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
Cash flows from used in financing activities IFRS (5-year summary)CurrentYearDuration-14914000000JPY
Cash and cash equivalents IFRS (5-year summary)Prior4YearInstant37989000000JPY
Cash and cash equivalents IFRS (5-year summary)Prior3YearInstant43415000000JPY
Cash and cash equivalents IFRS (5-year summary)Prior2YearInstant53335000000JPY
Cash and cash equivalents IFRS (5-year summary)Prior1YearInstant49571000000JPY
Cash and cash equivalents IFRS (5-year summary)CurrentYearInstant56354000000JPY
Number of employeesPrior4YearInstant898
Number of employeesPrior3YearInstant932
Number of employeesPrior2YearInstant955
Number of employeesPrior1YearInstant1087
Number of employeesCurrentYearInstant1321
Average number of temporary workersPrior4YearInstant46
Average number of temporary workersPrior3YearInstant58
Average number of temporary workersPrior2YearInstant62
Average number of temporary workersPrior1YearInstant53
Average number of temporary workersCurrentYearInstant95
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember34832000000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember7932000000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember7642000000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember8114000000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember8833000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember1126000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember466000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember4672000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember2905000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember1482000000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember1084000000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-383000000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember7141000000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember2655000000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember-715000000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember7637000000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember7692000000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember7830000000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember7846000000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember7888000000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember47441900
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember47482800
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember47607500
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember47619100
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember47650900
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember24291000000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember27321000000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember27046000000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember31844000000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember24566000000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember77074000000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember82522000000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember84335000000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember101387000000JPY

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