Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-27
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 186
MetricValuePeriodScopeSource row
Revenue¥39.0bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥38.3bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥36.3bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥21.7bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥32.1bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥20.2bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Revenue¥32.0bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥1.4bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥305m2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Ordinary income¥528m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.5bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥280m2024-01-01 → 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¥778m2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥2.0bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥629m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥164m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥511m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥330m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥364m2022-01-01 → 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 (5-year summary)
Net income (owners)¥1.3bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥583m2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income−¥22m2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Net income¥512m2023-01-01 → 2023-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥482m2022-01-01 → 2022-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥1.4bn2021-01-01 → 2021-12-31dCons.Profit loss IFRS (5-year summary)
Total assets¥24.7bnat 2025-12-31Cons.Assets IFRS
Total assets¥22.2bnat 2024-12-31Cons.Assets IFRS
Total assets¥21.5bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥13.7bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥21.3bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥14.0bnat 2021-12-31dCons.Total assets (5-year summary)
Total assets¥21.3bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥16.8bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥14.7bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥7.9bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥7.4bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥12.2bnat 2023-12-31vCons.Equity IFRS
Net assets / equity¥7.7bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥8.1bnat 2021-12-31dCons.Net assets (5-year summary)
Equity (owners)¥7.8bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥7.3bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥8.4bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥7.9bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥8.3bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥4.4bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥4.8bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥5.2bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥2.4bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥5.7bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥4.0bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥6.5bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥906m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥1.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥387m2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow−¥213m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.1bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥649m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.6bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥531m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥7m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥455m2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥215m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥6m2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥308m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥119m2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥757m2025-01-01 → 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−¥1.1bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.9bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥491m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.3bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥58.132025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥16.12024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥50.352023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥31.972022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥35.292022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥115.092021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥121.272021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥58.132025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥16.12024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥50.332023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥31.952022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥35.272022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥114.582021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥120.732021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥730.58at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥668.84at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥827.32at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥761.69at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥781.31at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥764.61at 2021-12-31dCons.Net assets per share (5-year summary)
Net assets per share¥785.49at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio31.8%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio32.9%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio39.0%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio55.8%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio37.1%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio57.4%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
Equity ratio38.8%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE8.3%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE2.1%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE6.3%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE4.3%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE4.5%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE15.9%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
ROE16.3%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees605at 2025-12-31Cons.Number of employees
Employees623at 2024-12-31Cons.Number of employees
Employees628at 2023-12-31vCons.Number of employees
Employees611at 2022-12-31vCons.Number of employees
Employees582at 2021-12-31dCons.Number of employees
Revenue¥1.8bn2025-01-01 → 2025-12-31StandaloneOperating revenue1
Revenue¥6.8bn2024-01-01 → 2024-12-31StandaloneOperating revenue1
Revenue¥1.6bn2023-01-01 → 2023-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥1.3bn2022-01-01 → 2022-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥19.3bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥97m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥5.6bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥109m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥5.5bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥404m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥112m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.6bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥196m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥509m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥137m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥536m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥370m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥89m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.2bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥14.7bnat 2025-12-31StandaloneAssets
Total assets¥14.3bnat 2024-12-31StandaloneAssets
Total assets¥10.6bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥10.2bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥13.5bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥7.4bnat 2025-12-31StandaloneLiabilities
Total liabilities¥6.9bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥7.3bnat 2025-12-31StandaloneNet assets
Net assets / equity¥7.4bnat 2024-12-31StandaloneNet assets
Net assets / equity¥7.6bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥7.3bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥8.0bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥706mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥590mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥12.72025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-52.472024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥36.52023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥8.572022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥117.812021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥36.492023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥8.572022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥117.292021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥182025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥52024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥162023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥112022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥362021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥680.55at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥675.3at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥743.7at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥717.8at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥756.07at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio49.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio51.4%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio71.3%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio71.7%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio59.0%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE1.9%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE-7.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE5.0%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE1.2%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE16.5%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued11,552,731at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued11,552,731at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,840,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,840,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,840,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees43at 2025-12-31StandaloneNumber of employees
Employees39at 2024-12-31StandaloneNumber of employees
Employees36at 2023-12-31vStandaloneNumber of employees
Employees44at 2022-12-31vStandaloneNumber of employees
Employees284at 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 · 1,860
ItemContextValueUnit
Borrowings ncl IFRSPrior1YearInstant461660000JPY
Borrowings ncl IFRSCurrentYearInstant4042600000JPY
Lease liabilities ncl IFRSPrior1YearInstant521606000JPY
Lease liabilities ncl IFRSCurrentYearInstant1515926000JPY
Retirement benefit liability ncl IFRSPrior1YearInstant505862000JPY
Retirement benefit liability ncl IFRSCurrentYearInstant530738000JPY
Provisions ncl IFRSPrior1YearInstant260640000JPY
Provisions ncl IFRSCurrentYearInstant126681000JPY
Deferred tax liabilities IFRSPrior1YearInstant298495000JPY
Deferred tax liabilities IFRSCurrentYearInstant257023000JPY
Other non current liabilities ncl IFRSPrior1YearInstant180393000JPY
Other non current liabilities ncl IFRSCurrentYearInstant200040000JPY
Non current labilities IFRSPrior1YearInstant2228659000JPY
Non current labilities IFRSCurrentYearInstant6673010000JPY
Liabilities IFRSPrior1YearInstant14739858000JPY
Liabilities IFRSCurrentYearInstant16767145000JPY
Share capital IFRSPrior1YearInstant350000000JPY
Share capital IFRSCurrentYearInstant350000000JPY
Capital surplus IFRSPrior1YearInstant-JPY
Capital surplus IFRSCurrentYearInstant6495000JPY
Retained earnings IFRSPrior1YearInstant7422921000JPY
Retained earnings IFRSCurrentYearInstant8100999000JPY
Treasury shares IFRSPrior1YearInstant-582085000JPY
Treasury shares IFRSCurrentYearInstant-723862000JPY
Other components of equity IFRSPrior1YearInstant100289000JPY
Other components of equity IFRSCurrentYearInstant108232000JPY
Equity attributable to owners of parent IFRSPrior1YearInstant7291124000JPY
Equity attributable to owners of parent IFRSCurrentYearInstant7841864000JPY
Non controlling interests IFRSPrior1YearInstant121881000JPY
Non controlling interests IFRSCurrentYearInstant75914000JPY
Equity IFRSPrior1YearInstant7413006000JPY
Equity IFRSCurrentYearInstant7917779000JPY
Liabilities and equity IFRSPrior1YearInstant22152864000JPY
Liabilities and equity IFRSCurrentYearInstant24684924000JPY
Revenue IFRSPrior1YearDuration38282882000JPY
Revenue IFRSCurrentYearDuration39002067000JPY
Cost of sales IFRSPrior1YearDuration27014421000JPY
Cost of sales IFRSCurrentYearDuration26019362000JPY
Gross profit IFRSPrior1YearDuration11268460000JPY
Gross profit IFRSCurrentYearDuration12982705000JPY
Selling general and administrative expenses IFRSPrior1YearDuration10739131000JPY
Selling general and administrative expenses IFRSCurrentYearDuration11537017000JPY
Other income IFRSPrior1YearDuration121713000JPY
Other income IFRSCurrentYearDuration294307000JPY
Other expenses IFRSPrior1YearDuration345707000JPY
Other expenses IFRSCurrentYearDuration335630000JPY
Operating profit loss IFRSPrior1YearDuration305334000JPY
Operating profit loss IFRSCurrentYearDuration1404364000JPY
Finance income IFRSPrior1YearDuration13893000JPY
Finance income IFRSCurrentYearDuration18549000JPY

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