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
Other net ope cf	Prior1YearDuration	-878000	JPY
Other net ope cf	CurrentYearDuration	-54614000	JPY
Subtotal ope cf	Prior1YearDuration	5783759000	JPY
Subtotal ope cf	CurrentYearDuration	5569563000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	520000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	9781000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-1654000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-59011000	JPY
Income taxes paid ope cf	Prior1YearDuration	-1282565000	JPY
Income taxes paid ope cf	CurrentYearDuration	-1215994000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	4500060000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	4304338000	JPY
Payments into time deposits inv cf	Prior1YearDuration	-24292000	JPY
Payments into time deposits inv cf	CurrentYearDuration	-24293000	JPY
Proceeds from withdrawal of time deposits inv cf	Prior1YearDuration	24292000	JPY
Proceeds from withdrawal of time deposits inv cf	CurrentYearDuration	24292000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-876286000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-1125995000	JPY
Proceeds from sales of property plant and equipment inv cf	Prior1YearDuration	336000	JPY
Proceeds from sales of property plant and equipment inv cf	CurrentYearDuration	11775000	JPY
Purchase of investment securities inv cf	Prior1YearDuration	-353680000	JPY
Purchase of investment securities inv cf	CurrentYearDuration	-212858000	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	Prior1YearDuration	-867236000	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	-1082019000	JPY
Purchase of intangible assets inv cf	Prior1YearDuration	-19815000	JPY
Purchase of intangible assets inv cf	CurrentYearDuration	-30395000	JPY
Payments for lease deposits inv cf	Prior1YearDuration	-18853000	JPY
Payments for lease deposits inv cf	CurrentYearDuration	-57728000	JPY
Collection of lease deposits inv cf	Prior1YearDuration	5813000	JPY
Collection of lease deposits inv cf	CurrentYearDuration	227000	JPY
Net decrease increase in short term loans receivable inv cf	Prior1YearDuration	-99000000	JPY
Net decrease increase in short term loans receivable inv cf	CurrentYearDuration	-42312000	JPY
Payments of long term loans receivable inv cf	Prior1YearDuration	－	JPY
Payments of long term loans receivable inv cf	CurrentYearDuration	-865280000	JPY
Other net inv cf	Prior1YearDuration	-4788000	JPY
Other net inv cf	CurrentYearDuration	-60816000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-2233510000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-3465405000	JPY
Net increase decrease in short term loans payable fin cf	Prior1YearDuration	-60961000	JPY
Net increase decrease in short term loans payable fin cf	CurrentYearDuration	143158000	JPY
Repayment of long term loans payable fin cf	Prior1YearDuration	－	JPY
Repayment of long term loans payable fin cf	CurrentYearDuration	-108982000	JPY
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation fin cf	Prior1YearDuration	－	JPY
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation fin cf	CurrentYearDuration	-91011000	JPY
Cash dividends paid fin cf	Prior1YearDuration	-788137000	JPY
Cash dividends paid fin cf	CurrentYearDuration	-787753000	JPY
Repayments of lease obligations fin cf	Prior1YearDuration	-434000	JPY
Repayments of lease obligations fin cf	CurrentYearDuration	-959000	JPY
Net cash provided by used in financing activities	Prior1YearDuration	-849533000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	-845548000	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