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
Audit fees reporting company network firmsCurrentYearDuration-JPY
Non audit fees reporting company network firmsCurrentYearDuration-JPY
Audit fees consolidated subsidiaries network firmsPrior1YearDuration171000000JPY
Non audit fees consolidated subsidiaries network firmsPrior1YearDuration3000000JPY
Audit fees consolidated subsidiaries network firmsCurrentYearDuration174000000JPY
Non audit fees consolidated subsidiaries network firmsCurrentYearDuration19000000JPY
Audit fees total network firmsPrior1YearDuration171000000JPY
Non audit fees total network firmsPrior1YearDuration3000000JPY
Audit fees total network firmsCurrentYearDuration174000000JPY
Non audit fees total network firmsCurrentYearDuration19000000JPY
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember354000000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember182000000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember24000000JPY
Share option remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember147000000JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember147000000JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember6
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember47000000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember47000000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Share option remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember1
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember48000000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember48000000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Share option remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember8
Total amount of remuneration etc paid by group remuneration etc paid by group to each director or other officerCurrentYearDuration_jpcrp030000-asr_E05474-000MorishitaKazukiMember273000000JPY
Cash and depositsPrior1YearInstant99598000000JPY
Cash and depositsCurrentYearInstant130474000000JPY
Accounts receivable trade and contract assetsPrior1YearInstant13515000000JPY
Accounts receivable trade and contract assetsCurrentYearInstant10130000000JPY
Short term investment securitiesPrior1YearInstant5018000000JPY
Short term investment securitiesCurrentYearInstant5775000000JPY
MerchandisePrior1YearInstant16000000JPY
MerchandiseCurrentYearInstant47000000JPY
Other caPrior1YearInstant2785000000JPY
Other caCurrentYearInstant7389000000JPY
Allowance for doubtful accounts caPrior1YearInstant-59000000JPY
Allowance for doubtful accounts caCurrentYearInstant-67000000JPY
Current assetsPrior1YearInstant120875000000JPY
Current assetsCurrentYearInstant153750000000JPY
Property plant and equipmentPrior1YearInstant1326000000JPY
Property plant and equipmentCurrentYearInstant1412000000JPY
SoftwarePrior1YearInstant197000000JPY
SoftwareCurrentYearInstant366000000JPY
Other iaPrior1YearInstant551000000JPY
Other iaCurrentYearInstant201000000JPY
Intangible assetsPrior1YearInstant748000000JPY

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