Annual report

Period2022-04-01 → 2023-03-31

Filed2023-06-30

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100WXZL (2025-10-31).

Key figures · 143

Metric	Value	Period	Scope	Source row
Revenue	¥1.3bn	2022-04-01 → 2023-03-31	Cons.	Net sales
Revenue	¥1.0bn	2021-04-01 → 2022-03-31	Cons.	Net sales
Revenue	¥919m	2020-04-01 → 2021-03-31^d	Cons.	Net sales (5-year summary)
Revenue	¥33.4bn	2019-04-01 → 2020-03-31^d	Cons.	Net sales (5-year summary)
Revenue	¥29.3bn	2018-04-01 → 2019-03-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥888m	2022-04-01 → 2023-03-31	Cons.	Operating income
Operating income	−¥1.5bn	2021-04-01 → 2022-03-31	Cons.	Operating income
Ordinary income	−¥879m	2022-04-01 → 2023-03-31	Cons.	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31	Cons.	Ordinary income
Ordinary income	−¥1.5bn	2020-04-01 → 2021-03-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥138m	2019-04-01 → 2020-03-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥319m	2018-04-01 → 2019-03-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥1.0bn	2022-04-01 → 2023-03-31	Cons.	Income before income taxes
Profit before tax	−¥2.0bn	2021-04-01 → 2022-03-31	Cons.	Income before income taxes
Net income (owners)	−¥1.0bn	2022-04-01 → 2023-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥2.0bn	2021-04-01 → 2022-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥1.8bn	2020-04-01 → 2021-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥88m	2019-04-01 → 2020-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥190m	2018-04-01 → 2019-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥1.0bn	2022-04-01 → 2023-03-31	Cons.	Profit loss
Net income	−¥2.0bn	2021-04-01 → 2022-03-31	Cons.	Profit loss
Total assets	¥1.8bn	at 2023-03-31	Cons.	Assets
Total assets	¥3.7bn	at 2022-03-31	Cons.	Assets
Total assets	¥5.0bn	at 2021-03-31^d	Cons.	Total assets (5-year summary)
Total assets	¥5.3bn	at 2020-03-31^d	Cons.	Total assets (5-year summary)
Total assets	¥6.9bn	at 2019-03-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥2.9bn	at 2023-03-31	Cons.	Liabilities
Total liabilities	¥4.7bn	at 2022-03-31	Cons.	Liabilities
Net assets / equity	−¥1.1bn	at 2023-03-31	Cons.	Net assets
Net assets / equity	−¥1.0bn	at 2022-03-31	Cons.	Net assets
Net assets / equity	¥108m	at 2021-03-31^d	Cons.	Net assets
Net assets / equity	¥1.5bn	at 2020-03-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.4bn	at 2019-03-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥828m	at 2023-03-31	Cons.	Cash and deposits
Cash and deposits	¥2.8bn	at 2022-03-31	Cons.	Cash and deposits
Cash & equivalents	¥825m	at 2023-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.4bn	at 2022-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.5bn	at 2021-03-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2020-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.6bn	at 2019-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥1.5bn	2022-04-01 → 2023-03-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥922m	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥3.0bn	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥1.3bn	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.8bn	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥1.4bn	2022-04-01 → 2023-03-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.6bn	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥128m	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥280m	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥281m	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥520m	2022-04-01 → 2023-03-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥444m	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥3.9bn	2020-04-01 → 2021-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥689m	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥16m	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-149.26	2022-04-01 → 2023-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-347.87	2021-04-01 → 2022-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-375.65	2020-04-01 → 2021-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥18.7	2019-04-01 → 2020-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥40.64	2018-04-01 → 2019-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥18.14	2019-04-01 → 2020-03-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥39.31	2018-04-01 → 2019-03-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥-136.73	at 2023-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥-177.71	at 2022-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥19.02	at 2021-03-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥321.67	at 2020-03-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥291.96	at 2019-03-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	-59.2%	at 2023-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	-28.7%	at 2022-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	1.9%	at 2021-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	28.9%	at 2020-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	19.9%	at 2019-03-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	-222.5%	2020-04-01 → 2021-03-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	6.1%	2019-04-01 → 2020-03-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	15.0%	2018-04-01 → 2019-03-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	114	at 2023-03-31	Cons.	Number of employees
Employees	188	at 2022-03-31	Cons.	Number of employees
Employees	289	at 2021-03-31^d	Cons.	Number of employees
Employees	376	at 2020-03-31^d	Cons.	Number of employees
Employees	362	at 2019-03-31^d	Cons.	Number of employees
Revenue	¥1.1bn	2022-04-01 → 2023-03-31	Standalone	Net sales
Revenue	¥994m	2021-04-01 → 2022-03-31	Standalone	Net sales
Revenue	¥803m	2020-04-01 → 2021-03-31^d	Standalone	Net sales (5-year summary)
Revenue	¥32.7bn	2019-04-01 → 2020-03-31^d	Standalone	Net sales (5-year summary)
Revenue	¥29.0bn	2018-04-01 → 2019-03-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥856m	2022-04-01 → 2023-03-31	Standalone	Operating income
Operating income	−¥1.4bn	2021-04-01 → 2022-03-31	Standalone	Operating income
Ordinary income	−¥849m	2022-04-01 → 2023-03-31	Standalone	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31	Standalone	Ordinary income
Ordinary income	−¥1.4bn	2020-04-01 → 2021-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥107m	2019-04-01 → 2020-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥310m	2018-04-01 → 2019-03-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥981m	2022-04-01 → 2023-03-31	Standalone	Income before income taxes
Profit before tax	−¥1.9bn	2021-04-01 → 2022-03-31	Standalone	Income before income taxes
Net income	−¥987m	2022-04-01 → 2023-03-31	Standalone	Profit loss
Net income	−¥2.0bn	2021-04-01 → 2022-03-31	Standalone	Profit loss
Net income	−¥1.8bn	2020-04-01 → 2021-03-31^d	Standalone	Net income loss (5-year summary)
Net income	¥73m	2019-04-01 → 2020-03-31^d	Standalone	Net income loss (5-year summary)
Net income	¥189m	2018-04-01 → 2019-03-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.7bn	at 2023-03-31	Standalone	Assets
Total assets	¥3.5bn	at 2022-03-31	Standalone	Assets
Total assets	¥4.9bn	at 2021-03-31^d	Standalone	Total assets (5-year summary)
Total assets	¥5.1bn	at 2020-03-31^d	Standalone	Total assets (5-year summary)
Total assets	¥6.7bn	at 2019-03-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥2.8bn	at 2023-03-31	Standalone	Liabilities
Total liabilities	¥4.6bn	at 2022-03-31	Standalone	Liabilities
Net assets / equity	−¥1.1bn	at 2023-03-31	Standalone	Net assets
Net assets / equity	−¥1.1bn	at 2022-03-31	Standalone	Net assets
Net assets / equity	¥30m	at 2021-03-31^d	Standalone	Net assets
Net assets / equity	¥1.4bn	at 2020-03-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.3bn	at 2019-03-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥690m	at 2023-03-31	Standalone	Cash and deposits
Cash and deposits	¥2.6bn	at 2022-03-31	Standalone	Cash and deposits
EPS (basic)	¥-145.28	2022-04-01 → 2023-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-345.09	2021-04-01 → 2022-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-373.19	2020-04-01 → 2021-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥15.37	2019-04-01 → 2020-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥40.3	2018-04-01 → 2019-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥14.91	2019-04-01 → 2020-03-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥38.98	2018-04-01 → 2019-03-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥-141.86	at 2023-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥-188.2	at 2022-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥5.44	at 2021-03-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥303.89	at 2020-03-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥277.03	at 2019-03-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	-66.2%	at 2023-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	-31.6%	at 2022-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	0.6%	at 2021-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	28.1%	at 2020-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	19.3%	at 2019-03-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	-244.2%	2020-04-01 → 2021-03-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	5.3%	2019-04-01 → 2020-03-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	15.7%	2018-04-01 → 2019-03-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	8,029,800	at 2023-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,944,300	at 2022-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	5,135,500	at 2021-03-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,752,100	at 2020-03-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,683,400	at 2019-03-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	69	at 2023-03-31	Standalone	Number of employees
Employees	140	at 2022-03-31	Standalone	Number of employees
Employees	245	at 2021-03-31^d	Standalone	Number of employees
Employees	321	at 2020-03-31^d	Standalone	Number of employees
Employees	308	at 2019-03-31^d	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 · 1,230

Item	Context	Value	Unit
Subscription rights to shares	CurrentYearInstant_NonConsolidatedMember	14240000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	-1114290000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	-1120001000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	3525307000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	1713864000	JPY
Net sales	Prior1YearDuration_NonConsolidatedMember	994033000	JPY
Net sales	CurrentYearDuration_NonConsolidatedMember	1130140000	JPY
Beginning goods cos	Prior1YearDuration_NonConsolidatedMember	－	JPY
Beginning goods cos	CurrentYearDuration_NonConsolidatedMember	－	JPY
Cost of purchased goods	Prior1YearDuration_NonConsolidatedMember	786784000	JPY
Cost of purchased goods	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Total beginning and purchase of goods	Prior1YearDuration_NonConsolidatedMember	786784000	JPY
Total beginning and purchase of goods	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Ending goods cos	Prior1YearDuration_NonConsolidatedMember	－	JPY
Ending goods cos	CurrentYearDuration_NonConsolidatedMember	－	JPY
Cost of goods sold	Prior1YearDuration_NonConsolidatedMember	786784000	JPY
Cost of goods sold	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	786784000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Gross profit	Prior1YearDuration_NonConsolidatedMember	207248000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	320164000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	1641837000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1176300000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	-1434588000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	-856136000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	457000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	453000	JPY
Dividends income noi	Prior1YearDuration_NonConsolidatedMember	0	JPY
Dividends income noi	CurrentYearDuration_NonConsolidatedMember	0	JPY
Foreign exchange gains noi	Prior1YearDuration_NonConsolidatedMember	3008000	JPY
Foreign exchange gains noi	CurrentYearDuration_NonConsolidatedMember	－	JPY
Subsidy income noi bounty	Prior1YearDuration_NonConsolidatedMember	164452000	JPY
Subsidy income noi bounty	CurrentYearDuration_NonConsolidatedMember	38231000	JPY
Commission fee noi	Prior1YearDuration_NonConsolidatedMember	491000	JPY
Commission fee noi	CurrentYearDuration_NonConsolidatedMember	6150000	JPY
Other noi	Prior1YearDuration_NonConsolidatedMember	12100000	JPY
Other noi	CurrentYearDuration_NonConsolidatedMember	6702000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	180511000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	51538000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	55430000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	36477000	JPY
Guarantee commission noe	Prior1YearDuration_NonConsolidatedMember	920000	JPY
Guarantee commission noe	CurrentYearDuration_NonConsolidatedMember	922000	JPY
Foreign exchange losses noe	Prior1YearDuration_NonConsolidatedMember	－	JPY
Foreign exchange losses noe	CurrentYearDuration_NonConsolidatedMember	395000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	4878000	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	5873000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	10368000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	636000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	71598000	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	consolidated 2022-03-31	pass rounding
balance sheet identity	consolidated 2023-03-31	pass
balance sheet identity	non_consolidated 2022-03-31	pass rounding
balance sheet identity	non_consolidated 2023-03-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2021-03-31	pass
statement vs summary · net assets	consolidated 2022-03-31	pass
statement vs summary · net assets	consolidated 2023-03-31	pass
statement vs summary · net assets	non_consolidated 2021-03-31	pass
statement vs summary · net assets	non_consolidated 2022-03-31	pass
statement vs summary · net assets	non_consolidated 2023-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · operating cash flow	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · operating cash flow	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · revenue	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · revenue	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · revenue	non_consolidated 2021-04-01/2022-03-31	pass
statement vs summary · revenue	non_consolidated 2022-04-01/2023-03-31	pass
statement vs summary · total assets	consolidated 2022-03-31	pass
statement vs summary · total assets	consolidated 2023-03-31	pass
statement vs summary · total assets	non_consolidated 2022-03-31	pass
statement vs summary · total assets	non_consolidated 2023-03-31	pass