Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-31

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 156

Metric	Value	Period	Scope	Source row
Revenue	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥2.7bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥896m	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥501m	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥621m	2020-01-01 → 2020-12-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥1.8bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥2.3bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥1.1bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥2.2bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥2.1bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥2.2bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥1.1bn	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥1.4bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥2.4bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥1.4bn	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)	−¥2.6bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥1.5bn	2020-01-01 → 2020-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥1.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥2.4bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥5.7bn	at 2025-12-31	Cons.	Assets
Total assets	¥4.6bn	at 2024-12-31	Cons.	Assets
Total assets	¥5.1bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.0bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.7bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥4.0bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥3.9bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥4.4bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥1.8bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥195m	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥2.3bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥2.9bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥5.4bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥3.6bn	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.0bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.2bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.0bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.2bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.5bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.4bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.8bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.9bn	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥1.2bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥1.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥2.6bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥2.1bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.2bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥7m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥47m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥94m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥271m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥752m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥749m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥2.0bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥1.7bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥2.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥1.0bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥3.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥29m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-84.71	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-159.94	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-197.05	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-209.77	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-103.94	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-139.54	2020-01-01 → 2020-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥91.28	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥6.14	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥147.99	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥229.66	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥436.03	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥325.92	at 2020-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	29.1%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	2.0%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	42.2%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	57.1%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	94.0%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	88.6%	at 2020-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Employees	58	at 2025-12-31	Cons.	Number of employees
Employees	56	at 2024-12-31	Cons.	Number of employees
Employees	90	at 2023-12-31^v	Cons.	Number of employees
Employees	71	at 2022-12-31^v	Cons.	Number of employees
Employees	70	at 2021-12-31^d	Cons.	Number of employees
Employees	65	at 2020-12-31^d	Cons.	Number of employees
Revenue	¥2.3bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥2.7bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥885m	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥1.6bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥501m	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥621m	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥1.7bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥2.1bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥905m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥2.1bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥2.1bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥2.3bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥1.2bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥1.1bn	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥1.3bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥2.3bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥1.3bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥2.3bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥2.5bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥2.6bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥1.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥1.5bn	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥5.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥4.8bn	at 2024-12-31	Standalone	Assets
Total assets	¥5.2bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥5.0bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥5.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥4.0bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.8bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥4.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥2.1bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥384m	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥2.3bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥2.9bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥5.4bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥3.6bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.8bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.2bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-78.71	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-152.4	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-190.6	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-209.18	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-103.75	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-139.54	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Net assets per share	¥108	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥18.87	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥153.75	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥229.17	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥435.92	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥325.92	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	33.5%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	5.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	43.1%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.2%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	94.1%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	88.7%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Shares issued	18,045,018	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,930,675	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	14,514,261	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,380,835	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	12,318,600	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	10,899,675	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	54	at 2025-12-31	Standalone	Number of employees
Employees	52	at 2024-12-31	Standalone	Number of employees
Employees	87	at 2023-12-31^v	Standalone	Number of employees
Employees	71	at 2022-12-31^v	Standalone	Number of employees
Employees	70	at 2021-12-31^d	Standalone	Number of employees
Employees	65	at 2020-12-31^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 · 1,310

Item	Context	Value	Unit
Independent auditors report consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 監査法人アヴァンティア
Cpa1 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 金　　井　　政　　直
Cpa2 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 宮　　澤　　勇　　貴
Key audit matters consolidated (text)	FilingDateInstant	Text · Plus
Overview kam consolidated (text)	FilingDateInstant	Text · Plus
Short description kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 機体販売に係る売上高の期間帰属の妥当性
Description including reason kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Reference kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 【注記事項】（連結財務諸表作成のための基本となる重要な事項）４（5）重要な収益及び費用の計上基準
Auditors response kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Other information consolidated (text)	FilingDateInstant	Text · Plus
Fee related information consolidated (text)	FilingDateInstant	Text · Plus
Independent auditors report non consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 監査法人アヴァンティア
Cpa1 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 金　　井　　政　　直
Cpa2 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 宮　　澤　　勇　　貴
Key audit matters non consolidated (text)	FilingDateInstant	Text · Plus
Overview kam non consolidated (text)	FilingDateInstant	Text · Plus
Short description kam non consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 機体販売に係る売上高の期間帰属の妥当性
Same as kam for consolidated fskam non consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Other information non consolidated (text)	FilingDateInstant	Text · Plus
Fee related information non consolidated (text)	FilingDateInstant	Text · Plus
Number of submission	FilingDateInstant	1
Net sales (5-year summary)	Prior5YearDuration	620705000	JPY
Net sales (5-year summary)	Prior4YearDuration	501013000	JPY
Net sales (5-year summary)	Prior3YearDuration	1635192000	JPY
Net sales (5-year summary)	Prior2YearDuration	896362000	JPY
Net sales (5-year summary)	Prior1YearDuration	2655602000	JPY
Net sales (5-year summary)	CurrentYearDuration	2598734000	JPY
Ordinary income loss (5-year summary)	Prior5YearDuration	-1081647000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration	-1213748000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration	-2174230000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration	-2102936000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration	-2188320000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration	-1075217000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior5YearDuration	-1511710000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior4YearDuration	-1225869000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior3YearDuration	-2591834000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior2YearDuration	-2543190000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior1YearDuration	-2371396000	JPY
Profit loss attributable to owners of parent (5-year summary)	CurrentYearDuration	-1363939000	JPY
Comprehensive income (5-year summary)	Prior5YearDuration	-1508567000	JPY
Comprehensive income (5-year summary)	Prior4YearDuration	-1213246000	JPY
Comprehensive income (5-year summary)	Prior3YearDuration	-2544096000	JPY
Comprehensive income (5-year summary)	Prior2YearDuration	-2604739000	JPY
Comprehensive income (5-year summary)	Prior1YearDuration	-2366980000	JPY
Comprehensive income (5-year summary)	CurrentYearDuration	-1379027000	JPY
Net assets (5-year summary)	Prior5YearInstant	3572642000	JPY
Net assets (5-year summary)	Prior4YearInstant	5419419000	JPY
Net assets (5-year summary)	Prior3YearInstant	2938782000	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 rounding
balance sheet identity	non_consolidated 2024-12-31	pass rounding
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