Annual report

Period2024-04-01 → 2025-03-31

Filed2025-06-27

StandardJapan GAAP

ConsolidatedYes

Data checks17 of 17 passed

Key figures · 113

Metric	Value	Period	Scope	Source row
Revenue	¥5.1bn	2024-04-01 → 2025-03-31	Cons.	Net sales
Revenue	¥1.6bn	2021-04-01 → 2022-03-31^v	Cons.	Net sales (5-year summary)
Revenue	¥997m	2020-04-01 → 2021-03-31^d	Cons.	Net sales (5-year summary)
Operating income	¥28m	2024-04-01 → 2025-03-31	Cons.	Operating income
Ordinary income	¥5m	2024-04-01 → 2025-03-31	Cons.	Ordinary income
Ordinary income	−¥953m	2021-04-01 → 2022-03-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥991m	2020-04-01 → 2021-03-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥73m	2024-04-01 → 2025-03-31	Cons.	Income before income taxes
Net income (owners)	−¥21m	2024-04-01 → 2025-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥535m	2021-04-01 → 2022-03-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.0bn	2020-04-01 → 2021-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥21m	2024-04-01 → 2025-03-31	Cons.	Profit loss
Total assets	¥7.0bn	at 2025-03-31	Cons.	Assets
Total assets	¥3.5bn	at 2022-03-31^v	Cons.	Total assets (5-year summary)
Total assets	¥3.9bn	at 2021-03-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥5.6bn	at 2025-03-31	Cons.	Liabilities
Net assets / equity	¥1.4bn	at 2025-03-31	Cons.	Net assets
Net assets / equity	¥831m	at 2024-03-31	Cons.	Net assets
Net assets / equity	¥1.7bn	at 2022-03-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.6bn	at 2021-03-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.0bn	at 2025-03-31	Cons.	Cash and deposits
Cash & equivalents	¥3.0bn	at 2025-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.2bn	at 2024-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.2bn	at 2022-03-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.5bn	at 2021-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥937m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥1.2bn	2021-04-01 → 2022-03-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.3bn	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥65m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥527m	2021-04-01 → 2022-03-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥22m	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥240m	2024-04-01 → 2025-03-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥369m	2021-04-01 → 2022-03-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥718m	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-0.52	2024-04-01 → 2025-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-17.35	2021-04-01 → 2022-03-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-34.79	2020-04-01 → 2021-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥30.5	at 2025-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥48.79	at 2022-03-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥50.44	at 2021-03-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	19.1%	at 2025-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	43.8%	at 2022-03-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	38.0%	at 2021-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Employees	37	at 2025-03-31	Cons.	Number of employees
Employees	38	at 2022-03-31^v	Cons.	Number of employees
Employees	39	at 2021-03-31^d	Cons.	Number of employees
Revenue	¥4.9bn	2024-04-01 → 2025-03-31	Standalone	Net sales
Revenue	¥2.4bn	2023-04-01 → 2024-03-31	Standalone	Net sales
Revenue	¥2.8bn	2022-04-01 → 2023-03-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.6bn	2021-04-01 → 2022-03-31^v	Standalone	Net sales (5-year summary)
Revenue	¥967m	2020-04-01 → 2021-03-31^d	Standalone	Net sales (5-year summary)
Operating income	¥461m	2024-04-01 → 2025-03-31	Standalone	Operating income
Operating income	−¥1.3bn	2023-04-01 → 2024-03-31	Standalone	Operating income
Ordinary income	¥584m	2024-04-01 → 2025-03-31	Standalone	Ordinary income
Ordinary income	−¥1.4bn	2023-04-01 → 2024-03-31	Standalone	Ordinary income
Ordinary income	−¥625m	2022-04-01 → 2023-03-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥969m	2021-04-01 → 2022-03-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥956m	2020-04-01 → 2021-03-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥652m	2024-04-01 → 2025-03-31	Standalone	Income before income taxes
Profit before tax	−¥1.4bn	2023-04-01 → 2024-03-31	Standalone	Income before income taxes
Net income	¥558m	2024-04-01 → 2025-03-31	Standalone	Profit loss
Net income	−¥1.4bn	2023-04-01 → 2024-03-31	Standalone	Profit loss
Net income	−¥657m	2022-04-01 → 2023-03-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥551m	2021-04-01 → 2022-03-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥1.0bn	2020-04-01 → 2021-03-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥7.5bn	at 2025-03-31	Standalone	Assets
Total assets	¥5.1bn	at 2024-03-31	Standalone	Assets
Total assets	¥3.9bn	at 2023-03-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.5bn	at 2022-03-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.9bn	at 2021-03-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥5.5bn	at 2025-03-31	Standalone	Liabilities
Total liabilities	¥4.3bn	at 2024-03-31	Standalone	Liabilities
Net assets / equity	¥2.0bn	at 2025-03-31	Standalone	Net assets
Net assets / equity	¥831m	at 2024-03-31	Standalone	Net assets
Net assets / equity	¥1.2bn	at 2023-03-31^v	Standalone	Net assets
Net assets / equity	¥1.7bn	at 2022-03-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.6bn	at 2021-03-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.9bn	at 2025-03-31	Standalone	Cash and deposits
Cash and deposits	¥2.2bn	at 2024-03-31	Standalone	Cash and deposits
Cash & equivalents	¥2.2bn	at 2024-03-31	Standalone	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.1bn	at 2023-03-31^v	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥454m	2023-04-01 → 2024-03-31	Standalone	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.4bn	2022-04-01 → 2023-03-31^v	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥29m	2022-04-01 → 2023-03-31^v	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥1.6bn	2023-04-01 → 2024-03-31	Standalone	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥1.4bn	2022-04-01 → 2023-03-31^v	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥13.77	2024-04-01 → 2025-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-40.23	2023-04-01 → 2024-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-20.77	2022-04-01 → 2023-03-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-17.86	2021-04-01 → 2022-03-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-34.79	2020-04-01 → 2021-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥12.5	2024-04-01 → 2025-03-31	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥43.69	at 2025-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥21.35	at 2024-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥32.36	at 2023-03-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥48.3	at 2022-03-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥50.44	at 2021-03-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	25.5%	at 2025-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	13.2%	at 2024-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	26.6%	at 2023-03-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	43.8%	at 2022-03-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	38.3%	at 2021-03-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	43.1%	2024-04-01 → 2025-03-31	Standalone	Rate of return on equity (5-year summary)
Shares issued	43,881,013	at 2025-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	38,939,913	at 2024-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	32,059,713	at 2023-03-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	31,437,547	at 2022-03-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	29,622,847	at 2021-03-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	37	at 2025-03-31	Standalone	Number of employees
Employees	42	at 2024-03-31	Standalone	Number of employees
Employees	41	at 2023-03-31^v	Standalone	Number of employees
Employees	38	at 2022-03-31^v	Standalone	Number of employees
Employees	39	at 2021-03-31^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 · 1,090

