Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-19
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 149
MetricValuePeriodScopeSource row
Revenue¥4.8bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥3.8bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥3.4bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥2.9bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥2.1bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥1.1bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥874m2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥1.1bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥872m2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥869m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥634m2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥35m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.1bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥872m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥784m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥595m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥608m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥412m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥79m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥784m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥595m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥3.9bnat 2025-12-31Cons.Assets
Total assets¥2.7bnat 2024-12-31Cons.Assets
Total assets¥2.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥2.1bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥1.5bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥1.5bnat 2025-12-31Cons.Liabilities
Total liabilities¥944mat 2024-12-31Cons.Liabilities
Net assets / equity¥2.4bnat 2025-12-31Cons.Net assets
Net assets / equity¥1.8bnat 2024-12-31Cons.Net assets
Net assets / equity¥1.4bnat 2023-12-31vCons.Net assets
Net assets / equity¥781mat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥368mat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥1.8bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥1.7bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥1.8bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.7bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥966mat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥864m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥619m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥449m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥610m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥54m2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥579m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥50m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥68m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥7m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥68m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥211m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥323m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥371m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥120m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥18m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥107.282025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥81.212024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥83.732023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥57.222022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-11.12021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥105.542025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥79.162024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥80.322023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥54.492022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥331.5at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥241.89at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥188.74at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥107.94at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥51.27at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio62.6%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio65.1%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio60.1%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio36.7%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio23.9%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE37.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE37.8%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE56.1%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE71.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE-19.4%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees335at 2025-12-31Cons.Number of employees
Employees297at 2024-12-31Cons.Number of employees
Employees272at 2023-12-31vCons.Number of employees
Employees242at 2022-12-31vCons.Number of employees
Employees266at 2021-12-31dCons.Number of employees
Revenue¥4.4bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥3.8bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥3.4bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥2.9bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥2.1bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥1.1bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥882m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥880m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥870m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥635m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥36m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.1bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥880m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥827m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥604m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥610m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥413m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥79m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥3.5bnat 2025-12-31StandaloneAssets
Total assets¥2.7bnat 2024-12-31StandaloneAssets
Total assets¥2.3bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.1bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.5bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥1.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥942mat 2024-12-31StandaloneLiabilities
Net assets / equity¥2.5bnat 2025-12-31StandaloneNet assets
Net assets / equity¥1.8bnat 2024-12-31StandaloneNet assets
Net assets / equity¥1.4bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥779mat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥366mat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.6bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.7bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥113.222025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥82.372024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥83.952023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥57.362022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-11.152021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥111.382025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥80.292024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥80.532023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥54.622022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥212025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥162024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥332023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥338.59at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥243.07at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥188.75at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥107.72at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥50.92at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio70.1%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio65.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio60.2%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio36.7%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio23.8%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE38.9%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE38.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE56.2%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE72.2%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE-19.6%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Employees324at 2025-12-31StandaloneNumber of employees
Employees296at 2024-12-31StandaloneNumber of employees
Employees270at 2023-12-31vStandaloneNumber of employees
Employees241at 2022-12-31vStandaloneNumber of employees
Employees265at 2021-12-31dStandaloneNumber 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 · 27
SegmentItemPeriodValue
Sporting Equipment Planning And Sales Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥642,000
Sporting Equipment Planning And Sales Businessreportable segmentemployeesat 2025-12-3110 pure
Sporting Equipment Planning And Sales Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥354m
Sporting Equipment Planning And Sales Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥354m
Sporting Equipment Planning And Sales Businessreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥285,000
Sporting Equipment Planning And Sales Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥35m
Sports Human Capital Recruitment Support Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥36m
Sports Human Capital Recruitment Support Businessreportable segmentemployeesat 2025-12-31275 pure
Sports Human Capital Recruitment Support Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥4.4bn
Sports Human Capital Recruitment Support Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥4.4bn
Sports Human Capital Recruitment Support Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥1.1bn
—segment totaldepreciation2025-01-01 → 2025-12-31¥37m
—segment totalrevenue2025-01-01 → 2025-12-31¥4.8bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥4.8bn
—segment totalrevenue intersegment2025-01-01 → 2025-12-31¥285,000
—segment totalsegment profit2025-01-01 → 2025-12-31¥1.1bn
Total Of Reportable Segments And Otherssegment totalrevenue2025-01-01 → 2025-12-31−¥285,000
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2025-01-01 → 2025-12-31−¥285,000
Total Of Reportable Segments And Otherssegment totalsegment profit2025-01-01 → 2025-12-31¥7,000
Sports Human Capital Recruitment Support Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥32m
Sports Human Capital Recruitment Support Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥3.8bn
Sports Human Capital Recruitment Support Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥3.8bn
Sports Human Capital Recruitment Support Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥874m
—segment totaldepreciation2024-01-01 → 2024-12-31¥32m
—segment totalrevenue2024-01-01 → 2024-12-31¥3.8bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥3.8bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥874m

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

All source rows · 1,191
ItemContextValueUnit
Tools furniture and fixturesPrior1YearInstant89236000JPY
Tools furniture and fixturesCurrentYearInstant135306000JPY
Accumulated depreciation ppe by groupPrior1YearInstant-122009000JPY
Accumulated depreciation ppe by groupCurrentYearInstant-171822000JPY
Property plant and equipmentPrior1YearInstant217500000JPY
Property plant and equipmentCurrentYearInstant229706000JPY
SoftwarePrior1YearInstant100000JPY
SoftwareCurrentYearInstant-JPY
GoodwillPrior1YearInstant-JPY
GoodwillCurrentYearInstant212567000JPY
Intangible assetsPrior1YearInstant100000JPY
Intangible assetsCurrentYearInstant212567000JPY
Lease deposits ioaPrior1YearInstant198897000JPY
Lease deposits ioaCurrentYearInstant203291000JPY
Deferred tax assetsPrior1YearInstant32277000JPY
Deferred tax assetsCurrentYearInstant118865000JPY
Other ioaPrior1YearInstant688000JPY
Other ioaCurrentYearInstant11472000JPY
Investments and other assetsPrior1YearInstant231862000JPY
Investments and other assetsCurrentYearInstant333629000JPY
Noncurrent assetsPrior1YearInstant449463000JPY
Noncurrent assetsCurrentYearInstant775904000JPY
AssetsPrior1YearInstant2707672000JPY
AssetsCurrentYearInstant3885943000JPY
Accounts payable tradePrior1YearInstant24793000JPY
Accounts payable tradeCurrentYearInstant39383000JPY
Current portion of long term loans payablePrior1YearInstant91702000JPY
Current portion of long term loans payableCurrentYearInstant115082000JPY
Accounts payable otherPrior1YearInstant102232000JPY
Accounts payable otherCurrentYearInstant90686000JPY
Accrued expensesPrior1YearInstant143775000JPY
Accrued expensesCurrentYearInstant174272000JPY
Refund liabilities clPrior1YearInstant43986000JPY
Refund liabilities clCurrentYearInstant90677000JPY
Income taxes payablePrior1YearInstant133214000JPY
Income taxes payableCurrentYearInstant242281000JPY
Accrued consumption taxesPrior1YearInstant70753000JPY
Accrued consumption taxesCurrentYearInstant105159000JPY
Provision for bonusesPrior1YearInstant55748000JPY
Provision for bonusesCurrentYearInstant69653000JPY
Other clPrior1YearInstant96694000JPY
Other clCurrentYearInstant114866000JPY
Current liabilitiesPrior1YearInstant762900000JPY
Current liabilitiesCurrentYearInstant1042065000JPY
Long term loans payablePrior1YearInstant67398000JPY
Long term loans payableCurrentYearInstant253806000JPY
Asset retirement obligations nclPrior1YearInstant110108000JPY
Asset retirement obligations nclCurrentYearInstant117634000JPY
Other nclPrior1YearInstant3664000JPY
Other nclCurrentYearInstant41769000JPY

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 2024-12-31pass rounding
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass