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
Provision of allowance for doubtful accounts for subsidiaries and associates noe	CurrentYearDuration_NonConsolidatedMember	6600000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	400000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	150000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	1306000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	8004000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	184630000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	361496000	JPY
Gain on reversal of subscription rights to shares ei	Prior1YearDuration_NonConsolidatedMember	110000	JPY
Gain on reversal of subscription rights to shares ei	CurrentYearDuration_NonConsolidatedMember	162000	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	110000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	162000	JPY
Loss on retirement of noncurrent assets el	Prior1YearDuration_NonConsolidatedMember	4985000	JPY
Loss on retirement of noncurrent assets el	CurrentYearDuration_NonConsolidatedMember	4264000	JPY
Loss on valuation of investment securities el	Prior1YearDuration_NonConsolidatedMember	127669000	JPY
Loss on valuation of investment securities el	CurrentYearDuration_NonConsolidatedMember	290553000	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	551749000	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on liquidation of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Loss on liquidation of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	20665000	JPY
Provision of allowance for doubtful accounts for subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	175820000	JPY
Provision of allowance for doubtful accounts for subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on extinguishment of tie in shares el	Prior1YearDuration_NonConsolidatedMember	81354000	JPY
Loss on extinguishment of tie in shares el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary loss	Prior1YearDuration_NonConsolidatedMember	941580000	JPY
Extraordinary loss	CurrentYearDuration_NonConsolidatedMember	315483000	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	-756840000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	46174000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	123521000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	5534000	JPY
Income taxes deferred	Prior1YearDuration_NonConsolidatedMember	-57966000	JPY
Income taxes deferred	CurrentYearDuration_NonConsolidatedMember	-224093000	JPY
Income taxes	Prior1YearDuration_NonConsolidatedMember	65554000	JPY
Income taxes	CurrentYearDuration_NonConsolidatedMember	-218558000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember	-822394000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	264733000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_CapitalStockMember	992661000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	250000000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	1327381000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_CapitalSurplusMember	1577381000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	4074402000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_RetainedEarningsMember	4074402000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-248279000	JPY
Dividends from surplus	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	-248279000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-822394000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	-822394000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_CapitalStockMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_OtherCapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_CapitalSurplusMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-1070674000	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