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
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	19090000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	21834000	JPY
Loss on investments in partnership noe	Prior1YearDuration_NonConsolidatedMember	7352000	JPY
Loss on investments in partnership noe	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on transfer of receivables noe	Prior1YearDuration_NonConsolidatedMember	2600000	JPY
Loss on transfer of receivables noe	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on sales of securities noe	Prior1YearDuration_NonConsolidatedMember	2914000	JPY
Loss on sales of securities noe	CurrentYearDuration_NonConsolidatedMember	2689000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	1448000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	6123000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	33406000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	30646000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	37335000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	211257000	JPY
Gain on reversal of subscription rights to shares ei	Prior1YearDuration_NonConsolidatedMember	3008000	JPY
Gain on reversal of subscription rights to shares ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration_NonConsolidatedMember	1950000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Reversal of provision for loss on business of subsidiaries and affiliates ei	Prior1YearDuration_NonConsolidatedMember	42819000	JPY
Reversal of provision for loss on business of subsidiaries and affiliates ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Gain on sales of subsidiaries and affiliates stocks ei	Prior1YearDuration_NonConsolidatedMember	21700000	JPY
Gain on sales of subsidiaries and affiliates stocks ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	69479000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	－	JPY
Impairment loss el	Prior1YearDuration_NonConsolidatedMember	27888000	JPY
Impairment loss el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on valuation of investment securities el	Prior1YearDuration_NonConsolidatedMember	1784000	JPY
Loss on valuation of investment securities el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	136557000	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	2100000	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	6076000	JPY
Provision of allowance for doubtful accounts el	Prior1YearDuration_NonConsolidatedMember	155180000	JPY
Provision of allowance for doubtful accounts el	CurrentYearDuration_NonConsolidatedMember	119769000	JPY
Settlement package el	Prior1YearDuration_NonConsolidatedMember	990000	JPY
Settlement package el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Other el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Other el	CurrentYearDuration_NonConsolidatedMember	2485000	JPY
Extraordinary loss	Prior1YearDuration_NonConsolidatedMember	322401000	JPY
Extraordinary loss	CurrentYearDuration_NonConsolidatedMember	130431000	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	-215586000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	80826000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	5010000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	1517000	JPY
Income taxes deferred	Prior1YearDuration_NonConsolidatedMember	-10235000	JPY
Income taxes deferred	CurrentYearDuration_NonConsolidatedMember	-79137000	JPY
Income taxes	Prior1YearDuration_NonConsolidatedMember	-5225000	JPY
Income taxes	CurrentYearDuration_NonConsolidatedMember	-77619000	JPY
Profit loss	Prior1YearDuration_NonConsolidatedMember	-210361000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	158446000	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