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
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration-1857805000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration426253000JPY
Net cash provided by used in investing activities (5-year summary)Prior5YearDuration-2755211000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration-2938066000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration-999341000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration-1501862000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-1215560000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration-940720000JPY
Net cash provided by used in financing activities (5-year summary)Prior5YearDuration4271099000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration3820313000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration1609350000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration-1163530000JPY
Net cash provided by used in financing activities (5-year summary)Prior1YearDuration5778374000JPY
Net cash provided by used in financing activities (5-year summary)CurrentYearDuration-645066000JPY
Cash and cash equivalents (5-year summary)Prior5YearInstant4779954000JPY
Cash and cash equivalents (5-year summary)Prior4YearInstant5451092000JPY
Cash and cash equivalents (5-year summary)Prior3YearInstant6484572000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant3130636000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant5858654000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant4761506000JPY
Number of employeesPrior5YearInstant146
Number of employeesPrior4YearInstant143
Number of employeesPrior3YearInstant150
Number of employeesPrior2YearInstant158
Number of employeesPrior1YearInstant161
Number of employeesCurrentYearInstant163
Average number of temporary workersPrior5YearInstant3
Average number of temporary workersPrior4YearInstant7
Average number of temporary workersPrior3YearInstant7
Average number of temporary workersPrior2YearInstant5
Average number of temporary workersPrior1YearInstant7
Average number of temporary workersCurrentYearInstant4
Net sales (5-year summary)Prior5YearDuration_NonConsolidatedMember12915451000JPY
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember9929481000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember9413907000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember9367405000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember8383928000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember7093965000JPY
Ordinary income loss (5-year summary)Prior5YearDuration_NonConsolidatedMember727776000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-1793463000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-486709000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember168039000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember-1268812000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember273266000JPY
Net income loss (5-year summary)Prior5YearDuration_NonConsolidatedMember487622000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-3293790000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-364605000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember-111813000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember-2121599000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember-156475000JPY

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