Annual report

Period2025-05-01 → 2026-04-30
Filed2026-07-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 136
MetricValuePeriodScopeSource row
Revenue¥5.5bn2025-05-01 → 2026-04-30Cons.Net sales
Revenue¥5.4bn2024-05-01 → 2025-04-30Cons.Net sales
Revenue¥5.5bn2023-05-01 → 2024-04-30dCons.Net sales (5-year summary)
Revenue¥4.5bn2022-05-01 → 2023-04-30dCons.Net sales (5-year summary)
Operating income¥858m2025-05-01 → 2026-04-30Cons.Operating income
Operating income¥690m2024-05-01 → 2025-04-30Cons.Operating income
Ordinary income¥721m2025-05-01 → 2026-04-30Cons.Ordinary income
Ordinary income¥611m2024-05-01 → 2025-04-30Cons.Ordinary income
Ordinary income¥716m2023-05-01 → 2024-04-30dCons.Ordinary income loss (5-year summary)
Ordinary income¥415m2022-05-01 → 2023-04-30dCons.Ordinary income loss (5-year summary)
Profit before tax¥767m2025-05-01 → 2026-04-30Cons.Income before income taxes
Profit before tax¥1.2bn2024-05-01 → 2025-04-30Cons.Income before income taxes
Net income (owners)¥548m2025-05-01 → 2026-04-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥818m2024-05-01 → 2025-04-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥478m2023-05-01 → 2024-04-30dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥308m2022-05-01 → 2023-04-30dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥548m2025-05-01 → 2026-04-30Cons.Profit loss
Net income¥818m2024-05-01 → 2025-04-30Cons.Profit loss
Total assets¥13.3bnat 2026-04-30Cons.Assets
Total assets¥12.2bnat 2025-04-30Cons.Assets
Total assets¥14.5bnat 2024-04-30dCons.Total assets (5-year summary)
Total assets¥11.6bnat 2023-04-30dCons.Total assets (5-year summary)
Total liabilities¥8.2bnat 2026-04-30Cons.Liabilities
Total liabilities¥8.0bnat 2025-04-30Cons.Liabilities
Net assets / equity¥5.2bnat 2026-04-30Cons.Net assets
Net assets / equity¥4.3bnat 2025-04-30Cons.Net assets
Net assets / equity¥3.5bnat 2024-04-30dCons.Net assets
Net assets / equity¥3.0bnat 2023-04-30dCons.Net assets (5-year summary)
Cash and deposits¥2.2bnat 2026-04-30Cons.Cash and deposits
Cash and deposits¥1.9bnat 2025-04-30Cons.Cash and deposits
Cash & equivalents¥2.2bnat 2026-04-30Cons.Cash and cash equivalents
Cash & equivalents¥1.8bnat 2025-04-30Cons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2024-04-30dCons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2023-04-30dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥44m2025-05-01 → 2026-04-30Cons.Net cash provided by used in operating activities
Operating cash flow¥644m2024-05-01 → 2025-04-30Cons.Net cash provided by used in operating activities
Operating cash flow¥856m2023-05-01 → 2024-04-30dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥979m2022-05-01 → 2023-04-30dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥371m2025-05-01 → 2026-04-30Cons.Net cash provided by used in investment activities
Investing cash flow¥2.7bn2024-05-01 → 2025-04-30Cons.Net cash provided by used in investment activities
Investing cash flow−¥3.0bn2023-05-01 → 2024-04-30dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥356m2022-05-01 → 2023-04-30dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥683m2025-05-01 → 2026-04-30Cons.Net cash provided by used in financing activities
Financing cash flow−¥2.7bn2024-05-01 → 2025-04-30Cons.Net cash provided by used in financing activities
Financing cash flow¥1.8bn2023-05-01 → 2024-04-30dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥773m2022-05-01 → 2023-04-30dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥452.392025-05-01 → 2026-04-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥758.452024-05-01 → 2025-04-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥443.422023-05-01 → 2024-04-30dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥286.012022-05-01 → 2023-04-30dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥449.662025-05-01 → 2026-04-30Cons.Diluted earnings per share (5-year summary)
Net assets per share¥4,114.35at 2026-04-30Cons.Net assets per share (5-year summary)
Net assets per share¥3,958.44at 2025-04-30Cons.Net assets per share (5-year summary)
Net assets per share¥3,222.99at 2024-04-30dCons.Net assets per share (5-year summary)
Net assets per share¥2,799.57at 2023-04-30dCons.Net assets per share (5-year summary)
Equity ratio38.7%at 2026-04-30Cons.Equity to asset ratio (5-year summary)
Equity ratio34.9%at 2025-04-30Cons.Equity to asset ratio (5-year summary)
Equity ratio24.0%at 2024-04-30dCons.Equity to asset ratio (5-year summary)
Equity ratio25.9%at 2023-04-30dCons.Equity to asset ratio (5-year summary)
ROE11.6%2025-05-01 → 2026-04-30Cons.Rate of return on equity (5-year summary)
ROE21.1%2024-05-01 → 2025-04-30Cons.Rate of return on equity (5-year summary)
ROE14.7%2023-05-01 → 2024-04-30dCons.Rate of return on equity (5-year summary)
ROE10.7%2022-05-01 → 2023-04-30dCons.Rate of return on equity (5-year summary)
Employees44at 2026-04-30Cons.Number of employees
Employees42at 2025-04-30Cons.Number of employees
Employees40at 2024-04-30dCons.Number of employees
Employees43at 2023-04-30dCons.Number of employees
Revenue¥5.5bn2025-05-01 → 2026-04-30StandaloneNet sales
Revenue¥5.4bn2024-05-01 → 2025-04-30StandaloneNet sales
Revenue¥5.5bn2023-05-01 → 2024-04-30dStandaloneNet sales (5-year summary)
Revenue¥4.5bn2022-05-01 → 2023-04-30dStandaloneNet sales (5-year summary)
Revenue¥4.6bn2021-05-01 → 2022-04-30dStandaloneNet sales (5-year summary)
Operating income¥841m2025-05-01 → 2026-04-30StandaloneOperating income
Operating income¥679m2024-05-01 → 2025-04-30StandaloneOperating income
Ordinary income¥705m2025-05-01 → 2026-04-30StandaloneOrdinary income
Ordinary income¥601m2024-05-01 → 2025-04-30StandaloneOrdinary income
Ordinary income¥690m2023-05-01 → 2024-04-30dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥400m2022-05-01 → 2023-04-30dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥659m2021-05-01 → 2022-04-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥751m2025-05-01 → 2026-04-30StandaloneIncome before income taxes
Profit before tax¥1.2bn2024-05-01 → 2025-04-30StandaloneIncome before income taxes
Net income¥536m2025-05-01 → 2026-04-30StandaloneProfit loss
Net income¥810m2024-05-01 → 2025-04-30StandaloneProfit loss
Net income¥458m2023-05-01 → 2024-04-30dStandaloneNet income loss (5-year summary)
Net income¥268m2022-05-01 → 2023-04-30dStandaloneNet income loss (5-year summary)
Net income¥261m2021-05-01 → 2022-04-30dStandaloneNet income loss (5-year summary)
Total assets¥13.2bnat 2026-04-30StandaloneAssets
Total assets¥12.1bnat 2025-04-30StandaloneAssets
Total assets¥14.3bnat 2024-04-30dStandaloneTotal assets (5-year summary)
Total assets¥11.5bnat 2023-04-30dStandaloneTotal assets (5-year summary)
Total assets¥11.8bnat 2022-04-30dStandaloneTotal assets (5-year summary)
Total liabilities¥8.1bnat 2026-04-30StandaloneLiabilities
Total liabilities¥8.0bnat 2025-04-30StandaloneLiabilities
Net assets / equity¥5.0bnat 2026-04-30StandaloneNet assets
Net assets / equity¥4.1bnat 2025-04-30StandaloneNet assets
Net assets / equity¥3.4bnat 2024-04-30dStandaloneNet assets
Net assets / equity¥2.9bnat 2023-04-30dStandaloneNet assets (5-year summary)
Net assets / equity¥2.7bnat 2022-04-30dStandaloneNet assets (5-year summary)
Cash and deposits¥2.0bnat 2026-04-30StandaloneCash and deposits
Cash and deposits¥1.8bnat 2025-04-30StandaloneCash and deposits
EPS (basic)¥442.42025-05-01 → 2026-04-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥750.922024-05-01 → 2025-04-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥425.12023-05-01 → 2024-04-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥248.152022-05-01 → 2023-04-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥242.452021-05-01 → 2022-04-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥439.742025-05-01 → 2026-04-30StandaloneDiluted earnings per share (5-year summary)
Dividend per share¥882025-05-01 → 2026-04-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥502024-05-01 → 2025-04-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥232023-05-01 → 2024-04-30dStandaloneDividend paid per share (5-year summary)
Dividend per share¥202022-05-01 → 2023-04-30dStandaloneDividend paid per share (5-year summary)
Dividend per share¥202021-05-01 → 2022-04-30dStandaloneDividend paid per share (5-year summary)
Net assets per share¥4,007.06at 2026-04-30StandaloneNet assets per share (5-year summary)
Net assets per share¥3,844.95at 2025-04-30StandaloneNet assets per share (5-year summary)
Net assets per share¥3,117.03at 2024-04-30dStandaloneNet assets per share (5-year summary)
Net assets per share¥2,711.93at 2023-04-30dStandaloneNet assets per share (5-year summary)
Net assets per share¥2,478.04at 2022-04-30dStandaloneNet assets per share (5-year summary)
Equity ratio38.2%at 2026-04-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio34.3%at 2025-04-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio23.5%at 2024-04-30dStandaloneEquity to asset ratio (5-year summary)
Equity ratio25.3%at 2023-04-30dStandaloneEquity to asset ratio (5-year summary)
Equity ratio22.7%at 2022-04-30dStandaloneEquity to asset ratio (5-year summary)
ROE11.7%2025-05-01 → 2026-04-30StandaloneRate of return on equity (5-year summary)
ROE21.6%2024-05-01 → 2025-04-30StandaloneRate of return on equity (5-year summary)
ROE14.6%2023-05-01 → 2024-04-30dStandaloneRate of return on equity (5-year summary)
ROE9.6%2022-05-01 → 2023-04-30dStandaloneRate of return on equity (5-year summary)
ROE10.3%2021-05-01 → 2022-04-30dStandaloneRate of return on equity (5-year summary)
Shares issued1,261,100at 2026-04-30StandaloneTotal number of issued shares (5-year summary)
Shares issued1,086,000at 2025-04-30StandaloneTotal number of issued shares (5-year summary)
Shares issued1,086,000at 2024-04-30dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,086,000at 2023-04-30dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,086,000at 2022-04-30dStandaloneTotal number of issued shares (5-year summary)
Employees21at 2026-04-30StandaloneNumber of employees
Employees21at 2025-04-30StandaloneNumber of employees
Employees22at 2024-04-30dStandaloneNumber of employees
Employees24at 2023-04-30dStandaloneNumber of employees
Employees21at 2022-04-30dStandaloneNumber 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 · 57
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-05-01 → 2026-04-30¥980,000
Reconciling Itemsreconcilingsegment assetsat 2026-04-30¥3.2bn
Development Segmentreportable segmentdepreciation2025-05-01 → 2026-04-30¥8m
Development Segmentreportable segmentemployeesat 2026-04-306 pure
Development Segmentreportable segmentrevenue2025-05-01 → 2026-04-30¥3.5bn
Development Segmentreportable segmentrevenue external2025-05-01 → 2026-04-30¥3.5bn
Development Segmentreportable segmentsegment assetsat 2026-04-30¥4.3bn
Development Segmentreportable segmentsegment profit2025-05-01 → 2026-04-30¥378m
Hotel Segmentreportable segmentcapex2025-05-01 → 2026-04-30¥315m
Hotel Segmentreportable segmentdepreciation2025-05-01 → 2026-04-30¥135m
Hotel Segmentreportable segmentemployeesat 2026-04-3020 pure
Hotel Segmentreportable segmentrevenue2025-05-01 → 2026-04-30¥1.4bn
Hotel Segmentreportable segmentrevenue external2025-05-01 → 2026-04-30¥1.4bn
Hotel Segmentreportable segmentsegment assetsat 2026-04-30¥3.0bn
Hotel Segmentreportable segmentsegment profit2025-05-01 → 2026-04-30¥304m
Stock Segmentreportable segmentcapex2025-05-01 → 2026-04-30¥340m
Stock Segmentreportable segmentdepreciation2025-05-01 → 2026-04-30¥33m
Stock Segmentreportable segmentemployeesat 2026-04-3011 pure
Stock Segmentreportable segmentrevenue2025-05-01 → 2026-04-30¥589m
Stock Segmentreportable segmentrevenue external2025-05-01 → 2026-04-30¥589m
Stock Segmentreportable segmentsegment assetsat 2026-04-30¥2.8bn
Stock Segmentreportable segmentsegment profit2025-05-01 → 2026-04-30¥175m
—segment totalcapex2025-05-01 → 2026-04-30¥655m
—segment totaldepreciation2025-05-01 → 2026-04-30¥176m
—segment totalemployeesat 2026-04-3037 pure
—segment totalrevenue2025-05-01 → 2026-04-30¥5.5bn
—segment totalrevenue external2025-05-01 → 2026-04-30¥5.5bn
—segment totalsegment assetsat 2026-04-30¥10.1bn
—segment totalsegment profit2025-05-01 → 2026-04-30¥858m
Reconciling Itemsreconcilingcapex2024-05-01 → 2025-04-30¥15m
Reconciling Itemsreconcilingsegment assetsat 2025-04-30¥2.8bn
Development Segmentreportable segmentdepreciation2024-05-01 → 2025-04-30¥10m
Development Segmentreportable segmentrevenue2024-05-01 → 2025-04-30¥3.6bn
Development Segmentreportable segmentrevenue external2024-05-01 → 2025-04-30¥3.6bn
Development Segmentreportable segmentsegment assetsat 2025-04-30¥4.0bn
Development Segmentreportable segmentsegment profit2024-05-01 → 2025-04-30¥296m
Hotel Segmentreportable segmentcapex2024-05-01 → 2025-04-30¥15m
Hotel Segmentreportable segmentdepreciation2024-05-01 → 2025-04-30¥137m
Hotel Segmentreportable segmentrevenue2024-05-01 → 2025-04-30¥1.2bn
Hotel Segmentreportable segmentrevenue external2024-05-01 → 2025-04-30¥1.2bn
Hotel Segmentreportable segmentsegment assetsat 2025-04-30¥2.8bn
Hotel Segmentreportable segmentsegment profit2024-05-01 → 2025-04-30¥223m
Stock Segmentreportable segmentcapex2024-05-01 → 2025-04-30¥124m
Stock Segmentreportable segmentdepreciation2024-05-01 → 2025-04-30¥34m
Stock Segmentreportable segmentrevenue2024-05-01 → 2025-04-30¥572m
Stock Segmentreportable segmentrevenue external2024-05-01 → 2025-04-30¥572m
Stock Segmentreportable segmentsegment assetsat 2025-04-30¥2.6bn
Stock Segmentreportable segmentsegment profit2024-05-01 → 2025-04-30¥171m
—segment totalcapex2024-05-01 → 2025-04-30¥139m
—segment totaldepreciation2024-05-01 → 2025-04-30¥181m
—segment totalrevenue2024-05-01 → 2025-04-30¥5.4bn
—segment totalrevenue external2024-05-01 → 2025-04-30¥5.4bn
—segment totalsegment assetsat 2025-04-30¥9.4bn
—segment totalsegment profit2024-05-01 → 2025-04-30¥690m
Development Segmentreportable segmentemployeesat 2026-04-306 pure
Stock Segmentreportable segmentemployeesat 2026-04-309 pure
—segment totalemployeesat 2026-04-3015 pure

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

All source rows · 1,467
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)三優監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)吉川 雄城
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)鈴木 啓太
Audit opinion consolidated (text)FilingDateInstantText · Plus
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)販売用不動産等の評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)(重要な会計上の見積り)
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)三優監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)吉川 雄城
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)鈴木 啓太
Audit opinion non consolidated (text)FilingDateInstantText · Plus
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)販売用不動産等の評価
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior3YearDuration4458758000JPY
Net sales (5-year summary)Prior2YearDuration5532623000JPY
Net sales (5-year summary)Prior1YearDuration5438646000JPY
Net sales (5-year summary)CurrentYearDuration5499307000JPY
Ordinary income loss (5-year summary)Prior3YearDuration414546000JPY
Ordinary income loss (5-year summary)Prior2YearDuration716286000JPY
Ordinary income loss (5-year summary)Prior1YearDuration611340000JPY
Ordinary income loss (5-year summary)CurrentYearDuration720666000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration308461000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration478229000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration817986000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration547950000JPY
Comprehensive income (5-year summary)Prior3YearDuration314653000JPY
Comprehensive income (5-year summary)Prior2YearDuration478229000JPY
Comprehensive income (5-year summary)Prior1YearDuration817986000JPY
Comprehensive income (5-year summary)CurrentYearDuration546041000JPY
Net assets (5-year summary)Prior3YearInstant3019338000JPY
Net assets (5-year summary)Prior2YearInstant3475998000JPY
Net assets (5-year summary)Prior1YearInstant4269179000JPY
Net assets (5-year summary)CurrentYearInstant5157745000JPY
Total assets (5-year summary)Prior3YearInstant11649923000JPY
Total assets (5-year summary)Prior2YearInstant14459541000JPY
Total assets (5-year summary)Prior1YearInstant12235682000JPY
Total assets (5-year summary)CurrentYearInstant13316449000JPY
Net assets per share (5-year summary)Prior3YearInstant2799.57

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 2025-04-30pass
balance sheet identityconsolidated 2026-04-30pass rounding
balance sheet identitynon_consolidated 2025-04-30pass rounding
balance sheet identitynon_consolidated 2026-04-30pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-04-30pass
statement vs summary · net assetsconsolidated 2025-04-30pass
statement vs summary · net assetsconsolidated 2026-04-30pass
statement vs summary · net assetsnon_consolidated 2024-04-30pass
statement vs summary · net assetsnon_consolidated 2025-04-30pass
statement vs summary · net assetsnon_consolidated 2026-04-30pass
statement vs summary · net income attributable to parentconsolidated 2024-05-01/2025-04-30pass
statement vs summary · net income attributable to parentconsolidated 2025-05-01/2026-04-30pass
statement vs summary · operating cash flowconsolidated 2024-05-01/2025-04-30pass
statement vs summary · operating cash flowconsolidated 2025-05-01/2026-04-30pass
statement vs summary · revenueconsolidated 2024-05-01/2025-04-30pass
statement vs summary · revenueconsolidated 2025-05-01/2026-04-30pass
statement vs summary · revenuenon_consolidated 2024-05-01/2025-04-30pass
statement vs summary · revenuenon_consolidated 2025-05-01/2026-04-30pass
statement vs summary · total assetsconsolidated 2025-04-30pass
statement vs summary · total assetsconsolidated 2026-04-30pass
statement vs summary · total assetsnon_consolidated 2025-04-30pass
statement vs summary · total assetsnon_consolidated 2026-04-30pass