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
Cash and cash equivalents (5-year summary)Prior1YearInstant2885461000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant3131568000JPY
Number of employeesPrior4YearInstant83
Number of employeesPrior3YearInstant89
Number of employeesPrior2YearInstant95
Number of employeesPrior1YearInstant112
Number of employeesCurrentYearInstant115
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember2629798000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember3402753000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember3879337000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember4818571000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember5819636000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember559387000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember773452000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember925467000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember1132984000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember1445157000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember389054000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember497776000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember510749000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember669766000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember882542000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember218699000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember246900000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember246900000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember246900000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember246900000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember19729600
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember21054400
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember21054400
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember21054400
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember21054400
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember1387192000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember1792154000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember1986647000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember2272585000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember2771650000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember2289201000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember2934559000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember3352445000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember4079138000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember4868109000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember70.27
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember85.78
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember95.79
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember110.60
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember136.20
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember2.50
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember7.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember9.50

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