Annual report

Period2025-02-01 → 2026-01-31

Filed2026-04-20

StandardJapan GAAP

ConsolidatedYes

Data checks20 of 20 passed

Key figures · 123

Metric	Value	Period	Scope	Source row
Operating income	−¥3.8bn	2025-02-01 → 2026-01-31	Cons.	Operating income
Operating income	−¥3.5bn	2024-02-01 → 2025-01-31	Cons.	Operating income
Ordinary income	−¥4.3bn	2025-02-01 → 2026-01-31	Cons.	Ordinary income
Ordinary income	−¥3.0bn	2024-02-01 → 2025-01-31	Cons.	Ordinary income
Ordinary income	−¥2.8bn	2023-02-01 → 2024-01-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥4.7bn	2022-02-01 → 2023-01-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥4.6bn	2021-02-01 → 2022-01-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥4.3bn	2025-02-01 → 2026-01-31	Cons.	Income before income taxes
Profit before tax	−¥3.0bn	2024-02-01 → 2025-01-31	Cons.	Income before income taxes
Net income (owners)	−¥3.8bn	2025-02-01 → 2026-01-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥2.9bn	2024-02-01 → 2025-01-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥2.6bn	2023-02-01 → 2024-01-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥5.6bn	2022-02-01 → 2023-01-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥4.7bn	2021-02-01 → 2022-01-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥3.8bn	2025-02-01 → 2026-01-31	Cons.	Profit loss
Net income	−¥2.9bn	2024-02-01 → 2025-01-31	Cons.	Profit loss
Total assets	¥15.6bn	at 2026-01-31	Cons.	Assets
Total assets	¥3.4bn	at 2025-01-31	Cons.	Assets
Total assets	¥5.0bn	at 2024-01-31^v	Cons.	Total assets (5-year summary)
Total assets	¥7.0bn	at 2023-01-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.5bn	at 2022-01-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥2.0bn	at 2026-01-31	Cons.	Liabilities
Total liabilities	¥1.7bn	at 2025-01-31	Cons.	Liabilities
Net assets / equity	¥13.6bn	at 2026-01-31	Cons.	Net assets
Net assets / equity	¥1.8bn	at 2025-01-31	Cons.	Net assets
Net assets / equity	¥2.8bn	at 2024-01-31^v	Cons.	Net assets
Net assets / equity	¥4.4bn	at 2023-01-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥2.0bn	at 2022-01-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥15.1bn	at 2026-01-31	Cons.	Cash and deposits
Cash and deposits	¥2.9bn	at 2025-01-31	Cons.	Cash and deposits
Cash & equivalents	¥14.8bn	at 2026-01-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.9bn	at 2025-01-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.4bn	at 2024-01-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.7bn	at 2023-01-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥4.6bn	at 2022-01-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥3.8bn	2025-02-01 → 2026-01-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥3.6bn	2024-02-01 → 2025-01-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥4.8bn	2023-02-01 → 2024-01-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥7.4bn	2022-02-01 → 2023-01-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥6.5bn	2021-02-01 → 2022-01-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥231m	2025-02-01 → 2026-01-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥4m	2024-02-01 → 2025-01-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥19m	2023-02-01 → 2024-01-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥10m	2022-02-01 → 2023-01-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥66m	2021-02-01 → 2022-01-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥16.0bn	2025-02-01 → 2026-01-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥2.1bn	2024-02-01 → 2025-01-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥2.4bn	2023-02-01 → 2024-01-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥9.4bn	2022-02-01 → 2023-01-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.5bn	2021-02-01 → 2022-01-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-52.55	2025-02-01 → 2026-01-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-41.86	2024-02-01 → 2025-01-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-40.48	2023-02-01 → 2024-01-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-95.99	2022-02-01 → 2023-01-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-90.33	2021-02-01 → 2022-01-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥170.93	at 2026-01-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥21.93	at 2025-01-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥38.08	at 2024-01-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥62.12	at 2023-01-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥32.99	at 2022-01-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	85.4%	at 2026-01-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.1%	at 2025-01-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	51.3%	at 2024-01-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	56.5%	at 2023-01-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	31.0%	at 2022-01-31^d	Cons.	Equity to asset ratio (5-year summary)