Item	Context	Value	Unit
Cost of products manufactured	CurrentYearDuration_NonConsolidatedMember	3441934000	JPY
Total beginning finished goods and cost of products manufactured for the period	Prior1YearDuration_NonConsolidatedMember	1391852000	JPY
Total beginning finished goods and cost of products manufactured for the period	CurrentYearDuration_NonConsolidatedMember	3441934000	JPY
Ending finished goods cos	Prior1YearDuration_NonConsolidatedMember	－	JPY
Ending finished goods cos	CurrentYearDuration_NonConsolidatedMember	－	JPY
Cost of finished goods sold	Prior1YearDuration_NonConsolidatedMember	1391852000	JPY
Cost of finished goods sold	CurrentYearDuration_NonConsolidatedMember	3441934000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	1391852000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	3441934000	JPY
Gross profit	Prior1YearDuration_NonConsolidatedMember	1039383000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	1488411000	JPY
Depreciation sga	Prior1YearDuration_NonConsolidatedMember	917000	JPY
Depreciation sga	CurrentYearDuration_NonConsolidatedMember	896000	JPY
Research and development expenses sga	Prior1YearDuration_NonConsolidatedMember	1453349000	JPY
Research and development expenses sga	CurrentYearDuration_NonConsolidatedMember	224382000	JPY
Royalty fee sga	Prior1YearDuration_NonConsolidatedMember	163963000	JPY
Royalty fee sga	CurrentYearDuration_NonConsolidatedMember	207145000	JPY
Salaries and allowances sga	Prior1YearDuration_NonConsolidatedMember	258302000	JPY
Salaries and allowances sga	CurrentYearDuration_NonConsolidatedMember	226163000	JPY
Other sga	Prior1YearDuration_NonConsolidatedMember	498447000	JPY
Other sga	CurrentYearDuration_NonConsolidatedMember	368767000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	2374980000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1027355000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	-1335597000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	461056000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	8000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	1761000	JPY
Business advisory fee noi	Prior1YearDuration_NonConsolidatedMember	－	JPY
Business advisory fee noi	CurrentYearDuration_NonConsolidatedMember	146634000	JPY
Compensation income noi	Prior1YearDuration_NonConsolidatedMember	－	JPY
Compensation income noi	CurrentYearDuration_NonConsolidatedMember	21816000	JPY
Gain on sales of materials noi	Prior1YearDuration_NonConsolidatedMember	4339000	JPY
Gain on sales of materials noi	CurrentYearDuration_NonConsolidatedMember	1600000	JPY
Miscellaneous income noi	Prior1YearDuration_NonConsolidatedMember	2437000	JPY
Miscellaneous income noi	CurrentYearDuration_NonConsolidatedMember	204000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	6785000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	172016000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	35651000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	39379000	JPY
Interest on bonds noe	Prior1YearDuration_NonConsolidatedMember	3133000	JPY
Interest on bonds noe	CurrentYearDuration_NonConsolidatedMember	3116000	JPY
Stock issuance cost noe	Prior1YearDuration_NonConsolidatedMember	2063000	JPY
Stock issuance cost noe	CurrentYearDuration_NonConsolidatedMember	1495000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	12000000	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	3329000	JPY
Foreign exchange losses noe	Prior1YearDuration_NonConsolidatedMember	7421000	JPY
Foreign exchange losses noe	CurrentYearDuration_NonConsolidatedMember	1868000	JPY
Miscellaneous loss noe	Prior1YearDuration_NonConsolidatedMember	520000	JPY
Miscellaneous loss noe	CurrentYearDuration_NonConsolidatedMember	－	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	60789000	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 · 17 of 17 passed

balance sheet identity	consolidated 2025-03-31	pass rounding
balance sheet identity	non_consolidated 2024-03-31	pass
balance sheet identity	non_consolidated 2025-03-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2025-03-31	pass
statement vs summary · net assets	non_consolidated 2023-03-31	pass
statement vs summary · net assets	non_consolidated 2024-03-31	pass
statement vs summary · net assets	non_consolidated 2025-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-04-01/2025-03-31	pass
statement vs summary · operating cash flow	consolidated 2024-04-01/2025-03-31	pass
statement vs summary · revenue	consolidated 2024-04-01/2025-03-31	pass
statement vs summary · revenue	non_consolidated 2023-04-01/2024-03-31	pass
statement vs summary · revenue	non_consolidated 2024-04-01/2025-03-31	pass
statement vs summary · total assets	consolidated 2025-03-31	pass
statement vs summary · total assets	non_consolidated 2024-03-31	pass
statement vs summary · total assets	non_consolidated 2025-03-31	pass