Annual report

Period2025-01-01 → 2025-12-31

Filed2026-04-21

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100XVCC. Amended by S100Y03H (2026-04-21).

Key figures · 141

Metric	Value	Period	Scope	Source row
Revenue	¥3.0bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥3.5bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥4.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥4.5bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥6.2bn	2021-01-01 → 2021-12-31^v	Cons.	Net sales (5-year summary)
Operating income	−¥188m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥460m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥160m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥387m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥207m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥963m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥869m	2021-01-01 → 2021-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥534m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥428m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥743m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥516m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥249m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥697m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥743m	2021-01-01 → 2021-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥725m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥494m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥3.3bn	at 2025-12-31	Cons.	Assets
Total assets	¥4.1bn	at 2024-12-31	Cons.	Assets
Total assets	¥4.0bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.5bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥3.8bn	at 2021-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥1.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥1.6bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥1.9bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥2.5bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥2.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥3.1bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥2.5bn	at 2021-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.5bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.9bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.5bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.9bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.8bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.1bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.7bn	at 2021-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥861m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥107m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥119m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥339m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥849m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥315m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥140m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥49m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥67m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥88m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥139m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥311m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥235m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥108m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥424m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-51.81	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-36.33	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-17.53	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥49.24	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥52.72	2021-01-01 → 2021-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥48.86	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥52.31	2021-01-01 → 2021-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥112.48	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥168	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥196.82	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥215.07	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥172.56	at 2021-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	54.9%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	58.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	67.5%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	63.4%	at 2021-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	25.4%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	35.7%	2021-01-01 → 2021-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	159	at 2025-12-31	Cons.	Number of employees
Employees	173	at 2024-12-31	Cons.	Number of employees
Employees	194	at 2023-12-31^v	Cons.	Number of employees
Employees	217	at 2022-12-31^v	Cons.	Number of employees
Employees	191	at 2021-12-31^v	Cons.	Number of employees
Revenue	¥2.7bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥2.8bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥3.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.7bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥5.3bn	2021-01-01 → 2021-12-31^v	Standalone	Net sales (5-year summary)
Operating income	−¥173m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥116m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥171m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥127m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥536m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥538m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥696m	2021-01-01 → 2021-12-31^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥590m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥393m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥585m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥435m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥625m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥392m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥588m	2021-01-01 → 2021-12-31^v	Standalone	Net income loss (5-year summary)
Total assets	¥2.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥3.6bn	at 2024-12-31	Standalone	Assets
Total assets	¥3.5bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.4bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.9bn	at 2021-12-31^v	Standalone	Total assets (5-year summary)
Total liabilities	¥962m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥1.3bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥1.9bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥2.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥2.6bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥3.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.7bn	at 2021-12-31^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.2bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.5bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-40.76	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-30.64	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-44.02	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.71	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥41.71	2021-01-01 → 2021-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥27.5	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥41.38	2021-01-01 → 2021-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥117.66	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥162.67	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥180.6	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥222.43	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥192.86	at 2021-12-31^v	Standalone	Net assets per share (5-year summary)
Equity ratio	66.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.8%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	73.8%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	72.4%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	69.0%	at 2021-12-31^v	Standalone	Equity to asset ratio (5-year summary)
ROE	13.3%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	24.5%	2021-01-01 → 2021-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	15,899,482	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,248,282	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,248,282	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,203,853	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,147,374	at 2021-12-31^v	Standalone	Total number of issued shares (5-year summary)
Employees	136	at 2025-12-31	Standalone	Number of employees
Employees	162	at 2024-12-31	Standalone	Number of employees
Employees	149	at 2023-12-31^v	Standalone	Number of employees
Employees	126	at 2022-12-31^v	Standalone	Number of employees
Employees	124	at 2021-12-31^v	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 · 1,415

Item	Context	Value	Unit
Number of male directors and other officers	FilingDateInstant	6
Number of female directors and other officers	FilingDateInstant	－
Ratio of female directors and other officers	FilingDateInstant	－
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000TanakaYujiMember	2961
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000MuraokaYamatoMember	18309
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000NakamuraMasahideMember	5056972
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000OsoegawaToshiroMember	－
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000JinguAkihikoMember	－
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant_jpcrp030000-asr_E30053-000ShoichiKitajimaMember	－
Number of shares held ordinary shares information about directors and corporate auditors	FilingDateInstant	5078242
Number of male directors and other officers proposal	FilingDateInstant	10
Number of female directors and other officers proposal	FilingDateInstant	－
Ratio of female directors and other officers proposal	FilingDateInstant	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000TanakaYujiMember	2961
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000MuraokaYamatoMember	18309
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000NakamuraMasahideMember	5056972
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000IdeShujiroMember	7018
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000OokiHisashiMember	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000NoguchiAtsushiMember	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000FukuiYasuoMember	237000
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000SoneNorihikoMember	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000OsoegawaToshiroMember	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant_jpcrp030000-asr_E30053-000JinguAkihikoMember	－
Number of shares held ordinary shares information about directors and corporate auditors proposal	FilingDateInstant	5322260
Audit fees reporting company	Prior1YearDuration	252000000	JPY
Non audit fees reporting company	Prior1YearDuration	－	JPY
Audit fees reporting company	CurrentYearDuration	55000000	JPY
Non audit fees reporting company	CurrentYearDuration	－	JPY
Audit fees consolidated subsidiaries	Prior1YearDuration	－	JPY
Non audit fees consolidated subsidiaries	Prior1YearDuration	－	JPY
Audit fees consolidated subsidiaries	CurrentYearDuration	－	JPY
Non audit fees consolidated subsidiaries	CurrentYearDuration	－	JPY
Audit fees total	Prior1YearDuration	252000000	JPY
Non audit fees total	Prior1YearDuration	－	JPY
Audit fees total	CurrentYearDuration	55000000	JPY
Non audit fees total	CurrentYearDuration	－	JPY
Audit fees reporting company network firms	Prior1YearDuration	－	JPY
Non audit fees reporting company network firms	Prior1YearDuration	－	JPY
Audit fees reporting company network firms	CurrentYearDuration	－	JPY
Non audit fees reporting company network firms	CurrentYearDuration	－	JPY
Audit fees consolidated subsidiaries network firms	Prior1YearDuration	7376000	JPY
Non audit fees consolidated subsidiaries network firms	Prior1YearDuration	－	JPY
Audit fees consolidated subsidiaries network firms	CurrentYearDuration	－	JPY
Non audit fees consolidated subsidiaries network firms	CurrentYearDuration	－	JPY
Audit fees total network firms	Prior1YearDuration	7376000	JPY
Non audit fees total network firms	Prior1YearDuration	－	JPY
Audit fees total network firms	CurrentYearDuration	－	JPY
Non audit fees total network firms	CurrentYearDuration	－	JPY
Total amount of remuneration etc remuneration etc by category of directors and other officers	CurrentYearDuration_DirectorsExcludingAuditAndSupervisoryCommitteeMembersAndOutsideDirectorsMember	104344000	JPY
Fixed remuneration remuneration by category of directors and other officers	CurrentYearDuration_DirectorsExcludingAuditAndSupervisoryCommitteeMembersAndOutsideDirectorsMember	101456000	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
balance sheet identity	consolidated 2025-12-31	pass rounding
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