Annual report

Period2025-02-21 → 2026-02-20

Filed2026-05-14

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 157

Metric	Value	Period	Scope	Source row
Revenue	¥21.2bn	2025-02-21 → 2026-02-20	Cons.	Net sales
Revenue	¥20.0bn	2024-02-21 → 2025-02-20	Cons.	Net sales
Revenue	¥21.7bn	2023-02-21 → 2024-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥26.5bn	2022-02-21 → 2023-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥23.6bn	2021-02-21 → 2022-02-20^d	Cons.	Net sales (5-year summary)
Operating income	¥163m	2025-02-21 → 2026-02-20	Cons.	Operating income
Operating income	−¥300m	2024-02-21 → 2025-02-20	Cons.	Operating income
Ordinary income	¥351m	2025-02-21 → 2026-02-20	Cons.	Ordinary income
Ordinary income	−¥143m	2024-02-21 → 2025-02-20	Cons.	Ordinary income
Ordinary income	¥1.4bn	2023-02-21 → 2024-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.2bn	2022-02-21 → 2023-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.4bn	2021-02-21 → 2022-02-20^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.1bn	2025-02-21 → 2026-02-20	Cons.	Income before income taxes
Profit before tax	¥476m	2024-02-21 → 2025-02-20	Cons.	Income before income taxes
Net income (owners)	¥2.0bn	2025-02-21 → 2026-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥778m	2024-02-21 → 2025-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.4bn	2023-02-21 → 2024-02-20^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥2.7bn	2022-02-21 → 2023-02-20^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.7bn	2021-02-21 → 2022-02-20^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.9bn	2025-02-21 → 2026-02-20	Cons.	Profit loss
Net income	−¥788m	2024-02-21 → 2025-02-20	Cons.	Profit loss
Total assets	¥52.4bn	at 2026-02-20	Cons.	Assets
Total assets	¥52.4bn	at 2025-02-20	Cons.	Assets
Total assets	¥49.3bn	at 2024-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥49.6bn	at 2023-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥50.2bn	at 2022-02-20^d	Cons.	Total assets (5-year summary)
Total liabilities	¥16.1bn	at 2026-02-20	Cons.	Liabilities
Total liabilities	¥18.1bn	at 2025-02-20	Cons.	Liabilities
Net assets / equity	¥36.3bn	at 2026-02-20	Cons.	Net assets
Net assets / equity	¥34.3bn	at 2025-02-20	Cons.	Net assets
Net assets / equity	¥34.8bn	at 2024-02-20^v	Cons.	Net assets
Net assets / equity	¥33.1bn	at 2023-02-20^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥30.1bn	at 2022-02-20^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥13.4bn	at 2026-02-20	Cons.	Cash and deposits
Cash and deposits	¥15.3bn	at 2025-02-20	Cons.	Cash and deposits
Cash & equivalents	¥9.4bn	at 2026-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.7bn	at 2025-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.9bn	at 2024-02-20^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.9bn	at 2023-02-20^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥9.4bn	at 2022-02-20^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.1bn	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.1bn	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥323m	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥388m	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.3bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥265m	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1.1bn	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1.1bn	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.4bn	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.4bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥1.7bn	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥773m	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.1bn	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥823m	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥2.5bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥74.51	2025-02-21 → 2026-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-29.41	2024-02-21 → 2025-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥52.23	2023-02-21 → 2024-02-20^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥101.21	2022-02-21 → 2023-02-20^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥66.07	2021-02-21 → 2022-02-20^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥74.37	2025-02-21 → 2026-02-20	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥52.1	2023-02-21 → 2024-02-20^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥100.76	2022-02-21 → 2023-02-20^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥65.71	2021-02-21 → 2022-02-20^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,368.61	at 2026-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,293	at 2025-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,313.85	at 2024-02-20^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,252.73	at 2023-02-20^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,138.92	at 2022-02-20^d	Cons.	Net assets per share (5-year summary)
Equity ratio	69.1%	at 2026-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	65.3%	at 2025-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.4%	at 2024-02-20^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	66.5%	at 2023-02-20^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.6%	at 2022-02-20^d	Cons.	Equity to asset ratio (5-year summary)
ROE	5.6%	2025-02-21 → 2026-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	-2.3%	2024-02-21 → 2025-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	4.1%	2023-02-21 → 2024-02-20^v	Cons.	Rate of return on equity (5-year summary)
ROE	8.5%	2022-02-21 → 2023-02-20^v	Cons.	Rate of return on equity (5-year summary)
ROE	6.1%	2021-02-21 → 2022-02-20^d	Cons.	Rate of return on equity (5-year summary)
Employees	641	at 2026-02-20	Cons.	Number of employees
Employees	597	at 2025-02-20	Cons.	Number of employees
Employees	583	at 2024-02-20^v	Cons.	Number of employees
Employees	617	at 2023-02-20^v	Cons.	Number of employees
Employees	639	at 2022-02-20^d	Cons.	Number of employees
Revenue	¥13.6bn	2025-02-21 → 2026-02-20	Standalone	Net sales
Revenue	¥15.4bn	2024-02-21 → 2025-02-20	Standalone	Net sales
Revenue	¥14.9bn	2023-02-21 → 2024-02-20^v	Standalone	Net sales (5-year summary)
Revenue	¥14.2bn	2022-02-21 → 2023-02-20^v	Standalone	Net sales (5-year summary)
Revenue	¥17.2bn	2021-02-21 → 2022-02-20^d	Standalone	Net sales (5-year summary)
Operating income	¥45m	2025-02-21 → 2026-02-20	Standalone	Operating income
Operating income	−¥357m	2024-02-21 → 2025-02-20	Standalone	Operating income
Ordinary income	¥4.1bn	2025-02-21 → 2026-02-20	Standalone	Ordinary income
Ordinary income	¥1.4bn	2024-02-21 → 2025-02-20	Standalone	Ordinary income
Ordinary income	¥447m	2023-02-21 → 2024-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥689m	2022-02-21 → 2023-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥2.4bn	2021-02-21 → 2022-02-20^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥6.1bn	2025-02-21 → 2026-02-20	Standalone	Income before income taxes
Profit before tax	¥2.0bn	2024-02-21 → 2025-02-20	Standalone	Income before income taxes
Net income	¥5.5bn	2025-02-21 → 2026-02-20	Standalone	Profit loss
Net income	¥1.7bn	2024-02-21 → 2025-02-20	Standalone	Profit loss
Net income	¥701m	2023-02-21 → 2024-02-20^v	Standalone	Net income loss (5-year summary)
Net income	¥808m	2022-02-21 → 2023-02-20^v	Standalone	Net income loss (5-year summary)
Net income	¥1.7bn	2021-02-21 → 2022-02-20^d	Standalone	Net income loss (5-year summary)
Total assets	¥39.6bn	at 2026-02-20	Standalone	Assets
Total assets	¥36.6bn	at 2025-02-20	Standalone	Assets
Total assets	¥35.4bn	at 2024-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥35.9bn	at 2023-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥37.6bn	at 2022-02-20^d	Standalone	Total assets (5-year summary)
Total liabilities	¥10.5bn	at 2026-02-20	Standalone	Liabilities
Total liabilities	¥12.8bn	at 2025-02-20	Standalone	Liabilities
Net assets / equity	¥29.0bn	at 2026-02-20	Standalone	Net assets
Net assets / equity	¥23.7bn	at 2025-02-20	Standalone	Net assets
Net assets / equity	¥22.9bn	at 2024-02-20^v	Standalone	Net assets
Net assets / equity	¥22.7bn	at 2023-02-20^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥22.3bn	at 2022-02-20^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.5bn	at 2026-02-20	Standalone	Cash and deposits
Cash and deposits	¥3.2bn	at 2025-02-20	Standalone	Cash and deposits
EPS (basic)	¥208.78	2025-02-21 → 2026-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.19	2024-02-21 → 2025-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.54	2023-02-21 → 2024-02-20^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥30.67	2022-02-21 → 2023-02-20^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.23	2021-02-21 → 2022-02-20^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥208.37	2025-02-21 → 2026-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥64	2024-02-21 → 2025-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥26.47	2023-02-21 → 2024-02-20^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥30.54	2022-02-21 → 2023-02-20^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥63.88	2021-02-21 → 2022-02-20^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥12	2025-02-21 → 2026-02-20	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥10	2024-02-21 → 2025-02-20	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2023-02-21 → 2024-02-20^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥25.2	2022-02-21 → 2023-02-20^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥16.2	2021-02-21 → 2022-02-20^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,094.63	at 2026-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥895.52	at 2025-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥866.52	at 2024-02-20^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥858.72	at 2023-02-20^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥842.98	at 2022-02-20^d	Standalone	Net assets per share (5-year summary)
Equity ratio	73.2%	at 2026-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.8%	at 2025-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.7%	at 2024-02-20^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	63.0%	at 2023-02-20^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.0%	at 2022-02-20^d	Standalone	Equity to asset ratio (5-year summary)
ROE	21.0%	2025-02-21 → 2026-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	7.3%	2024-02-21 → 2025-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	3.1%	2023-02-21 → 2024-02-20^v	Standalone	Rate of return on equity (5-year summary)
ROE	3.6%	2022-02-21 → 2023-02-20^v	Standalone	Rate of return on equity (5-year summary)
ROE	7.8%	2021-02-21 → 2022-02-20^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	28,800,000	at 2026-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2025-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2024-02-20^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2023-02-20^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2022-02-20^d	Standalone	Total number of issued shares (5-year summary)
Employees	330	at 2026-02-20	Standalone	Number of employees
Employees	300	at 2025-02-20	Standalone	Number of employees
Employees	304	at 2024-02-20^v	Standalone	Number of employees
Employees	310	at 2023-02-20^v	Standalone	Number of employees
Employees	316	at 2022-02-20^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 · 1,570

Item	Context	Value	Unit
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-1037991000	JPY
Increase decrease in contract liabilities ope cf	Prior1YearDuration	1424061000	JPY
Increase decrease in contract liabilities ope cf	CurrentYearDuration	-660044000	JPY
Increase decrease in accrued consumption taxes ope cf	Prior1YearDuration	-50292000	JPY
Increase decrease in accrued consumption taxes ope cf	CurrentYearDuration	18027000	JPY
Decrease increase in consumption taxes refund receivable ope cf	Prior1YearDuration	-202038000	JPY
Decrease increase in consumption taxes refund receivable ope cf	CurrentYearDuration	252221000	JPY
Other net ope cf	Prior1YearDuration	-173458000	JPY
Other net ope cf	CurrentYearDuration	655772000	JPY
Subtotal ope cf	Prior1YearDuration	1190649000	JPY
Subtotal ope cf	CurrentYearDuration	1643367000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	207625000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	137218000	JPY
Income taxes paid ope cf	Prior1YearDuration	-257076000	JPY
Income taxes paid ope cf	CurrentYearDuration	-465597000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-48836000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-55022000	JPY
Litigation settlement paid ope cf	Prior1YearDuration	－	JPY
Litigation settlement paid ope cf	CurrentYearDuration	-127736000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	1092362000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	1132229000	JPY
Net decrease increase in time deposits inv cf	Prior1YearDuration	1507030000	JPY
Net decrease increase in time deposits inv cf	CurrentYearDuration	1629437000	JPY
Payment into long term deposit inv cf	Prior1YearDuration	-31842000	JPY
Payment into long term deposit inv cf	CurrentYearDuration	－	JPY
Income from repayment of long term deposits inv cf	Prior1YearDuration	－	JPY
Income from repayment of long term deposits inv cf	CurrentYearDuration	64875000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-630303000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-368247000	JPY
Proceeds from sales of property plant and equipment inv cf	Prior1YearDuration	1265000	JPY
Proceeds from sales of property plant and equipment inv cf	CurrentYearDuration	195000	JPY
Purchase of intangible assets inv cf	Prior1YearDuration	-48937000	JPY
Purchase of intangible assets inv cf	CurrentYearDuration	-78893000	JPY
Subsidies received inv cf	Prior1YearDuration	－	JPY
Subsidies received inv cf	CurrentYearDuration	1770410000	JPY
Purchase of investment securities inv cf	Prior1YearDuration	-57655000	JPY
Purchase of investment securities inv cf	CurrentYearDuration	-596734000	JPY
Proceeds from sales of investment securities inv cf	Prior1YearDuration	671938000	JPY
Proceeds from sales of investment securities inv cf	CurrentYearDuration	71000	JPY
Purchase of equity of subsidiaries resulting in change in scope of consolidation inv cf	Prior1YearDuration	-270159000	JPY
Purchase of equity of subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	－	JPY
Payments for transfer of business2 inv cf	Prior1YearDuration	－	JPY
Payments for transfer of business2 inv cf	CurrentYearDuration	-2150000000	JPY
Other net inv cf	Prior1YearDuration	-4555000	JPY
Other net inv cf	CurrentYearDuration	-5766000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	1136780000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	265347000	JPY
Proceeds from long term loans payable fin cf	Prior1YearDuration	－	JPY
Proceeds from long term loans payable fin cf	CurrentYearDuration	4000000000	JPY
Repayment of long term loans payable fin cf	Prior1YearDuration	-323678000	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 2025-02-20	pass
balance sheet identity	consolidated 2026-02-20	pass rounding
balance sheet identity	non_consolidated 2025-02-20	pass rounding
balance sheet identity	non_consolidated 2026-02-20	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-02-20	pass
statement vs summary · net assets	consolidated 2025-02-20	pass
statement vs summary · net assets	consolidated 2026-02-20	pass
statement vs summary · net assets	non_consolidated 2024-02-20	pass
statement vs summary · net assets	non_consolidated 2025-02-20	pass
statement vs summary · net assets	non_consolidated 2026-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · operating cash flow	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · operating cash flow	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	non_consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	non_consolidated 2025-02-21/2026-02-20	pass
statement vs summary · total assets	consolidated 2025-02-20	pass
statement vs summary · total assets	consolidated 2026-02-20	pass
statement vs summary · total assets	non_consolidated 2025-02-20	pass
statement vs summary · total assets	non_consolidated 2026-02-20	pass