Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 152
MetricValuePeriodScopeSource row
Revenue¥6.1bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥5.1bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥4.5bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥3.8bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥3.4bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥1.3bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.0bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥1.3bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.0bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥911m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥693m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥520m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.3bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥1.0bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥839m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥671m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥507m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥418m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥350m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥839m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥671m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥4.8bnat 2025-12-31Cons.Assets
Total assets¥4.3bnat 2024-12-31Cons.Assets
Total assets¥3.7bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥3.3bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥2.6bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥2.2bnat 2025-12-31Cons.Liabilities
Total liabilities¥2.1bnat 2024-12-31Cons.Liabilities
Net assets / equity¥2.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥2.1bnat 2024-12-31Cons.Net assets
Net assets / equity¥1.9bnat 2023-12-31vCons.Net assets
Net assets / equity¥1.7bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥1.3bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥3.1bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥2.9bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥3.1bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥2.9bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥2.1bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.6bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥948m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥796m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥536m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥409m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥753m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.2bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥258m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥195m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥729m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥355m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥354m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥115m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥165m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥41.412025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥32.452024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥24.392023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥21.032022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥17.922021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥41.42025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥16.822021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥127.5at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥104.12at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥89.35at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥79.59at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥67.78at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio53.5%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio50.0%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio50.5%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.0%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio50.5%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE35.6%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE33.7%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE28.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE27.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE30.3%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees115at 2025-12-31Cons.Number of employees
Employees112at 2024-12-31Cons.Number of employees
Employees95at 2023-12-31vCons.Number of employees
Employees89at 2022-12-31vCons.Number of employees
Employees83at 2021-12-31dCons.Number of employees
Revenue¥5.8bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥4.8bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥3.9bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥3.4bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥2.6bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥1.4bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.2bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.4bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥925m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥773m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥559m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥962m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥883m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥670m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥511m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥498m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥389m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥4.9bnat 2025-12-31StandaloneAssets
Total assets¥4.1bnat 2024-12-31StandaloneAssets
Total assets¥3.4bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.9bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.3bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥2.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥1.8bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥2.8bnat 2025-12-31StandaloneNet assets
Net assets / equity¥2.3bnat 2024-12-31StandaloneNet assets
Net assets / equity¥2.0bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥1.8bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.4bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥2.8bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥43.552025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥32.412024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥24.592023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥25.072022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥19.942021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥43.542025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥18.712021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥132025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥112024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥9.52023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥72022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥2.52021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥136.2at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥110.6at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥95.79at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥85.78at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥70.27at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio56.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio55.5%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio59.2%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio61.1%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio60.6%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE35.2%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE31.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE27.1%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE31.3%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE32.9%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued21,054,400at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,054,400at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,054,400at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued21,054,400at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued19,729,600at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees92at 2025-12-31StandaloneNumber of employees
Employees84at 2024-12-31StandaloneNumber of employees
Employees67at 2023-12-31vStandaloneNumber of employees
Employees63at 2022-12-31vStandaloneNumber of employees
Employees56at 2021-12-31dStandaloneNumber 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.

Segments · 31
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥9m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥9m
Advertising Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥9m
Advertising Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥248m
Advertising Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥241m
Advertising Businessreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥7m
Advertising Businessreportable segmentsegment assetsat 2025-12-31¥78m
Advertising Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥76m
—segment totalcapex2025-01-01 → 2025-12-31¥411m
—segment totaldepreciation2025-01-01 → 2025-12-31¥115m
—segment totalrevenue2025-01-01 → 2025-12-31¥6.1bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥6.1bn
—segment totalrevenue intersegment2025-01-01 → 2025-12-31¥9m
—segment totalsegment assetsat 2025-12-31¥4.8bn
—segment totalsegment profit2025-01-01 → 2025-12-31¥1.3bn
Reconciling Itemsreconcilingrevenue2024-01-01 → 2024-12-31−¥10m
Reconciling Itemsreconcilingrevenue intersegment2024-01-01 → 2024-12-31−¥10m
Advertising Businessreportable segmentcapex2024-01-01 → 2024-12-31¥3m
Advertising Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥9m
Advertising Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥263m
Advertising Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥256m
Advertising Businessreportable segmentrevenue intersegment2024-01-01 → 2024-12-31¥7m
Advertising Businessreportable segmentsegment assetsat 2024-12-31¥139m
Advertising Businessreportable segmentsegment profit2024-01-01 → 2024-12-31−¥84m
—segment totalcapex2024-01-01 → 2024-12-31¥209m
—segment totaldepreciation2024-01-01 → 2024-12-31¥90m
—segment totalrevenue2024-01-01 → 2024-12-31¥5.1bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥5.1bn
—segment totalrevenue intersegment2024-01-01 → 2024-12-31¥10m
—segment totalsegment assetsat 2024-12-31¥4.3bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥1.0bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,337
ItemContextValueUnit
Operating incomePrior1YearDuration1035606000JPY
Operating incomeCurrentYearDuration1302338000JPY
Interest income noiPrior1YearDuration7173000JPY
Interest income noiCurrentYearDuration4077000JPY
Subsidy income noiPrior1YearDuration7009000JPY
Subsidy income noiCurrentYearDuration1000JPY
Gain on forfeiture of unclaimed dividends noiPrior1YearDuration-JPY
Gain on forfeiture of unclaimed dividends noiCurrentYearDuration163000JPY
Other noiPrior1YearDuration683000JPY
Other noiCurrentYearDuration977000JPY
Non operating incomePrior1YearDuration14865000JPY
Non operating incomeCurrentYearDuration5220000JPY
Interest expenses noePrior1YearDuration5191000JPY
Interest expenses noeCurrentYearDuration2629000JPY
Loss on investments in partnership noePrior1YearDuration3376000JPY
Loss on investments in partnership noeCurrentYearDuration2325000JPY
Other noePrior1YearDuration1524000JPY
Other noeCurrentYearDuration1253000JPY
Non operating expensesPrior1YearDuration10092000JPY
Non operating expensesCurrentYearDuration6208000JPY
Ordinary incomePrior1YearDuration1040379000JPY
Ordinary incomeCurrentYearDuration1301351000JPY
Loss on retirement of noncurrent assets elPrior1YearDuration8860000JPY
Loss on retirement of noncurrent assets elCurrentYearDuration18870000JPY
Loss on extinguishment of tie in shares elPrior1YearDuration14978000JPY
Loss on extinguishment of tie in shares elCurrentYearDuration-JPY
Impairment loss elPrior1YearDuration-JPY
Impairment loss elCurrentYearDuration13214000JPY
Extraordinary lossPrior1YearDuration23838000JPY
Extraordinary lossCurrentYearDuration32085000JPY
Income before income taxesPrior1YearDuration1016540000JPY
Income before income taxesCurrentYearDuration1269265000JPY
Income taxes currentPrior1YearDuration307556000JPY
Income taxes currentCurrentYearDuration437654000JPY
Income taxes deferredPrior1YearDuration38277000JPY
Income taxes deferredCurrentYearDuration-7483000JPY
Income taxesPrior1YearDuration345833000JPY
Income taxesCurrentYearDuration430171000JPY
Profit lossPrior1YearDuration670706000JPY
Profit lossCurrentYearDuration839094000JPY
Profit loss attributable to owners of parentPrior1YearDuration670706000JPY
Profit loss attributable to owners of parentCurrentYearDuration839094000JPY
Profit lossPrior1YearDuration670706000JPY
Profit lossCurrentYearDuration839094000JPY
Comprehensive incomePrior1YearDuration670706000JPY
Comprehensive incomeCurrentYearDuration839094000JPY
Comprehensive income attributable to owners of the parentPrior1YearDuration670706000JPY
Comprehensive income attributable to owners of the parentCurrentYearDuration839094000JPY
Comprehensive income attributable to non controlling interestsPrior1YearDuration-JPY
Comprehensive income attributable to non controlling interestsCurrentYearDuration-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 identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass