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
Class d preferred shares total number of issued shares (key data)CurrentYearInstant_NonConsolidatedMember-
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember5276029000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember2325535000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember1910309000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember4976627000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember3027944000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember5393275000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember2361425000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember1967199000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember5042818000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember7722387000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember-11804.63
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember-31257.24
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember-187.68
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember-213.36
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember69.73
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember8.46
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-19452.61
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-43.75
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-85.72
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-44.96
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.978
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.984
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.971
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.987
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.392
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.000
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-

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