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
Gross profit	Prior1YearDuration_NonConsolidatedMember	1084994000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	1210089000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	1171526000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1185215000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	-86531000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	24874000	JPY
Dividends income noi	Prior1YearDuration_NonConsolidatedMember	5529000	JPY
Dividends income noi	CurrentYearDuration_NonConsolidatedMember	7374000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	4026000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	5909000	JPY
Subsidy income noi bounty	Prior1YearDuration_NonConsolidatedMember	2708000	JPY
Subsidy income noi bounty	CurrentYearDuration_NonConsolidatedMember	200000	JPY
Electricity sale income noi	Prior1YearDuration_NonConsolidatedMember	2530000	JPY
Electricity sale income noi	CurrentYearDuration_NonConsolidatedMember	－	JPY
Other noi	Prior1YearDuration_NonConsolidatedMember	4975000	JPY
Other noi	CurrentYearDuration_NonConsolidatedMember	4441000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	19771000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	17924000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	18210000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	23900000	JPY
Interest on bonds noe	Prior1YearDuration_NonConsolidatedMember	1197000	JPY
Interest on bonds noe	CurrentYearDuration_NonConsolidatedMember	336000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	7175000	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	－	JPY
Foreign exchange losses noe	Prior1YearDuration_NonConsolidatedMember	12955000	JPY
Foreign exchange losses noe	CurrentYearDuration_NonConsolidatedMember	4139000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	7401000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	6032000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	46939000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	34409000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	-113699000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	8389000	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration_NonConsolidatedMember	331614000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	331614000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	－	JPY
Restructuring loss el	Prior1YearDuration_NonConsolidatedMember	59416000	JPY
Restructuring loss el	CurrentYearDuration_NonConsolidatedMember	12441000	JPY
Special retirement expenses el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Special retirement expenses el	CurrentYearDuration_NonConsolidatedMember	1146000	JPY
Compensation expenses el	Prior1YearDuration_NonConsolidatedMember	102350000	JPY
Compensation expenses el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on sales of subsidiaries stocks el	Prior1YearDuration_NonConsolidatedMember	68584000	JPY
Loss on sales of subsidiaries stocks el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary loss	Prior1YearDuration_NonConsolidatedMember	230350000	JPY
Extraordinary loss	CurrentYearDuration_NonConsolidatedMember	13587000	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	-12436000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	-5197000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	15195000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	13967000	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