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	¥409.7bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥396.6bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥425.9bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥441.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥335.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥1.3bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥36.9bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥3.9bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥37.5bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥72.6bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥111.3bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥51.1bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥3.9bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥31.6bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥11.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥19.9bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥63.9bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥70.2bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥41.1bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥10.1bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥23.3bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥1.13T	at 2025-12-31	Cons.	Assets
Total assets	¥1.17T	at 2024-12-31	Cons.	Assets
Total assets	¥1.07T	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥892.6bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥764.8bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥480.2bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥515.4bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥647.8bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥657.2bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥635.5bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥591.5bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥522.8bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥67.3bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥87.2bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥75.3bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥95.7bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥156.4bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥259.3bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥224.7bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥100.0bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥69.6bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥96.3bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥179.5bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥104.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥111.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥247.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥247.7bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥126.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥67.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥8.7bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥112.3bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥43.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥23.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥99.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-33.6	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥56.84	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥182.59	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥200.49	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥135.86	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,653.87	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,693.17	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,636.19	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,523.71	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,359.77	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	51.3%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	50.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	53.3%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.8%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	62.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	-2.0%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	3.4%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	11.6%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.9%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	10.4%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	9,714	at 2025-12-31	Cons.	Number of employees
Employees	9,850	at 2024-12-31	Cons.	Number of employees
Employees	9,847	at 2023-12-31^v	Cons.	Number of employees
Employees	9,189	at 2022-12-31^v	Cons.	Number of employees
Employees	8,469	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥334.4bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥318.1bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥342.3bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥367.3bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥284.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥6.1bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥28.4bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥5.0bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥28.7bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥59.8bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥76.4bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥41.7bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥5.0bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥28.7bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥5.1bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥19.9bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥47.2bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥60.0bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥40.5bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥846.5bn	at 2025-12-31	Standalone	Assets
Total assets	¥887.2bn	at 2024-12-31	Standalone	Assets
Total assets	¥813.3bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥750.3bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥679.5bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥370.1bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥400.3bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥476.4bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥486.9bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥477.9bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥463.1bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥423.1bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥45.2bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥53.2bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-14.44	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥56.78	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥134.87	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥171.38	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥133.72	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥20	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥21	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥55	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥81	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥41	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,362.25	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,392.17	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,366.73	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,322.54	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,208.42	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	56.3%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	58.8%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	61.7%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	62.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	-1.0%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	4.1%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	10.0%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.5%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	11.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	350,175,139	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	350,175,139	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	350,175,139	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	350,175,139	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	350,175,139	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	5,065	at 2025-12-31	Standalone	Number of employees
Employees	4,992	at 2024-12-31	Standalone	Number of employees
Employees	4,938	at 2023-12-31^v	Standalone	Number of employees
Employees	4,622	at 2022-12-31^v	Standalone	Number of employees
Employees	4,168	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 · 1,527

Item	Context	Value	Unit
Net assets	Prior1YearInstant	657236000000	JPY
Net assets	CurrentYearInstant	647785000000	JPY
Liabilities and net assets	Prior1YearInstant	1172683000000	JPY
Liabilities and net assets	CurrentYearInstant	1127966000000	JPY
Net sales	Prior1YearDuration	396619000000	JPY
Net sales	CurrentYearDuration	409670000000	JPY
Cost of sales	Prior1YearDuration	323893000000	JPY
Cost of sales	CurrentYearDuration	355168000000	JPY
Gross profit	Prior1YearDuration	72726000000	JPY
Gross profit	CurrentYearDuration	54502000000	JPY
Selling general and administrative expenses	Prior1YearDuration	35801000000	JPY
Selling general and administrative expenses	CurrentYearDuration	53160000000	JPY
Operating income	Prior1YearDuration	36924000000	JPY
Operating income	CurrentYearDuration	1342000000	JPY
Interest income noi	Prior1YearDuration	2191000000	JPY
Interest income noi	CurrentYearDuration	1650000000	JPY
Dividends income noi	Prior1YearDuration	70000000	JPY
Dividends income noi	CurrentYearDuration	43000000	JPY
Insurance income noi	Prior1YearDuration	760000000	JPY
Insurance income noi	CurrentYearDuration	1326000000	JPY
Subsidy income noi bounty	Prior1YearDuration	2076000000	JPY
Subsidy income noi bounty	CurrentYearDuration	830000000	JPY
Equity in earnings of affiliates noi	Prior1YearDuration	407000000	JPY
Equity in earnings of affiliates noi	CurrentYearDuration	459000000	JPY
Other noi	Prior1YearDuration	644000000	JPY
Other noi	CurrentYearDuration	285000000	JPY
Non operating income	Prior1YearDuration	6150000000	JPY
Non operating income	CurrentYearDuration	4595000000	JPY
Interest expenses noe	Prior1YearDuration	2619000000	JPY
Interest expenses noe	CurrentYearDuration	2709000000	JPY
Depreciation noe	Prior1YearDuration	1823000000	JPY
Depreciation noe	CurrentYearDuration	4592000000	JPY
Foreign exchange losses noe	Prior1YearDuration	－	JPY
Foreign exchange losses noe	CurrentYearDuration	1745000000	JPY
Other noe	Prior1YearDuration	1175000000	JPY
Other noe	CurrentYearDuration	777000000	JPY
Non operating expenses	Prior1YearDuration	5618000000	JPY
Non operating expenses	CurrentYearDuration	9824000000	JPY
Ordinary income	Prior1YearDuration	37457000000	JPY
Ordinary income	CurrentYearDuration	-3886000000	JPY
Business structure improvement expenses el	Prior1YearDuration	5814000000	JPY
Business structure improvement expenses el	CurrentYearDuration	－	JPY
Extraordinary loss	Prior1YearDuration	5814000000	JPY
Extraordinary loss	CurrentYearDuration	－	JPY
Income before income taxes	Prior1YearDuration	31642000000	JPY
Income before income taxes	CurrentYearDuration	-3886000000	JPY
Income taxes current	Prior1YearDuration	12118000000	JPY
Income taxes current	CurrentYearDuration	4314000000	JPY
Income taxes deferred	Prior1YearDuration	-3751000000	JPY
Income taxes deferred	CurrentYearDuration	1866000000	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 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass rounding
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