Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-25
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 156
MetricValuePeriodScopeSource row
Revenue¥145.8bn2025-03-01 → 2026-02-28Cons.Revenue IFRS
Revenue¥143.6bn2024-03-01 → 2025-02-28Cons.Revenue IFRS
Revenue¥148.7bn2023-03-01 → 2024-02-29vCons.Revenue IFRS (5-year summary)
Revenue¥156.1bn2022-03-01 → 2023-02-28vCons.Revenue IFRS (5-year summary)
Revenue¥146.5bn2021-03-01 → 2022-02-28dCons.Revenue IFRS (5-year summary)
Operating income¥12.7bn2025-03-01 → 2026-02-28Cons.Operating profit loss IFRS
Operating income¥11.6bn2024-03-01 → 2025-02-28Cons.Operating profit loss IFRS
Profit before tax¥12.3bn2025-03-01 → 2026-02-28Cons.Profit loss before tax IFRS
Profit before tax¥11.2bn2024-03-01 → 2025-02-28Cons.Profit loss before tax IFRS
Profit before tax¥11.2bn2023-03-01 → 2024-02-29vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥14.2bn2022-03-01 → 2023-02-28vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥13.5bn2021-03-01 → 2022-02-28dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥8.2bn2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥8.0bn2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥7.5bn2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥9.3bn2022-03-01 → 2023-02-28vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥8.9bn2021-03-01 → 2022-02-28dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥8.4bn2025-03-01 → 2026-02-28Cons.Profit loss IFRS
Net income¥8.3bn2024-03-01 → 2025-02-28Cons.Profit loss IFRS
Total assets¥169.8bnat 2026-02-28Cons.Assets IFRS
Total assets¥174.4bnat 2025-02-28Cons.Assets IFRS
Total assets¥175.5bnat 2024-02-29vCons.Total assets IFRS (5-year summary)
Total assets¥176.3bnat 2023-02-28vCons.Total assets IFRS (5-year summary)
Total assets¥178.3bnat 2022-02-28dCons.Total assets IFRS (5-year summary)
Total liabilities¥95.0bnat 2026-02-28Cons.Liabilities IFRS
Total liabilities¥103.6bnat 2025-02-28Cons.Liabilities IFRS
Net assets / equity¥74.8bnat 2026-02-28Cons.Equity IFRS
Net assets / equity¥70.8bnat 2025-02-28Cons.Equity IFRS
Net assets / equity¥67.7bnat 2024-02-29vCons.Equity IFRS
Equity (owners)¥73.9bnat 2026-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥70.2bnat 2025-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥66.7bnat 2024-02-29vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥64.2bnat 2023-02-28vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥59.0bnat 2022-02-28dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥7.2bnat 2026-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥7.0bnat 2025-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥7.2bnat 2024-02-29vCons.Cash and cash equivalents IFRS
Cash & equivalents¥7.0bnat 2023-02-28vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥6.2bnat 2022-02-28dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥16.5bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥17.4bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥13.6bn2023-03-01 → 2024-02-29vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥18.2bn2022-03-01 → 2023-02-28vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥16.3bn2021-03-01 → 2022-02-28dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥571m2025-03-01 → 2026-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.7bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.1bn2023-03-01 → 2024-02-29vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥1.8bn2022-03-01 → 2023-02-28vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥2.4bn2021-03-01 → 2022-02-28dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥15.8bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥13.9bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥10.3bn2023-03-01 → 2024-02-29vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥15.6bn2022-03-01 → 2023-02-28vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥13.2bn2021-03-01 → 2022-02-28dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥110.222025-03-01 → 2026-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥108.812024-03-01 → 2025-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥102.612023-03-01 → 2024-02-29vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥126.822022-03-01 → 2023-02-28vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥121.652021-03-01 → 2022-02-28dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥110.062025-03-01 → 2026-02-28Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥108.122024-03-01 → 2025-02-28Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥102.052023-03-01 → 2024-02-29vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥1262022-03-01 → 2023-02-28vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥120.772021-03-01 → 2022-02-28dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥994.38at 2026-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥953.69at 2025-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥907.54at 2024-02-29vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥873.05at 2023-02-28vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥801.91at 2022-02-28dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio43.5%at 2026-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio40.2%at 2025-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio38.0%at 2024-02-29vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio36.4%at 2023-02-28vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio33.1%at 2022-02-28dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE11.4%2025-03-01 → 2026-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE11.7%2024-03-01 → 2025-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE11.5%2023-03-01 → 2024-02-29vCons.Rate of return on equity IFRS (5-year summary)
ROE15.1%2022-03-01 → 2023-02-28vCons.Rate of return on equity IFRS (5-year summary)
ROE16.0%2021-03-01 → 2022-02-28dCons.Rate of return on equity IFRS (5-year summary)
Employees2,500at 2026-02-28Cons.Number of employees
Employees2,672at 2025-02-28Cons.Number of employees
Employees2,965at 2024-02-29vCons.Number of employees
Employees10,920at 2023-02-28vCons.Number of employees
Employees10,461at 2022-02-28dCons.Number of employees
Revenue¥16.9bn2025-03-01 → 2026-02-28StandaloneOperating revenue1
Revenue¥15.0bn2024-03-01 → 2025-02-28StandaloneOperating revenue1
Revenue¥18.0bn2023-03-01 → 2024-02-29vStandaloneOperating revenue1 (5-year summary)
Revenue¥16.4bn2022-03-01 → 2023-02-28vStandaloneOperating revenue1 (5-year summary)
Revenue¥19.4bn2021-03-01 → 2022-02-28dStandaloneOperating revenue1 (5-year summary)
Operating income¥2.5bn2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥868m2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥2.3bn2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥715m2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥3.8bn2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.3bn2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥5.0bn2021-03-01 → 2022-02-28dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥2.1bn2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥587m2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥567m2025-03-01 → 2026-02-28StandaloneProfit loss
Net income−¥572m2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥2.1bn2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥174m2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income¥2.9bn2021-03-01 → 2022-02-28dStandaloneNet income loss (5-year summary)
Total assets¥102.2bnat 2026-02-28StandaloneAssets
Total assets¥109.6bnat 2025-02-28StandaloneAssets
Total assets¥115.4bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥121.1bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥126.2bnat 2022-02-28dStandaloneTotal assets (5-year summary)
Total liabilities¥58.9bnat 2026-02-28StandaloneLiabilities
Total liabilities¥62.8bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥43.4bnat 2026-02-28StandaloneNet assets
Net assets / equity¥46.8bnat 2025-02-28StandaloneNet assets
Net assets / equity¥51.7bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥54.1bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥58.4bnat 2022-02-28dStandaloneNet assets (5-year summary)
Cash and deposits¥4.8bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥4.5bnat 2025-02-28StandaloneCash and deposits
EPS (basic)¥7.632025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-7.772024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥28.482023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥2.362022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥40.12021-03-01 → 2022-02-28dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥7.622025-03-01 → 2026-02-28StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥-7.722024-03-01 → 2025-02-28StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥28.322023-03-01 → 2024-02-29vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥2.342022-03-01 → 2023-02-28vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥39.812021-03-01 → 2022-02-28dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥602025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥602024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥602023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Dividend per share¥602022-03-01 → 2023-02-28vStandaloneDividend paid per share (5-year summary)
Dividend per share¥542021-03-01 → 2022-02-28dStandaloneDividend paid per share (5-year summary)
Net assets per share¥583.31at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥635.6at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥703.05at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥735.32at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥792.98at 2022-02-28dStandaloneNet assets per share (5-year summary)
Equity ratio42.4%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio42.7%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio44.8%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio44.7%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio46.2%at 2022-02-28dStandaloneEquity to asset ratio (5-year summary)
ROE1.3%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE4.0%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE0.3%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE5.0%2021-03-01 → 2022-02-28dStandaloneRate of return on equity (5-year summary)
Shares issued74,522,695at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued73,753,310at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued73,753,310at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued73,715,734at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued73,715,734at 2022-02-28dStandaloneTotal number of issued shares (5-year summary)
Employees242at 2026-02-28StandaloneNumber of employees
Employees220at 2025-02-28StandaloneNumber of employees
Employees218at 2024-02-29vStandaloneNumber of employees
Employees241at 2023-02-28vStandaloneNumber of employees
Employees235at 2022-02-28dStandaloneNumber 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 · 14
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2025-03-01 → 2026-02-28¥59m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2026-02-2810 pure
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-03-01 → 2026-02-28¥549m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2025-03-01 → 2026-02-28¥270m
CRM Businessreportable segmentcapex2025-03-01 → 2026-02-28¥1.4bn
CRM Businessreportable segmentemployeesat 2026-02-282248 pure
CRM Businessreportable segmentrevenue2025-03-01 → 2026-02-28¥145.6bn
CRM Businessreportable segmentrevenue external2025-03-01 → 2026-02-28¥145.6bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2024-03-01 → 2025-02-28¥133m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-03-01 → 2025-02-28¥732m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-03-01 → 2025-02-28¥411m
CRM Businessreportable segmentcapex2024-03-01 → 2025-02-28¥1.5bn
CRM Businessreportable segmentrevenue2024-03-01 → 2025-02-28¥143.2bn
CRM Businessreportable segmentrevenue external2024-03-01 → 2025-02-28¥143.2bn

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

All source rows · 1,822
ItemContextValueUnit
Other non current assets nca IFRSPrior1YearInstant256000000JPY
Other non current assets nca IFRSCurrentYearInstant352000000JPY
Non current assets IFRSPrior1YearInstant146371000000JPY
Non current assets IFRSCurrentYearInstant140104000000JPY
Assets IFRSPrior1YearInstant174413000000JPY
Assets IFRSCurrentYearInstant169821000000JPY
Trade payables cl IFRSPrior1YearInstant5634000000JPY
Trade payables cl IFRSCurrentYearInstant5820000000JPY
Borrowings cl IFRSPrior1YearInstant30799000000JPY
Borrowings cl IFRSCurrentYearInstant17300000000JPY
Other financial liabilities cl IFRSPrior1YearInstant6031000000JPY
Other financial liabilities cl IFRSCurrentYearInstant5738000000JPY
Income taxes payable cl IFRSPrior1YearInstant1834000000JPY
Income taxes payable cl IFRSCurrentYearInstant2743000000JPY
Liabilities for employee benefits cl IFRSPrior1YearInstant10813000000JPY
Liabilities for employee benefits cl IFRSCurrentYearInstant11362000000JPY
Provisions cl IFRSPrior1YearInstant65000000JPY
Provisions cl IFRSCurrentYearInstant95000000JPY
Other current liabilities cl IFRSPrior1YearInstant2237000000JPY
Other current liabilities cl IFRSCurrentYearInstant2732000000JPY
Total current liabilities IFRSPrior1YearInstant57413000000JPY
Total current liabilities IFRSCurrentYearInstant45790000000JPY
Borrowings ncl IFRSPrior1YearInstant23247000000JPY
Borrowings ncl IFRSCurrentYearInstant31438000000JPY
Other financial liabilities ncl IFRSPrior1YearInstant18429000000JPY
Other financial liabilities ncl IFRSCurrentYearInstant13737000000JPY
Long term liabilities for employee benefits ncl IFRSPrior1YearInstant962000000JPY
Long term liabilities for employee benefits ncl IFRSCurrentYearInstant572000000JPY
Provisions ncl IFRSPrior1YearInstant3303000000JPY
Provisions ncl IFRSCurrentYearInstant3294000000JPY
Deferred tax liabilities IFRSPrior1YearInstant187000000JPY
Deferred tax liabilities IFRSCurrentYearInstant173000000JPY
Other non current liabilities ncl IFRSPrior1YearInstant35000000JPY
Other non current liabilities ncl IFRSCurrentYearInstant35000000JPY
Non current labilities IFRSPrior1YearInstant46163000000JPY
Non current labilities IFRSCurrentYearInstant49249000000JPY
Liabilities IFRSPrior1YearInstant103576000000JPY
Liabilities IFRSCurrentYearInstant95039000000JPY
Share capital IFRSPrior1YearInstant27097000000JPY
Share capital IFRSCurrentYearInstant27456000000JPY
Capital surplus IFRSPrior1YearInstant-8058000000JPY
Capital surplus IFRSCurrentYearInstant-12321000000JPY
Retained earnings IFRSPrior1YearInstant51385000000JPY
Retained earnings IFRSCurrentYearInstant59566000000JPY
Treasury shares IFRSPrior1YearInstant-312000000JPY
Treasury shares IFRSCurrentYearInstant-296000000JPY
Other components of equity IFRSPrior1YearInstant48000000JPY
Other components of equity IFRSCurrentYearInstant-477000000JPY
Equity attributable to owners of parent IFRSPrior1YearInstant70160000000JPY
Equity attributable to owners of parent IFRSCurrentYearInstant73928000000JPY

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 · 21 of 21 passed
balance sheet identityconsolidated 2025-02-28pass
balance sheet identityconsolidated 2026-02-28pass
balance sheet identitynon_consolidated 2025-02-28pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-03-01/2025-02-28pass
statement vs summary · net income attributable to parentconsolidated 2025-03-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-03-01/2025-02-28pass
statement vs summary · operating cash flowconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenueconsolidated 2024-03-01/2025-02-28pass
statement vs summary · revenueconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-02-28pass
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass