Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-30
StandardJapan GAAP
ConsolidatedYes
Data checks17 of 17 passed
Key figures · 131
MetricValuePeriodScopeSource row
Revenue¥1.2bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥490m2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥389m2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥342m2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income−¥171m2025-01-01 → 2025-12-31Cons.Operating income
Ordinary income−¥186m2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥378m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥280m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥195m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥516m2025-01-01 → 2025-12-31Cons.Income before income taxes
Net income (owners)−¥519m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥421m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥289m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥186m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥519m2025-01-01 → 2025-12-31Cons.Profit loss
Total assets¥1.2bnat 2025-12-31Cons.Assets
Total assets¥281mat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥277mat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥415mat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥308mat 2025-12-31Cons.Liabilities
Net assets / equity¥919mat 2025-12-31Cons.Net assets
Net assets / equity¥71mat 2024-12-31Cons.Net assets
Net assets / equity¥29mat 2023-12-31vCons.Net assets (5-year summary)
Net assets / equity¥150mat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥335mat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥736mat 2025-12-31Cons.Cash and deposits
Cash & equivalents¥736mat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥71mat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥163mat 2023-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥123mat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥243mat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥179m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥300m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥216m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥194m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥34m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥34m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥7m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥5m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥19m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥724m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥348m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥102m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥17m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-29.272025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-41.442023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-35.962022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-23.732021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥35.91at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1.9at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥16.74at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥41.47at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio73.1%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio7.4%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.1%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio78.5%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE-57.9%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE-519.3%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE-123.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE-44.5%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees22at 2025-12-31Cons.Number of employees
Employees36at 2023-12-31vCons.Number of employees
Employees33at 2022-12-31vCons.Number of employees
Employees30at 2021-12-31dCons.Number of employees
Revenue¥1.0bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥994m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥472m2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥292m2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥282m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥162m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥235m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥177m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥241m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥290m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥180m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥170m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥507m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥238m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥508m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥239m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥502m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥183m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥163m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥1.0bnat 2025-12-31StandaloneAssets
Total assets¥282mat 2024-12-31StandaloneAssets
Total assets¥162mat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥342mat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥407mat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥119mat 2025-12-31StandaloneLiabilities
Total liabilities¥211mat 2024-12-31StandaloneLiabilities
Net assets / equity¥930mat 2025-12-31StandaloneNet assets
Net assets / equity¥71mat 2024-12-31StandaloneNet assets
Net assets / equity¥78mat 2023-12-31vStandaloneNet assets
Net assets / equity¥279mat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥358mat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥622mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥71mat 2024-12-31StandaloneCash and deposits
Cash & equivalents¥71mat 2024-12-31StandaloneCash and cash equivalents (5-year summary)
Operating cash flow−¥228m2024-01-01 → 2024-12-31StandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥15m2024-01-01 → 2024-12-31StandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥237m2024-01-01 → 2024-12-31StandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥-28.652025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-19.192024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-49.352023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-22.752022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-20.712021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥36.35at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥4.53at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥6.37at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥32.08at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥44.46at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio86.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio22.0%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio43.4%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio79.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio85.7%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE-104.8%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE-362.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE-294.2%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE-59.0%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE-37.8%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued24,993,500at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued13,720,500at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued11,015,500at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,462,500at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,862,500at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees8at 2025-12-31StandaloneNumber of employees
Employees16at 2024-12-31StandaloneNumber of employees
Employees36at 2023-12-31vStandaloneNumber of employees
Employees33at 2022-12-31vStandaloneNumber of employees
Employees30at 2021-12-31dStandaloneNumber 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 · 39
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-01-01 → 2025-12-31¥9m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2025-01-01 → 2025-12-31¥9m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment assetsat 2025-12-31¥3m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2025-01-01 → 2025-12-31¥3m
Reconciling Itemsreconcilingcapex2025-01-01 → 2025-12-31¥900,000
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥50,000
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥50,000
Reconciling Itemsreconcilingsegment assetsat 2025-12-31−¥266,000
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥185m
IP And Commerce Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥878,000
IP And Commerce Businessreportable segmentemployeesat 2025-12-3115 pure
IP And Commerce Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥250m
IP And Commerce Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥250m
IP And Commerce Businessreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥50,000
IP And Commerce Businessreportable segmentsegment assetsat 2025-12-31¥500m
IP And Commerce Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥25m
Media Businessreportable segmentcapex2025-01-01 → 2025-12-31¥235,000
Media Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥470,000
Media Businessreportable segmentemployeesat 2025-12-311 pure
Media Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥984m
Media Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥984m
Media Businessreportable segmentsegment assetsat 2025-12-31¥724m
Media Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥36m
Totalreportable segmentcapex2025-01-01 → 2025-12-31¥235,000
Totalreportable segmentdepreciation2025-01-01 → 2025-12-31¥1m
Totalreportable segmentrevenue2025-01-01 → 2025-12-31¥1.2bn
Totalreportable segmentrevenue external2025-01-01 → 2025-12-31¥1.2bn
Totalreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥50,000
Totalreportable segmentsegment assetsat 2025-12-31¥1.2bn
Totalreportable segmentsegment profit2025-01-01 → 2025-12-31¥12m
Total Of Reportable Segments And Otherssegment totalcapex2025-01-01 → 2025-12-31¥235,000
Total Of Reportable Segments And Otherssegment totaldepreciation2025-01-01 → 2025-12-31¥1m
Total Of Reportable Segments And Otherssegment totalrevenue2025-01-01 → 2025-12-31¥1.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-01-01 → 2025-12-31¥1.2bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2025-01-01 → 2025-12-31¥50,000
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-12-31¥1.2bn
Total Of Reportable Segments And Otherssegment totalsegment profit2025-01-01 → 2025-12-31¥15m
IP And Commerce Businessreportable segmentemployeesat 2025-12-311 pure
Media Businessreportable segmentemployeesat 2025-12-311 pure

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

All source rows · 1,053
ItemContextValueUnit
Increase by share exchangesCurrentYearDuration_CapitalSurplusMember646707000JPY
Increase by share exchangesCurrentYearDuration_ShareholdersEquityMember646707000JPY
Total changes of items during the periodCurrentYearDuration_CapitalStockMember353746000JPY
Total changes of items during the periodCurrentYearDuration_CapitalSurplusMember1000453000JPY
Total changes of items during the periodCurrentYearDuration_RetainedEarningsMember-519247000JPY
Total changes of items during the periodCurrentYearDuration_TreasuryStockMember-JPY
Total changes of items during the periodCurrentYearDuration_ShareholdersEquityMember834952000JPY
Net assetsCurrentYearInstant_CapitalStockMember772274000JPY
Net assetsCurrentYearInstant_CapitalSurplusMember2022501000JPY
Net assetsCurrentYearInstant_RetainedEarningsMember-1897191000JPY
Net assetsCurrentYearInstant_TreasuryStockMember-574000JPY
Net assetsCurrentYearInstant_ShareholdersEquityMember897010000JPY
Net assetsPrior1YearInstant_SubscriptionRightsToSharesMember8813000JPY
Net assetsPrior1YearInstant70871000JPY
Issuance of new sharesCurrentYearDuration707492000JPY
Profit loss attributable to owners of parentCurrentYearDuration-519247000JPY
Increase by share exchangesCurrentYearDuration646707000JPY
Net changes of items other than shareholders equityCurrentYearDuration_SubscriptionRightsToSharesMember13027000JPY
Net changes of items other than shareholders equityCurrentYearDuration13027000JPY
Total changes of items during the periodCurrentYearDuration_SubscriptionRightsToSharesMember13027000JPY
Total changes of items during the periodCurrentYearDuration847979000JPY
Net assetsCurrentYearInstant_SubscriptionRightsToSharesMember21840000JPY
Net assetsCurrentYearInstant918851000JPY
Income before income taxesCurrentYearDuration-515660000JPY
Depreciation and amortization ope cfCurrentYearDuration1349000JPY
Impairment loss ope cfCurrentYearDuration332109000JPY
Amortization of goodwill ope cfCurrentYearDuration14225000JPY
Amortization of goodwill el ope cfCurrentYearDuration122000JPY
Increase decrease in allowance for doubtful accounts ope cfCurrentYearDuration-2318000JPY
Interest and dividends income ope cfCurrentYearDuration-176000JPY
Interest expenses ope cfCurrentYearDuration854000JPY
Loss gain on transfer of business ope cfCurrentYearDuration-2173000JPY
Decrease increase in notes and accounts receivable trade ope cfCurrentYearDuration84960000JPY
Decrease increase in inventories ope cfCurrentYearDuration3774000JPY
Increase decrease in notes and accounts payable trade ope cfCurrentYearDuration-76139000JPY
Increase decrease in provision for bonuses ope cfCurrentYearDuration-225000JPY
Other net ope cfCurrentYearDuration-14153000JPY
Subtotal ope cfCurrentYearDuration-173450000JPY
Interest and dividends income received ope cf inv cfCurrentYearDuration176000JPY
Income taxes paid ope cfCurrentYearDuration-6137000JPY
Income taxes refund ope cfCurrentYearDuration2000JPY
Net cash provided by used in operating activitiesCurrentYearDuration-179408000JPY
Purchase of property plant and equipment inv cfCurrentYearDuration-1135000JPY
Proceeds from transfer of business inv cfCurrentYearDuration35299000JPY
Other net inv cfCurrentYearDuration276000JPY
Net cash provided by used in investment activitiesCurrentYearDuration34440000JPY
Proceeds from issuance of subscription rights to shares fin cfCurrentYearDuration16920000JPY
Proceeds from issuance of common stock fin cfCurrentYearDuration707492000JPY
Net cash provided by used in financing activitiesCurrentYearDuration724412000JPY
Net increase decrease in cash and cash equivalentsCurrentYearDuration579444000JPY

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 · 17 of 17 passed
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass