Tokyo Tape
Sign in
← Headwaters

Annual report

4011.TEDINET S100XUSL
Period2025-01-01 → 2025-12-31
Filed2026-03-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 139
MetricValuePeriodScopeSource row
Revenue¥3.9bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥2.9bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥2.3bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥1.6bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Operating income¥229m2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥308m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥129m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥362m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥98m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥107m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥128m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥362m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥58m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥273m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥71m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥75m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥76m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥275m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥3.8bnat 2025-12-31Cons.Assets
Total assets¥1.8bnat 2024-12-31Cons.Assets
Total assets¥1.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥1.2bnat 2022-12-31vCons.Total assets (5-year summary)
Total liabilities¥2.5bnat 2025-12-31Cons.Liabilities
Total liabilities¥528mat 2024-12-31Cons.Liabilities
Net assets / equity¥1.4bnat 2025-12-31Cons.Net assets
Net assets / equity¥1.3bnat 2024-12-31Cons.Net assets
Net assets / equity¥962mat 2023-12-31vCons.Net assets
Net assets / equity¥875mat 2022-12-31vCons.Net assets (5-year summary)
Cash and deposits¥625mat 2025-12-31Cons.Cash and deposits
Cash and deposits¥843mat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥625mat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥843mat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥898mat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥819mat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥39m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥144m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥88m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥84m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥2.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥211m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥16m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥31m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥1.9bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥10m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥8m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥15.132025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥72.012024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥18.852023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥20.072022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥13.842025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥65.382024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥16.992023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥18.632022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥345.93at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥333.73at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥254.73at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥233.78at 2022-12-31vCons.Net assets per share (5-year summary)
Equity ratio34.5%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio70.4%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio74.1%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio74.9%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
ROE4.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE24.5%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE7.7%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE8.6%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
Employees389at 2025-12-31Cons.Number of employees
Employees240at 2024-12-31Cons.Number of employees
Employees165at 2023-12-31vCons.Number of employees
Employees113at 2022-12-31vCons.Number of employees
Revenue¥3.0bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥2.4bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥2.2bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.6bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.2bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥74m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥135m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥12m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥189m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥80m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥77m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥93m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥12m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥189m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥6m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥149m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥57m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥54m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥27m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥3.4bnat 2025-12-31StandaloneAssets
Total assets¥1.5bnat 2024-12-31StandaloneAssets
Total assets¥1.2bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.1bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥973mat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥2.3bnat 2025-12-31StandaloneLiabilities
Total liabilities¥381mat 2024-12-31StandaloneLiabilities
Net assets / equity¥1.1bnat 2025-12-31StandaloneNet assets
Net assets / equity¥1.1bnat 2024-12-31StandaloneNet assets
Net assets / equity¥924mat 2023-12-31vStandaloneNet assets
Net assets / equity¥854mat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥800mat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥330mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥698mat 2024-12-31StandaloneCash and deposits
Cash & equivalents¥766mat 2021-12-31dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥48m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥53m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥17m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥-1.462025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥39.382024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥15.282023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥14.432022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥7.282021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥35.752024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥13.772023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥13.42022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥6.532021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥287.83at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥291.81at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥245.62at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥228.14at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥213.71at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio32.2%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio74.4%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio76.9%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio75.3%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio82.2%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE14.7%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE6.4%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE6.5%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE3.5%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued3,844,144at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,898,370at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,881,298at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued936,200at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued936,200at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees161at 2025-12-31StandaloneNumber of employees
Employees121at 2024-12-31StandaloneNumber of employees
Employees97at 2023-12-31vStandaloneNumber of employees
Employees102at 2022-12-31vStandaloneNumber of employees
Employees88at 2021-12-31dStandaloneNumber 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 · 1,234
ItemContextValueUnit
Net assetsCurrentYearInstant_TreasuryStockMember-227000JPY
Net assetsCurrentYearInstant_ShareholdersEquityMember1330835000JPY
Net assetsCurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember-3084000JPY
Net assetsCurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember2019000JPY
Net assetsCurrentYearInstant_ValuationAndTranslationAdjustmentsMember-1064000JPY
Net assetsCurrentYearInstant_NonControllingInterestsMember23929000JPY
Net assetsCurrentYearInstant1353699000JPY
Income before income taxesPrior1YearDuration362432000JPY
Income before income taxesCurrentYearDuration128421000JPY
Depreciation and amortization ope cfPrior1YearDuration20442000JPY
Depreciation and amortization ope cfCurrentYearDuration27468000JPY
Amortization of goodwill ope cfPrior1YearDuration－JPY
Amortization of goodwill ope cfCurrentYearDuration8137000JPY
Increase decrease in provision for length of service awards ope cfPrior1YearDuration－JPY
Increase decrease in provision for length of service awards ope cfCurrentYearDuration2390000JPY
Increase decrease in allowance for doubtful accounts ope cfPrior1YearDuration－JPY
Increase decrease in allowance for doubtful accounts ope cfCurrentYearDuration-40000JPY
Increase decrease in provision for loss on order received ope cfPrior1YearDuration2696000JPY
Increase decrease in provision for loss on order received ope cfCurrentYearDuration-1685000JPY
Interest income ope cfPrior1YearDuration-102000JPY
Interest income ope cfCurrentYearDuration-2214000JPY
Decrease increase in accounts receivable trade and contract assets ope cfPrior1YearDuration-270504000JPY
Decrease increase in accounts receivable trade and contract assets ope cfCurrentYearDuration-231774000JPY
Loss gain on valuation of derivatives ope cfPrior1YearDuration-49459000JPY
Loss gain on valuation of derivatives ope cfCurrentYearDuration58597000JPY
Decrease increase in inventories ope cfPrior1YearDuration12537000JPY
Decrease increase in inventories ope cfCurrentYearDuration-13393000JPY
Increase decrease in notes and accounts payable trade ope cfPrior1YearDuration19417000JPY
Increase decrease in notes and accounts payable trade ope cfCurrentYearDuration47603000JPY
Increase decrease in contract liabilities ope cfPrior1YearDuration4468000JPY
Increase decrease in contract liabilities ope cfCurrentYearDuration-7323000JPY
Increase decrease in accounts payable other ope cfPrior1YearDuration7539000JPY
Increase decrease in accounts payable other ope cfCurrentYearDuration11714000JPY
Increase decrease in accrued expenses ope cfPrior1YearDuration42332000JPY
Increase decrease in accrued expenses ope cfCurrentYearDuration65355000JPY
Increase decrease in accrued consumption taxes ope cfPrior1YearDuration31992000JPY
Increase decrease in accrued consumption taxes ope cfCurrentYearDuration-4197000JPY
Subsidy return frame ope cfPrior1YearDuration－JPY
Subsidy return frame ope cfCurrentYearDuration4500000JPY
Subsidy income2 ope cfPrior1YearDuration－JPY
Subsidy income2 ope cfCurrentYearDuration-12223000JPY
Interest expenses ope cfPrior1YearDuration－JPY
Interest expenses ope cfCurrentYearDuration10325000JPY
Equity in earnings losses of affiliates ope cfPrior1YearDuration－JPY
Equity in earnings losses of affiliates ope cfCurrentYearDuration40637000JPY
Loss on retirement of property plant and equipment ope cfPrior1YearDuration－JPY
Loss on retirement of property plant and equipment ope cfCurrentYearDuration94000JPY
Other net ope cfPrior1YearDuration-10332000JPY
Other net ope cfCurrentYearDuration-21795000JPY
Subtotal ope cfPrior1YearDuration173458000JPY

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 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass