Annual report

Period2025-01-01 → 2025-12-31
Filed2026-04-06
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100XVK0. Amended by S100XXAM (2026-04-06).

Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥2.6bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥2.4bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥1.5bn2023-01-01 → 2023-12-31Cons.Net sales (5-year summary)
Revenue¥3.2bn2022-01-01 → 2022-12-31Cons.Net sales (5-year summary)
Revenue¥601m2021-01-01 → 2021-12-31Cons.Net sales (5-year summary)
Operating income−¥222m2025-01-01 → 2025-12-31Cons.Operating income
Operating income−¥448m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income−¥253m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥358m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income−¥262m2023-01-01 → 2023-12-31Cons.Ordinary income loss (5-year summary)
Ordinary income¥401m2022-01-01 → 2022-12-31Cons.Ordinary income loss (5-year summary)
Ordinary income−¥220m2021-01-01 → 2021-12-31Cons.Ordinary income loss (5-year summary)
Profit before tax−¥780m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥845m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)−¥532m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥908m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥230m2023-01-01 → 2023-12-31Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥331m2022-01-01 → 2022-12-31Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥186m2021-01-01 → 2021-12-31Cons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥822m2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥735m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥3.6bnat 2025-12-31Cons.Assets
Total assets¥4.4bnat 2024-12-31Cons.Assets
Total assets¥3.4bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥3.0bnat 2022-12-31Cons.Total assets (5-year summary)
Total assets¥1.0bnat 2021-12-31Cons.Total assets (5-year summary)
Total liabilities¥2.6bnat 2025-12-31Cons.Liabilities
Total liabilities¥2.6bnat 2024-12-31Cons.Liabilities
Net assets / equity¥1.0bnat 2025-12-31Cons.Net assets
Net assets / equity¥1.8bnat 2024-12-31Cons.Net assets
Net assets / equity¥2.0bnat 2023-12-31vCons.Net assets
Net assets / equity¥2.2bnat 2022-12-31Cons.Net assets (5-year summary)
Net assets / equity¥438mat 2021-12-31Cons.Net assets (5-year summary)
Cash and deposits¥744mat 2025-12-31Cons.Cash and deposits
Cash and deposits¥807mat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥448mat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥517mat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥933mat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥1.8bnat 2022-12-31Cons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥289mat 2021-12-31Cons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥86m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥299m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥131m2023-01-01 → 2023-12-31Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥546m2022-01-01 → 2022-12-31Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥596m2021-01-01 → 2021-12-31Cons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥117m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.7bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥831m2023-01-01 → 2023-12-31Cons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥271m2022-01-01 → 2022-12-31Cons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥62m2021-01-01 → 2021-12-31Cons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥126m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.6bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥21m2023-01-01 → 2023-12-31Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.3bn2022-01-01 → 2022-12-31Cons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-18.992025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-33.72024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-9.22023-01-01 → 2023-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥13.772022-01-01 → 2022-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-9.772021-01-01 → 2021-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥12.522022-01-01 → 2022-12-31Cons.Diluted earnings per share (5-year summary)
Net assets per share¥15.89at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥34.55at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥63.92at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥72.63at 2022-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥-1.53at 2021-12-31Cons.Net assets per share (5-year summary)
Equity ratio12.2%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio22.2%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio47.7%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio60.1%at 2022-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio-2.8%at 2021-12-31Cons.Equity to asset ratio (5-year summary)
ROE-75.3%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE-70.7%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE-13.5%2023-01-01 → 2023-12-31Cons.Rate of return on equity (5-year summary)
ROE37.0%2022-01-01 → 2022-12-31Cons.Rate of return on equity (5-year summary)
ROE-235.3%2021-01-01 → 2021-12-31Cons.Rate of return on equity (5-year summary)
Employees72at 2025-12-31Cons.Number of employees
Employees93at 2024-12-31Cons.Number of employees
Employees110at 2023-12-31vCons.Number of employees
Employees60at 2022-12-31Cons.Number of employees
Employees52at 2021-12-31Cons.Number of employees
Revenue¥123m2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥55m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥35m2023-01-01 → 2023-12-31StandaloneNet sales (5-year summary)
Revenue¥67m2022-01-01 → 2022-12-31StandaloneNet sales (5-year summary)
Revenue¥48m2021-01-01 → 2021-12-31StandaloneNet sales (5-year summary)
Operating income−¥202m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥482m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥219m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥423m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥161m2023-01-01 → 2023-12-31StandaloneOrdinary income loss (5-year summary)
Ordinary income¥69m2022-01-01 → 2022-12-31StandaloneOrdinary income loss (5-year summary)
Ordinary income−¥159m2021-01-01 → 2021-12-31StandaloneOrdinary income loss (5-year summary)
Profit before tax−¥495m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥1.7bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥496m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥1.7bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥218m2023-01-01 → 2023-12-31StandaloneNet income loss (5-year summary)
Net income¥306m2022-01-01 → 2022-12-31StandaloneNet income loss (5-year summary)
Net income−¥249m2021-01-01 → 2021-12-31StandaloneNet income loss (5-year summary)
Total assets¥1.8bnat 2025-12-31StandaloneAssets
Total assets¥2.3bnat 2024-12-31StandaloneAssets
Total assets¥1.4bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.6bnat 2022-12-31StandaloneTotal assets (5-year summary)
Total assets¥252mat 2021-12-31StandaloneTotal assets (5-year summary)
Total liabilities¥2.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥2.1bnat 2024-12-31StandaloneLiabilities
Net assets / equity−¥276mat 2025-12-31StandaloneNet assets
Net assets / equity¥220mat 2024-12-31StandaloneNet assets
Net assets / equity¥1.4bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥1.6bnat 2022-12-31StandaloneNet assets (5-year summary)
Net assets / equity¥6mat 2021-12-31StandaloneNet assets (5-year summary)
Cash and deposits¥195mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥68mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-17.692025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-62.552024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-8.692023-01-01 → 2023-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥12.732022-01-01 → 2022-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-13.072021-01-01 → 2021-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥11.582022-01-01 → 2022-12-31StandaloneDiluted earnings per share (5-year summary)
Net assets per share¥-9.84at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥7.86at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥53.92at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥62.61at 2022-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥-5.43at 2021-12-31StandaloneNet assets per share (5-year summary)
Equity ratio-15.4%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio9.5%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio96.8%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio97.7%at 2022-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio-41.1%at 2021-12-31StandaloneEquity to asset ratio (5-year summary)
ROE-214.6%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE-14.9%2023-01-01 → 2023-12-31StandaloneRate of return on equity (5-year summary)
ROE41.8%2022-01-01 → 2022-12-31StandaloneRate of return on equity (5-year summary)
ROE-1185.4%2021-01-01 → 2021-12-31StandaloneRate of return on equity (5-year summary)
Shares issued28,024,900at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued28,024,900at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued25,035,700at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued25,035,700at 2022-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued19,060,800at 2021-12-31StandaloneTotal number of issued shares (5-year summary)
Employees8at 2025-12-31StandaloneNumber of employees
Employees5at 2024-12-31StandaloneNumber of employees
Employees5at 2023-12-31vStandaloneNumber of employees
Employees5at 2022-12-31StandaloneNumber of employees
Employees6at 2021-12-31StandaloneNumber 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 · 46
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥103m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥103m
Reconciling Itemsreconcilingsegment assetsat 2025-12-31−¥714m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31¥17m
Japanreportable segmentcapex2025-01-01 → 2025-12-31¥55m
Japanreportable segmentemployeesat 2025-12-3119 pure
Japanreportable segmentrevenue2025-01-01 → 2025-12-31¥194m
Japanreportable segmentrevenue external2025-01-01 → 2025-12-31¥102m
Japanreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥92m
Japanreportable segmentsegment assetsat 2025-12-31¥1.9bn
Japanreportable segmentsegment profit2025-01-01 → 2025-12-31−¥486m
Koreareportable segmentcapex2025-01-01 → 2025-12-31¥32m
Koreareportable segmentemployeesat 2025-12-3153 pure
Koreareportable segmentrevenue2025-01-01 → 2025-12-31¥2.5bn
Koreareportable segmentrevenue external2025-01-01 → 2025-12-31¥2.5bn
Koreareportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥11m
Koreareportable segmentsegment assetsat 2025-12-31¥2.4bn
Koreareportable segmentsegment profit2025-01-01 → 2025-12-31¥247m
—segment totalcapex2025-01-01 → 2025-12-31¥88m
—segment totalrevenue2025-01-01 → 2025-12-31¥2.7bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥2.6bn
—segment totalrevenue intersegment2025-01-01 → 2025-12-31¥103m
—segment totalsegment assetsat 2025-12-31¥4.4bn
—segment totalsegment profit2025-01-01 → 2025-12-31−¥239m
Reconciling Itemsreconcilingrevenue2024-01-01 → 2024-12-31−¥54m
Reconciling Itemsreconcilingrevenue intersegment2024-01-01 → 2024-12-31−¥54m
Reconciling Itemsreconcilingsegment assetsat 2024-12-31−¥1.0bn
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥55m
Japanreportable segmentcapex2024-01-01 → 2024-12-31¥1.6bn
Japanreportable segmentrevenue2024-01-01 → 2024-12-31¥95m
Japanreportable segmentrevenue external2024-01-01 → 2024-12-31¥61m
Japanreportable segmentrevenue intersegment2024-01-01 → 2024-12-31¥34m
Japanreportable segmentsegment assetsat 2024-12-31¥2.9bn
Japanreportable segmentsegment profit2024-01-01 → 2024-12-31−¥621m
Koreareportable segmentcapex2024-01-01 → 2024-12-31¥89m
Koreareportable segmentrevenue2024-01-01 → 2024-12-31¥2.3bn
Koreareportable segmentrevenue external2024-01-01 → 2024-12-31¥2.3bn
Koreareportable segmentrevenue intersegment2024-01-01 → 2024-12-31¥20m
Koreareportable segmentsegment assetsat 2024-12-31¥2.5bn
Koreareportable segmentsegment profit2024-01-01 → 2024-12-31¥228m
—segment totalcapex2024-01-01 → 2024-12-31¥1.7bn
—segment totalrevenue2024-01-01 → 2024-12-31¥2.4bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥2.4bn
—segment totalrevenue intersegment2024-01-01 → 2024-12-31¥54m
—segment totalsegment assetsat 2024-12-31¥5.4bn
—segment totalsegment profit2024-01-01 → 2024-12-31−¥393m

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,474
ItemContextValueUnit
Number of employeesPrior4YearInstant_NonConsolidatedMember6
Number of employeesPrior3YearInstant_NonConsolidatedMember5
Number of employeesPrior2YearInstant_NonConsolidatedMember5
Number of employeesPrior1YearInstant_NonConsolidatedMember5
Number of employeesCurrentYearInstant_NonConsolidatedMember8
Total shareholder returnPrior4YearInstant_NonConsolidatedMember0.498
Total shareholder returnPrior3YearInstant_NonConsolidatedMember1.015
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.708
Total shareholder returnPrior1YearInstant_NonConsolidatedMember0.611
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.505
Total return on share price indexPrior4YearInstant_NonConsolidatedMember0.871
Total return on share price indexPrior3YearInstant_NonConsolidatedMember-
Total return on share price indexPrior2YearInstant_NonConsolidatedMember-
Total return on share price indexPrior1YearInstant_NonConsolidatedMember-
Total return on share price indexCurrentYearInstant_NonConsolidatedMember-
Number of employeesCurrentYearInstant_jpcrp030000-asr_E05114-000JapanReportableSegmentsMember19
Average number of temporary workersCurrentYearInstant_jpcrp030000-asr_E05114-000JapanReportableSegmentsMember5
Number of employeesCurrentYearInstant_jpcrp030000-asr_E05114-000KoreaReportableSegmentsMember53
Average number of temporary workersCurrentYearInstant_jpcrp030000-asr_E05114-000KoreaReportableSegmentsMember-
Number of employeesCurrentYearInstant72
Average number of temporary workersCurrentYearInstant5
Number of employeesCurrentYearInstant_NonConsolidatedMember8
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember45.5
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember11.0
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember6085000JPY
Number of employeesCurrentYearInstant_NonConsolidatedMember8
Research and development expenses research and development activitiesCurrentYearDuration174404000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration86941000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration_jpcrp030000-asr_E05114-000JapanReportableSegmentsMember54555000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration_jpcrp030000-asr_E05114-000KoreaReportableSegmentsMember32386000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember28024900
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember28024900
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant28024900
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant28024900
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember1
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember23
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember30
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember26
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember69
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember8570
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember8719
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember279
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember14330
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember1073
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember111319
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember1376
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember151836

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 rounding
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
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