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
Comprehensive income IFRS (5-year summary)Prior3YearDuration9888000000JPY
Comprehensive income IFRS (5-year summary)Prior2YearDuration8018000000JPY
Comprehensive income IFRS (5-year summary)Prior1YearDuration7866000000JPY
Comprehensive income IFRS (5-year summary)CurrentYearDuration8018000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior4YearInstant58986000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior3YearInstant64224000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior2YearInstant66730000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior1YearInstant70160000000JPY
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant73928000000JPY
Total assets IFRS (5-year summary)Prior4YearInstant178312000000JPY
Total assets IFRS (5-year summary)Prior3YearInstant176250000000JPY
Total assets IFRS (5-year summary)Prior2YearInstant175465000000JPY
Total assets IFRS (5-year summary)Prior1YearInstant174413000000JPY
Total assets IFRS (5-year summary)CurrentYearInstant169821000000JPY
Equity to asset ratio IFRS (5-year summary)Prior4YearInstant801.91
Equity to asset ratio IFRS (5-year summary)Prior3YearInstant873.05
Equity to asset ratio IFRS (5-year summary)Prior2YearInstant907.54
Equity to asset ratio IFRS (5-year summary)Prior1YearInstant953.69
Equity to asset ratio IFRS (5-year summary)CurrentYearInstant994.38
Basic earnings loss per share IFRS (5-year summary)Prior4YearDuration121.65
Basic earnings loss per share IFRS (5-year summary)Prior3YearDuration126.82
Basic earnings loss per share IFRS (5-year summary)Prior2YearDuration102.61
Basic earnings loss per share IFRS (5-year summary)Prior1YearDuration108.81
Basic earnings loss per share IFRS (5-year summary)CurrentYearDuration110.22
Diluted earnings loss per share IFRS (5-year summary)Prior4YearDuration120.77
Diluted earnings loss per share IFRS (5-year summary)Prior3YearDuration126.00
Diluted earnings loss per share IFRS (5-year summary)Prior2YearDuration102.05
Diluted earnings loss per share IFRS (5-year summary)Prior1YearDuration108.12
Diluted earnings loss per share IFRS (5-year summary)CurrentYearDuration110.06
Ratio of owners equity to gross assets IFRS (5-year summary)Prior4YearInstant0.331
Ratio of owners equity to gross assets IFRS (5-year summary)Prior3YearInstant0.364
Ratio of owners equity to gross assets IFRS (5-year summary)Prior2YearInstant0.380
Ratio of owners equity to gross assets IFRS (5-year summary)Prior1YearInstant0.402
Ratio of owners equity to gross assets IFRS (5-year summary)CurrentYearInstant0.435
Rate of return on equity IFRS (5-year summary)Prior4YearDuration0.160
Rate of return on equity IFRS (5-year summary)Prior3YearDuration0.151
Rate of return on equity IFRS (5-year summary)Prior2YearDuration0.115
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.117
Rate of return on equity IFRS (5-year summary)CurrentYearDuration0.114
Price earnings ratio IFRS (5-year summary)Prior4YearDuration11.0
Price earnings ratio IFRS (5-year summary)Prior3YearDuration11.4
Price earnings ratio IFRS (5-year summary)Prior2YearDuration16.6
Price earnings ratio IFRS (5-year summary)Prior1YearDuration11.7
Price earnings ratio IFRS (5-year summary)CurrentYearDuration13.5
Cash flows from used in operating activities IFRS (5-year summary)Prior4YearDuration16278000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior3YearDuration18172000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior2YearDuration13587000000JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration17391000000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration16533000000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior4YearDuration-2431000000JPY

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