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
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember342126000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember161500000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember281946000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember1048944000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember44.46
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember32.08
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember6.37
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember4.53
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember36.35
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-20.71
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-22.75
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-49.35
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-19.19
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-28.65
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.857
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.792
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.434
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.220
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.866
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember-0.378
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember-0.590
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember-2.942
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember-3.622
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember-1.048
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration_NonConsolidatedMember-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 · 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