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
LiabilitiesCurrentYearInstant634576000JPY
Capital stockPrior1YearInstant929279000JPY
Capital stockCurrentYearInstant1070496000JPY
Capital surplusPrior1YearInstant1177129000JPY
Capital surplusCurrentYearInstant1318347000JPY
Retained earningsPrior1YearInstant-2011244000JPY
Retained earningsCurrentYearInstant-2611738000JPY
Treasury stockPrior1YearInstant-274000JPY
Treasury stockCurrentYearInstant-287000JPY
Shareholders equityPrior1YearInstant94889000JPY
Shareholders equityCurrentYearInstant-223181000JPY
Foreign currency translation adjustmentPrior1YearInstant675000JPY
Foreign currency translation adjustmentCurrentYearInstant-JPY
Valuation and translation adjustmentsPrior1YearInstant675000JPY
Valuation and translation adjustmentsCurrentYearInstant-JPY
Subscription rights to sharesPrior1YearInstant1107000JPY
Subscription rights to sharesCurrentYearInstant-JPY
Non controlling interestsPrior1YearInstant138576000JPY
Non controlling interestsCurrentYearInstant-JPY
Net assetsPrior1YearInstant235249000JPY
Net assetsCurrentYearInstant-223181000JPY
Liabilities and net assetsPrior1YearInstant2131397000JPY
Liabilities and net assetsCurrentYearInstant411395000JPY
Net salesPrior1YearDuration897496000JPY
Net salesCurrentYearDuration658989000JPY
Cost of salesPrior1YearDuration290782000JPY
Cost of salesCurrentYearDuration319788000JPY
Gross profitPrior1YearDuration606713000JPY
Gross profitCurrentYearDuration339201000JPY
Selling general and administrative expensesPrior1YearDuration719002000JPY
Selling general and administrative expensesCurrentYearDuration898233000JPY
Operating incomePrior1YearDuration-112288000JPY
Operating incomeCurrentYearDuration-559032000JPY
Interest income noiPrior1YearDuration135000JPY
Interest income noiCurrentYearDuration4038000JPY
Dividends income noiPrior1YearDuration-JPY
Dividends income noiCurrentYearDuration151000JPY
Gain on sales of investment securities noiPrior1YearDuration-JPY
Gain on sales of investment securities noiCurrentYearDuration657000JPY
Studio rent noiPrior1YearDuration15673000JPY
Studio rent noiCurrentYearDuration26116000JPY
Equity in earnings of affiliates noiPrior1YearDuration-JPY
Equity in earnings of affiliates noiCurrentYearDuration1438000JPY
Gain on reversal of sundry deposits received noiPrior1YearDuration7011000JPY
Gain on reversal of sundry deposits received noiCurrentYearDuration-JPY
Other noiPrior1YearDuration1839000JPY
Other noiCurrentYearDuration5090000JPY
Non operating incomePrior1YearDuration24660000JPY
Non operating incomeCurrentYearDuration37493000JPY
Interest expenses noePrior1YearDuration5152000JPY

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