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
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0506
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0084
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.4518
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0316
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0000
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.4576
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember4385000
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.4109
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember844963
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0791
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember492823
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0461
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember358000
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0335
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember319963
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0299
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember290000
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0271
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember222200
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0208
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember185000
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0173
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember180000
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0168
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember155200
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0145
Number of shares heldCurrentYearInstant7433149
Shareholding ratioCurrentYearInstant0.6966
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesTreasurySharesSharesWithFullVotingRightsTreasurySharesEtcMember76800
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember106606
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember10660600
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember9658
Number of shares issued shares voting rightsCurrentYearInstant10747058
Number of voting rights issued shares voting rightsCurrentYearInstant106606
Number of shares held in own name treasury shares etcCurrentYearInstant_Row1Member76800
Number of shares held in others names treasury shares etcCurrentYearInstant_Row1Member-
Total number of shares held treasury shares etcCurrentYearInstant_Row1Member76800
Shareholding ratio treasury shares etcCurrentYearInstant_Row1Member0.0071
Number of shares held in own name treasury shares etcCurrentYearInstant76800
Number of shares held in others names treasury shares etcCurrentYearInstant-
Total number of shares held treasury shares etcCurrentYearInstant76800
Shareholding ratio treasury shares etcCurrentYearInstant0.0071
Total amount of dividends dividends of surplusFilingDateInstant_Row1Member810936000JPY
Dividend per share dividends of surplusFilingDateInstant_Row1Member76
Number of male directors and other officersFilingDateInstant4
Number of female directors and other officersFilingDateInstant1

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