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
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember2
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember16
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember15
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember9
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember10
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember1291
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember1343
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember28
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember424
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember33506
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember477
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember24
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember9955
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember44414
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember4957
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0006
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0095
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.7544
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0107
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0005
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.2241
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember3098771
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.7038
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember421705
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0958
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember138381
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0314
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember63400
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0144
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember39800
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0090
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember35000
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0079
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember26200
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0060
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember20300
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0046
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember19050
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0043
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember15500
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0035
Number of shares heldCurrentYearInstant3878107
Shareholding ratioCurrentYearInstant0.8808
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-

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