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
Net assets (5-year summary)	Prior2YearInstant	6407427000	JPY
Net assets (5-year summary)	Prior1YearInstant	6392885000	JPY
Net assets (5-year summary)	CurrentYearInstant	8560767000	JPY
Total assets (5-year summary)	Prior4YearInstant	－	JPY
Total assets (5-year summary)	Prior3YearInstant	9972209000	JPY
Total assets (5-year summary)	Prior2YearInstant	11782314000	JPY
Total assets (5-year summary)	Prior1YearInstant	12121778000	JPY
Total assets (5-year summary)	CurrentYearInstant	15586177000	JPY
Net assets per share (5-year summary)	Prior4YearInstant	－
Net assets per share (5-year summary)	Prior3YearInstant	527.10
Net assets per share (5-year summary)	Prior2YearInstant	578.64
Net assets per share (5-year summary)	Prior1YearInstant	555.70
Net assets per share (5-year summary)	CurrentYearInstant	725.64
Basic earnings loss per share (5-year summary)	Prior4YearDuration	－
Basic earnings loss per share (5-year summary)	Prior3YearDuration	112.17
Basic earnings loss per share (5-year summary)	Prior2YearDuration	91.78
Basic earnings loss per share (5-year summary)	Prior1YearDuration	55.10
Basic earnings loss per share (5-year summary)	CurrentYearDuration	154.62
Diluted earnings per share (5-year summary)	Prior4YearDuration	－
Diluted earnings per share (5-year summary)	Prior3YearDuration	110.62
Diluted earnings per share (5-year summary)	Prior2YearDuration	88.32
Diluted earnings per share (5-year summary)	Prior1YearDuration	52.86
Diluted earnings per share (5-year summary)	CurrentYearDuration	151.61
Equity to asset ratio (5-year summary)	Prior4YearInstant	－
Equity to asset ratio (5-year summary)	Prior3YearInstant	0.589
Equity to asset ratio (5-year summary)	Prior2YearInstant	0.529
Equity to asset ratio (5-year summary)	Prior1YearInstant	0.452
Equity to asset ratio (5-year summary)	CurrentYearInstant	0.482
Rate of return on equity (5-year summary)	Prior4YearDuration	－
Rate of return on equity (5-year summary)	Prior3YearDuration	0.214
Rate of return on equity (5-year summary)	Prior2YearDuration	0.166
Rate of return on equity (5-year summary)	Prior1YearDuration	0.097
Rate of return on equity (5-year summary)	CurrentYearDuration	0.242
Price earnings ratio (5-year summary)	Prior4YearDuration	－
Price earnings ratio (5-year summary)	Prior3YearDuration	8.92
Price earnings ratio (5-year summary)	Prior2YearDuration	22.99
Price earnings ratio (5-year summary)	Prior1YearDuration	25.08
Price earnings ratio (5-year summary)	CurrentYearDuration	11.03
Net cash provided by used in operating activities (5-year summary)	Prior4YearDuration	－	JPY
Net cash provided by used in operating activities (5-year summary)	Prior3YearDuration	1361450000	JPY
Net cash provided by used in operating activities (5-year summary)	Prior2YearDuration	814529000	JPY
Net cash provided by used in operating activities (5-year summary)	Prior1YearDuration	2938912000	JPY
Net cash provided by used in operating activities (5-year summary)	CurrentYearDuration	1763190000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior4YearDuration	－	JPY
Net cash provided by used in investing activities (5-year summary)	Prior3YearDuration	-1553792000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior2YearDuration	-3567005000	JPY
Net cash provided by used in investing activities (5-year summary)	Prior1YearDuration	1304044000	JPY
Net cash provided by used in investing activities (5-year summary)	CurrentYearDuration	-1362848000	JPY
Net cash provided by used in financing activities (5-year summary)	Prior4YearDuration	－	JPY
Net cash provided by used in financing activities (5-year summary)	Prior3YearDuration	533224000	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