Annual report

Period2023-04-01 → 2024-06-30

Filed2025-10-31

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100UFDI. Amended by S100WY4E (2025-10-31).

Key figures · 139

Metric	Value	Period	Scope	Source row
Revenue	¥3.3bn	2023-04-01 → 2024-06-30	Cons.	Net sales
Revenue	¥1.3bn	2022-04-01 → 2023-03-31	Cons.	Net sales
Revenue	¥1.1bn	2021-04-01 → 2022-03-31^v	Cons.	Net sales (5-year summary)
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)
Operating income	−¥353m	2023-04-01 → 2024-06-30	Cons.	Operating income
Operating income	−¥886m	2022-04-01 → 2023-03-31	Cons.	Operating income
Ordinary income	−¥393m	2023-04-01 → 2024-06-30	Cons.	Ordinary income
Ordinary income	−¥910m	2022-04-01 → 2023-03-31	Cons.	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31^v	Cons.	Ordinary income loss (5-year summary)
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)
Profit before tax	−¥389m	2023-04-01 → 2024-06-30	Cons.	Income before income taxes
Profit before tax	−¥1.0bn	2022-04-01 → 2023-03-31	Cons.	Income before income taxes
Net income (owners)	−¥401m	2023-04-01 → 2024-06-30	Cons.	Profit loss attributable to owners of parent
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^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
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	−¥399m	2023-04-01 → 2024-06-30	Cons.	Profit loss
Net income	−¥1.0bn	2022-04-01 → 2023-03-31	Cons.	Profit loss
Total assets	¥3.5bn	at 2024-06-30	Cons.	Assets
Total assets	¥1.8bn	at 2023-03-31	Cons.	Assets
Total assets	¥3.7bn	at 2022-03-31^v	Cons.	Total assets (5-year summary)
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 liabilities	¥2.1bn	at 2024-06-30	Cons.	Liabilities
Total liabilities	¥3.7bn	at 2023-03-31	Cons.	Liabilities
Net assets / equity	¥1.4bn	at 2024-06-30	Cons.	Net assets
Net assets / equity	−¥1.8bn	at 2023-03-31	Cons.	Net assets
Net assets / equity	−¥1.7bn	at 2022-03-31^v	Cons.	Net assets
Net assets / equity	−¥1.0bn	at 2021-03-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.5bn	at 2020-03-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.5bn	at 2024-06-30	Cons.	Cash and deposits
Cash and deposits	¥828m	at 2023-03-31	Cons.	Cash and deposits
Cash & equivalents	¥2.5bn	at 2024-06-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥825m	at 2023-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.4bn	at 2022-03-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.5bn	at 2021-03-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.7bn	at 2020-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥122m	2023-04-01 → 2024-06-30	Cons.	Net cash provided by used in operating activities
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^v	Cons.	Net cash provided by used in operating activities (5-year summary)
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)
Investing cash flow	−¥14m	2023-04-01 → 2024-06-30	Cons.	Net cash provided by used in investment activities
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^v	Cons.	Net cash provided by used in investing activities (5-year summary)
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)
Financing cash flow	¥1.8bn	2023-04-01 → 2024-06-30	Cons.	Net cash provided by used in financing activities
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^v	Cons.	Net cash provided by used in financing activities (5-year summary)
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)
EPS (basic)	¥-26.49	2023-04-01 → 2024-06-30	Cons.	Basic earnings loss per share (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^v	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 (diluted)	¥17.98	2019-04-01 → 2020-03-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥68.86	at 2024-06-30	Cons.	Net assets 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^v	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)
Equity ratio	38.6%	at 2024-06-30	Cons.	Equity to asset ratio (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^v	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)
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)
Employees	95	at 2024-06-30	Cons.	Number of employees
Employees	114	at 2023-03-31	Cons.	Number of employees
Employees	188	at 2022-03-31^v	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
Revenue	¥3.2bn	2023-04-01 → 2024-06-30	Standalone	Net sales
Revenue	¥1.1bn	2022-04-01 → 2023-03-31	Standalone	Net sales
Revenue	¥1.1bn	2021-04-01 → 2022-03-31^v	Standalone	Net sales (5-year summary)
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)
Operating income	−¥361m	2023-04-01 → 2024-06-30	Standalone	Operating income
Operating income	−¥854m	2022-04-01 → 2023-03-31	Standalone	Operating income
Ordinary income	−¥401m	2023-04-01 → 2024-06-30	Standalone	Ordinary income
Ordinary income	−¥880m	2022-04-01 → 2023-03-31	Standalone	Ordinary income
Ordinary income	−¥1.3bn	2021-04-01 → 2022-03-31^v	Standalone	Ordinary income loss (5-year summary)
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)
Profit before tax	−¥416m	2023-04-01 → 2024-06-30	Standalone	Income before income taxes
Profit before tax	−¥1.0bn	2022-04-01 → 2023-03-31	Standalone	Income before income taxes
Net income	−¥423m	2023-04-01 → 2024-06-30	Standalone	Profit loss
Net income	−¥1.0bn	2022-04-01 → 2023-03-31	Standalone	Profit loss
Net income	−¥1.6bn	2021-04-01 → 2022-03-31^v	Standalone	Net income loss (5-year summary)
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)
Total assets	¥3.4bn	at 2024-06-30	Standalone	Assets
Total assets	¥1.7bn	at 2023-03-31	Standalone	Assets
Total assets	¥3.5bn	at 2022-03-31^v	Standalone	Total assets (5-year summary)
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 liabilities	¥2.1bn	at 2024-06-30	Standalone	Liabilities
Total liabilities	¥3.6bn	at 2023-03-31	Standalone	Liabilities
Net assets / equity	¥1.3bn	at 2024-06-30	Standalone	Net assets
Net assets / equity	−¥1.9bn	at 2023-03-31	Standalone	Net assets
Net assets / equity	−¥1.9bn	at 2022-03-31^v	Standalone	Net assets
Net assets / equity	−¥1.1bn	at 2021-03-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.4bn	at 2020-03-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.3bn	at 2024-06-30	Standalone	Cash and deposits
Cash and deposits	¥690m	at 2023-03-31	Standalone	Cash and deposits
EPS (basic)	¥-27.95	2023-04-01 → 2024-06-30	Standalone	Basic earnings loss per share (5-year summary)
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^v	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 (diluted)	¥14.75	2019-04-01 → 2020-03-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥65.78	at 2024-06-30	Standalone	Net assets 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^v	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)
Equity ratio	38.7%	at 2024-06-30	Standalone	Equity to asset ratio (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^v	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)
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)
Shares issued	19,799,800	at 2024-06-30	Standalone	Total number of issued shares (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^v	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)
Employees	66	at 2024-06-30	Standalone	Number of employees
Employees	69	at 2023-03-31	Standalone	Number of employees
Employees	140	at 2022-03-31^v	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

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 · 1,265

Item	Context	Value	Unit
Net assets	Prior1YearInstant	-1805770000	JPY
Issuance of new shares	CurrentYearDuration	3000000000	JPY
Issuance of new sharesexercise of subscription rights to shares	CurrentYearDuration	626072000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration	-400866000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	-17891000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	-17891000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_SubscriptionRightsToSharesMember	-14240000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonControllingInterestsMember	2382000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration	-29749000	JPY
Total changes of items during the period	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	-17891000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	-17891000	JPY
Total changes of items during the period	CurrentYearDuration_SubscriptionRightsToSharesMember	-14240000	JPY
Total changes of items during the period	CurrentYearDuration_NonControllingInterestsMember	2382000	JPY
Total changes of items during the period	CurrentYearDuration	3195456000	JPY
Net assets	CurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember	9238000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	9238000	JPY
Net assets	CurrentYearInstant_SubscriptionRightsToSharesMember	－	JPY
Net assets	CurrentYearInstant_NonControllingInterestsMember	28933000	JPY
Net assets	CurrentYearInstant	1389686000	JPY
Income before income taxes	Prior1YearDuration	-1042318000	JPY
Income before income taxes	CurrentYearDuration	-389259000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	832000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	838000	JPY
Impairment loss ope cf	Prior1YearDuration	106969000	JPY
Impairment loss ope cf	CurrentYearDuration	15494000	JPY
Settlement package ope cf	Prior1YearDuration	27342000	JPY
Settlement package ope cf	CurrentYearDuration	－	JPY
Surcharges ope cf	Prior1YearDuration	－	JPY
Surcharges ope cf	CurrentYearDuration	12000000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-502000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-765000	JPY
Interest expenses and guarantee commission ope cf	Prior1YearDuration	37402000	JPY
Interest expenses and guarantee commission ope cf	CurrentYearDuration	21989000	JPY
Stock issuance cost ope cf	Prior1YearDuration	－	JPY
Stock issuance cost ope cf	CurrentYearDuration	30633000	JPY
Loss gain on sales of stocks of subsidiaries and affiliates ope cf	Prior1YearDuration	－	JPY
Loss gain on sales of stocks of subsidiaries and affiliates ope cf	CurrentYearDuration	-31419000	JPY
Foreign exchange losses gains ope cf	Prior1YearDuration	-1838000	JPY
Foreign exchange losses gains ope cf	CurrentYearDuration	3233000	JPY
Subsidy income2 ope cf	Prior1YearDuration	-4200000	JPY
Subsidy income2 ope cf	CurrentYearDuration	－	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-99916000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	23218000	JPY
Decrease increase in travel advance payments ope cf	Prior1YearDuration	-230072000	JPY
Decrease increase in travel advance payments ope cf	CurrentYearDuration	-136417000	JPY
Decrease increase in accounts receivable other ope cf	Prior1YearDuration	20875000	JPY
Decrease increase in accounts receivable other ope cf	CurrentYearDuration	-1715000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	35339000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	40477000	JPY
Increase decrease in travel advance received ope cf	Prior1YearDuration	154269000	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 2023-03-31	pass
balance sheet identity	consolidated 2024-06-30	pass
balance sheet identity	non_consolidated 2023-03-31	pass
balance sheet identity	non_consolidated 2024-06-30	pass
dei present		pass
period resolution		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	consolidated 2024-06-30	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 assets	non_consolidated 2024-06-30	pass
statement vs summary · net income attributable to parent	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2023-04-01/2024-06-30	pass
statement vs summary · operating cash flow	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · operating cash flow	consolidated 2023-04-01/2024-06-30	pass
statement vs summary · revenue	consolidated 2022-04-01/2023-03-31	pass
statement vs summary · revenue	consolidated 2023-04-01/2024-06-30	pass
statement vs summary · revenue	non_consolidated 2022-04-01/2023-03-31	pass
statement vs summary · revenue	non_consolidated 2023-04-01/2024-06-30	pass
statement vs summary · total assets	consolidated 2023-03-31	pass
statement vs summary · total assets	consolidated 2024-06-30	pass
statement vs summary · total assets	non_consolidated 2023-03-31	pass
statement vs summary · total assets	non_consolidated 2024-06-30	pass