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
Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	452000	JPY
Other net inv cf	Prior1YearDuration	23149000	JPY
Other net inv cf	CurrentYearDuration	273000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	1379821000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-14189000	JPY
Net increase decrease in short term loans payable fin cf	Prior1YearDuration	-1501000000	JPY
Net increase decrease in short term loans payable fin cf	CurrentYearDuration	-1799000000	JPY
Proceeds from issuance of common stock fin cf	Prior1YearDuration	－	JPY
Proceeds from issuance of common stock fin cf	CurrentYearDuration	2969366000	JPY
Proceeds from exercise of stock option fin cf	Prior1YearDuration	3412000	JPY
Proceeds from exercise of stock option fin cf	CurrentYearDuration	－	JPY
Proceeds from issuance of subscription rights to shares fin cf	Prior1YearDuration	21480000	JPY
Proceeds from issuance of subscription rights to shares fin cf	CurrentYearDuration	－	JPY
Proceeds from issuance of stock resulting from exercise of subscription rights to shares fin cf	Prior1YearDuration	956277000	JPY
Proceeds from issuance of stock resulting from exercise of subscription rights to shares fin cf	CurrentYearDuration	619736000	JPY
Payments for purchase of treasury subscription right to shares fin cf	Prior1YearDuration	－	JPY
Payments for purchase of treasury subscription right to shares fin cf	CurrentYearDuration	-7903000	JPY
Proceeds from share issuance to non controlling shareholders fin cf	Prior1YearDuration	39000	JPY
Proceeds from share issuance to non controlling shareholders fin cf	CurrentYearDuration	－	JPY
Net cash provided by used in financing activities	Prior1YearDuration	-519789000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	1782198000	JPY
Effect of exchange rate change on cash and cash equivalents	Prior1YearDuration	8909000	JPY
Effect of exchange rate change on cash and cash equivalents	CurrentYearDuration	8155000	JPY
Net increase decrease in cash and cash equivalents	Prior1YearDuration	-583959000	JPY
Net increase decrease in cash and cash equivalents	CurrentYearDuration	1654336000	JPY
Cash and cash equivalents	Prior2YearInstant	1408867000	JPY
Cash and cash equivalents	Prior1YearInstant	824908000	JPY
Cash and cash equivalents	Prior1YearInstant	824908000	JPY
Cash and cash equivalents	CurrentYearInstant	2479245000	JPY
Number of consolidated subsidiaries	CurrentYearInstant	3
Accumulated depreciation ppe by group	Prior1YearInstant	-50280000	JPY
Accumulated depreciation ppe by group	CurrentYearInstant	-32616000	JPY
Payroll and allowances sga	Prior1YearDuration	436854000	JPY
Payroll and allowances sga	CurrentYearDuration	411065000	JPY
Provision for bonuses sga	Prior1YearDuration	1310000	JPY
Provision for bonuses sga	CurrentYearDuration	781000	JPY
Depreciation sga	Prior1YearDuration	832000	JPY
Depreciation sga	CurrentYearDuration	838000	JPY
Advertising expenses sga	Prior1YearDuration	26533000	JPY
Advertising expenses sga	CurrentYearDuration	90546000	JPY
Commission fee sga	Prior1YearDuration	316303000	JPY
Commission fee sga	CurrentYearDuration	313312000	JPY
Rent expense sga	Prior1YearDuration	138113000	JPY
Rent expense sga	CurrentYearDuration	84229000	JPY
Cash and deposits	Prior1YearInstant_NonConsolidatedMember	690169000	JPY
Cash and deposits	CurrentYearInstant_NonConsolidatedMember	2341049000	JPY
Accounts receivable trade	Prior1YearInstant_NonConsolidatedMember	201259000	JPY
Accounts receivable trade	CurrentYearInstant_NonConsolidatedMember	177319000	JPY
Accounts receivable installment	Prior1YearInstant_NonConsolidatedMember	1912000	JPY
Accounts receivable installment	CurrentYearInstant_NonConsolidatedMember	140000	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