Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-30

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100Y7VX (2026-06-01).

Key figures · 141

Metric	Value	Period	Scope	Source row
Revenue	¥5.1bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥4.6bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥3.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥3.3bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Operating income	¥260m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥55m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥258m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥53m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥41m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥328m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥164m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥101m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥57m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥152m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥53m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥200m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥57m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥152m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥4.0bn	at 2025-12-31	Cons.	Assets
Total assets	¥2.9bn	at 2024-12-31	Cons.	Assets
Total assets	¥3.0bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥2.2bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥2.1bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥1.6bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥1.9bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥1.3bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥1.4bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥1.5bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥973m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥804m	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥949m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥780m	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥591m	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥688m	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥312m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥278m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥207m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥400m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥906m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥397m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥405m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥253m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥763m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥308m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥515m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥261m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥1.49	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-4.5	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-1.62	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥5.89	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥5.87	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥45.7	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥37.11	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥41.97	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥44.72	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	44.4%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	44.0%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.5%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	67.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	3.7%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-11.4%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-3.7%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.7%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	270	at 2025-12-31	Cons.	Number of employees
Employees	254	at 2024-12-31	Cons.	Number of employees
Employees	231	at 2023-12-31^v	Cons.	Number of employees
Employees	145	at 2022-12-31^v	Cons.	Number of employees
Revenue	¥4.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥3.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥3.1bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥3.1bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.6bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥265m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥104m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥293m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥105m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥32m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥358m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥289m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥196m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥153m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥115m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥175m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥47m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥228m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥190m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥3.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥2.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥2.8bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥2.1bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥2.1bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥1.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥1.9bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥1.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.5bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.7bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥566m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥517m	at 2024-12-31	Standalone	Cash and deposits
Cash & equivalents	¥803m	at 2021-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	¥53m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥79m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥8m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥3.01	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-5.2	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-1.42	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥6.71	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥5.63	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥6.69	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥5.61	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥20	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥15	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥15	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥48.06	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥37.44	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥43.02	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥45.57	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥49.73	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	50.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	48.2%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	71.2%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	81.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	7.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-12.9%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-3.2%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	14.3%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	11.7%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	39,042,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	3,445,800	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	3,441,900	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	3,441,300	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	3,431,100	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	154	at 2025-12-31	Standalone	Number of employees
Employees	140	at 2024-12-31	Standalone	Number of employees
Employees	128	at 2023-12-31^v	Standalone	Number of employees
Employees	115	at 2022-12-31^v	Standalone	Number of employees
Employees	105	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 · 1,254

Item	Context	Value	Unit
Total changes of items during the period	CurrentYearDuration_RetainedEarningsMember	-5223000	JPY
Total changes of items during the period	CurrentYearDuration_TreasuryStockMember	-16000	JPY
Total changes of items during the period	CurrentYearDuration_ShareholdersEquityMember	504976000	JPY
Net assets	CurrentYearInstant_CapitalStockMember	582253000	JPY
Net assets	CurrentYearInstant_CapitalSurplusMember	542714000	JPY
Net assets	CurrentYearInstant_RetainedEarningsMember	659226000	JPY
Net assets	CurrentYearInstant_TreasuryStockMember	-572000	JPY
Net assets	CurrentYearInstant_ShareholdersEquityMember	1783622000	JPY
Net assets	Prior1YearInstant_NonControllingInterestsMember	－	JPY
Net assets	Prior1YearInstant	1278645000	JPY
Issuance of new sharesexercise of subscription rights to shares	CurrentYearDuration	307000	JPY
Issuance of new shares third party allocation of new shares	CurrentYearDuration	539448000	JPY
Dividends from surplus	CurrentYearDuration	-68906000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration	56888000	JPY
Purchase of treasury stock	CurrentYearDuration	-16000	JPY
Change of scope of equity method	CurrentYearDuration	6794000	JPY
Change in treasury shares of parent arising from transactions with non controlling shareholders	CurrentYearDuration	-29538000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonControllingInterestsMember	89660000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration	89660000	JPY
Total changes of items during the period	CurrentYearDuration_NonControllingInterestsMember	89660000	JPY
Total changes of items during the period	CurrentYearDuration	594637000	JPY
Net assets	CurrentYearInstant_NonControllingInterestsMember	89660000	JPY
Net assets	CurrentYearInstant	1873283000	JPY
Income before income taxes	Prior1YearDuration	-100763000	JPY
Income before income taxes	CurrentYearDuration	163930000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	126464000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	132740000	JPY
Amortization of goodwill ope cf	Prior1YearDuration	54105000	JPY
Amortization of goodwill ope cf	CurrentYearDuration	68367000	JPY
Increase decrease in allowance for doubtful accounts ope cf	Prior1YearDuration	23276000	JPY
Increase decrease in allowance for doubtful accounts ope cf	CurrentYearDuration	-2610000	JPY
Equity in earnings losses of affiliates ope cf	Prior1YearDuration	－	JPY
Equity in earnings losses of affiliates ope cf	CurrentYearDuration	6794000	JPY
Increase decrease in net defined benefit liability ope cf	Prior1YearDuration	10460000	JPY
Increase decrease in net defined benefit liability ope cf	CurrentYearDuration	17939000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	459000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	13399000	JPY
Increase decrease in provision for loss on order received ope cf	Prior1YearDuration	49682000	JPY
Increase decrease in provision for loss on order received ope cf	CurrentYearDuration	-44641000	JPY
Loss gain on valuation of investment securities ope cf	Prior1YearDuration	47553000	JPY
Loss gain on valuation of investment securities ope cf	CurrentYearDuration	70039000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-95000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-1153000	JPY
Interest expenses ope cf	Prior1YearDuration	3969000	JPY
Interest expenses ope cf	CurrentYearDuration	11043000	JPY
Impairment losses on goodwill ope cf	Prior1YearDuration	－	JPY
Impairment losses on goodwill ope cf	CurrentYearDuration	13548000	JPY
Decrease increase in accounts receivable trade and contract assets ope cf	Prior1YearDuration	152306000	JPY
Decrease increase in accounts receivable trade and contract assets ope cf	CurrentYearDuration	-236960000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	50176000	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
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass
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