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
Number of employeesPrior2YearInstant_NonConsolidatedMember-
Number of employeesPrior1YearInstant_NonConsolidatedMember-
Number of employeesCurrentYearInstant_NonConsolidatedMember-
Total shareholder returnPrior4YearInstant_NonConsolidatedMember-
Total shareholder returnPrior3YearInstant_NonConsolidatedMember0.715
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.974
Total shareholder returnPrior1YearInstant_NonConsolidatedMember0.769
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.568
Total return on share price indexPrior4YearInstant_NonConsolidatedMember-
Total return on share price indexPrior3YearInstant_NonConsolidatedMember0.976
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.252
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.508
Total return on share price indexCurrentYearInstant_NonConsolidatedMember1.892
Number of employeesCurrentYearInstant791
Number of employeesCurrentYearInstant_NonConsolidatedMember-
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember-
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember-
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember-JPY
Gross scope1 greenhouse gas emissions scope1 and2 greenhouse gas emissionsCurrentYearDuration_ConsolidatedAccountingGroupMember221.4
Gross scope2 greenhouse gas emissions scope1 and2 greenhouse gas emissionsCurrentYearDuration_ConsolidatedAccountingGroupMember450.6
Gross scope3 greenhouse gas emissionsCurrentYearDuration1973.0
Gross scope12 and3 greenhouse gas emissionsCurrentYearDuration2645.0
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member42.2
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row2Member24.2
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row3Member25.0
Research and development expenses research and development activitiesCurrentYearDuration5343000000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration21000000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember102589177
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember102610896
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant102589177
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant102610896
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember9
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember47
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember141
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember213
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember159
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember23115
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember23684
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember98617
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember32029
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember5599
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember650635
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember80614
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember156895
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember1024389
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember150277
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-

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