Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-30

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥47.4bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥45.6bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥38.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥32.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥29.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥3.0bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥3.2bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥3.3bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥3.4bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥2.4bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥3.2bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥3.4bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥2.3bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥2.3bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.7bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥993m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥650m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥2.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥2.3bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥45.9bn	at 2025-12-31	Cons.	Assets
Total assets	¥45.5bn	at 2024-12-31	Cons.	Assets
Total assets	¥41.6bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥35.7bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥34.4bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥19.4bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥21.1bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥26.4bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥24.4bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥21.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥20.1bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥19.1bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥7.7bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥9.5bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥7.3bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.2bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥8.3bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥8.2bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥8.8bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥944m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥3.1bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.9bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥290m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥2.0bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.7bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥3.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥446m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.9bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥907m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥70m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥465m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥451m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥446m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥178.84	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥172.92	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥127.74	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥75.73	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥49.56	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥2,007.18	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,856.51	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,670.52	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,534.64	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,454.88	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	57.4%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	53.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	52.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	56.3%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	55.4%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	9.3%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	9.8%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	8.0%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	3.5%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,160	at 2025-12-31	Cons.	Number of employees
Employees	1,141	at 2024-12-31	Cons.	Number of employees
Employees	1,093	at 2023-12-31^v	Cons.	Number of employees
Employees	1,045	at 2022-12-31^v	Cons.	Number of employees
Employees	1,045	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥42.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥40.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥35.3bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥29.8bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥27.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥1.9bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥2.0bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥2.4bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥2.4bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥2.0bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.4bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥976m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥2.3bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥2.5bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥1.5bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥1.7bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥1.4bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥869m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥594m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥35.5bn	at 2025-12-31	Standalone	Assets
Total assets	¥35.5bn	at 2024-12-31	Standalone	Assets
Total assets	¥33.9bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥28.4bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥27.5bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥15.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥17.0bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥19.6bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥18.6bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥17.2bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥15.8bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥15.1bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.2bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥5.7bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥116.66	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥130.78	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥107.28	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥66.29	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥45.35	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥40	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥40	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥24	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥22	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,496.58	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,415.76	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,313.32	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,208.05	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,150.37	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	55.3%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	52.2%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.8%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	55.7%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.9%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	8.0%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.6%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	8.5%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	5.6%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	4.0%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	14,272,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,272,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,272,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,272,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,272,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	599	at 2025-12-31	Standalone	Number of employees
Employees	593	at 2024-12-31	Standalone	Number of employees
Employees	588	at 2023-12-31^v	Standalone	Number of employees
Employees	585	at 2022-12-31^v	Standalone	Number of employees
Employees	590	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 · 1,653

Item	Context	Value	Unit
Other cl	CurrentYearInstant	2433763000	JPY
Current liabilities	Prior1YearInstant	14966839000	JPY
Current liabilities	CurrentYearInstant	14614293000	JPY
Bonds payable	Prior1YearInstant	1000000000	JPY
Bonds payable	CurrentYearInstant	－	JPY
Long term loans payable	Prior1YearInstant	2939444000	JPY
Long term loans payable	CurrentYearInstant	2432964000	JPY
Deferred tax liabilities	Prior1YearInstant	720657000	JPY
Deferred tax liabilities	CurrentYearInstant	860866000	JPY
Deferred tax liabilities for land revaluation	Prior1YearInstant	796867000	JPY
Deferred tax liabilities for land revaluation	CurrentYearInstant	819638000	JPY
Net defined benefit liability	Prior1YearInstant	212702000	JPY
Net defined benefit liability	CurrentYearInstant	220071000	JPY
Other ncl	Prior1YearInstant	463701000	JPY
Other ncl	CurrentYearInstant	469950000	JPY
Noncurrent liabilities	Prior1YearInstant	6133373000	JPY
Noncurrent liabilities	CurrentYearInstant	4803490000	JPY
Liabilities	Prior1YearInstant	21100212000	JPY
Liabilities	CurrentYearInstant	19417784000	JPY
Capital stock	Prior1YearInstant	1471150000	JPY
Capital stock	CurrentYearInstant	1471150000	JPY
Capital surplus	Prior1YearInstant	1148365000	JPY
Capital surplus	CurrentYearInstant	1148365000	JPY
Retained earnings	Prior1YearInstant	18341859000	JPY
Retained earnings	CurrentYearInstant	20097432000	JPY
Treasury stock	Prior1YearInstant	-441992000	JPY
Treasury stock	CurrentYearInstant	-441992000	JPY
Shareholders equity	Prior1YearInstant	20519382000	JPY
Shareholders equity	CurrentYearInstant	22274955000	JPY
Valuation difference on available for sale securities	Prior1YearInstant	1282985000	JPY
Valuation difference on available for sale securities	CurrentYearInstant	1408755000	JPY
Revaluation reserve for land	Prior1YearInstant	1698917000	JPY
Revaluation reserve for land	CurrentYearInstant	1674082000	JPY
Foreign currency translation adjustment	Prior1YearInstant	830525000	JPY
Foreign currency translation adjustment	CurrentYearInstant	948817000	JPY
Valuation and translation adjustments	Prior1YearInstant	3812428000	JPY
Valuation and translation adjustments	CurrentYearInstant	4031654000	JPY
Non controlling interests	Prior1YearInstant	84570000	JPY
Non controlling interests	CurrentYearInstant	131908000	JPY
Net assets	Prior1YearInstant	24416381000	JPY
Net assets	CurrentYearInstant	26438519000	JPY
Liabilities and net assets	Prior1YearInstant	45516594000	JPY
Liabilities and net assets	CurrentYearInstant	45856303000	JPY
Net sales	Prior1YearDuration	45637423000	JPY
Net sales	CurrentYearDuration	47436908000	JPY
Cost of sales	Prior1YearDuration	30339055000	JPY
Cost of sales	CurrentYearDuration	31602454000	JPY
Gross profit	Prior1YearDuration	15298368000	JPY
Gross profit	CurrentYearDuration	15834454000	JPY
Freightage and packing expenses sga	Prior1YearDuration	940608000	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