Annual report

Period2022-04-01 → 2023-03-31

Filed2025-10-31

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100RAG8. Amended by S100WY3S (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	¥1.1bn	2021-04-01 → 2022-03-31	Cons.	Net sales
Revenue	¥919m	2020-04-01 → 2021-03-31^v	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	−¥886m	2022-04-01 → 2023-03-31	Cons.	Operating income
Operating income	−¥1.3bn	2021-04-01 → 2022-03-31	Cons.	Operating income
Ordinary income	−¥910m	2022-04-01 → 2023-03-31	Cons.	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31	Cons.	Ordinary income
Ordinary income	−¥2.0bn	2020-04-01 → 2021-03-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥135m	2019-04-01 → 2020-03-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥316m	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	−¥1.6bn	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)	−¥1.6bn	2021-04-01 → 2022-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥2.9bn	2020-04-01 → 2021-03-31^v	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)	¥184m	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	−¥1.6bn	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	¥4.3bn	at 2021-03-31^v	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	¥3.7bn	at 2023-03-31	Cons.	Liabilities
Total liabilities	¥5.4bn	at 2022-03-31	Cons.	Liabilities
Net assets / equity	−¥1.8bn	at 2023-03-31	Cons.	Net assets
Net assets / equity	−¥1.7bn	at 2022-03-31	Cons.	Net assets
Net assets / equity	−¥1.0bn	at 2021-03-31^v	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^v	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	−¥956m	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^v	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	−¥1.5bn	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^v	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^v	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)	¥-153.91	2022-04-01 → 2023-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-276.91	2021-04-01 → 2022-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-607.53	2020-04-01 → 2021-03-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥18.54	2019-04-01 → 2020-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥39.38	2018-04-01 → 2019-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥17.98	2019-04-01 → 2020-03-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥38.1	2018-04-01 → 2019-03-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥-230.95	at 2023-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥-299.63	at 2022-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥-199.96	at 2021-03-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥320.27	at 2020-03-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥290.71	at 2019-03-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	-100.0%	at 2023-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	-48.5%	at 2022-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	-23.6%	at 2021-03-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	28.8%	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	-1178.8%	2020-04-01 → 2021-03-31^v	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	14.5%	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^v	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	¥1.1bn	2021-04-01 → 2022-03-31	Standalone	Net sales
Revenue	¥803m	2020-04-01 → 2021-03-31^v	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	−¥854m	2022-04-01 → 2023-03-31	Standalone	Operating income
Operating income	−¥1.3bn	2021-04-01 → 2022-03-31	Standalone	Operating income
Ordinary income	−¥880m	2022-04-01 → 2023-03-31	Standalone	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31	Standalone	Ordinary income
Ordinary income	−¥2.0bn	2020-04-01 → 2021-03-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥104m	2019-04-01 → 2020-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥307m	2018-04-01 → 2019-03-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥1.0bn	2022-04-01 → 2023-03-31	Standalone	Income before income taxes
Profit before tax	−¥1.6bn	2021-04-01 → 2022-03-31	Standalone	Income before income taxes
Net income	−¥1.0bn	2022-04-01 → 2023-03-31	Standalone	Profit loss
Net income	−¥1.6bn	2021-04-01 → 2022-03-31	Standalone	Profit loss
Net income	−¥2.9bn	2020-04-01 → 2021-03-31^v	Standalone	Net income loss (5-year summary)
Net income	¥72m	2019-04-01 → 2020-03-31^d	Standalone	Net income loss (5-year summary)
Net income	¥183m	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	¥4.2bn	at 2021-03-31^v	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	¥3.6bn	at 2023-03-31	Standalone	Liabilities
Total liabilities	¥5.4bn	at 2022-03-31	Standalone	Liabilities
Net assets / equity	−¥1.9bn	at 2023-03-31	Standalone	Net assets
Net assets / equity	−¥1.9bn	at 2022-03-31	Standalone	Net assets
Net assets / equity	−¥1.1bn	at 2021-03-31^v	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)	¥-149.71	2022-04-01 → 2023-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-276.94	2021-04-01 → 2022-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-605.49	2020-04-01 → 2021-03-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥15.21	2019-04-01 → 2020-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥39.04	2018-04-01 → 2019-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥14.75	2019-04-01 → 2020-03-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥37.77	2018-04-01 → 2019-03-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥-238.06	at 2023-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥-313.02	at 2022-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥-213.94	at 2021-03-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥302.49	at 2020-03-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥275.77	at 2019-03-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	-111.6%	at 2023-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	-52.8%	at 2022-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	-25.9%	at 2021-03-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	28.0%	at 2020-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	19.2%	at 2019-03-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	-1714.6%	2020-04-01 → 2021-03-31^v	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	15.2%	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^v	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^v	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 · 1,250

Item	Context	Value	Unit
Capital surplus	Prior1YearInstant_NonConsolidatedMember	971865000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	1455330000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	-3886950000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	-4903923000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	-3886950000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	-4903923000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-128000	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-128000	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	-1853347000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	-1903390000	JPY
Subscription rights to shares	Prior1YearInstant_NonConsolidatedMember	－	JPY
Subscription rights to shares	CurrentYearInstant_NonConsolidatedMember	14240000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	-1853347000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	-1889150000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	3511086000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	1705569000	JPY
Net sales	Prior1YearDuration_NonConsolidatedMember	1074164000	JPY
Net sales	CurrentYearDuration_NonConsolidatedMember	1130238000	JPY
Beginning goods cos	Prior1YearDuration_NonConsolidatedMember	－	JPY
Beginning goods cos	CurrentYearDuration_NonConsolidatedMember	－	JPY
Cost of purchased goods	Prior1YearDuration_NonConsolidatedMember	866915000	JPY
Cost of purchased goods	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Total beginning and purchase of goods	Prior1YearDuration_NonConsolidatedMember	866915000	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	866915000	JPY
Cost of goods sold	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	866915000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	809976000	JPY
Gross profit	Prior1YearDuration_NonConsolidatedMember	207248000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	320262000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	1483910000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1173929000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	-1276661000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	-853667000	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	1749000	JPY
Subsidy income noi bounty	CurrentYearDuration_NonConsolidatedMember	4200000	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	17808000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	17506000	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
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