Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-23
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 153
MetricValuePeriodScopeSource row
Revenue¥5.3bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥3.7bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥3.4bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥3.0bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥2.3bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥1.1bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥453m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.1bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥449m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥428m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥587m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥492m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.1bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥441m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥817m2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥354m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥386m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥442m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥383m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥717m2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥329m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥5.0bnat 2026-03-31Cons.Assets
Total assets¥3.7bnat 2025-03-31Cons.Assets
Total assets¥3.2bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥3.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥2.6bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥1.8bnat 2026-03-31Cons.Liabilities
Total liabilities¥1.2bnat 2025-03-31Cons.Liabilities
Net assets / equity¥3.2bnat 2026-03-31Cons.Net assets
Net assets / equity¥2.5bnat 2025-03-31Cons.Net assets
Net assets / equity¥2.5bnat 2024-03-31vCons.Net assets
Net assets / equity¥2.2bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥1.5bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥2.2bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥1.9bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥2.2bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥1.9bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥1.7bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥1.7bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.7bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥965m2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥356m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥179m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥35m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥606m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥553m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥252m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥294m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥91m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥168m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥158m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥150m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥25m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥153m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥237m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥124.032025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥49.82024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥107.922023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥124.762022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥110.682021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥123.762025-04-01 → 2026-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥49.662024-04-01 → 2025-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥105.822023-04-01 → 2024-03-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥121.292022-04-01 → 2023-03-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥105.052021-04-01 → 2022-03-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥426.47at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥325.91at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥596.43at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥498.4at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥373.43at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio55.5%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio59.0%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio67.1%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio59.5%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE33.2%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE16.3%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE19.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE28.7%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE34.4%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees252at 2026-03-31Cons.Number of employees
Employees230at 2025-03-31Cons.Number of employees
Employees194at 2024-03-31vCons.Number of employees
Employees166at 2023-03-31vCons.Number of employees
Employees115at 2022-03-31vCons.Number of employees
Revenue¥5.1bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥3.6bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥3.4bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥3.0bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥2.3bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥1.2bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥438m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥1.2bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥440m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥577m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥594m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥497m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.2bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥432m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥896m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥328m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥405m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥429m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥379m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥4.6bnat 2026-03-31StandaloneAssets
Total assets¥3.3bnat 2025-03-31StandaloneAssets
Total assets¥2.9bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥2.5bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥2.4bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥1.8bnat 2026-03-31StandaloneLiabilities
Total liabilities¥1.2bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥2.8bnat 2026-03-31StandaloneNet assets
Net assets / equity¥2.1bnat 2025-03-31StandaloneNet assets
Net assets / equity¥2.2bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥1.8bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.3bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥2.0bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥1.7bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥136.012025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥46.182024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥113.232023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥120.942022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥109.672021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥135.712025-04-01 → 2026-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥46.062024-04-01 → 2025-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥111.032023-04-01 → 2024-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥117.572022-04-01 → 2023-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥104.092021-04-01 → 2022-03-31vStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥434.96at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥322.28at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥596.88at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥493.5at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥372.44at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio61.1%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.7%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio75.3%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio68.9%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio54.9%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE36.2%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE15.2%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE20.6%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE28.0%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE34.1%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued6,613,200at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued3,647,600at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued3,646,400at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued3,546,800at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued3,528,800at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees238at 2026-03-31StandaloneNumber of employees
Employees223at 2025-03-31StandaloneNumber of employees
Employees191at 2024-03-31vStandaloneNumber of employees
Employees166at 2023-03-31vStandaloneNumber of employees
Employees115at 2022-03-31vStandaloneNumber 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 · 37
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥3.4bn
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31−¥1.0bn
Human Capitalreportable segmentemployeesat 2026-03-31176 pure
Human Capitalreportable segmentrevenue2025-04-01 → 2026-03-31¥4.5bn
Human Capitalreportable segmentrevenue external2025-04-01 → 2026-03-31¥4.5bn
Human Capitalreportable segmentsegment assetsat 2026-03-31¥592m
Human Capitalreportable segmentsegment profit2025-04-01 → 2026-03-31¥2.0bn
Open Innovationreportable segmentemployeesat 2026-03-3137 pure
Open Innovationreportable segmentrevenue2025-04-01 → 2026-03-31¥793m
Open Innovationreportable segmentrevenue external2025-04-01 → 2026-03-31¥793m
Open Innovationreportable segmentsegment assetsat 2026-03-31¥391m
Open Innovationreportable segmentsegment profit2025-04-01 → 2026-03-31¥238m
Venture Capitalreportable segmentemployeesat 2026-03-310 pure
Venture Capitalreportable segmentsegment assetsat 2026-03-31¥615m
Venture Capitalreportable segmentsegment profit2025-04-01 → 2026-03-31−¥101m
—segment totalrevenue2025-04-01 → 2026-03-31¥5.3bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥5.3bn
—segment totalsegment assetsat 2026-03-31¥1.6bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥2.2bn
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥2.6bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥942m
Human Capitalreportable segmentrevenue2024-04-01 → 2025-03-31¥3.1bn
Human Capitalreportable segmentrevenue external2024-04-01 → 2025-03-31¥3.1bn
Human Capitalreportable segmentsegment assetsat 2025-03-31¥334m
Human Capitalreportable segmentsegment profit2024-04-01 → 2025-03-31¥1.3bn
Open Innovationreportable segmentrevenue2024-04-01 → 2025-03-31¥571m
Open Innovationreportable segmentrevenue external2024-04-01 → 2025-03-31¥571m
Open Innovationreportable segmentsegment assetsat 2025-03-31¥221m
Open Innovationreportable segmentsegment profit2024-04-01 → 2025-03-31¥94m
Venture Capitalreportable segmentsegment assetsat 2025-03-31¥534m
Venture Capitalreportable segmentsegment profit2024-04-01 → 2025-03-31−¥8m
—segment totalrevenue2024-04-01 → 2025-03-31¥3.7bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥3.7bn
—segment totalsegment assetsat 2025-03-31¥1.1bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥1.4bn
Human Capitalreportable segmentemployeesat 2026-03-31162 pure
Open Innovationreportable segmentemployeesat 2026-03-3137 pure

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

All source rows · 1,369
ItemContextValueUnit
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember19
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember36
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember23
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember2
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember1239
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember1322
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember1222
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember5137
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember18275
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember3625
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember34
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember37800
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember66093
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember3900
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0185
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0777
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.2765
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.0549
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0005
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.572
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember634600
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.0983
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember500000
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0774
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember351900
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0545
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember326200
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0505
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember198000
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0306
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember158500
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0245
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember149800
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0232
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember146000
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0226
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember142214
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0220
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember132400
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0205
Number of shares heldCurrentYearInstant2739614
Shareholding ratioCurrentYearInstant0.4245
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesTreasurySharesSharesWithFullVotingRightsTreasurySharesEtcMember160400
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember64489

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 2025-03-31pass rounding
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass