Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-24

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 146

Metric	Value	Period	Scope	Source row
Revenue	¥6.5bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥5.9bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥6.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥6.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥349m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥4m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥361m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥510m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥1.7bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.8bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.6bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥66m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥727m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥280m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥791m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥979m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥871m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.1bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥276m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥803m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥4.8bn	at 2025-12-31	Cons.	Assets
Total assets	¥4.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥6.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.9bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.5bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥1.7bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥1.6bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥3.1bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥3.2bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥4.3bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥3.6bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.2bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.7bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.7bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.3bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.2bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.3bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.2bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥782m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥878m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.6bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥911m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥97m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥593m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥438m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥869m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥27m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥319m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥400m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥225m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥979m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥7.4	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-20.73	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥25.63	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥22.77	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.74	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥22.76	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥81.24	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥81.71	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥111.21	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥92.04	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥106.69	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	64.4%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	65.1%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	68.3%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	71.8%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	75.1%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	9.1%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	25.2%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	24.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	26.3%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	336	at 2025-12-31	Cons.	Number of employees
Employees	315	at 2024-12-31	Cons.	Number of employees
Employees	262	at 2023-12-31^v	Cons.	Number of employees
Employees	257	at 2022-12-31^v	Cons.	Number of employees
Employees	245	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥5.9bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥5.2bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥5.6bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥5.1bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥4.7bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥351m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥181m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥361m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥185m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥1.9bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.7bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.5bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥46m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥757m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥265m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥822m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥1.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥832m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥1.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥4.5bn	at 2025-12-31	Standalone	Assets
Total assets	¥4.5bn	at 2024-12-31	Standalone	Assets
Total assets	¥6.0bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.6bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥5.3bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.4bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥1.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥3.1bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥3.1bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥3.5bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.3bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.5bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥983m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥6.99	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-21.55	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.25	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥21.76	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.76	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥6.5	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥6.5	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥6	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥5.6	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥81.85	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥81.35	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥111.66	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥91.88	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥109.46	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	68.1%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	68.7%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	71.5%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	76.6%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	79.8%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	8.6%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	25.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	22.8%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	24.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	40,027,526	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	40,027,526	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	40,027,526	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	40,027,526	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	40,027,526	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	286	at 2025-12-31	Standalone	Number of employees
Employees	258	at 2024-12-31	Standalone	Number of employees
Employees	191	at 2023-12-31^v	Standalone	Number of employees
Employees	179	at 2022-12-31^v	Standalone	Number of employees
Employees	168	at 2021-12-31^d	Standalone	Number 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 · 1,273

Item	Context	Value	Unit
Non controlling interests	CurrentYearInstant	28083000	JPY
Net assets	Prior1YearInstant	3154541000	JPY
Net assets	CurrentYearInstant	3111239000	JPY
Liabilities and net assets	Prior1YearInstant	4749108000	JPY
Liabilities and net assets	CurrentYearInstant	4778436000	JPY
Net sales	Prior1YearDuration	5906958000	JPY
Net sales	CurrentYearDuration	6539159000	JPY
Cost of sales	Prior1YearDuration	1575573000	JPY
Cost of sales	CurrentYearDuration	1985824000	JPY
Gross profit	Prior1YearDuration	4331384000	JPY
Gross profit	CurrentYearDuration	4553334000	JPY
Selling general and administrative expenses	Prior1YearDuration	4327619000	JPY
Selling general and administrative expenses	CurrentYearDuration	4203870000	JPY
Operating income	Prior1YearDuration	3765000	JPY
Operating income	CurrentYearDuration	349464000	JPY
Interest income noi	Prior1YearDuration	283000	JPY
Interest income noi	CurrentYearDuration	2516000	JPY
Dividends income noi	Prior1YearDuration	563000	JPY
Dividends income noi	CurrentYearDuration	562000	JPY
Subsidy income noi	Prior1YearDuration	－	JPY
Subsidy income noi	CurrentYearDuration	7206000	JPY
Reversal of allowance for doubtful accounts noi	Prior1YearDuration	684000	JPY
Reversal of allowance for doubtful accounts noi	CurrentYearDuration	3627000	JPY
Other noi	Prior1YearDuration	882000	JPY
Other noi	CurrentYearDuration	5067000	JPY
Non operating income	Prior1YearDuration	2413000	JPY
Non operating income	CurrentYearDuration	18980000	JPY
Provision of allowance for doubtful accounts noe	Prior1YearDuration	－	JPY
Provision of allowance for doubtful accounts noe	CurrentYearDuration	1241000	JPY
Equity in losses of affiliates noe	Prior1YearDuration	514670000	JPY
Equity in losses of affiliates noe	CurrentYearDuration	5358000	JPY
Other noe	Prior1YearDuration	1117000	JPY
Other noe	CurrentYearDuration	1122000	JPY
Non operating expenses	Prior1YearDuration	515788000	JPY
Non operating expenses	CurrentYearDuration	7722000	JPY
Ordinary income	Prior1YearDuration	-509609000	JPY
Ordinary income	CurrentYearDuration	360721000	JPY
Gain on reversal of subscription rights to shares ei	Prior1YearDuration	110000	JPY
Gain on reversal of subscription rights to shares ei	CurrentYearDuration	162000	JPY
Extraordinary income	Prior1YearDuration	110000	JPY
Extraordinary income	CurrentYearDuration	162000	JPY
Loss on retirement of noncurrent assets el	Prior1YearDuration	4985000	JPY
Loss on retirement of noncurrent assets el	CurrentYearDuration	4345000	JPY
Loss on valuation of investment securities el	Prior1YearDuration	127669000	JPY
Loss on valuation of investment securities el	CurrentYearDuration	290553000	JPY
Provision of allowance for doubtful accounts el	Prior1YearDuration	85153000	JPY
Provision of allowance for doubtful accounts el	CurrentYearDuration	－	JPY
Extraordinary loss	Prior1YearDuration	217809000	JPY
Extraordinary loss	CurrentYearDuration	294898000	JPY
Income before income taxes	Prior1YearDuration	-727308000	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 identity	consolidated 2024-12-31	pass rounding
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass