Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 150
MetricValuePeriodScopeSource row
Revenue¥20.6bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥20.3bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥21.0bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥19.6bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥14.1bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥1.6bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥2.8bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥1.2bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥2.3bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥2.9bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥2.9bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥1.3bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥786m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.6bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥2.4bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥2.1bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥986m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥786m2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥1.6bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥38.5bnat 2025-12-31Cons.Assets IFRS
Total assets¥39.0bnat 2024-12-31Cons.Assets IFRS
Total assets¥36.2bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥34.9bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥31.4bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥20.9bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥21.6bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥17.6bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥17.4bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥15.3bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥17.6bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥17.4bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥15.3bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥13.2bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥12.1bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥2.3bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥2.7bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥3.6bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥4.1bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥3.5bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥3.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥3.6bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥2.9bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥2.2bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥2.1bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥2.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥2.9bn2024-01-01 → 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¥425m2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥957m2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥1.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥1.5bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥1.4bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥2.1bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥754m2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥42.232025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥88.952024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥129.582023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥109.172022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥572021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥36.122025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥80.042024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥120.122023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥105.622022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥54.892021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥957.78at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥958.05at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥833.4at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥713.54at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥647.99at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio45.8%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio44.7%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio42.2%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio37.9%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio38.5%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE4.5%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE10.0%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE16.7%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE16.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE9.1%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees334at 2025-12-31Cons.Number of employees
Employees321at 2024-12-31Cons.Number of employees
Employees328at 2023-12-31vCons.Number of employees
Employees319at 2022-12-31vCons.Number of employees
Employees304at 2021-12-31dCons.Number of employees
Operating income¥442m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥392m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥417m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥399m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥207m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥454m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥298m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥422m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥399m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥472m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥464m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥263m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥875m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥235m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥14.5bnat 2025-12-31StandaloneAssets
Total assets¥15.5bnat 2024-12-31StandaloneAssets
Total assets¥17.9bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥20.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥14.9bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥9.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥9.9bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥5.4bnat 2025-12-31StandaloneNet assets
Net assets / equity¥5.5bnat 2024-12-31StandaloneNet assets
Net assets / equity¥5.5bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥5.6bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥6.9bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥219mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥219mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥25.352025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥25.142024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥14.352023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥46.542022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-13.612021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥24.72025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥24.62024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥13.642023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥45.032022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥352025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥392024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥392023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥312022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥142021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥191.91at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥202.49at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥208.42at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥218at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥298.51at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio35.2%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio33.9%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio29.6%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio27.0%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio43.3%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE9.1%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.8%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE4.9%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE16.2%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
Shares issued16,965,000at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued16,965,000at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued16,923,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,414,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,786,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees13at 2025-12-31StandaloneNumber of employees
Employees12at 2024-12-31StandaloneNumber of employees
Employees10at 2023-12-31vStandaloneNumber of employees
Employees10at 2022-12-31vStandaloneNumber of employees
Employees8at 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.

All source rows · 1,610
ItemContextValueUnit
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant17606000000JPY
Total assets IFRS (5-year summary)Prior4YearInstant31382000000JPY
Total assets IFRS (5-year summary)Prior3YearInstant34861000000JPY
Total assets IFRS (5-year summary)Prior2YearInstant36185000000JPY
Total assets IFRS (5-year summary)Prior1YearInstant39004000000JPY
Total assets IFRS (5-year summary)CurrentYearInstant38468000000JPY
Equity to asset ratio IFRS (5-year summary)Prior4YearInstant647.99
Equity to asset ratio IFRS (5-year summary)Prior3YearInstant713.54
Equity to asset ratio IFRS (5-year summary)Prior2YearInstant833.40
Equity to asset ratio IFRS (5-year summary)Prior1YearInstant958.05
Equity to asset ratio IFRS (5-year summary)CurrentYearInstant957.78
Basic earnings loss per share IFRS (5-year summary)Prior4YearDuration57.00
Basic earnings loss per share IFRS (5-year summary)Prior3YearDuration109.17
Basic earnings loss per share IFRS (5-year summary)Prior2YearDuration129.58
Basic earnings loss per share IFRS (5-year summary)Prior1YearDuration88.95
Basic earnings loss per share IFRS (5-year summary)CurrentYearDuration42.23
Diluted earnings loss per share IFRS (5-year summary)Prior4YearDuration54.89
Diluted earnings loss per share IFRS (5-year summary)Prior3YearDuration105.62
Diluted earnings loss per share IFRS (5-year summary)Prior2YearDuration120.12
Diluted earnings loss per share IFRS (5-year summary)Prior1YearDuration80.04
Diluted earnings loss per share IFRS (5-year summary)CurrentYearDuration36.12
Ratio of owners equity to gross assets IFRS (5-year summary)Prior4YearInstant0.385
Ratio of owners equity to gross assets IFRS (5-year summary)Prior3YearInstant0.379
Ratio of owners equity to gross assets IFRS (5-year summary)Prior2YearInstant0.422
Ratio of owners equity to gross assets IFRS (5-year summary)Prior1YearInstant0.447
Ratio of owners equity to gross assets IFRS (5-year summary)CurrentYearInstant0.458
Rate of return on equity IFRS (5-year summary)Prior4YearDuration0.091
Rate of return on equity IFRS (5-year summary)Prior3YearDuration0.162
Rate of return on equity IFRS (5-year summary)Prior2YearDuration0.167
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.100
Rate of return on equity IFRS (5-year summary)CurrentYearDuration0.045
Price earnings ratio IFRS (5-year summary)Prior4YearDuration16.7
Price earnings ratio IFRS (5-year summary)Prior3YearDuration15.5
Price earnings ratio IFRS (5-year summary)Prior2YearDuration9.0
Price earnings ratio IFRS (5-year summary)Prior1YearDuration10.3
Price earnings ratio IFRS (5-year summary)CurrentYearDuration17.1
Cash flows from used in operating activities IFRS (5-year summary)Prior4YearDuration2079000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior3YearDuration2166000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior2YearDuration2929000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration3642000000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration2980000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior4YearDuration-957000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior3YearDuration425000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior2YearDuration-2034000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior1YearDuration-2873000000JPY
Cash flows from used in investing activities IFRS (5-year summary)CurrentYearDuration-2017000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior4YearDuration-754000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior3YearDuration-2112000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior2YearDuration-1394000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior1YearDuration-1490000000JPY

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 · 19 of 19 passed
balance sheet identityconsolidated 2024-12-31pass rounding
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 · 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