Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥55.4bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥47.5bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥41.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥36.3bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥31.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥4.3bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥3.6bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥4.2bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥3.5bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥3.7bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥3.4bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.8bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥4.2bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥3.5bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥2.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥2.4bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥2.5bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥2.1bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.9bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥2.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥2.4bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥26.3bn	at 2025-12-31	Cons.	Assets
Total assets	¥21.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥19.0bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥16.1bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥13.9bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥11.6bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥9.2bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥14.7bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥12.5bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥10.8bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥9.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥7.5bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥6.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥6.8bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥6.8bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.8bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥5.5bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.0bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥5.6bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥4.3bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥4.5bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥3.5bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.2bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.7bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥625m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥358m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥846m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥850m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥667m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥553m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥614m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥45.77	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥38.94	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥41.66	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥34.45	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥31.49	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥238.8	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥206.77	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥178.86	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥148.69	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥123.78	at 2021-12-31^d	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	57.6%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	56.9%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	55.9%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	53.7%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	20.5%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	20.2%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	25.4%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	25.3%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	27.9%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	974	at 2025-12-31	Cons.	Number of employees
Employees	676	at 2024-12-31	Cons.	Number of employees
Employees	378	at 2023-12-31^v	Cons.	Number of employees
Employees	349	at 2022-12-31^v	Cons.	Number of employees
Employees	320	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥53.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥47.1bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥41.3bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥36.2bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥31.6bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥3.0bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥2.4bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥3.4bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥3.3bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥3.4bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥3.2bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥2.6bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥3.4bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥3.3bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥2.4bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥2.4bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥2.4bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥2.0bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥1.8bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥23.5bn	at 2025-12-31	Standalone	Assets
Total assets	¥20.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥18.5bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥15.7bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥13.6bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥10.0bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥8.7bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥13.5bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥12.0bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥10.3bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥8.6bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥7.2bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥5.1bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥5.7bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥38.93	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥38.94	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥39.07	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥33.1	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥29.2	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥15	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥13	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥13	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥11	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥9	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥223.86	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥197.68	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥170.54	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥142.95	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥119.39	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	57.5%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	55.8%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	55.0%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	53.0%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	18.5%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	21.2%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	24.9%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	25.2%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	26.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	60,600,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	60,600,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	60,600,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	60,600,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	60,600,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	310	at 2025-12-31	Standalone	Number of employees
Employees	303	at 2024-12-31	Standalone	Number of employees
Employees	291	at 2023-12-31^v	Standalone	Number of employees
Employees	280	at 2022-12-31^v	Standalone	Number of employees
Employees	262	at 2021-12-31^d	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 · 1,373

Item	Context	Value	Unit
Accounts payable trade	Prior1YearInstant	7222724000	JPY
Accounts payable trade	CurrentYearInstant	8384308000	JPY
Accounts payable other	Prior1YearInstant	704238000	JPY
Accounts payable other	CurrentYearInstant	883563000	JPY
Short term loans payable	Prior1YearInstant	－	JPY
Short term loans payable	CurrentYearInstant	365474000	JPY
Current portion of long term loans payable	Prior1YearInstant	－	JPY
Current portion of long term loans payable	CurrentYearInstant	97325000	JPY
Accrued expenses	Prior1YearInstant	79076000	JPY
Accrued expenses	CurrentYearInstant	87853000	JPY
Income taxes payable	Prior1YearInstant	630093000	JPY
Income taxes payable	CurrentYearInstant	893073000	JPY
Accrued consumption taxes	Prior1YearInstant	167168000	JPY
Accrued consumption taxes	CurrentYearInstant	203120000	JPY
Other cl	Prior1YearInstant	115298000	JPY
Other cl	CurrentYearInstant	139644000	JPY
Current liabilities	Prior1YearInstant	8918601000	JPY
Current liabilities	CurrentYearInstant	11054363000	JPY
Long term loans payable	Prior1YearInstant	76617000	JPY
Long term loans payable	CurrentYearInstant	365827000	JPY
Provision for share based remuneration ncl	Prior1YearInstant	38830000	JPY
Provision for share based remuneration ncl	CurrentYearInstant	44585000	JPY
Provision for share based remuneration for directors and other officers ncl	Prior1YearInstant	60116000	JPY
Provision for share based remuneration for directors and other officers ncl	CurrentYearInstant	27443000	JPY
Other ncl	Prior1YearInstant	106628000	JPY
Other ncl	CurrentYearInstant	121665000	JPY
Noncurrent liabilities	Prior1YearInstant	282193000	JPY
Noncurrent liabilities	CurrentYearInstant	559521000	JPY
Liabilities	Prior1YearInstant	9200795000	JPY
Liabilities	CurrentYearInstant	11613885000	JPY
Capital stock	Prior1YearInstant	573496000	JPY
Capital stock	CurrentYearInstant	573496000	JPY
Capital surplus	Prior1YearInstant	543496000	JPY
Capital surplus	CurrentYearInstant	543496000	JPY
Retained earnings	Prior1YearInstant	11530900000	JPY
Retained earnings	CurrentYearInstant	13510874000	JPY
Treasury stock	Prior1YearInstant	-191477000	JPY
Treasury stock	CurrentYearInstant	-163100000	JPY
Shareholders equity	Prior1YearInstant	12456415000	JPY
Shareholders equity	CurrentYearInstant	14464766000	JPY
Valuation difference on available for sale securities	Prior1YearInstant	-297000	JPY
Valuation difference on available for sale securities	CurrentYearInstant	-7659000	JPY
Foreign currency translation adjustment	Prior1YearInstant	45732000	JPY
Foreign currency translation adjustment	CurrentYearInstant	-13829000	JPY
Valuation and translation adjustments	Prior1YearInstant	45435000	JPY
Valuation and translation adjustments	CurrentYearInstant	-21488000	JPY
Non controlling interests	Prior1YearInstant	－	JPY
Non controlling interests	CurrentYearInstant	238285000	JPY
Net assets	Prior1YearInstant	12501850000	JPY
Net assets	CurrentYearInstant	14681563000	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
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