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
Net assets	Prior1YearInstant_NonConsolidatedMember_ShareholdersEquityMember	1386426000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-37116000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-37116000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-37116000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-57050000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-57050000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-57050000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalRetainedEarningsMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-94166000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-94166000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-94166000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalStockMember	724400000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	131450000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalRetainedEarningsMember	49649000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	390777000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember	440427000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_TreasuryStockMember	-4017000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_ShareholdersEquityMember	1292259000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	41891000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	1428317000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember	-37116000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	-57050000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	33551000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember	33551000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	33551000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember	-60615000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	75442000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	1367702000	JPY
Discounted trade electronically recorded monetary claims	Prior1YearInstant_NonConsolidatedMember	149753000	JPY
Discounted trade electronically recorded monetary claims	CurrentYearInstant_NonConsolidatedMember	107040000	JPY
Freightage and packing expenses sga	Prior1YearDuration_NonConsolidatedMember	17855000	JPY
Freightage and packing expenses sga	CurrentYearDuration_NonConsolidatedMember	15054000	JPY
Directors compensations sga	Prior1YearDuration_NonConsolidatedMember	30000000	JPY
Directors compensations sga	CurrentYearDuration_NonConsolidatedMember	30000000	JPY
Operations consignment expenses sga	Prior1YearDuration_NonConsolidatedMember	42760000	JPY
Operations consignment expenses sga	CurrentYearDuration_NonConsolidatedMember	39254000	JPY
Consulting expenses sga	Prior1YearDuration_NonConsolidatedMember	24180000	JPY
Consulting expenses sga	CurrentYearDuration_NonConsolidatedMember	25960000	JPY
Depreciation sga	Prior1YearDuration_NonConsolidatedMember	9000000	JPY
Depreciation sga	CurrentYearDuration_NonConsolidatedMember	9617000	JPY
Retirement benefit expenses sga	Prior1YearDuration_NonConsolidatedMember	407000	JPY
Retirement benefit expenses sga	CurrentYearDuration_NonConsolidatedMember	472000	JPY
Document title cover page	FilingDateInstant	Original text (Japanese) 有価証券報告書
Clause of stipulation cover page	FilingDateInstant	Original text (Japanese) 金融商品取引法第24条第１項
Place of filing cover page	FilingDateInstant	Original text (Japanese) 北陸財務局長
Filing date cover page	FilingDateInstant	2026-03-27
Fiscal year cover page	FilingDateInstant	Original text (Japanese) 第78期（自　令和７年１月１日　至　令和７年12月31日）

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