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
Deferred tax liabilities for land revaluation	Prior1YearInstant_NonConsolidatedMember	1342000000	JPY
Deferred tax liabilities for land revaluation	CurrentYearInstant_NonConsolidatedMember	1381000000	JPY
Provision for retirement benefits	Prior1YearInstant_NonConsolidatedMember	13095000000	JPY
Provision for retirement benefits	CurrentYearInstant_NonConsolidatedMember	12891000000	JPY
Provision for share based payments ncl	Prior1YearInstant_NonConsolidatedMember	127000000	JPY
Provision for share based payments ncl	CurrentYearInstant_NonConsolidatedMember	118000000	JPY
Asset retirement obligations ncl	Prior1YearInstant_NonConsolidatedMember	443000000	JPY
Asset retirement obligations ncl	CurrentYearInstant_NonConsolidatedMember	443000000	JPY
Other ncl	Prior1YearInstant_NonConsolidatedMember	－	JPY
Other ncl	CurrentYearInstant_NonConsolidatedMember	267000000	JPY
Noncurrent liabilities	Prior1YearInstant_NonConsolidatedMember	234584000000	JPY
Noncurrent liabilities	CurrentYearInstant_NonConsolidatedMember	225323000000	JPY
Liabilities	Prior1YearInstant_NonConsolidatedMember	400317000000	JPY
Liabilities	CurrentYearInstant_NonConsolidatedMember	370120000000	JPY
Capital stock	Prior1YearInstant_NonConsolidatedMember	199034000000	JPY
Capital stock	CurrentYearInstant_NonConsolidatedMember	199034000000	JPY
Legal capital surplus	Prior1YearInstant_NonConsolidatedMember	63927000000	JPY
Legal capital surplus	CurrentYearInstant_NonConsolidatedMember	63927000000	JPY
Other capital surplus	Prior1YearInstant_NonConsolidatedMember	13979000000	JPY
Other capital surplus	CurrentYearInstant_NonConsolidatedMember	13979000000	JPY
Capital surplus	Prior1YearInstant_NonConsolidatedMember	77906000000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	77906000000	JPY
Legal retained earnings	Prior1YearInstant_NonConsolidatedMember	6333000000	JPY
Legal retained earnings	CurrentYearInstant_NonConsolidatedMember	6333000000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	202784000000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	192130000000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	209117000000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	198463000000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-923000000	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-914000000	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	485136000000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	474490000000	JPY
Deferred gains or losses on hedges	Prior1YearInstant_NonConsolidatedMember	-1170000000	JPY
Deferred gains or losses on hedges	CurrentYearInstant_NonConsolidatedMember	-942000000	JPY
Revaluation reserve for land	Prior1YearInstant_NonConsolidatedMember	2885000000	JPY
Revaluation reserve for land	CurrentYearInstant_NonConsolidatedMember	2846000000	JPY
Valuation and translation adjustments	Prior1YearInstant_NonConsolidatedMember	1715000000	JPY
Valuation and translation adjustments	CurrentYearInstant_NonConsolidatedMember	1904000000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	486851000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	476394000000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	887169000000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	846515000000	JPY
Net sales	Prior1YearDuration_NonConsolidatedMember	318074000000	JPY
Net sales	CurrentYearDuration_NonConsolidatedMember	334368000000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	265545000000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	299261000000	JPY
Gross profit	Prior1YearDuration_NonConsolidatedMember	52528000000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	35106000000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	24084000000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	41203000000	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