Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-19
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amended by S100XXTG (2026-04-09).

Key figures · 157
MetricValuePeriodScopeSource row
Revenue¥93.2bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥103.6bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥125.3bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥105.5bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥104.6bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Operating income¥5.1bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥17.5bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥6.8bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥20.0bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥29.3bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥29.0bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥33.6bn2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥6.6bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥19.8bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥1.4bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥11.2bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥16.4bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥19.0bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥22.9bn2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥4.3bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥15.0bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥169.5bnat 2025-12-31Cons.Assets
Total assets¥175.5bnat 2024-12-31Cons.Assets
Total assets¥168.0bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥152.2bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥134.9bnat 2021-12-31vCons.Total assets (5-year summary)
Total liabilities¥18.1bnat 2025-12-31Cons.Liabilities
Total liabilities¥21.9bnat 2024-12-31Cons.Liabilities
Net assets / equity¥151.3bnat 2025-12-31Cons.Net assets
Net assets / equity¥153.5bnat 2024-12-31Cons.Net assets
Net assets / equity¥149.5bnat 2023-12-31vCons.Net assets
Net assets / equity¥132.8bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥118.7bnat 2021-12-31vCons.Net assets (5-year summary)
Cash and deposits¥130.5bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥99.6bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥31.0bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥68.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥109.6bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥109.7bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥102.1bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥355m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥17.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥20.5bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥18.7bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥23.7bn2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥28.7bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥47.6bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥14.6bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.8bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥5.4bn2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥8.8bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥12.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥7.0bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥9.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥12.4bn2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥25.792025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥182.672024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥272.652023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥305.612022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥341.442021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥25.512025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥180.72024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥270.22023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥303.482022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥339.352021-01-01 → 2021-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥2,242.37at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,280.75at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,127.98at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,894.36at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,681.71at 2021-12-31vCons.Net assets per share (5-year summary)
Equity ratio71.9%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio72.6%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio75.9%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio77.0%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio79.6%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
ROE1.1%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)
ROE13.4%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE16.9%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE22.4%2021-01-01 → 2021-12-31vCons.Rate of return on equity (5-year summary)
Employees1,614at 2025-12-31Cons.Number of employees
Employees1,583at 2024-12-31Cons.Number of employees
Employees1,387at 2023-12-31vCons.Number of employees
Employees1,451at 2022-12-31vCons.Number of employees
Employees1,391at 2021-12-31vCons.Number of employees
Revenue¥33.6bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥49.7bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥48.1bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥59.0bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥66.6bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Operating income−¥3.7bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥7.7bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥3.5bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥7.8bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥11.1bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥17.8bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥23.8bn2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥4.1bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥7.8bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥3.7bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥5.4bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥7.5bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥9.1bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥18.5bn2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Total assets¥87.6bnat 2025-12-31StandaloneAssets
Total assets¥102.7bnat 2024-12-31StandaloneAssets
Total assets¥105.4bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥105.3bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥107.1bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total liabilities¥6.3bnat 2025-12-31StandaloneLiabilities
Total liabilities¥9.5bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥81.3bnat 2025-12-31StandaloneNet assets
Net assets / equity¥93.1bnat 2024-12-31StandaloneNet assets
Net assets / equity¥99.2bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥98.4bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥99.0bnat 2021-12-31vStandaloneNet assets (5-year summary)
Cash and deposits¥67.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥44.6bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-66.942025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥88.312024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥124.342023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥146.922022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥276.472021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥87.352024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥123.222023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥145.892022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥274.782021-01-01 → 2021-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥902025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥602024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥302022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥602021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,474.99at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,642.3at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,634.31at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,571.35at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,534.56at 2021-12-31vStandaloneNet assets per share (5-year summary)
Equity ratio91.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio89.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio92.9%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio92.4%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio91.5%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
ROE-4.3%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE5.7%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE7.7%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE9.4%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE19.6%2021-01-01 → 2021-12-31vStandaloneRate of return on equity (5-year summary)
Shares issued69,161,416at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued83,161,416at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued87,255,916at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued91,199,116at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued91,199,116at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Employees459at 2025-12-31StandaloneNumber of employees
Employees444at 2024-12-31StandaloneNumber of employees
Employees439at 2023-12-31vStandaloneNumber of employees
Employees412at 2022-12-31vStandaloneNumber of employees
Employees413at 2021-12-31vStandaloneNumber 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 · 1,337
ItemContextValueUnit
Total assets (5-year summary)Prior4YearInstant134930000000JPY
Total assets (5-year summary)Prior3YearInstant152210000000JPY
Total assets (5-year summary)Prior2YearInstant168045000000JPY
Total assets (5-year summary)Prior1YearInstant175464000000JPY
Total assets (5-year summary)CurrentYearInstant169474000000JPY
Net assets per share (5-year summary)Prior4YearInstant1681.71
Net assets per share (5-year summary)Prior3YearInstant1894.36
Net assets per share (5-year summary)Prior2YearInstant2127.98
Net assets per share (5-year summary)Prior1YearInstant2280.75
Net assets per share (5-year summary)CurrentYearInstant2242.37
Basic earnings loss per share (5-year summary)Prior4YearDuration341.44
Basic earnings loss per share (5-year summary)Prior3YearDuration305.61
Basic earnings loss per share (5-year summary)Prior2YearDuration272.65
Basic earnings loss per share (5-year summary)Prior1YearDuration182.67
Basic earnings loss per share (5-year summary)CurrentYearDuration25.79
Diluted earnings per share (5-year summary)Prior4YearDuration339.35
Diluted earnings per share (5-year summary)Prior3YearDuration303.48
Diluted earnings per share (5-year summary)Prior2YearDuration270.20
Diluted earnings per share (5-year summary)Prior1YearDuration180.70
Diluted earnings per share (5-year summary)CurrentYearDuration25.51
Equity to asset ratio (5-year summary)Prior4YearInstant0.796
Equity to asset ratio (5-year summary)Prior3YearInstant0.770
Equity to asset ratio (5-year summary)Prior2YearInstant0.759
Equity to asset ratio (5-year summary)Prior1YearInstant0.726
Equity to asset ratio (5-year summary)CurrentYearInstant0.719
Rate of return on equity (5-year summary)Prior4YearDuration0.224
Rate of return on equity (5-year summary)Prior3YearDuration0.169
Rate of return on equity (5-year summary)Prior2YearDuration0.134
Rate of return on equity (5-year summary)Prior1YearDuration0.088
Rate of return on equity (5-year summary)CurrentYearDuration0.011
Price earnings ratio (5-year summary)Prior4YearDuration7.58
Price earnings ratio (5-year summary)Prior3YearDuration6.98
Price earnings ratio (5-year summary)Prior2YearDuration8.62
Price earnings ratio (5-year summary)Prior1YearDuration16.87
Price earnings ratio (5-year summary)CurrentYearDuration97.58
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration23653000000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration18660000000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration20514000000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration17132000000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration-355000000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration-5414000000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration-2795000000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration-14610000000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-47588000000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration-28676000000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration-12393000000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration-9265000000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration-7033000000JPY
Net cash provided by used in financing activities (5-year summary)Prior1YearDuration-12217000000JPY
Net cash provided by used in financing activities (5-year summary)CurrentYearDuration-8827000000JPY

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
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 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