Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 153

Metric	Value	Period	Scope	Source row
Revenue	¥7.7bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥8.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥7.7bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥6.9bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.8bn	2021-01-01 → 2021-12-31^v	Cons.	Net sales (5-year summary)
Operating income	¥445m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥560m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥443m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥544m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥807m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥731m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥493m	2021-01-01 → 2021-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥442m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥547m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥288m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥362m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥540m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥467m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥317m	2021-01-01 → 2021-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥288m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥363m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥6.1bn	at 2025-12-31	Cons.	Assets
Total assets	¥6.0bn	at 2024-12-31	Cons.	Assets
Total assets	¥6.4bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.4bn	at 2021-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥2.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥2.4bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥3.8bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥3.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥3.8bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥3.3bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥2.8bn	at 2021-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.3bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.5bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.3bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.5bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.2bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.6bn	at 2021-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥576m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.1bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥668m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥410m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥551m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥563m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥359m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥301m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥231m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥739m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥95m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥205m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥1.1bn	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥40.62	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥48.36	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥70.58	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥61.3	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥45.88	2021-01-01 → 2021-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥39.57	2025-01-01 → 2025-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥47.1	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥68.56	2023-01-01 → 2023-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥59.37	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥43.45	2021-01-01 → 2021-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥540.89	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥506.34	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥499.74	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥426.58	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥369.2	at 2021-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	61.5%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.6%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.4%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	56.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	51.4%	at 2021-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	7.8%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	9.8%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	15.3%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	15.4%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	16.2%	2021-01-01 → 2021-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	490	at 2025-12-31	Cons.	Number of employees
Employees	453	at 2024-12-31	Cons.	Number of employees
Employees	433	at 2023-12-31^v	Cons.	Number of employees
Employees	413	at 2022-12-31^v	Cons.	Number of employees
Employees	450	at 2021-12-31^v	Cons.	Number of employees
Revenue	¥7.3bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥7.4bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥7.1bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥6.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥5.4bn	2021-01-01 → 2021-12-31^v	Standalone	Net sales (5-year summary)
Operating income	¥420m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥500m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥415m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥489m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥739m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥719m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥516m	2021-01-01 → 2021-12-31^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥415m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥493m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥264m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥322m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥494m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥478m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥341m	2021-01-01 → 2021-12-31^v	Standalone	Net income loss (5-year summary)
Total assets	¥5.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥5.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥6.2bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥5.6bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥5.3bn	at 2021-12-31^v	Standalone	Total assets (5-year summary)
Total liabilities	¥2.3bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥2.3bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥3.6bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥3.4bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥3.7bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥3.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.8bn	at 2021-12-31^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.9bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥2.1bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥37.29	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥42.97	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.59	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥62.77	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥49.33	2021-01-01 → 2021-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥36.33	2025-01-01 → 2025-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥41.85	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥62.74	2023-01-01 → 2023-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥60.79	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥46.71	2021-01-01 → 2021-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥509.76	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥480.43	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥483.94	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥420.41	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥363.24	at 2021-12-31^v	Standalone	Net assets per share (5-year summary)
Equity ratio	61.2%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.4%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.9%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	56.8%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	51.7%	at 2021-12-31^v	Standalone	Equity to asset ratio (5-year summary)
ROE	7.6%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.0%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	14.3%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	16.1%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	17.8%	2021-01-01 → 2021-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	7,672,500	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,672,500	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,653,500	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,628,500	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,580,500	at 2021-12-31^v	Standalone	Total number of issued shares (5-year summary)
Employees	423	at 2025-12-31	Standalone	Number of employees
Employees	391	at 2024-12-31	Standalone	Number of employees
Employees	363	at 2023-12-31^v	Standalone	Number of employees
Employees	344	at 2022-12-31^v	Standalone	Number of employees
Employees	380	at 2021-12-31^v	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 · 1,304

Item	Context	Value	Unit
Non operating income	CurrentYearDuration_NonConsolidatedMember	9355000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	7205000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	10457000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	2256000	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	1052000	JPY
Foreign exchange losses noe	Prior1YearDuration_NonConsolidatedMember	4371000	JPY
Foreign exchange losses noe	CurrentYearDuration_NonConsolidatedMember	2689000	JPY
Loss on investments in partnership noe	Prior1YearDuration_NonConsolidatedMember	1185000	JPY
Loss on investments in partnership noe	CurrentYearDuration_NonConsolidatedMember	－	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	0	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	134000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	15019000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	14333000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	488661000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	414800000	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration_NonConsolidatedMember	3477000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Gain on reversal of subscription rights to shares ei	Prior1YearDuration_NonConsolidatedMember	600000	JPY
Gain on reversal of subscription rights to shares ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	4077000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	－	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	492738000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	414800000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	184512000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	146075000	JPY
Income taxes deferred	Prior1YearDuration_NonConsolidatedMember	-13622000	JPY
Income taxes deferred	CurrentYearDuration_NonConsolidatedMember	4675000	JPY
Income taxes	Prior1YearDuration_NonConsolidatedMember	170890000	JPY
Income taxes	CurrentYearDuration_NonConsolidatedMember	150751000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember	321848000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	264049000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_CapitalStockMember	1015538000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	1123486000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_CapitalSurplusMember	1123486000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	1564468000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_RetainedEarningsMember	1564468000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_TreasuryStockMember	-283000	JPY
Net assets	Prior2YearInstant_NonConsolidatedMember_ShareholdersEquityMember	3703210000	JPY
Exercise of subscription rights to shares	Prior1YearDuration_NonConsolidatedMember_CapitalStockMember	950000	JPY
Exercise of subscription rights to shares	Prior1YearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	950000	JPY
Exercise of subscription rights to shares	Prior1YearDuration_NonConsolidatedMember_CapitalSurplusMember	950000	JPY
Exercise of subscription rights to shares	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	1900000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	321848000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_RetainedEarningsMember	321848000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	321848000	JPY
Purchase of treasury stock	Prior1YearDuration_NonConsolidatedMember_TreasuryStockMember	-617441000	JPY
Purchase of treasury stock	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	-617441000	JPY
Net changes of items other than shareholders equity	Prior1YearDuration_NonConsolidatedMember_ShareholdersEquityMember	－	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_CapitalStockMember	950000	JPY
Total changes of items during the period	Prior1YearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	950000	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 rounding
balance sheet identity	non_consolidated 2025-12-31	pass rounding
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