Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-31
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 156
MetricValuePeriodScopeSource row
Revenue¥2.6bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥2.7bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥896m2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥1.6bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥501m2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Revenue¥621m2020-01-01 → 2020-12-31dCons.Net sales (5-year summary)
Operating income−¥1.8bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income−¥2.3bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income−¥1.1bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥2.2bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income−¥2.1bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥2.2bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.2bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.1bn2020-01-01 → 2020-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥1.4bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥2.4bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)−¥1.4bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.4bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.5bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥2.6bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.2bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.5bn2020-01-01 → 2020-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥1.4bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥2.4bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥5.7bnat 2025-12-31Cons.Assets
Total assets¥4.6bnat 2024-12-31Cons.Assets
Total assets¥5.1bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥5.0bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥5.7bnat 2021-12-31dCons.Total assets (5-year summary)
Total assets¥4.0bnat 2020-12-31dCons.Total assets (5-year summary)
Total liabilities¥3.9bnat 2025-12-31Cons.Liabilities
Total liabilities¥4.4bnat 2024-12-31Cons.Liabilities
Net assets / equity¥1.8bnat 2025-12-31Cons.Net assets
Net assets / equity¥195mat 2024-12-31Cons.Net assets
Net assets / equity¥2.3bnat 2023-12-31vCons.Net assets
Net assets / equity¥2.9bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥5.4bnat 2021-12-31dCons.Net assets (5-year summary)
Net assets / equity¥3.6bnat 2020-12-31dCons.Net assets (5-year summary)
Cash and deposits¥2.0bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥1.2bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥2.0bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥2.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.9bnat 2020-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥1.2bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.9bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥2.6bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥2.1bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.3bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.2bn2020-01-01 → 2020-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥7m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥47m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥94m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥271m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥752m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥749m2020-01-01 → 2020-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥2.0bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.7bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥2.8bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥3.0bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥29m2020-01-01 → 2020-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-84.712025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-159.942024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-197.052023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-209.772022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-103.942021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-139.542020-01-01 → 2020-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥91.28at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥6.14at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥147.99at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥229.66at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥436.03at 2021-12-31dCons.Net assets per share (5-year summary)
Net assets per share¥325.92at 2020-12-31dCons.Net assets per share (5-year summary)
Equity ratio29.1%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio2.0%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio42.2%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio57.1%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio94.0%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
Equity ratio88.6%at 2020-12-31dCons.Equity to asset ratio (5-year summary)
Employees58at 2025-12-31Cons.Number of employees
Employees56at 2024-12-31Cons.Number of employees
Employees90at 2023-12-31vCons.Number of employees
Employees71at 2022-12-31vCons.Number of employees
Employees70at 2021-12-31dCons.Number of employees
Employees65at 2020-12-31dCons.Number of employees
Revenue¥2.3bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥2.7bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥885m2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.6bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥501m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Revenue¥621m2020-01-01 → 2020-12-31dStandaloneNet sales (5-year summary)
Operating income−¥1.7bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥2.1bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥905m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥2.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥2.1bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥2.3bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.2bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.1bn2020-01-01 → 2020-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥2.3bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥1.3bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥2.3bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥2.5bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥2.6bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥1.2bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Net income−¥1.5bn2020-01-01 → 2020-12-31dStandaloneNet income loss (5-year summary)
Total assets¥5.8bnat 2025-12-31StandaloneAssets
Total assets¥4.8bnat 2024-12-31StandaloneAssets
Total assets¥5.2bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥5.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥5.7bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total assets¥4.0bnat 2020-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥3.8bnat 2025-12-31StandaloneLiabilities
Total liabilities¥4.4bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥2.1bnat 2025-12-31StandaloneNet assets
Net assets / equity¥384mat 2024-12-31StandaloneNet assets
Net assets / equity¥2.3bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥2.9bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥5.4bnat 2021-12-31dStandaloneNet assets (5-year summary)
Net assets / equity¥3.6bnat 2020-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.8bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.2bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-78.712025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-152.42024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-190.62023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-209.182022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-103.752021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-139.542020-01-01 → 2020-12-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥108at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥18.87at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥153.75at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥229.17at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥435.92at 2021-12-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥325.92at 2020-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio33.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio5.9%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio43.1%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio57.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio94.1%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio88.7%at 2020-12-31dStandaloneEquity to asset ratio (5-year summary)
Shares issued18,045,018at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued14,930,675at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued14,514,261at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued12,380,835at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued12,318,600at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued10,899,675at 2020-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees54at 2025-12-31StandaloneNumber of employees
Employees52at 2024-12-31StandaloneNumber of employees
Employees87at 2023-12-31vStandaloneNumber of employees
Employees71at 2022-12-31vStandaloneNumber of employees
Employees70at 2021-12-31dStandaloneNumber of employees
Employees65at 2020-12-31dStandaloneNumber 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.

All source rows · 1,310
ItemContextValueUnit
Total changes of items during the periodPrior1YearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember-12991000JPY
Total changes of items during the periodPrior1YearDuration_NonConsolidatedMember-1962800000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember102594000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember384314000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_CapitalStockMember149981000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_LegalCapitalSurplusMember1564086000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_OtherCapitalSurplusMember827691000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_CapitalSurplusMember2391778000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember-2259624000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_RetainedEarningsMember-2259624000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_TreasuryStockMember-414000JPY
Net assetsPrior1YearInstant_NonConsolidatedMember_ShareholdersEquityMember281719000JPY
Issuance of new sharesCurrentYearDuration_NonConsolidatedMember_CapitalStockMember1187622000JPY
Issuance of new sharesCurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember1187622000JPY
Issuance of new sharesCurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember1187622000JPY
Issuance of new sharesCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember2375245000JPY
Issuance of new sharesexercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember_CapitalStockMember279590000JPY
Issuance of new sharesexercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember279590000JPY
Issuance of new sharesexercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember279590000JPY
Issuance of new sharesexercise of subscription rights to sharesCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember559180000JPY
Capital reductionCurrentYearDuration_NonConsolidatedMember_CapitalStockMember-139981000JPY
Capital reductionCurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember-1564086000JPY
Capital reductionCurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember1704067000JPY
Capital reductionCurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember139981000JPY
Capital reductionCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember-1704067000JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember-1704067000JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember1704067000JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember1704067000JPY
Deficit dispositionCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember-1267214000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember-1267214000JPY
Profit lossCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-1267214000JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember_TreasuryStockMember-25000JPY
Purchase of treasury stockCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember-25000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_CapitalStockMember1327232000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember-96873000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember-JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember-96873000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember436853000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember436853000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_TreasuryStockMember-25000JPY
Total changes of items during the periodCurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember1667186000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_CapitalStockMember1477213000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_LegalCapitalSurplusMember1467213000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_OtherCapitalSurplusMember827691000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_CapitalSurplusMember2294904000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember-1822771000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember-1822771000JPY
Net assetsCurrentYearInstant_NonConsolidatedMember_TreasuryStockMember-440000JPY

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