Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 146

Metric	Value	Period	Scope	Source row
Revenue	¥15.7bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥13.5bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥9.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥11.8bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥11.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥41m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥149m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥232m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥133m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥424m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥131m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥112m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥182m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥98m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥199m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥114m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥983m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥233m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥260m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥228m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥113m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥4.2bn	at 2025-12-31	Cons.	Assets
Total assets	¥4.3bn	at 2024-12-31	Cons.	Assets
Total assets	¥3.5bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.9bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥5.0bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥3.5bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥3.8bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥650m	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥495m	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥583m	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥1.6bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.9bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥1.6bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.4bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥1.6bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.4bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.1bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.0bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥304m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥161m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥157m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥430m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥35m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥118m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥191m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥397m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥20m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥285m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥184m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥204m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥515m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥27.88	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-16.47	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-141.95	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-33.59	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-36.65	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥27.79	2025-01-01 → 2025-12-31	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥79.77	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥62.64	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥76.67	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥218.93	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥265.76	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	13.6%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	10.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	15.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	31.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	36.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	39.4%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-23.5%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	-96.1%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	-13.8%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	-12.8%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	161	at 2025-12-31	Cons.	Number of employees
Employees	149	at 2024-12-31	Cons.	Number of employees
Employees	156	at 2023-12-31^v	Cons.	Number of employees
Employees	180	at 2022-12-31^v	Cons.	Number of employees
Employees	191	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥14.6bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥12.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥8.8bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥11.6bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥11.5bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥8m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥23m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥211m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥37m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥259m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥17m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥42m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥81m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥216m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥158m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥210m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥938m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥214m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	−¥275m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥3.9bn	at 2025-12-31	Standalone	Assets
Total assets	¥4.0bn	at 2024-12-31	Standalone	Assets
Total assets	¥3.5bn	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	¥4.9bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.3bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥3.6bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥619m	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥469m	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥632m	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.6bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.9bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.3bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.1bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥22.17	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-30.35	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-135.42	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-30.95	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-38.77	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥22	2025-01-01 → 2025-12-31	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥5	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥86.26	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥66.62	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥90.84	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥226.39	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥269.65	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	15.7%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	11.6%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	18.1%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.1%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	38.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	29.1%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-38.3%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	-85.4%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	-12.5%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	-13.3%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	7,367,300	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,237,360	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,124,160	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,118,560	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	7,117,520	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	108	at 2025-12-31	Standalone	Number of employees
Employees	99	at 2024-12-31	Standalone	Number of employees
Employees	111	at 2023-12-31^v	Standalone	Number of employees
Employees	139	at 2022-12-31^v	Standalone	Number of employees
Employees	141	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.

All source rows · 1,324

Item	Context	Value	Unit
Proceeds from subsidy ope cf	CurrentYearDuration	136444000	JPY
Settlement package paid ope cf	Prior1YearDuration	－	JPY
Settlement package paid ope cf	CurrentYearDuration	-4050000	JPY
Income taxes paid ope cf	Prior1YearDuration	-20907000	JPY
Income taxes paid ope cf	CurrentYearDuration	-20165000	JPY
Net cash provided by used in operating activities	Prior1YearDuration	-160726000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	303839000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-2002000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-3055000	JPY
Purchase of intangible assets inv cf	Prior1YearDuration	-78798000	JPY
Purchase of intangible assets inv cf	CurrentYearDuration	-33939000	JPY
Net decrease increase in short term loans receivable inv cf	Prior1YearDuration	－	JPY
Net decrease increase in short term loans receivable inv cf	CurrentYearDuration	-29817000	JPY
Purchase of investment securities inv cf	Prior1YearDuration	-2000000	JPY
Purchase of investment securities inv cf	CurrentYearDuration	-2500000	JPY
Proceeds from sales and redemption of investment securities inv cf	Prior1YearDuration	642000	JPY
Proceeds from sales and redemption of investment securities inv cf	CurrentYearDuration	57516000	JPY
Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation inv cf	Prior1YearDuration	17830000	JPY
Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	－	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	Prior1YearDuration	-70402000	JPY
Purchase of investments in subsidiaries resulting in change in scope of consolidation inv cf	CurrentYearDuration	－	JPY
Payments for transfer of business2 inv cf	Prior1YearDuration	－	JPY
Payments for transfer of business2 inv cf	CurrentYearDuration	-30910000	JPY
Other net inv cf	Prior1YearDuration	17215000	JPY
Other net inv cf	CurrentYearDuration	7978000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-117515000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-34727000	JPY
Net increase decrease in short term loans payable fin cf	Prior1YearDuration	10639000	JPY
Net increase decrease in short term loans payable fin cf	CurrentYearDuration	209976000	JPY
Proceeds from long term loans payable fin cf	Prior1YearDuration	100994000	JPY
Proceeds from long term loans payable fin cf	CurrentYearDuration	－	JPY
Repayment of long term loans payable fin cf	Prior1YearDuration	-404391000	JPY
Repayment of long term loans payable fin cf	CurrentYearDuration	-218150000	JPY
Proceeds from issuance of common stock fin cf	Prior1YearDuration	29998000	JPY
Proceeds from issuance of common stock fin cf	CurrentYearDuration	30237000	JPY
Proceeds from share issuance to non controlling shareholders fin cf	Prior1YearDuration	－	JPY
Proceeds from share issuance to non controlling shareholders fin cf	CurrentYearDuration	24000000	JPY
Dividends paid to non controlling interests fin cf	Prior1YearDuration	-24305000	JPY
Dividends paid to non controlling interests fin cf	CurrentYearDuration	-23619000	JPY
Other net fin cf	Prior1YearDuration	2554000	JPY
Other net fin cf	CurrentYearDuration	-2100000	JPY
Net cash provided by used in financing activities	Prior1YearDuration	-284510000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	20344000	JPY
Effect of exchange rate change on cash and cash equivalents	Prior1YearDuration	-31408000	JPY
Effect of exchange rate change on cash and cash equivalents	CurrentYearDuration	-19378000	JPY
Net increase decrease in cash and cash equivalents	Prior1YearDuration	-594161000	JPY
Net increase decrease in cash and cash equivalents	CurrentYearDuration	270078000	JPY
Cash and cash equivalents	Prior2YearInstant	1952681000	JPY
Cash and cash equivalents	Prior1YearInstant	1358519000	JPY
Cash and cash equivalents	Prior1YearInstant	1358519000	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 rounding
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass
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