Annual report

Period2024-01-01 → 2024-12-31

Filed2025-03-31

StandardJapan GAAP

ConsolidatedYes

Data checks20 of 20 passed

Key figures · 133

Metric	Value	Period	Scope	Source row
Operating income	−¥213m	2024-01-01 → 2024-12-31	Cons.	Operating income
Operating income	−¥337m	2023-01-01 → 2023-12-31	Cons.	Operating income
Ordinary income	−¥362m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥293m	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	¥904m	2022-01-01 → 2022-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥864m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥528m	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥358m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Profit before tax	−¥294m	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Net income (owners)	−¥495m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥324m	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥723m	2022-01-01 → 2022-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥756m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥607m	2020-01-01 → 2020-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥495m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Net income	−¥324m	2023-01-01 → 2023-12-31	Cons.	Profit loss
Total assets	¥9.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥6.9bn	at 2023-12-31	Cons.	Assets
Total assets	¥6.3bn	at 2022-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥5.2bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥4.3bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.1bn	at 2024-12-31	Cons.	Liabilities
Total liabilities	¥752m	at 2023-12-31	Cons.	Liabilities
Net assets / equity	¥5.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥6.1bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥5.5bn	at 2022-12-31^d	Cons.	Net assets
Net assets / equity	¥4.8bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.0bn	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash and deposits	¥3.7bn	at 2023-12-31	Cons.	Cash and deposits
Cash & equivalents	¥3.1bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.7bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.7bn	at 2022-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.2bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.1bn	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥181m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥719m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.5bn	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥366m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥289m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥3.7bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥135m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥48m	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥279m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥225m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥3.0bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥793m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥30m	2022-01-01 → 2022-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥16m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥7m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-22.87	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-14.98	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥34.5	2022-01-01 → 2022-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥36.07	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-28.97	2020-01-01 → 2020-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥34.47	2022-01-01 → 2022-12-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥36.04	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥253.83	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥281.87	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥261.65	at 2022-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥227.97	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥190.88	at 2020-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	57.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	88.7%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	87.7%	at 2022-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	91.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	94.1%	at 2020-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	14.1%	2022-01-01 → 2022-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	17.2%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	85	at 2024-12-31	Cons.	Number of employees
Employees	67	at 2023-12-31	Cons.	Number of employees
Employees	65	at 2022-12-31^d	Cons.	Number of employees
Employees	67	at 2021-12-31^d	Cons.	Number of employees
Employees	70	at 2020-12-31^d	Cons.	Number of employees
Operating income	¥323m	2024-01-01 → 2024-12-31	Standalone	Operating income
Operating income	−¥478m	2023-01-01 → 2023-12-31	Standalone	Operating income
Ordinary income	¥197m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥445m	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	¥701m	2022-01-01 → 2022-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥656m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥550m	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥201m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Profit before tax	−¥445m	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Net income	¥56m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥431m	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	¥584m	2022-01-01 → 2022-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥615m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥655m	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥9.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥6.6bn	at 2023-12-31	Standalone	Assets
Total assets	¥6.1bn	at 2022-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥5.2bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥4.4bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.8bn	at 2024-12-31	Standalone	Liabilities
Total liabilities	¥734m	at 2023-12-31	Standalone	Liabilities
Net assets / equity	¥5.9bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥5.9bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥5.3bn	at 2022-12-31^d	Standalone	Net assets
Net assets / equity	¥4.8bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.1bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.6bn	at 2024-12-31	Standalone	Cash and deposits
Cash and deposits	¥3.3bn	at 2023-12-31	Standalone	Cash and deposits
EPS (basic)	¥2.6	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-19.95	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.83	2022-01-01 → 2022-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥29.34	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-31.26	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥2.6	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥27.81	2022-01-01 → 2022-12-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥29.31	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥267.27	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥269.95	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥254.49	at 2022-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥227.47	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥197.12	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	60.3%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	88.5%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	87.6%	at 2022-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	91.5%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	94.6%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	1.0%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	11.5%	2022-01-01 → 2022-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	13.8%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	21,838,529	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	21,623,281	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,977,181	at 2022-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,955,142	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,951,642	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	64	at 2024-12-31	Standalone	Number of employees
Employees	64	at 2023-12-31	Standalone	Number of employees
Employees	62	at 2022-12-31^d	Standalone	Number of employees
Employees	62	at 2021-12-31^d	Standalone	Number of employees
Employees	64	at 2020-12-31^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 · 1,314

Item	Context	Value	Unit
Capital surplus	CurrentYearInstant	2910323000	JPY
Retained earnings	Prior1YearInstant	449358000	JPY
Retained earnings	CurrentYearInstant	-45673000	JPY
Treasury stock	Prior1YearInstant	-22000	JPY
Treasury stock	CurrentYearInstant	-102000	JPY
Shareholders equity	Prior1YearInstant	5974418000	JPY
Shareholders equity	CurrentYearInstant	5585087000	JPY
Valuation difference on available for sale securities	Prior1YearInstant	120415000	JPY
Valuation difference on available for sale securities	CurrentYearInstant	-41920000	JPY
Valuation and translation adjustments	Prior1YearInstant	120415000	JPY
Valuation and translation adjustments	CurrentYearInstant	-41920000	JPY
Subscription rights to shares	Prior1YearInstant	25610000	JPY
Subscription rights to shares	CurrentYearInstant	27342000	JPY
Net assets	Prior1YearInstant	6120443000	JPY
Net assets	CurrentYearInstant	5570509000	JPY
Liabilities and net assets	Prior1YearInstant	6871972000	JPY
Liabilities and net assets	CurrentYearInstant	9655482000	JPY
Business revenue	Prior1YearDuration	1901202000	JPY
Business revenue	CurrentYearDuration	3107575000	JPY
Cost of business revenue business expenses	Prior1YearDuration	245053000	JPY
Cost of business revenue business expenses	CurrentYearDuration	625759000	JPY
Research and development expenses business expenses	Prior1YearDuration	1372560000	JPY
Research and development expenses business expenses	CurrentYearDuration	1703962000	JPY
Other selling general and administrative expenses business expenses	Prior1YearDuration	620954000	JPY
Other selling general and administrative expenses business expenses	CurrentYearDuration	991236000	JPY
Business expenses	Prior1YearDuration	2238568000	JPY
Business expenses	CurrentYearDuration	3320958000	JPY
Operating income	Prior1YearDuration	-337366000	JPY
Operating income	CurrentYearDuration	-213383000	JPY
Interest income noi	Prior1YearDuration	3426000	JPY
Interest income noi	CurrentYearDuration	5306000	JPY
Interest on securities noi	Prior1YearDuration	6272000	JPY
Interest on securities noi	CurrentYearDuration	2967000	JPY
Foreign exchange gains noi	Prior1YearDuration	52038000	JPY
Foreign exchange gains noi	CurrentYearDuration	38994000	JPY
Gain on valuation of compound financial instruments noi	Prior1YearDuration	3390000	JPY
Gain on valuation of compound financial instruments noi	CurrentYearDuration	－	JPY
Subsidy income noi	Prior1YearDuration	2600000	JPY
Subsidy income noi	CurrentYearDuration	2600000	JPY
Other noi	Prior1YearDuration	20531000	JPY
Other noi	CurrentYearDuration	17805000	JPY
Non operating income	Prior1YearDuration	88257000	JPY
Non operating income	CurrentYearDuration	67673000	JPY
Interest expenses noe	Prior1YearDuration	6681000	JPY
Interest expenses noe	CurrentYearDuration	42615000	JPY
Commitment fee noe	Prior1YearDuration	8522000	JPY
Commitment fee noe	CurrentYearDuration	6768000	JPY
Commission for syndicate loan noe	Prior1YearDuration	－	JPY
Commission for syndicate loan noe	CurrentYearDuration	141499000	JPY
Stock issuance cost noe	Prior1YearDuration	4005000	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 · 20 of 20 passed

balance sheet identity	consolidated 2023-12-31	pass rounding
balance sheet identity	consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2023-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2022-12-31	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	non_consolidated 2022-12-31	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 income attributable to parent	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · total assets	consolidated 2023-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2023-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass