Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 154
MetricValuePeriodScopeSource row
Revenue¥6.8bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥5.0bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥5.1bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥5.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥4.1bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥341m2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥235m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥323m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥249m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥428m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥458m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥385m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥277m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥249m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥156m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥183m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥307m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥356m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥274m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥162m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥195m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥9.5bnat 2025-12-31Cons.Assets
Total assets¥3.0bnat 2024-12-31Cons.Assets
Total assets¥3.0bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥3.1bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥2.8bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥7.0bnat 2025-12-31Cons.Liabilities
Total liabilities¥883mat 2024-12-31Cons.Liabilities
Net assets / equity¥2.5bnat 2025-12-31Cons.Net assets
Net assets / equity¥2.1bnat 2024-12-31Cons.Net assets
Net assets / equity¥2.0bnat 2023-12-31vCons.Net assets
Net assets / equity¥1.9bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥1.7bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥1.3bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥688mat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥2.5bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.3bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.3bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥991m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥238m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥475m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥132m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥482m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥380m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥221m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥131m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥111m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥51m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥456m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥196m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥187m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥145m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥97m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥41.832025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥112.12024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥188.232023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥218.392022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥168.032021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥188.122023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥218.262022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥167.892021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥552.98at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,285.1at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,252.99at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,169.24at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,027.53at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio25.7%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio70.1%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio68.4%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio62.1%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio59.9%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE6.9%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE8.8%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE15.5%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE19.9%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE17.3%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees199at 2025-12-31Cons.Number of employees
Employees185at 2024-12-31Cons.Number of employees
Employees187at 2023-12-31vCons.Number of employees
Employees189at 2022-12-31vCons.Number of employees
Employees169at 2021-12-31dCons.Number of employees
Revenue¥2.9bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥4.3bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥4.4bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥4.7bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥3.9bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥94m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥56m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥57m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥61m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥274m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥381m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥346m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥98m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥61m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥64m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥43m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥197m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥299m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥244m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥2.7bnat 2025-12-31StandaloneAssets
Total assets¥2.5bnat 2024-12-31StandaloneAssets
Total assets¥2.7bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.8bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.7bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥942mat 2025-12-31StandaloneLiabilities
Total liabilities¥816mat 2024-12-31StandaloneLiabilities
Net assets / equity¥1.7bnat 2025-12-31StandaloneNet assets
Net assets / equity¥1.6bnat 2024-12-31StandaloneNet assets
Net assets / equity¥1.8bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥1.8bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.6bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥354mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥355mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-17.282025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥26.32024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥120.722023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥183.472022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥149.412021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥120.652023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥183.362022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥149.292021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥59.522025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥114.842024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥114.842023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥109.142022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥83.972021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥388.92at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,009.42at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,097.53at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,085.78at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥983.67at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio64.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio66.9%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio67.3%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio63.0%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio60.0%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE-3.8%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE2.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE11.1%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE17.7%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE16.0%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued4,446,357at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,677,000at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,677,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,677,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,677,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees10at 2025-12-31StandaloneNumber of employees
Employees135at 2024-12-31StandaloneNumber of employees
Employees140at 2023-12-31vStandaloneNumber of employees
Employees143at 2022-12-31vStandaloneNumber of employees
Employees135at 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 · 2
SegmentItemPeriodValue
Product Platform Businessreportable segmentemployeesat 2025-12-31172 pure
Internet Research Businessreportable segmentemployeesat 2025-12-310 pure

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

All source rows · 1,443
ItemContextValueUnit
Comprehensive incomePrior1YearDuration253092000JPY
Comprehensive incomeCurrentYearDuration146000000JPY
Comprehensive income attributable to owners of the parentPrior1YearDuration240257000JPY
Comprehensive income attributable to owners of the parentCurrentYearDuration138880000JPY
Comprehensive income attributable to non controlling interestsPrior1YearDuration12835000JPY
Comprehensive income attributable to non controlling interestsCurrentYearDuration7119000JPY
Net assetsPrior2YearInstant_CapitalStockMember299034000JPY
Net assetsPrior2YearInstant_CapitalSurplusMember392466000JPY
Net assetsPrior2YearInstant_RetainedEarningsMember1380341000JPY
Net assetsPrior2YearInstant_TreasuryStockMember-45543000JPY
Net assetsPrior2YearInstant_ShareholdersEquityMember2026299000JPY
Net assetsPrior2YearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember5605000JPY
Net assetsPrior2YearInstant_ForeignCurrencyTranslationAdjustmentMember15304000JPY
Net assetsPrior2YearInstant_ValuationAndTranslationAdjustmentsMember20910000JPY
Net assetsPrior2YearInstant_NonControllingInterestsMember207000JPY
Net assetsPrior2YearInstant2047417000JPY
Dividends from surplusPrior1YearDuration_CapitalStockMember-JPY
Dividends from surplusPrior1YearDuration_CapitalSurplusMember-JPY
Dividends from surplusPrior1YearDuration_RetainedEarningsMember-187632000JPY
Dividends from surplusPrior1YearDuration_TreasuryStockMember-JPY
Dividends from surplusPrior1YearDuration_ShareholdersEquityMember-187632000JPY
Dividends from surplusPrior1YearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Dividends from surplusPrior1YearDuration_ForeignCurrencyTranslationAdjustmentMember-JPY
Dividends from surplusPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Dividends from surplusPrior1YearDuration_NonControllingInterestsMember-JPY
Dividends from surplusPrior1YearDuration-187632000JPY
Profit loss attributable to owners of parentPrior1YearDuration_CapitalStockMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_CapitalSurplusMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_RetainedEarningsMember183147000JPY
Profit loss attributable to owners of parentPrior1YearDuration_TreasuryStockMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_ShareholdersEquityMember183147000JPY
Profit loss attributable to owners of parentPrior1YearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_ForeignCurrencyTranslationAdjustmentMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration_NonControllingInterestsMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration183147000JPY
Purchase of treasury stockPrior1YearDuration_CapitalStockMember-JPY
Purchase of treasury stockPrior1YearDuration_CapitalSurplusMember-JPY
Purchase of treasury stockPrior1YearDuration_RetainedEarningsMember-JPY
Purchase of treasury stockPrior1YearDuration_TreasuryStockMember-248000JPY
Purchase of treasury stockPrior1YearDuration_ShareholdersEquityMember-248000JPY
Purchase of treasury stockPrior1YearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-JPY
Purchase of treasury stockPrior1YearDuration_ForeignCurrencyTranslationAdjustmentMember-JPY
Purchase of treasury stockPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Purchase of treasury stockPrior1YearDuration_NonControllingInterestsMember-JPY
Purchase of treasury stockPrior1YearDuration-248000JPY
Net changes of items other than shareholders equityPrior1YearDuration_CapitalStockMember-JPY
Net changes of items other than shareholders equityPrior1YearDuration_CapitalSurplusMember-JPY
Net changes of items other than shareholders equityPrior1YearDuration_RetainedEarningsMember-JPY
Net changes of items other than shareholders equityPrior1YearDuration_TreasuryStockMember-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 identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass
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