Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥115.1bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥119.8bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥115.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥114.9bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥117.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥11.2bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥12.2bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥10.8bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥12.1bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥9.7bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥12.7bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥19.8bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥10.8bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥11.9bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥7.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥8.4bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥6.8bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥8.1bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥13.7bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥8.0bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥8.5bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥130.1bn	at 2025-12-31	Cons.	Assets
Total assets	¥131.5bn	at 2024-12-31	Cons.	Assets
Total assets	¥124.5bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥131.2bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥122.1bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥57.5bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥59.5bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥72.6bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥71.9bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥66.5bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥62.1bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥57.5bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥6.7bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥7.2bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥6.7bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.2bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.7bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥10.9bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥16.9bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥13.8bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥7.0bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥13.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥5.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥17.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥4.6bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥8.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥4.9bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥10.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥4.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥9.6bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥645m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥9.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥5.2bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥218.15	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥225.81	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥184.23	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥217.73	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥368.95	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,990.25	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,866.63	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,720.81	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,601.26	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,480.27	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	53.6%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	52.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	51.2%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.0%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	11.2%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	12.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	11.1%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	14.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	27.9%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	863	at 2025-12-31	Cons.	Number of employees
Employees	829	at 2024-12-31	Cons.	Number of employees
Employees	831	at 2023-12-31^v	Cons.	Number of employees
Employees	825	at 2022-12-31^v	Cons.	Number of employees
Employees	809	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥109.1bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥113.2bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥109.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥108.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥109.4bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥10.3bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥11.4bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥10.2bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥11.4bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥9.5bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥11.9bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥18.8bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥10.2bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥11.2bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥7.7bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥8.0bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥6.9bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥7.7bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥13.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥123.5bn	at 2025-12-31	Standalone	Assets
Total assets	¥125.8bn	at 2024-12-31	Standalone	Assets
Total assets	¥118.6bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥125.1bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥115.8bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥59.4bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥61.7bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥64.1bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥64.2bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥59.