Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 129
MetricValuePeriodScopeSource row
Revenue¥13.5bn2025-03-01 → 2026-02-28Cons.Net sales
Revenue¥12.4bn2024-03-01 → 2025-02-28Cons.Net sales
Revenue¥11.5bn2023-03-01 → 2024-02-29vCons.Net sales (5-year summary)
Operating income¥774m2025-03-01 → 2026-02-28Cons.Operating income
Operating income¥975m2024-03-01 → 2025-02-28Cons.Operating income
Ordinary income¥468m2025-03-01 → 2026-02-28Cons.Ordinary income
Ordinary income¥741m2024-03-01 → 2025-02-28Cons.Ordinary income
Ordinary income¥454m2023-03-01 → 2024-02-29vCons.Ordinary income loss (5-year summary)
Profit before tax¥467m2025-03-01 → 2026-02-28Cons.Income before income taxes
Profit before tax¥741m2024-03-01 → 2025-02-28Cons.Income before income taxes
Net income (owners)¥295m2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)¥462m2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)¥620m2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥295m2025-03-01 → 2026-02-28Cons.Profit loss
Net income¥462m2024-03-01 → 2025-02-28Cons.Profit loss
Total assets¥14.5bnat 2026-02-28Cons.Assets
Total assets¥13.2bnat 2025-02-28Cons.Assets
Total assets¥9.9bnat 2024-02-29vCons.Total assets (5-year summary)
Total liabilities¥10.5bnat 2026-02-28Cons.Liabilities
Total liabilities¥10.3bnat 2025-02-28Cons.Liabilities
Net assets / equity¥4.0bnat 2026-02-28Cons.Net assets
Net assets / equity¥3.0bnat 2025-02-28Cons.Net assets
Net assets / equity¥2.5bnat 2024-02-29vCons.Net assets
Cash and deposits¥5.1bnat 2026-02-28Cons.Cash and deposits
Cash and deposits¥4.4bnat 2025-02-28Cons.Cash and deposits
Cash & equivalents¥3.9bnat 2026-02-28Cons.Cash and cash equivalents
Cash & equivalents¥3.4bnat 2025-02-28Cons.Cash and cash equivalents
Cash & equivalents¥3.0bnat 2024-02-29vCons.Cash and cash equivalents
Operating cash flow−¥250m2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities
Operating cash flow−¥2.0bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities
Operating cash flow−¥215m2023-03-01 → 2024-02-29vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥284m2025-03-01 → 2026-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥69m2024-03-01 → 2025-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥565m2023-03-01 → 2024-02-29vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥1.0bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities
Financing cash flow¥2.5bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities
Financing cash flow¥713m2023-03-01 → 2024-02-29vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥216.42025-03-01 → 2026-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥383.892024-03-01 → 2025-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥567.372023-03-01 → 2024-02-29vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥558.372023-03-01 → 2024-02-29vCons.Diluted earnings per share (5-year summary)
Net assets per share¥2,643.86at 2026-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥2,449.29at 2025-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥2,084.75at 2024-02-29vCons.Net assets per share (5-year summary)
Equity ratio27.5%at 2026-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio22.3%at 2025-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio25.1%at 2024-02-29vCons.Equity to asset ratio (5-year summary)
ROE8.5%2025-03-01 → 2026-02-28Cons.Rate of return on equity (5-year summary)
ROE16.9%2024-03-01 → 2025-02-28Cons.Rate of return on equity (5-year summary)
ROE24.9%2023-03-01 → 2024-02-29vCons.Rate of return on equity (5-year summary)
Employees76at 2026-02-28Cons.Number of employees
Employees63at 2025-02-28Cons.Number of employees
Employees55at 2024-02-29vCons.Number of employees
Revenue¥13.3bn2025-03-01 → 2026-02-28StandaloneNet sales
Revenue¥12.4bn2024-03-01 → 2025-02-28StandaloneNet sales
Revenue¥11.4bn2023-03-01 → 2024-02-29vStandaloneNet sales (5-year summary)
Revenue¥9.4bn2022-03-01 → 2023-02-28vStandaloneNet sales (5-year summary)
Revenue¥9.6bn2021-03-01 → 2022-02-28vStandaloneNet sales (5-year summary)
Operating income¥793m2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥983m2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥490m2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥750m2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥414m2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥349m2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥304m2021-03-01 → 2022-02-28vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥489m2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥750m2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥322m2025-03-01 → 2026-02-28StandaloneProfit loss
Net income¥468m2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥593m2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥493m2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income−¥527m2021-03-01 → 2022-02-28vStandaloneNet income loss (5-year summary)
Total assets¥14.5bnat 2026-02-28StandaloneAssets
Total assets¥13.2bnat 2025-02-28StandaloneAssets
Total assets¥9.9bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥9.1bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥4.0bnat 2022-02-28vStandaloneTotal assets (5-year summary)
Total liabilities¥10.5bnat 2026-02-28StandaloneLiabilities
Total liabilities¥10.2bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥4.0bnat 2026-02-28StandaloneNet assets
Net assets / equity¥2.9bnat 2025-02-28StandaloneNet assets
Net assets / equity¥2.5bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥1.5bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥982mat 2022-02-28vStandaloneNet assets (5-year summary)
Cash and deposits¥5.0bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥4.3bnat 2025-02-28StandaloneCash and deposits
Cash & equivalents¥3.0bnat 2023-02-28vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥2.1bnat 2022-02-28vStandaloneCash and cash equivalents (5-year summary)
Operating cash flow−¥3.4bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.3bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow¥287m2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥177m2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥4.1bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.0bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥236.122025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥389.242024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥542.252023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥515.352022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-553.412021-03-01 → 2022-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥533.652023-03-01 → 2024-02-29vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥512.682022-03-01 → 2023-02-28vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥302025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥302024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥202023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,649.02at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥2,433.49at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥2,063.42at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,540.18at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,025.68at 2022-02-28vStandaloneNet assets per share (5-year summary)
Equity ratio27.6%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio22.3%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio25.0%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio16.3%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio24.6%at 2022-02-28vStandaloneEquity to asset ratio (5-year summary)
ROE9.3%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE17.3%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE30.0%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE40.2%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE-42.3%2021-03-01 → 2022-02-28vStandaloneRate of return on equity (5-year summary)
Shares issued1,508,000at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued1,208,000at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued1,197,000at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued957,500at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued957,500at 2022-02-28vStandaloneTotal number of issued shares (5-year summary)
Employees68at 2026-02-28StandaloneNumber of employees
Employees62at 2025-02-28StandaloneNumber of employees
Employees55at 2024-02-29vStandaloneNumber of employees
Employees43at 2023-02-28vStandaloneNumber of employees
Employees47at 2022-02-28vStandaloneNumber 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 · 54
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-03-01 → 2026-02-28¥762,000
Reconciling Itemsreconcilingdepreciation2025-03-01 → 2026-02-28¥7m
Reconciling Itemsreconcilingsegment assetsat 2026-02-28¥5.5bn
Reconciling Itemsreconcilingsegment profit2025-03-01 → 2026-02-28−¥315m
Real Estate Leasingreportable segmentcapex2025-03-01 → 2026-02-28¥3m
Real Estate Leasingreportable segmentdepreciation2025-03-01 → 2026-02-28¥26m
Real Estate Leasingreportable segmentemployeesat 2026-02-287 pure
Real Estate Leasingreportable segmentrevenue2025-03-01 → 2026-02-28¥704m
Real Estate Leasingreportable segmentrevenue external2025-03-01 → 2026-02-28¥704m
Real Estate Leasingreportable segmentsegment assetsat 2026-02-28¥418m
Real Estate Leasingreportable segmentsegment profit2025-03-01 → 2026-02-28¥74m
Real Estate Managementreportable segmentemployeesat 2026-02-2812 pure
Real Estate Managementreportable segmentrevenue2025-03-01 → 2026-02-28¥255m
Real Estate Managementreportable segmentrevenue external2025-03-01 → 2026-02-28¥255m
Real Estate Managementreportable segmentsegment assetsat 2026-02-28¥18m
Real Estate Managementreportable segmentsegment profit2025-03-01 → 2026-02-28¥89m
Real Estate Salesreportable segmentemployeesat 2026-02-2844 pure
Real Estate Salesreportable segmentrevenue2025-03-01 → 2026-02-28¥12.6bn
Real Estate Salesreportable segmentrevenue external2025-03-01 → 2026-02-28¥12.6bn
Real Estate Salesreportable segmentsegment assetsat 2026-02-28¥8.6bn
Real Estate Salesreportable segmentsegment profit2025-03-01 → 2026-02-28¥926m
—segment totalcapex2025-03-01 → 2026-02-28¥3m
—segment totaldepreciation2025-03-01 → 2026-02-28¥26m
—segment totalrevenue2025-03-01 → 2026-02-28¥13.5bn
—segment totalrevenue external2025-03-01 → 2026-02-28¥13.5bn
—segment totalsegment assetsat 2026-02-28¥9.0bn
—segment totalsegment profit2025-03-01 → 2026-02-28¥1.1bn
Reconciling Itemsreconcilingcapex2024-03-01 → 2025-02-28¥1m
Reconciling Itemsreconcilingdepreciation2024-03-01 → 2025-02-28¥8m
Reconciling Itemsreconcilingsegment assetsat 2025-02-28¥4.7bn
Reconciling Itemsreconcilingsegment profit2024-03-01 → 2025-02-28−¥267m
Real Estate Leasingreportable segmentcapex2024-03-01 → 2025-02-28¥528,000
Real Estate Leasingreportable segmentdepreciation2024-03-01 → 2025-02-28¥27m
Real Estate Leasingreportable segmentrevenue2024-03-01 → 2025-02-28¥712m
Real Estate Leasingreportable segmentrevenue external2024-03-01 → 2025-02-28¥712m
Real Estate Leasingreportable segmentsegment assetsat 2025-02-28¥449m
Real Estate Leasingreportable segmentsegment profit2024-03-01 → 2025-02-28¥129m
Real Estate Managementreportable segmentrevenue2024-03-01 → 2025-02-28¥224m
Real Estate Managementreportable segmentrevenue external2024-03-01 → 2025-02-28¥224m
Real Estate Managementreportable segmentsegment assetsat 2025-02-28¥15m
Real Estate Managementreportable segmentsegment profit2024-03-01 → 2025-02-28¥81m
Real Estate Salesreportable segmentrevenue2024-03-01 → 2025-02-28¥11.5bn
Real Estate Salesreportable segmentrevenue external2024-03-01 → 2025-02-28¥11.5bn
Real Estate Salesreportable segmentsegment assetsat 2025-02-28¥8.0bn
Real Estate Salesreportable segmentsegment profit2024-03-01 → 2025-02-28¥1.0bn
—segment totalcapex2024-03-01 → 2025-02-28¥528,000
—segment totaldepreciation2024-03-01 → 2025-02-28¥27m
—segment totalrevenue2024-03-01 → 2025-02-28¥12.4bn
—segment totalrevenue external2024-03-01 → 2025-02-28¥12.4bn
—segment totalsegment assetsat 2025-02-28¥8.5bn
—segment totalsegment profit2024-03-01 → 2025-02-28¥1.2bn
Real Estate Leasingreportable segmentemployeesat 2026-02-287 pure
Real Estate Managementreportable segmentemployeesat 2026-02-285 pure
Real Estate Salesreportable segmentemployeesat 2026-02-2843 pure

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

All source rows · 1,515
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)RSM清和監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)小菅 義郎
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)髙橋 仁
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)不動産販売事業に係る収益認識の適切性
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
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)RSM清和監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)小菅 義郎
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)髙橋 仁
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)不動産販売事業に係る収益認識の適切性
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)Prior4YearDuration-JPY
Net sales (5-year summary)Prior3YearDuration-JPY
Net sales (5-year summary)Prior2YearDuration11506543000JPY
Net sales (5-year summary)Prior1YearDuration12430301000JPY
Net sales (5-year summary)CurrentYearDuration13543337000JPY
Ordinary income loss (5-year summary)Prior4YearDuration-JPY
Ordinary income loss (5-year summary)Prior3YearDuration-JPY
Ordinary income loss (5-year summary)Prior2YearDuration454386000JPY
Ordinary income loss (5-year summary)Prior1YearDuration740751000JPY
Ordinary income loss (5-year summary)CurrentYearDuration468107000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration-JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration-JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration620059000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration461965000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration294734000JPY
Comprehensive income (5-year summary)Prior4YearDuration-JPY
Comprehensive income (5-year summary)Prior3YearDuration-JPY
Comprehensive income (5-year summary)Prior2YearDuration620059000JPY
Comprehensive income (5-year summary)Prior1YearDuration461965000JPY
Comprehensive income (5-year summary)CurrentYearDuration294734000JPY
Net assets (5-year summary)Prior4YearInstant-JPY
Net assets (5-year summary)Prior3YearInstant-JPY
Net assets (5-year summary)Prior2YearInstant2495050000JPY
Net assets (5-year summary)Prior1YearInstant2958166000JPY
Net assets (5-year summary)CurrentYearInstant3986242000JPY
Total assets (5-year summary)Prior4YearInstant-JPY
Total assets (5-year summary)Prior3YearInstant-JPY
Total assets (5-year summary)Prior2YearInstant9931897000JPY

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 2025-02-28pass rounding
balance sheet identityconsolidated 2026-02-28pass
balance sheet identitynon_consolidated 2025-02-28pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-02-29pass
statement vs summary · net assetsconsolidated 2025-02-28pass
statement vs summary · net assetsconsolidated 2026-02-28pass
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-03-01/2025-02-28pass
statement vs summary · net income attributable to parentconsolidated 2025-03-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-03-01/2025-02-28pass
statement vs summary · operating cash flowconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenueconsolidated 2024-03-01/2025-02-28pass
statement vs summary · revenueconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-02-28pass
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass