Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-24
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 153
MetricValuePeriodScopeSource row
Revenue¥4.5bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥5.2bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥5.1bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥5.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥4.5bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥100m2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥239m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥93m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥235m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥126m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥173m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥385m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥88m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥235m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥24m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥137m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥34m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥97m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥243m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥24m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥137m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥2.3bnat 2025-12-31Cons.Assets
Total assets¥2.5bnat 2024-12-31Cons.Assets
Total assets¥2.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥2.0bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥2.1bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥720mat 2025-12-31Cons.Liabilities
Total liabilities¥866mat 2024-12-31Cons.Liabilities
Net assets / equity¥1.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥1.6bnat 2024-12-31Cons.Net assets
Net assets / equity¥1.4bnat 2023-12-31vCons.Net assets
Net assets / equity¥1.4bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥1.5bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥1.2bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥1.1bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥1.2bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.1bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥822mat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥752mat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥952mat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥115m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥268m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥64m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥97m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥314m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥43m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥4m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥232m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥119m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥29m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥18m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥2m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥237m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥179m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥203m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥6.42025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥36.62024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥9.092023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥25.932022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥65.032021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥6.12025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥34.832024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥8.622023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥242022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥58.722021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥429.65at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥423.24at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥386.61at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥377.87at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥394.51at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio69.0%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio64.6%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio62.4%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio69.6%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio71.2%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE1.5%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE9.0%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE2.4%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE6.6%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE19.2%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees212at 2025-12-31Cons.Number of employees
Employees257at 2024-12-31Cons.Number of employees
Employees321at 2023-12-31vCons.Number of employees
Employees335at 2022-12-31vCons.Number of employees
Employees289at 2021-12-31dCons.Number of employees
Revenue¥4.4bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥5.2bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥5.0bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥5.2bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥4.5bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥105m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥248m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥99m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥252m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥149m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥197m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥396m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥67m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥230m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥8m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥130m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥36m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥73m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥253m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥2.3bnat 2025-12-31StandaloneAssets
Total assets¥2.4bnat 2024-12-31StandaloneAssets
Total assets¥2.3bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.1bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥700mat 2025-12-31StandaloneLiabilities
Total liabilities¥858mat 2024-12-31StandaloneLiabilities
Net assets / equity¥1.6bnat 2025-12-31StandaloneNet assets
Net assets / equity¥1.6bnat 2024-12-31StandaloneNet assets
Net assets / equity¥1.5bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥1.4bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.5bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.0bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥2.052025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥34.652024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥9.592023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥19.492022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥67.692021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥1.952025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥32.972024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥9.092023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥18.042022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥61.122021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥424.83at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥422.78at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥388.13at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥378.74at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥401.38at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio69.4%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.8%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio72.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio71.8%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE0.5%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE2.5%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE4.9%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE19.6%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued3,793,300at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued3,793,300at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued3,793,300at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued3,793,300at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued3,793,300at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees193at 2025-12-31StandaloneNumber of employees
Employees235at 2024-12-31StandaloneNumber of employees
Employees284at 2023-12-31vStandaloneNumber of employees
Employees308at 2022-12-31vStandaloneNumber of employees
Employees255at 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.

Segments · 16
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥27m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥27m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥321m
—segment totalemployeesat 2025-12-31190 pure
—segment totalrevenue2025-01-01 → 2025-12-31¥4.5bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥4.5bn
—segment totalrevenue intersegment2025-01-01 → 2025-12-31¥27m
—segment totalsegment profit2025-01-01 → 2025-12-31¥421m
Reconciling Itemsreconcilingrevenue2024-01-01 → 2024-12-31−¥31m
Reconciling Itemsreconcilingrevenue intersegment2024-01-01 → 2024-12-31−¥31m
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥301m
—segment totalrevenue2024-01-01 → 2024-12-31¥5.2bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥5.2bn
—segment totalrevenue intersegment2024-01-01 → 2024-12-31¥31m
—segment totalsegment profit2024-01-01 → 2024-12-31¥540m
—segment totalemployeesat 2025-12-31174 pure

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

All source rows · 1,224
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)EY新日本有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)小野原 徳郎
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)八幡 正博
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)のれんの評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)「注記事項 (重要な会計上の見積り)」
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)EY新日本有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)小野原 徳郎
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)八幡 正博
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)のれんの評価
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)「注記事項」(重要な会計上の見積り)
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration4477384000JPY
Net sales (5-year summary)Prior3YearDuration5189147000JPY
Net sales (5-year summary)Prior2YearDuration5057617000JPY
Net sales (5-year summary)Prior1YearDuration5169035000JPY
Net sales (5-year summary)CurrentYearDuration4458053000JPY
Ordinary income loss (5-year summary)Prior4YearDuration384911000JPY
Ordinary income loss (5-year summary)Prior3YearDuration173050000JPY
Ordinary income loss (5-year summary)Prior2YearDuration126392000JPY
Ordinary income loss (5-year summary)Prior1YearDuration235231000JPY
Ordinary income loss (5-year summary)CurrentYearDuration93112000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration243175000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration96524000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration34013000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration137018000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration23971000JPY
Comprehensive income (5-year summary)Prior4YearDuration242321000JPY
Comprehensive income (5-year summary)Prior3YearDuration95355000JPY
Comprehensive income (5-year summary)Prior2YearDuration33447000JPY
Comprehensive income (5-year summary)Prior1YearDuration137126000JPY
Comprehensive income (5-year summary)CurrentYearDuration24012000JPY
Net assets (5-year summary)Prior4YearInstant1497797000JPY
Net assets (5-year summary)Prior3YearInstant1413979000JPY
Net assets (5-year summary)Prior2YearInstant1448577000JPY
Net assets (5-year summary)Prior1YearInstant1585704000JPY
Net assets (5-year summary)CurrentYearInstant1609716000JPY
Total assets (5-year summary)Prior4YearInstant2102643000JPY

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 rounding
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