Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-31

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 117

Metric	Value	Period	Scope	Source row
Revenue	¥636m	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥528m	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥575m	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Operating income	−¥453m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥654m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥455m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥656m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥439m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥532m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥817m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥540m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥805m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥505m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥534m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥820m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥1.1bn	at 2025-12-31	Cons.	Assets
Total assets	¥1.2bn	at 2024-12-31	Cons.	Assets
Total assets	¥1.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥748m	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥329m	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥306m	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥838m	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Cons.	Net assets
Cash and deposits	¥711m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥740m	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥711m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥740m	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥883m	at 2023-12-31^v	Cons.	Cash and cash equivalents
Operating cash flow	−¥329m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥604m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥174m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥106m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥236m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥114m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥406m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥697m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥341m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-65.21	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-98.61	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-64.51	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥26.59	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥91.8	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥142.71	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	20.9%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	65.1%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	88.2%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Employees	44	at 2025-12-31	Cons.	Number of employees
Employees	54	at 2024-12-31	Cons.	Number of employees
Employees	53	at 2023-12-31^v	Cons.	Number of employees
Revenue	¥523m	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥487m	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥575m	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.1bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.1bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥379m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥441m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥350m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥417m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥405m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥74m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥110m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥428m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥578m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥429m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥581m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥471m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥34m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥131m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.0bn	at 2025-12-31	Standalone	Assets
Total assets	¥1.0bn	at 2024-12-31	Standalone	Assets
Total assets	¥886m	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.4bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.4bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥687m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥296m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥318m	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥745m	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥802m	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.3bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.3bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥522m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥501m	at 2024-12-31	Standalone	Cash and deposits
Cash & equivalents	¥831m	at 2022-12-31^v	Standalone	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥961m	at 2021-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥114m	2022-01-01 → 2022-12-31^v	Standalone	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥96m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥7m	2022-01-01 → 2022-12-31^v	Standalone	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥35m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥9m	2022-01-01 → 2022-12-31^v	Standalone	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥7m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-51.81	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-71.16	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-60.17	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥4.33	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-16.68	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥4.33	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥32.16	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥83.97	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥102.37	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥162.67	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥160.77	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	26.5%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	66.7%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	87.4%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	89.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	86.9%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	2.8%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	8,275,582	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	8,275,582	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,832,800	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,832,800	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,832,800	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	36	at 2025-12-31	Standalone	Number of employees
Employees	44	at 2024-12-31	Standalone	Number of employees
Employees	49	at 2023-12-31^v	Standalone	Number of employees
Employees	40	at 2022-12-31^v	Standalone	Number of employees
Employees	45	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 · 1,047

Item	Context	Value	Unit
Amortization of goodwill ope cf	CurrentYearDuration	22291000	JPY
Share based compensation expenses ope cf	Prior1YearDuration	22825000	JPY
Share based compensation expenses ope cf	CurrentYearDuration	18191000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-133000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-1011000	JPY
Interest expenses ope cf	Prior1YearDuration	1623000	JPY
Interest expenses ope cf	CurrentYearDuration	2829000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-1015000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	41915000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-7024000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	3972000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	-13588000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	8993000	JPY
Other net ope cf	Prior1YearDuration	29712000	JPY
Other net ope cf	CurrentYearDuration	9266000	JPY
Subtotal ope cf	Prior1YearDuration	-600767000	JPY
Subtotal ope cf	CurrentYearDuration	-324668000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	133000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	1011000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-1623000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-2829000	JPY
Income taxes paid ope cf	Prior1YearDuration	-1367000	JPY
Income taxes paid ope cf	CurrentYearDuration	-3000000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	-603625000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	-329486000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-2014000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-2807000	JPY
Purchase of intangible assets inv cf	Prior1YearDuration	-170606000	JPY
Purchase of intangible assets inv cf	CurrentYearDuration	-98427000	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	Prior1YearDuration	-65371000	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	－	JPY
Other net inv cf	Prior1YearDuration	2147000	JPY
Other net inv cf	CurrentYearDuration	-4327000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-235844000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-105562000	JPY
Proceeds from issuance of common stock fin cf	Prior1YearDuration	498549000	JPY
Proceeds from issuance of common stock fin cf	CurrentYearDuration	－	JPY
Proceeds from issuance of subscription rights to shares fin cf	Prior1YearDuration	－	JPY
Proceeds from issuance of subscription rights to shares fin cf	CurrentYearDuration	455000	JPY
Proceeds from loans payable fin cf	Prior1YearDuration	400000000	JPY
Proceeds from loans payable fin cf	CurrentYearDuration	235000000	JPY
Repayments of loans payable fin cf	Prior1YearDuration	-201210000	JPY
Repayments of loans payable fin cf	CurrentYearDuration	-207295000	JPY
Proceeds from issuance of bonds with subscription rights to shares fin cf	Prior1YearDuration	－	JPY
Proceeds from issuance of bonds with subscription rights to shares fin cf	CurrentYearDuration	378000000	JPY
Other net fin cf	Prior1YearDuration	-802000	JPY
Other net fin cf	CurrentYearDuration	-112000	JPY
Net cash provided by used in financing activities	Prior1YearDuration	696537000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	406048000	JPY
Net increase decrease in cash and cash equivalents	Prior1YearDuration	-142932000	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 rounding
balance sheet identity	consolidated 2025-12-31	pass
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