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
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember32148708
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant32148708
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant32148708
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember8
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember31
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember50
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember86
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember16
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember3855
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember4046
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember27892
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember3740
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember5279
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember42448
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember62
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember241915
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember321336
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember15108
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.08680
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.01163
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.01642
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.13209
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.00019
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.75284
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember12176000
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.3903
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember4539000
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.1455
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember1739100
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0557
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember1302400
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0417
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember1243000
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0398
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember834000
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0267
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember796000
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0255
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember686200
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0220
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember357296
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0115
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember280568
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0090
Number of shares heldCurrentYearInstant23953564
Shareholding ratioCurrentYearInstant0.7679

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