Annual report

Period2024-01-01 → 2024-12-31

Filed2025-03-28

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100VGMJ. Amended by S100VIRS (2025-03-28).

Key figures · 147

Metric	Value	Period	Scope	Source row
Revenue	¥6.2bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥5.2bn	2023-01-01 → 2023-12-31	Cons.	Net sales
Revenue	¥3.4bn	2022-01-01 → 2022-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥3.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥2.8bn	2020-01-01 → 2020-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥306m	2024-01-01 → 2024-12-31	Cons.	Operating income
Operating income	¥188m	2023-01-01 → 2023-12-31	Cons.	Operating income
Ordinary income	¥294m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥175m	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	−¥184m	2022-01-01 → 2022-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥148m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥28m	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥284m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Profit before tax	¥172m	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Net income (owners)	¥241m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥169m	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥228m	2022-01-01 → 2022-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥131m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥33m	2020-01-01 → 2020-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥241m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Net income	¥169m	2023-01-01 → 2023-12-31	Cons.	Profit loss
Total assets	¥3.8bn	at 2024-12-31	Cons.	Assets
Total assets	¥2.7bn	at 2023-12-31	Cons.	Assets
Total assets	¥2.0bn	at 2022-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥2.0bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥1.5bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥2.5bn	at 2024-12-31	Cons.	Liabilities
Total liabilities	¥1.7bn	at 2023-12-31	Cons.	Liabilities
Net assets / equity	¥1.3bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥1.0bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥842m	at 2022-12-31^d	Cons.	Net assets
Net assets / equity	¥983m	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥455m	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.2bn	at 2024-12-31	Cons.	Cash and deposits
Cash and deposits	¥809m	at 2023-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.2bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥809m	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥474m	at 2022-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥676m	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥372m	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥331m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥99m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥268m	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥122m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥132m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥502m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥36m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥145m	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥71m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥83m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥558m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥271m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥210m	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥252m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥91m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥50.53	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥35.67	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-48.52	2022-01-01 → 2022-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥31.67	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥7.98	2020-01-01 → 2020-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥48.4	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥34.06	2023-01-01 → 2023-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥30.11	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥268.33	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥215.42	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥178.53	at 2022-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥214.15	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥29.1	at 2020-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	33.9%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	37.2%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	42.3%	at 2022-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	49.6%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	31.0%	at 2020-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	20.9%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	18.1%	2023-01-01 → 2023-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	18.3%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	7.5%	2020-01-01 → 2020-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	157	at 2024-12-31	Cons.	Number of employees
Employees	131	at 2023-12-31	Cons.	Number of employees
Employees	113	at 2022-12-31^d	Cons.	Number of employees
Employees	98	at 2021-12-31^d	Cons.	Number of employees
Employees	91	at 2020-12-31^d	Cons.	Number of employees
Revenue	¥5.9bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥5.2bn	2023-01-01 → 2023-12-31	Standalone	Net sales
Revenue	¥3.4bn	2022-01-01 → 2022-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥3.4bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥2.8bn	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥338m	2024-01-01 → 2024-12-31	Standalone	Operating income
Operating income	¥184m	2023-01-01 → 2023-12-31	Standalone	Operating income
Ordinary income	¥325m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥172m	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	−¥189m	2022-01-01 → 2022-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥155m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥34m	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥315m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Profit before tax	¥168m	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Net income	¥290m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥166m	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	−¥232m	2022-01-01 → 2022-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥139m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥39m	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥3.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥2.8bn	at 2023-12-31	Standalone	Assets
Total assets	¥2.0bn	at 2022-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥2.0bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥1.5bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥2.4bn	at 2024-12-31	Standalone	Liabilities
Total liabilities	¥1.7bn	at 2023-12-31	Standalone	Liabilities
Net assets / equity	¥1.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.0bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥849m	at 2022-12-31^d	Standalone	Net assets
Net assets / equity	¥996m	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥461m	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥705m	at 2024-12-31	Standalone	Cash and deposits
Cash and deposits	¥803m	at 2023-12-31	Standalone	Cash and deposits
EPS (basic)	¥60.89	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥35	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-49.55	2022-01-01 → 2022-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥33.44	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥9.5	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥58.32	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥33.42	2023-01-01 → 2023-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥31.79	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥279.44	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥216.11	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥180.03	at 2022-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥216.93	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥30.65	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	35.7%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	37.3%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	42.5%	at 2022-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.0%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	31.3%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	24.6%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	17.7%	2023-01-01 → 2023-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	19.1%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	8.9%	2020-01-01 → 2020-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	4,777,620	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,744,920	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,717,020	at 2022-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,590,620	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	120,554	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	141	at 2024-12-31	Standalone	Number of employees
Employees	129	at 2023-12-31	Standalone	Number of employees
Employees	111	at 2022-12-31^d	Standalone	Number of employees
Employees	94	at 2021-12-31^d	Standalone	Number of employees
Employees	88	at 2020-12-31^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.

Segments · 1

Segment	Item	Period	Value
Security Solution Businessreportable segment	employees	at 2024-12-31	157 pure

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

All source rows · 1,298

Item	Context	Value	Unit
Retained earnings	Prior1YearInstant	58480000	JPY
Retained earnings	CurrentYearInstant	299042000	JPY
Treasury stock	Prior1YearInstant	-117000	JPY
Treasury stock	CurrentYearInstant	-218000	JPY
Shareholders equity	Prior1YearInstant	1021024000	JPY
Shareholders equity	CurrentYearInstant	1273587000	JPY
Deferred gains or losses on hedges	Prior1YearInstant	-1265000	JPY
Deferred gains or losses on hedges	CurrentYearInstant	6477000	JPY
Foreign currency translation adjustment	Prior1YearInstant	2388000	JPY
Foreign currency translation adjustment	CurrentYearInstant	1910000	JPY
Valuation and translation adjustments	Prior1YearInstant	1123000	JPY
Valuation and translation adjustments	CurrentYearInstant	8387000	JPY
Subscription rights to shares	Prior1YearInstant	160000	JPY
Subscription rights to shares	CurrentYearInstant	160000	JPY
Net assets	Prior1YearInstant	1022308000	JPY
Net assets	CurrentYearInstant	1282134000	JPY
Liabilities and net assets	Prior1YearInstant	2749733000	JPY
Liabilities and net assets	CurrentYearInstant	3784347000	JPY
Net sales	Prior1YearDuration	5191074000	JPY
Net sales	CurrentYearDuration	6247242000	JPY
Cost of sales	Prior1YearDuration	3175097000	JPY
Cost of sales	CurrentYearDuration	3718727000	JPY
Gross profit	Prior1YearDuration	2015976000	JPY
Gross profit	CurrentYearDuration	2528515000	JPY
Selling general and administrative expenses	Prior1YearDuration	1827991000	JPY
Selling general and administrative expenses	CurrentYearDuration	2222625000	JPY
Operating income	Prior1YearDuration	187985000	JPY
Operating income	CurrentYearDuration	305889000	JPY
Interest income noi	Prior1YearDuration	13000	JPY
Interest income noi	CurrentYearDuration	132000	JPY
Interest on refund noi	Prior1YearDuration	144000	JPY
Interest on refund noi	CurrentYearDuration	－	JPY
Subsidy income noi bounty	Prior1YearDuration	88000	JPY
Subsidy income noi bounty	CurrentYearDuration	842000	JPY
Compensation received noi	Prior1YearDuration	281000	JPY
Compensation received noi	CurrentYearDuration	－	JPY
Gain on sales of materials noi	Prior1YearDuration	－	JPY
Gain on sales of materials noi	CurrentYearDuration	657000	JPY
Other noi	Prior1YearDuration	25000	JPY
Other noi	CurrentYearDuration	169000	JPY
Non operating income	Prior1YearDuration	552000	JPY
Non operating income	CurrentYearDuration	1802000	JPY
Interest expenses noe	Prior1YearDuration	7496000	JPY
Interest expenses noe	CurrentYearDuration	12705000	JPY
Provision of allowance for doubtful accounts noe	Prior1YearDuration	－	JPY
Provision of allowance for doubtful accounts noe	CurrentYearDuration	150000	JPY
Loss on retirement of noncurrent assets noe	Prior1YearDuration	4709000	JPY
Loss on retirement of noncurrent assets noe	CurrentYearDuration	200000	JPY
Other noe	Prior1YearDuration	906000	JPY
Other noe	CurrentYearDuration	889000	JPY

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 2023-12-31	pass
balance sheet identity	consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2023-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2022-12-31	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	non_consolidated 2022-12-31	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 income attributable to parent	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · total assets	consolidated 2023-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2023-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass