Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥5.9bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥6.5bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥7.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥7.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥6.2bn	2021-01-01 → 2021-12-31^v	Cons.	Net sales (5-year summary)
Operating income	−¥110m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥133m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥136m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥104m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥139m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥263m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥106m	2021-01-01 → 2021-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥252m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥163m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥377m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥181m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥51m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥80m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥30m	2021-01-01 → 2021-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥340m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥242m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥7.2bn	at 2025-12-31	Cons.	Assets
Total assets	¥7.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥7.6bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥7.6bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥6.9bn	at 2021-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥5.6bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥5.8bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥1.7bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥1.9bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥2.0bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥2.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.9bn	at 2021-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.7bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.7bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.5bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.5bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.3bn	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	¥1.2bn	at 2021-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥231m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥76m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥187m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥144m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥276m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥76m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥200m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥204m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥104m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥88m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥169m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥241m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥495m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥221m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥10m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-304.33	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-146.63	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥41.5	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.25	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥24.31	2021-01-01 → 2021-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥946.07	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,218.38	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,314.01	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,273.98	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,213.94	at 2021-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	16.2%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	19.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	21.3%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	20.8%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	21.9%	at 2021-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	-28.1%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-11.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	3.2%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	2.1%	2021-01-01 → 2021-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	302	at 2025-12-31	Cons.	Number of employees
Employees	329	at 2024-12-31	Cons.	Number of employees
Employees	322	at 2023-12-31^v	Cons.	Number of employees
Employees	374	at 2022-12-31^v	Cons.	Number of employees
Employees	365	at 2021-12-31^v	Cons.	Number of employees
Revenue	¥3.4bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥3.4bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥4.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥4.3bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥3.7bn	2021-01-01 → 2021-12-31^v	Standalone	Net sales (5-year summary)
Operating income	¥31m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥2m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥64m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥71m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥131m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥127m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥97m	2021-01-01 → 2021-12-31^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥21m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥54m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥57m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥28m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥72m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥85m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥65m	2021-01-01 → 2021-12-31^v	Standalone	Net income loss (5-year summary)
Total assets	¥3.9bn	at 2025-12-31	Standalone	Assets
Total assets	¥4.1bn	at 2024-12-31	Standalone	Assets
Total assets	¥4.2bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.7bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.1bn	at 2021-12-31^v	Standalone	Total assets (5-year summary)
Total liabilities	¥2.5bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥2.6bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥1.4bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥1.4bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.4bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.3bn	at 2021-12-31^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥497m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥482m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-46.11	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥22.38	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥57.9	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥68.52	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥52.29	2021-01-01 → 2021-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥25	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥45	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2021-01-01 → 2021-12-31^v	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,105.48	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,154.47	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,149.42	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,125.48	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,090.62	at 2021-12-31^v	Standalone	Net assets per share (5-year summary)
Equity ratio	35.2%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	35.0%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.9%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	29.7%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.0%	at 2021-12-31^v	Standalone	Equity to asset ratio (5-year summary)
ROE	-4.1%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	1.9%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	5.1%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	6.2%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	4.8%	2021-01-01 → 2021-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	1,240,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,240,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,240,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,240,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,240,000	at 2021-12-31^v	Standalone	Total number of issued shares (5-year summary)
Employees	45	at 2025-12-31	Standalone	Number of employees
Employees	46	at 2024-12-31	Standalone	Number of employees
Employees	51	at 2023-12-31^v	Standalone	Number of employees
Employees	51	at 2022-12-31^v	Standalone	Number of employees
Employees	49	at 2021-12-31^v	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 · 1,325

Item	Context	Value	Unit
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	192455000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	187501000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	1943000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	30998000	JPY
Interest and dividends income noi	Prior1YearDuration_NonConsolidatedMember	5160000	JPY
Interest and dividends income noi	CurrentYearDuration_NonConsolidatedMember	7267000	JPY
Real estate rent noi	Prior1YearDuration_NonConsolidatedMember	28176000	JPY
Real estate rent noi	CurrentYearDuration_NonConsolidatedMember	29078000	JPY
Foreign exchange gains noi	Prior1YearDuration_NonConsolidatedMember	31990000	JPY
Foreign exchange gains noi	CurrentYearDuration_NonConsolidatedMember	－	JPY
Other noi	Prior1YearDuration_NonConsolidatedMember	26532000	JPY
Other noi	CurrentYearDuration_NonConsolidatedMember	30047000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	91860000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	66393000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	17381000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	23457000	JPY
Rent cost of real estate depreciation noe	Prior1YearDuration_NonConsolidatedMember	2486000	JPY
Rent cost of real estate depreciation noe	CurrentYearDuration_NonConsolidatedMember	2545000	JPY
Foreign exchange losses noe	Prior1YearDuration_NonConsolidatedMember	－	JPY
Foreign exchange losses noe	CurrentYearDuration_NonConsolidatedMember	6172000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	2521000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	1033000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	22389000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	33208000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	71414000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	64183000	JPY
Gain on sales of investment securities ei	Prior1YearDuration_NonConsolidatedMember	902000	JPY
Gain on sales of investment securities ei	CurrentYearDuration_NonConsolidatedMember	47175000	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration_NonConsolidatedMember	864000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	1766000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	47175000	JPY
Loss on retirement of noncurrent assets el	Prior1YearDuration_NonConsolidatedMember	0	JPY
Loss on retirement of noncurrent assets el	CurrentYearDuration_NonConsolidatedMember	0	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	13784000	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Provision of allowance for doubtful accounts for subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	5260000	JPY
Provision of allowance for doubtful accounts for subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	27337000	JPY
Provision for loss on business of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Provision for loss on business of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	84557000	JPY
Expense related to retrospective adjustment el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Expense related to retrospective adjustment el	CurrentYearDuration_NonConsolidatedMember	20885000	JPY
Extraordinary loss	Prior1YearDuration_NonConsolidatedMember	19044000	JPY
Extraordinary loss	CurrentYearDuration_NonConsolidatedMember	132780000	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	54136000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	-21421000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	34527000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	31271000	JPY
Income taxes deferred	Prior1YearDuration_NonConsolidatedMember	-8085000	JPY
Income taxes deferred	CurrentYearDuration_NonConsolidatedMember	4357000	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
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass
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