Annual report

Period2025-04-01 → 2025-12-31
Filed2026-03-24
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 171
MetricValuePeriodScopeSource row
Revenue¥9.3bn2025-04-01 → 2025-12-31Cons.Net sales
Revenue¥11.5bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥11.3bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥10.3bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥10.3bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Revenue¥12.9bn2020-04-01 → 2021-03-31dCons.Net sales (5-year summary)
Operating income−¥1.3bn2025-04-01 → 2025-12-31Cons.Operating income
Operating income−¥3.5bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥1.2bn2025-04-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥3.9bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income−¥2.2bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥2.5bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥2.1bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥453m2020-04-01 → 2021-03-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥2.9bn2025-04-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥4.2bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥2.1bn2025-04-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥3.9bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.2bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥2.3bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥3.5bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥191m2020-04-01 → 2021-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥2.9bn2025-04-01 → 2025-12-31Cons.Profit loss
Net income−¥4.4bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥14.5bnat 2025-12-31Cons.Assets
Total assets¥17.2bnat 2025-03-31Cons.Assets
Total assets¥16.8bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥19.6bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥20.0bnat 2022-03-31vCons.Total assets (5-year summary)
Total assets¥20.3bnat 2021-03-31dCons.Total assets (5-year summary)
Total liabilities¥7.8bnat 2025-12-31Cons.Liabilities
Total liabilities¥7.9bnat 2025-03-31Cons.Liabilities
Net assets / equity¥6.8bnat 2025-12-31Cons.Net assets
Net assets / equity¥9.4bnat 2025-03-31Cons.Net assets
Net assets / equity¥8.4bnat 2024-03-31vCons.Net assets
Net assets / equity¥9.9bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥10.0bnat 2022-03-31vCons.Net assets (5-year summary)
Net assets / equity¥12.4bnat 2021-03-31dCons.Net assets (5-year summary)
Cash and deposits¥4.9bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥6.0bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥4.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥5.9bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥3.1bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥6.5bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥5.5bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥4.8bnat 2021-03-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥426m2025-04-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.9bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥765m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥171m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥331m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥639m2020-04-01 → 2021-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥941m2025-04-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.5bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥999m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.9bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.8bn2020-04-01 → 2021-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥645m2025-04-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥5.8bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.6bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥3.8bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥4.3bn2020-04-01 → 2021-03-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-15.392025-04-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-28.652024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-16.012023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-172022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-25.772021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥1.42020-04-01 → 2021-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥1.42020-04-01 → 2021-03-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥40.33at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥53.97at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥59.56at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥67.92at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥70.72at 2022-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥89.63at 2021-03-31dCons.Net assets per share (5-year summary)
Equity ratio38.3%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio43.4%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio48.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio46.9%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio48.0%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio60.1%at 2021-03-31dCons.Equity to asset ratio (5-year summary)
ROE-32.6%2025-04-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE-50.2%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-25.1%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE-24.5%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE-32.1%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
ROE1.6%2020-04-01 → 2021-03-31dCons.Rate of return on equity (5-year summary)
Employees163at 2025-12-31Cons.Number of employees
Employees161at 2025-03-31Cons.Number of employees
Employees158at 2024-03-31vCons.Number of employees
Employees150at 2023-03-31vCons.Number of employees
Employees143at 2022-03-31vCons.Number of employees
Employees146at 2021-03-31dCons.Number of employees
Revenue¥7.1bn2025-04-01 → 2025-12-31StandaloneNet sales
Revenue¥8.4bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥9.4bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥9.4bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥9.9bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Revenue¥12.9bn2020-04-01 → 2021-03-31dStandaloneNet sales (5-year summary)
Operating income¥274m2025-04-01 → 2025-12-31StandaloneOperating income
Operating income−¥1.2bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥273m2025-04-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥1.3bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥168m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥487m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.8bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥728m2020-04-01 → 2021-03-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥154m2025-04-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥1.9bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥156m2025-04-01 → 2025-12-31StandaloneProfit loss
