Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 141

Metric	Value	Period	Scope	Source row
Revenue	¥3.7bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥3.6bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥3.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥3.4bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥3.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥2m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	−¥132m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥18m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	−¥118m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	−¥172m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥108m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥71m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥18m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	−¥118m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥2m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥115m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥193m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥77m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥49m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥2m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	−¥115m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥1.3bn	at 2025-12-31	Cons.	Assets
Total assets	¥1.3bn	at 2024-12-31	Cons.	Assets
Total assets	¥1.2bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥1.5bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥1.2bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥772m	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥988m	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥543m	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥352m	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥440m	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥727m	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥645m	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥546m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥579m	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥546m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥579m	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥557m	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥849m	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥634m	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥13m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥186m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥250m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥94m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥113m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥26m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥16m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥15m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥15m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥56m	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	¥225m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥28m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥136m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥72m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-1.01	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-66.69	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-110.47	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥42.89	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.3	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥41.87	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥26.24	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥255.17	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥197.47	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥253.97	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥404.19	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥359.23	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	40.8%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	25.8%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	37.1%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	49.8%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	55.4%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	11.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	7.9%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	439	at 2025-12-31	Cons.	Number of employees
Employees	411	at 2024-12-31	Cons.	Number of employees
Employees	417	at 2023-12-31^v	Cons.	Number of employees
Employees	426	at 2022-12-31^v	Cons.	Number of employees
Employees	359	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥3.1bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥3.0bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥2.9bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥3.0bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.8bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥35m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	−¥161m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥14m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	−¥142m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	−¥147m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥72m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥56m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥14m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	−¥163m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥22m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥147m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	−¥228m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥49m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥38m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.1bn	at 2025-12-31	Standalone	Assets
Total assets	¥1.1bn	at 2024-12-31	Standalone	Assets
Total assets	¥977m	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.3bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.1bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥713m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥894m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥402m	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥232m	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥351m	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥676m	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥625m	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥428m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥460m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-11.47	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-84.86	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-130.56	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥27.31	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥21	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥26.67	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥20.19	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥188.25	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥128.61	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥202.45	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥376.3	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥348.11	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	35.5%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	20.0%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	35.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	51.6%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	58.1%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	7.5%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	6.2%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	2,142,470	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,818,360	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,802,160	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,796,160	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,796,160	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	299	at 2025-12-31	Standalone	Number of employees
Employees	268	at 2024-12-31	Standalone	Number of employees
Employees	280	at 2023-12-31^v	Standalone	Number of employees
Employees	246	at 2022-12-31^v	Standalone	Number of employees
Employees	221	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 · 1,311

Item	Context	Value	Unit
Net changes of items other than shareholders equity	Prior1YearDuration_SubscriptionRightsToSharesMember	3045000	JPY
Total changes of items during the period	Prior1YearDuration_ShareholdersEquityMember	-91372000	JPY
Total changes of items during the period	Prior1YearDuration_ForeignCurrencyTranslationAdjustmentMember	670000	JPY
Total changes of items during the period	Prior1YearDuration_ValuationAndTranslationAdjustmentsMember	670000	JPY
Total changes of items during the period	Prior1YearDuration_SubscriptionRightsToSharesMember	3045000	JPY
Net assets	Prior1YearInstant_ShareholdersEquityMember	340817000	JPY
Net assets	Prior1YearInstant_ForeignCurrencyTranslationAdjustmentMember	4902000	JPY
Net assets	Prior1YearInstant_ValuationAndTranslationAdjustmentsMember	4902000	JPY
Net assets	Prior1YearInstant_SubscriptionRightsToSharesMember	6338000	JPY
Net assets	Prior2YearInstant	439715000	JPY
Profit loss attributable to owners of parent	Prior1YearDuration	-115330000	JPY
Issuance of new shares	Prior1YearDuration	10027000	JPY
Disposal of treasury stock	Prior1YearDuration	13999000	JPY
Change of scope of consolidation	Prior1YearDuration	-69000	JPY
Net changes of items other than shareholders equity	Prior1YearDuration	3715000	JPY
Total changes of items during the period	Prior1YearDuration	-87656000	JPY
Net assets	Prior1YearInstant	352058000	JPY
Net assets	Prior1YearInstant_CapitalStockMember	59240000	JPY
Net assets	Prior1YearInstant_CapitalSurplusMember	454976000	JPY
Net assets	Prior1YearInstant_RetainedEarningsMember	-87136000	JPY
Net assets	Prior1YearInstant_TreasuryStockMember	-86262000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration_RetainedEarningsMember	-1900000	JPY
Conversion of bonds with stock acquisition rights ss	CurrentYearDuration_CapitalStockMember	50000000	JPY
Conversion of bonds with stock acquisition rights ss	CurrentYearDuration_CapitalSurplusMember	50000000	JPY
Disposal of treasury stock	CurrentYearDuration_TreasuryStockMember	14499000	JPY
Exercise of subscription rights to shares	CurrentYearDuration_CapitalStockMember	39316000	JPY
Exercise of subscription rights to shares	CurrentYearDuration_CapitalSurplusMember	39316000	JPY
Capital reduction	CurrentYearDuration_CapitalStockMember	-49240000	JPY
Capital reduction	CurrentYearDuration_CapitalSurplusMember	49240000	JPY
Deficit disposition	CurrentYearDuration_CapitalSurplusMember	-202787000	JPY
Deficit disposition	CurrentYearDuration_RetainedEarningsMember	202787000	JPY
Total changes of items during the period	CurrentYearDuration_CapitalStockMember	40075000	JPY
Total changes of items during the period	CurrentYearDuration_CapitalSurplusMember	-64230000	JPY
Total changes of items during the period	CurrentYearDuration_RetainedEarningsMember	200887000	JPY
Total changes of items during the period	CurrentYearDuration_TreasuryStockMember	14499000	JPY
Net assets	CurrentYearInstant_CapitalStockMember	99316000	JPY
Net assets	CurrentYearInstant_CapitalSurplusMember	390745000	JPY
Net assets	CurrentYearInstant_RetainedEarningsMember	113750000	JPY
Net assets	CurrentYearInstant_TreasuryStockMember	-71763000	JPY
Net assets	Prior1YearInstant_ShareholdersEquityMember	340817000	JPY
Net assets	Prior1YearInstant_ForeignCurrencyTranslationAdjustmentMember	4902000	JPY
Net assets	Prior1YearInstant_ValuationAndTranslationAdjustmentsMember	4902000	JPY
Net assets	Prior1YearInstant_SubscriptionRightsToSharesMember	6338000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration_ShareholdersEquityMember	-1900000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	－	JPY
Conversion of bonds with stock acquisition rights ss	CurrentYearDuration_ShareholdersEquityMember	100000000	JPY
Conversion of bonds with stock acquisition rights ss	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	－	JPY
Disposal of treasury stock	CurrentYearDuration_ShareholdersEquityMember	14499000	JPY
Disposal of treasury stock	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	－	JPY
Exercise of subscription rights to shares	CurrentYearDuration_ShareholdersEquityMember	78633000	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 rounding
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 rounding
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