Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥6.9bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥8.3bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥10.7bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥16.9bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥23.9bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income−¥1.3bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income−¥1.3bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income−¥1.4bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥1.3bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income−¥853m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥73m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.0bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥4.1bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥2.2bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)−¥4.2bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.8bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.8bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥542m2022-01-01 → 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−¥4.2bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥2.8bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥13.3bnat 2025-12-31Cons.Assets
Total assets¥15.8bnat 2024-12-31Cons.Assets
Total assets¥17.8bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥20.9bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥18.7bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥3.0bnat 2025-12-31Cons.Liabilities
Total liabilities¥5.4bnat 2024-12-31Cons.Liabilities
Net assets / equity¥10.3bnat 2025-12-31Cons.Net assets
Net assets / equity¥10.4bnat 2024-12-31Cons.Net assets
Net assets / equity¥11.7bnat 2023-12-31vCons.Net assets
Net assets / equity¥13.2bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥12.8bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥5.2bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥1.6bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥5.2bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.6bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥2.2bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥6.0bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥1.8bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥138m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.5bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥187m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.3bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥2.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.0bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥2.3bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.4bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.9bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥2.9bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥555m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥67m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥3.5bn2022-01-01 → 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)¥-73.532025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-62.912024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-44.982023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-13.972022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-90.382021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥133.89at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥216.46at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥282.21at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥324.42at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥336.84at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio76.9%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio65.6%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio64.3%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio62.9%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio68.4%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE-40.6%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE-25.6%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE-14.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE-4.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE-23.6%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees322at 2025-12-31Cons.Number of employees
Employees459at 2024-12-31Cons.Number of employees
Employees572at 2023-12-31vCons.Number of employees
Employees628at 2022-12-31vCons.Number of employees
Employees642at 2021-12-31dCons.Number of employees
Revenue¥6.3bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue−¥1.1bn2025-01-01 → 2025-12-31StandaloneOperating revenue1 (5-year summary)
Revenue¥7.6bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue−¥1.6bn2024-01-01 → 2024-12-31StandaloneOperating revenue1 (5-year summary)
Revenue¥10.0bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue−¥1.4bn2023-01-01 → 2023-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥16.4bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue−¥697m2022-01-01 → 2022-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥23.3bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Revenue−¥1.2bn2021-01-01 → 2021-12-31dStandaloneOperating revenue1 (5-year summary)
Operating income−¥1.1bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥1.6bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥1.3bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥1.2bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥853m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥388m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.4bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥4.5bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥2.1bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥4.5bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥2.6bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥1.7bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥774m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥4.2bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥13.4bnat 2025-12-31StandaloneAssets
Total assets¥16.4bnat 2024-12-31StandaloneAssets
Total assets¥17.5bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥20.4bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥18.3bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥3.2bnat 2025-12-31StandaloneLiabilities
Total liabilities¥5.8bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥10.2bnat 2025-12-31StandaloneNet assets
Net assets / equity¥10.6bnat 2024-12-31StandaloneNet assets
Net assets / equity¥11.4bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥12.9bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥12.5bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥5.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.2bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-79.852025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-58.482024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-41.862023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-19.962022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-110.322021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥132.54at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥220.61at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥280.19at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥317.01at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥329.72at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio75.2%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.5%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.6%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio62.8%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio68.6%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE-43.9%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE-23.6%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE-14.0%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE-6.1%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE-28.7%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued76,832,200at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued48,502,300at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued41,092,200at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued41,092,200at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued38,631,100at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees294at 2025-12-31StandaloneNumber of employees
Employees401at 2024-12-31StandaloneNumber of employees
Employees489at 2023-12-31vStandaloneNumber of employees
Employees541at 2022-12-31vStandaloneNumber of employees
Employees556at 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.

Segments · 12
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsdepreciation2025-01-01 → 2025-12-31¥270,000
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-01-01 → 2025-12-31¥491m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2025-01-01 → 2025-12-31¥491m
Gamesreportable segmentdepreciation2025-01-01 → 2025-12-31¥42m
Gamesreportable segmentrevenue2025-01-01 → 2025-12-31¥6.4bn
Gamesreportable segmentrevenue external2025-01-01 → 2025-12-31¥6.4bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsdepreciation2024-01-01 → 2024-12-31¥10m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-01-01 → 2024-12-31¥71m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-01-01 → 2024-12-31¥71m
Gamesreportable segmentdepreciation2024-01-01 → 2024-12-31¥64m
Gamesreportable segmentrevenue2024-01-01 → 2024-12-31¥8.2bn
Gamesreportable segmentrevenue external2024-01-01 → 2024-12-31¥8.2bn

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

All source rows · 1,433
ItemContextValueUnit
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember-0.439
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Number of employeesPrior4YearInstant_NonConsolidatedMember556
Number of employeesPrior3YearInstant_NonConsolidatedMember541
Number of employeesPrior2YearInstant_NonConsolidatedMember489
Number of employeesPrior1YearInstant_NonConsolidatedMember401
Number of employeesCurrentYearInstant_NonConsolidatedMember294
Average number of temporary workersPrior4YearInstant_NonConsolidatedMember354
Average number of temporary workersPrior3YearInstant_NonConsolidatedMember216
Average number of temporary workersPrior2YearInstant_NonConsolidatedMember151
Average number of temporary workersPrior1YearInstant_NonConsolidatedMember89
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember50
Total shareholder returnPrior4YearInstant_NonConsolidatedMember0.553
Total shareholder returnPrior3YearInstant_NonConsolidatedMember0.482
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.320
Total shareholder returnPrior1YearInstant_NonConsolidatedMember0.195
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.421
Total return on share price indexPrior4YearInstant_NonConsolidatedMember1.127
Total return on share price indexPrior3YearInstant_NonConsolidatedMember1.100
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.411
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.699
Total return on share price indexCurrentYearInstant_NonConsolidatedMember2.132
Number of employeesCurrentYearInstant_OtherOperatingSegmentsAxisMember322
Average number of temporary workersCurrentYearInstant_OtherOperatingSegmentsAxisMember50
Number of employeesCurrentYearInstant322
Average number of temporary workersCurrentYearInstant50
Number of employeesCurrentYearInstant_NonConsolidatedMember294
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember39
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember9
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember6814000JPY
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember50
Number of employeesCurrentYearInstant_NonConsolidatedMember_OtherOperatingSegmentsAxisMember294
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember_OtherOperatingSegmentsAxisMember50
Number of employeesCurrentYearInstant_NonConsolidatedMember294
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember50
Ratio of female employees in managerial positions metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.133
All employees calculated based on provisions of article714 item1 of ordinance for enforcement of act on childcare leave caregiver leave and other measures for the welfare of workers caring for children or other family members ratio of male employees taking childcare leave metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.667
All employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.667
Regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.669
Non regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.729
Research and development expenses research and development activitiesCurrentYearDuration54276000JPY

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 rounding
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass rounding
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