Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-24
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 154
MetricValuePeriodScopeSource row
Revenue¥23.3bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥25.6bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥23.3bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥15.5bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥16.8bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥2.2bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.9bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥1.9bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.6bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.8bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.3bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1000m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.9bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥1.6bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.1bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.2bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.1bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥609m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥1.1bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥40.7bnat 2025-12-31Cons.Assets
Total assets¥33.1bnat 2024-12-31Cons.Assets
Total assets¥31.0bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥29.0bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥20.1bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥27.1bnat 2025-12-31Cons.Liabilities
Total liabilities¥20.3bnat 2024-12-31Cons.Liabilities
Net assets / equity¥13.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥12.8bnat 2024-12-31Cons.Net assets
Net assets / equity¥12.1bnat 2023-12-31vCons.Net assets
Net assets / equity¥11.1bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥10.3bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥4.7bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥5.0bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥4.0bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.4bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥2.7bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥3.2bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥4.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥6.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥12m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥9.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.7bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥464m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥715m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥766m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥267m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥51m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥6.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥303m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥8.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥608m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥158.932025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥127.222024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥143.792023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥129.612022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥73.562021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥143.722023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥129.012022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥73.222021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,670at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,541.81at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,465.49at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,356.38at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,248.99at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio33.3%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio38.5%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio39.0%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio38.1%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.4%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE9.8%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE8.5%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE10.2%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE9.9%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE6.0%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees190at 2025-12-31Cons.Number of employees
Employees191at 2024-12-31Cons.Number of employees
Employees187at 2023-12-31vCons.Number of employees
Employees179at 2022-12-31vCons.Number of employees
Employees187at 2021-12-31dCons.Number of employees
Revenue¥23.3bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥25.6bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥23.3bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥15.3bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥15.5bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥2.3bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.9bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.9bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.6bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.8bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.3bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥993m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.9bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥1.6bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥1.3bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥1.1bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥1.2bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.1bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥604m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥40.7bnat 2025-12-31StandaloneAssets
Total assets¥33.1bnat 2024-12-31StandaloneAssets
Total assets¥31.0bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥29.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥19.7bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥27.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥20.3bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥13.6bnat 2025-12-31StandaloneNet assets
Net assets / equity¥12.8bnat 2024-12-31StandaloneNet assets
Net assets / equity¥12.1bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥11.1bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥10.3bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥4.7bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥5.0bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥159.772025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥127.72024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥144.182023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥128.82022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥72.852021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥144.112023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥128.22022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥72.512021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥462025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥412024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥332023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥282022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥262021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,672.29at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,543.24at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,466.45at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,356.96at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,250.37at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio33.4%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio38.6%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio39.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio38.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio52.4%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE9.9%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE10.3%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE9.9%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE5.9%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued8,584,900at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued8,584,900at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued8,584,900at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,510,300at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,474,800at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees190at 2025-12-31StandaloneNumber of employees
Employees191at 2024-12-31StandaloneNumber of employees
Employees187at 2023-12-31vStandaloneNumber of employees
Employees179at 2022-12-31vStandaloneNumber of employees
Employees168at 2021-12-31dStandaloneNumber 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 · 2
SegmentItemPeriodValue
Real Estate Sales Businessreportable segmentemployeesat 2025-12-31124 pure
Real Estate Sales Businessreportable segmentemployeesat 2025-12-31124 pure

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

All source rows · 1,297
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)和泉監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)田  中  量
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)諏 訪 祐 一 郎
Cpa3 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)植 田  幹 郎
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)販売用不動産の評価の合理性
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)(連結財務諸表作成のための基本となる重要な事項) 4.会計方針に関する事項(1)重要な資産の評価基準及び評価方法
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)和泉監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)田  中  量
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)諏 訪 祐 一 郎
Cpa3 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)植 田  幹 郎
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)販売用不動産の評価の合理性
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration16836117000JPY
Net sales (5-year summary)Prior3YearDuration15533287000JPY
Net sales (5-year summary)Prior2YearDuration23269002000JPY
Net sales (5-year summary)Prior1YearDuration25620399000JPY
Net sales (5-year summary)CurrentYearDuration23348884000JPY
Ordinary income loss (5-year summary)Prior4YearDuration999730000JPY
Ordinary income loss (5-year summary)Prior3YearDuration1283695000JPY
Ordinary income loss (5-year summary)Prior2YearDuration1765112000JPY
Ordinary income loss (5-year summary)Prior1YearDuration1585474000JPY
Ordinary income loss (5-year summary)CurrentYearDuration1852492000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration609456000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration1060019000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration1182939000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration1050725000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration1294936000JPY
Comprehensive income (5-year summary)Prior4YearDuration609456000JPY
Comprehensive income (5-year summary)Prior3YearDuration1060019000JPY
Comprehensive income (5-year summary)Prior2YearDuration1182939000JPY
Comprehensive income (5-year summary)Prior1YearDuration1048644000JPY
Comprehensive income (5-year summary)CurrentYearDuration1299737000JPY
Net assets (5-year summary)Prior4YearInstant10301793000JPY
Net assets (5-year summary)Prior3YearInstant11056333000JPY
Net assets (5-year summary)Prior2YearInstant12076934000JPY
Net assets (5-year summary)Prior1YearInstant12758539000JPY
Net assets (5-year summary)CurrentYearInstant13551398000JPY

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 identityconsolidated 2024-12-31pass rounding
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass