Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-27
StandardIFRS
ConsolidatedYes
Data checks18 of 23 passed
Key figures · 168
MetricValuePeriodScopeSource row
Revenue¥17.4bn2025-03-01 → 2026-02-28Cons.Revenue IFRS
Revenue¥11.6bn2024-03-01 → 2025-02-28Cons.Revenue IFRS
Revenue¥7.3bn2023-03-01 → 2024-02-29vCons.Net sales (5-year summary)
Revenue¥5.2bn2022-03-01 → 2023-02-28vCons.Net sales (5-year summary)
Operating income¥3.4bn2025-03-01 → 2026-02-28Cons.Operating profit loss IFRS
Operating income¥2.5bn2024-03-01 → 2025-02-28Cons.Operating profit loss IFRS
Ordinary income¥2.2bn2024-03-01 → 2025-02-28Cons.Ordinary income loss (5-year summary)
Ordinary income¥1.6bn2023-03-01 → 2024-02-29vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.0bn2022-03-01 → 2023-02-28vCons.Ordinary income loss (5-year summary)
Profit before tax¥3.4bn2025-03-01 → 2026-02-28Cons.Profit loss before tax IFRS
Profit before tax¥2.5bn2024-03-01 → 2025-02-28Cons.Profit loss before tax IFRS
Profit before tax¥1.6bn2023-03-01 → 2024-02-29vCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥2.5bn2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.8bn2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.8bn2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.2bn2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.2bn2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥794m2022-03-01 → 2023-02-28vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.5bn2025-03-01 → 2026-02-28Cons.Profit loss IFRS
Net income¥1.8bn2024-03-01 → 2025-02-28Cons.Profit loss IFRS
Total assets¥14.0bnat 2026-02-28Cons.Assets IFRS
Total assets¥8.6bnat 2025-02-28Cons.Assets IFRS
Total assets¥7.7bnat 2025-02-28Cons.Total assets (5-year summary)
Total assets¥6.3bnat 2024-02-29vCons.Total assets (5-year summary)
Total assets¥6.9bnat 2024-02-29vCons.Total assets IFRS (5-year summary)
Total assets¥5.2bnat 2023-02-28vCons.Total assets (5-year summary)
Total assets¥5.4bnat 2023-02-28vCons.Total assets IFRS (5-year summary)
Total liabilities¥6.3bnat 2026-02-28Cons.Liabilities IFRS
Total liabilities¥4.0bnat 2025-02-28Cons.Liabilities IFRS
Net assets / equity¥7.7bnat 2026-02-28Cons.Equity IFRS
Net assets / equity¥4.6bnat 2025-02-28Cons.Equity IFRS
Net assets / equity¥4.4bnat 2025-02-28Cons.Net assets (5-year summary)
Net assets / equity¥4.3bnat 2024-02-29vCons.Equity IFRS
Net assets / equity¥4.2bnat 2024-02-29vCons.Net assets (5-year summary)
Net assets / equity¥3.7bnat 2023-02-28vCons.Net assets (5-year summary)
Equity (owners)¥7.7bnat 2026-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥4.6bnat 2025-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥4.3bnat 2024-02-29vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥3.8bnat 2023-02-28vCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥4.4bnat 2026-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥3.5bnat 2025-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥4.3bnat 2024-02-29vCons.Cash and cash equivalents IFRS
Cash & equivalents¥3.9bnat 2023-02-28vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥2.9bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥1.9bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥1.6bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.2bn2023-03-01 → 2024-02-29vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.3bn2023-03-01 → 2024-02-29vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥852m2022-03-01 → 2023-02-28vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.4bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥350m2024-03-01 → 2025-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥332m2023-03-01 → 2024-02-29vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥107m2022-03-01 → 2023-02-28vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥619m2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥3.0bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥2.8bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥535m2023-03-01 → 2024-02-29vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥599m2023-03-01 → 2024-02-29vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥197m2022-03-01 → 2023-02-28vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥79.092025-03-01 → 2026-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥56.692024-03-01 → 2025-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥55.582024-03-01 → 2025-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥37.052023-03-01 → 2024-02-29vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥36.712023-03-01 → 2024-02-29vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥25.282022-03-01 → 2023-02-28vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥78.642025-03-01 → 2026-02-28Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥56.272024-03-01 → 2025-02-28Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥55.172024-03-01 → 2025-02-28Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥36.682023-03-01 → 2024-02-29vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥36.352023-03-01 → 2024-02-29vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥24.822022-03-01 → 2023-02-28vCons.Diluted earnings per share (5-year summary)
Net assets per share¥247.44at 2026-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥142.07at 2025-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥147.73at 2025-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥133.66at 2024-02-29vCons.Net assets per share (5-year summary)
Net assets per share¥135.67at 2024-02-29vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥117.19at 2023-02-28vCons.Net assets per share (5-year summary)
Net assets per share¥118.75at 2023-02-28vCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio55.0%at 2026-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio57.4%at 2025-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio53.1%at 2025-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio66.9%at 2024-02-29vCons.Equity to asset ratio (5-year summary)
Equity ratio61.3%at 2024-02-29vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio71.0%at 2023-02-28vCons.Equity to asset ratio (5-year summary)
Equity ratio69.1%at 2023-02-28vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE40.0%2025-03-01 → 2026-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE41.1%2024-03-01 → 2025-02-28Cons.Rate of return on equity (5-year summary)
ROE40.8%2024-03-01 → 2025-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE29.7%2023-03-01 → 2024-02-29vCons.Rate of return on equity (5-year summary)
ROE29.0%2023-03-01 → 2024-02-29vCons.Rate of return on equity IFRS (5-year summary)
ROE21.4%2022-03-01 → 2023-02-28vCons.Rate of return on equity (5-year summary)
Employees3,704at 2026-02-28Cons.Number of employees
Employees2,238at 2025-02-28Cons.Number of employees
Employees1,213at 2024-02-29vCons.Number of employees
Employees908at 2023-02-28vCons.Number of employees
Revenue¥8.6bn2025-03-01 → 2026-02-28StandaloneNet sales
Revenue¥7.2bn2024-03-01 → 2025-02-28StandaloneNet sales
Revenue¥6.1bn2023-03-01 → 2024-02-29vStandaloneNet sales (5-year summary)
Revenue¥4.8bn2022-03-01 → 2023-02-28vStandaloneNet sales (5-year summary)
Revenue¥3.9bn2021-03-01 → 2022-02-28dStandaloneNet sales (5-year summary)
Operating income¥2.0bn2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥1.8bn2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥2.0bn2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥1.8bn2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥1.5bn2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.0bn2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥688m2021-03-01 → 2022-02-28dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥2.0bn2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥1.9bn2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥1.4bn2025-03-01 → 2026-02-28StandaloneProfit loss
Net income¥1.4bn2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥1.1bn2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥782m2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income¥543m2021-03-01 → 2022-02-28dStandaloneNet income loss (5-year summary)
Total assets¥9.1bnat 2026-02-28StandaloneAssets
Total assets¥6.1bnat 2025-02-28StandaloneAssets
Total assets¥5.9bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥5.1bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥3.9bnat 2022-02-28dStandaloneTotal assets (5-year summary)
Total liabilities¥2.8bnat 2026-02-28StandaloneLiabilities
Total liabilities¥2.0bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥6.3bnat 2026-02-28StandaloneNet assets
Net assets / equity¥4.0bnat 2025-02-28StandaloneNet assets
Net assets / equity¥4.2bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥3.7bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥2.9bnat 2022-02-28dStandaloneNet assets (5-year summary)
Cash and deposits¥2.4bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥2.1bnat 2025-02-28StandaloneCash and deposits
Cash & equivalents¥3.0bnat 2022-02-28dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥493m2021-03-01 → 2022-02-28dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow¥15m2021-03-01 → 2022-02-28dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥895m2021-03-01 → 2022-02-28dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥46.442025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥42.812024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥36.242023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥24.912022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥18.472021-03-01 → 2022-02-28dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥46.182025-03-01 → 2026-02-28StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥42.52024-03-01 → 2025-02-28StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥35.892023-03-01 → 2024-02-29vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥24.452022-03-01 → 2023-02-28vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥17.962021-03-01 → 2022-02-28dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥7.582025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Net assets per share¥193.03at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥127.78at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥132.48at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥233.63at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥186.51at 2022-02-28dStandaloneNet assets per share (5-year summary)
Equity ratio66.3%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio65.0%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio69.9%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio72.6%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio74.5%at 2022-02-28dStandaloneEquity to asset ratio (5-year summary)
ROE28.9%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE33.5%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE29.2%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE23.7%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE26.0%2021-03-01 → 2022-02-28dStandaloneRate of return on equity (5-year summary)
Shares issued32,148,708at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued16,034,354at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued15,892,600at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,920,500at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,790,000at 2022-02-28dStandaloneTotal number of issued shares (5-year summary)
Employees1,315at 2026-02-28StandaloneNumber of employees
Employees1,087at 2025-02-28StandaloneNumber of employees
Employees886at 2024-02-29vStandaloneNumber of employees
Employees771at 2023-02-28vStandaloneNumber of employees
Employees653at 2022-02-28dStandaloneNumber 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 · 1,440
ItemContextValueUnit
Deferred tax assets IFRSCurrentYearInstant266745000JPY
Other non current assets nca IFRSPrior1YearInstant72070000JPY
Other non current assets nca IFRSCurrentYearInstant109474000JPY
Non current assets IFRSPrior1YearInstant3218805000JPY
Non current assets IFRSCurrentYearInstant6659447000JPY
Assets IFRSPrior1YearInstant8602846000JPY
Assets IFRSCurrentYearInstant14024929000JPY
Trade and other payables cl IFRSPrior1YearInstant68113000JPY
Trade and other payables cl IFRSCurrentYearInstant117816000JPY
Bonds and borrowings cl IFRSPrior1YearInstant441742000JPY
Bonds and borrowings cl IFRSCurrentYearInstant609757000JPY
Lease liabilities cl IFRSPrior1YearInstant273302000JPY
Lease liabilities cl IFRSCurrentYearInstant325711000JPY
Income taxes payable cl IFRSPrior1YearInstant464261000JPY
Income taxes payable cl IFRSCurrentYearInstant638696000JPY
Other current liabilities cl IFRSPrior1YearInstant1578351000JPY
Other current liabilities cl IFRSCurrentYearInstant2709040000JPY
Total current liabilities IFRSPrior1YearInstant2825770000JPY
Total current liabilities IFRSCurrentYearInstant4401021000JPY
Bonds and borrowings ncl IFRSPrior1YearInstant885744000JPY
Bonds and borrowings ncl IFRSCurrentYearInstant1285372000JPY
Lease liabilities ncl IFRSPrior1YearInstant191462000JPY
Lease liabilities ncl IFRSCurrentYearInstant297239000JPY
Other financial liabilities ncl IFRSPrior1YearInstant-JPY
Other financial liabilities ncl IFRSCurrentYearInstant180000000JPY
Provisions ncl IFRSPrior1YearInstant103242000JPY
Provisions ncl IFRSCurrentYearInstant125953000JPY
Deferred tax liabilities IFRSPrior1YearInstant24783000JPY
Deferred tax liabilities IFRSCurrentYearInstant16543000JPY
Non current labilities IFRSPrior1YearInstant1205233000JPY
Non current labilities IFRSCurrentYearInstant1905109000JPY
Liabilities IFRSPrior1YearInstant4031003000JPY
Liabilities IFRSCurrentYearInstant6306130000JPY
Share capital IFRSPrior1YearInstant603697000JPY
Share capital IFRSCurrentYearInstant605300000JPY
Capital surplus IFRSPrior1YearInstant989198000JPY
Capital surplus IFRSCurrentYearInstant1224526000JPY
Retained earnings IFRSPrior1YearInstant5535238000JPY
Retained earnings IFRSCurrentYearInstant7993039000JPY
Treasury shares IFRSPrior1YearInstant-2690575000JPY
Treasury shares IFRSCurrentYearInstant-2303668000JPY
Other components of equity IFRSPrior1YearInstant134283000JPY
Other components of equity IFRSCurrentYearInstant199601000JPY
Equity attributable to owners of parent IFRSPrior1YearInstant4571842000JPY
Equity attributable to owners of parent IFRSCurrentYearInstant7718798000JPY
Equity IFRSPrior1YearInstant4571842000JPY
Equity IFRSCurrentYearInstant7718798000JPY
Liabilities and equity IFRSPrior1YearInstant8602846000JPY
Liabilities and equity IFRSCurrentYearInstant14024929000JPY
Revenue IFRSPrior1YearDuration11649705000JPY

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 · 18 of 23 passed
balance sheet identityconsolidated 2025-02-28pass rounding
balance sheet identityconsolidated 2026-02-28pass rounding
balance sheet identitynon_consolidated 2025-02-28pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-02-29mismatch
statement vs summary · net assetsconsolidated 2025-02-28mismatch
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-03-01/2025-02-28mismatch
statement vs summary · net income attributable to parentconsolidated 2025-03-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-03-01/2025-02-28mismatch
statement vs summary · operating cash flowconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenueconsolidated 2024-03-01/2025-02-28pass
statement vs summary · revenueconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-02-28mismatch
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass