Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-24
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 137
MetricValuePeriodScopeSource row
Revenue¥429m2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥316m2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥617m2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥1.1bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥559m2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income−¥861m2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income−¥2.0bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax−¥876m2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax−¥2.0bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax−¥1.1bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax−¥2.5bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax−¥2.4bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)−¥876m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)−¥1.9bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)−¥1.1bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)−¥2.5bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)−¥2.5bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income−¥876m2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income−¥1.9bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥2.1bnat 2025-12-31Cons.Assets IFRS
Total assets¥1.4bnat 2024-12-31Cons.Assets IFRS
Total assets¥2.2bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥3.1bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥3.1bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥393mat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥206mat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥1.8bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥1.2bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥1.9bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥1.8bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥1.2bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥1.9bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥2.7bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥2.6bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥1.4bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥886mat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥728mat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥803mat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥714mat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow−¥847m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥1.0bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥359m2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow−¥2.1bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow−¥2.5bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥81m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥02024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥02023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥418m2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥164m2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow¥1.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥1.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥275m2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥2.6bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥361m2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥-3.692025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥-9.772024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥-6.622023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥-16.772022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥-19.042021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-3.692025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥-9.772024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥-6.622023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-16.772022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-19.042021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥6.65at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥5.3at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥10.78at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥15.85at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥19.38at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio81.7%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio84.9%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio84.1%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio84.9%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio82.3%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Employees22at 2025-12-31Cons.Number of employees
Employees23at 2024-12-31Cons.Number of employees
Employees24at 2023-12-31vCons.Number of employees
Employees27at 2022-12-31vCons.Number of employees
Employees77at 2021-12-31dCons.Number of employees
Revenue¥429m2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥316m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥617m2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.1bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥559m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥871m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥840m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥897m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥869m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥678m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.8bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥2.2bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥897m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥869m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥897m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥868m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥679m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥2.1bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥2.2bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥2.1bnat 2025-12-31StandaloneAssets
Total assets¥1.4bnat 2024-12-31StandaloneAssets
Total assets¥1.1bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.5bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥922mat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥457mat 2025-12-31StandaloneLiabilities
Total liabilities¥321mat 2024-12-31StandaloneLiabilities
Net assets / equity¥1.6bnat 2025-12-31StandaloneNet assets
Net assets / equity¥1.0bnat 2024-12-31StandaloneNet assets
Net assets / equity¥672mat 2023-12-31vStandaloneNet assets
Net assets / equity¥1.0bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥443mat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.4bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥875mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-3.782025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-4.372024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-4.042023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-13.722022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-17.152021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥6.15at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥4.75at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥3.86at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥6.12at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥3.3at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio78.0%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio76.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio62.9%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio67.9%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio47.7%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
Shares issued263,709,010at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued218,458,910at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued174,373,910at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued168,402,310at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued133,946,210at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees17at 2025-12-31StandaloneNumber of employees
Employees18at 2024-12-31StandaloneNumber of employees
Employees19at 2023-12-31vStandaloneNumber of employees
Employees21at 2022-12-31vStandaloneNumber of employees
Employees21at 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.

All source rows · 1,309
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)三優監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)熊谷 康司
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)工藤 博靖
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)固定資産の減損の兆候判定の妥当性
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)三優監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)熊谷 康司
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)工藤 博靖
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)固定資産の減損の兆候判定の妥当性
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Revenue IFRS (5-year summary)Prior4YearDuration559000000JPY
Revenue IFRS (5-year summary)Prior3YearDuration1092000000JPY
Revenue IFRS (5-year summary)Prior2YearDuration617000000JPY
Revenue IFRS (5-year summary)Prior1YearDuration316000000JPY
Revenue IFRS (5-year summary)CurrentYearDuration429000000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration-2442000000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration-2492000000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration-1135000000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration-1961000000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration-876000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration-2478000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration-2548000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration-1112000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration-1941000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)CurrentYearDuration-876000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior4YearDuration-2461000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior3YearDuration-2543000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior2YearDuration-1103000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior1YearDuration-1933000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)CurrentYearDuration-862000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior4YearInstant2587000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior3YearInstant2662000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior2YearInstant1875000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior1YearInstant1156000000JPY
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant1752000000JPY
Total assets IFRS (5-year summary)Prior4YearInstant3144000000JPY
Total assets IFRS (5-year summary)Prior3YearInstant3134000000JPY
Total assets IFRS (5-year summary)Prior2YearInstant2229000000JPY

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 · 21 of 21 passed
balance sheet identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass
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 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