Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 154
MetricValuePeriodScopeSource row
Revenue¥78.5bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥13.0bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥14.9bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥16.6bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥34.5bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Operating income¥8.2bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥139m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥8.3bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥151m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥180m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥746m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥542m2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥8.3bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥113m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥5.6bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥4m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥40m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥395m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥328m2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥5.5bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥7m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥51.5bnat 2025-12-31Cons.Assets
Total assets¥10.4bnat 2024-12-31Cons.Assets
Total assets¥10.8bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥12.4bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥11.6bnat 2021-12-31vCons.Total assets (5-year summary)
Total liabilities¥37.5bnat 2025-12-31Cons.Liabilities
Total liabilities¥5.1bnat 2024-12-31Cons.Liabilities
Net assets / equity¥14.1bnat 2025-12-31Cons.Net assets
Net assets / equity¥5.2bnat 2024-12-31Cons.Net assets
Net assets / equity¥5.2bnat 2023-12-31vCons.Net assets
Net assets / equity¥5.4bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥5.2bnat 2021-12-31vCons.Net assets (5-year summary)
Cash and deposits¥13.9bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥4.0bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥13.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.0bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.2bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥5.3bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥4.7bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥13.7bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥6m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥912m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥881m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥195m2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥712m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥144m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥68m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥197m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥206m2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥6.3bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥22m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥177m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥55m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥285m2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥20.282025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-0.32024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥2.52023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥24.982022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥20.522021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥20.262025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥2.52023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥24.852022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥20.52021-01-01 → 2021-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥49.9at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥321.02at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥320.98at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥334.28at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥325.76at 2021-12-31vCons.Net assets per share (5-year summary)
Equity ratio26.6%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio50.0%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 ratio43.2%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio44.1%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
ROE59.0%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE0.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE7.5%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE6.3%2021-01-01 → 2021-12-31vCons.Rate of return on equity (5-year summary)
Employees1,826at 2025-12-31Cons.Number of employees
Employees453at 2024-12-31Cons.Number of employees
Employees563at 2023-12-31vCons.Number of employees
Employees611at 2022-12-31vCons.Number of employees
Employees613at 2021-12-31vCons.Number of employees
Revenue¥67.0bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥541m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥544m2023-01-01 → 2023-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥530m2022-01-01 → 2022-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥500m2021-01-01 → 2021-12-31vStandaloneOperating revenue1 (5-year summary)
Operating income¥8.1bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥538m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥8.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥405m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥283m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥13m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥7m2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥8.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥400m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥5.8bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥272m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥304m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥77m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥73m2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Total assets¥45.4bnat 2025-12-31StandaloneAssets
Total assets¥4.4bnat 2024-12-31StandaloneAssets
Total assets¥4.8bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥4.8bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥4.8bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total liabilities¥32.5bnat 2025-12-31StandaloneLiabilities
Total liabilities¥486mat 2024-12-31StandaloneLiabilities
Net assets / equity¥12.9bnat 2025-12-31StandaloneNet assets
Net assets / equity¥3.9bnat 2024-12-31StandaloneNet assets
Net assets / equity¥4.2bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥4.1bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥4.2bnat 2021-12-31vStandaloneNet assets (5-year summary)
Cash and deposits¥8.6bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥574mat 2024-12-31StandaloneCash and deposits
EPS (basic)¥21.062025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-16.872024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥18.862023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥4.912022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥4.612021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥21.032025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥18.862023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥4.892022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥4.612021-01-01 → 2021-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥20.262025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥6.92024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥1.32023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥12.52022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥10.92021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥46.29at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥242.94at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥259.46at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥256.05at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥262.6at 2021-12-31vStandaloneNet assets per share (5-year summary)
Equity ratio28.0%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio88.4%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio87.6%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio84.7%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio86.5%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
ROE69.5%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE7.3%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE1.9%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE1.7%2021-01-01 → 2021-12-31vStandaloneRate of return on equity (5-year summary)
Shares issued274,698,528at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued16,757,200at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued16,757,200at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued16,757,200at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued16,757,200at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Employees674at 2025-12-31StandaloneNumber of employees
Employees50at 2024-12-31StandaloneNumber of employees
Employees49at 2023-12-31vStandaloneNumber of employees
Employees52at 2022-12-31vStandaloneNumber of employees
Employees53at 2021-12-31vStandaloneNumber 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 · 26
SegmentItemPeriodValue
Otherother segmentsdepreciation2025-01-01 → 2025-12-31¥39m
Otherother segmentsrevenue2025-01-01 → 2025-12-31¥193m
Otherother segmentsrevenue external2025-01-01 → 2025-12-31¥193m
Otherother segmentssegment profit2025-01-01 → 2025-12-31¥113m
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥805m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥805m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥722m
Internet Infrastructurereportable segmentdepreciation2025-01-01 → 2025-12-31¥4.5bn
Internet Infrastructurereportable segmentemployeesat 2025-12-311412 pure
Internet Infrastructurereportable segmentrevenue2025-01-01 → 2025-12-31¥66.0bn
Internet Infrastructurereportable segmentrevenue external2025-01-01 → 2025-12-31¥65.9bn
Internet Infrastructurereportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥128m
Internet Infrastructurereportable segmentsegment profit2025-01-01 → 2025-12-31¥8.6bn
Online Advertising And Mediareportable segmentdepreciation2025-01-01 → 2025-12-31¥77m
Online Advertising And Mediareportable segmentemployeesat 2025-12-31299 pure
Online Advertising And Mediareportable segmentrevenue2025-01-01 → 2025-12-31¥13.2bn
Online Advertising And Mediareportable segmentrevenue external2025-01-01 → 2025-12-31¥12.5bn
Online Advertising And Mediareportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥676m
Online Advertising And Mediareportable segmentsegment profit2025-01-01 → 2025-12-31¥201m
Total Of Reportable Segments And Otherssegment totaldepreciation2025-01-01 → 2025-12-31¥4.6bn
Total Of Reportable Segments And Otherssegment totalrevenue2025-01-01 → 2025-12-31¥79.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-01-01 → 2025-12-31¥78.4bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2025-01-01 → 2025-12-31¥805m
Total Of Reportable Segments And Otherssegment totalsegment profit2025-01-01 → 2025-12-31¥8.8bn
Internet Infrastructurereportable segmentemployeesat 2025-12-31455 pure
Online Advertising And Mediareportable segmentemployeesat 2025-12-31104 pure

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

All source rows · 1,492
ItemContextValueUnit
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row2Member-
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member16.4
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row2Member92.0
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row3Member65.3
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row4Member72.0
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row5Member74.2
Capital expenditures overview of capital expenditures etcCurrentYearDuration1943000000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember274698528
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember274698528
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant274698528
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant274698528
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember8
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember50
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember127
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember47
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember322
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember24782
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember25336
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember7011
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember28708
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember2528175
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember24810
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember2207
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember155810
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember2746721
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember26428
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0026
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0105
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.9204
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0090
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0008
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.0567
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember248434528
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.9059
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember2316000
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0084
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember1597900
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0058
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember1120300
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0041
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember503500
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0018
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember435200
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0016
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember407600
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0015

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