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
Carrying amount shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant194000000JPY
Number of issues shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant2
Carrying amount shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant2763000000JPY
Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-
Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-JPY
Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-
Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-JPY
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1000000JPY
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration0JPY
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row1Member1009500
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row1Member1009500
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row1Member2698000000JPY
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row1Member3069000000JPY
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row2Member180000
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row2Member180000
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row2Member65000000JPY
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row2Member99000000JPY
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row3Member-
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row3Member100
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row3Member-JPY
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row3Member0JPY
Cash and cash equivalents IFRSPrior1YearInstant49571000000JPY
Cash and cash equivalents IFRSCurrentYearInstant56354000000JPY
Trade and other receivables ca IFRSPrior1YearInstant30154000000JPY
Trade and other receivables ca IFRSCurrentYearInstant30538000000JPY
Inventories ca IFRSPrior1YearInstant428000000JPY
Inventories ca IFRSCurrentYearInstant376000000JPY
Operational investment securities ca IFRSPrior1YearInstant69569000000JPY
Operational investment securities ca IFRSCurrentYearInstant54940000000JPY
Other financial assets ca IFRSPrior1YearInstant279000000JPY
Other financial assets ca IFRSCurrentYearInstant292000000JPY
Income taxes receivable ca IFRSPrior1YearInstant1204000000JPY
Income taxes receivable ca IFRSCurrentYearInstant575000000JPY
Other current assets ca IFRSPrior1YearInstant890000000JPY
Other current assets ca IFRSCurrentYearInstant1370000000JPY
Current assets IFRSPrior1YearInstant152094000000JPY
Current assets IFRSCurrentYearInstant144446000000JPY
Property plant and equipment IFRSPrior1YearInstant14990000000JPY
Property plant and equipment IFRSCurrentYearInstant13163000000JPY
Goodwill IFRSPrior1YearInstant6964000000JPY
Goodwill IFRSCurrentYearInstant8030000000JPY
Intangible assets IFRSPrior1YearInstant5625000000JPY
Intangible assets IFRSCurrentYearInstant7316000000JPY
Investment property IFRSPrior1YearInstant1912000000JPY
Investment property IFRSCurrentYearInstant1872000000JPY
Investments accounted for using equity method IFRSPrior1YearInstant33965000000JPY
Investments accounted for using equity method IFRSCurrentYearInstant37643000000JPY
Other financial assets nca IFRSPrior1YearInstant14974000000JPY

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