Net income−¥2.1bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥112m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥365m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥3.3bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Net income¥488m2020-04-01 → 2021-03-31dStandaloneNet income loss (5-year summary)
Total assets¥13.2bnat 2025-12-31StandaloneAssets
Total assets¥13.7bnat 2025-03-31StandaloneAssets
Total assets¥16.9bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥17.6bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥18.6bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total assets¥20.6bnat 2021-03-31dStandaloneTotal assets (5-year summary)
Total liabilities¥6.0bnat 2025-12-31StandaloneLiabilities
Total liabilities¥6.7bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥7.2bnat 2025-12-31StandaloneNet assets
Net assets / equity¥7.0bnat 2025-03-31StandaloneNet assets
Net assets / equity¥9.5bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥8.8bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥9.0bnat 2022-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥12.7bnat 2021-03-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.2bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥3.6bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-1.132025-04-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-15.62024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-0.822023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-2.692022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-24.232021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥3.582020-04-01 → 2021-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥3.572020-04-01 → 2021-03-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥0.212020-04-01 → 2021-03-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥48.38at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥47.29at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥67.4at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥63.02at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥65.16at 2022-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥91.97at 2021-03-31dStandaloneNet assets per share (5-year summary)
Equity ratio50.7%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio47.8%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio53.9%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio48.5%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio47.4%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio60.7%at 2021-03-31dStandaloneEquity to asset ratio (5-year summary)
ROE-2.4%2025-04-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE-27.1%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE-1.3%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE-4.2%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE-30.8%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
ROE4.0%2020-04-01 → 2021-03-31dStandaloneRate of return on equity (5-year summary)
Shares issued139,115,100at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued139,110,300at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued136,358,300at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued136,349,600at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued136,297,600at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued136,256,800at 2021-03-31dStandaloneTotal number of issued shares (5-year summary)
Employees103at 2025-12-31StandaloneNumber of employees
Employees102at 2025-03-31StandaloneNumber of employees
Employees123at 2024-03-31vStandaloneNumber of employees
Employees130at 2023-03-31vStandaloneNumber of employees
Employees138at 2022-03-31vStandaloneNumber of employees
Employees132at 2021-03-31dStandaloneNumber 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 · 1,501
ItemContextValueUnit
LiabilitiesPrior1YearInstant7854946000JPY
LiabilitiesCurrentYearInstant7757421000JPY
Capital stockPrior1YearInstant4009050000JPY
Capital stockCurrentYearInstant4009527000JPY
Capital surplusPrior1YearInstant11596166000JPY
Capital surplusCurrentYearInstant11596643000JPY
Retained earningsPrior1YearInstant-7956695000JPY
Retained earningsCurrentYearInstant-10085337000JPY
Treasury stockPrior1YearInstant-163142000JPY
Treasury stockCurrentYearInstant-163142000JPY
Shareholders equityPrior1YearInstant7485378000JPY
Shareholders equityCurrentYearInstant5357690000JPY
Valuation difference on available for sale securitiesPrior1YearInstant-257260000JPY
Valuation difference on available for sale securitiesCurrentYearInstant49376000JPY
Foreign currency translation adjustmentPrior1YearInstant236920000JPY
Foreign currency translation adjustmentCurrentYearInstant170832000JPY
Valuation and translation adjustmentsPrior1YearInstant-20339000JPY
Valuation and translation adjustmentsCurrentYearInstant220208000JPY
Subscription rights to sharesPrior1YearInstant422287000JPY
Subscription rights to sharesCurrentYearInstant497202000JPY
Non controlling interestsPrior1YearInstant1467150000JPY
Non controlling interestsCurrentYearInstant712420000JPY
Net assetsPrior1YearInstant9354476000JPY
Net assetsCurrentYearInstant6787522000JPY
Liabilities and net assetsPrior1YearInstant17209423000JPY
Liabilities and net assetsCurrentYearInstant14544943000JPY
Net salesPrior1YearDuration11455896000JPY
Net salesCurrentYearDuration9274295000JPY
Cost of salesPrior1YearDuration6119396000JPY
Cost of salesCurrentYearDuration4476134000JPY
Gross profitPrior1YearDuration5336500000JPY
Gross profitCurrentYearDuration4798160000JPY
Promotion expenses sgaPrior1YearDuration612758000JPY
Promotion expenses sgaCurrentYearDuration476214000JPY
Salaries sgaPrior1YearDuration1525904000JPY
Salaries sgaCurrentYearDuration1229090000JPY
Provision for bonuses sgaPrior1YearDuration45725000JPY
Provision for bonuses sgaCurrentYearDuration8707000JPY
Business consignment expenses sgaPrior1YearDuration2487184000JPY
Business consignment expenses sgaCurrentYearDuration1638547000JPY
Advertising expenses sgaPrior1YearDuration1266501000JPY
Advertising expenses sgaCurrentYearDuration812729000JPY
Other sgaPrior1YearDuration2878908000JPY
Other sgaCurrentYearDuration1941202000JPY
Selling general and administrative expensesPrior1YearDuration8816982000JPY
Selling general and administrative expensesCurrentYearDuration6106491000JPY
Operating incomePrior1YearDuration-3480481000JPY
Operating incomeCurrentYearDuration-1308330000JPY
Interest income noiPrior1YearDuration13054000JPY
Interest income noiCurrentYearDuration9686000JPY

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 identityconsolidated 2025-03-31pass rounding
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass