Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-26
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 156
MetricValuePeriodScopeSource row
Revenue¥148.3bn2025-03-01 → 2026-02-28Cons.Revenue IFRS
Revenue¥116.1bn2024-03-01 → 2025-02-28Cons.Revenue IFRS
Revenue¥93.9bn2023-03-01 → 2024-02-29vCons.Revenue IFRS (5-year summary)
Revenue¥76.1bn2022-03-01 → 2023-02-28vCons.Revenue IFRS (5-year summary)
Revenue¥57.6bn2021-03-01 → 2022-02-28vCons.Revenue IFRS (5-year summary)
Operating income¥50.9bn2025-03-01 → 2026-02-28Cons.Operating profit loss IFRS
Operating income¥42.6bn2024-03-01 → 2025-02-28Cons.Operating profit loss IFRS
Profit before tax¥51.0bn2025-03-01 → 2026-02-28Cons.Profit loss before tax IFRS
Profit before tax¥42.5bn2024-03-01 → 2025-02-28Cons.Profit loss before tax IFRS
Profit before tax¥34.2bn2023-03-01 → 2024-02-29vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥29.9bn2022-03-01 → 2023-02-28vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥21.5bn2021-03-01 → 2022-02-28vCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥37.8bn2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥30.8bn2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥25.4bn2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥21.9bn2022-03-01 → 2023-02-28vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥15.5bn2021-03-01 → 2022-02-28vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥37.8bn2025-03-01 → 2026-02-28Cons.Profit loss IFRS
Net income¥30.8bn2024-03-01 → 2025-02-28Cons.Profit loss IFRS
Total assets¥157.5bnat 2026-02-28Cons.Assets IFRS
Total assets¥124.7bnat 2025-02-28Cons.Assets IFRS
Total assets¥99.9bnat 2024-02-29vCons.Total assets IFRS (5-year summary)
Total assets¥75.3bnat 2023-02-28vCons.Total assets IFRS (5-year summary)
Total assets¥58.1bnat 2022-02-28vCons.Total assets IFRS (5-year summary)
Total liabilities¥40.4bnat 2026-02-28Cons.Liabilities IFRS
Total liabilities¥30.3bnat 2025-02-28Cons.Liabilities IFRS
Net assets / equity¥117.0bnat 2026-02-28Cons.Equity IFRS
Net assets / equity¥94.4bnat 2025-02-28Cons.Equity IFRS
Net assets / equity¥74.1bnat 2024-02-29vCons.Equity IFRS
Equity (owners)¥117.0bnat 2026-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥94.4bnat 2025-02-28Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥74.1bnat 2024-02-29vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥57.3bnat 2023-02-28vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥41.7bnat 2022-02-28vCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥72.3bnat 2026-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥60.6bnat 2025-02-28Cons.Cash and cash equivalents IFRS
Cash & equivalents¥45.8bnat 2024-02-29vCons.Cash and cash equivalents IFRS
Cash & equivalents¥36.6bnat 2023-02-28vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥26.1bnat 2022-02-28vCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥37.6bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥32.6bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥24.3bn2023-03-01 → 2024-02-29vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥21.6bn2022-03-01 → 2023-02-28vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥16.0bn2021-03-01 → 2022-02-28vCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥6.5bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.5bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.8bn2023-03-01 → 2024-02-29vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥2.3bn2022-03-01 → 2023-02-28vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥147m2021-03-01 → 2022-02-28vCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥19.4bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥14.3bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥11.4bn2023-03-01 → 2024-02-29vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥8.8bn2022-03-01 → 2023-02-28vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥6.1bn2021-03-01 → 2022-02-28vCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥249.162025-03-01 → 2026-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥202.162024-03-01 → 2025-02-28Cons.Basic earnings loss per share IFRS
EPS (basic)¥166.042023-03-01 → 2024-02-29vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥142.962022-03-01 → 2023-02-28vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥101.392021-03-01 → 2022-02-28vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥101.122021-03-01 → 2022-02-28vCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥770.73at 2026-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥620.82at 2025-02-28Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥485.18at 2024-02-29vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥374.2at 2023-02-28vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥271.59at 2022-02-28vCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio74.3%at 2026-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio75.7%at 2025-02-28Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio74.2%at 2024-02-29vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio76.2%at 2023-02-28vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio71.7%at 2022-02-28vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE35.8%2025-03-01 → 2026-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE36.5%2024-03-01 → 2025-02-28Cons.Rate of return on equity IFRS (5-year summary)
ROE38.6%2023-03-01 → 2024-02-29vCons.Rate of return on equity IFRS (5-year summary)
ROE44.2%2022-03-01 → 2023-02-28vCons.Rate of return on equity IFRS (5-year summary)
ROE43.3%2021-03-01 → 2022-02-28vCons.Rate of return on equity IFRS (5-year summary)
Employees6,788at 2026-02-28Cons.Number of employees
Employees5,467at 2025-02-28Cons.Number of employees
Employees4,321at 2024-02-29vCons.Number of employees
Employees3,310at 2023-02-28vCons.Number of employees
Employees2,638at 2022-02-28vCons.Number of employees
Operating income¥5.7bn2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥18.5bn2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥5.8bn2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥18.5bn2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥33.5bn2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥29.0bn2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥20.6bn2021-03-01 → 2022-02-28vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥5.8bn2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥18.5bn2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥6.1bn2025-03-01 → 2026-02-28StandaloneProfit loss
Net income¥13.3bn2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥24.6bn2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥21.0bn2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income¥14.7bn2021-03-01 → 2022-02-28vStandaloneNet income loss (5-year summary)
Total assets¥77.5bnat 2026-02-28StandaloneAssets
Total assets¥91.9bnat 2025-02-28StandaloneAssets
Total assets¥84.2bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥66.6bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥50.3bnat 2022-02-28vStandaloneTotal assets (5-year summary)
Total liabilities¥16.7bnat 2026-02-28StandaloneLiabilities
Total liabilities¥22.3bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥60.8bnat 2026-02-28StandaloneNet assets
Net assets / equity¥69.7bnat 2025-02-28StandaloneNet assets
Net assets / equity¥66.5bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥50.4bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥35.5bnat 2022-02-28vStandaloneNet assets (5-year summary)
Cash and deposits¥13.8bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥30.2bnat 2025-02-28StandaloneCash and deposits
Cash & equivalents¥45.8bnat 2024-02-29vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥36.6bnat 2023-02-28vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥26.1bnat 2022-02-28vStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥23.3bn2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥20.7bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥15.3bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥3.8bn2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.3bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥147m2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow−¥10.4bn2023-03-01 → 2024-02-29vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥7.9bn2022-03-01 → 2023-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥5.4bn2021-03-01 → 2022-02-28vStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥39.922025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥87.612024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥161.252023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥137.182022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥95.692021-03-01 → 2022-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥95.442021-03-01 → 2022-02-28vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥1002025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥622024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥432023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Dividend per share¥1632022-03-01 → 2023-02-28vStandaloneDividend paid per share (5-year summary)
Dividend per share¥2602021-03-01 → 2022-02-28vStandaloneDividend paid per share (5-year summary)
Net assets per share¥400.53at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥458.05at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥435.17at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥329.03at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥231.42at 2022-02-28vStandaloneNet assets per share (5-year summary)
Equity ratio78.5%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio75.8%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio78.9%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio75.7%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio70.7%at 2022-02-28vStandaloneEquity to asset ratio (5-year summary)
ROE9.3%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE19.6%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE42.2%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE48.9%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE48.9%2021-03-01 → 2022-02-28vStandaloneRate of return on equity (5-year summary)
Shares issued155,411,410at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued155,411,410at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued155,411,410at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued155,411,410at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued15,541,141at 2022-02-28vStandaloneTotal number of issued shares (5-year summary)
Employees866at 2026-02-28StandaloneNumber of employees
Employees593at 2025-02-28StandaloneNumber of employees
Employees4,321at 2024-02-29vStandaloneNumber of employees
Employees3,310at 2023-02-28vStandaloneNumber of employees
Employees2,638at 2022-02-28vStandaloneNumber 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 · 1
SegmentItemPeriodValue
—segment totalemployeesat 2026-02-286788 pure

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,305
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)太陽有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)齋 藤   哲
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)大 塚 弘 毅
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)のれんの評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)連結財務諸表注記「14.のれん及び無形資産」
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)太陽有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)齋 藤   哲
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)大 塚 弘 毅
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Revenue IFRS (5-year summary)Prior4YearDuration57642000000JPY
Revenue IFRS (5-year summary)Prior3YearDuration76090000000JPY
Revenue IFRS (5-year summary)Prior2YearDuration93909000000JPY
Revenue IFRS (5-year summary)Prior1YearDuration116056000000JPY
Revenue IFRS (5-year summary)CurrentYearDuration148332000000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration21469000000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration29875000000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration34160000000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration42546000000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration50988000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration15544000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration21910000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration25382000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration30760000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)CurrentYearDuration37840000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior4YearDuration15544000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior3YearDuration21910000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior2YearDuration25382000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior1YearDuration30760000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)CurrentYearDuration37854000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior4YearInstant41701000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior3YearInstant57341000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior2YearInstant74127000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior1YearInstant94401000000JPY
Equity attributable to owners of parent IFRS (5-year summary)CurrentYearInstant117038000000JPY
Total assets IFRS (5-year summary)Prior4YearInstant58136000000JPY
Total assets IFRS (5-year summary)Prior3YearInstant75265000000JPY
Total assets IFRS (5-year summary)Prior2YearInstant99883000000JPY
Total assets IFRS (5-year summary)Prior1YearInstant124665000000JPY

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 · 19 of 19 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 · 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