Annual report

Period2024-12-01 → 2025-11-30
Filed2026-03-11
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100XNDX. Amended by S100XQ64 (2026-03-11).

Key figures · 132
MetricValuePeriodScopeSource row
Revenue¥2.9bn2024-12-01 → 2025-11-30Cons.Net sales
Revenue¥3.3bn2023-12-01 → 2024-11-30Cons.Net sales
Revenue¥2.7bn2022-12-01 → 2023-11-30vCons.Net sales (5-year summary)
Operating income−¥374m2024-12-01 → 2025-11-30Cons.Operating income
Operating income¥93m2023-12-01 → 2024-11-30Cons.Operating income
Ordinary income−¥391m2024-12-01 → 2025-11-30Cons.Ordinary income
Ordinary income¥83m2023-12-01 → 2024-11-30Cons.Ordinary income
Ordinary income¥288m2022-12-01 → 2023-11-30vCons.Ordinary income loss (5-year summary)
Profit before tax−¥372m2024-12-01 → 2025-11-30Cons.Income before income taxes
Profit before tax¥75m2023-12-01 → 2024-11-30Cons.Income before income taxes
Net income (owners)−¥405m2024-12-01 → 2025-11-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥3m2023-12-01 → 2024-11-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥267m2022-12-01 → 2023-11-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥405m2024-12-01 → 2025-11-30Cons.Profit loss
Net income¥3m2023-12-01 → 2024-11-30Cons.Profit loss
Total assets¥3.6bnat 2025-11-30Cons.Assets
Total assets¥3.8bnat 2024-11-30Cons.Assets
Total assets¥3.4bnat 2023-11-30vCons.Total assets (5-year summary)
Total assets¥2.8bnat 2022-11-30vCons.Total assets (5-year summary)
Total liabilities¥2.5bnat 2025-11-30Cons.Liabilities
Total liabilities¥2.3bnat 2024-11-30Cons.Liabilities
Net assets / equity¥1.1bnat 2025-11-30Cons.Net assets
Net assets / equity¥1.5bnat 2024-11-30Cons.Net assets
Net assets / equity¥1.5bnat 2023-11-30vCons.Net assets
Net assets / equity¥1.2bnat 2022-11-30vCons.Net assets (5-year summary)
Cash and deposits¥1.9bnat 2025-11-30Cons.Cash and deposits
Cash and deposits¥2.2bnat 2024-11-30Cons.Cash and deposits
Cash & equivalents¥1.8bnat 2025-11-30Cons.Cash and cash equivalents
Cash & equivalents¥2.2bnat 2024-11-30Cons.Cash and cash equivalents
Cash & equivalents¥2.1bnat 2023-11-30vCons.Cash and cash equivalents
Operating cash flow−¥389m2024-12-01 → 2025-11-30Cons.Net cash provided by used in operating activities
Operating cash flow¥255m2023-12-01 → 2024-11-30Cons.Net cash provided by used in operating activities
Operating cash flow¥28m2022-12-01 → 2023-11-30vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥76m2024-12-01 → 2025-11-30Cons.Net cash provided by used in investment activities
Investing cash flow−¥467m2023-12-01 → 2024-11-30Cons.Net cash provided by used in investment activities
Investing cash flow−¥526m2022-12-01 → 2023-11-30vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥92m2024-12-01 → 2025-11-30Cons.Net cash provided by used in financing activities
Financing cash flow¥318m2023-12-01 → 2024-11-30Cons.Net cash provided by used in financing activities
Financing cash flow¥282m2022-12-01 → 2023-11-30vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-145.152024-12-01 → 2025-11-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥12023-12-01 → 2024-11-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥96.842022-12-01 → 2023-11-30vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥0.992023-12-01 → 2024-11-30Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥96.212022-12-01 → 2023-11-30vCons.Diluted earnings per share (5-year summary)
Net assets per share¥373.91at 2025-11-30Cons.Net assets per share (5-year summary)
Net assets per share¥519.06at 2024-11-30Cons.Net assets per share (5-year summary)
Net assets per share¥534.3at 2023-11-30vCons.Net assets per share (5-year summary)
Net assets per share¥434.01at 2022-11-30vCons.Net assets per share (5-year summary)
Equity ratio28.8%at 2025-11-30Cons.Equity to asset ratio (5-year summary)
Equity ratio38.5%at 2024-11-30Cons.Equity to asset ratio (5-year summary)
Equity ratio43.2%at 2023-11-30vCons.Equity to asset ratio (5-year summary)
Equity ratio42.3%at 2022-11-30vCons.Equity to asset ratio (5-year summary)
ROE-32.5%2024-12-01 → 2025-11-30Cons.Rate of return on equity (5-year summary)
ROE0.2%2023-12-01 → 2024-11-30Cons.Rate of return on equity (5-year summary)
ROE20.0%2022-12-01 → 2023-11-30vCons.Rate of return on equity (5-year summary)
Employees169at 2025-11-30Cons.Number of employees
Employees161at 2024-11-30Cons.Number of employees
Employees133at 2023-11-30vCons.Number of employees
Employees105at 2022-11-30vCons.Number of employees
Revenue¥1.6bn2024-12-01 → 2025-11-30StandaloneNet sales
Revenue¥2.0bn2023-12-01 → 2024-11-30StandaloneNet sales
Revenue¥1.9bn2022-12-01 → 2023-11-30vStandaloneNet sales (5-year summary)
Revenue¥1.5bn2021-12-01 → 2022-11-30vStandaloneNet sales (5-year summary)
Revenue¥1.0bn2020-12-01 → 2021-11-30dStandaloneNet sales (5-year summary)
Operating income−¥243m2024-12-01 → 2025-11-30StandaloneOperating income
Operating income¥42m2023-12-01 → 2024-11-30StandaloneOperating income
Ordinary income−¥261m2024-12-01 → 2025-11-30StandaloneOrdinary income
Ordinary income¥32m2023-12-01 → 2024-11-30StandaloneOrdinary income
Ordinary income¥233m2022-12-01 → 2023-11-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥169m2021-12-01 → 2022-11-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥343m2020-12-01 → 2021-11-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥266m2024-12-01 → 2025-11-30StandaloneIncome before income taxes
Profit before tax−¥110m2023-12-01 → 2024-11-30StandaloneIncome before income taxes
Net income−¥305m2024-12-01 → 2025-11-30StandaloneProfit loss
Net income−¥138m2023-12-01 → 2024-11-30StandaloneProfit loss
Net income¥237m2022-12-01 → 2023-11-30vStandaloneNet income loss (5-year summary)
Net income¥162m2021-12-01 → 2022-11-30vStandaloneNet income loss (5-year summary)
Net income−¥423m2020-12-01 → 2021-11-30dStandaloneNet income loss (5-year summary)
Total assets¥2.9bnat 2025-11-30StandaloneAssets
Total assets¥3.4bnat 2024-11-30StandaloneAssets
Total assets¥3.2bnat 2023-11-30vStandaloneTotal assets (5-year summary)
Total assets¥2.6bnat 2022-11-30vStandaloneTotal assets (5-year summary)
Total assets¥2.2bnat 2021-11-30dStandaloneTotal assets (5-year summary)
Total liabilities¥1.9bnat 2025-11-30StandaloneLiabilities
Total liabilities¥2.1bnat 2024-11-30StandaloneLiabilities
Net assets / equity¥925mat 2025-11-30StandaloneNet assets
Net assets / equity¥1.2bnat 2024-11-30StandaloneNet assets
Net assets / equity¥1.3bnat 2023-11-30vStandaloneNet assets
Net assets / equity¥1.1bnat 2022-11-30vStandaloneNet assets (5-year summary)
Net assets / equity¥760mat 2021-11-30dStandaloneNet assets (5-year summary)
Cash and deposits¥1.4bnat 2025-11-30StandaloneCash and deposits
Cash and deposits¥1.9bnat 2024-11-30StandaloneCash and deposits
Cash & equivalents¥2.2bnat 2022-11-30vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥1.9bnat 2021-11-30dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥296m2021-12-01 → 2022-11-30vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow−¥219m2020-12-01 → 2021-11-30dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥214m2021-12-01 → 2022-11-30vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow¥1m2020-12-01 → 2021-11-30dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥144m2021-12-01 → 2022-11-30vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow¥856m2020-12-01 → 2021-11-30dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥-109.472024-12-01 → 2025-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-49.62023-12-01 → 2024-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥85.862022-12-01 → 2023-11-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥60.92021-12-01 → 2022-11-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-183.022020-12-01 → 2021-11-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥85.32022-12-01 → 2023-11-30vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥60.412021-12-01 → 2022-11-30vStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥311.71at 2025-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥421.18at 2024-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥470.18at 2023-11-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥379.86at 2022-11-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥288.84at 2021-11-30dStandaloneNet assets per share (5-year summary)
Equity ratio30.3%at 2025-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio34.9%at 2024-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio41.2%at 2023-11-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio39.3%at 2022-11-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio34.6%at 2021-11-30dStandaloneEquity to asset ratio (5-year summary)
ROE-29.9%2024-12-01 → 2025-11-30StandaloneRate of return on equity (5-year summary)
ROE-11.8%2023-12-01 → 2024-11-30StandaloneRate of return on equity (5-year summary)
ROE20.2%2022-12-01 → 2023-11-30vStandaloneRate of return on equity (5-year summary)
ROE18.0%2021-12-01 → 2022-11-30vStandaloneRate of return on equity (5-year summary)
ROE-55.1%2020-12-01 → 2021-11-30dStandaloneRate of return on equity (5-year summary)
Shares issued2,795,041at 2025-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued2,795,041at 2024-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued2,790,691at 2023-11-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,742,691at 2022-11-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,632,691at 2021-11-30dStandaloneTotal number of issued shares (5-year summary)
Employees137at 2025-11-30StandaloneNumber of employees
Employees141at 2024-11-30StandaloneNumber of employees
Employees126at 2023-11-30vStandaloneNumber of employees
Employees98at 2022-11-30vStandaloneNumber of employees
Employees106at 2021-11-30dStandaloneNumber 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 · 37
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2024-12-01 → 2025-11-30−¥17m
Reconciling Itemsreconcilingrevenue intersegment2024-12-01 → 2025-11-30−¥17m
Reconciling Itemsreconcilingsegment assetsat 2025-11-30−¥700m
Reconciling Itemsreconcilingsegment profit2024-12-01 → 2025-11-30¥150,000
Business Revitalizationreportable segmentemployeesat 2025-11-3020 pure
Business Revitalizationreportable segmentrevenue2024-12-01 → 2025-11-30¥1.1bn
Business Revitalizationreportable segmentrevenue external2024-12-01 → 2025-11-30¥1.1bn
Business Revitalizationreportable segmentsegment assetsat 2025-11-30¥1.5bn
Business Revitalizationreportable segmentsegment profit2024-12-01 → 2025-11-30−¥110m
Human Resourcesreportable segmentemployeesat 2025-11-30149 pure
Human Resourcesreportable segmentrevenue2024-12-01 → 2025-11-30¥1.8bn
Human Resourcesreportable segmentrevenue external2024-12-01 → 2025-11-30¥1.7bn
Human Resourcesreportable segmentrevenue intersegment2024-12-01 → 2025-11-30¥17m
Human Resourcesreportable segmentsegment assetsat 2025-11-30¥2.9bn
Human Resourcesreportable segmentsegment profit2024-12-01 → 2025-11-30−¥264m
Total Of Reportable Segments And Otherssegment totalrevenue2024-12-01 → 2025-11-30¥2.9bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-12-01 → 2025-11-30¥2.9bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2024-12-01 → 2025-11-30¥17m
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-11-30¥4.3bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-12-01 → 2025-11-30−¥374m
Reconciling Itemsreconcilingrevenue2023-12-01 → 2024-11-30−¥24m
Reconciling Itemsreconcilingrevenue intersegment2023-12-01 → 2024-11-30−¥24m
Reconciling Itemsreconcilingsegment assetsat 2024-11-30−¥541m
Business Revitalizationreportable segmentrevenue2023-12-01 → 2024-11-30¥1.2bn
Business Revitalizationreportable segmentrevenue external2023-12-01 → 2024-11-30¥1.2bn
Business Revitalizationreportable segmentsegment assetsat 2024-11-30¥936m
Business Revitalizationreportable segmentsegment profit2023-12-01 → 2024-11-30¥70m
Human Resourcesreportable segmentrevenue2023-12-01 → 2024-11-30¥2.1bn
Human Resourcesreportable segmentrevenue external2023-12-01 → 2024-11-30¥2.1bn
Human Resourcesreportable segmentrevenue intersegment2023-12-01 → 2024-11-30¥24m
Human Resourcesreportable segmentsegment assetsat 2024-11-30¥3.4bn
Human Resourcesreportable segmentsegment profit2023-12-01 → 2024-11-30¥24m
Total Of Reportable Segments And Otherssegment totalrevenue2023-12-01 → 2024-11-30¥3.3bn
Total Of Reportable Segments And Otherssegment totalrevenue external2023-12-01 → 2024-11-30¥3.3bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2023-12-01 → 2024-11-30¥24m
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2024-11-30¥4.3bn
Total Of Reportable Segments And Otherssegment totalsegment profit2023-12-01 → 2024-11-30¥93m

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,348
ItemContextValueUnit
Gain on reversal of subscription rights to shares ope cfCurrentYearDuration-5066000JPY
Subsidy income ope cfPrior1YearDuration-89333000JPY
Subsidy income ope cfCurrentYearDuration-11303000JPY
Cashback income ope cfPrior1YearDuration-2160000JPY
Cashback income ope cfCurrentYearDuration-JPY
Loss gain on valuation of investment securities ope cfPrior1YearDuration99980000JPY
Loss gain on valuation of investment securities ope cfCurrentYearDuration-JPY
Loss gain on sales of property plant and equipment ope cfPrior1YearDuration-1311000JPY
Loss gain on sales of property plant and equipment ope cfCurrentYearDuration-JPY
Loss on retirement of noncurrent assets ope cfPrior1YearDuration5880000JPY
Loss on retirement of noncurrent assets ope cfCurrentYearDuration12152000JPY
Gain on negative goodwill ope cfPrior1YearDuration-JPY
Gain on negative goodwill ope cfCurrentYearDuration-14553000JPY
Increase decrease in allowance for doubtful accounts ope cfPrior1YearDuration1765000JPY
Increase decrease in allowance for doubtful accounts ope cfCurrentYearDuration-751000JPY
Increase decrease in provision for bonuses ope cfPrior1YearDuration6430000JPY
Increase decrease in provision for bonuses ope cfCurrentYearDuration-620000JPY
Increase decrease in refund liabilities ope cfPrior1YearDuration100000JPY
Increase decrease in refund liabilities ope cfCurrentYearDuration-1466000JPY
Interest and dividends income ope cfPrior1YearDuration-232000JPY
Interest and dividends income ope cfCurrentYearDuration-2813000JPY
Interest expenses ope cfPrior1YearDuration22297000JPY
Interest expenses ope cfCurrentYearDuration26565000JPY
Decrease increase in notes and accounts receivable trade ope cfPrior1YearDuration15889000JPY
Decrease increase in notes and accounts receivable trade ope cfCurrentYearDuration-49357000JPY
Decrease increase in inventories ope cfPrior1YearDuration77455000JPY
Decrease increase in inventories ope cfCurrentYearDuration-124106000JPY
Decrease increase in accounts receivable other ope cfPrior1YearDuration23151000JPY
Decrease increase in accounts receivable other ope cfCurrentYearDuration13557000JPY
Decrease increase in prepaid expenses ope cfPrior1YearDuration-15826000JPY
Decrease increase in prepaid expenses ope cfCurrentYearDuration5081000JPY
Increase decrease in notes and accounts payable trade ope cfPrior1YearDuration-18317000JPY
Increase decrease in notes and accounts payable trade ope cfCurrentYearDuration2055000JPY
Increase decrease in contract liabilities ope cfPrior1YearDuration-36332000JPY
Increase decrease in contract liabilities ope cfCurrentYearDuration28435000JPY
Increase decrease in accounts payable other ope cfPrior1YearDuration35000JPY
Increase decrease in accounts payable other ope cfCurrentYearDuration1315000JPY
Increase decrease in accrued expenses ope cfPrior1YearDuration38966000JPY
Increase decrease in accrued expenses ope cfCurrentYearDuration-10706000JPY
Increase decrease in accrued consumption taxes ope cfPrior1YearDuration32515000JPY
Increase decrease in accrued consumption taxes ope cfCurrentYearDuration-28943000JPY
Other net ope cfPrior1YearDuration13586000JPY
Other net ope cfCurrentYearDuration-30513000JPY
Subtotal ope cfPrior1YearDuration351835000JPY
Subtotal ope cfCurrentYearDuration-387942000JPY
Interest subsidies receivedPrior1YearDuration3600000JPY
Interest subsidies receivedCurrentYearDuration-JPY
Proceeds from rent income ope cfPrior1YearDuration4538000JPY
Proceeds from rent income ope cfCurrentYearDuration5016000JPY
Amount of cashback income received ope cf inv cfPrior1YearDuration2160000JPY

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 2024-11-30pass
balance sheet identityconsolidated 2025-11-30pass rounding
balance sheet identitynon_consolidated 2024-11-30pass rounding
balance sheet identitynon_consolidated 2025-11-30pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-11-30pass
statement vs summary · net assetsconsolidated 2024-11-30pass
statement vs summary · net assetsconsolidated 2025-11-30pass
statement vs summary · net assetsnon_consolidated 2023-11-30pass
statement vs summary · net assetsnon_consolidated 2024-11-30pass
statement vs summary · net assetsnon_consolidated 2025-11-30pass
statement vs summary · net income attributable to parentconsolidated 2023-12-01/2024-11-30pass
statement vs summary · net income attributable to parentconsolidated 2024-12-01/2025-11-30pass
statement vs summary · operating cash flowconsolidated 2023-12-01/2024-11-30pass
statement vs summary · operating cash flowconsolidated 2024-12-01/2025-11-30pass
statement vs summary · revenueconsolidated 2023-12-01/2024-11-30pass
statement vs summary · revenueconsolidated 2024-12-01/2025-11-30pass
statement vs summary · revenuenon_consolidated 2023-12-01/2024-11-30pass
statement vs summary · revenuenon_consolidated 2024-12-01/2025-11-30pass
statement vs summary · total assetsconsolidated 2024-11-30pass
statement vs summary · total assetsconsolidated 2025-11-30pass
statement vs summary · total assetsnon_consolidated 2024-11-30pass
statement vs summary · total assetsnon_consolidated 2025-11-30pass