Annual report
6539.TEDINET S100YEG1
Period2025-04-01 → 2026-03-31
Filed2026-06-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 158
| Metric | Value | Period | Scope | Source row |
|---|---|---|---|---|
| Revenue | ¥7.6bn | 2025-04-01 → 2026-03-31 | Cons. | Net sales |
| Revenue | ¥7.5bn | 2024-04-01 → 2025-03-31 | Cons. | Net sales |
| Revenue | ¥4.6bn | 2023-04-01 → 2024-03-31v | Cons. | Net sales (5-year summary) |
| Revenue | ¥4.3bn | 2022-04-01 → 2023-03-31v | Cons. | Net sales (5-year summary) |
| Revenue | ¥3.8bn | 2021-04-01 → 2022-03-31v | Cons. | Net sales (5-year summary) |
| Operating income | ¥1.7bn | 2025-04-01 → 2026-03-31 | Cons. | Operating income |
| Operating income | ¥1.6bn | 2024-04-01 → 2025-03-31 | Cons. | Operating income |
| Ordinary income | ¥1.7bn | 2025-04-01 → 2026-03-31 | Cons. | Ordinary income |
| Ordinary income | ¥1.7bn | 2024-04-01 → 2025-03-31 | Cons. | Ordinary income |
| Ordinary income | ¥1.7bn | 2023-04-01 → 2024-03-31v | Cons. | Ordinary income loss (5-year summary) |
| Ordinary income | ¥1.8bn | 2022-04-01 → 2023-03-31v | Cons. | Ordinary income loss (5-year summary) |
| Ordinary income | ¥1.5bn | 2021-04-01 → 2022-03-31v | Cons. | Ordinary income loss (5-year summary) |
| Profit before tax | ¥1.7bn | 2025-04-01 → 2026-03-31 | Cons. | Income before income taxes |
| Profit before tax | ¥1.7bn | 2024-04-01 → 2025-03-31 | Cons. | Income before income taxes |
| Net income (owners) | ¥1.0bn | 2025-04-01 → 2026-03-31 | Cons. | Profit loss attributable to owners of parent |
| Net income (owners) | ¥1.0bn | 2024-04-01 → 2025-03-31 | Cons. | Profit loss attributable to owners of parent |
| Net income (owners) | ¥1.1bn | 2023-04-01 → 2024-03-31v | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income (owners) | ¥1.2bn | 2022-04-01 → 2023-03-31v | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income (owners) | ¥1.0bn | 2021-04-01 → 2022-03-31v | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income | ¥1.1bn | 2025-04-01 → 2026-03-31 | Cons. | Profit loss |
| Net income | ¥1.1bn | 2024-04-01 → 2025-03-31 | Cons. | Profit loss |
| Total assets | ¥10.8bn | at 2026-03-31 | Cons. | Assets |
| Total assets | ¥10.8bn | at 2025-03-31 | Cons. | Assets |
| Total assets | ¥11.5bn | at 2024-03-31v | Cons. | Total assets (5-year summary) |
| Total assets | ¥11.3bn | at 2023-03-31v | Cons. | Total assets (5-year summary) |
| Total assets | ¥10.4bn | at 2022-03-31v | Cons. | Total assets (5-year summary) |
| Total liabilities | ¥1.2bn | at 2026-03-31 | Cons. | Liabilities |
| Total liabilities | ¥1.1bn | at 2025-03-31 | Cons. | Liabilities |
| Net assets / equity | ¥9.6bn | at 2026-03-31 | Cons. | Net assets |
| Net assets / equity | ¥9.8bn | at 2025-03-31 | Cons. | Net assets |
| Net assets / equity | ¥10.3bn | at 2024-03-31v | Cons. | Net assets |
| Net assets / equity | ¥10.5bn | at 2023-03-31v | Cons. | Net assets (5-year summary) |
| Net assets / equity | ¥9.6bn | at 2022-03-31v | Cons. | Net assets (5-year summary) |
| Cash and deposits | ¥3.9bn | at 2026-03-31 | Cons. | Cash and deposits |
| Cash and deposits | ¥4.3bn | at 2025-03-31 | Cons. | Cash and deposits |
| Cash & equivalents | ¥3.9bn | at 2026-03-31 | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥4.2bn | at 2025-03-31 | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥4.7bn | at 2024-03-31v | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥8.7bn | at 2023-03-31v | Cons. | Cash and cash equivalents (5-year summary) |
| Cash & equivalents | ¥7.4bn | at 2022-03-31v | Cons. | Cash and cash equivalents (5-year summary) |
| Operating cash flow | ¥1.6bn | 2025-04-01 → 2026-03-31 | Cons. | Net cash provided by used in operating activities |
| Operating cash flow | ¥1.5bn | 2024-04-01 → 2025-03-31 | Cons. | Net cash provided by used in operating activities |
| Operating cash flow | ¥1.1bn | 2023-04-01 → 2024-03-31v | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Operating cash flow | ¥1.5bn | 2022-04-01 → 2023-03-31v | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Operating cash flow | ¥1.2bn | 2021-04-01 → 2022-03-31v | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Investing cash flow | −¥559m | 2025-04-01 → 2026-03-31 | Cons. | Net cash provided by used in investment activities |
| Investing cash flow | −¥296m | 2024-04-01 → 2025-03-31 | Cons. | Net cash provided by used in investment activities |
| Investing cash flow | −¥3.9bn | 2023-04-01 → 2024-03-31v | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Investing cash flow | ¥224m | 2022-04-01 → 2023-03-31v | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Investing cash flow | ¥245m | 2021-04-01 → 2022-03-31v | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Financing cash flow | −¥1.5bn | 2025-04-01 → 2026-03-31 | Cons. | Net cash provided by used in financing activities |
| Financing cash flow | −¥1.6bn | 2024-04-01 → 2025-03-31 | Cons. | Net cash provided by used in financing activities |
| Financing cash flow | −¥1.2bn | 2023-04-01 → 2024-03-31v | Cons. | Net cash provided by used in financing activities (5-year summary) |
| Financing cash flow | −¥373m | 2022-04-01 → 2023-03-31v | Cons. | Net cash provided by used in financing activities (5-year summary) |
| Financing cash flow | −¥375m | 2021-04-01 → 2022-03-31v | Cons. | Net cash provided by used in financing activities (5-year summary) |
| EPS (basic) | ¥41.64 | 2025-04-01 → 2026-03-31 | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥41.53 | 2024-04-01 → 2025-03-31 | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥45.4 | 2023-04-01 → 2024-03-31v | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥48.95 | 2022-04-01 → 2023-03-31v | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥41.34 | 2021-04-01 → 2022-03-31v | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (diluted) | ¥41.64 | 2025-04-01 → 2026-03-31 | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥41.52 | 2024-04-01 → 2025-03-31 | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥45.4 | 2023-04-01 → 2024-03-31v | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥48.93 | 2022-04-01 → 2023-03-31v | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥41.32 | 2021-04-01 → 2022-03-31v | Cons. | Diluted earnings per share (5-year summary) |
| Net assets per share | ¥383.03 | at 2026-03-31 | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥389.24 | at 2025-03-31 | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥409.61 | at 2024-03-31v | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥419.65 | at 2023-03-31v | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥383.34 | at 2022-03-31v | Cons. | Net assets per share (5-year summary) |
| Equity ratio | 88.1% | at 2026-03-31 | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 89.2% | at 2025-03-31 | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 89.0% | at 2024-03-31v | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 93.0% | at 2023-03-31v | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 92.0% | at 2022-03-31v | Cons. | Equity to asset ratio (5-year summary) |
| ROE | 10.8% | 2025-04-01 → 2026-03-31 | Cons. | Rate of return on equity (5-year summary) |
| ROE | 10.4% | 2024-04-01 → 2025-03-31 | Cons. | Rate of return on equity (5-year summary) |
| ROE | 10.9% | 2023-04-01 → 2024-03-31v | Cons. | Rate of return on equity (5-year summary) |
| ROE | 12.2% | 2022-04-01 → 2023-03-31v | Cons. | Rate of return on equity (5-year summary) |
| ROE | 10.9% | 2021-04-01 → 2022-03-31v | Cons. | Rate of return on equity (5-year summary) |
| Employees | 251 | at 2026-03-31 | Cons. | Number of employees |
| Employees | 253 | at 2025-03-31 | Cons. | Number of employees |
| Employees | 231 | at 2024-03-31v | Cons. | Number of employees |
| Employees | 166 | at 2023-03-31v | Cons. | Number of employees |
| Employees | 141 | at 2022-03-31v | Cons. | Number of employees |
| Revenue | ¥4.6bn | 2025-04-01 → 2026-03-31 | Standalone | Net sales |
| Revenue | ¥4.6bn | 2024-04-01 → 2025-03-31 | Standalone | Net sales |
| Revenue | ¥4.6bn | 2023-04-01 → 2024-03-31v | Standalone | Net sales (5-year summary) |
| Revenue | ¥4.3bn | 2022-04-01 → 2023-03-31v | Standalone | Net sales (5-year summary) |
| Revenue | ¥3.8bn | 2021-04-01 → 2022-03-31v | Standalone | Net sales (5-year summary) |
| Operating income | ¥1.7bn | 2025-04-01 → 2026-03-31 | Standalone | Operating income |
| Operating income | ¥1.7bn | 2024-04-01 → 2025-03-31 | Standalone | Operating income |
| Ordinary income | ¥1.9bn | 2025-04-01 → 2026-03-31 | Standalone | Ordinary income |
| Ordinary income | ¥1.9bn | 2024-04-01 → 2025-03-31 | Standalone | Ordinary income |
| Ordinary income | ¥1.8bn | 2023-04-01 → 2024-03-31v | Standalone | Ordinary income loss (5-year summary) |
| Ordinary income | ¥1.8bn | 2022-04-01 → 2023-03-31v | Standalone | Ordinary income loss (5-year summary) |
| Ordinary income | ¥1.5bn | 2021-04-01 → 2022-03-31v | Standalone | Ordinary income loss (5-year summary) |
| Profit before tax | ¥1.9bn | 2025-04-01 → 2026-03-31 | Standalone | Income before income taxes |
| Profit before tax | ¥1.9bn | 2024-04-01 → 2025-03-31 | Standalone | Income before income taxes |
| Net income | ¥1.3bn | 2025-04-01 → 2026-03-31 | Standalone | Profit loss |
| Net income | ¥1.3bn | 2024-04-01 → 2025-03-31 | Standalone | Profit loss |
| Net income | ¥1.3bn | 2023-04-01 → 2024-03-31v | Standalone | Net income loss (5-year summary) |
| Net income | ¥1.2bn | 2022-04-01 → 2023-03-31v | Standalone | Net income loss (5-year summary) |
| Net income | ¥1.0bn | 2021-04-01 → 2022-03-31v | Standalone | Net income loss (5-year summary) |
| Total assets | ¥10.9bn | at 2026-03-31 | Standalone | Assets |
| Total assets | ¥10.8bn | at 2025-03-31 | Standalone | Assets |
| Total assets | ¥11.2bn | at 2024-03-31v | Standalone | Total assets (5-year summary) |
| Total assets | ¥11.3bn | at 2023-03-31v | Standalone | Total assets (5-year summary) |
| Total assets | ¥10.4bn | at 2022-03-31v | Standalone | Total assets (5-year summary) |
| Total liabilities | ¥764m | at 2026-03-31 | Standalone | Liabilities |
| Total liabilities | ¥669m | at 2025-03-31 | Standalone | Liabilities |
| Net assets / equity | ¥10.1bn | at 2026-03-31 | Standalone | Net assets |
| Net assets / equity | ¥10.1bn | at 2025-03-31 | Standalone | Net assets |
| Net assets / equity | ¥10.5bn | at 2024-03-31v | Standalone | Net assets |
| Net assets / equity | ¥10.5bn | at 2023-03-31v | Standalone | Net assets (5-year summary) |
| Net assets / equity | ¥9.6bn | at 2022-03-31v | Standalone | Net assets (5-year summary) |
| Cash and deposits | ¥2.4bn | at 2026-03-31 | Standalone | Cash and deposits |
| Cash and deposits | ¥2.7bn | at 2025-03-31 | Standalone | Cash and deposits |
| EPS (basic) | ¥54.22 | 2025-04-01 → 2026-03-31 | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥53.65 | 2024-04-01 → 2025-03-31 | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥52.64 | 2023-04-01 → 2024-03-31v | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥48.95 | 2022-04-01 → 2023-03-31v | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥41.34 | 2021-04-01 → 2022-03-31v | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (diluted) | ¥54.22 | 2025-04-01 → 2026-03-31 | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥53.65 | 2024-04-01 → 2025-03-31 | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥52.63 | 2023-04-01 → 2024-03-31v | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥48.93 | 2022-04-01 → 2023-03-31v | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥41.32 | 2021-04-01 → 2022-03-31v | Standalone | Diluted earnings per share (5-year summary) |
| Dividend per share | ¥56 | 2025-04-01 → 2026-03-31 | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥56 | 2024-04-01 → 2025-03-31 | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥56 | 2023-04-01 → 2024-03-31v | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥49 | 2022-04-01 → 2023-03-31v | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥15 | 2021-04-01 → 2022-03-31v | Standalone | Dividend paid per share (5-year summary) |
| Net assets per share | ¥407.45 | at 2026-03-31 | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥407.88 | at 2025-03-31 | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥418.41 | at 2024-03-31v | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥419.65 | at 2023-03-31v | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥383.34 | at 2022-03-31v | Standalone | Net assets per share (5-year summary) |
| Equity ratio | 93.0% | at 2026-03-31 | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 93.8% | at 2025-03-31 | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 93.2% | at 2024-03-31v | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 93.2% | at 2023-03-31v | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 92.2% | at 2022-03-31v | Standalone | Equity to asset ratio (5-year summary) |
| ROE | 13.3% | 2025-04-01 → 2026-03-31 | Standalone | Rate of return on equity (5-year summary) |
| ROE | 13.0% | 2024-04-01 → 2025-03-31 | Standalone | Rate of return on equity (5-year summary) |
| ROE | 12.6% | 2023-04-01 → 2024-03-31v | Standalone | Rate of return on equity (5-year summary) |
| ROE | 12.2% | 2022-04-01 → 2023-03-31v | Standalone | Rate of return on equity (5-year summary) |
| ROE | 10.9% | 2021-04-01 → 2022-03-31v | Standalone | Rate of return on equity (5-year summary) |
| Shares issued | 24,998,200 | at 2026-03-31 | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 24,996,600 | at 2025-03-31 | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 24,996,600 | at 2024-03-31v | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 24,996,600 | at 2023-03-31v | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 24,985,800 | at 2022-03-31v | Standalone | Total number of issued shares (5-year summary) |
| Employees | 210 | at 2026-03-31 | Standalone | Number of employees |
| Employees | 205 | at 2025-03-31 | Standalone | Number of employees |
| Employees | 189 | at 2024-03-31v | Standalone | Number of employees |
| Employees | 166 | at 2023-03-31v | Standalone | Number of employees |
| Employees | 141 | at 2022-03-31v | 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 |
|---|---|---|---|
| Net assets (5-year summary) | Prior1YearInstant | 9773835000 | JPY |
| Net assets (5-year summary) | CurrentYearInstant | 9626566000 | JPY |
| Total assets (5-year summary) | Prior4YearInstant | 10412920000 | JPY |
| Total assets (5-year summary) | Prior3YearInstant | 11274846000 | JPY |
| Total assets (5-year summary) | Prior2YearInstant | 11503583000 | JPY |
| Total assets (5-year summary) | Prior1YearInstant | 10841229000 | JPY |
| Total assets (5-year summary) | CurrentYearInstant | 10809109000 | JPY |
| Net assets per share (5-year summary) | Prior4YearInstant | 383.34 | |
| Net assets per share (5-year summary) | Prior3YearInstant | 419.65 | |
| Net assets per share (5-year summary) | Prior2YearInstant | 409.61 | |
| Net assets per share (5-year summary) | Prior1YearInstant | 389.24 | |
| Net assets per share (5-year summary) | CurrentYearInstant | 383.03 | |
| Basic earnings loss per share (5-year summary) | Prior4YearDuration | 41.34 | |
| Basic earnings loss per share (5-year summary) | Prior3YearDuration | 48.95 | |
| Basic earnings loss per share (5-year summary) | Prior2YearDuration | 45.40 | |
| Basic earnings loss per share (5-year summary) | Prior1YearDuration | 41.53 | |
| Basic earnings loss per share (5-year summary) | CurrentYearDuration | 41.64 | |
| Diluted earnings per share (5-year summary) | Prior4YearDuration | 41.32 | |
| Diluted earnings per share (5-year summary) | Prior3YearDuration | 48.93 | |
| Diluted earnings per share (5-year summary) | Prior2YearDuration | 45.40 | |
| Diluted earnings per share (5-year summary) | Prior1YearDuration | 41.52 | |
| Diluted earnings per share (5-year summary) | CurrentYearDuration | 41.64 | |
| Equity to asset ratio (5-year summary) | Prior4YearInstant | 0.920 | |
| Equity to asset ratio (5-year summary) | Prior3YearInstant | 0.930 | |
| Equity to asset ratio (5-year summary) | Prior2YearInstant | 0.890 | |
| Equity to asset ratio (5-year summary) | Prior1YearInstant | 0.892 | |
| Equity to asset ratio (5-year summary) | CurrentYearInstant | 0.881 | |
| Rate of return on equity (5-year summary) | Prior4YearDuration | 0.109 | |
| Rate of return on equity (5-year summary) | Prior3YearDuration | 0.122 | |
| Rate of return on equity (5-year summary) | Prior2YearDuration | 0.109 | |
| Rate of return on equity (5-year summary) | Prior1YearDuration | 0.104 | |
| Rate of return on equity (5-year summary) | CurrentYearDuration | 0.108 | |
| Price earnings ratio (5-year summary) | Prior4YearDuration | 20.58 | |
| Price earnings ratio (5-year summary) | Prior3YearDuration | 20.96 | |
| Price earnings ratio (5-year summary) | Prior2YearDuration | 25.97 | |
| Price earnings ratio (5-year summary) | Prior1YearDuration | 22.85 | |
| Price earnings ratio (5-year summary) | CurrentYearDuration | 23.61 | |
| Net cash provided by used in operating activities (5-year summary) | Prior4YearDuration | 1173509000 | JPY |
| Net cash provided by used in operating activities (5-year summary) | Prior3YearDuration | 1452627000 | JPY |
| Net cash provided by used in operating activities (5-year summary) | Prior2YearDuration | 1108994000 | JPY |
| Net cash provided by used in operating activities (5-year summary) | Prior1YearDuration | 1495810000 | JPY |
| Net cash provided by used in operating activities (5-year summary) | CurrentYearDuration | 1621036000 | JPY |
| Net cash provided by used in investing activities (5-year summary) | Prior4YearDuration | 245177000 | JPY |
| Net cash provided by used in investing activities (5-year summary) | Prior3YearDuration | 223897000 | JPY |
| Net cash provided by used in investing activities (5-year summary) | Prior2YearDuration | -3941928000 | JPY |
| Net cash provided by used in investing activities (5-year summary) | Prior1YearDuration | -295765000 | JPY |
| Net cash provided by used in investing activities (5-year summary) | CurrentYearDuration | -558956000 | JPY |
| Net cash provided by used in financing activities (5-year summary) | Prior4YearDuration | -374648000 | JPY |
| Net cash provided by used in financing activities (5-year summary) | Prior3YearDuration | -373210000 | JPY |
| Net cash provided by used in financing activities (5-year summary) | Prior2YearDuration | -1224837000 | 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 | pass |
| balance sheet identity | pass rounding |
| balance sheet identity | pass |
| balance sheet identity | pass |
| dei present | pass |
| period resolution | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net income attributable to parent | pass |
| statement vs summary · net income attributable to parent | pass |
| statement vs summary · operating cash flow | pass |
| statement vs summary · operating cash flow | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |