Annual report

Period2024-06-01 → 2025-05-31
Filed2025-08-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 120
MetricValuePeriodScopeSource row
Revenue¥1.6bn2024-06-01 → 2025-05-31Cons.Net sales
Revenue¥2.1bn2023-06-01 → 2024-05-31Cons.Net sales
Revenue¥1.3bn2022-06-01 → 2023-05-31dCons.Net sales (5-year summary)
Revenue¥411m2021-06-01 → 2022-05-31dCons.Net sales (5-year summary)
Operating income−¥2.5bn2024-06-01 → 2025-05-31Cons.Operating income
Operating income−¥2.5bn2023-06-01 → 2024-05-31Cons.Operating income
Ordinary income−¥1.8bn2024-06-01 → 2025-05-31Cons.Ordinary income
Ordinary income−¥2.5bn2023-06-01 → 2024-05-31Cons.Ordinary income
Ordinary income−¥1.3bn2022-06-01 → 2023-05-31dCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.1bn2021-06-01 → 2022-05-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥1.9bn2024-06-01 → 2025-05-31Cons.Income before income taxes
Profit before tax−¥3.2bn2023-06-01 → 2024-05-31Cons.Income before income taxes
Net income (owners)−¥2.0bn2024-06-01 → 2025-05-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥3.2bn2023-06-01 → 2024-05-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.3bn2022-06-01 → 2023-05-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.7bn2021-06-01 → 2022-05-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥2.0bn2024-06-01 → 2025-05-31Cons.Profit loss
Net income−¥3.2bn2023-06-01 → 2024-05-31Cons.Profit loss
Total assets¥9.5bnat 2025-05-31Cons.Assets
Total assets¥7.4bnat 2024-05-31Cons.Assets
Total assets¥2.9bnat 2023-05-31dCons.Total assets (5-year summary)
Total assets¥3.3bnat 2022-05-31dCons.Total assets (5-year summary)
Total liabilities¥6.5bnat 2025-05-31Cons.Liabilities
Total liabilities¥2.4bnat 2024-05-31Cons.Liabilities
Net assets / equity¥3.0bnat 2025-05-31Cons.Net assets
Net assets / equity¥5.0bnat 2024-05-31Cons.Net assets
Net assets / equity¥1.9bnat 2023-05-31dCons.Net assets
Net assets / equity¥2.3bnat 2022-05-31dCons.Net assets (5-year summary)
Cash and deposits¥5.0bnat 2025-05-31Cons.Cash and deposits
Cash and deposits¥5.1bnat 2024-05-31Cons.Cash and deposits
Cash & equivalents¥4.1bnat 2025-05-31Cons.Cash and cash equivalents
Cash & equivalents¥4.2bnat 2024-05-31Cons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2023-05-31dCons.Cash and cash equivalents
Cash & equivalents¥1.7bnat 2022-05-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥4.3bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥2.6bn2023-06-01 → 2024-05-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.2bn2022-06-01 → 2023-05-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.3bn2021-06-01 → 2022-05-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥188m2024-06-01 → 2025-05-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥981m2023-06-01 → 2024-05-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥41m2022-06-01 → 2023-05-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥104m2021-06-01 → 2022-05-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥4.4bn2024-06-01 → 2025-05-31Cons.Net cash provided by used in financing activities
Financing cash flow¥6.4bn2023-06-01 → 2024-05-31Cons.Net cash provided by used in financing activities
Financing cash flow¥927m2022-06-01 → 2023-05-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-44.962024-06-01 → 2025-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-85.722023-06-01 → 2024-05-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-43.752022-06-01 → 2023-05-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-11,058.222021-06-01 → 2022-05-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥69.73at 2025-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥-213.36at 2024-05-31Cons.Net assets per share (5-year summary)
Net assets per share¥-187.68at 2023-05-31dCons.Net assets per share (5-year summary)
Net assets per share¥-31,257.24at 2022-05-31dCons.Net assets per share (5-year summary)
Equity ratio31.8%at 2025-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio67.7%at 2024-05-31Cons.Equity to asset ratio (5-year summary)
Equity ratio66.5%at 2023-05-31dCons.Equity to asset ratio (5-year summary)
Equity ratio69.5%at 2022-05-31dCons.Equity to asset ratio (5-year summary)
Employees182at 2025-05-31Cons.Number of employees
Employees161at 2024-05-31Cons.Number of employees
Employees130at 2023-05-31dCons.Number of employees
Employees93at 2022-05-31dCons.Number of employees
Revenue¥454m2024-06-01 → 2025-05-31StandaloneNet sales
Revenue¥408m2023-06-01 → 2024-05-31StandaloneNet sales
Revenue¥333m2022-06-01 → 2023-05-31dStandaloneNet sales (5-year summary)
Revenue¥234m2021-06-01 → 2022-05-31dStandaloneNet sales (5-year summary)
Revenue¥181m2020-06-01 → 2021-05-31dStandaloneNet sales (5-year summary)
Operating income−¥132m2024-06-01 → 2025-05-31StandaloneOperating income
Operating income¥27m2023-06-01 → 2024-05-31StandaloneOperating income
Ordinary income−¥211m2024-06-01 → 2025-05-31StandaloneOrdinary income
Ordinary income¥37m2023-06-01 → 2024-05-31StandaloneOrdinary income
Ordinary income¥32m2022-06-01 → 2023-05-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥3m2021-06-01 → 2022-05-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2m2020-06-01 → 2021-05-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.9bn2024-06-01 → 2025-05-31StandaloneIncome before income taxes
Profit before tax−¥3.2bn2023-06-01 → 2024-05-31StandaloneIncome before income taxes
Net income−¥2.0bn2024-06-01 → 2025-05-31StandaloneProfit loss
Net income−¥3.2bn2023-06-01 → 2024-05-31StandaloneProfit loss
Net income−¥1.3bn2022-06-01 → 2023-05-31dStandaloneNet income loss (5-year summary)
Net income−¥3.0bn2021-06-01 → 2022-05-31dStandaloneNet income loss (5-year summary)
Net income¥1m2020-06-01 → 2021-05-31dStandaloneNet income loss (5-year summary)
Total assets¥7.7bnat 2025-05-31StandaloneAssets
Total assets¥5.0bnat 2024-05-31StandaloneAssets
Total assets¥2.0bnat 2023-05-31dStandaloneTotal assets (5-year summary)
Total assets¥2.4bnat 2022-05-31dStandaloneTotal assets (5-year summary)
Total assets¥5.4bnat 2021-05-31dStandaloneTotal assets (5-year summary)
Total liabilities¥4.7bnat 2025-05-31StandaloneLiabilities
Total liabilities¥66mat 2024-05-31StandaloneLiabilities
Net assets / equity¥3.0bnat 2025-05-31StandaloneNet assets
Net assets / equity¥5.0bnat 2024-05-31StandaloneNet assets
Net assets / equity¥1.9bnat 2023-05-31dStandaloneNet assets
Net assets / equity¥2.3bnat 2022-05-31dStandaloneNet assets (5-year summary)
Net assets / equity¥5.3bnat 2021-05-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.7bnat 2025-05-31StandaloneCash and deposits
Cash and deposits¥4.3bnat 2024-05-31StandaloneCash and deposits
EPS (basic)¥-44.962024-06-01 → 2025-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-85.722023-06-01 → 2024-05-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-43.752022-06-01 → 2023-05-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-19,452.612021-06-01 → 2022-05-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥8.462020-06-01 → 2021-05-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥69.73at 2025-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥-213.36at 2024-05-31StandaloneNet assets per share (5-year summary)
Net assets per share¥-187.68at 2023-05-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥-31,257.24at 2022-05-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥-11,804.63at 2021-05-31dStandaloneNet assets per share (5-year summary)
Equity ratio39.2%at 2025-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio98.7%at 2024-05-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio97.1%at 2023-05-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio98.4%at 2022-05-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio97.8%at 2021-05-31dStandaloneEquity to asset ratio (5-year summary)
ROE0.0%2020-06-01 → 2021-05-31dStandaloneRate of return on equity (5-year summary)
Shares issued43,390,000at 2025-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued49,500at 2024-05-31StandaloneTotal number of issued shares (5-year summary)
Shares issued49,500at 2023-05-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued49,500at 2022-05-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued49,500at 2021-05-31dStandaloneTotal number of issued shares (5-year summary)
Employees32at 2025-05-31StandaloneNumber of employees
Employees26at 2024-05-31StandaloneNumber of employees
Employees26at 2023-05-31dStandaloneNumber of employees
Employees20at 2022-05-31dStandaloneNumber of employees
Employees16at 2021-05-31dStandaloneNumber 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.

Segments · 47
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2025-05-3115 pure
Reconciling Itemsreconcilingcapex2024-06-01 → 2025-05-31¥17m
Reconciling Itemsreconcilingsegment assetsat 2025-05-31¥5.5bn
Reconciling Itemsreconcilingsegment ordinary income2024-06-01 → 2025-05-31−¥915m
Axel Globe Businessreportable segmentcapex2024-06-01 → 2025-05-31¥22m
Axel Globe Businessreportable segmentemployeesat 2025-05-3146 pure
Axel Globe Businessreportable segmentrevenue2024-06-01 → 2025-05-31¥260m
Axel Globe Businessreportable segmentrevenue external2024-06-01 → 2025-05-31¥260m
Axel Globe Businessreportable segmentsegment assetsat 2025-05-31¥1.8bn
Axel Globe Businessreportable segmentsegment ordinary income2024-06-01 → 2025-05-31−¥701m
Axel Liner Businessreportable segmentcapex2024-06-01 → 2025-05-31¥84m
Axel Liner Businessreportable segmentemployeesat 2025-05-3189 pure
Axel Liner Businessreportable segmentrevenue2024-06-01 → 2025-05-31¥1.3bn
Axel Liner Businessreportable segmentrevenue external2024-06-01 → 2025-05-31¥1.3bn
Axel Liner Businessreportable segmentsegment assetsat 2025-05-31¥2.3bn
Axel Liner Businessreportable segmentsegment ordinary income2024-06-01 → 2025-05-31−¥209m
—segment totalcapex2024-06-01 → 2025-05-31¥105m
—segment totalemployeesat 2025-05-31135 pure
—segment totalrevenue2024-06-01 → 2025-05-31¥1.6bn
—segment totalrevenue external2024-06-01 → 2025-05-31¥1.6bn
—segment totalsegment assetsat 2025-05-31¥4.1bn
—segment totalsegment ordinary income2024-06-01 → 2025-05-31−¥910m
Reconciling Itemsreconcilingcapex2023-06-01 → 2024-05-31¥23m
Reconciling Itemsreconcilingdepreciation2023-06-01 → 2024-05-31¥17m
Reconciling Itemsreconcilingsegment assetsat 2024-05-31¥5.3bn
Reconciling Itemsreconcilingsegment ordinary income2023-06-01 → 2024-05-31−¥662m
Axel Globe Businessreportable segmentdepreciation2023-06-01 → 2024-05-31¥313m
Axel Globe Businessreportable segmentrevenue2023-06-01 → 2024-05-31¥392m
Axel Globe Businessreportable segmentrevenue external2023-06-01 → 2024-05-31¥392m
Axel Globe Businessreportable segmentsegment assetsat 2024-05-31¥715m
Axel Globe Businessreportable segmentsegment ordinary income2023-06-01 → 2024-05-31−¥614m
Axel Liner Businessreportable segmentcapex2023-06-01 → 2024-05-31¥160m
Axel Liner Businessreportable segmentdepreciation2023-06-01 → 2024-05-31¥26m
Axel Liner Businessreportable segmentrevenue2023-06-01 → 2024-05-31¥1.7bn
Axel Liner Businessreportable segmentrevenue external2023-06-01 → 2024-05-31¥1.7bn
Axel Liner Businessreportable segmentsegment assetsat 2024-05-31¥1.3bn
Axel Liner Businessreportable segmentsegment ordinary income2023-06-01 → 2024-05-31−¥1.2bn
—segment totalcapex2023-06-01 → 2024-05-31¥160m
—segment totaldepreciation2023-06-01 → 2024-05-31¥339m
—segment totalrevenue2023-06-01 → 2024-05-31¥2.1bn
—segment totalrevenue external2023-06-01 → 2024-05-31¥2.1bn
—segment totalsegment assetsat 2024-05-31¥2.0bn
—segment totalsegment ordinary income2023-06-01 → 2024-05-31−¥1.8bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2025-05-310 pure
Axel Globe Businessreportable segmentemployeesat 2025-05-310 pure
Axel Liner Businessreportable segmentemployeesat 2025-05-310 pure
—segment totalemployeesat 2025-05-310 pure

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

All source rows · 1,166
ItemContextValueUnit
Profit lossPrior1YearDuration-3174278000JPY
Profit lossCurrentYearDuration-1950803000JPY
Comprehensive incomePrior1YearDuration-3174278000JPY
Comprehensive incomeCurrentYearDuration-1950803000JPY
Comprehensive income attributable to owners of the parentPrior1YearDuration-3174278000JPY
Comprehensive income attributable to owners of the parentCurrentYearDuration-1950803000JPY
Net assetsPrior2YearInstant_CapitalStockMember100000000JPY
Net assetsPrior2YearInstant_CapitalSurplusMember7950276000JPY
Net assetsPrior2YearInstant_RetainedEarningsMember-6140329000JPY
Net assetsPrior2YearInstant_ShareholdersEquityMember1909946000JPY
Net assetsPrior2YearInstant_SubscriptionRightsToSharesMember363000JPY
Net assetsPrior2YearInstant1910309000JPY
Issuance of new sharesPrior1YearDuration_CapitalStockMember3120298000JPY
Issuance of new sharesPrior1YearDuration_CapitalSurplusMember3120298000JPY
Issuance of new sharesPrior1YearDuration_ShareholdersEquityMember6240597000JPY
Issuance of new sharesPrior1YearDuration6240597000JPY
Capital reductionPrior1YearDuration_CapitalStockMember-3120298000JPY
Capital reductionPrior1YearDuration_CapitalSurplusMember3120298000JPY
Capital reductionPrior1YearDuration_ShareholdersEquityMember-JPY
Capital reductionPrior1YearDuration-JPY
Profit loss attributable to owners of parentPrior1YearDuration_RetainedEarningsMember-3174278000JPY
Profit loss attributable to owners of parentPrior1YearDuration_ShareholdersEquityMember-3174278000JPY
Profit loss attributable to owners of parentPrior1YearDuration-3174278000JPY
Net changes of items other than shareholders equityPrior1YearDuration_ShareholdersEquityMember-JPY
Net changes of items other than shareholders equityPrior1YearDuration-JPY
Total changes of items during the periodPrior1YearDuration_CapitalStockMember-JPY
Total changes of items during the periodPrior1YearDuration_CapitalSurplusMember6240597000JPY
Total changes of items during the periodPrior1YearDuration_RetainedEarningsMember-3174278000JPY
Total changes of items during the periodPrior1YearDuration_ShareholdersEquityMember3066318000JPY
Total changes of items during the periodPrior1YearDuration_SubscriptionRightsToSharesMember-JPY
Total changes of items during the periodPrior1YearDuration3066318000JPY
Net assetsPrior1YearInstant_CapitalStockMember100000000JPY
Net assetsPrior1YearInstant_CapitalSurplusMember14190873000JPY
Net assetsPrior1YearInstant_RetainedEarningsMember-9314608000JPY
Net assetsPrior1YearInstant_ShareholdersEquityMember4976264000JPY
Net assetsPrior1YearInstant_SubscriptionRightsToSharesMember363000JPY
Net assetsPrior1YearInstant4976627000JPY
Net assetsPrior1YearInstant_CapitalStockMember100000000JPY
Net assetsPrior1YearInstant_CapitalSurplusMember14190873000JPY
Net assetsPrior1YearInstant_RetainedEarningsMember-9314608000JPY
Net assetsPrior1YearInstant_ShareholdersEquityMember4976264000JPY
Net assetsPrior1YearInstant_SubscriptionRightsToSharesMember363000JPY
Net assetsPrior1YearInstant4976627000JPY
Profit loss attributable to owners of parentCurrentYearDuration_RetainedEarningsMember-1950803000JPY
Profit loss attributable to owners of parentCurrentYearDuration_ShareholdersEquityMember-1950803000JPY
Profit loss attributable to owners of parentCurrentYearDuration-1950803000JPY
Net changes of items other than shareholders equityCurrentYearDuration_ShareholdersEquityMember-JPY
Net changes of items other than shareholders equityCurrentYearDuration_SubscriptionRightsToSharesMember2120000JPY
Net changes of items other than shareholders equityCurrentYearDuration2120000JPY
Total changes of items during the periodCurrentYearDuration_CapitalStockMember-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 identityconsolidated 2024-05-31pass rounding
balance sheet identityconsolidated 2025-05-31pass
balance sheet identitynon_consolidated 2024-05-31pass rounding
balance sheet identitynon_consolidated 2025-05-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-05-31pass
statement vs summary · net assetsconsolidated 2024-05-31pass
statement vs summary · net assetsconsolidated 2025-05-31pass
statement vs summary · net assetsnon_consolidated 2023-05-31pass
statement vs summary · net assetsnon_consolidated 2024-05-31pass
statement vs summary · net assetsnon_consolidated 2025-05-31pass
statement vs summary · net income attributable to parentconsolidated 2023-06-01/2024-05-31pass
statement vs summary · net income attributable to parentconsolidated 2024-06-01/2025-05-31pass
statement vs summary · operating cash flowconsolidated 2023-06-01/2024-05-31pass
statement vs summary · operating cash flowconsolidated 2024-06-01/2025-05-31pass
statement vs summary · revenueconsolidated 2023-06-01/2024-05-31pass
statement vs summary · revenueconsolidated 2024-06-01/2025-05-31pass
statement vs summary · revenuenon_consolidated 2023-06-01/2024-05-31pass
statement vs summary · revenuenon_consolidated 2024-06-01/2025-05-31pass
statement vs summary · total assetsconsolidated 2024-05-31pass
statement vs summary · total assetsconsolidated 2025-05-31pass
statement vs summary · total assetsnon_consolidated 2024-05-31pass
statement vs summary · total assetsnon_consolidated 2025-05-31pass