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
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember3
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember0
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember5000000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember5000000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsMember2
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember8820000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember8820000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember-JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_OutsideCorporateAuditorsMember4
Cash and depositsPrior1YearInstant5142383000JPY
Cash and depositsCurrentYearInstant5006833000JPY
Accounts receivable tradePrior1YearInstant48778000JPY
Accounts receivable tradeCurrentYearInstant24597000JPY
Contract assetsPrior1YearInstant242656000JPY
Contract assetsCurrentYearInstant4189000JPY
Raw materials and suppliesPrior1YearInstant182104000JPY
Raw materials and suppliesCurrentYearInstant903437000JPY
Advance payments tradePrior1YearInstant1523083000JPY
Advance payments tradeCurrentYearInstant3103184000JPY
Other caPrior1YearInstant177166000JPY
Other caCurrentYearInstant354558000JPY
Current assetsPrior1YearInstant7316173000JPY
Current assetsCurrentYearInstant9396800000JPY
Buildings and accompanying facilitiesPrior1YearInstant39684000JPY
Buildings and accompanying facilitiesCurrentYearInstant42268000JPY
Machinery and equipmentPrior1YearInstant1727779000JPY
Machinery and equipmentCurrentYearInstant1727779000JPY
Tools furniture and fixturesPrior1YearInstant167906000JPY
Tools furniture and fixturesCurrentYearInstant250287000JPY
Accumulated depreciation ppe by groupPrior1YearInstant-1297652000JPY
Accumulated depreciation ppe by groupCurrentYearInstant-1297652000JPY
Accumulated impairment loss ppe by groupPrior1YearInstant-637717000JPY
Accumulated impairment loss ppe by groupCurrentYearInstant-722682000JPY
Property plant and equipmentPrior1YearInstant-JPY
Property plant and equipmentCurrentYearInstant-JPY
Lease and guarantee depositsPrior1YearInstant37097000JPY
Lease and guarantee depositsCurrentYearInstant126320000JPY

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