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
Book value equity securities not listed investment equity securities held for pure investment reporting companyPrior1YearInstant-JPY
Number of issues shares other than those not listed investment shares held for pure investment reporting companyCurrentYearInstant11
Book value equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearInstant471982000JPY
Number of issues shares other than those not listed investment shares held for pure investment reporting companyPrior1YearInstant11
Book value equity securities other than those not listed investment equity securities held for pure investment reporting companyPrior1YearInstant363095000JPY
Total of dividends received equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of gain loss on sale equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of valuation gain loss equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of dividends received equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration12996000JPY
Total of gain loss on sale equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration119350000JPY
Total of valuation gain loss equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-10883000JPY
Cash and depositsPrior1YearInstant5488771000JPY
Cash and depositsCurrentYearInstant4931033000JPY
Accounts receivable tradePrior1YearInstant678380000JPY
Accounts receivable tradeCurrentYearInstant875150000JPY
Lease investment assets caPrior1YearInstant103064000JPY
Lease investment assets caCurrentYearInstant65836000JPY
MerchandisePrior1YearInstant483000JPY
MerchandiseCurrentYearInstant293000JPY
Work in processPrior1YearInstant3022000JPY
Work in processCurrentYearInstant6590000JPY
SuppliesPrior1YearInstant47383000JPY
SuppliesCurrentYearInstant35960000JPY
Accounts receivable otherPrior1YearInstant444571000JPY
Accounts receivable otherCurrentYearInstant464087000JPY
Other caPrior1YearInstant213180000JPY
Other caCurrentYearInstant195447000JPY
Current assetsPrior1YearInstant6978856000JPY
Current assetsCurrentYearInstant6574400000JPY
Buildings and structuresPrior1YearInstant3078348000JPY
Buildings and structuresCurrentYearInstant3203611000JPY
Accumulated depreciation buildings and structuresPrior1YearInstant-860547000JPY
Accumulated depreciation buildings and structuresCurrentYearInstant-978081000JPY
Buildings and structures netPrior1YearInstant2217801000JPY
Buildings and structures netCurrentYearInstant2225530000JPY
Machinery and equipmentPrior1YearInstant35531000JPY
Machinery and equipmentCurrentYearInstant35531000JPY
Accumulated depreciation machinery and equipmentPrior1YearInstant-21203000JPY
Accumulated depreciation machinery and equipmentCurrentYearInstant-24069000JPY
Machinery and equipment netPrior1YearInstant14327000JPY
Machinery and equipment netCurrentYearInstant11461000JPY
LandPrior1YearInstant6374037000JPY
LandCurrentYearInstant6374037000JPY
Other ppePrior1YearInstant563911000JPY
Other ppeCurrentYearInstant654903000JPY
Accumulated depreciation other ppePrior1YearInstant-415265000JPY
Accumulated depreciation other ppeCurrentYearInstant-480375000JPY
Other net ppePrior1YearInstant148646000JPY
Other net ppeCurrentYearInstant174528000JPY
Property plant and equipmentPrior1YearInstant8754812000JPY

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