Annual report

Period2025-04-01 → 2026-02-28
Filed2026-07-10
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100Y7A6. Amended by S100YPW9 (2026-07-10).

Key figures · 141
MetricValuePeriodScopeSource row
Revenue¥659m2025-04-01 → 2026-02-28Cons.Net sales
Revenue¥897m2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥593m2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥554m2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥737m2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥559m2025-04-01 → 2026-02-28Cons.Operating income
Operating income−¥112m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥551m2025-04-01 → 2026-02-28Cons.Ordinary income
Ordinary income−¥93m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income−¥236m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥353m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥319m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥682m2025-04-01 → 2026-02-28Cons.Income before income taxes
Profit before tax−¥80m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥600m2025-04-01 → 2026-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)−¥80m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥361m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥428m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥349m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥667m2025-04-01 → 2026-02-28Cons.Profit loss
Net income−¥83m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥411mat 2026-02-28Cons.Assets
Total assets¥2.1bnat 2025-03-31Cons.Assets
Total assets¥544mat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥720mat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥1.2bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥635mat 2026-02-28Cons.Liabilities
Total liabilities¥1.9bnat 2025-03-31Cons.Liabilities
Net assets / equity−¥223mat 2026-02-28Cons.Net assets
Net assets / equity¥235mat 2025-03-31Cons.Net assets
Net assets / equity¥63mat 2024-03-31vCons.Net assets
Net assets / equity¥159mat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥587mat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥90mat 2026-02-28Cons.Cash and deposits
Cash and deposits¥211mat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥90mat 2026-02-28Cons.Cash and cash equivalents
Cash & equivalents¥211mat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥263mat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥313mat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥697mat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥656m2025-04-01 → 2026-02-28Cons.Net cash provided by used in operating activities
Operating cash flow−¥84m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥204m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥319m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥211m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥516m2025-04-01 → 2026-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥47m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥91m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥52m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥18m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥110m2025-04-01 → 2026-02-28Cons.Net cash provided by used in financing activities
Financing cash flow¥78m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥245m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥13m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥492m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-5.322025-04-01 → 2026-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-0.882024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-4.92023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-5.822022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-5.552021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥-1.95at 2026-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥0.98at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥0.69at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥2.16at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥7.98at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio-54.2%at 2026-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio4.5%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio11.3%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio22.1%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio47.2%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE-101.6%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-327.3%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE-114.7%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE-59.4%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees34at 2026-02-28Cons.Number of employees
Employees48at 2025-03-31Cons.Number of employees
Employees39at 2024-03-31vCons.Number of employees
Employees47at 2023-03-31vCons.Number of employees
Employees49at 2022-03-31vCons.Number of employees
Revenue¥389m2025-04-01 → 2026-02-28StandaloneNet sales
Revenue¥889m2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥575m2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥538m2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥733m2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥438m2025-04-01 → 2026-02-28StandaloneOperating income
Operating income−¥93m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥424m2025-04-01 → 2026-02-28StandaloneOrdinary income
Ordinary income−¥74m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income−¥211m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥325m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥315m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥486m2025-04-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax−¥173m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥489m2025-04-01 → 2026-02-28StandaloneProfit loss
Net income−¥177m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥394m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥399m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥345m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥453mat 2026-02-28StandaloneAssets
Total assets¥576mat 2025-03-31StandaloneAssets
Total assets¥544mat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥663mat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥1.2bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥661mat 2026-02-28StandaloneLiabilities
Total liabilities¥577mat 2025-03-31StandaloneLiabilities
Net assets / equity−¥209mat 2026-02-28StandaloneNet assets
Net assets / equity−¥687,000at 2025-03-31StandaloneNet assets
Net assets / equity¥63mat 2024-03-31vStandaloneNet assets
Net assets / equity¥192mat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥591mat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥89mat 2026-02-28StandaloneCash and deposits
Cash and deposits¥81mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-4.332025-04-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-1.952024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.342023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.432022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.492021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥-1.82at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥-0.02at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥0.69at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2.61at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥8.03at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio-46.1%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio-0.3%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio11.3%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio28.9%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio48.7%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE-589.1%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE-310.9%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE-102.1%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE-88.7%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued11,486,022at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued3,242,574at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued3,005,399at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,455,399at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,455,399at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees34at 2026-02-28StandaloneNumber of employees
Employees38at 2025-03-31StandaloneNumber of employees
Employees39at 2024-03-31vStandaloneNumber of employees
Employees47at 2023-03-31vStandaloneNumber of employees
Employees49at 2022-03-31vStandaloneNumber 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 · 48
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2026-02-28¥165m
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-02-28−¥719m
Housing Related Businessreportable segmentdepreciation2025-04-01 → 2026-02-28¥1m
Housing Related Businessreportable segmentrevenue2025-04-01 → 2026-02-28¥221m
Housing Related Businessreportable segmentrevenue external2025-04-01 → 2026-02-28¥221m
Housing Related Businessreportable segmentsegment assetsat 2026-02-28¥43m
Housing Related Businessreportable segmentsegment profit2025-04-01 → 2026-02-28¥9m
Investment Related Businessreportable segmentrevenue2025-04-01 → 2026-02-28¥3m
Investment Related Businessreportable segmentrevenue external2025-04-01 → 2026-02-28¥3m
Investment Related Businessreportable segmentsegment assetsat 2026-02-28¥37m
Investment Related Businessreportable segmentsegment profit2025-04-01 → 2026-02-28¥439,000
Lifestyle Related Businessreportable segmentcapex2025-04-01 → 2026-02-28¥6m
Lifestyle Related Businessreportable segmentdepreciation2025-04-01 → 2026-02-28¥19m
Lifestyle Related Businessreportable segmentemployeesat 2026-02-2834 pure
Lifestyle Related Businessreportable segmentrevenue2025-04-01 → 2026-02-28¥435m
Lifestyle Related Businessreportable segmentrevenue external2025-04-01 → 2026-02-28¥435m
Lifestyle Related Businessreportable segmentsegment assetsat 2026-02-28¥166m
Lifestyle Related Businessreportable segmentsegment profit2025-04-01 → 2026-02-28¥150m
—segment totalcapex2025-04-01 → 2026-02-28¥6m
—segment totaldepreciation2025-04-01 → 2026-02-28¥20m
—segment totalrevenue2025-04-01 → 2026-02-28¥659m
—segment totalrevenue external2025-04-01 → 2026-02-28¥659m
—segment totalsegment assetsat 2026-02-28¥246m
—segment totalsegment profit2025-04-01 → 2026-02-28¥160m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥161m
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥262m
Housing Related Businessreportable segmentcapex2024-04-01 → 2025-03-31¥10m
Housing Related Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥9,000
Housing Related Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥28m
Housing Related Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥28m
Housing Related Businessreportable segmentsegment assetsat 2025-03-31¥220m
Housing Related Businessreportable segmentsegment profit2024-04-01 → 2025-03-31¥8m
Investment Related Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥304m
Investment Related Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥304m
Investment Related Businessreportable segmentsegment assetsat 2025-03-31¥24m
Investment Related Businessreportable segmentsegment profit2024-04-01 → 2025-03-31¥74m
Lifestyle Related Businessreportable segmentcapex2024-04-01 → 2025-03-31¥1.3bn
Lifestyle Related Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥2m
Lifestyle Related Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥565m
Lifestyle Related Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥565m
Lifestyle Related Businessreportable segmentsegment assetsat 2025-03-31¥1.7bn
Lifestyle Related Businessreportable segmentsegment profit2024-04-01 → 2025-03-31¥67m
—segment totalcapex2024-04-01 → 2025-03-31¥1.3bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥2m
—segment totalrevenue2024-04-01 → 2025-03-31¥897m
—segment totalrevenue external2024-04-01 → 2025-03-31¥897m
—segment totalsegment assetsat 2025-03-31¥2.0bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥149m

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

All source rows · 1,347
ItemContextValueUnit
Footnotes directors and corporate auditors (text)FilingDateInstant_Row1MemberText · Plus
Footnotes directors and corporate auditors (text)FilingDateInstant_Row2MemberText · Plus
Footnotes directors and corporate auditors (text)FilingDateInstant_Row3MemberText · Plus
Footnotes directors and corporate auditors (text)FilingDateInstant_Row4MemberText · Plus
Outside directors and outside corporate auditors (text)FilingDateInstantText · Plus
Audits (text)FilingDateInstantText · Plus
Remuneration for directors and other officers (text)FilingDateInstantText · Plus
Remuneration etc paid by group to each director or other officer (text)FilingDateInstantText · Plus
Shareholdings (text)FilingDateInstantText · Plus
Regulations in accordance with which consolidated financial statements have been prepared financial informationCurrentYearDurationText · Plus
Regulations in accordance with which financial statements have been prepared financial informationCurrentYearDurationText · Plus
Description of fact that financial statements have been prepared in accordance with special provision financial informationCurrentYearDuration
Original text (Japanese) また、当社は、特例財務諸表提出会社に該当し、財務諸表等規則第127条の規定により財務諸表を作成しております。
Note on independent audit financial informationCurrentYearDurationText · Plus
Note on change in fiscal year ends financial informationCurrentYearDurationText · Plus
Remarkable efforts to ensure fair presentation of consolidated financial statements etc financial informationCurrentYearDurationText · Plus
Consolidated balance sheet (text)CurrentYearDurationText · Plus
Consolidated statement of income (text)CurrentYearDurationText · Plus
Consolidated statement of comprehensive income (text)CurrentYearDurationText · Plus
Consolidated statement of changes in equity (text)CurrentYearDurationText · Plus
Consolidated statement of cash flows (text)CurrentYearDurationText · Plus
Notes uncertainties of entitys ability to continue as going concern consolidated financial statements (text)CurrentYearDurationText · Plus
Notes significant accounting policies for preparation of consolidated financial statements (text)CurrentYearDurationText · Plus
Number of consolidated subsidiaries and names of major consolidated subsidiaries (text)CurrentYearDurationText · Plus
Number of unconsolidated subsidiaries and associates accounted for using equity method and names of major entities accounted for using equity method (text)CurrentYearDurationText · Plus
Names of major unconsolidated subsidiaries and associates and reasons for not being accounted for using equity method (text)CurrentYearDurationText · Plus
Changes in scope of consolidation (text)CurrentYearDurationText · Plus
Disclosure about fiscal years etc of consolidated subsidiaries (text)CurrentYearDurationText · Plus
Disclosure of accounting policies (text)CurrentYearDurationText · Plus
Significant accounting estimates consolidated financial statements (text)CurrentYearDurationText · Plus
Notes new accounting standards not yet applied consolidated financial statements (text)CurrentYearDurationText · Plus
Notes changes in presentation consolidated financial statements (text)CurrentYearDurationText · Plus
Notes regarding pledged assets (text)CurrentYearInstantText · Plus
Notes regarding accumulated depreciation of property plant and equipment (text)CurrentYearInstantText · Plus
Major components of selling general and administrative expenses (text)CurrentYearDurationText · Plus
Notes regarding impairment loss (text)CurrentYearDurationText · Plus
Notes regarding reclassification adjustments income taxes and tax effects relating to other comprehensive income (text)CurrentYearDurationText · Plus
Notes regarding issued shares and treasury shares (text)Prior1YearDurationText · Plus
Notes regarding new share subscription rights etc (text)Prior1YearDurationText · Plus
Notes regarding dividend (text)Prior1YearDurationText · Plus
Notes regarding issued shares and treasury shares (text)CurrentYearDurationText · Plus
Notes regarding new share subscription rights etc (text)CurrentYearDurationText · Plus
Notes regarding dividend (text)CurrentYearDurationText · Plus
Reconciliation of ending balance of cash and cash equivalents with account balances per balance sheet (text)CurrentYearDurationText · Plus
Major components of assets and liabilities of consolidated subsidiary disposed of by sales of shares during reporting period (text)CurrentYearDurationText · Plus
Major components of assets and liabilities of consolidated subsidiary acquired by purchase of shares during reporting period (text)CurrentYearDurationText · Plus
Notes leases consolidated financial statements (text)CurrentYearDurationText · Plus
Notes financial instruments consolidated financial statements (text)CurrentYearDurationText · Plus
Notes share options etc consolidated financial statements (text)CurrentYearDurationText · Plus
Notes tax effect accounting consolidated financial statements (text)CurrentYearDurationText · Plus
Notes business combinations consolidated financial statements (text)Prior1YearDurationText · Plus

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 2025-03-31pass
balance sheet identityconsolidated 2026-02-28pass
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-02-28pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-02-28pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass