Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 149

Metric	Value	Period	Scope	Source row
Revenue	¥10.1bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥12.5bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥13.0bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥17.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥18.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥866m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥12m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥904m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥94m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥1.2bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥14m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.5bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥1.6bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥97m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥1.6bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥67m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥2.1bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥3m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.0bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥1.6bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥67m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥4.7bn	at 2025-12-31	Cons.	Assets
Total assets	¥6.2bn	at 2024-12-31	Cons.	Assets
Total assets	¥7.8bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥9.9bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥10.9bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥1.8bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥1.8bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥2.8bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥4.3bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥4.3bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥6.3bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥6.3bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥673m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥673m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.3bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.2bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.2bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.0bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥577m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.3bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥246m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥840m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥3.2bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥429m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥205m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥371m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥621m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥964m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥341m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.0bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥44m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥5m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥738m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-187.82	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥7.92	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-245.68	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥0.36	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥122.81	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥7.91	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥0.36	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥119.93	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥329.86	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥513.93	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥505.37	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥753.15	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥755.63	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	60.3%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	54.7%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	63.7%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	57.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	-44.6%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	1.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-39.2%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	0.0%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	18.4%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	104	at 2025-12-31	Cons.	Number of employees
Employees	100	at 2024-12-31	Cons.	Number of employees
Employees	137	at 2023-12-31^v	Cons.	Number of employees
Employees	168	at 2022-12-31^v	Cons.	Number of employees
Employees	147	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥10.1bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥12.4bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥13.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥17.6bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥18.4bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥874m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥16m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥910m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥91m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥1.2bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥12m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.5bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥1.6bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥94m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥1.6bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥64m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥2.1bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥2m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥1.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥4.6bn	at 2025-12-31	Standalone	Assets
Total assets	¥6.2bn	at 2024-12-31	Standalone	Assets
Total assets	¥7.8bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥9.9bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥10.9bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥1.8bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥2.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥4.2bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥6.3bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥6.3bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥574m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.3bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-188.57	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥7.58	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-245.12	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥0.27	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥122.62	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥7.56	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥0.27	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥119.74	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥324.35	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥509.44	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥502.46	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥750.65	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥753.57	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	59.7%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	70.1%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.4%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	63.6%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.8%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	-45.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	1.5%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-39.3%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	0.0%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	18.4%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	8,526,200	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	8,466,400	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	8,443,900	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	8,382,900	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	8,327,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	104	at 2025-12-31	Standalone	Number of employees
Employees	100	at 2024-12-31	Standalone	Number of employees
Employees	137	at 2023-12-31^v	Standalone	Number of employees
Employees	168	at 2022-12-31^v	Standalone	Number of employees
Employees	147	at 2021-12-31^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.

Segments · 1

Segment	Item	Period	Value
Home Appliancereportable segment	employees	at 2025-12-31	104 pure

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

All source rows · 1,227

Item	Context	Value	Unit
Net assets	Prior1YearInstant_NonConsolidatedMember	4311000000	JPY
Issuance of new shares	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	27000000	JPY
Issuance of new shares	CurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	27000000	JPY
Issuance of new shares	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	27000000	JPY
Issuance of new shares	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	55000000	JPY
Issuance of new shares	CurrentYearDuration_NonConsolidatedMember	55000000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-1603000000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-1603000000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-1603000000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	-1603000000	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	-0	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-0	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember	-0	JPY
Transfer to other capital reserve from capital stock	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	-80000000	JPY
Transfer to other capital reserve from capital stock	CurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember	80000000	JPY
Transfer to other capital reserve from capital stock	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	80000000	JPY
Transfer to other capital reserve from capital stock	CurrentYearDuration_NonConsolidatedMember	－	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	-52000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	27000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember	80000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	108000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalRetainedEarningsMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-1603000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-1603000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	-0	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-1547000000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember	-1547000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalStockMember	37000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	1451000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	1416000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalSurplusMember	2867000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalRetainedEarningsMember	0	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-141000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember	-141000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_TreasuryStockMember	-0	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_ShareholdersEquityMember	2763000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	2763000000	JPY
Payroll and allowances sga	Prior1YearDuration_NonConsolidatedMember	654000000	JPY
Payroll and allowances sga	CurrentYearDuration_NonConsolidatedMember	641000000	JPY
Advertising expenses sga	Prior1YearDuration_NonConsolidatedMember	413000000	JPY
Advertising expenses sga	CurrentYearDuration_NonConsolidatedMember	634000000	JPY
Consignment fee sga	Prior1YearDuration_NonConsolidatedMember	422000000	JPY
Consignment fee sga	CurrentYearDuration_NonConsolidatedMember	487000000	JPY
Research and development expenses sga	Prior1YearDuration_NonConsolidatedMember	270000000	JPY
Research and development expenses sga	CurrentYearDuration_NonConsolidatedMember	317000000	JPY
Depreciation sga	Prior1YearDuration_NonConsolidatedMember	121000000	JPY
Depreciation sga	CurrentYearDuration_NonConsolidatedMember	98000000	JPY
Provision for bonuses sga	Prior1YearDuration_NonConsolidatedMember	50000000	JPY
Provision for bonuses sga	CurrentYearDuration_NonConsolidatedMember	56000000	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 2024-12-31	pass rounding
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass