Annual report

Period2025-01-01 → 2025-12-31
Filed2026-04-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥9.9bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥10.5bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥11.1bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥12.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥11.5bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income−¥1.7bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income−¥237m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income−¥2.0bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥321m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income−¥275m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥613m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.2bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥3.7bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥973m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)−¥3.7bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.4bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥5.6bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥85m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.3bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥3.9bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥1.4bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥8.7bnat 2025-12-31Cons.Assets
Total assets¥10.5bnat 2024-12-31Cons.Assets
Total assets¥12.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥16.9bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥15.3bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥9.8bnat 2025-12-31Cons.Liabilities
Total liabilities¥10.5bnat 2024-12-31Cons.Liabilities
Net assets / equity−¥1.1bnat 2025-12-31Cons.Net assets
Net assets / equity¥24mat 2024-12-31Cons.Net assets
Net assets / equity¥746mat 2023-12-31vCons.Net assets
Net assets / equity¥6.0bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥5.1bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥2.0bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥1.0bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥2.0bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.0bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥1.7bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥571m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥816m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥991m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.8bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.1bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥418m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥473m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.9bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.4bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥6.0bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥1.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥760m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥562m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥290m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥2.8bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-142.852025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-55.732024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-231.682023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥3.492022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥54.682021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥3.432022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥53.222021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥-77.59at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥-5.35at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥25.62at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥243.12at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥207.92at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio-23.0%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio-1.3%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio5.0%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio34.9%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio33.1%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE1.6%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE30.0%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees344at 2025-12-31Cons.Number of employees
Employees372at 2024-12-31Cons.Number of employees
Employees473at 2023-12-31vCons.Number of employees
Employees477at 2022-12-31vCons.Number of employees
Employees490at 2021-12-31dCons.Number of employees
Revenue¥8.4bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥8.9bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥9.4bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥10.2bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥9.7bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥15m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥55m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥173m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥28m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥237m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥968m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.7bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.9bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥630m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥2.1bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥1.0bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥4.3bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥486m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.7bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥9.1bnat 2025-12-31StandaloneAssets
Total assets¥10.5bnat 2024-12-31StandaloneAssets
Total assets¥12.1bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥15.6bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥14.4bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥11.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥10.4bnat 2024-12-31StandaloneLiabilities
Net assets / equity−¥2.0bnat 2025-12-31StandaloneNet assets
Net assets / equity¥151mat 2024-12-31StandaloneNet assets
Net assets / equity¥702mat 2023-12-31vStandaloneNet assets
Net assets / equity¥5.0bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥4.7bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.3bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥616mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-82.312025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-39.62024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-175.732023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥20.012022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥69.92021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥19.712022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥68.042021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥42022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥82021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥-77.06at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥5.17at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥28.59at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥206.66at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥192.78at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio-21.8%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio1.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio5.7%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio32.1%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio32.4%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE11.8%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE41.8%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued26,343,900at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued26,343,900at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued24,737,400at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued24,737,400at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued24,737,400at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees259at 2025-12-31StandaloneNumber of employees
Employees275at 2024-12-31StandaloneNumber of employees
Employees371at 2023-12-31vStandaloneNumber of employees
Employees360at 2022-12-31vStandaloneNumber of employees
Employees349at 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 · 39
SegmentItemPeriodValue
Reconciling Itemsreconcilingdepreciation2025-01-01 → 2025-12-31¥30m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥915m
Enterprise DX Segmentreportable segmentdepreciation2025-01-01 → 2025-12-31¥188m
Enterprise DX Segmentreportable segmentemployeesat 2025-12-3149 pure
Enterprise DX Segmentreportable segmentrevenue2025-01-01 → 2025-12-31¥3.5bn
Enterprise DX Segmentreportable segmentrevenue external2025-01-01 → 2025-12-31¥3.5bn
Enterprise DX Segmentreportable segmentsegment profit2025-01-01 → 2025-12-31¥528m
Event DX Segmentreportable segmentdepreciation2025-01-01 → 2025-12-31¥698m
Event DX Segmentreportable segmentemployeesat 2025-12-3127 pure
Event DX Segmentreportable segmentrevenue2025-01-01 → 2025-12-31¥3.5bn
Event DX Segmentreportable segmentrevenue external2025-01-01 → 2025-12-31¥3.5bn
Event DX Segmentreportable segmentsegment profit2025-01-01 → 2025-12-31−¥2.1bn
Thirdplace DX Segmentreportable segmentdepreciation2025-01-01 → 2025-12-31¥205m
Thirdplace DX Segmentreportable segmentemployeesat 2025-12-319 pure
Thirdplace DX Segmentreportable segmentrevenue2025-01-01 → 2025-12-31¥2.8bn
Thirdplace DX Segmentreportable segmentrevenue external2025-01-01 → 2025-12-31¥2.8bn
Thirdplace DX Segmentreportable segmentsegment profit2025-01-01 → 2025-12-31¥788m
—segment totaldepreciation2025-01-01 → 2025-12-31¥1.1bn
—segment totalrevenue2025-01-01 → 2025-12-31¥9.9bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥9.9bn
—segment totalsegment profit2025-01-01 → 2025-12-31−¥768m
Reconciling Itemsreconcilingdepreciation2024-01-01 → 2024-12-31¥25m
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥1.1bn
Enterprise DX Segmentreportable segmentdepreciation2024-01-01 → 2024-12-31¥321m
Enterprise DX Segmentreportable segmentrevenue2024-01-01 → 2024-12-31¥4.1bn
Enterprise DX Segmentreportable segmentrevenue external2024-01-01 → 2024-12-31¥4.1bn
Enterprise DX Segmentreportable segmentsegment profit2024-01-01 → 2024-12-31¥667m
Event DX Segmentreportable segmentdepreciation2024-01-01 → 2024-12-31¥542m
Event DX Segmentreportable segmentrevenue2024-01-01 → 2024-12-31¥3.8bn
Event DX Segmentreportable segmentrevenue external2024-01-01 → 2024-12-31¥3.8bn
Event DX Segmentreportable segmentsegment profit2024-01-01 → 2024-12-31−¥566m
Thirdplace DX Segmentreportable segmentdepreciation2024-01-01 → 2024-12-31¥178m
Thirdplace DX Segmentreportable segmentrevenue2024-01-01 → 2024-12-31¥2.6bn
Thirdplace DX Segmentreportable segmentrevenue external2024-01-01 → 2024-12-31¥2.6bn
Thirdplace DX Segmentreportable segmentsegment profit2024-01-01 → 2024-12-31¥747m
—segment totaldepreciation2024-01-01 → 2024-12-31¥1.0bn
—segment totalrevenue2024-01-01 → 2024-12-31¥10.5bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥10.5bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥848m

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

All source rows · 1,630
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)太陽有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)新井  達哉
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)西村  健太
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)太陽有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)新井  達哉
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)西村  健太
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration11493601000JPY
Net sales (5-year summary)Prior3YearDuration12229135000JPY
Net sales (5-year summary)Prior2YearDuration11084673000JPY
Net sales (5-year summary)Prior1YearDuration10463846000JPY
Net sales (5-year summary)CurrentYearDuration9859467000JPY
Ordinary income loss (5-year summary)Prior4YearDuration1232811000JPY
Ordinary income loss (5-year summary)Prior3YearDuration612898000JPY
Ordinary income loss (5-year summary)Prior2YearDuration-275470000JPY
Ordinary income loss (5-year summary)Prior1YearDuration-320861000JPY
Ordinary income loss (5-year summary)CurrentYearDuration-2026101000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration1324261000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration84594000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration-5623183000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration-1417278000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration-3696528000JPY
Comprehensive income (5-year summary)Prior4YearDuration1729097000JPY
Comprehensive income (5-year summary)Prior3YearDuration1084283000JPY
Comprehensive income (5-year summary)Prior2YearDuration-5151583000JPY
Comprehensive income (5-year summary)Prior1YearDuration-1213283000JPY
Comprehensive income (5-year summary)CurrentYearDuration-3923542000JPY
Net assets (5-year summary)Prior4YearInstant5100851000JPY
Net assets (5-year summary)Prior3YearInstant5989529000JPY
Net assets (5-year summary)Prior2YearInstant746056000JPY
Net assets (5-year summary)Prior1YearInstant23664000JPY
Net assets (5-year summary)CurrentYearInstant-1107682000JPY
Total assets (5-year summary)Prior4YearInstant15259020000JPY
Total assets (5-year summary)Prior3YearInstant16891863000JPY
Total assets (5-year summary)Prior2YearInstant12329168000JPY
Total assets (5-year summary)Prior1YearInstant10481052000JPY
Total assets (5-year summary)CurrentYearInstant8730961000JPY
Net assets per share (5-year summary)Prior4YearInstant207.92
Net assets per share (5-year summary)Prior3YearInstant243.12
Net assets per share (5-year summary)Prior2YearInstant25.62
Net assets per share (5-year summary)Prior1YearInstant-5.35
Net assets per share (5-year summary)CurrentYearInstant-77.59
Basic earnings loss per share (5-year summary)Prior4YearDuration54.68
Basic earnings loss per share (5-year summary)Prior3YearDuration3.49
Basic earnings loss per share (5-year summary)Prior2YearDuration-231.68
Basic earnings loss per share (5-year summary)Prior1YearDuration-55.73

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 rounding
balance sheet identitynon_consolidated 2025-12-31pass
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