Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100XZ4Q (2026-04-15).

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥52.9bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥51.3bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥47.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥45.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥41.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥5.7bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥6.8bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥5.5bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥7.0bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥5.6bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥7.8bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥7.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥4.9bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥7.0bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥3.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥5.0bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥4.0bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥5.6bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥5.1bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥3.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥5.0bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥57.8bn	at 2025-12-31	Cons.	Assets
Total assets	¥58.9bn	at 2024-12-31	Cons.	Assets
Total assets	¥53.4bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥52.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥48.2bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥8.7bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥10.1bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥49.1bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥48.8bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥45.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥44.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥40.2bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥11.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥13.8bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥11.5bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥13.8bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥11.3bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥12.3bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥13.3bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥5.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥7.6bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥4.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥5.0bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥6.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥3.0bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.5bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥3.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥3.9bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥4.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥4.9bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥2.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.9bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥106.26	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥154.12	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥122.99	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥171.49	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥157.17	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,543.67	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,499.2	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,411.56	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,352.52	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,236.41	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	84.9%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	82.9%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	86.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.4%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	7.0%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	10.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	8.9%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.4%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,237	at 2025-12-31	Cons.	Number of employees
Employees	1,188	at 2024-12-31	Cons.	Number of employees
Employees	1,140	at 2023-12-31^v	Cons.	Number of employees
Employees	1,097	at 2022-12-31^v	Cons.	Number of employees
Employees	1,038	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥47.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥45.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥42.5bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥41.8bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥39.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥5.0bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥6.1bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥5.5bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥6.4bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥4.9bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥8.0bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥6.9bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥4.3bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥6.4bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥3.1bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥4.8bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥3.2bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥5.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥5.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥49.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥52.6bn	at 2024-12-31	Standalone	Assets
Total assets	¥48.4bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥49.5bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥45.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥8.0bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥9.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥41.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥43.1bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥41.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥41.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥38.1bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥6.5bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥9.0bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥95.27	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥146.68	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥99.37	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥170.16	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥153.38	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥88	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥88	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥88	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥86	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥68	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,316.26	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,324.6	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,273.65	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,268.22	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,172.79	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	84.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	82.1%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	85.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	83.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	83.4%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	7.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	11.3%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.9%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	32,305,534	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	941	at 2025-12-31	Standalone	Number of employees
Employees	904	at 2024-12-31	Standalone	Number of employees
Employees	870	at 2023-12-31^v	Standalone	Number of employees
Employees	842	at 2022-12-31^v	Standalone	Number of employees
Employees	810	at 2021-12-31^d	Standalone	Number 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.

All source rows · 1,368

Item	Context	Value	Unit
Total changes of items during the period	CurrentYearDuration	241671000	JPY
Net assets	CurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember	－	JPY
Net assets	CurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember	3738003000	JPY
Net assets	CurrentYearInstant_RemeasurementsOfDefinedBenefitPlansMember	1038902000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	4776906000	JPY
Net assets	CurrentYearInstant	49058760000	JPY
Income before income taxes	Prior1YearDuration	6968372000	JPY
Income before income taxes	CurrentYearDuration	4926485000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	2289076000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	2317284000	JPY
Increase decrease in allowance for doubtful accounts ope cf	Prior1YearDuration	-6693000	JPY
Increase decrease in allowance for doubtful accounts ope cf	CurrentYearDuration	275882000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	26956000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	13265000	JPY
Increase decrease in net defined benefit asset ope cf	Prior1YearDuration	-98391000	JPY
Increase decrease in net defined benefit asset ope cf	CurrentYearDuration	-118446000	JPY
Increase decrease in net defined benefit liability ope cf	Prior1YearDuration	793000	JPY
Increase decrease in net defined benefit liability ope cf	CurrentYearDuration	3246000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-41425000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-30632000	JPY
Equity in earnings losses of affiliates ope cf	Prior1YearDuration	11052000	JPY
Equity in earnings losses of affiliates ope cf	CurrentYearDuration	29639000	JPY
Foreign exchange losses gains ope cf	Prior1YearDuration	-135585000	JPY
Foreign exchange losses gains ope cf	CurrentYearDuration	-41627000	JPY
Loss gain on sales of investment securities ope cf	Prior1YearDuration	-19284000	JPY
Loss gain on sales of investment securities ope cf	CurrentYearDuration	－	JPY
Loss gain on valuation of investment securities ope cf	Prior1YearDuration	－	JPY
Loss gain on valuation of investment securities ope cf	CurrentYearDuration	806180000	JPY
Loss gain on sales of noncurrent assets ope cf	Prior1YearDuration	－	JPY
Loss gain on sales of noncurrent assets ope cf	CurrentYearDuration	-291704000	JPY
Loss on retirement of noncurrent assets ope cf	Prior1YearDuration	19339000	JPY
Loss on retirement of noncurrent assets ope cf	CurrentYearDuration	14750000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-646187000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	101483000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-1053494000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	-123484000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	474355000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-47682000	JPY
Other net ope cf	Prior1YearDuration	908661000	JPY
Other net ope cf	CurrentYearDuration	-367699000	JPY
Subtotal ope cf	Prior1YearDuration	8697545000	JPY
Subtotal ope cf	CurrentYearDuration	7466942000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	40369000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	29183000	JPY
Income taxes paid ope cf	Prior1YearDuration	-1112055000	JPY
Income taxes paid ope cf	CurrentYearDuration	-2112165000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	7625859000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	5383960000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-2194486000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-2948364000	JPY

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 · 24 of 24 passed

balance sheet identity	consolidated 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass