Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 140
MetricValuePeriodScopeSource row
Revenue¥43.7bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥34.1bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥26.4bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥19.4bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥12.7bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥3.0bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥2.0bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥2.7bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥2.1bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥1.1bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥111m2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax−¥1.2bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥2.6bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥2.9bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.0bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥21m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)−¥1.2bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥2.6bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥2.9bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥60.5bnat 2025-12-31Cons.Assets IFRS
Total assets¥44.6bnat 2024-12-31Cons.Assets IFRS
Total assets¥37.9bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥35.9bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥31.2bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥23.3bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥10.3bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥37.1bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥34.3bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥29.1bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥37.1bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥34.3bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥29.1bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥26.2bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥22.8bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥11.7bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥5.5bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥6.1bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥3.8bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥6.6bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥3.3bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥1.9bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥2.2bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥996m2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow−¥747m2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥4.3bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥2.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥2.0bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥3.8bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥9.1bn2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow¥7.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥792m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥2.3bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥520m2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥14.4bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥25.142025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥28.72024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥9.852023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥0.212022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥-11.972021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥24.992025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥28.472024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥9.752023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥0.212022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-11.972021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥364.44at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥337.62at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥285.54at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥258.11at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥225.73at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio61.4%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio76.9%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio76.9%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio72.9%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio73.2%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE7.2%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE9.2%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE3.6%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE0.1%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
Employees791at 2025-12-31Cons.Number of employees
Employees708at 2024-12-31Cons.Number of employees
Employees706at 2023-12-31vCons.Number of employees
Employees661at 2022-12-31vCons.Number of employees
Employees574at 2021-12-31dCons.Number of employees
Revenue¥128m2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥133m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥62m2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥74m2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥51m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥230m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥342m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥35m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥355m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥334m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥84m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥536m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥5m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥340m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥4m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥341m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥325m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥62m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥537m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥38.5bnat 2025-12-31StandaloneAssets
Total assets¥30.6bnat 2024-12-31StandaloneAssets
Total assets¥30.8bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥31.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥31.1bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥9.5bnat 2025-12-31StandaloneLiabilities
Total liabilities¥1.5bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥29.0bnat 2025-12-31StandaloneNet assets
Net assets / equity¥29.1bnat 2024-12-31StandaloneNet assets
Net assets / equity¥30.2bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥30.3bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥30.3bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥898mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥207mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥0.042025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-3.352024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-3.22023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-0.612022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.462021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥0.042025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
Dividend per share¥2.252025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥22024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Net assets per share¥284.35at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥286.09at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥296.14at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥298.68at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥299.79at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio74.4%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio93.8%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio97.1%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio97.5%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio97.2%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE0.0%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
Shares issued102,589,177at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued102,289,998at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued101,882,216at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued101,511,035at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued101,164,657at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)

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 · 1,357
ItemContextValueUnit
Operating expenses IFRSPrior1YearDuration16182000000JPY
Operating expenses IFRSCurrentYearDuration20929000000JPY
Gains on financial asset measured at fair value through profit or loss IFRSPrior1YearDuration289000000JPY
Gains on financial asset measured at fair value through profit or loss IFRSCurrentYearDuration265000000JPY
Gains on forfeited contingent consideration IFRSPrior1YearDuration73000000JPY
Gains on forfeited contingent consideration IFRSCurrentYearDuration133000000JPY
Government grant income IFRSPrior1YearDuration2000000JPY
Government grant income IFRSCurrentYearDuration3000000JPY
Other other income IFRSPrior1YearDuration26000000JPY
Other other income IFRSCurrentYearDuration16000000JPY
Other income IFRSPrior1YearDuration390000000JPY
Other income IFRSCurrentYearDuration417000000JPY
Cash and depositsPrior1YearInstant_NonConsolidatedMember207000000JPY
Cash and depositsCurrentYearInstant_NonConsolidatedMember898000000JPY
Accrued incomePrior1YearInstant_NonConsolidatedMember1000000JPY
Accrued incomeCurrentYearInstant_NonConsolidatedMember1000000JPY
Prepaid expensesPrior1YearInstant_NonConsolidatedMember7000000JPY
Prepaid expensesCurrentYearInstant_NonConsolidatedMember11000000JPY
Other caPrior1YearInstant_NonConsolidatedMember8000000JPY
Other caCurrentYearInstant_NonConsolidatedMember9000000JPY
Current assetsPrior1YearInstant_NonConsolidatedMember223000000JPY
Current assetsCurrentYearInstant_NonConsolidatedMember918000000JPY
Stocks of subsidiaries and affiliatesPrior1YearInstant_NonConsolidatedMember29594000000JPY
Stocks of subsidiaries and affiliatesCurrentYearInstant_NonConsolidatedMember36375000000JPY
Long term loans receivablePrior1YearInstant_NonConsolidatedMember680000000JPY
Long term loans receivableCurrentYearInstant_NonConsolidatedMember980000000JPY
Long term accounts receivable otherPrior1YearInstant_NonConsolidatedMember118000000JPY
Long term accounts receivable otherCurrentYearInstant_NonConsolidatedMember246000000JPY
Investments and other assetsPrior1YearInstant_NonConsolidatedMember30392000000JPY
Investments and other assetsCurrentYearInstant_NonConsolidatedMember37601000000JPY
Noncurrent assetsPrior1YearInstant_NonConsolidatedMember30392000000JPY
Noncurrent assetsCurrentYearInstant_NonConsolidatedMember37601000000JPY
AssetsPrior1YearInstant_NonConsolidatedMember30614000000JPY
AssetsCurrentYearInstant_NonConsolidatedMember38519000000JPY
Short term loans payablePrior1YearInstant_NonConsolidatedMember1500000000JPY
Short term loans payableCurrentYearInstant_NonConsolidatedMember2470000000JPY
Current portion of long term loans payablePrior1YearInstant_NonConsolidatedMember-JPY
Current portion of long term loans payableCurrentYearInstant_NonConsolidatedMember1300000000JPY
Accounts payable otherPrior1YearInstant_NonConsolidatedMember9000000JPY
Accounts payable otherCurrentYearInstant_NonConsolidatedMember9000000JPY
Accrued expensesPrior1YearInstant_NonConsolidatedMember26000000JPY
Accrued expensesCurrentYearInstant_NonConsolidatedMember27000000JPY
Income taxes payablePrior1YearInstant_NonConsolidatedMember1000000JPY
Income taxes payableCurrentYearInstant_NonConsolidatedMember1000000JPY
Other clPrior1YearInstant_NonConsolidatedMember1000000JPY
Other clCurrentYearInstant_NonConsolidatedMember1000000JPY
Current liabilitiesPrior1YearInstant_NonConsolidatedMember1537000000JPY
Current liabilitiesCurrentYearInstant_NonConsolidatedMember3808000000JPY
Long term loans payablePrior1YearInstant_NonConsolidatedMember-JPY
Long term loans payableCurrentYearInstant_NonConsolidatedMember5724000000JPY

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 · 21 of 21 passed
balance sheet identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
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