Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 158
MetricValuePeriodScopeSource row
Revenue¥44.6bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥34.4bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥28.7bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥23.6bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥17.9bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥13.4bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥11.4bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥12.2bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥10.7bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥7.5bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥7.2bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥5.3bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥11.7bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥10.1bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥8.0bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥6.9bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥4.9bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥4.8bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥3.5bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥8.0bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥6.9bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥124.1bnat 2025-12-31Cons.Assets
Total assets¥107.4bnat 2024-12-31Cons.Assets
Total assets¥75.5bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥65.7bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥57.0bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥91.1bnat 2025-12-31Cons.Liabilities
Total liabilities¥81.8bnat 2024-12-31Cons.Liabilities
Net assets / equity¥32.9bnat 2025-12-31Cons.Net assets
Net assets / equity¥25.6bnat 2024-12-31Cons.Net assets
Net assets / equity¥19.3bnat 2023-12-31vCons.Net assets
Net assets / equity¥14.8bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥10.8bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥14.6bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥12.7bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥14.6bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥12.7bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥11.9bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥9.4bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥7.9bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥2.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥18.7bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥789m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.5bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥450m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥475m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥232m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥12m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥5.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥19.9bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥3.3bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥3.2bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.0bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥479.562025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥416.732024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥301.482023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥301.692022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥211.52021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥470.682025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥408.192024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥296.222023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥294.582022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥208.332021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,925.19at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,514.88at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,152.48at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥906.11at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥656.46at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio26.1%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio23.4%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio25.1%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio22.2%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio18.9%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE27.7%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE31.2%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE29.1%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE38.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE37.5%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees85at 2025-12-31Cons.Number of employees
Employees62at 2024-12-31Cons.Number of employees
Employees61at 2023-12-31vCons.Number of employees
Employees64at 2022-12-31vCons.Number of employees
Employees52at 2021-12-31dCons.Number of employees
Revenue¥37.8bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥30.9bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥27.6bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥22.8bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥17.3bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥11.2bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥9.7bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥10.8bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥9.2bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥6.7bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥6.8bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥4.8bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥10.8bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥9.1bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥7.7bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥6.2bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥4.6bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥4.7bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥3.3bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥90.9bnat 2025-12-31StandaloneAssets
Total assets¥76.0bnat 2024-12-31StandaloneAssets
Total assets¥64.6bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥55.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥46.7bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥59.9bnat 2025-12-31StandaloneLiabilities
Total liabilities¥52.0bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥31.0bnat 2025-12-31StandaloneNet assets
Net assets / equity¥24.0bnat 2024-12-31StandaloneNet assets
Net assets / equity¥18.3bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥14.1bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥10.3bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥9.2bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥7.4bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥463.782025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥378.972024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥281.462023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥290.612022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥201.042021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥455.22025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥371.212024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥276.542023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥283.762022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥198.032021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥862025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥702024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥52.52023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥502022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥322021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,812.27at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,415.89at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,090.68at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥863.04at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥625.14at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio33.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio30.8%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio27.8%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio25.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio22.0%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE28.6%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE30.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE28.7%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE38.6%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE37.1%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued21,444,000at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,444,000at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,444,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued21,444,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued21,444,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees66at 2025-12-31StandaloneNumber of employees
Employees62at 2024-12-31StandaloneNumber of employees
Employees61at 2023-12-31vStandaloneNumber of employees
Employees64at 2022-12-31vStandaloneNumber of employees
Employees52at 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.

All source rows · 1,457
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)太陽有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)陶江 徹
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)中居 仁良
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
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【注記事項】(重要な会計上の見積り)
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)太陽有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)陶江 徹
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)中居 仁良
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
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)Prior4YearDuration17920000000JPY
Net sales (5-year summary)Prior3YearDuration23637000000JPY
Net sales (5-year summary)Prior2YearDuration28726000000JPY
Net sales (5-year summary)Prior1YearDuration34421000000JPY
Net sales (5-year summary)CurrentYearDuration44633000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration5327000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration7230000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration7456000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration10699000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration12239000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration3465000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration4843000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration4883000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration6871000000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration7976000000JPY
Comprehensive income (5-year summary)Prior4YearDuration3465000000JPY
Comprehensive income (5-year summary)Prior3YearDuration4843000000JPY
Comprehensive income (5-year summary)Prior2YearDuration4883000000JPY
Comprehensive income (5-year summary)Prior1YearDuration6826000000JPY
Comprehensive income (5-year summary)CurrentYearDuration7930000000JPY
Net assets (5-year summary)Prior4YearInstant10847000000JPY
Net assets (5-year summary)Prior3YearInstant14769000000JPY
Net assets (5-year summary)Prior2YearInstant19293000000JPY
Net assets (5-year summary)Prior1YearInstant25642000000JPY
Net assets (5-year summary)CurrentYearInstant32943000000JPY
Total assets (5-year summary)Prior4YearInstant56983000000JPY
Total assets (5-year summary)Prior3YearInstant65704000000JPY

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
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