Employees	33	at 2026-01-31	Cons.	Number of employees
Employees	29	at 2025-01-31	Cons.	Number of employees
Employees	29	at 2024-01-31^v	Cons.	Number of employees
Employees	65	at 2023-01-31^v	Cons.	Number of employees
Employees	89	at 2022-01-31^d	Cons.	Number of employees
Operating income	−¥1.7bn	2025-02-01 → 2026-01-31	Standalone	Operating income
Operating income	−¥1.5bn	2024-02-01 → 2025-01-31	Standalone	Operating income
Ordinary income	−¥2.2bn	2025-02-01 → 2026-01-31	Standalone	Ordinary income
Ordinary income	−¥751m	2024-02-01 → 2025-01-31	Standalone	Ordinary income
Ordinary income	¥417m	2023-02-01 → 2024-01-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.9bn	2022-02-01 → 2023-01-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥932m	2021-02-01 → 2022-01-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥3.9bn	2025-02-01 → 2026-01-31	Standalone	Income before income taxes
Profit before tax	−¥3.7bn	2024-02-01 → 2025-01-31	Standalone	Income before income taxes
Net income	−¥3.4bn	2025-02-01 → 2026-01-31	Standalone	Profit loss
Net income	−¥3.5bn	2024-02-01 → 2025-01-31	Standalone	Profit loss
Net income	−¥4.1bn	2023-02-01 → 2024-01-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥8.9bn	2022-02-01 → 2023-01-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥6.4bn	2021-02-01 → 2022-01-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥15.5bn	at 2026-01-31	Standalone	Assets
Total assets	¥3.2bn	at 2025-01-31	Standalone	Assets
Total assets	¥4.6bn	at 2024-01-31^v	Standalone	Total assets (5-year summary)
Total assets	¥6.6bn	at 2023-01-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.9bn	at 2022-01-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.9bn	at 2026-01-31	Standalone	Liabilities
Total liabilities	¥1.5bn	at 2025-01-31	Standalone	Liabilities
Net assets / equity	¥13.6bn	at 2026-01-31	Standalone	Net assets
Net assets / equity	¥1.7bn	at 2025-01-31	Standalone	Net assets
Net assets / equity	¥2.7bn	at 2024-01-31^v	Standalone	Net assets
Net assets / equity	¥4.4bn	at 2023-01-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.0bn	at 2022-01-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥14.2bn	at 2026-01-31	Standalone	Cash and deposits
Cash and deposits	¥2.5bn	at 2025-01-31	Standalone	Cash and deposits
EPS (basic)	¥-46.62	2025-02-01 → 2026-01-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-51.49	2024-02-01 → 2025-01-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-63.29	2023-02-01 → 2024-01-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-153.17	2022-02-01 → 2023-01-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-124.35	2021-02-01 → 2022-01-31^d	Standalone	Basic earnings loss per share (5-year summary)
Net assets per share	¥170.93	at 2026-01-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥20.35	at 2025-01-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥36.74	at 2024-01-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥61.48	at 2023-01-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥32.96	at 2022-01-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	85.9%	at 2026-01-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	45.7%	at 2025-01-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.0%	at 2024-01-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.7%	at 2023-01-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	35.0%	at 2022-01-31^d	Standalone	Equity to asset ratio (5-year summary)
Shares issued	78,033,331	at 2026-01-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	70,927,202	at 2025-01-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	67,929,202	at 2024-01-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	64,076,202	at 2023-01-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	51,793,402	at 2022-01-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	33	at 2026-01-31	Standalone	Number of employees
Employees	29	at 2025-01-31	Standalone	Number of employees
Employees	29	at 2024-01-31^v	Standalone	Number of employees
Employees	37	at 2023-01-31^v	Standalone	Number of employees
Employees	34	at 2022-01-31^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 · 1,200

Item	Context	Value	Unit
Increase decrease in accounts payable other ope cf	CurrentYearDuration	23399000	JPY
Increase decrease in accrued expenses ope cf	Prior1YearDuration	-193964000	JPY
Increase decrease in accrued expenses ope cf	CurrentYearDuration	-88832000	JPY
Other net ope cf	Prior1YearDuration	-24074000	JPY
Other net ope cf	CurrentYearDuration	-137786000	JPY
Subtotal ope cf	Prior1YearDuration	-3580968000	JPY
Subtotal ope cf	CurrentYearDuration	-3764278000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	2399000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	5439000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-8317000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-5832000	JPY
Income taxes paid ope cf	Prior1YearDuration	-16220000	JPY
Income taxes paid ope cf	CurrentYearDuration	-955000	JPY
Income taxes refund ope cf	Prior1YearDuration	－	JPY
Income taxes refund ope cf	CurrentYearDuration	4737000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	-3603106000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	-3760890000	JPY
Payments into time deposits inv cf	Prior1YearDuration	－	JPY
Payments into time deposits inv cf	CurrentYearDuration	-400000000	JPY
Proceeds from withdrawal of time deposits inv cf	Prior1YearDuration	－	JPY
Proceeds from withdrawal of time deposits inv cf	CurrentYearDuration	200000000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-4891000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-32801000	JPY
Proceeds from sales of property plant and equipment inv cf	Prior1YearDuration	864000	JPY
Proceeds from sales of property plant and equipment inv cf	CurrentYearDuration	1776000	JPY
Payments for lease deposits inv cf	Prior1YearDuration	-240000	JPY
Payments for lease deposits inv cf	CurrentYearDuration	-20000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-4267000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-231044000	JPY
Repayment of long term loans payable fin cf	Prior1YearDuration	-268000000	JPY
Repayment of long term loans payable fin cf	CurrentYearDuration	-268000000	JPY
Payments of financing expenses fin cf	Prior1YearDuration	-13605000	JPY
Payments of financing expenses fin cf	CurrentYearDuration	-44595000	JPY
Proceeds from issuance of convertible bond type bonds with share acquisition rights fin cf	Prior1YearDuration	－	JPY
Proceeds from issuance of convertible bond type bonds with share acquisition rights fin cf	CurrentYearDuration	1080000000	JPY
Proceeds from issuance of common stock fin cf	Prior1YearDuration	1891824000	JPY
Proceeds from issuance of common stock fin cf	CurrentYearDuration	15171297000	JPY
Proceeds from issuance of stock resulting from exercise of subscription rights to shares fin cf	Prior1YearDuration	480981000	JPY
Proceeds from issuance of stock resulting from exercise of subscription rights to shares fin cf	CurrentYearDuration	24024000	JPY
Other net fin cf	Prior1YearDuration	-194000	JPY
Other net fin cf	CurrentYearDuration	-36000	JPY
Net cash provided by used in financing activities	Prior1YearDuration	2091005000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	15962690000	JPY
Effect of exchange rate change on cash and cash equivalents	Prior1YearDuration	-20019000	JPY
Effect of exchange rate change on cash and cash equivalents	CurrentYearDuration	-8614000	JPY
Net increase decrease in cash and cash equivalents	Prior1YearDuration	-1536388000	JPY
Net increase decrease in cash and cash equivalents	CurrentYearDuration	11962141000	JPY
Cash and cash equivalents	Prior2YearInstant	4389520000	JPY
Cash and cash equivalents	Prior1YearInstant	2853132000	JPY
Cash and cash equivalents	Prior1YearInstant	2853132000	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 2025-01-31	pass rounding
balance sheet identity	consolidated 2026-01-31	pass
balance sheet identity	non_consolidated 2025-01-31	pass
balance sheet identity	non_consolidated 2026-01-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-01-31	pass
statement vs summary · net assets	consolidated 2025-01-31	pass
statement vs summary · net assets	consolidated 2026-01-31	pass
statement vs summary · net assets	non_consolidated 2024-01-31	pass
statement vs summary · net assets	non_consolidated 2025-01-31	pass
statement vs summary · net assets	non_consolidated 2026-01-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-02-01/2025-01-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-02-01/2026-01-31	pass
statement vs summary · operating cash flow	consolidated 2024-02-01/2025-01-31	pass
statement vs summary · operating cash flow	consolidated 2025-02-01/2026-01-31	pass
statement vs summary · total assets	consolidated 2025-01-31	pass
statement vs summary · total assets	consolidated 2026-01-31	pass
statement vs summary · total assets	non_consolidated 2025-01-31	pass
statement vs summary · total assets	non_consolidated 2026-01-31	pass