Annual report

Period2024-11-01 → 2025-10-31
Filed2026-01-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 142
MetricValuePeriodScopeSource row
Revenue¥12.3bn2024-11-01 → 2025-10-31Cons.Net sales
Revenue¥4.8bn2023-11-01 → 2024-10-31Cons.Net sales
Revenue¥2.7bn2022-11-01 → 2023-10-31vCons.Net sales (5-year summary)
Revenue¥2.7bn2021-11-01 → 2022-10-31vCons.Net sales (5-year summary)
Revenue¥3.6bn2020-11-01 → 2021-10-31vCons.Net sales (5-year summary)
Operating income¥4.9bn2024-11-01 → 2025-10-31Cons.Operating income
Operating income¥999m2023-11-01 → 2024-10-31Cons.Operating income
Ordinary income¥4.9bn2024-11-01 → 2025-10-31Cons.Ordinary income
Ordinary income¥1.3bn2023-11-01 → 2024-10-31Cons.Ordinary income
Ordinary income¥4.4bn2022-11-01 → 2023-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥209m2021-11-01 → 2022-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥524m2020-11-01 → 2021-10-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥5.0bn2024-11-01 → 2025-10-31Cons.Income before income taxes
Profit before tax¥1.3bn2023-11-01 → 2024-10-31Cons.Income before income taxes
Net income (owners)¥206m2024-11-01 → 2025-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥320m2023-11-01 → 2024-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥818m2022-11-01 → 2023-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥871m2021-11-01 → 2022-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥533m2020-11-01 → 2021-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥4.7bn2024-11-01 → 2025-10-31Cons.Profit loss
Net income¥1.2bn2023-11-01 → 2024-10-31Cons.Profit loss
Total assets¥14.4bnat 2025-10-31Cons.Assets
Total assets¥13.1bnat 2024-10-31Cons.Assets
Total assets¥12.0bnat 2023-10-31vCons.Total assets (5-year summary)
Total assets¥9.3bnat 2022-10-31vCons.Total assets (5-year summary)
Total assets¥8.9bnat 2021-10-31vCons.Total assets (5-year summary)
Total liabilities¥2.5bnat 2025-10-31Cons.Liabilities
Total liabilities¥1.8bnat 2024-10-31Cons.Liabilities
Net assets / equity¥11.9bnat 2025-10-31Cons.Net assets
Net assets / equity¥11.3bnat 2024-10-31Cons.Net assets
Net assets / equity¥10.1bnat 2023-10-31vCons.Net assets
Net assets / equity¥7.5bnat 2022-10-31vCons.Net assets (5-year summary)
Net assets / equity¥7.9bnat 2021-10-31vCons.Net assets (5-year summary)
Cash and deposits¥5.8bnat 2025-10-31Cons.Cash and deposits
Cash and deposits¥5.5bnat 2024-10-31Cons.Cash and deposits
Cash & equivalents¥5.8bnat 2025-10-31Cons.Cash and cash equivalents
Cash & equivalents¥5.5bnat 2024-10-31Cons.Cash and cash equivalents
Cash & equivalents¥5.4bnat 2023-10-31vCons.Cash and cash equivalents
Cash & equivalents¥4.7bnat 2022-10-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥4.6bnat 2021-10-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥5.4bn2024-11-01 → 2025-10-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥100m2023-11-01 → 2024-10-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥579m2022-11-01 → 2023-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥187m2021-11-01 → 2022-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥308m2020-11-01 → 2021-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥468m2024-11-01 → 2025-10-31Cons.Net cash provided by used in investment activities
Investing cash flow¥292m2023-11-01 → 2024-10-31Cons.Net cash provided by used in investment activities
Investing cash flow¥3.3bn2022-11-01 → 2023-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2021-11-01 → 2022-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.7bn2020-11-01 → 2021-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥4.6bn2024-11-01 → 2025-10-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥78m2023-11-01 → 2024-10-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥2.0bn2022-11-01 → 2023-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.5bn2021-11-01 → 2022-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥985m2020-11-01 → 2021-10-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥18.852024-11-01 → 2025-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥29.282023-11-01 → 2024-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥74.952022-11-01 → 2023-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-79.782021-11-01 → 2022-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥48.132020-11-01 → 2021-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥48.022020-11-01 → 2021-10-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥621.96at 2025-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥578.29at 2024-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥549.22at 2023-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥688.66at 2022-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥719.86at 2021-10-31vCons.Net assets per share (5-year summary)
Equity ratio47.1%at 2025-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio48.1%at 2024-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio50.1%at 2023-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio55.4%at 2022-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio67.9%at 2021-10-31vCons.Equity to asset ratio (5-year summary)
ROE3.1%2024-11-01 → 2025-10-31Cons.Rate of return on equity (5-year summary)
ROE5.2%2023-11-01 → 2024-10-31Cons.Rate of return on equity (5-year summary)
ROE14.7%2022-11-01 → 2023-10-31vCons.Rate of return on equity (5-year summary)
ROE8.7%2020-11-01 → 2021-10-31vCons.Rate of return on equity (5-year summary)
Employees329at 2025-10-31Cons.Number of employees
Employees249at 2024-10-31Cons.Number of employees
Employees211at 2023-10-31vCons.Number of employees
Employees258at 2022-10-31vCons.Number of employees
Employees238at 2021-10-31vCons.Number of employees
Revenue¥3.6bn2024-11-01 → 2025-10-31StandaloneNet sales
Revenue¥2.6bn2023-11-01 → 2024-10-31StandaloneNet sales
Revenue¥2.2bn2022-11-01 → 2023-10-31vStandaloneNet sales (5-year summary)
Revenue¥2.3bn2021-11-01 → 2022-10-31vStandaloneNet sales (5-year summary)
Revenue¥3.3bn2020-11-01 → 2021-10-31vStandaloneNet sales (5-year summary)
Operating income−¥1.1bn2024-11-01 → 2025-10-31StandaloneOperating income
Operating income−¥165m2023-11-01 → 2024-10-31StandaloneOperating income
Ordinary income−¥209m2024-11-01 → 2025-10-31StandaloneOrdinary income
Ordinary income¥278m2023-11-01 → 2024-10-31StandaloneOrdinary income
Ordinary income¥414m2022-11-01 → 2023-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥101,0002021-11-01 → 2022-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥696m2020-11-01 → 2021-10-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥201m2024-11-01 → 2025-10-31StandaloneIncome before income taxes
Profit before tax¥278m2023-11-01 → 2024-10-31StandaloneIncome before income taxes
Net income−¥244m2024-11-01 → 2025-10-31StandaloneProfit loss
Net income¥232m2023-11-01 → 2024-10-31StandaloneProfit loss
Net income¥627m2022-11-01 → 2023-10-31vStandaloneNet income loss (5-year summary)
Net income−¥849m2021-11-01 → 2022-10-31vStandaloneNet income loss (5-year summary)
Net income¥525m2020-11-01 → 2021-10-31vStandaloneNet income loss (5-year summary)
Total assets¥8.1bnat 2025-10-31StandaloneAssets
Total assets¥7.8bnat 2024-10-31StandaloneAssets
Total assets¥7.6bnat 2023-10-31vStandaloneTotal assets (5-year summary)
Total assets¥6.6bnat 2022-10-31vStandaloneTotal assets (5-year summary)
Total assets¥7.0bnat 2021-10-31vStandaloneTotal assets (5-year summary)
Total liabilities¥1.9bnat 2025-10-31StandaloneLiabilities
Total liabilities¥1.6bnat 2024-10-31StandaloneLiabilities
Net assets / equity¥6.2bnat 2025-10-31StandaloneNet assets
Net assets / equity¥6.2bnat 2024-10-31StandaloneNet assets
Net assets / equity¥5.9bnat 2023-10-31vStandaloneNet assets
Net assets / equity¥5.2bnat 2022-10-31vStandaloneNet assets (5-year summary)
Net assets / equity¥6.1bnat 2021-10-31vStandaloneNet assets (5-year summary)
Cash and deposits¥4.4bnat 2025-10-31StandaloneCash and deposits
Cash and deposits¥5.2bnat 2024-10-31StandaloneCash and deposits
EPS (basic)¥-22.352024-11-01 → 2025-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥21.222023-11-01 → 2024-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥57.392022-11-01 → 2023-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-77.762021-11-01 → 2022-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥47.412020-11-01 → 2021-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥47.32020-11-01 → 2021-10-31vStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥560.31at 2025-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥557.81at 2024-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥536.8at 2023-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥478.43at 2022-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥556.18at 2021-10-31vStandaloneNet assets per share (5-year summary)
Equity ratio75.2%at 2025-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio78.4%at 2024-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio77.6%at 2023-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio79.5%at 2022-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio86.6%at 2021-10-31vStandaloneEquity to asset ratio (5-year summary)
ROE3.9%2023-11-01 → 2024-10-31StandaloneRate of return on equity (5-year summary)
ROE11.3%2022-11-01 → 2023-10-31vStandaloneRate of return on equity (5-year summary)
ROE8.5%2020-11-01 → 2021-10-31vStandaloneRate of return on equity (5-year summary)
Shares issued11,201,800at 2025-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued11,195,600at 2024-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued11,195,600at 2023-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued11,195,600at 2022-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued11,195,600at 2021-10-31vStandaloneTotal number of issued shares (5-year summary)
Employees283at 2025-10-31StandaloneNumber of employees
Employees203at 2024-10-31StandaloneNumber of employees
Employees167at 2023-10-31vStandaloneNumber of employees
Employees217at 2022-10-31vStandaloneNumber of employees
Employees204at 2021-10-31vStandaloneNumber 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 · 40
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2025-10-31¥628m
Consulting Businessreportable segmentcapex2024-11-01 → 2025-10-31¥441m
Consulting Businessreportable segmentdepreciation2024-11-01 → 2025-10-31¥102m
Consulting Businessreportable segmentemployeesat 2025-10-31319 pure
Consulting Businessreportable segmentrevenue2024-11-01 → 2025-10-31¥4.1bn
Consulting Businessreportable segmentrevenue external2024-11-01 → 2025-10-31¥4.1bn
Consulting Businessreportable segmentsegment assetsat 2025-10-31¥6.2bn
Consulting Businessreportable segmentsegment profit2024-11-01 → 2025-10-31−¥1.1bn
Investment Businessreportable segmentcapex2024-11-01 → 2025-10-31¥395,000
Investment Businessreportable segmentdepreciation2024-11-01 → 2025-10-31¥609,000
Investment Businessreportable segmentemployeesat 2025-10-3110 pure
Investment Businessreportable segmentrevenue2024-11-01 → 2025-10-31¥8.2bn
Investment Businessreportable segmentrevenue external2024-11-01 → 2025-10-31¥8.2bn
Investment Businessreportable segmentsegment assetsat 2025-10-31¥7.6bn
Investment Businessreportable segmentsegment profit2024-11-01 → 2025-10-31¥6.0bn
Total Of Reportable Segments And Otherssegment totalcapex2024-11-01 → 2025-10-31¥442m
Total Of Reportable Segments And Otherssegment totaldepreciation2024-11-01 → 2025-10-31¥103m
Total Of Reportable Segments And Otherssegment totalrevenue2024-11-01 → 2025-10-31¥12.3bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-11-01 → 2025-10-31¥12.3bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-10-31¥13.8bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-11-01 → 2025-10-31¥4.9bn
Reconciling Itemsreconcilingsegment assetsat 2024-10-31¥207m
Consulting Businessreportable segmentcapex2023-11-01 → 2024-10-31¥4m
Consulting Businessreportable segmentdepreciation2023-11-01 → 2024-10-31¥37m
Consulting Businessreportable segmentrevenue2023-11-01 → 2024-10-31¥3.2bn
Consulting Businessreportable segmentrevenue external2023-11-01 → 2024-10-31¥3.2bn
Consulting Businessreportable segmentsegment assetsat 2024-10-31¥6.3bn
Consulting Businessreportable segmentsegment profit2023-11-01 → 2024-10-31−¥79m
Investment Businessreportable segmentcapex2023-11-01 → 2024-10-31¥1m
Investment Businessreportable segmentdepreciation2023-11-01 → 2024-10-31¥310,000
Investment Businessreportable segmentrevenue2023-11-01 → 2024-10-31¥1.6bn
Investment Businessreportable segmentrevenue external2023-11-01 → 2024-10-31¥1.6bn
Investment Businessreportable segmentsegment assetsat 2024-10-31¥6.6bn
Investment Businessreportable segmentsegment profit2023-11-01 → 2024-10-31¥1.1bn
Total Of Reportable Segments And Otherssegment totalcapex2023-11-01 → 2024-10-31¥5m
Total Of Reportable Segments And Otherssegment totaldepreciation2023-11-01 → 2024-10-31¥37m
Total Of Reportable Segments And Otherssegment totalrevenue2023-11-01 → 2024-10-31¥4.8bn
Total Of Reportable Segments And Otherssegment totalrevenue external2023-11-01 → 2024-10-31¥4.8bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2024-10-31¥12.9bn
Total Of Reportable Segments And Otherssegment totalsegment profit2023-11-01 → 2024-10-31¥999m

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

All source rows · 1,288
ItemContextValueUnit
Net assetsPrior1YearInstant11323189000JPY
Net assetsCurrentYearInstant11892298000JPY
Liabilities and net assetsPrior1YearInstant13114833000JPY
Liabilities and net assetsCurrentYearInstant14425030000JPY
Net salesPrior1YearDuration4755238000JPY
Net salesCurrentYearDuration12302688000JPY
Cost of salesPrior1YearDuration2289911000JPY
Cost of salesCurrentYearDuration4770818000JPY
Gross profitPrior1YearDuration2465326000JPY
Gross profitCurrentYearDuration7531869000JPY
Selling general and administrative expensesPrior1YearDuration1466553000JPY
Selling general and administrative expensesCurrentYearDuration2586565000JPY
Operating incomePrior1YearDuration998773000JPY
Operating incomeCurrentYearDuration4945304000JPY
Interest income noiPrior1YearDuration759000JPY
Interest income noiCurrentYearDuration8052000JPY
Subsidy income noi bountyPrior1YearDuration238000JPY
Subsidy income noi bountyCurrentYearDuration10450000JPY
Gain on investments in partnership noiPrior1YearDuration273418000JPY
Gain on investments in partnership noiCurrentYearDuration737000JPY
Miscellaneous income noiPrior1YearDuration11318000JPY
Miscellaneous income noiCurrentYearDuration2195000JPY
Non operating incomePrior1YearDuration285735000JPY
Non operating incomeCurrentYearDuration21436000JPY
Interest expenses noePrior1YearDuration5133000JPY
Interest expenses noeCurrentYearDuration8567000JPY
Interest on bonds noePrior1YearDuration60000JPY
Interest on bonds noeCurrentYearDuration-JPY
Taxes and dues noePrior1YearDuration3052000JPY
Taxes and dues noeCurrentYearDuration7386000JPY
Loss on retirement of noncurrent assets noePrior1YearDuration-JPY
Loss on retirement of noncurrent assets noeCurrentYearDuration3176000JPY
Miscellaneous loss noePrior1YearDuration339000JPY
Miscellaneous loss noeCurrentYearDuration0JPY
Non operating expensesPrior1YearDuration8585000JPY
Non operating expensesCurrentYearDuration19130000JPY
Ordinary incomePrior1YearDuration1275922000JPY
Ordinary incomeCurrentYearDuration4947609000JPY
Gain on reversal of subscription rights to shares eiPrior1YearDuration-JPY
Gain on reversal of subscription rights to shares eiCurrentYearDuration7685000JPY
Extraordinary incomePrior1YearDuration-JPY
Extraordinary incomeCurrentYearDuration7685000JPY
Income before income taxesPrior1YearDuration1275922000JPY
Income before income taxesCurrentYearDuration4955295000JPY
Income taxes currentPrior1YearDuration40862000JPY
Income taxes currentCurrentYearDuration298496000JPY
Income taxes deferredPrior1YearDuration40906000JPY
Income taxes deferredCurrentYearDuration-29545000JPY
Income taxesPrior1YearDuration81769000JPY
Income taxesCurrentYearDuration268951000JPY

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 2024-10-31pass
balance sheet identityconsolidated 2025-10-31pass
balance sheet identitynon_consolidated 2024-10-31pass rounding
balance sheet identitynon_consolidated 2025-10-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-10-31pass
statement vs summary · net assetsconsolidated 2024-10-31pass
statement vs summary · net assetsconsolidated 2025-10-31pass
statement vs summary · net assetsnon_consolidated 2023-10-31pass
statement vs summary · net assetsnon_consolidated 2024-10-31pass
statement vs summary · net assetsnon_consolidated 2025-10-31pass
statement vs summary · net income attributable to parentconsolidated 2023-11-01/2024-10-31pass
statement vs summary · net income attributable to parentconsolidated 2024-11-01/2025-10-31pass
statement vs summary · operating cash flowconsolidated 2023-11-01/2024-10-31pass
statement vs summary · operating cash flowconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenueconsolidated 2023-11-01/2024-10-31pass
statement vs summary · revenueconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenuenon_consolidated 2023-11-01/2024-10-31pass
statement vs summary · revenuenon_consolidated 2024-11-01/2025-10-31pass
statement vs summary · total assetsconsolidated 2024-10-31pass
statement vs summary · total assetsconsolidated 2025-10-31pass
statement vs summary · total assetsnon_consolidated 2024-10-31pass
statement vs summary · total assetsnon_consolidated 2025-10-31pass