Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-24
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 158
MetricValuePeriodScopeSource row
Revenue¥10.1bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥8.4bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥7.1bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥6.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥5.5bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥883m2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.1bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥957m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.2bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.5bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.3bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥989m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥907m2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥1.1bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥629m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥791m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥970m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥881m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥663m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥629m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥791m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥18.2bnat 2025-12-31Cons.Assets
Total assets¥17.9bnat 2024-12-31Cons.Assets
Total assets¥17.2bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥16.8bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥16.5bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥11.3bnat 2025-12-31Cons.Liabilities
Total liabilities¥11.2bnat 2024-12-31Cons.Liabilities
Net assets / equity¥6.9bnat 2025-12-31Cons.Net assets
Net assets / equity¥6.7bnat 2024-12-31Cons.Net assets
Net assets / equity¥6.3bnat 2023-12-31vCons.Net assets
Net assets / equity¥5.6bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥5.3bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥4.9bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥5.5bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥4.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥5.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥5.1bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥4.8bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥5.1bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.0bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.3bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.9bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.1bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥713m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥714m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥179m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥472m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.2bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥894m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.7bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥23.542025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥29.62024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥37.012023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥33.582022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥27.642021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥23.492025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥29.532024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥36.992023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥33.492022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥27.432021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥257.41at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥250.06at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥237.52at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥214.43at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥201.64at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio37.7%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio37.3%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio36.5%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio33.6%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio31.8%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE9.3%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE12.2%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE16.3%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE16.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE16.1%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees970at 2025-12-31Cons.Number of employees
Employees779at 2024-12-31Cons.Number of employees
Employees676at 2023-12-31vCons.Number of employees
Employees691at 2022-12-31vCons.Number of employees
Employees652at 2021-12-31dCons.Number of employees
Revenue¥9.6bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥8.0bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥6.8bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥5.9bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥5.3bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥751m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.0bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.2bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.4bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.2bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥952m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.1bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥1.1bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥890m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥740m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥914m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥841m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥648m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥17.9bnat 2025-12-31StandaloneAssets
Total assets¥17.5bnat 2024-12-31StandaloneAssets
Total assets¥17.0bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥16.6bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥16.4bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥11.2bnat 2025-12-31StandaloneLiabilities
Total liabilities¥11.3bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥6.8bnat 2025-12-31StandaloneNet assets
Net assets / equity¥6.3bnat 2024-12-31StandaloneNet assets
Net assets / equity¥6.0bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥5.3bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥5.0bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥4.7bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥5.2bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥33.312025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥27.682024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥34.872023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥32.052022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥27.052021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥33.242025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥27.612024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥34.862023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥31.962022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥26.852021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥262025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥252024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥242023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥182022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥24.52021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥251.95at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥234.79at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥224.11at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥203.04at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥191.71at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio37.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio35.7%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio35.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio32.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio30.6%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE13.7%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE12.1%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE16.2%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE16.3%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE16.8%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued27,394,200at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued27,388,600at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued27,383,200at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued26,660,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued13,270,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees961at 2025-12-31StandaloneNumber of employees
Employees770at 2024-12-31StandaloneNumber of employees
Employees666at 2023-12-31vStandaloneNumber of employees
Employees682at 2022-12-31vStandaloneNumber of employees
Employees643at 2021-12-31dStandaloneNumber 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.

Segments · 22
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-01-01 → 2025-12-31¥46m
Reconciling Itemsreconcilingdepreciation2025-01-01 → 2025-12-31¥72m
Reconciling Itemsreconcilingsegment assetsat 2025-12-31¥7.1bn
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥1.2bn
—segment totalcapex2025-01-01 → 2025-12-31¥765m
—segment totaldepreciation2025-01-01 → 2025-12-31¥393m
—segment totalemployeesat 2025-12-31935 pure
—segment totalrevenue2025-01-01 → 2025-12-31¥10.1bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥10.1bn
—segment totalsegment assetsat 2025-12-31¥11.2bn
—segment totalsegment profit2025-01-01 → 2025-12-31¥2.0bn
Reconciling Itemsreconcilingcapex2024-01-01 → 2024-12-31¥12m
Reconciling Itemsreconcilingdepreciation2024-01-01 → 2024-12-31¥62m
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥6.4bn
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥1.0bn
—segment totalcapex2024-01-01 → 2024-12-31¥545m
—segment totaldepreciation2024-01-01 → 2024-12-31¥313m
—segment totalrevenue2024-01-01 → 2024-12-31¥8.4bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥8.4bn
—segment totalsegment assetsat 2024-12-31¥11.5bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥2.2bn
—segment totalemployeesat 2025-12-31926 pure

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,548
ItemContextValueUnit
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember19
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember112
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember41
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember39
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember19291
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember19513
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember72951
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember1567
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember45884
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember1383
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember56
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember151938
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember273779
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember16300
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.2665
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0057
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.1676
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0050
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0002
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.5550
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember4189900
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.1549
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember2190600
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0810
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember1905600
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0704
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember1791200
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0662
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember1529300
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0565
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember980000
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0362
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember760000
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0281
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember700000
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0258
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember528000
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0195
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember484000
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0178
Number of shares heldCurrentYearInstant15058600
Shareholding ratioCurrentYearInstant0.5564
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsTreasurySharesEtcMember336400
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember27041500

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 identityconsolidated 2024-12-31pass rounding
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass