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
Net changes of items other than shareholders equity	CurrentYearDuration_NonControllingInterestsMember	47338000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration	266564000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember	125769000	JPY
Total changes of items during the period	CurrentYearDuration_RevaluationReserveForLandMember	-24835000	JPY
Total changes of items during the period	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	118292000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	219226000	JPY
Total changes of items during the period	CurrentYearDuration_NonControllingInterestsMember	47338000	JPY
Total changes of items during the period	CurrentYearDuration	2022137000	JPY
Net assets	CurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember	1408755000	JPY
Net assets	CurrentYearInstant_RevaluationReserveForLandMember	1674082000	JPY
Net assets	CurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember	948817000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	4031654000	JPY
Net assets	CurrentYearInstant_NonControllingInterestsMember	131908000	JPY
Net assets	CurrentYearInstant	26438519000	JPY
Income before income taxes	Prior1YearDuration	3406605000	JPY
Income before income taxes	CurrentYearDuration	3217058000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	964913000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	909700000	JPY
Impairment loss ope cf	Prior1YearDuration	5963000	JPY
Impairment loss ope cf	CurrentYearDuration	15384000	JPY
Amortization of goodwill ope cf	Prior1YearDuration	30894000	JPY
Amortization of goodwill ope cf	CurrentYearDuration	31008000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	29765000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	41311000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-65574000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-90656000	JPY
Interest expenses ope cf	Prior1YearDuration	43340000	JPY
Interest expenses ope cf	CurrentYearDuration	48342000	JPY
Loss gain on sales and retirement of noncurrent assets ope cf	Prior1YearDuration	12972000	JPY
Loss gain on sales and retirement of noncurrent assets ope cf	CurrentYearDuration	-21800000	JPY
Loss gain on sales of investment securities ope cf	Prior1YearDuration	-44848000	JPY
Loss gain on sales of investment securities ope cf	CurrentYearDuration	－	JPY
Loss gain on valuation of investment securities ope cf	Prior1YearDuration	27489000	JPY
Loss gain on valuation of investment securities ope cf	CurrentYearDuration	－	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-913419000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	-445129000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	380192000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	-848533000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	-152325000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-701743000	JPY
Other net ope cf	Prior1YearDuration	279242000	JPY
Other net ope cf	CurrentYearDuration	-98846000	JPY
Subtotal ope cf	Prior1YearDuration	4005210000	JPY
Subtotal ope cf	CurrentYearDuration	2056096000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	57907000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	75756000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-46722000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-49898000	JPY
Income taxes paid refund ope cf	Prior1YearDuration	-875237000	JPY
Income taxes paid refund ope cf	CurrentYearDuration	-1137590000	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