Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 156
MetricValuePeriodScopeSource row
Revenue¥185.8bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥168.4bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥169.9bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥166.6bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥158.2bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥4.2bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.9bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥4.1bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.6bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥2.1bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥3.8bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥4.7bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥4.4bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥1.5bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥2.8bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥3.0bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥29m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥4.1bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥3.2bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.9bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥2.6bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥209.5bnat 2025-12-31Cons.Assets
Total assets¥206.1bnat 2024-12-31Cons.Assets
Total assets¥217.1bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥206.5bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥187.7bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥131.0bnat 2025-12-31Cons.Liabilities
Total liabilities¥134.3bnat 2024-12-31Cons.Liabilities
Net assets / equity¥78.4bnat 2025-12-31Cons.Net assets
Net assets / equity¥71.8bnat 2024-12-31Cons.Net assets
Net assets / equity¥74.2bnat 2023-12-31vCons.Net assets
Net assets / equity¥72.3bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥66.6bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥12.9bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥8.2bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥12.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥8.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥9.9bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥10.7bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥14.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥23.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥8.8bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥2.5bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥3.4bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥14.2bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥4.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥5.8bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥5.4bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.0bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥15.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥5.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥6.7bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥2.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥8.3bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥121.882025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-133.632024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥1.282023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥182.142022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥141.42021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥121.862025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥1.282023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥182.082022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥141.312021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥3,260.92at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,986.8at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,065.05at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,006.74at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,864.47at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio35.2%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio32.8%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio31.9%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio32.9%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio34.5%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE3.9%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE-4.4%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE0.0%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE6.2%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE5.1%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees5,199at 2025-12-31Cons.Number of employees
Employees5,292at 2024-12-31Cons.Number of employees
Employees5,457at 2023-12-31vCons.Number of employees
Employees5,454at 2022-12-31vCons.Number of employees
Employees5,371at 2021-12-31dCons.Number of employees
Revenue¥88.5bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥86.3bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥97.1bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥97.5bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥91.8bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥886m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥1.7bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥684m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥8.8bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.2bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.3bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.8bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥259m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥4.5bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥467m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥4.3bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥937m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥160m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥2.9bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥133.9bnat 2025-12-31StandaloneAssets
Total assets¥130.5bnat 2024-12-31StandaloneAssets
Total assets¥130.6bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥130.3bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥118.5bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥77.8bnat 2025-12-31StandaloneLiabilities
Total liabilities¥76.9bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥56.0bnat 2025-12-31StandaloneNet assets
Net assets / equity¥53.6bnat 2024-12-31StandaloneNet assets
Net assets / equity¥48.4bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥47.2bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥47.8bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.2bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥2.3bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥20.682025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥191.592024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥41.472023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-7.082022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥129.372021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥20.682025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥191.552024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥41.462023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥129.292021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥402025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥302022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥302021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,474.89at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,367.85at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,140.27at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,084.52at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,111.34at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio41.8%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio41.0%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio37.1%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio36.2%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio40.3%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE0.9%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE8.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE2.0%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE-0.3%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE6.3%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued22,984,993at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued22,984,993at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued22,984,993at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued22,984,993at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued22,984,993at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees560at 2025-12-31StandaloneNumber of employees
Employees717at 2024-12-31StandaloneNumber of employees
Employees784at 2023-12-31vStandaloneNumber of employees
Employees756at 2022-12-31vStandaloneNumber of employees
Employees738at 2021-12-31dStandaloneNumber 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 · 1,799
ItemContextValueUnit
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember2111.34
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember2084.52
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember2140.27
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember2367.85
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember2474.89
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember40.00
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember129.37
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-7.08
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember41.47
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember191.59
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember20.68
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember129.29
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember41.46
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember191.55
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember20.68
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.403
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.362
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.371
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.410
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.418
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.063
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember-0.003
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.020
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.085
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.009
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember10.68
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember26.07
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember4.88
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember89.93
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember0.232
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.723
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember0.157
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember1.934
Number of employeesPrior4YearInstant_NonConsolidatedMember738
Number of employeesPrior3YearInstant_NonConsolidatedMember756
Number of employeesPrior2YearInstant_NonConsolidatedMember784
Number of employeesPrior1YearInstant_NonConsolidatedMember717
Number of employeesCurrentYearInstant_NonConsolidatedMember560

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 rounding
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass rounding
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