Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 128

Metric	Value	Period	Scope	Source row
Revenue	¥19.0bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥15.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥11.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥9.3bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Operating income	−¥82m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥581m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥119m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥624m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥1.1bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥1.3bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥279m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥1.5bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥438m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥1.6bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥1.4bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.4bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥437m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥1.6bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥12.1bn	at 2025-12-31	Cons.	Assets
Total assets	¥11.0bn	at 2024-12-31	Cons.	Assets
Total assets	¥11.7bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥12.7bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥2.9bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥2.5bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥9.2bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥8.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥10.0bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥11.2bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥6.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥6.8bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥5.7bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.7bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.1bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥8.7bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥124m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥101m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥1.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.5bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥1.2bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥275m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥311m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥104m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥39m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥142m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥108m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥7.88	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-28.07	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-26.34	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-27.05	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥7.78	2025-01-01 → 2025-12-31	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥162.76	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥153.97	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥181.26	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥208.56	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	75.0%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	77.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	85.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	88.3%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	5.0%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
Employees	548	at 2025-12-31	Cons.	Number of employees
Employees	470	at 2024-12-31	Cons.	Number of employees
Employees	428	at 2023-12-31^v	Cons.	Number of employees
Employees	337	at 2022-12-31^v	Cons.	Number of employees
Revenue	¥18.9bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥15.0bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥11.8bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥9.3bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥8.5bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥24m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥536m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥5m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥528m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥1.1bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥1.3bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥154m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥269m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥1.4bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥428m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥1.5bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥1.4bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥1.4bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥174m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥12.1bn	at 2025-12-31	Standalone	Assets
Total assets	¥11.1bn	at 2024-12-31	Standalone	Assets
Total assets	¥11.7bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥12.7bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥13.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥2.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥2.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥9.2bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥8.7bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥10.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥11.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥12.5bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥6.3bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥6.7bn	at 2024-12-31	Standalone	Cash and deposits
Cash & equivalents	¥11.5bn	at 2021-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥276m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥118m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥10.4bn	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥7.7	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-26.44	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-25.63	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-26.9	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-3.69	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥7.61	2025-01-01 → 2025-12-31	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥164.53	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥156.3	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥182.09	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥208.71	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥240.22	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	76.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	78.0%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	85.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	88.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	91.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	4.8%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
Shares issued	55,729,765	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	55,449,850	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	55,256,695	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	53,876,476	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	52,143,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	534	at 2025-12-31	Standalone	Number of employees
Employees	466	at 2024-12-31	Standalone	Number of employees
Employees	428	at 2023-12-31^v	Standalone	Number of employees
Employees	337	at 2022-12-31^v	Standalone	Number of employees
Employees	256	at 2021-12-31^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.

All source rows · 1,394

Item	Context	Value	Unit
Current assets	Prior1YearInstant_NonConsolidatedMember	10075107000	JPY
Current assets	CurrentYearInstant_NonConsolidatedMember	10474496000	JPY
Buildings	Prior1YearInstant_NonConsolidatedMember	11458000	JPY
Buildings	CurrentYearInstant_NonConsolidatedMember	11792000	JPY
Accumulated depreciation buildings	Prior1YearInstant_NonConsolidatedMember	-11458000	JPY
Accumulated depreciation buildings	CurrentYearInstant_NonConsolidatedMember	-11792000	JPY
Buildings net	Prior1YearInstant_NonConsolidatedMember	－	JPY
Buildings net	CurrentYearInstant_NonConsolidatedMember	－	JPY
Tools furniture and fixtures	Prior1YearInstant_NonConsolidatedMember	32904000	JPY
Tools furniture and fixtures	CurrentYearInstant_NonConsolidatedMember	32460000	JPY
Accumulated depreciation tools furniture and fixtures	Prior1YearInstant_NonConsolidatedMember	-32904000	JPY
Accumulated depreciation tools furniture and fixtures	CurrentYearInstant_NonConsolidatedMember	-32460000	JPY
Tools furniture and fixtures net	Prior1YearInstant_NonConsolidatedMember	－	JPY
Tools furniture and fixtures net	CurrentYearInstant_NonConsolidatedMember	－	JPY
Lease assets ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Lease assets ppe	CurrentYearInstant_NonConsolidatedMember	119000	JPY
Accumulated depreciation lease assets ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Accumulated depreciation lease assets ppe	CurrentYearInstant_NonConsolidatedMember	-119000	JPY
Lease assets net ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Lease assets net ppe	CurrentYearInstant_NonConsolidatedMember	－	JPY
Other ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Other ppe	CurrentYearInstant_NonConsolidatedMember	1222000	JPY
Accumulated depreciation other ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Accumulated depreciation other ppe	CurrentYearInstant_NonConsolidatedMember	-1222000	JPY
Other net ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Other net ppe	CurrentYearInstant_NonConsolidatedMember	－	JPY
Property plant and equipment	Prior1YearInstant_NonConsolidatedMember	－	JPY
Property plant and equipment	CurrentYearInstant_NonConsolidatedMember	－	JPY
Investment securities	Prior1YearInstant_NonConsolidatedMember	145016000	JPY
Investment securities	CurrentYearInstant_NonConsolidatedMember	143267000	JPY
Stocks of subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	520870000	JPY
Stocks of subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	472017000	JPY
Long term loans receivable from subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	156180000	JPY
Long term loans receivable from subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	175680000	JPY
Deferred tax assets	Prior1YearInstant_NonConsolidatedMember	－	JPY
Deferred tax assets	CurrentYearInstant_NonConsolidatedMember	408500000	JPY
Other ioa	Prior1YearInstant_NonConsolidatedMember	207121000	JPY
Other ioa	CurrentYearInstant_NonConsolidatedMember	390649000	JPY
Investments and other assets	Prior1YearInstant_NonConsolidatedMember	1029188000	JPY
Investments and other assets	CurrentYearInstant_NonConsolidatedMember	1590115000	JPY
Noncurrent assets	Prior1YearInstant_NonConsolidatedMember	1029188000	JPY
Noncurrent assets	CurrentYearInstant_NonConsolidatedMember	1590115000	JPY
Assets	Prior1YearInstant_NonConsolidatedMember	11104296000	JPY
Assets	CurrentYearInstant_NonConsolidatedMember	12064612000	JPY
Accounts payable trade	Prior1YearInstant_NonConsolidatedMember	1081782000	JPY
Accounts payable trade	CurrentYearInstant_NonConsolidatedMember	1036978000	JPY
Current portion of long term loans payable	Prior1YearInstant_NonConsolidatedMember	1656000	JPY
Current portion of long term loans payable	CurrentYearInstant_NonConsolidatedMember	892000	JPY
Accounts payable other	Prior1YearInstant_NonConsolidatedMember	608507000	JPY
Accounts payable other	CurrentYearInstant_NonConsolidatedMember	716343000	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 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass rounding
dei present		pass
period resolution		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	consolidated 2025-12-31	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 assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass