Annual report

Period2025-06-01 → 2026-05-31
Filed2026-08-28
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 133
MetricValuePeriodScopeSource row
Revenue¥2.1bn2025-06-01 → 2026-05-31Cons.Net sales
Revenue¥2.5bn2024-06-01 → 2025-05-31Cons.Net sales
Revenue¥3.0bn2023-06-01 → 2024-05-31vCons.Net sales (5-year summary)
Revenue¥4.1bn2022-06-01 → 2023-05-31vCons.Net sales (5-year summary)
Revenue¥7.4bn2021-06-01 → 2022-05-31vCons.Net sales (5-year summary)
Operating income−¥1.6bn2025-06-01 → 2026-05-31Cons.Operating income
Operating income−¥1.8bn2024-06-01 → 2025-05-31Cons.Operating income
Ordinary income−¥1.5bn2025-06-01 → 2026-05-31Cons.Ordinary income
Ordinary income−¥1.9bn2024-06-01 → 2025-05-31Cons.Ordinary income
Ordinary income−¥1.5bn2023-06-01 → 2024-05-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.3bn2022-06-01 → 2023-05-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.5bn2021-06-01 → 2022-05-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥2.2bn2025-06-01 → 2026-05-31Cons.Income before income taxes
Profit before tax−¥2.2bn2024-06-01 → 2025-05-31Cons.Income before income taxes
Net income (owners)−¥2.2bn2025-06-01 → 2026-05-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.7bn2024-06-01 → 2025-05-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.5bn2023-06-01 → 2024-05-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.4bn2022-06-01 → 2023-05-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥2.1bn2021-06-01 → 2022-05-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥2.2bn2025-06-01 → 2026-05-31Cons.Profit loss
Net income−¥2.2bn2024-06-01 → 2025-05-31Cons.Profit loss
Total assets¥7.2bnat 2026-05-31Cons.Assets
Total assets¥1.1bnat 2025-05-31Cons.Assets
Total assets¥2.0bnat 2024-05-31vCons.Total assets (5-year summary)
Total assets¥3.3bnat 2023-05-31vCons.Total assets (5-year summary)
Total assets¥2.8bnat 2022-05-31vCons.Total assets (5-year summary)
Total liabilities¥695mat 2026-05-31Cons.Liabilities
Total liabilities¥531mat 2025-05-31Cons.Liabilities
Net assets / equity¥6.5bnat 2026-05-31Cons.Net assets
Net assets / equity¥546mat 2025-05-31Cons.Net assets
Net assets / equity¥1.2bnat 2024-05-31vCons.Net assets
Net assets / equity¥2.3bnat 2023-05-31vCons.Net assets (5-year summary)
Net assets / equity¥2.0bnat 2022-05-31vCons.Net assets (5-year summary)
Cash and deposits¥3.6bnat 2026-05-31Cons.Cash and deposits
Cash and deposits¥212mat 2025-05-31Cons.Cash and deposits
Cash & equivalents¥3.6bnat 2026-05-31Cons.Cash and cash equivalents
Cash & equivalents¥212mat 2025-05-31Cons.Cash and cash equivalents
Cash & equivalents¥822mat 2024-05-31vCons.Cash and cash equivalents
Cash & equivalents¥2.2bnat 2023-05-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.7bnat 2022-05-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥3.1bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥2.0bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.4bn2023-06-01 → 2024-05-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.2bn2022-06-01 → 2023-05-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.2bn2021-06-01 → 2022-05-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.6bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in investment activities
Investing cash flow¥19m2024-06-01 → 2025-05-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥60m2023-06-01 → 2024-05-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥223m2022-06-01 → 2023-05-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥56m2021-06-01 → 2022-05-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥8.2bn2025-06-01 → 2026-05-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.9bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in financing activities
Financing cash flow¥82m2023-06-01 → 2024-05-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.8bn2022-06-01 → 2023-05-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥688m2021-06-01 → 2022-05-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-46.672025-06-01 → 2026-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-110.712024-06-01 → 2025-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-122.342023-06-01 → 2024-05-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-126.982022-06-01 → 2023-05-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-258.982021-06-01 → 2022-05-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥79.72at 2026-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥27.82at 2025-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥86.4at 2024-05-31vCons.Net assets per share (5-year summary)
Net assets per share¥184.13at 2023-05-31vCons.Net assets per share (5-year summary)
Net assets per share¥216.66at 2022-05-31vCons.Net assets per share (5-year summary)
Equity ratio90.4%at 2026-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio47.4%at 2025-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio54.6%at 2024-05-31vCons.Equity to asset ratio (5-year summary)
Equity ratio64.4%at 2023-05-31vCons.Equity to asset ratio (5-year summary)
Equity ratio70.1%at 2022-05-31vCons.Equity to asset ratio (5-year summary)
Employees224at 2026-05-31Cons.Number of employees
Employees196at 2025-05-31Cons.Number of employees
Employees264at 2024-05-31vCons.Number of employees
Employees342at 2023-05-31vCons.Number of employees
Employees352at 2022-05-31vCons.Number of employees
Revenue¥1.1bn2025-06-01 → 2026-05-31StandaloneNet sales
Revenue¥2.1bn2024-06-01 → 2025-05-31StandaloneNet sales
Revenue¥2.5bn2023-06-01 → 2024-05-31vStandaloneNet sales (5-year summary)
Revenue¥3.5bn2022-06-01 → 2023-05-31vStandaloneNet sales (5-year summary)
Revenue¥6.7bn2021-06-01 → 2022-05-31vStandaloneNet sales (5-year summary)
Operating income−¥1.2bn2025-06-01 → 2026-05-31StandaloneOperating income
Operating income−¥1.3bn2024-06-01 → 2025-05-31StandaloneOperating income
Ordinary income−¥2.0bn2025-06-01 → 2026-05-31StandaloneOrdinary income
Ordinary income−¥1.4bn2024-06-01 → 2025-05-31StandaloneOrdinary income
Ordinary income−¥1.1bn2023-06-01 → 2024-05-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.3bn2022-06-01 → 2023-05-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.7bn2021-06-01 → 2022-05-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥3.0bn2025-06-01 → 2026-05-31StandaloneIncome before income taxes
Profit before tax−¥1.5bn2024-06-01 → 2025-05-31StandaloneIncome before income taxes
Net income−¥3.0bn2025-06-01 → 2026-05-31StandaloneProfit loss
Net income−¥1.5bn2024-06-01 → 2025-05-31StandaloneProfit loss
Net income−¥1.1bn2023-06-01 → 2024-05-31vStandaloneNet income loss (5-year summary)
Net income−¥1.4bn2022-06-01 → 2023-05-31vStandaloneNet income loss (5-year summary)
Net income−¥2.2bn2021-06-01 → 2022-05-31vStandaloneNet income loss (5-year summary)
Total assets¥6.0bnat 2026-05-31StandaloneAssets
Total assets¥973mat 2025-05-31StandaloneAssets
Total assets¥1.6bnat 2024-05-31vStandaloneTotal assets (5-year summary)
Total assets¥2.6bnat 2023-05-31vStandaloneTotal assets (5-year summary)
Total assets¥2.4bnat 2022-05-31vStandaloneTotal assets (5-year summary)
Total liabilities¥525mat 2026-05-31StandaloneLiabilities
Total liabilities¥661mat 2025-05-31StandaloneLiabilities
Net assets / equity¥5.5bnat 2026-05-31StandaloneNet assets
Net assets / equity¥312mat 2025-05-31StandaloneNet assets
Net assets / equity¥866mat 2024-05-31vStandaloneNet assets
Net assets / equity¥1.7bnat 2023-05-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.6bnat 2022-05-31vStandaloneNet assets (5-year summary)
Cash and deposits¥3.1bnat 2026-05-31StandaloneCash and deposits
Cash and deposits¥110mat 2025-05-31StandaloneCash and deposits
EPS (basic)¥-63.82025-06-01 → 2026-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-99.872024-06-01 → 2025-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-96.392023-06-01 → 2024-05-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-127.432022-06-01 → 2023-05-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-276.872021-06-01 → 2022-05-31vStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥67.01at 2026-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥15.12at 2025-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥64.31at 2024-05-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥138.52at 2023-05-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥174.27at 2022-05-31vStandaloneNet assets per share (5-year summary)
Equity ratio91.3%at 2026-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio28.5%at 2025-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio50.7%at 2024-05-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio62.9%at 2023-05-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio67.0%at 2022-05-31vStandaloneEquity to asset ratio (5-year summary)
Shares issued81,913,082at 2026-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued18,382,382at 2025-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued12,933,482at 2024-05-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued11,682,982at 2023-05-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued9,166,901at 2022-05-31vStandaloneTotal number of issued shares (5-year summary)
Employees40at 2026-05-31StandaloneNumber of employees
Employees177at 2025-05-31StandaloneNumber of employees
Employees239at 2024-05-31vStandaloneNumber of employees
Employees324at 2023-05-31vStandaloneNumber of employees
Employees325at 2022-05-31vStandaloneNumber 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.

Segments · 53
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2025-06-01 → 2026-05-31¥53m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2026-05-3183 pure
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-06-01 → 2026-05-31¥16m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2025-06-01 → 2026-05-31¥16m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2025-06-01 → 2026-05-31−¥88m
Reconciling Itemsreconcilingrevenue2025-06-01 → 2026-05-31−¥23m
Reconciling Itemsreconcilingrevenue intersegment2025-06-01 → 2026-05-31−¥23m
Reconciling Itemsreconcilingsegment profit2025-06-01 → 2026-05-31−¥1.1bn
Entertainment Businessreportable segmentemployeesat 2026-05-310 pure
Entertainment Businessreportable segmentrevenue2025-06-01 → 2026-05-31¥68m
Entertainment Businessreportable segmentrevenue external2025-06-01 → 2026-05-31¥45m
Entertainment Businessreportable segmentrevenue intersegment2025-06-01 → 2026-05-31¥23m
Entertainment Businessreportable segmentsegment profit2025-06-01 → 2026-05-31−¥23m
Online Game Businessreportable segmentcapex2025-06-01 → 2026-05-31¥63m
Online Game Businessreportable segmentdepreciation2025-06-01 → 2026-05-31¥5m
Online Game Businessreportable segmentemployeesat 2026-05-31141 pure
Online Game Businessreportable segmentrevenue2025-06-01 → 2026-05-31¥2.1bn
Online Game Businessreportable segmentrevenue external2025-06-01 → 2026-05-31¥2.1bn
Online Game Businessreportable segmentrevenue intersegment2025-06-01 → 2026-05-31¥0
Online Game Businessreportable segmentsegment profit2025-06-01 → 2026-05-31−¥435m
—segment totalcapex2025-06-01 → 2026-05-31¥63m
—segment totaldepreciation2025-06-01 → 2026-05-31¥5m
—segment totalrevenue2025-06-01 → 2026-05-31¥2.1bn
—segment totalrevenue external2025-06-01 → 2026-05-31¥2.1bn
—segment totalrevenue intersegment2025-06-01 → 2026-05-31¥23m
—segment totalsegment profit2025-06-01 → 2026-05-31−¥458m
Total Of Reportable Segments And Otherssegment totalcapex2025-06-01 → 2026-05-31¥116m
Total Of Reportable Segments And Otherssegment totaldepreciation2025-06-01 → 2026-05-31¥5m
Total Of Reportable Segments And Otherssegment totalrevenue2025-06-01 → 2026-05-31¥2.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-06-01 → 2026-05-31¥2.1bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2025-06-01 → 2026-05-31¥23m
Total Of Reportable Segments And Otherssegment totalsegment profit2025-06-01 → 2026-05-31−¥547m
Reconciling Itemsreconcilingrevenue2024-06-01 → 2025-05-31−¥4m
Reconciling Itemsreconcilingrevenue intersegment2024-06-01 → 2025-05-31−¥4m
Reconciling Itemsreconcilingsegment profit2024-06-01 → 2025-05-31−¥547m
Entertainment Businessreportable segmentdepreciation2024-06-01 → 2025-05-31¥31m
Entertainment Businessreportable segmentrevenue2024-06-01 → 2025-05-31¥310m
Entertainment Businessreportable segmentrevenue external2024-06-01 → 2025-05-31¥306m
Entertainment Businessreportable segmentrevenue intersegment2024-06-01 → 2025-05-31¥4m
Entertainment Businessreportable segmentsegment profit2024-06-01 → 2025-05-31−¥635m
Online Game Businessreportable segmentcapex2024-06-01 → 2025-05-31¥4m
Online Game Businessreportable segmentdepreciation2024-06-01 → 2025-05-31¥0
Online Game Businessreportable segmentrevenue2024-06-01 → 2025-05-31¥2.2bn
Online Game Businessreportable segmentrevenue external2024-06-01 → 2025-05-31¥2.2bn
Online Game Businessreportable segmentrevenue intersegment2024-06-01 → 2025-05-31¥0
Online Game Businessreportable segmentsegment profit2024-06-01 → 2025-05-31−¥604m
—segment totalcapex2024-06-01 → 2025-05-31¥4m
—segment totaldepreciation2024-06-01 → 2025-05-31¥32m
—segment totalrevenue2024-06-01 → 2025-05-31¥2.5bn
—segment totalrevenue external2024-06-01 → 2025-05-31¥2.5bn
—segment totalrevenue intersegment2024-06-01 → 2025-05-31¥4m
—segment totalsegment profit2024-06-01 → 2025-05-31−¥1.2bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2026-05-3140 pure

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

All source rows · 1,691
ItemContextValueUnit
Average number of temporary workersPrior4YearInstant_NonConsolidatedMember-
Average number of temporary workersPrior3YearInstant_NonConsolidatedMember-
Average number of temporary workersPrior2YearInstant_NonConsolidatedMember-
Average number of temporary workersPrior1YearInstant_NonConsolidatedMember-
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember-
Total shareholder returnPrior4YearInstant_NonConsolidatedMember0.851
Total shareholder returnPrior3YearInstant_NonConsolidatedMember0.665
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.378
Total shareholder returnPrior1YearInstant_NonConsolidatedMember0.412
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.289
Total return on share price indexPrior4YearInstant_NonConsolidatedMember0.995
Total return on share price indexPrior3YearInstant_NonConsolidatedMember1.108
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.442
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.457
Total return on share price indexCurrentYearInstant_NonConsolidatedMember2.058
Research and development expenses research and development activitiesCurrentYearDuration44000000JPY
Research and development expenses research and development activitiesCurrentYearDuration_jpcrp030000-asr_E05601-000OnlineGameBusinessReportableSegmentsMember44000000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration51000000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember81913082
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember81913082
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant81913082
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant81913082
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember1
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember22
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember90
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember25
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember101
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember13673
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember13912
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember1392
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember26275
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember228938
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember11392
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember11173
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember539717
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember818887
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember24382
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0017
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0321
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.2796
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0139
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0136
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.6591
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember12730000
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.1554
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember9600000

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 2025-05-31pass
balance sheet identityconsolidated 2026-05-31pass rounding
balance sheet identitynon_consolidated 2025-05-31pass
balance sheet identitynon_consolidated 2026-05-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-05-31pass
statement vs summary · net assetsconsolidated 2025-05-31pass
statement vs summary · net assetsconsolidated 2026-05-31pass
statement vs summary · net assetsnon_consolidated 2024-05-31pass
statement vs summary · net assetsnon_consolidated 2025-05-31pass
statement vs summary · net assetsnon_consolidated 2026-05-31pass
statement vs summary · net income attributable to parentconsolidated 2024-06-01/2025-05-31pass
statement vs summary · net income attributable to parentconsolidated 2025-06-01/2026-05-31pass
statement vs summary · operating cash flowconsolidated 2024-06-01/2025-05-31pass
statement vs summary · operating cash flowconsolidated 2025-06-01/2026-05-31pass
statement vs summary · revenueconsolidated 2024-06-01/2025-05-31pass
statement vs summary · revenueconsolidated 2025-06-01/2026-05-31pass
statement vs summary · revenuenon_consolidated 2024-06-01/2025-05-31pass
statement vs summary · revenuenon_consolidated 2025-06-01/2026-05-31pass
statement vs summary · total assetsconsolidated 2025-05-31pass
statement vs summary · total assetsconsolidated 2026-05-31pass
statement vs summary · total assetsnon_consolidated 2025-05-31pass
statement vs summary · total assetsnon_consolidated 2026-05-31pass