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
Net assetsCurrentYearInstant_RetainedEarningsMember31699000000JPY
Net assetsCurrentYearInstant_TreasuryStockMember-2651000000JPY
Net assetsCurrentYearInstant_ShareholdersEquityMember32513000000JPY
Net assetsPrior1YearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember-44000000JPY
Net assetsPrior1YearInstant_ValuationAndTranslationAdjustmentsMember-44000000JPY
Net assetsPrior1YearInstant_SubscriptionRightsToSharesMember555000000JPY
Net assetsPrior1YearInstant_NonControllingInterestsMember0JPY
Net assetsPrior1YearInstant25642000000JPY
Dividends from surplusCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Dividends from surplusCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Dividends from surplusCurrentYearDuration_SubscriptionRightsToSharesMember-JPY
Dividends from surplusCurrentYearDuration_NonControllingInterestsMember-JPY
Dividends from surplusCurrentYearDuration-1159000000JPY
Disposal of treasury stockCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Disposal of treasury stockCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Disposal of treasury stockCurrentYearDuration_SubscriptionRightsToSharesMember-JPY
Disposal of treasury stockCurrentYearDuration_NonControllingInterestsMember-JPY
Disposal of treasury stockCurrentYearDuration564000000JPY
Profit loss attributable to owners of parentCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Profit loss attributable to owners of parentCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Profit loss attributable to owners of parentCurrentYearDuration_SubscriptionRightsToSharesMember-JPY
Profit loss attributable to owners of parentCurrentYearDuration_NonControllingInterestsMember-JPY
Profit loss attributable to owners of parentCurrentYearDuration7976000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-46000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-46000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_SubscriptionRightsToSharesMember-50000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonControllingInterestsMember16000000JPY
Net changes of items other than shareholders equityCurrentYearDuration-80000000JPY
Total changes of items during the periodCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-46000000JPY
Total changes of items during the periodCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-46000000JPY
Total changes of items during the periodCurrentYearDuration_SubscriptionRightsToSharesMember-50000000JPY
Total changes of items during the periodCurrentYearDuration_NonControllingInterestsMember16000000JPY
Total changes of items during the periodCurrentYearDuration7301000000JPY
Net assetsCurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember-91000000JPY
Net assetsCurrentYearInstant_ValuationAndTranslationAdjustmentsMember-91000000JPY
Net assetsCurrentYearInstant_SubscriptionRightsToSharesMember504000000JPY
Net assetsCurrentYearInstant_NonControllingInterestsMember16000000JPY
Net assetsCurrentYearInstant32943000000JPY
Income before income taxesPrior1YearDuration10055000000JPY
Income before income taxesCurrentYearDuration11673000000JPY
Depreciation and amortization ope cfPrior1YearDuration970000000JPY
Depreciation and amortization ope cfCurrentYearDuration1483000000JPY
Interest expenses ope cfPrior1YearDuration716000000JPY
Interest expenses ope cfCurrentYearDuration1288000000JPY
Commission fee ope cfPrior1YearDuration262000000JPY
Commission fee ope cfCurrentYearDuration234000000JPY
Loss gain on valuation of derivatives ope cfPrior1YearDuration-222000000JPY
Loss gain on valuation of derivatives ope cfCurrentYearDuration-359000000JPY
Loss gain on valuation of investment securities ope cfPrior1YearDuration125000000JPY
Loss gain on valuation of investment securities ope cfCurrentYearDuration10000000JPY

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