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥55.1bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥51.3bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.7bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥5.3bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥214.22	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥217.34	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥187.39	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥207.99	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥355.45	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥105	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥90	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥90	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥85	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥75	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,832.08	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,733.91	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,602.22	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,487.12	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,382.72	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	51.9%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	51.0%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.0%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	44.0%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	44.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	11.9%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	13.0%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	12.1%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	14.5%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	28.7%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	37,149,400	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	37,149,400	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	37,149,400	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	37,149,400	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	37,149,400	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	683	at 2025-12-31	Standalone	Number of employees
Employees	657	at 2024-12-31	Standalone	Number of employees
Employees	660	at 2023-12-31^v	Standalone	Number of employees
Employees	659	at 2022-12-31^v	Standalone	Number of employees
Employees	649	at 2021-12-31^d	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 · 1,430

Item	Context	Value
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row5Member	Original text (Japanese) 年次有給休暇取得率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row5Member	％
Metrics description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row6Member	Original text (Japanese) 男性労働者の育児休業取得率
Metrics unit description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row6Member	％
Business risks (text)	FilingDateInstant	Text · Plus
Management analysis of financial position operating results and cash flows (text)	FilingDateInstant	Text · Plus
Critical contracts (text)	FilingDateInstant	Text · Plus
Research and development activities (text)	FilingDateInstant	Text · Plus
Overview of capital expenditures etc (text)	FilingDateInstant	Text · Plus
Major facilities (text)	FilingDateInstant	Text · Plus
Planned additions retirements etc of facilities (text)	FilingDateInstant	Text · Plus
Total number of shares (text)	FilingDateInstant	Text · Plus
Issued shares total number of shares etc (text)	FilingDateInstant	Text · Plus
Class issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	Original text (Japanese) 普通株式
Name of financial instruments exchange on which securities are listed or authorized financial instruments business association to which securities are registered	FilingDateInstant_OrdinaryShareMember	Original text (Japanese) 東京証券取引所プライム市場
Description issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	Original text (Japanese) 単元株式数100株
Details of employee share option program (text)	FilingDateInstant	Text · Plus
Description of rights plan (text)	FilingDateInstant	Text · Plus
Other information on share acquisition rights (text)	FilingDateInstant	Text · Plus
Exercises etc of moving strike convertible bonds etc (text)	FilingDateInstant	Text · Plus
Changes in number of issued shares stated capital etc (text)	FilingDateInstant	Text · Plus
Shareholding by shareholder category (text)	FilingDateInstant	Text · Plus
Major shareholders (text)	FilingDateInstant	Text · Plus
Name major shareholders	CurrentYearInstant_No1MajorShareholdersMember	Original text (Japanese) 日本マスタートラスト信託銀行株式会社（信託口）
Address major shareholders	CurrentYearInstant_No1MajorShareholdersMember	Original text (Japanese) 東京都港区赤坂一丁目８番１号
Name major shareholders	CurrentYearInstant_No2MajorShareholdersMember	Original text (Japanese) 株式会社日本カストディ銀行（信託口）
Address major shareholders	CurrentYearInstant_No2MajorShareholdersMember	Original text (Japanese) 東京都中央区晴海一丁目８番12号
Name major shareholders	CurrentYearInstant_No3MajorShareholdersMember	Original text (Japanese) 東ソー株式会社
Address major shareholders	CurrentYearInstant_No3MajorShareholdersMember	Original text (Japanese) 東京都中央区八重洲二丁目２番１号
Name major shareholders	CurrentYearInstant_No4MajorShareholdersMember	Text · Plus
Address major shareholders	CurrentYearInstant_No4MajorShareholdersMember	Text · Plus
Name major shareholders	CurrentYearInstant_No5MajorShareholdersMember	Original text (Japanese) 株式会社みずほ銀行
Address major shareholders	CurrentYearInstant_No5MajorShareholdersMember	Original text (Japanese) 東京都千代田区大手町一丁目５番５号
Name major shareholders	CurrentYearInstant_No6MajorShareholdersMember	Original text (Japanese) GOVERNMENT OF NORWAY（常任代理人　シティバンク、エヌ・エイ東京支店）
Address major shareholders	CurrentYearInstant_No6MajorShareholdersMember	Original text (Japanese) BANKPLASSEN 2, 0107 OSLO 1 OSLO 0107 NO（東京都新宿区新宿六丁目27番30号）
Name major shareholders	CurrentYearInstant_No7MajorShareholdersMember	Original text (Japanese) JUNIPER （常任代理人　株式会社三菱ＵＦＪ銀行）
Address major shareholders	CurrentYearInstant_No7MajorShareholdersMember	Text · Plus
Name major shareholders	CurrentYearInstant_No8MajorShareholdersMember	Original text (Japanese) THE BANK OF NEW YORK 133652 （常任代理人　株式会社みずほ銀行決済営業部）
Address major shareholders	CurrentYearInstant_No8MajorShareholdersMember	Original text (Japanese) BOULEVARD ANSPACH 1, 1000 BRUSSELS, BELGIUM（東京都港区港南二丁目15番１号）
Name major shareholders	CurrentYearInstant_No9MajorShareholdersMember	Text · Plus
Address major shareholders	CurrentYearInstant_No9MajorShareholdersMember	Text · Plus
Name major shareholders	CurrentYearInstant_No10MajorShareholdersMember	Text · Plus
Address major shareholders	CurrentYearInstant_No10MajorShareholdersMember	Text · Plus
Issued shares voting rights (text)	FilingDateInstant	Text · Plus
Description issued shares voting rights	CurrentYearInstant_SharesWithNoVotingRightsMember	－
Description issued shares voting rights	CurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember	－
Description issued shares voting rights	CurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember	－
Description issued shares voting rights	CurrentYearInstant_SharesWithFullVotingRightsTreasurySharesEtcMember	－
Description issued shares voting rights	CurrentYearInstant_SharesWithFullVotingRightsOtherMember	－
Description issued shares voting rights	CurrentYearInstant_SharesLessThanOneUnitMember	－

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 rounding
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