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
Outsourcing expenses sga IFRSPrior1YearDuration2146000000JPY
Outsourcing expenses sga IFRSCurrentYearDuration2631000000JPY
Commission expenses sga IFRSPrior1YearDuration1780000000JPY
Commission expenses sga IFRSCurrentYearDuration2090000000JPY
Depreciation and amortization sga IFRSPrior1YearDuration1995000000JPY
Depreciation and amortization sga IFRSCurrentYearDuration2092000000JPY
Research and development expenditure recognized as expense during period IFRSPrior1YearDuration419000000JPY
Research and development expenditure recognized as expense during period IFRSCurrentYearDuration461000000JPY
Advertising expenses IFRSPrior1YearDuration291000000JPY
Advertising expenses IFRSCurrentYearDuration297000000JPY
Other sga IFRSPrior1YearDuration2556000000JPY
Other sga IFRSCurrentYearDuration3734000000JPY
Selling general and administrative expenses IFRSPrior1YearDuration17861000000JPY
Selling general and administrative expenses IFRSCurrentYearDuration21643000000JPY
Rent income of investment property other income IFRSPrior1YearDuration114000000JPY
Rent income of investment property other income IFRSCurrentYearDuration66000000JPY
Remuneration from investment partnership management other income IFRSPrior1YearDuration327000000JPY
Remuneration from investment partnership management other income IFRSCurrentYearDuration118000000JPY
Rental income2 IFRSPrior1YearDuration362000000JPY
Rental income2 IFRSCurrentYearDuration370000000JPY
Gain on sale of fixed assets IFRSPrior1YearDuration16000000JPY
Gain on sale of fixed assets IFRSCurrentYearDuration302000000JPY
Gain on sale of investments in subsidiaries and associates IFRSPrior1YearDuration1000000JPY
Gain on sale of investments in subsidiaries and associates IFRSCurrentYearDuration-JPY
Gain on remeasurement relating to business combinations IFRSPrior1YearDuration-JPY
Gain on remeasurement relating to business combinations IFRSCurrentYearDuration225000000JPY
Other other income IFRSPrior1YearDuration258000000JPY
Other other income IFRSCurrentYearDuration625000000JPY
Other income IFRSPrior1YearDuration1079000000JPY
Other income IFRSCurrentYearDuration1706000000JPY
Rent cost of investment property other expenses IFRSPrior1YearDuration348000000JPY
Rent cost of investment property other expenses IFRSCurrentYearDuration306000000JPY
Impairment losses pl IFRSPrior1YearDuration2392000000JPY
Impairment losses pl IFRSCurrentYearDuration1549000000JPY
Other other expenses IFRSPrior1YearDuration33000000JPY
Other other expenses IFRSCurrentYearDuration99000000JPY
Other expenses IFRSPrior1YearDuration2773000000JPY
Other expenses IFRSCurrentYearDuration1954000000JPY
Financial assets measured at amortized cost interest income IFRSPrior1YearDuration7000000JPY
Financial assets measured at amortized cost interest income IFRSCurrentYearDuration35000000JPY
Equity instruments designated as measured at fair value through other comprehensive income dividend income IFRSPrior1YearDuration43000000JPY
Equity instruments designated as measured at fair value through other comprehensive income dividend income IFRSCurrentYearDuration47000000JPY
Financial assets measured at fair value through profit or loss gain on investments in securities IFRSPrior1YearDuration782000000JPY
Financial assets measured at fair value through profit or loss gain on investments in securities IFRSCurrentYearDuration-JPY
Foreign exchange gain IFRSPrior1YearDuration907000000JPY
Foreign exchange gain IFRSCurrentYearDuration-JPY
Other finance income IFRSPrior1YearDuration0JPY
Other finance income IFRSCurrentYearDuration0JPY
Finance income IFRSPrior1YearDuration1740000000JPY
Finance income IFRSCurrentYearDuration83000000JPY

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