Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-23
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 150
MetricValuePeriodScopeSource row
Revenue¥41.0bn2025-04-01 → 2026-03-31Cons.Revenue2 IFRS
Revenue¥38.3bn2024-04-01 → 2025-03-31Cons.Revenue2 IFRS
Profit before tax¥3.0bn2025-04-01 → 2026-03-31Cons.Profit loss before tax IFRS
Profit before tax−¥10.2bn2024-04-01 → 2025-03-31Cons.Profit loss before tax IFRS
Profit before tax¥6.3bn2023-04-01 → 2024-03-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax−¥13.9bn2022-04-01 → 2023-03-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥45.4bn2021-04-01 → 2022-03-31vCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥1.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent IFRS
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 → 2024-03-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)−¥9.1bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥30.3bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥1.1bn2025-04-01 → 2026-03-31Cons.Profit loss IFRS
Net income−¥7.5bn2024-04-01 → 2025-03-31Cons.Profit loss IFRS
Total assets¥218.7bnat 2026-03-31Cons.Assets IFRS
Total assets¥226.3bnat 2025-03-31Cons.Assets IFRS
Total assets¥231.4bnat 2024-03-31vCons.Total assets IFRS (5-year summary)
Total assets¥216.3bnat 2023-03-31vCons.Total assets IFRS (5-year summary)
Total assets¥231.6bnat 2022-03-31vCons.Total assets IFRS (5-year summary)
Total liabilities¥141.0bnat 2026-03-31Cons.Liabilities IFRS
Total liabilities¥148.6bnat 2025-03-31Cons.Liabilities IFRS
Net assets / equity¥77.7bnat 2026-03-31Cons.Equity IFRS
Net assets / equity¥77.7bnat 2025-03-31Cons.Equity IFRS
Net assets / equity¥92.1bnat 2024-03-31vCons.Equity IFRS
Equity (owners)¥75.6bnat 2026-03-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥75.4bnat 2025-03-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥89.3bnat 2024-03-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥80.0bnat 2023-03-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥95.7bnat 2022-03-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥40.5bnat 2026-03-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥56.4bnat 2025-03-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥49.6bnat 2024-03-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥53.3bnat 2023-03-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥43.4bnat 2022-03-31vCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow−¥4.9bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities IFRS
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 → 2024-03-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥13.5bn2022-04-01 → 2023-03-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥7.1bn2021-04-01 → 2022-03-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥7.3bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investing activities IFRS
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 → 2024-03-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow¥1.6bn2022-04-01 → 2023-03-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥8.0bn2021-04-01 → 2022-03-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥3.4bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities IFRS
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 → 2024-03-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥5.2bn2022-04-01 → 2023-03-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥6.2bn2021-04-01 → 2022-03-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥27.962025-04-01 → 2026-03-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥-155.292024-04-01 → 2025-03-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥126.772023-04-01 → 2024-03-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥-193.132022-04-01 → 2023-03-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥654.772021-04-01 → 2022-03-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥27.572025-04-01 → 2026-03-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥-155.292024-04-01 → 2025-03-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥125.312023-04-01 → 2024-03-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-193.132022-04-01 → 2023-03-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥592.362021-04-01 → 2022-03-31vCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥1,645.8at 2026-03-31Cons.Equity to asset ratio 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 2024-03-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,737.03at 2023-03-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥2,033at 2022-03-31vCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio34.6%at 2026-03-31Cons.Ratio of owners equity to gross assets 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 2024-03-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio37.0%at 2023-03-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio41.3%at 2022-03-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE1.7%2025-04-01 → 2026-03-31Cons.Rate of return on equity 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 → 2024-03-31vCons.Rate of return on equity IFRS (5-year summary)
ROE-10.3%2022-04-01 → 2023-03-31vCons.Rate of return on equity IFRS (5-year summary)
ROE38.4%2021-04-01 → 2022-03-31vCons.Rate of return on equity IFRS (5-year summary)
Employees1,383at 2026-03-31Cons.Number of employees
Employees1,321at 2025-03-31Cons.Number of employees
Employees1,087at 2024-03-31vCons.Number of employees
Employees955at 2023-03-31vCons.Number of employees
Employees932at 2022-03-31vCons.Number of employees
Revenue¥10.2bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥8.8bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥8.1bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥7.6bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥7.9bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥7.4bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥7.7bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥2.7bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥1.5bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥2.9bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥4.7bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥466m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.1bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax−¥2.5bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥2.4bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income−¥715m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥2.7bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥7.1bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥383m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥96.7bnat 2026-03-31StandaloneAssets
Total assets¥93.5bnat 2025-03-31StandaloneAssets
Total assets¥101.4bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥84.3bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥82.5bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥71.7bnat 2026-03-31StandaloneLiabilities
Total liabilities¥69.0bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥25.0bnat 2026-03-31StandaloneNet assets
Net assets / equity¥24.6bnat 2025-03-31StandaloneNet assets
Net assets / equity¥31.8bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥27.0bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥27.3bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥10.6bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥11.2bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥52.162025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-15.442024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥57.962023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥152.372022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-8.272021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥51.442025-04-01 → 2026-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥57.32023-04-01 → 2024-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥136.942022-04-01 → 2023-03-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥472025-04-01 → 2026-03-31StandaloneDividend paid 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 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥372022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥352021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥502.4at 2026-03-31StandaloneNet assets 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 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥557.12at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥550.58at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio23.9%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio24.3%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio29.8%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio30.4%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio31.4%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE10.4%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE-2.7%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE9.5%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE27.7%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE-1.6%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued47,714,532at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,650,900at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,619,100at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued47,607,500at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued47,482,800at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees557at 2026-03-31StandaloneNumber of employees
Employees564at 2025-03-31StandaloneNumber of employees
Employees528at 2024-03-31vStandaloneNumber of employees
Employees471at 2023-03-31vStandaloneNumber of employees
Employees449at 2022-03-31vStandaloneNumber 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 · 2
SegmentItemPeriodValue
Global Investment Incubationreportable segmentemployeesat 2026-03-3161 pure
Global Investment Incubationreportable segmentemployeesat 2026-03-3138 pure

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

All source rows · 1,842
ItemContextValueUnit
Other ss IFRSCurrentYearDuration_EquityAttributableToOwnersOfParentIFRSMember-51000000JPY
Other ss IFRSCurrentYearDuration-51000000JPY
Total transactions with owners IFRSCurrentYearDuration_RetainedEarningsIFRSMember-2433000000JPY
Total transactions with owners IFRSCurrentYearDuration_EquityAttributableToOwnersOfParentIFRSMember-2000000000JPY
Total transactions with owners IFRSCurrentYearDuration_NonControllingInterestsIFRSMember23000000JPY
Total transactions with owners IFRSCurrentYearDuration-1977000000JPY
Equity IFRSCurrentYearInstant_RetainedEarningsIFRSMember65146000000JPY
Equity IFRSCurrentYearInstant_EquityAttributableToOwnersOfParentIFRSMember75584000000JPY
Equity IFRSCurrentYearInstant_NonControllingInterestsIFRSMember2112000000JPY
Equity IFRSCurrentYearInstant77696000000JPY
Profit loss before tax IFRSPrior1YearDuration-10216000000JPY
Profit loss before tax IFRSCurrentYearDuration2966000000JPY
Depreciation and amortization ope cf IFRSPrior1YearDuration4155000000JPY
Depreciation and amortization ope cf IFRSCurrentYearDuration4265000000JPY
Impairment losses reversal of impairment losses ope cf IFRSPrior1YearDuration1549000000JPY
Impairment losses reversal of impairment losses ope cf IFRSCurrentYearDuration181000000JPY
Interest and dividend income ope cf IFRSPrior1YearDuration-83000000JPY
Interest and dividend income ope cf IFRSCurrentYearDuration-140000000JPY
Interest expenses on borrowings and bonds ope cf IFRSPrior1YearDuration397000000JPY
Interest expenses on borrowings and bonds ope cf IFRSCurrentYearDuration659000000JPY
Share of loss profit of investments accounted for using equity method ope cf IFRSPrior1YearDuration-4317000000JPY
Share of loss profit of investments accounted for using equity method ope cf IFRSCurrentYearDuration-3094000000JPY
Loss gain on investment securities ope cf IFRSPrior1YearDuration4116000000JPY
Loss gain on investment securities ope cf IFRSCurrentYearDuration-1021000000JPY
Loss gain on sales of shares of subsidiaries and associates ope cf IFRSPrior1YearDuration-JPY
Loss gain on sales of shares of subsidiaries and associates ope cf IFRSCurrentYearDuration10000000JPY
Decrease increase in trade and other receivables ope cf IFRSPrior1YearDuration4168000000JPY
Decrease increase in trade and other receivables ope cf IFRSCurrentYearDuration-5346000000JPY
Decrease increase in investment securities for sale ope cf IFRSPrior1YearDuration14384000000JPY
Decrease increase in investment securities for sale ope cf IFRSCurrentYearDuration1588000000JPY
Decrease increase in inventories ope cf IFRSPrior1YearDuration52000000JPY
Decrease increase in inventories ope cf IFRSCurrentYearDuration60000000JPY
Increase decrease in trade and other payables ope cf IFRSPrior1YearDuration16790000000JPY
Increase decrease in trade and other payables ope cf IFRSCurrentYearDuration-7339000000JPY
Increase decrease in accrued consumption taxes ope cf IFRSPrior1YearDuration-302000000JPY
Increase decrease in accrued consumption taxes ope cf IFRSCurrentYearDuration171000000JPY
Other changes in working capital ope cf IFRSPrior1YearDuration-153000000JPY
Other changes in working capital ope cf IFRSCurrentYearDuration331000000JPY
Subtotal ope cf IFRSPrior1YearDuration30539000000JPY
Subtotal ope cf IFRSCurrentYearDuration-6710000000JPY
Interest and dividends received ope cf IFRSPrior1YearDuration1779000000JPY
Interest and dividends received ope cf IFRSCurrentYearDuration2959000000JPY
Interest paid ope cf IFRSPrior1YearDuration-376000000JPY
Interest paid ope cf IFRSCurrentYearDuration-643000000JPY
Income taxes refund paid ope cf IFRSPrior1YearDuration-215000000JPY
Income taxes refund paid ope cf IFRSCurrentYearDuration-545000000JPY
Net cash provided by used in operating activities IFRSPrior1YearDuration31726000000JPY
Net cash provided by used in operating activities IFRSCurrentYearDuration-4939000000JPY
Purchase of property plant and equipment inv cf IFRSPrior1YearDuration-595000000JPY
Purchase of property plant and equipment inv cf IFRSCurrentYearDuration-352000000JPY

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 2025-03-31pass
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass