Annual report

Period2025-03-01 → 2026-02-28

Filed2026-05-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 143

Metric	Value	Period	Scope	Source row
Revenue	¥19.4bn	2025-03-01 → 2026-02-28	Cons.	Net sales
Revenue	¥19.2bn	2024-03-01 → 2025-02-28	Cons.	Net sales
Revenue	¥13.4bn	2023-03-01 → 2024-02-29^v	Cons.	Net sales (5-year summary)
Revenue	¥10.5bn	2022-03-01 → 2023-02-28^v	Cons.	Net sales (5-year summary)
Operating income	¥2.4bn	2025-03-01 → 2026-02-28	Cons.	Operating income
Operating income	¥1.5bn	2024-03-01 → 2025-02-28	Cons.	Operating income
Ordinary income	¥2.6bn	2025-03-01 → 2026-02-28	Cons.	Ordinary income
Ordinary income	¥1.6bn	2024-03-01 → 2025-02-28	Cons.	Ordinary income
Ordinary income	¥1.7bn	2023-03-01 → 2024-02-29^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥964m	2022-03-01 → 2023-02-28^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.6bn	2025-03-01 → 2026-02-28	Cons.	Income before income taxes
Profit before tax	¥1.1bn	2024-03-01 → 2025-02-28	Cons.	Income before income taxes
Net income (owners)	¥1.6bn	2025-03-01 → 2026-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥565m	2024-03-01 → 2025-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.0bn	2023-03-01 → 2024-02-29^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.3bn	2022-03-01 → 2023-02-28^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.6bn	2025-03-01 → 2026-02-28	Cons.	Profit loss
Net income	¥649m	2024-03-01 → 2025-02-28	Cons.	Profit loss
Total assets	¥15.6bn	at 2026-02-28	Cons.	Assets
Total assets	¥12.1bn	at 2025-02-28	Cons.	Assets
Total assets	¥11.8bn	at 2024-02-29^v	Cons.	Total assets (5-year summary)
Total assets	¥10.0bn	at 2023-02-28^v	Cons.	Total assets (5-year summary)
Total liabilities	¥7.0bn	at 2026-02-28	Cons.	Liabilities
Total liabilities	¥5.7bn	at 2025-02-28	Cons.	Liabilities
Net assets / equity	¥8.6bn	at 2026-02-28	Cons.	Net assets
Net assets / equity	¥6.4bn	at 2025-02-28	Cons.	Net assets
Net assets / equity	¥6.4bn	at 2024-02-29^v	Cons.	Net assets
Net assets / equity	¥5.9bn	at 2023-02-28^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.9bn	at 2026-02-28	Cons.	Cash and deposits
Cash and deposits	¥3.0bn	at 2025-02-28	Cons.	Cash and deposits
Cash & equivalents	¥2.9bn	at 2026-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.0bn	at 2025-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.8bn	at 2024-02-29^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.6bn	at 2023-02-28^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.8bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.9bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥815m	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.4bn	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥1.4bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1.3bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥3.6bn	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.6bn	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥490m	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥3.1bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥949m	2023-03-01 → 2024-02-29^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥533m	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥154.62	2025-03-01 → 2026-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥55.1	2024-03-01 → 2025-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥91.78	2023-03-01 → 2024-02-29^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥112.17	2022-03-01 → 2023-02-28^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥151.61	2025-03-01 → 2026-02-28	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥52.86	2024-03-01 → 2025-02-28	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥88.32	2023-03-01 → 2024-02-29^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥110.62	2022-03-01 → 2023-02-28^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥725.64	at 2026-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥555.7	at 2025-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥578.64	at 2024-02-29^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥527.1	at 2023-02-28^v	Cons.	Net assets per share (5-year summary)
Equity ratio	48.2%	at 2026-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.2%	at 2025-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	52.9%	at 2024-02-29^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	58.9%	at 2023-02-28^v	Cons.	Equity to asset ratio (5-year summary)
ROE	24.2%	2025-03-01 → 2026-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	9.7%	2024-03-01 → 2025-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	16.6%	2023-03-01 → 2024-02-29^v	Cons.	Rate of return on equity (5-year summary)
ROE	21.4%	2022-03-01 → 2023-02-28^v	Cons.	Rate of return on equity (5-year summary)
Employees	336	at 2026-02-28	Cons.	Number of employees
Employees	241	at 2025-02-28	Cons.	Number of employees
Employees	163	at 2024-02-29^v	Cons.	Number of employees
Employees	155	at 2023-02-28^v	Cons.	Number of employees
Revenue	¥8.0bn	2025-03-01 → 2026-02-28	Standalone	Net sales
Revenue	¥8.3bn	2024-03-01 → 2025-02-28	Standalone	Net sales
Revenue	¥9.0bn	2023-03-01 → 2024-02-29^v	Standalone	Net sales (5-year summary)
Revenue	¥9.3bn	2022-03-01 → 2023-02-28^v	Standalone	Net sales (5-year summary)
Revenue	¥9.9bn	2021-03-01 → 2022-02-28^v	Standalone	Net sales (5-year summary)
Operating income	¥1.2bn	2025-03-01 → 2026-02-28	Standalone	Operating income
Operating income	¥594m	2024-03-01 → 2025-02-28	Standalone	Operating income
Ordinary income	¥1.3bn	2025-03-01 → 2026-02-28	Standalone	Ordinary income
Ordinary income	¥602m	2024-03-01 → 2025-02-28	Standalone	Ordinary income
Ordinary income	¥1.2bn	2023-03-01 → 2024-02-29^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥837m	2022-03-01 → 2023-02-28^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥853m	2021-03-01 → 2022-02-28^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥1.3bn	2025-03-01 → 2026-02-28	Standalone	Income before income taxes
Profit before tax	¥599m	2024-03-01 → 2025-02-28	Standalone	Income before income taxes
Net income	¥904m	2025-03-01 → 2026-02-28	Standalone	Profit loss
Net income	¥412m	2024-03-01 → 2025-02-28	Standalone	Profit loss
Net income	¥783m	2023-03-01 → 2024-02-29^v	Standalone	Net income loss (5-year summary)
Net income	¥1.2bn	2022-03-01 → 2023-02-28^v	Standalone	Net income loss (5-year summary)
Net income	¥605m	2021-03-01 → 2022-02-28^v	Standalone	Net income loss (5-year summary)
Total assets	¥13.8bn	at 2026-02-28	Standalone	Assets
Total assets	¥10.5bn	at 2025-02-28	Standalone	Assets
Total assets	¥9.8bn	at 2024-02-29^v	Standalone	Total assets (5-year summary)
Total assets	¥8.2bn	at 2023-02-28^v	Standalone	Total assets (5-year summary)
Total assets	¥7.0bn	at 2022-02-28^v	Standalone	Total assets (5-year summary)
Total liabilities	¥7.3bn	at 2026-02-28	Standalone	Liabilities
Total liabilities	¥5.5bn	at 2025-02-28	Standalone	Liabilities
Net assets / equity	¥6.4bn	at 2026-02-28	Standalone	Net assets
Net assets / equity	¥5.1bn	at 2025-02-28	Standalone	Net assets
Net assets / equity	¥6.0bn	at 2024-02-29^v	Standalone	Net assets
Net assets / equity	¥5.8bn	at 2023-02-28^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.8bn	at 2022-02-28^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥759m	at 2026-02-28	Standalone	Cash and deposits
Cash and deposits	¥1.3bn	at 2025-02-28	Standalone	Cash and deposits
Cash & equivalents	¥3.3bn	at 2022-02-28^v	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.2bn	2021-03-01 → 2022-02-28^v	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥506m	2021-03-01 → 2022-02-28^v	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥225m	2021-03-01 → 2022-02-28^v	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥88.98	2025-03-01 → 2026-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥40.15	2024-03-01 → 2025-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥71.73	2023-03-01 → 2024-02-29^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥107.33	2022-03-01 → 2023-02-28^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥53.42	2021-03-01 → 2022-02-28^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥87.25	2025-03-01 → 2026-02-28	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥38.51	2024-03-01 → 2025-02-28	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥69.03	2023-03-01 → 2024-02-29^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥105.85	2022-03-01 → 2023-02-28^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥51.87	2021-03-01 → 2022-02-28^v	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥30	2025-03-01 → 2026-02-28	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥620.1	at 2026-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥512.42	at 2025-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥553.27	at 2024-02-29^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥522.23	at 2023-02-28^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥420.82	at 2022-02-28^v	Standalone	Net assets per share (5-year summary)
Equity ratio	46.7%	at 2026-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	47.9%	at 2025-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	61.0%	at 2024-02-29^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	70.8%	at 2023-02-28^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	68.1%	at 2022-02-28^v	Standalone	Equity to asset ratio (5-year summary)
ROE	15.8%	2025-03-01 → 2026-02-28	Standalone	Rate of return on equity (5-year summary)
ROE	7.5%	2024-03-01 → 2025-02-28	Standalone	Rate of return on equity (5-year summary)
ROE	13.3%	2023-03-01 → 2024-02-29^v	Standalone	Rate of return on equity (5-year summary)
ROE	22.8%	2022-03-01 → 2023-02-28^v	Standalone	Rate of return on equity (5-year summary)
ROE	12.7%	2021-03-01 → 2022-02-28^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	11,487,360	at 2026-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	11,487,360	at 2025-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	11,487,360	at 2024-02-29^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	11,487,360	at 2023-02-28^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	11,487,360	at 2022-02-28^v	Standalone	Total number of issued shares (5-year summary)
Employees	164	at 2026-02-28	Standalone	Number of employees
Employees	140	at 2025-02-28	Standalone	Number of employees
Employees	125	at 2024-02-29^v	Standalone	Number of employees
Employees	119	at 2023-02-28^v	Standalone	Number of employees
Employees	135	at 2022-02-28^v	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 · 1,542

Item	Context	Value	Unit
Shareholders equity	Prior1YearInstant	5475590000	JPY
Shareholders equity	CurrentYearInstant	7517549000	JPY
Subscription rights to shares	Prior1YearInstant	2920000	JPY
Subscription rights to shares	CurrentYearInstant	2344000	JPY
Non controlling interests	Prior1YearInstant	914374000	JPY
Non controlling interests	CurrentYearInstant	1040874000	JPY
Net assets	Prior1YearInstant	6392885000	JPY
Net assets	CurrentYearInstant	8560767000	JPY
Liabilities and net assets	Prior1YearInstant	12121778000	JPY
Liabilities and net assets	CurrentYearInstant	15586177000	JPY
Net sales	Prior1YearDuration	19231316000	JPY
Net sales	CurrentYearDuration	19441498000	JPY
Cost of sales	Prior1YearDuration	4056768000	JPY
Cost of sales	CurrentYearDuration	4287365000	JPY
Gross profit	Prior1YearDuration	15174547000	JPY
Gross profit	CurrentYearDuration	15154133000	JPY
Selling general and administrative expenses	Prior1YearDuration	13639508000	JPY
Selling general and administrative expenses	CurrentYearDuration	12750461000	JPY
Operating income	Prior1YearDuration	1535039000	JPY
Operating income	CurrentYearDuration	2403672000	JPY
Interest income noi	Prior1YearDuration	3397000	JPY
Interest income noi	CurrentYearDuration	7159000	JPY
Dividends income noi	Prior1YearDuration	2212000	JPY
Dividends income noi	CurrentYearDuration	0	JPY
Foreign exchange gains noi	Prior1YearDuration	－	JPY
Foreign exchange gains noi	CurrentYearDuration	87675000	JPY
Gain on sales of goods noi	Prior1YearDuration	1896000	JPY
Gain on sales of goods noi	CurrentYearDuration	3813000	JPY
Subsidy income noi bounty	Prior1YearDuration	1159000	JPY
Subsidy income noi bounty	CurrentYearDuration	623000	JPY
Gain on forgiveness of debts noi	Prior1YearDuration	3925000	JPY
Gain on forgiveness of debts noi	CurrentYearDuration	3386000	JPY
Equity in earnings of affiliates noi	Prior1YearDuration	22979000	JPY
Equity in earnings of affiliates noi	CurrentYearDuration	56536000	JPY
Other noi	Prior1YearDuration	3512000	JPY
Other noi	CurrentYearDuration	5424000	JPY
Non operating income	Prior1YearDuration	39082000	JPY
Non operating income	CurrentYearDuration	164620000	JPY
Interest expenses noe	Prior1YearDuration	18222000	JPY
Interest expenses noe	CurrentYearDuration	5815000	JPY
Commission for purchase of treasury stock noe	Prior1YearDuration	3768000	JPY
Commission for purchase of treasury stock noe	CurrentYearDuration	253000	JPY
Foreign exchange losses noe	Prior1YearDuration	1008000	JPY
Foreign exchange losses noe	CurrentYearDuration	－	JPY
Other noe	Prior1YearDuration	5000	JPY
Other noe	CurrentYearDuration	529000	JPY
Non operating expenses	Prior1YearDuration	23003000	JPY
Non operating expenses	CurrentYearDuration	6598000	JPY
Ordinary income	Prior1YearDuration	1551117000	JPY
Ordinary income	CurrentYearDuration	2561694000	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 2025-02-28	pass rounding
balance sheet identity	consolidated 2026-02-28	pass rounding
balance sheet identity	non_consolidated 2025-02-28	pass
balance sheet identity	non_consolidated 2026-02-28	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-02-29	pass
statement vs summary · net assets	consolidated 2025-02-28	pass
statement vs summary · net assets	consolidated 2026-02-28	pass
statement vs summary · net assets	non_consolidated 2024-02-29	pass
statement vs summary · net assets	non_consolidated 2025-02-28	pass
statement vs summary · net assets	non_consolidated 2026-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · operating cash flow	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · operating cash flow	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	non_consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	non_consolidated 2025-03-01/2026-02-28	pass
statement vs summary · total assets	consolidated 2025-02-28	pass
statement vs summary · total assets	consolidated 2026-02-28	pass
statement vs summary · total assets	non_consolidated 2025-02-28	pass
statement vs summary · total assets	non_consolidated 2026-02-28	pass