Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 149

Metric	Value	Period	Scope	Source row
Revenue	¥19.8bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥22.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥21.7bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥38.5bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥27.9bn	2021-01-01 → 2021-12-31^v	Cons.	Net sales (5-year summary)
Operating income	¥1.2bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥2.2bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥680m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥1.7bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥785m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥2.3bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥467m	2021-01-01 → 2021-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥620m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥1.7bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥697m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.8bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥1.2bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥2.4bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥444m	2021-01-01 → 2021-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥697m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥1.8bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥27.3bn	at 2025-12-31	Cons.	Assets
Total assets	¥29.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥30.0bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥33.2bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥33.6bn	at 2021-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥20.9bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥24.1bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥6.4bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥5.7bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥3.8bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥5.4bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥7.7bn	at 2021-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.7bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.3bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.8bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.6bn	at 2021-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥3.7bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥666m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥596m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥149m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥495m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥339m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥680m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥2.7bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.4bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥2.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥198m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥35.33	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥89.96	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-61.87	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-119.92	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥22.5	2021-01-01 → 2021-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥27.99	2025-01-01 → 2025-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥58.65	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥322.97	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥287.3	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥191.61	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥273.16	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥392.14	at 2021-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	23.4%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	19.1%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	12.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	16.3%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	23.1%	at 2021-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	11.6%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	37.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-26.6%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	-36.0%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.9%	2021-01-01 → 2021-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	272	at 2025-12-31	Cons.	Number of employees
Employees	268	at 2024-12-31	Cons.	Number of employees
Employees	270	at 2023-12-31^v	Cons.	Number of employees
Employees	295	at 2022-12-31^v	Cons.	Number of employees
Employees	291	at 2021-12-31^v	Cons.	Number of employees
Revenue	¥18.2bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥20.5bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥20.8bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥37.4bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥27.2bn	2021-01-01 → 2021-12-31^v	Standalone	Net sales (5-year summary)
Operating income	¥749m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥1.8bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥505m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥1.3bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥1.2bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥2.5bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥379m	2021-01-01 → 2021-12-31^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥444m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥1.3bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥567m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥1.4bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥1.6bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥2.6bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥347m	2021-01-01 → 2021-12-31^v	Standalone	Net income loss (5-year summary)
Total assets	¥24.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥26.9bn	at 2024-12-31	Standalone	Assets
Total assets	¥27.9bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥31.2bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥32.1bn	at 2021-12-31^v	Standalone	Total assets (5-year summary)
Total liabilities	¥20.0bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥22.6bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥4.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥3.0bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥7.7bn	at 2021-12-31^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.3bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.1bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥28.75	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥70.03	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-82.37	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-132.55	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥17.61	2021-01-01 → 2021-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥24.04	2025-01-01 → 2025-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥47.21	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥2.5	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥2.5	2021-01-01 → 2021-12-31^v	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥244.55	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥219.41	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥149.38	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥253.89	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥387.67	at 2021-12-31^v	Standalone	Net assets per share (5-year summary)
Equity ratio	19.4%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	16.1%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	10.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	16.1%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	23.9%	at 2021-12-31^v	Standalone	Equity to asset ratio (5-year summary)
ROE	12.4%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	38.0%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-40.9%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	-41.3%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	4.7%	2021-01-01 → 2021-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	22,400,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,400,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,400,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,400,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	22,400,000	at 2021-12-31^v	Standalone	Total number of issued shares (5-year summary)
Employees	222	at 2025-12-31	Standalone	Number of employees
Employees	219	at 2024-12-31	Standalone	Number of employees
Employees	221	at 2023-12-31^v	Standalone	Number of employees
Employees	245	at 2022-12-31^v	Standalone	Number of employees
Employees	241	at 2021-12-31^v	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 · 1,384

Item	Context	Value	Unit
Foreign exchange losses gains ope cf	Prior1YearDuration	40000000	JPY
Foreign exchange losses gains ope cf	CurrentYearDuration	1000000	JPY
Insurance income ope cf	Prior1YearDuration	-1000000	JPY
Insurance income ope cf	CurrentYearDuration	-7000000	JPY
Loss gain on sales of noncurrent assets ope cf	Prior1YearDuration	-0	JPY
Loss gain on sales of noncurrent assets ope cf	CurrentYearDuration	－	JPY
Impairment loss ope cf	Prior1YearDuration	17000000	JPY
Impairment loss ope cf	CurrentYearDuration	47000000	JPY
Subsidy income ope cf	Prior1YearDuration	-6000000	JPY
Subsidy income ope cf	CurrentYearDuration	-8000000	JPY
Loss on retirement of noncurrent assets ope cf	Prior1YearDuration	11000000	JPY
Loss on retirement of noncurrent assets ope cf	CurrentYearDuration	21000000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	519000000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	349000000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-565000000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	2312000000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	-123000000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-518000000	JPY
Increase decrease in accounts payable other ope cf	Prior1YearDuration	-234000000	JPY
Increase decrease in accounts payable other ope cf	CurrentYearDuration	-89000000	JPY
Decrease increase in consumption taxes receivable payable ope cf	Prior1YearDuration	345000000	JPY
Decrease increase in consumption taxes receivable payable ope cf	CurrentYearDuration	103000000	JPY
Other net ope cf	Prior1YearDuration	-72000000	JPY
Other net ope cf	CurrentYearDuration	46000000	JPY
Subtotal ope cf	Prior1YearDuration	3152000000	JPY
Subtotal ope cf	CurrentYearDuration	4235000000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	30000000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	25000000	JPY
Proceeds from insurance income ope cf	Prior1YearDuration	1000000	JPY
Proceeds from insurance income ope cf	CurrentYearDuration	7000000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-206000000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-566000000	JPY
Income taxes paid refund ope cf	Prior1YearDuration	-34000000	JPY
Income taxes paid refund ope cf	CurrentYearDuration	-15000000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	2943000000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	3686000000	JPY
Purchase of property plant and equipment and intangible assets inv cf	Prior1YearDuration	-151000000	JPY
Purchase of property plant and equipment and intangible assets inv cf	CurrentYearDuration	-500000000	JPY
Proceeds from sales of property plant and equipment inv cf	Prior1YearDuration	0	JPY
Proceeds from sales of property plant and equipment inv cf	CurrentYearDuration	－	JPY
Proceeds from subsidy income inv cf	Prior1YearDuration	6000000	JPY
Proceeds from subsidy income inv cf	CurrentYearDuration	8000000	JPY
Other net inv cf	Prior1YearDuration	-4000000	JPY
Other net inv cf	CurrentYearDuration	-104000000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-149000000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-596000000	JPY
Net increase decrease in short term loans payable fin cf	Prior1YearDuration	-2306000000	JPY
Net increase decrease in short term loans payable fin cf	CurrentYearDuration	-1178000000	JPY
Proceeds from long term loans payable fin cf	Prior1YearDuration	30000000	JPY
Proceeds from long term loans payable fin cf	CurrentYearDuration	－	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 rounding
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass
balance sheet identity	non_consolidated 2025-12-31	pass rounding
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