Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-23
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 153
MetricValuePeriodScopeSource row
Revenue¥20.8bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥18.0bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥15.4bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥13.8bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥20.7bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥2.1bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥674m2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥1.9bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥545m2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax−¥1.9bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax−¥3.0bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥3.2bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥1.2bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥343m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)−¥1.5bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)−¥2.4bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥2.2bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥1.2bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥332m2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥41.4bnat 2025-12-31Cons.Assets IFRS
Total assets¥39.9bnat 2024-12-31Cons.Assets IFRS
Total assets¥36.7bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥33.5bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥34.5bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥17.1bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥16.8bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥24.3bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥23.1bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥22.5bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥24.3bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥23.1bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥22.5bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥23.6bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥26.1bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥4.1bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥4.3bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥3.9bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥3.5bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥3.5bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥6.9bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥6.5bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥3.4bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥1.6bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥3.8bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥4.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥4.3bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.7bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥2.9bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥3.4bn2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥2.7bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥1.8bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥705m2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥1.2bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥108m2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥13.792025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥3.852024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥-16.762023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥-27.542022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥24.722021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥13.52025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥3.752024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥-16.762023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-27.542022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥24.322021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥269.4at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥259.39at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥253.08at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥267.36at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥296.77at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio58.6%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio58.0%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio61.2%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio70.5%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio75.7%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE5.2%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE1.5%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE-6.5%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE-9.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE8.6%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees924at 2025-12-31Cons.Number of employees
Employees920at 2024-12-31Cons.Number of employees
Employees935at 2023-12-31vCons.Number of employees
Employees950at 2022-12-31vCons.Number of employees
Employees940at 2021-12-31dCons.Number of employees
Revenue¥18.5bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥16.1bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥13.7bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥12.3bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥18.6bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥2.1bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥643m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥2.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥702m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥1.5bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥2.2bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.4bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.4bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥563m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥626m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥147m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥1.9bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥2.8bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥731m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥30.9bnat 2025-12-31StandaloneAssets
Total assets¥30.3bnat 2024-12-31StandaloneAssets
Total assets¥27.7bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥25.9bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥27.0bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥15.2bnat 2025-12-31StandaloneLiabilities
Total liabilities¥15.1bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥15.7bnat 2025-12-31StandaloneNet assets
Net assets / equity¥15.2bnat 2024-12-31StandaloneNet assets
Net assets / equity¥15.0bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥16.8bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥19.9bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.5bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥3.7bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥6.972025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥1.652024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-21.132023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-31.892022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥8.322021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥6.812025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥1.62024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥8.192021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥62025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥22024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥12023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥12022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥8.72021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥173.78at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥170.13at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥169.13at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥190.36at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥225.87at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio50.7%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio50.1%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio54.3%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio64.8%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio73.5%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE4.1%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE1.0%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE3.7%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued97,896,800at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued97,896,800at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued97,896,800at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued97,896,800at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued97,896,800at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees723at 2025-12-31StandaloneNumber of employees
Employees746at 2024-12-31StandaloneNumber of employees
Employees775at 2023-12-31vStandaloneNumber of employees
Employees781at 2022-12-31vStandaloneNumber of employees
Employees805at 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 · 1,658
ItemContextValueUnit
Equity attributable to owners of parent IFRS (5-year summary)Prior4YearInstant26114084000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior3YearInstant23631923000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior2YearInstant22473492000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior1YearInstant23141522000JPY
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant24271153000JPY
Total assets IFRS (5-year summary)Prior4YearInstant34475975000JPY
Total assets IFRS (5-year summary)Prior3YearInstant33535490000JPY
Total assets IFRS (5-year summary)Prior2YearInstant36749771000JPY
Total assets IFRS (5-year summary)Prior1YearInstant39894510000JPY
Total assets IFRS (5-year summary)CurrentYearInstant41424583000JPY
Equity to asset ratio IFRS (5-year summary)Prior4YearInstant296.77
Equity to asset ratio IFRS (5-year summary)Prior3YearInstant267.36
Equity to asset ratio IFRS (5-year summary)Prior2YearInstant253.08
Equity to asset ratio IFRS (5-year summary)Prior1YearInstant259.39
Equity to asset ratio IFRS (5-year summary)CurrentYearInstant269.40
Basic earnings loss per share IFRS (5-year summary)Prior4YearDuration24.72
Basic earnings loss per share IFRS (5-year summary)Prior3YearDuration-27.54
Basic earnings loss per share IFRS (5-year summary)Prior2YearDuration-16.76
Basic earnings loss per share IFRS (5-year summary)Prior1YearDuration3.85
Basic earnings loss per share IFRS (5-year summary)CurrentYearDuration13.79
Diluted earnings loss per share IFRS (5-year summary)Prior4YearDuration24.32
Diluted earnings loss per share IFRS (5-year summary)Prior3YearDuration-27.54
Diluted earnings loss per share IFRS (5-year summary)Prior2YearDuration-16.76
Diluted earnings loss per share IFRS (5-year summary)Prior1YearDuration3.75
Diluted earnings loss per share IFRS (5-year summary)CurrentYearDuration13.50
Ratio of owners equity to gross assets IFRS (5-year summary)Prior4YearInstant0.757
Ratio of owners equity to gross assets IFRS (5-year summary)Prior3YearInstant0.705
Ratio of owners equity to gross assets IFRS (5-year summary)Prior2YearInstant0.612
Ratio of owners equity to gross assets IFRS (5-year summary)Prior1YearInstant0.580
Ratio of owners equity to gross assets IFRS (5-year summary)CurrentYearInstant0.586
Rate of return on equity IFRS (5-year summary)Prior4YearDuration0.086
Rate of return on equity IFRS (5-year summary)Prior3YearDuration-0.098
Rate of return on equity IFRS (5-year summary)Prior2YearDuration-0.065
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.015
Rate of return on equity IFRS (5-year summary)CurrentYearDuration0.052
Price earnings ratio IFRS (5-year summary)Prior4YearDuration17.6
Price earnings ratio IFRS (5-year summary)Prior3YearDuration-
Price earnings ratio IFRS (5-year summary)Prior2YearDuration-
Price earnings ratio IFRS (5-year summary)Prior1YearDuration174.5
Price earnings ratio IFRS (5-year summary)CurrentYearDuration53.6
Cash flows from used in operating activities IFRS (5-year summary)Prior4YearDuration3782557000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior3YearDuration1606335000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior2YearDuration3424997000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration6530722000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration6896588000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior4YearDuration-3387525000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior3YearDuration-2909928000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior2YearDuration-3668848000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior1YearDuration-4308408000JPY
Cash flows from used in investing activities IFRS (5-year summary)CurrentYearDuration-4408884000JPY

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 · 21 of 21 passed
balance sheet identityconsolidated 2024-12-31pass
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 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