Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 146

Metric	Value	Period	Scope	Source row
Revenue	¥5.1bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥5.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥5.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥5.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥10m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥94m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥6m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥367m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥44m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥14m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥168m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥20m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥523m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥30m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥509m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥108m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥40m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥2.1bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥34m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥504m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥5.6bn	at 2025-12-31	Cons.	Assets
Total assets	¥5.8bn	at 2024-12-31	Cons.	Assets
Total assets	¥7.5bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥8.0bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥8.1bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥3.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥3.5bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥2.3bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥2.3bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥3.4bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥3.5bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥3.3bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.4bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.6bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.4bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.6bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.1bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.5bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.2bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥25m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥233m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥258m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥159m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥369m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥104m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥956m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥486m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥650m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥2.2bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥154m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.8bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥119m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥209m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥920m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-2.11	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.46	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-6.83	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥2.53	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥132.2	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥2.18	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥105.14	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥161.15	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥159.96	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥211.85	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥217.65	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥205	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	40.9%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	39.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	45.1%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	43.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	40.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	18.0%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	1.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	93.7%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	142	at 2025-12-31	Cons.	Number of employees
Employees	148	at 2024-12-31	Cons.	Number of employees
Employees	149	at 2023-12-31^v	Cons.	Number of employees
Employees	160	at 2022-12-31^v	Cons.	Number of employees
Employees	164	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥5.1bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥5.0bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥5.1bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥5.4bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥5.3bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥25m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥87m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥8m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥114m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥113m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥110m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥166m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥5m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥12m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥19m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥31m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥178m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥136m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥969m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥5.6bn	at 2025-12-31	Standalone	Assets
Total assets	¥5.8bn	at 2024-12-31	Standalone	Assets
Total assets	¥7.5bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥8.1bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥8.3bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.3bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥3.5bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥2.3bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥2.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥3.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥3.6bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥3.5bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.3bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.5bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-1.34	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-1.97	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-11.18	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥8.56	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥59.94	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥6.95	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥47.76	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥2.5	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥25	2024-01-01 → 2024-12-31	Standalone	Dividend paid 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	¥5	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥162.3	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥160.34	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥214.48	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥226.44	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥220.98	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	41.4%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	39.7%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	45.4%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	44.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	42.5%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	3.8%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	31.9%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	18,688,540	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	18,688,540	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	18,688,540	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	18,688,540	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	18,688,540	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	142	at 2025-12-31	Standalone	Number of employees
Employees	145	at 2024-12-31	Standalone	Number of employees
Employees	149	at 2023-12-31^v	Standalone	Number of employees
Employees	160	at 2022-12-31^v	Standalone	Number of employees
Employees	164	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 · 1,567

Item	Context	Value	Unit
Non controlling interests	CurrentYearInstant	16202000	JPY
Net assets	Prior1YearInstant	2303753000	JPY
Net assets	CurrentYearInstant	2317080000	JPY
Liabilities and net assets	Prior1YearInstant	5785432000	JPY
Liabilities and net assets	CurrentYearInstant	5619974000	JPY
Net sales	Prior1YearDuration	5040565000	JPY
Net sales	CurrentYearDuration	5064474000	JPY
Cost of sales	Prior1YearDuration	3866654000	JPY
Cost of sales	CurrentYearDuration	3852038000	JPY
Gross profit	Prior1YearDuration	1173910000	JPY
Gross profit	CurrentYearDuration	1212436000	JPY
Selling general and administrative expenses	Prior1YearDuration	1267787000	JPY
Selling general and administrative expenses	CurrentYearDuration	1201980000	JPY
Operating income	Prior1YearDuration	-93877000	JPY
Operating income	CurrentYearDuration	10456000	JPY
Interest income noi	Prior1YearDuration	23945000	JPY
Interest income noi	CurrentYearDuration	6015000	JPY
Dividends income noi	Prior1YearDuration	5529000	JPY
Dividends income noi	CurrentYearDuration	7374000	JPY
Foreign exchange gains noi	Prior1YearDuration	455025000	JPY
Foreign exchange gains noi	CurrentYearDuration	－	JPY
Other noi	Prior1YearDuration	10215000	JPY
Other noi	CurrentYearDuration	4641000	JPY
Non operating income	Prior1YearDuration	494716000	JPY
Non operating income	CurrentYearDuration	18030000	JPY
Interest expenses noe	Prior1YearDuration	18210000	JPY
Interest expenses noe	CurrentYearDuration	23900000	JPY
Interest on bonds noe	Prior1YearDuration	1197000	JPY
Interest on bonds noe	CurrentYearDuration	336000	JPY
Commission fee noe	Prior1YearDuration	7175000	JPY
Commission fee noe	CurrentYearDuration	－	JPY
Foreign exchange losses noe	Prior1YearDuration	－	JPY
Foreign exchange losses noe	CurrentYearDuration	4139000	JPY
Other noe	Prior1YearDuration	7439000	JPY
Other noe	CurrentYearDuration	6032000	JPY
Non operating expenses	Prior1YearDuration	34022000	JPY
Non operating expenses	CurrentYearDuration	34409000	JPY
Ordinary income	Prior1YearDuration	366816000	JPY
Ordinary income	CurrentYearDuration	-5922000	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration	331614000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration	－	JPY
Gain on sales of subsidiaries stocks ei	Prior1YearDuration	50101000	JPY
Gain on sales of subsidiaries stocks ei	CurrentYearDuration	－	JPY
Extraordinary income	Prior1YearDuration	381715000	JPY
Extraordinary income	CurrentYearDuration	－	JPY
Restructuring loss el	Prior1YearDuration	59416000	JPY
Restructuring loss el	CurrentYearDuration	12441000	JPY
Special retirement expenses el	Prior1YearDuration	－	JPY
Special retirement expenses el	CurrentYearDuration	1146000	JPY
Compensation expenses el	Prior1YearDuration	102350000	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
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