	Net assets per share (5-year summary)
Equity ratio	39.9%	at 2025-11-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	55.9%	at 2024-11-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	60.4%	at 2023-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	68.2%	at 2022-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	69.8%	at 2021-11-30^d	Standalone	Equity to asset ratio (5-year summary)
ROE	14.4%	2024-12-01 → 2025-11-30	Standalone	Rate of return on equity (5-year summary)
ROE	5.9%	2023-12-01 → 2024-11-30	Standalone	Rate of return on equity (5-year summary)
ROE	9.6%	2022-12-01 → 2023-11-30^v	Standalone	Rate of return on equity (5-year summary)
ROE	1.7%	2021-12-01 → 2022-11-30^v	Standalone	Rate of return on equity (5-year summary)
ROE	17.1%	2020-12-01 → 2021-11-30^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	5,778,000	at 2025-11-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,778,000	at 2024-11-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,778,000	at 2023-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,778,000	at 2022-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,778,000	at 2021-11-30^d	Standalone	Total number of issued shares (5-year summary)
Employees	101	at 2025-11-30	Standalone	Number of employees
Employees	68	at 2024-11-30	Standalone	Number of employees
Employees	54	at 2023-11-30^v	Standalone	Number of employees
Employees	42	at 2022-11-30^v	Standalone	Number of employees
Employees	38	at 2021-11-30^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.

All source rows · 1,281

Item	Context	Value	Unit
Net assets	Prior2YearInstant_NonConsolidatedMember_RetainedEarningsMember	1924986000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_TreasuryStockMember	-700951000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_ShareholdersEquityMember	2803328000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember	3974000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember	2807302000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-27026000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	-27026000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	-27026000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember	-27026000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	169623000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	169623000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	169623000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember	169623000	JPY
Purchase of treasury stock	Prior1YearDuration_NonConsolidatedMember_TreasuryStockMember	-27000	JPY
Purchase of treasury stock	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	-27000	JPY
Purchase of treasury stock	Prior1YearDuration_NonConsolidatedMember	-27000	JPY
Net changes of items other than shareholders equity	Prior1YearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember	15766000	JPY
Net changes of items other than shareholders equity	Prior1YearDuration_NonConsolidatedMember	15766000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_CapitalStockMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_OtherCapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_CapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	142597000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	142597000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_TreasuryStockMember	-27000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	142569000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember	15766000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember	158336000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_CapitalStockMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	－	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_CapitalSurplusMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	2067583000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_RetainedEarningsMember	2067583000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_TreasuryStockMember	-700978000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_ShareholdersEquityMember	2945898000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember	19740000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	2965639000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_CapitalStockMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	－	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_CapitalSurplusMember	789647000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	2067583000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_RetainedEarningsMember	2067583000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_TreasuryStockMember	-700978000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_ShareholdersEquityMember	2945898000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember	19740000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	2965639000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-54052000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-54052000	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 2024-11-30	pass
balance sheet identity	consolidated 2025-11-30	pass rounding
balance sheet identity	non_consolidated 2024-11-30	pass
balance sheet identity	non_consolidated 2025-11-30	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-11-30	pass
statement vs summary · net assets	consolidated 2024-11-30	pass
statement vs summary · net assets	consolidated 2025-11-30	pass
statement vs summary · net assets	non_consolidated 2023-11-30	pass
statement vs summary · net assets	non_consolidated 2024-11-30	pass
statement vs summary · net assets	non_consolidated 2025-11-30	pass
statement vs summary · net income attributable to parent	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · net income attributable to parent	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · operating cash flow	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · operating cash flow	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · revenue	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · revenue	non_consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	non_consolidated 2024-12-01/2025-11-30	pass
statement vs summary · total assets	consolidated 2024-11-30	pass
statement vs summary · total assets	consolidated 2025-11-30	pass
statement vs summary · total assets	non_consolidated 2024-11-30	pass
statement vs summary · total assets	non_consolidated 2025-11-30	pass