Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 154

Metric	Value	Period	Scope	Source row
Revenue	¥7.2bn	2025-01-01 → 2025-12-31	Cons.	Operating revenue1
Revenue	¥5.6bn	2024-01-01 → 2024-12-31	Cons.	Operating revenue1
Revenue	¥5.8bn	2023-01-01 → 2023-12-31^v	Cons.	Operating revenue1 (5-year summary)
Revenue	¥4.6bn	2022-01-01 → 2022-12-31^v	Cons.	Operating revenue1 (5-year summary)
Revenue	¥4.2bn	2021-01-01 → 2021-12-31^d	Cons.	Operating revenue1 (5-year summary)
Operating income	¥2.5bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥975m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥1.2bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥1.5bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.2bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.8bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.6bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥1.2bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥1.7bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥506m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.1bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.6bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.8bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥605m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥23.5bn	at 2025-12-31	Cons.	Assets
Total assets	¥21.1bn	at 2024-12-31	Cons.	Assets
Total assets	¥19.7bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥20.0bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥18.0bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥2.2bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥19.2bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥18.9bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥18.2bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥17.5bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥15.8bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥5.2bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥3.4bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥5.2bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.4bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.0bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.9bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥4.6bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥2.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥656m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥349m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥179m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥588m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥10m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥498m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥583m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥228m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥185m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥416m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.7bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥797m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥87.07	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.15	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥53.99	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥76.48	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥77.12	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥26.12	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥53.85	2023-01-01 → 2023-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥76.3	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥76.74	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥929.52	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥904.87	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥883.56	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥829.16	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥733.92	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	76.6%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.2%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	87.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.9%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	9.5%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	2.9%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	6.3%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	9.8%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	9.7%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	119	at 2025-12-31	Cons.	Number of employees
Employees	119	at 2024-12-31	Cons.	Number of employees
Employees	115	at 2023-12-31^v	Cons.	Number of employees
Employees	98	at 2022-12-31^v	Cons.	Number of employees
Employees	78	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥3.3bn	2025-01-01 → 2025-12-31	Standalone	Operating revenue1
Revenue	¥1.0bn	2024-01-01 → 2024-12-31	Standalone	Operating revenue1
Revenue	¥3.0bn	2023-01-01 → 2023-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥1.5bn	2022-01-01 → 2022-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥834m	2021-01-01 → 2021-12-31^d	Standalone	Operating revenue1 (5-year summary)
Operating income	¥2.5bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥13m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥2.5bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥13m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥779m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.0bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥485m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥2.5bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥13m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥1.9bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥145m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥634m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥719m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥655m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥17.4bn	at 2025-12-31	Standalone	Assets
Total assets	¥15.4bn	at 2024-12-31	Standalone	Assets
Total assets	¥15.7bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥16.6bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥16.0bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥818m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥15.5bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥14.6bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥15.2bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥15.0bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥14.8bn	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	¥381m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥99.13	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-7.49	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.47	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥35.18	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥38.44	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥32.38	2023-01-01 → 2023-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥35.1	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥38.25	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥22	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥22	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥21	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥799.81	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥755.42	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥783.74	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥748.67	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥709.27	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	88.8%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	94.7%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	96.8%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	90.4%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	92.6%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	12.7%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	4.2%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	4.8%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	4.7%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	21,549,900	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	21,549,900	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	21,500,100	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	21,482,700	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	21,443,100	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	27	at 2025-12-31	Standalone	Number of employees
Employees	23	at 2024-12-31	Standalone	Number of employees
Employees	22	at 2023-12-31^v	Standalone	Number of employees
Employees	18	at 2022-12-31^v	Standalone	Number of employees
Employees	17	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 · 1,330

Item	Context	Value	Unit
Net cash provided by used in operating activities	Prior1YearDuration	655554000	JPY
Net cash provided by used in operating activities	CurrentYearDuration	2382942000	JPY
Purchase of property plant and equipment inv cf	Prior1YearDuration	-2597000	JPY
Purchase of property plant and equipment inv cf	CurrentYearDuration	-115000	JPY
Purchase of intangible assets inv cf	Prior1YearDuration	－	JPY
Purchase of intangible assets inv cf	CurrentYearDuration	-1013000	JPY
Payments for lease and guarantee deposits inv cf	Prior1YearDuration	-2626000	JPY
Payments for lease and guarantee deposits inv cf	CurrentYearDuration	-2848000	JPY
Proceeds from collection of lease and guarantee deposits inv cf	Prior1YearDuration	－	JPY
Proceeds from collection of lease and guarantee deposits inv cf	CurrentYearDuration	3050000	JPY
Purchase of investment securities inv cf	Prior1YearDuration	-4568000	JPY
Purchase of investment securities inv cf	CurrentYearDuration	－	JPY
Payments of loans receivable to subsidiaries and affiliates inv cf	Prior1YearDuration	－	JPY
Payments of loans receivable to subsidiaries and affiliates inv cf	CurrentYearDuration	-587500000	JPY
Net cash provided by used in investment activities	Prior1YearDuration	-9792000	JPY
Net cash provided by used in investment activities	CurrentYearDuration	-588426000	JPY
Proceeds from issuance of common stock fin cf	Prior1YearDuration	14890000	JPY
Proceeds from issuance of common stock fin cf	CurrentYearDuration	－	JPY
Cash dividends paid fin cf	Prior1YearDuration	-415665000	JPY
Cash dividends paid fin cf	CurrentYearDuration	-436554000	JPY
Purchase of treasury stock fin cf	Prior1YearDuration	-42858000	JPY
Purchase of treasury stock fin cf	CurrentYearDuration	－	JPY
Proceeds from share issuance to non controlling shareholders fin cf	Prior1YearDuration	27600000	JPY
Proceeds from share issuance to non controlling shareholders fin cf	CurrentYearDuration	27600000	JPY
Dividends paid to non controlling interests fin cf	Prior1YearDuration	－	JPY
Dividends paid to non controlling interests fin cf	CurrentYearDuration	-90576000	JPY
Increase in short term loans payable fin cf	Prior1YearDuration	－	JPY
Increase in short term loans payable fin cf	CurrentYearDuration	1184500000	JPY
Decrease in short term loans payable fin cf	Prior1YearDuration	－	JPY
Decrease in short term loans payable fin cf	CurrentYearDuration	-500000000	JPY
Net cash provided by used in financing activities	Prior1YearDuration	-416032000	JPY
Net cash provided by used in financing activities	CurrentYearDuration	184969000	JPY
Effect of exchange rate change on cash and cash equivalents	Prior1YearDuration	132522000	JPY
Effect of exchange rate change on cash and cash equivalents	CurrentYearDuration	-112342000	JPY
Net increase decrease in cash and cash equivalents	Prior1YearDuration	362252000	JPY
Net increase decrease in cash and cash equivalents	CurrentYearDuration	1867142000	JPY
Cash and cash equivalents	Prior2YearInstant	3003153000	JPY
Cash and cash equivalents	Prior1YearInstant	3365405000	JPY
Cash and cash equivalents	Prior1YearInstant	3365405000	JPY
Cash and cash equivalents	CurrentYearInstant	5232547000	JPY
Number of consolidated subsidiaries	CurrentYearInstant	12
Number of unconsolidated subsidiaries and associates accounted for using equity method	CurrentYearInstant	2
Accumulated depreciation buildings	Prior1YearInstant	-148092000	JPY
Accumulated depreciation buildings	CurrentYearInstant	-47922000	JPY
Accumulated depreciation tools furniture and fixtures	Prior1YearInstant	-46142000	JPY
Accumulated depreciation tools furniture and fixtures	CurrentYearInstant	-57650000	JPY
Salaries and allowances sga	Prior1YearDuration	1065050000	JPY
Salaries and allowances sga	CurrentYearDuration	1158726000	JPY
Bonuses sga	Prior1YearDuration	615167000	JPY
Bonuses sga	CurrentYearDuration	862577000	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
balance sheet identity	non_consolidated 2024-12-31	pass
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