Annual report

Period2024-11-01 → 2025-10-31
Filed2026-01-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥7.1bn2024-11-01 → 2025-10-31Cons.Net sales
Revenue¥6.6bn2023-11-01 → 2024-10-31Cons.Net sales
Revenue¥6.0bn2022-11-01 → 2023-10-31vCons.Net sales (5-year summary)
Revenue¥5.5bn2021-11-01 → 2022-10-31vCons.Net sales (5-year summary)
Revenue¥5.1bn2020-11-01 → 2021-10-31dCons.Net sales (5-year summary)
Operating income¥753m2024-11-01 → 2025-10-31Cons.Operating income
Operating income¥505m2023-11-01 → 2024-10-31Cons.Operating income
Ordinary income¥754m2024-11-01 → 2025-10-31Cons.Ordinary income
Ordinary income¥511m2023-11-01 → 2024-10-31Cons.Ordinary income
Ordinary income¥447m2022-11-01 → 2023-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥370m2021-11-01 → 2022-10-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥325m2020-11-01 → 2021-10-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥754m2024-11-01 → 2025-10-31Cons.Income before income taxes
Profit before tax¥511m2023-11-01 → 2024-10-31Cons.Income before income taxes
Net income (owners)¥508m2024-11-01 → 2025-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥339m2023-11-01 → 2024-10-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥290m2022-11-01 → 2023-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥240m2021-11-01 → 2022-10-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥205m2020-11-01 → 2021-10-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥520m2024-11-01 → 2025-10-31Cons.Profit loss
Net income¥347m2023-11-01 → 2024-10-31Cons.Profit loss
Total assets¥4.9bnat 2025-10-31Cons.Assets
Total assets¥4.1bnat 2024-10-31Cons.Assets
Total assets¥3.8bnat 2023-10-31vCons.Total assets (5-year summary)
Total assets¥3.6bnat 2022-10-31vCons.Total assets (5-year summary)
Total assets¥3.5bnat 2021-10-31dCons.Total assets (5-year summary)
Total liabilities¥2.6bnat 2025-10-31Cons.Liabilities
Total liabilities¥2.2bnat 2024-10-31Cons.Liabilities
Net assets / equity¥2.3bnat 2025-10-31Cons.Net assets
Net assets / equity¥1.9bnat 2024-10-31Cons.Net assets
Net assets / equity¥1.6bnat 2023-10-31vCons.Net assets
Net assets / equity¥1.4bnat 2022-10-31vCons.Net assets (5-year summary)
Net assets / equity¥1.3bnat 2021-10-31dCons.Net assets (5-year summary)
Cash and deposits¥2.3bnat 2025-10-31Cons.Cash and deposits
Cash and deposits¥1.5bnat 2024-10-31Cons.Cash and deposits
Cash & equivalents¥2.3bnat 2025-10-31Cons.Cash and cash equivalents
Cash & equivalents¥1.5bnat 2024-10-31Cons.Cash and cash equivalents
Cash & equivalents¥1.3bnat 2023-10-31vCons.Cash and cash equivalents
Cash & equivalents¥1.0bnat 2022-10-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥863mat 2021-10-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥978m2024-11-01 → 2025-10-31Cons.Net cash provided by used in operating activities
Operating cash flow¥479m2023-11-01 → 2024-10-31Cons.Net cash provided by used in operating activities
Operating cash flow¥450m2022-11-01 → 2023-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥455m2021-11-01 → 2022-10-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥425m2020-11-01 → 2021-10-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥45m2024-11-01 → 2025-10-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥62m2023-11-01 → 2024-10-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥42m2022-11-01 → 2023-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3m2021-11-01 → 2022-10-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥1m2020-11-01 → 2021-10-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥126m2024-11-01 → 2025-10-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥210m2023-11-01 → 2024-10-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥196m2022-11-01 → 2023-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥271m2021-11-01 → 2022-10-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥203m2020-11-01 → 2021-10-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥384.392024-11-01 → 2025-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥256.542023-11-01 → 2024-10-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥219.552022-11-01 → 2023-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥175.422021-11-01 → 2022-10-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥147.582020-11-01 → 2021-10-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥1,756.7at 2025-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,434.53at 2024-10-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,238.11at 2023-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,053.04at 2022-10-31vCons.Net assets per share (5-year summary)
Net assets per share¥902.79at 2021-10-31dCons.Net assets per share (5-year summary)
Equity ratio47.3%at 2025-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio46.1%at 2024-10-31Cons.Equity to asset ratio (5-year summary)
Equity ratio43.4%at 2023-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio38.3%at 2022-10-31vCons.Equity to asset ratio (5-year summary)
Equity ratio36.2%at 2021-10-31dCons.Equity to asset ratio (5-year summary)
ROE24.1%2024-11-01 → 2025-10-31Cons.Rate of return on equity (5-year summary)
ROE19.2%2023-11-01 → 2024-10-31Cons.Rate of return on equity (5-year summary)
ROE19.2%2022-11-01 → 2023-10-31vCons.Rate of return on equity (5-year summary)
ROE18.1%2021-11-01 → 2022-10-31vCons.Rate of return on equity (5-year summary)
ROE17.8%2020-11-01 → 2021-10-31dCons.Rate of return on equity (5-year summary)
Employees112at 2025-10-31Cons.Number of employees
Employees111at 2024-10-31Cons.Number of employees
Employees109at 2023-10-31vCons.Number of employees
Employees103at 2022-10-31vCons.Number of employees
Employees99at 2021-10-31dCons.Number of employees
Revenue¥6.1bn2024-11-01 → 2025-10-31StandaloneNet sales
Revenue¥5.6bn2023-11-01 → 2024-10-31StandaloneNet sales
Revenue¥5.0bn2022-11-01 → 2023-10-31vStandaloneNet sales (5-year summary)
Revenue¥4.6bn2021-11-01 → 2022-10-31vStandaloneNet sales (5-year summary)
Revenue¥4.3bn2020-11-01 → 2021-10-31dStandaloneNet sales (5-year summary)
Operating income¥586m2024-11-01 → 2025-10-31StandaloneOperating income
Operating income¥385m2023-11-01 → 2024-10-31StandaloneOperating income
Ordinary income¥612m2024-11-01 → 2025-10-31StandaloneOrdinary income
Ordinary income¥409m2023-11-01 → 2024-10-31StandaloneOrdinary income
Ordinary income¥376m2022-11-01 → 2023-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥297m2021-11-01 → 2022-10-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥276m2020-11-01 → 2021-10-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥612m2024-11-01 → 2025-10-31StandaloneIncome before income taxes
Profit before tax¥409m2023-11-01 → 2024-10-31StandaloneIncome before income taxes
Net income¥436m2024-11-01 → 2025-10-31StandaloneProfit loss
Net income¥282m2023-11-01 → 2024-10-31StandaloneProfit loss
Net income¥261m2022-11-01 → 2023-10-31vStandaloneNet income loss (5-year summary)
Net income¥206m2021-11-01 → 2022-10-31vStandaloneNet income loss (5-year summary)
Net income¥186m2020-11-01 → 2021-10-31dStandaloneNet income loss (5-year summary)
Total assets¥4.6bnat 2025-10-31StandaloneAssets
Total assets¥3.8bnat 2024-10-31StandaloneAssets
Total assets¥3.6bnat 2023-10-31vStandaloneTotal assets (5-year summary)
Total assets¥3.4bnat 2022-10-31vStandaloneTotal assets (5-year summary)
Total assets¥3.3bnat 2021-10-31dStandaloneTotal assets (5-year summary)
Total liabilities¥2.3bnat 2025-10-31StandaloneLiabilities
Total liabilities¥1.9bnat 2024-10-31StandaloneLiabilities
Net assets / equity¥2.3bnat 2025-10-31StandaloneNet assets
Net assets / equity¥1.9bnat 2024-10-31StandaloneNet assets
Net assets / equity¥1.7bnat 2023-10-31vStandaloneNet assets
Net assets / equity¥1.5bnat 2022-10-31vStandaloneNet assets (5-year summary)
Net assets / equity¥1.4bnat 2021-10-31dStandaloneNet assets (5-year summary)
Cash and deposits¥1.8bnat 2025-10-31StandaloneCash and deposits
Cash and deposits¥1.0bnat 2024-10-31StandaloneCash and deposits
EPS (basic)¥329.932024-11-01 → 2025-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥213.492023-11-01 → 2024-10-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥197.662022-11-01 → 2023-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥150.852021-11-01 → 2022-10-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥133.992020-11-01 → 2021-10-31dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥892024-11-01 → 2025-10-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥592023-11-01 → 2024-10-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥522022-11-01 → 2023-10-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥422021-11-01 → 2022-10-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥292020-11-01 → 2021-10-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,702.47at 2025-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,434.76at 2024-10-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,281.39at 2023-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,118.21at 2022-10-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥988.86at 2021-10-31dStandaloneNet assets per share (5-year summary)
Equity ratio49.4%at 2025-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio49.4%at 2024-10-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio47.1%at 2023-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio43.0%at 2022-10-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio41.8%at 2021-10-31dStandaloneEquity to asset ratio (5-year summary)
ROE21.0%2024-11-01 → 2025-10-31StandaloneRate of return on equity (5-year summary)
ROE15.7%2023-11-01 → 2024-10-31StandaloneRate of return on equity (5-year summary)
ROE16.5%2022-11-01 → 2023-10-31vStandaloneRate of return on equity (5-year summary)
ROE14.5%2021-11-01 → 2022-10-31vStandaloneRate of return on equity (5-year summary)
ROE14.5%2020-11-01 → 2021-10-31dStandaloneRate of return on equity (5-year summary)
Shares issued1,391,575at 2025-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,391,575at 2024-10-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,391,575at 2023-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,391,575at 2022-10-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,546,250at 2021-10-31dStandaloneTotal number of issued shares (5-year summary)
Employees85at 2025-10-31StandaloneNumber of employees
Employees83at 2024-10-31StandaloneNumber of employees
Employees82at 2023-10-31vStandaloneNumber of employees
Employees79at 2022-10-31vStandaloneNumber of employees
Employees76at 2021-10-31dStandaloneNumber 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 · 48
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2024-11-01 → 2025-10-31−¥2m
Reconciling Itemsreconcilingrevenue intersegment2024-11-01 → 2025-10-31−¥2m
Logistics Packaging Businessreportable segmentcapex2024-11-01 → 2025-10-31¥12m
Logistics Packaging Businessreportable segmentdepreciation2024-11-01 → 2025-10-31¥15m
Logistics Packaging Businessreportable segmentemployeesat 2025-10-3117 pure
Logistics Packaging Businessreportable segmentrevenue2024-11-01 → 2025-10-31¥918m
Logistics Packaging Businessreportable segmentrevenue external2024-11-01 → 2025-10-31¥916m
Logistics Packaging Businessreportable segmentrevenue intersegment2024-11-01 → 2025-10-31¥2m
Logistics Packaging Businessreportable segmentsegment assetsat 2025-10-31¥687m
Logistics Packaging Businessreportable segmentsegment profit2024-11-01 → 2025-10-31¥74m
Packaging Related Businessreportable segmentcapex2024-11-01 → 2025-10-31¥43m
Packaging Related Businessreportable segmentdepreciation2024-11-01 → 2025-10-31¥29m
Packaging Related Businessreportable segmentemployeesat 2025-10-3181 pure
Packaging Related Businessreportable segmentrevenue2024-11-01 → 2025-10-31¥6.2bn
Packaging Related Businessreportable segmentrevenue external2024-11-01 → 2025-10-31¥6.2bn
Packaging Related Businessreportable segmentsegment assetsat 2025-10-31¥4.2bn
Packaging Related Businessreportable segmentsegment profit2024-11-01 → 2025-10-31¥680m
—segment totalcapex2024-11-01 → 2025-10-31¥54m
—segment totaldepreciation2024-11-01 → 2025-10-31¥44m
—segment totalrevenue2024-11-01 → 2025-10-31¥7.1bn
—segment totalrevenue external2024-11-01 → 2025-10-31¥7.1bn
—segment totalrevenue intersegment2024-11-01 → 2025-10-31¥2m
—segment totalsegment assetsat 2025-10-31¥4.9bn
—segment totalsegment profit2024-11-01 → 2025-10-31¥753m
Reconciling Itemsreconcilingrevenue2023-11-01 → 2024-10-31−¥2m
Reconciling Itemsreconcilingrevenue intersegment2023-11-01 → 2024-10-31−¥2m
Logistics Packaging Businessreportable segmentcapex2023-11-01 → 2024-10-31¥48m
Logistics Packaging Businessreportable segmentdepreciation2023-11-01 → 2024-10-31¥14m
Logistics Packaging Businessreportable segmentrevenue2023-11-01 → 2024-10-31¥952m
Logistics Packaging Businessreportable segmentrevenue external2023-11-01 → 2024-10-31¥951m
Logistics Packaging Businessreportable segmentrevenue intersegment2023-11-01 → 2024-10-31¥2m
Logistics Packaging Businessreportable segmentsegment assetsat 2024-10-31¥625m
Logistics Packaging Businessreportable segmentsegment profit2023-11-01 → 2024-10-31¥31m
Packaging Related Businessreportable segmentcapex2023-11-01 → 2024-10-31¥23m
Packaging Related Businessreportable segmentdepreciation2023-11-01 → 2024-10-31¥27m
Packaging Related Businessreportable segmentrevenue2023-11-01 → 2024-10-31¥5.7bn
Packaging Related Businessreportable segmentrevenue external2023-11-01 → 2024-10-31¥5.7bn
Packaging Related Businessreportable segmentrevenue intersegment2023-11-01 → 2024-10-31¥380,000
Packaging Related Businessreportable segmentsegment assetsat 2024-10-31¥3.5bn
Packaging Related Businessreportable segmentsegment profit2023-11-01 → 2024-10-31¥474m
—segment totalcapex2023-11-01 → 2024-10-31¥71m
—segment totaldepreciation2023-11-01 → 2024-10-31¥41m
—segment totalrevenue2023-11-01 → 2024-10-31¥6.6bn
—segment totalrevenue external2023-11-01 → 2024-10-31¥6.6bn
—segment totalrevenue intersegment2023-11-01 → 2024-10-31¥2m
—segment totalsegment assetsat 2024-10-31¥4.1bn
—segment totalsegment profit2023-11-01 → 2024-10-31¥505m
Packaging Related Businessreportable segmentemployeesat 2025-10-3171 pure

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

All source rows · 1,392
ItemContextValueUnit
Net assets (5-year summary)Prior1YearInstant1912491000JPY
Net assets (5-year summary)CurrentYearInstant2349925000JPY
Total assets (5-year summary)Prior4YearInstant3468606000JPY
Total assets (5-year summary)Prior3YearInstant3633551000JPY
Total assets (5-year summary)Prior2YearInstant3775051000JPY
Total assets (5-year summary)Prior1YearInstant4113961000JPY
Total assets (5-year summary)CurrentYearInstant4910612000JPY
Net assets per share (5-year summary)Prior4YearInstant902.79
Net assets per share (5-year summary)Prior3YearInstant1053.04
Net assets per share (5-year summary)Prior2YearInstant1238.11
Net assets per share (5-year summary)Prior1YearInstant1434.53
Net assets per share (5-year summary)CurrentYearInstant1756.70
Basic earnings loss per share (5-year summary)Prior4YearDuration147.58
Basic earnings loss per share (5-year summary)Prior3YearDuration175.42
Basic earnings loss per share (5-year summary)Prior2YearDuration219.55
Basic earnings loss per share (5-year summary)Prior1YearDuration256.54
Basic earnings loss per share (5-year summary)CurrentYearDuration384.39
Diluted earnings per share (5-year summary)Prior4YearDuration-
Diluted earnings per share (5-year summary)Prior3YearDuration-
Diluted earnings per share (5-year summary)Prior2YearDuration-
Diluted earnings per share (5-year summary)Prior1YearDuration-
Diluted earnings per share (5-year summary)CurrentYearDuration-
Equity to asset ratio (5-year summary)Prior4YearInstant0.362
Equity to asset ratio (5-year summary)Prior3YearInstant0.383
Equity to asset ratio (5-year summary)Prior2YearInstant0.434
Equity to asset ratio (5-year summary)Prior1YearInstant0.461
Equity to asset ratio (5-year summary)CurrentYearInstant0.473
Rate of return on equity (5-year summary)Prior4YearDuration0.178
Rate of return on equity (5-year summary)Prior3YearDuration0.181
Rate of return on equity (5-year summary)Prior2YearDuration0.192
Rate of return on equity (5-year summary)Prior1YearDuration0.192
Rate of return on equity (5-year summary)CurrentYearDuration0.241
Price earnings ratio (5-year summary)Prior4YearDuration-
Price earnings ratio (5-year summary)Prior3YearDuration5.96
Price earnings ratio (5-year summary)Prior2YearDuration7.53
Price earnings ratio (5-year summary)Prior1YearDuration6.63
Price earnings ratio (5-year summary)CurrentYearDuration7.25
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration424673000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration454578000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration450436000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration479133000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration977735000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration1200000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration-2786000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration-42294000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-62198000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration-45427000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration-203105000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration-271480000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration-196075000JPY

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 2024-10-31pass
balance sheet identityconsolidated 2025-10-31pass
balance sheet identitynon_consolidated 2024-10-31pass rounding
balance sheet identitynon_consolidated 2025-10-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-10-31pass
statement vs summary · net assetsconsolidated 2024-10-31pass
statement vs summary · net assetsconsolidated 2025-10-31pass
statement vs summary · net assetsnon_consolidated 2023-10-31pass
statement vs summary · net assetsnon_consolidated 2024-10-31pass
statement vs summary · net assetsnon_consolidated 2025-10-31pass
statement vs summary · net income attributable to parentconsolidated 2023-11-01/2024-10-31pass
statement vs summary · net income attributable to parentconsolidated 2024-11-01/2025-10-31pass
statement vs summary · operating cash flowconsolidated 2023-11-01/2024-10-31pass
statement vs summary · operating cash flowconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenueconsolidated 2023-11-01/2024-10-31pass
statement vs summary · revenueconsolidated 2024-11-01/2025-10-31pass
statement vs summary · revenuenon_consolidated 2023-11-01/2024-10-31pass
statement vs summary · revenuenon_consolidated 2024-11-01/2025-10-31pass
statement vs summary · total assetsconsolidated 2024-10-31pass
statement vs summary · total assetsconsolidated 2025-10-31pass
statement vs summary · total assetsnon_consolidated 2024-10-31pass
statement vs summary · total assetsnon_consolidated 2025-10-31pass