Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100XVWV (2026-03-31).

Key figures · 137

Metric	Value	Period	Scope	Source row
Revenue	¥981m	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥1.4bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥1.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥1.5bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥391m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥282m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥382m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥287m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥167m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥56m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥175m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥332m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥581m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥336m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥586m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥203m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥72m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥182m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥336m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥586m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥1.4bn	at 2025-12-31	Cons.	Assets
Total assets	¥1.9bn	at 2024-12-31	Cons.	Assets
Total assets	¥1.5bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥1.7bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥977m	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥191m	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥315m	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥1.2bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥1.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥1.3bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥310m	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.2bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.2bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.3bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥912m	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.4bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥787m	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥110m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥479m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥184m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥160m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥115m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥44m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥72m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥289m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥81m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥12m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥47m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥911m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥840m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥843m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-27.41	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-51.57	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-19.8	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥8.22	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-25.4	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥7.51	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥99.81	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥127.27	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥110.58	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥126.97	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥36.77	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	86.5%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.2%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	77.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	72.8%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	31.7%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	9.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	126	at 2025-12-31	Cons.	Number of employees
Employees	144	at 2024-12-31	Cons.	Number of employees
Employees	145	at 2023-12-31^v	Cons.	Number of employees
Employees	124	at 2022-12-31^v	Cons.	Number of employees
Employees	111	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥943m	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥1.2bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥1.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.3bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.1bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥383m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥252m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥351m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥279m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥180m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥30m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥150m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥332m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥541m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥336m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥545m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥207m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥62m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥207m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.4bn	at 2025-12-31	Standalone	Assets
Total assets	¥1.9bn	at 2024-12-31	Standalone	Assets
Total assets	¥1.4bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.7bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥948m	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥192m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥295m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥1.2bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥1.6bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥282m	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.2bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.2bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-27.41	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-47.98	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-20.15	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥7.17	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-29	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥6.55	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥99.81	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥127.27	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥106.65	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥123.23	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥33.45	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	86.4%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	84.1%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	78.4%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	73.1%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	29.7%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	8.3%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	12,264,800	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,260,240	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	10,359,160	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	9,923,220	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	421,161	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	126	at 2025-12-31	Standalone	Number of employees
Employees	131	at 2024-12-31	Standalone	Number of employees
Employees	127	at 2023-12-31^v	Standalone	Number of employees
Employees	108	at 2022-12-31^v	Standalone	Number of employees
Employees	96	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 · 1,213

Item	Context	Value	Unit
Work in process	CurrentYearInstant_NonConsolidatedMember	1165000	JPY
Prepaid expenses	Prior1YearInstant_NonConsolidatedMember	37821000	JPY
Prepaid expenses	CurrentYearInstant_NonConsolidatedMember	40038000	JPY
Other ca	Prior1YearInstant_NonConsolidatedMember	11049000	JPY
Other ca	CurrentYearInstant_NonConsolidatedMember	8120000	JPY
Current assets	Prior1YearInstant_NonConsolidatedMember	1719433000	JPY
Current assets	CurrentYearInstant_NonConsolidatedMember	1311444000	JPY
Buildings	Prior1YearInstant_NonConsolidatedMember	6666000	JPY
Buildings	CurrentYearInstant_NonConsolidatedMember	3756000	JPY
Accumulated depreciation buildings	Prior1YearInstant_NonConsolidatedMember	-6666000	JPY
Accumulated depreciation buildings	CurrentYearInstant_NonConsolidatedMember	-3756000	JPY
Buildings net	Prior1YearInstant_NonConsolidatedMember	－	JPY
Buildings net	CurrentYearInstant_NonConsolidatedMember	－	JPY
Tools furniture and fixtures	Prior1YearInstant_NonConsolidatedMember	33100000	JPY
Tools furniture and fixtures	CurrentYearInstant_NonConsolidatedMember	33494000	JPY
Accumulated depreciation tools furniture and fixtures	Prior1YearInstant_NonConsolidatedMember	-33100000	JPY
Accumulated depreciation tools furniture and fixtures	CurrentYearInstant_NonConsolidatedMember	-33494000	JPY
Tools furniture and fixtures net	Prior1YearInstant_NonConsolidatedMember	－	JPY
Tools furniture and fixtures net	CurrentYearInstant_NonConsolidatedMember	－	JPY
Lease assets ppe	Prior1YearInstant_NonConsolidatedMember	1320000	JPY
Lease assets ppe	CurrentYearInstant_NonConsolidatedMember	1176000	JPY
Accumulated depreciation lease assets ppe	Prior1YearInstant_NonConsolidatedMember	-1320000	JPY
Accumulated depreciation lease assets ppe	CurrentYearInstant_NonConsolidatedMember	-1176000	JPY
Lease assets net ppe	Prior1YearInstant_NonConsolidatedMember	－	JPY
Lease assets net ppe	CurrentYearInstant_NonConsolidatedMember	－	JPY
Property plant and equipment	Prior1YearInstant_NonConsolidatedMember	－	JPY
Property plant and equipment	CurrentYearInstant_NonConsolidatedMember	－	JPY
Stocks of subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	14906000	JPY
Stocks of subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	7171000	JPY
Investments in capital	Prior1YearInstant_NonConsolidatedMember	100000	JPY
Investments in capital	CurrentYearInstant_NonConsolidatedMember	100000	JPY
Long term loans receivable from subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	71000000	JPY
Long term loans receivable from subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	30000000	JPY
Long term prepaid expenses	Prior1YearInstant_NonConsolidatedMember	2507000	JPY
Long term prepaid expenses	CurrentYearInstant_NonConsolidatedMember	662000	JPY
Long term accounts receivable other	Prior1YearInstant_NonConsolidatedMember	26678000	JPY
Long term accounts receivable other	CurrentYearInstant_NonConsolidatedMember	19011000	JPY
Other ioa	Prior1YearInstant_NonConsolidatedMember	43315000	JPY
Other ioa	CurrentYearInstant_NonConsolidatedMember	47882000	JPY
Allowance for doubtful accounts ioa by group	Prior1YearInstant_NonConsolidatedMember	-23004000	JPY
Allowance for doubtful accounts ioa by group	CurrentYearInstant_NonConsolidatedMember	－	JPY
Investments and other assets	Prior1YearInstant_NonConsolidatedMember	135502000	JPY
Investments and other assets	CurrentYearInstant_NonConsolidatedMember	104828000	JPY
Noncurrent assets	Prior1YearInstant_NonConsolidatedMember	135502000	JPY
Noncurrent assets	CurrentYearInstant_NonConsolidatedMember	104828000	JPY
Assets	Prior1YearInstant_NonConsolidatedMember	1854936000	JPY
Assets	CurrentYearInstant_NonConsolidatedMember	1416273000	JPY
Accounts payable trade	Prior1YearInstant_NonConsolidatedMember	50033000	JPY
Accounts payable trade	CurrentYearInstant_NonConsolidatedMember	3751000	JPY
Current portion of long term loans payable	Prior1YearInstant_NonConsolidatedMember	46919000	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