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
Assets	CurrentYearInstant_NonConsolidatedMember	24837000000	JPY
Accounts payable trade	Prior1YearInstant_NonConsolidatedMember	1116000000	JPY
Accounts payable trade	CurrentYearInstant_NonConsolidatedMember	547000000	JPY
Short term loans payable	Prior1YearInstant_NonConsolidatedMember	11790000000	JPY
Short term loans payable	CurrentYearInstant_NonConsolidatedMember	11122000000	JPY
Current portion of long term loans payable	Prior1YearInstant_NonConsolidatedMember	11000000	JPY
Current portion of long term loans payable	CurrentYearInstant_NonConsolidatedMember	－	JPY
Lease obligations cl	Prior1YearInstant_NonConsolidatedMember	36000000	JPY
Lease obligations cl	CurrentYearInstant_NonConsolidatedMember	39000000	JPY
Accounts payable other	Prior1YearInstant_NonConsolidatedMember	621000000	JPY
Accounts payable other	CurrentYearInstant_NonConsolidatedMember	665000000	JPY
Accrued expenses	Prior1YearInstant_NonConsolidatedMember	57000000	JPY
Accrued expenses	CurrentYearInstant_NonConsolidatedMember	76000000	JPY
Income taxes payable	Prior1YearInstant_NonConsolidatedMember	0	JPY
Income taxes payable	CurrentYearInstant_NonConsolidatedMember	－	JPY
Accrued consumption taxes	Prior1YearInstant_NonConsolidatedMember	－	JPY
Accrued consumption taxes	CurrentYearInstant_NonConsolidatedMember	108000000	JPY
Advances received	Prior1YearInstant_NonConsolidatedMember	29000000	JPY
Advances received	CurrentYearInstant_NonConsolidatedMember	41000000	JPY
Deposits received	Prior1YearInstant_NonConsolidatedMember	354000000	JPY
Deposits received	CurrentYearInstant_NonConsolidatedMember	323000000	JPY
Provision for bonuses	Prior1YearInstant_NonConsolidatedMember	45000000	JPY
Provision for bonuses	CurrentYearInstant_NonConsolidatedMember	72000000	JPY
Provision for repairs	Prior1YearInstant_NonConsolidatedMember	120000000	JPY
Provision for repairs	CurrentYearInstant_NonConsolidatedMember	－	JPY
Current liabilities	Prior1YearInstant_NonConsolidatedMember	14183000000	JPY
Current liabilities	CurrentYearInstant_NonConsolidatedMember	12996000000	JPY
Long term loans payable	Prior1YearInstant_NonConsolidatedMember	5079000000	JPY
Long term loans payable	CurrentYearInstant_NonConsolidatedMember	3601000000	JPY
Lease obligations ncl	Prior1YearInstant_NonConsolidatedMember	374000000	JPY
Lease obligations ncl	CurrentYearInstant_NonConsolidatedMember	355000000	JPY
Deferred tax liabilities for land revaluation	Prior1YearInstant_NonConsolidatedMember	2891000000	JPY
Deferred tax liabilities for land revaluation	CurrentYearInstant_NonConsolidatedMember	2962000000	JPY
Provision for retirement benefits	Prior1YearInstant_NonConsolidatedMember	12000000	JPY
Provision for retirement benefits	CurrentYearInstant_NonConsolidatedMember	13000000	JPY
Provision for special repairs	Prior1YearInstant_NonConsolidatedMember	－	JPY
Provision for special repairs	CurrentYearInstant_NonConsolidatedMember	35000000	JPY
Other ncl	Prior1YearInstant_NonConsolidatedMember	76000000	JPY
Other ncl	CurrentYearInstant_NonConsolidatedMember	42000000	JPY
Noncurrent liabilities	Prior1YearInstant_NonConsolidatedMember	8433000000	JPY
Noncurrent liabilities	CurrentYearInstant_NonConsolidatedMember	7011000000	JPY
Liabilities	Prior1YearInstant_NonConsolidatedMember	22617000000	JPY
Liabilities	CurrentYearInstant_NonConsolidatedMember	20007000000	JPY
Capital stock	Prior1YearInstant_NonConsolidatedMember	100000000	JPY
Capital stock	CurrentYearInstant_NonConsolidatedMember	100000000	JPY
Other capital surplus	Prior1YearInstant_NonConsolidatedMember	65000000	JPY
Other capital surplus	CurrentYearInstant_NonConsolidatedMember	65000000	JPY
Capital surplus	Prior1YearInstant_NonConsolidatedMember	65000000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	65000000	JPY
Legal retained earnings	Prior1YearInstant_NonConsolidatedMember	265000000	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