Annual report

Period2024-04-01 → 2025-03-31
Filed2025-06-26
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 150
MetricValuePeriodScopeSource row
Revenue¥38.3bn2024-04-01 → 2025-03-31Cons.Revenue2 IFRS
Revenue¥37.9bn2023-04-01 → 2024-03-31Cons.Revenue2 IFRS
Profit before tax−¥10.2bn2024-04-01 → 2025-03-31Cons.Profit loss before tax IFRS
Profit before tax¥6.3bn2023-04-01 → 2024-03-31Cons.Profit loss before tax IFRS
Profit before tax−¥13.9bn2022-04-01 → 2023-03-31dCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥45.4bn2021-04-01 → 2022-03-31dCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥14.3bn2020-04-01 → 2021-03-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)−¥7.2bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥5.8bn2023-04-01 → 2024-03-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)−¥9.1bn2022-04-01 → 2023-03-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥30.3bn2021-04-01 → 2022-03-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥9.8bn2020-04-01 → 2021-03-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income−¥7.5bn2024-04-01 → 2025-03-31Cons.Profit loss IFRS
Net income¥5.6bn2023-04-01 → 2024-03-31Cons.Profit loss IFRS
Total assets¥226.3bnat 2025-03-31Cons.Assets IFRS
Total assets¥231.4bnat 2024-03-31Cons.Assets IFRS
Total assets¥216.3bnat 2023-03-31dCons.Total assets IFRS (5-year summary)
Total assets¥231.6bnat 2022-03-31dCons.Total assets IFRS (5-year summary)
Total assets¥178.3bnat 2021-03-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥148.6bnat 2025-03-31Cons.Liabilities IFRS
Total liabilities¥139.3bnat 2024-03-31Cons.Liabilities IFRS
Net assets / equity¥77.7bnat 2025-03-31Cons.Equity IFRS
Net assets / equity¥92.1bnat 2024-03-31Cons.Equity IFRS
Net assets / equity¥82.0bnat 2023-03-31dCons.Equity IFRS
Equity (owners)¥75.4bnat 2025-03-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥89.3bnat 2024-03-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥80.0bnat 2023-03-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥95.7bnat 2022-03-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥62.1bnat 2021-03-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥56.4bnat 2025-03-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥49.6bnat 2024-03-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥53.3bnat 2023-03-31dCons.Cash and cash equivalents IFRS
Cash & equivalents¥43.4bnat 2022-03-31dCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥38.0bnat 2021-03-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥31.7bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥11.0bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥13.5bn2022-04-01 → 2023-03-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥7.1bn2021-04-01 → 2022-03-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥7.0bn2020-04-01 → 2021-03-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥10.0bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥8.8bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow¥1.6bn2022-04-01 → 2023-03-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥8.0bn2021-04-01 → 2022-03-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥864m2020-04-01 → 2021-03-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥14.9bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥15.9bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥5.2bn2022-04-01 → 2023-03-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥6.2bn2021-04-01 → 2022-03-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥914m2020-04-01 → 2021-03-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥-155.292024-04-01 → 2025-03-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥126.772023-04-01 → 2024-03-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥-193.132022-04-01 → 2023-03-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥654.772021-04-01 → 2022-03-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥212.492020-04-01 → 2021-03-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-155.292024-04-01 → 2025-03-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥125.312023-04-01 → 2024-03-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥-193.132022-04-01 → 2023-03-31dCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥592.362021-04-01 → 2022-03-31dCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥193.822020-04-01 → 2021-03-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥1,645.49at 2025-03-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,883.73at 2024-03-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,737.03at 2023-03-31dCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥2,033at 2022-03-31dCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,348.45at 2021-03-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio33.3%at 2025-03-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio38.6%at 2024-03-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio37.0%at 2023-03-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio41.3%at 2022-03-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio34.8%at 2021-03-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE-8.7%2024-04-01 → 2025-03-31Cons.Rate of return on equity IFRS (5-year summary)
ROE6.9%2023-04-01 → 2024-03-31Cons.Rate of return on equity IFRS (5-year summary)
ROE-10.3%2022-04-01 → 2023-03-31dCons.Rate of return on equity IFRS (5-year summary)
ROE38.4%2021-04-01 → 2022-03-31dCons.Rate of return on equity IFRS (5-year summary)
ROE17.1%2020-04-01 → 2021-03-31dCons.Rate of return on equity IFRS (5-year summary)
Employees1,321at 2025-03-31Cons.Number of employees
Employees1,087at 2024-03-31Cons.Number of employees
Employees955at 2023-03-31dCons.Number of employees
Employees932at 2022-03-31dCons.Number of employees
Employees898at 2021-03-31dCons.Number of employees
Revenue¥8.8bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥8.1bn2023-04-01 → 2024-03-31StandaloneNet sales
Revenue¥7.6bn2022-04-01 → 2023-03-31dStandaloneNet sales (5-year summary)
Revenue¥7.9bn2021-04-01 → 2022-03-31dStandaloneNet sales (5-year summary)
Revenue¥34.8bn2020-04-01 → 2021-03-31dStandaloneNet sales (5-year summary)
Operating income−¥7.7bn2024-04-01 → 2025-03-31StandaloneOperating income
Operating income−¥6.6bn2023-04-01 → 2024-03-31StandaloneOperating income
Ordinary income¥1.5bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥2.9bn2023-04-01 → 2024-03-31StandaloneOrdinary income
Ordinary income¥4.7bn2022-04-01 → 2023-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥466m2021-04-01 → 2022-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.1bn2020-04-01 → 2021-03-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥2.5bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Profit before tax¥1.8bn2023-04-01 → 2024-03-31StandaloneIncome before income taxes
Net income−¥715m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥2.7bn2023-04-01 → 2024-03-31StandaloneProfit loss
Net income¥7.1bn2022-04-01 → 2023-03-31dStandaloneNet income loss (5-year summary)
Net income−¥383m2021-04-01 → 2022-03-31dStandaloneNet income loss (5-year summary)
Net income¥1.1bn2020-04-01 → 2021-03-31dStandaloneNet income loss (5-year summary)
Total assets¥93.5bnat 2025-03-31StandaloneAssets
Total assets¥101.4bnat 2024-03-31StandaloneAssets
Total assets¥84.3bnat 2023-03-31dStandaloneTotal assets (5-year summary)
Total assets¥82.5bnat 2022-03-31dStandaloneTotal assets (5-year summary)
Total assets¥77.1bnat 2021-03-31dStandaloneTotal assets (5-year summary)
Total liabilities¥69.0bnat 2025-03-31StandaloneLiabilities
Total liabilities¥69.5bnat 2024-03-31StandaloneLiabilities
Net assets / equity¥24.6bnat 2025-03-31StandaloneNet assets
Net assets / equity¥31.8bnat 2024-03-31StandaloneNet assets
Net assets / equity¥27.0bnat 2023-03-31dStandaloneNet assets
Net assets / equity¥27.3bnat 2022-03-31dStandaloneNet assets (5-year summary)
Net assets / equity¥24.3bnat 2021-03-31dStandaloneNet assets (5-year summary)
Cash and deposits¥11.2bnat 2025-03-31StandaloneCash and deposits
Cash and deposits¥19.1bnat 2024-03-31StandaloneCash and deposits
EPS (basic)¥-15.442024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥57.962023-04-01 → 2024-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥152.372022-04-01 → 2023-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-8.272021-04-01 → 2022-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.542020-04-01 → 2021-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥57.32023-04-01 → 2024-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥136.942022-04-01 → 2023-03-31dStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥20.542020-04-01 → 2021-03-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥532024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥402023-04-01 → 2024-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥372022-04-01 → 2023-03-31dStandaloneDividend paid per share (5-year summary)
Dividend per share¥352021-04-01 → 2022-03-31dStandaloneDividend paid per share (5-year summary)
Dividend per share¥322020-04-01 → 2021-03-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥496.27at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥638.13at 2024-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥557.12at 2023-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥550.58at 2022-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥500.93at 2021-03-31dStandaloneNet assets per share (5-year summary)
Equity ratio24.3%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio29.8%at 2024-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio30.4%at 2023-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio31.4%at 2022-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio29.9%at 2021-03-31dStandaloneEquity to asset ratio (5-year summary)
ROE-2.7%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE9.5%2023-04-01 → 2024-03-31StandaloneRate of return on equity (5-year summary)
ROE27.7%2022-04-01 → 2023-03-31dStandaloneRate of return on equity (5-year summary)
ROE-1.6%2021-04-01 → 2022-03-31dStandaloneRate of return on equity (5-year summary)
ROE4.8%2020-04-01 → 2021-03-31dStandaloneRate of return on equity (5-year summary)
Shares issued47,650,900at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,619,100at 2024-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,607,500at 2023-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued47,482,800at 2022-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued47,441,900at 2021-03-31dStandaloneTotal number of issued shares (5-year summary)
Employees564at 2025-03-31StandaloneNumber of employees
Employees528at 2024-03-31StandaloneNumber of employees
Employees471at 2023-03-31dStandaloneNumber of employees
Employees449at 2022-03-31dStandaloneNumber of employees
Employees471at 2021-03-31dStandaloneNumber 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.

Segments · 2
SegmentItemPeriodValue
Global Investment Incubationreportable segmentemployeesat 2025-03-3152 pure
Global Investment Incubationreportable segmentemployeesat 2025-03-3130 pure

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

All source rows · 1,777
ItemContextValueUnit
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant75417000000JPY
Total assets IFRS (5-year summary)Prior4YearInstant178301000000JPY
Total assets IFRS (5-year summary)Prior3YearInstant231607000000JPY
Total assets IFRS (5-year summary)Prior2YearInstant216275000000JPY
Total assets IFRS (5-year summary)Prior1YearInstant231431000000JPY
Total assets IFRS (5-year summary)CurrentYearInstant226344000000JPY
Equity to asset ratio IFRS (5-year summary)Prior4YearInstant1348.45
Equity to asset ratio IFRS (5-year summary)Prior3YearInstant2033.00
Equity to asset ratio IFRS (5-year summary)Prior2YearInstant1737.03
Equity to asset ratio IFRS (5-year summary)Prior1YearInstant1883.73
Equity to asset ratio IFRS (5-year summary)CurrentYearInstant1645.49
Basic earnings loss per share IFRS (5-year summary)Prior4YearDuration212.49
Basic earnings loss per share IFRS (5-year summary)Prior3YearDuration654.77
Basic earnings loss per share IFRS (5-year summary)Prior2YearDuration-193.13
Basic earnings loss per share IFRS (5-year summary)Prior1YearDuration126.77
Basic earnings loss per share IFRS (5-year summary)CurrentYearDuration-155.29
Diluted earnings loss per share IFRS (5-year summary)Prior4YearDuration193.82
Diluted earnings loss per share IFRS (5-year summary)Prior3YearDuration592.36
Diluted earnings loss per share IFRS (5-year summary)Prior2YearDuration-193.13
Diluted earnings loss per share IFRS (5-year summary)Prior1YearDuration125.31
Diluted earnings loss per share IFRS (5-year summary)CurrentYearDuration-155.29
Ratio of owners equity to gross assets IFRS (5-year summary)Prior4YearInstant0.348
Ratio of owners equity to gross assets IFRS (5-year summary)Prior3YearInstant0.413
Ratio of owners equity to gross assets IFRS (5-year summary)Prior2YearInstant0.370
Ratio of owners equity to gross assets IFRS (5-year summary)Prior1YearInstant0.386
Ratio of owners equity to gross assets IFRS (5-year summary)CurrentYearInstant0.333
Rate of return on equity IFRS (5-year summary)Prior4YearDuration0.171
Rate of return on equity IFRS (5-year summary)Prior3YearDuration0.384
Rate of return on equity IFRS (5-year summary)Prior2YearDuration-0.103
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.069
Rate of return on equity IFRS (5-year summary)CurrentYearDuration-0.087
Price earnings ratio IFRS (5-year summary)Prior4YearDuration21.2
Price earnings ratio IFRS (5-year summary)Prior3YearDuration7.0
Price earnings ratio IFRS (5-year summary)Prior2YearDuration-
Price earnings ratio IFRS (5-year summary)Prior1YearDuration26.2
Price earnings ratio IFRS (5-year summary)CurrentYearDuration-
Cash flows from used in operating activities IFRS (5-year summary)Prior4YearDuration7047000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior3YearDuration7059000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior2YearDuration13473000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration-11032000000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration31726000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior4YearDuration-864000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior3YearDuration-7978000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior2YearDuration1628000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior1YearDuration-8763000000JPY
Cash flows from used in investing activities IFRS (5-year summary)CurrentYearDuration-10003000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior4YearDuration-914000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior3YearDuration6244000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior2YearDuration-5214000000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior1YearDuration15931000000JPY

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 · 19 of 19 passed
balance sheet identityconsolidated 2024-03-31pass
balance sheet identityconsolidated 2025-03-31pass
balance sheet identitynon_consolidated 2024-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2023-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2023-04-01/2024-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2023-04-01/2024-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2023-04-01/2024-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · total assetsconsolidated 2024-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2024-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass