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¥32.8bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥29.0bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥24.9bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥22.8bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥19.3bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Operating income¥2.3bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.9bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥2.3bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥2.0bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.4bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥737m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥472m2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥2.4bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥2.1bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥1.5bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.5bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.0bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥452m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥297m2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.5bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥1.5bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥22.1bnat 2025-12-31Cons.Assets
Total assets¥23.3bnat 2024-12-31Cons.Assets
Total assets¥19.6bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥17.3bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥16.8bnat 2021-12-31vCons.Total assets (5-year summary)
Total liabilities¥7.5bnat 2025-12-31Cons.Liabilities
Total liabilities¥9.7bnat 2024-12-31Cons.Liabilities
Net assets / equity¥14.6bnat 2025-12-31Cons.Net assets
Net assets / equity¥13.6bnat 2024-12-31Cons.Net assets
Net assets / equity¥12.2bnat 2023-12-31vCons.Net assets
Net assets / equity¥11.2bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥10.9bnat 2021-12-31vCons.Net assets (5-year summary)
Cash and deposits¥9.7bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥12.5bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥9.1bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥11.9bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥8.8bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥9.6bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥8.7bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥2.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥3.5bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥655m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥537m2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥28m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥3m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow¥93m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥204m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥16m2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥745m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥464m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥330m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥255m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥192m2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥142.152025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥142.12024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥99.972023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥442022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥29.052021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥140.752024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥97.842023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥43.022022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥28.272021-01-01 → 2021-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,367.32at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,281.33at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,178.38at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,092.02at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,059.8at 2021-12-31vCons.Net assets per share (5-year summary)
Equity ratio65.9%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio58.4%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio62.6%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio64.7%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio64.6%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
ROE10.7%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE11.6%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE8.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE4.1%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE2.8%2021-01-01 → 2021-12-31vCons.Rate of return on equity (5-year summary)
Employees554at 2025-12-31Cons.Number of employees
Employees520at 2024-12-31Cons.Number of employees
Employees509at 2023-12-31vCons.Number of employees
Employees531at 2022-12-31vCons.Number of employees
Employees570at 2021-12-31vCons.Number of employees
Revenue¥27.9bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥24.6bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥19.8bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥19.0bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥16.0bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Operating income¥1.9bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.6bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥2.0bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.9bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.0bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.2bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥433m2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.9bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥1.9bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥1.3bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥1.4bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥603m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥806m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥157m2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Total assets¥17.4bnat 2025-12-31StandaloneAssets
Total assets¥19.4bnat 2024-12-31StandaloneAssets
Total assets¥15.6bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥13.6bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥14.1bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total liabilities¥6.4bnat 2025-12-31StandaloneLiabilities
Total liabilities¥8.8bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥11.1bnat 2025-12-31StandaloneNet assets
Net assets / equity¥10.5bnat 2024-12-31StandaloneNet assets
Net assets / equity¥9.5bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥9.2bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥8.6bnat 2021-12-31vStandaloneNet assets (5-year summary)
Cash and deposits¥6.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥9.3bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥122.22025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥133.692024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥58.352023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥78.542022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥15.332021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥132.422024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥57.112023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥76.792022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥14.922021-01-01 → 2021-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥762025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥702024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥502023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥332022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥252021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,039.86at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥987.97at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥918.12at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥893.66at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥836.25at 2021-12-31vStandaloneNet assets per share (5-year summary)
Equity ratio63.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio54.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio61.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio67.6%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio60.7%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
ROE12.1%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE14.1%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE6.4%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE9.1%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE1.8%2021-01-01 → 2021-12-31vStandaloneRate of return on equity (5-year summary)
Shares issued10,747,058at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,705,616at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,458,347at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,338,324at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,253,285at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Employees420at 2025-12-31StandaloneNumber of employees
Employees377at 2024-12-31StandaloneNumber of employees
Employees367at 2023-12-31vStandaloneNumber of employees
Employees384at 2022-12-31vStandaloneNumber of employees
Employees410at 2021-12-31vStandaloneNumber 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
Commercial Space Creation Businessreportable segmentemployeesat 2025-12-31554 pure

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

All source rows · 1,406
ItemContextValueUnit
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember893.66
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember918.12
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember987.97
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember1039.86
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember25
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember33
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember50
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember70
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember76
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_NonConsolidatedMember15.33
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember78.54
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember58.35
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember133.69
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember122.20
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember14.92
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember76.79
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember57.11
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember132.42
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.607
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.676
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.610
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.543
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.636
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.018
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.091
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.064
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.141
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.121
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember49.4
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember9.3
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember14.9
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember9.7
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember14.6
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember1.6307
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.4202
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.8569
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember0.5236
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember0.6219
Number of employeesPrior4YearInstant_NonConsolidatedMember410
Number of employeesPrior3YearInstant_NonConsolidatedMember384
Number of employeesPrior2YearInstant_NonConsolidatedMember367
Number of employeesPrior1YearInstant_NonConsolidatedMember377
Number of employeesCurrentYearInstant_NonConsolidatedMember420
Average number of temporary workersPrior4YearInstant_NonConsolidatedMember-

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
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