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
Number of employees	CurrentYearInstant_NonConsolidatedMember	222
Total shareholder return	Prior4YearInstant_NonConsolidatedMember	1.075
Total shareholder return	Prior3YearInstant_NonConsolidatedMember	0.733
Total shareholder return	Prior2YearInstant_NonConsolidatedMember	0.756
Total shareholder return	Prior1YearInstant_NonConsolidatedMember	1.483
Total shareholder return	CurrentYearInstant_NonConsolidatedMember	1.083
Total return on share price index	Prior4YearInstant_NonConsolidatedMember	1.127
Total return on share price index	Prior3YearInstant_NonConsolidatedMember	1.100
Total return on share price index	Prior2YearInstant_NonConsolidatedMember	1.411
Total return on share price index	Prior1YearInstant_NonConsolidatedMember	1.699
Total return on share price index	CurrentYearInstant_NonConsolidatedMember	2.132
Number of employees	CurrentYearInstant	272
Number of employees	CurrentYearInstant_NonConsolidatedMember	222
Average age years information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	43
Average age months information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	6
Average length of service years information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	18
Average length of service months information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	4
Average annual salary information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	6724000	JPY
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row1Member	13
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row1Member	10.5
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row2Member	80
Performance description of metrics related to policy on development of human resources and internal environment and targets and performance using such metrics	CurrentYearInstant_Row2Member	75.0
Research and development expenses research and development activities	CurrentYearDuration	135000000	JPY
Capital expenditures overview of capital expenditures etc	CurrentYearDuration	541000000	JPY
Number of issued shares as of fiscal year end issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	22400000
Number of issued shares as of filing date issued shares total number of shares etc	FilingDateInstant_OrdinaryShareMember	22400000
Number of issued shares as of fiscal year end issued shares total number of shares etc	FilingDateInstant	22400000
Number of issued shares as of filing date issued shares total number of shares etc	FilingDateInstant	22400000
Number of shares constituting one unit	CurrentYearInstant_OrdinaryShareMember	100
Number of shareholders national and local governments	CurrentYearInstant_OrdinaryShareMember	1
Number of shareholders financial institutions	CurrentYearInstant_OrdinaryShareMember	10
Number of shareholders financial service providers	CurrentYearInstant_OrdinaryShareMember	19
Number of shareholders other corporations	CurrentYearInstant_OrdinaryShareMember	37
Number of shareholders foreign investors other than individuals	CurrentYearInstant_OrdinaryShareMember	24
Number of shareholders foreign individual investors	CurrentYearInstant_OrdinaryShareMember	6
Number of shareholders individuals and others	CurrentYearInstant_OrdinaryShareMember	3297
Number of shareholders total	CurrentYearInstant_OrdinaryShareMember	3394
Number of shares held number of units national and local governments	CurrentYearInstant_OrdinaryShareMember	10
Number of shares held number of units financial institutions	CurrentYearInstant_OrdinaryShareMember	27029
Number of shares held number of units financial service providers	CurrentYearInstant_OrdinaryShareMember	14299
Number of shares held number of units other corporations	CurrentYearInstant_OrdinaryShareMember	49925
Number of shares held number of units foreign investors other than individuals	CurrentYearInstant_OrdinaryShareMember	5044
Number of shares held number of units foreign individual investors	CurrentYearInstant_OrdinaryShareMember	49
Number of shares held number of units individuals and others	CurrentYearInstant_OrdinaryShareMember	127584
Number of shares held number of units total	CurrentYearInstant_OrdinaryShareMember	223940
Number of shares held shares less than one unit	CurrentYearInstant_OrdinaryShareMember	6000
Percentage of shareholdings national and local governments	CurrentYearInstant_OrdinaryShareMember	0.0000
Percentage of shareholdings financial institutions	CurrentYearInstant_OrdinaryShareMember	0.1207
Percentage of shareholdings financial service providers	CurrentYearInstant_OrdinaryShareMember	0.0639
Percentage of shareholdings other corporations	CurrentYearInstant_OrdinaryShareMember	0.2229

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