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
Total shareholder returnPrior4YearInstant_NonConsolidatedMember0.652
Total shareholder returnPrior3YearInstant_NonConsolidatedMember0.658
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.862
Total shareholder returnPrior1YearInstant_NonConsolidatedMember1.004
Total shareholder returnCurrentYearInstant_NonConsolidatedMember1.111
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 employeesCurrentYearInstant924
Number of employeesCurrentYearInstant_NonConsolidatedMember723
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember46.6
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember13.4
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember6471000JPY
Ratio of female employees in managerial positions metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.056
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_NonConsolidatedMember0.220
All employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.666
Regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.743
Non regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.567
Ratio of female employees in managerial positions metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.000
All employees ratio of male employees taking childcare leave metrics of consolidated subsidiariesCurrentYearInstant_Row1Member-
All employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.684
Regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.798
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.693
Gross scope1 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior4YearDuration_ConsolidatedAccountingGroupMember1085
Gross scope1 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior3YearDuration_ConsolidatedAccountingGroupMember961
Gross scope1 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior2YearDuration_ConsolidatedAccountingGroupMember926
Gross scope1 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior1YearDuration_ConsolidatedAccountingGroupMember872
Gross scope2 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior4YearDuration_ConsolidatedAccountingGroupMember648
Gross scope2 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior3YearDuration_ConsolidatedAccountingGroupMember601
Gross scope2 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior2YearDuration_ConsolidatedAccountingGroupMember551
Gross scope2 greenhouse gas emissions scope1 and2 greenhouse gas emissionsPrior1YearDuration_ConsolidatedAccountingGroupMember316
Research and development expenses research and development activitiesCurrentYearDuration9000000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration5221207000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember97896800
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember97896800
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant97896800
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant97896800
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember11
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember22
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember57
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember101
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember22
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember9072
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember9285
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember355766

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