Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥58.5bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥59.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥57.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥56.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥53.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥2.7bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥2.7bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥2.6bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.4bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.3bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.7bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥2.7bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥1.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.8bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.8bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥1.8bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥17.4bn	at 2025-12-31	Cons.	Assets
Total assets	¥18.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥18.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥18.0bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥17.4bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥8.2bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥9.4bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥9.3bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥9.3bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥8.6bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥7.6bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥6.8bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥6.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥7.6bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥6.8bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.5bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.8bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.4bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥7.2bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥3.0bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.0bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥384m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥428m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥932m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥468m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥2.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥2.9bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.6bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.8bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥1.5bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥107.24	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥103.28	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥102.7	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥90.23	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥65.8	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥553.91	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥532.08	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥487.45	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥430.8	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥384.28	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	53.1%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	49.8%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	47.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	42.3%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	38.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	19.4%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	20.4%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	22.4%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	22.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	17.6%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	411	at 2025-12-31	Cons.	Number of employees
Employees	406	at 2024-12-31	Cons.	Number of employees
Employees	374	at 2023-12-31^v	Cons.	Number of employees
Employees	316	at 2022-12-31^v	Cons.	Number of employees
Employees	268	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥50.2bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥52.1bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥51.2bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥50.8bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥49.8bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥1.4bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥1.5bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥3.0bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥2.6bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥1.2bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.6bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.7bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥3.1bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥3.0bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥2.6bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥2.6bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥898m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥1.0bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥1.5bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥13.1bn	at 2025-12-31	Standalone	Assets
Total assets	¥13.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥12.4bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥13.2bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥13.2bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥5.2bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥6.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥7.9bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥7.2bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥5.8bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥5.7bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥5.4bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥3.4bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥3.3bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥152.04	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥144.61	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥50.74	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥59.38	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥83	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥60	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥55	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥51	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥48	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥44	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥472.88	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥412.03	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥327.33	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥322.02	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥306.02	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	60.2%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	52.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	47.0%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	43.0%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	40.7%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	33.7%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	39.4%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	15.6%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	18.9%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	29.0%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	17,725,600	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	19,025,600	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	19,025,600	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	19,025,600	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	19,025,600	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	285	at 2025-12-31	Standalone	Number of employees
Employees	280	at 2024-12-31	Standalone	Number of employees
Employees	282	at 2023-12-31^v	Standalone	Number of employees
Employees	235	at 2022-12-31^v	Standalone	Number of employees
Employees	202	at 2021-12-31^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 · 1,236

Item	Context	Value
Net assets per share (5-year summary)	Prior2YearInstant_NonConsolidatedMember	327.33
Net assets per share (5-year summary)	Prior1YearInstant_NonConsolidatedMember	412.03
Net assets per share (5-year summary)	CurrentYearInstant_NonConsolidatedMember	472.88
Dividend paid per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	44.00
Dividend paid per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	48.00
Dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	51.00
Dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	55.00
Dividend paid per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	60.00
Interim dividend paid per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	22.00
Interim dividend paid per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	24.00
Interim dividend paid per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	25.50
Interim dividend paid per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	27.50
Interim dividend paid per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	29.00
Basic earnings loss per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	83.00
Basic earnings loss per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	59.38
Basic earnings loss per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	50.74
Basic earnings loss per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	144.61
Basic earnings loss per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	152.04
Diluted earnings per share (5-year summary)	Prior4YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior3YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior2YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	Prior1YearDuration_NonConsolidatedMember	－
Diluted earnings per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	－
Equity to asset ratio (5-year summary)	Prior4YearInstant_NonConsolidatedMember	0.407
Equity to asset ratio (5-year summary)	Prior3YearInstant_NonConsolidatedMember	0.430
Equity to asset ratio (5-year summary)	Prior2YearInstant_NonConsolidatedMember	0.470
Equity to asset ratio (5-year summary)	Prior1YearInstant_NonConsolidatedMember	0.529
Equity to asset ratio (5-year summary)	CurrentYearInstant_NonConsolidatedMember	0.602
Rate of return on equity (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.290
Rate of return on equity (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.189
Rate of return on equity (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.156
Rate of return on equity (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.394
Rate of return on equity (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.337
Price earnings ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	12.1
Price earnings ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	16.8
Price earnings ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	22.1
Price earnings ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	7.8
Price earnings ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	8.5
Payout ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.530
Payout ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.808
Payout ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	1.005
Payout ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.380
Payout ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.395
Number of employees	Prior4YearInstant_NonConsolidatedMember	202
Number of employees	Prior3YearInstant_NonConsolidatedMember	235
Number of employees	Prior2YearInstant_NonConsolidatedMember	282
Number of employees	Prior1YearInstant_NonConsolidatedMember	280
Number of employees	CurrentYearInstant_NonConsolidatedMember	285
Average number of temporary workers	Prior4YearInstant_NonConsolidatedMember	2
Average number of temporary workers	Prior3YearInstant_NonConsolidatedMember	9

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 2024-12-31	pass rounding
balance sheet identity	consolidated 2025-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass
balance sheet identity	non_consolidated 2025-12-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass