Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 155
MetricValuePeriodScopeSource row
Revenue¥22.7bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥21.0bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥26.9bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥34.7bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥30.3bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥2.1bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥1.4bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥2.1bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥1.4bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥1.2bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥5.7bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥4.6bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥834m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥310m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥3.8bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥3.2bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥1.3bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥834m2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥27.4bnat 2025-12-31Cons.Assets IFRS
Total assets¥25.0bnat 2024-12-31Cons.Assets IFRS
Total assets¥26.2bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥30.5bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥26.8bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥12.5bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥11.2bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥14.9bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥13.8bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥13.1bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥14.9bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥13.8bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥13.1bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥15.6bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥11.6bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥5.5bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥5.2bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥4.5bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥7.6bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥5.1bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥2.8bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥2.0bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥1.6bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥5.1bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥4.1bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥1.9bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥101m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥1.2bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥769m2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥1.4bn2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥598m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥1.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥3.5bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥1.8bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥1.3bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥28.972025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥18.052024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥6.732023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥85.092022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥78.322021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥28.722025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥17.892024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥6.572023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥78.862022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥66.82021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥320.48at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥296.8at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥284.54at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥331.9at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥260.91at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio54.3%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio55.1%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio50.0%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio51.0%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio43.2%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE9.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE6.2%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE2.2%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE28.0%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE32.8%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees665at 2025-12-31Cons.Number of employees
Employees711at 2024-12-31Cons.Number of employees
Employees1,014at 2023-12-31vCons.Number of employees
Employees1,165at 2022-12-31vCons.Number of employees
Employees1,053at 2021-12-31dCons.Number of employees
Revenue¥2.4bn2025-01-01 → 2025-12-31StandaloneOperating revenue1
Revenue¥2.2bn2024-01-01 → 2024-12-31StandaloneOperating revenue1
Revenue¥2.4bn2023-01-01 → 2023-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥4.6bn2022-01-01 → 2022-12-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥4.2bn2021-01-01 → 2021-12-31dStandaloneOperating revenue1 (5-year summary)
Operating income¥1.3bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.2bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥838m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.3bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.0bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥670m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥1.2bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥586m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥2.3bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥3.2bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥2.8bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥19.3bnat 2025-12-31StandaloneAssets
Total assets¥16.4bnat 2024-12-31StandaloneAssets
Total assets¥15.9bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥20.5bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥19.0bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥10.5bnat 2025-12-31StandaloneLiabilities
Total liabilities¥8.7bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥8.8bnat 2025-12-31StandaloneNet assets
Net assets / equity¥7.8bnat 2024-12-31StandaloneNet assets
Net assets / equity¥7.2bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥12.1bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥8.7bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥3.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.7bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥26.682025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥12.682024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-49.942023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥71.122022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥69.22021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥26.452025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥12.572024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥65.912022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥59.012021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥72025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥4.52024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥32023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥172022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥102021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥189.14at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥166.73at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥156.1at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥257.84at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥195.39at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio45.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio47.0%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio45.0%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio59.1%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio45.8%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE15.0%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE7.9%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE30.6%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE40.3%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued47,614,836at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,521,136at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued47,172,800at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued46,956,800at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued22,228,600at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees50at 2025-12-31StandaloneNumber of employees
Employees51at 2024-12-31StandaloneNumber of employees
Employees78at 2023-12-31vStandaloneNumber of employees
Employees77at 2022-12-31vStandaloneNumber of employees
Employees75at 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 · 19
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-01-01 → 2025-12-31−¥730m
Reconciling Itemsreconcilingrevenue intersegment2025-01-01 → 2025-12-31−¥730m
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥1.3bn
Marketing Businessreportable segmentemployeesat 2025-12-31572 pure
Marketing Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥21.2bn
Marketing Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥3.3bn
On Site Businessreportable segmentemployeesat 2025-12-3143 pure
On Site Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥2.3bn
On Site Businessreportable segmentrevenue intersegment2025-01-01 → 2025-12-31¥730m
On Site Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥80m
—segment totalemployeesat 2025-12-31615 pure
Reconciling Itemsreconcilingrevenue2024-01-01 → 2024-12-31−¥628m
Reconciling Itemsreconcilingrevenue intersegment2024-01-01 → 2024-12-31−¥628m
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥933m
Marketing Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥18.9bn
Marketing Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥2.3bn
On Site Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥2.7bn
On Site Businessreportable segmentrevenue intersegment2024-01-01 → 2024-12-31¥628m
On Site Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥50m

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

All source rows · 1,718
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)監査法人アヴァンティア
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)木 村 直 人
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)梶 原 大 輔
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)のれんの評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)連結財務諸表注記「4.重要な会計上の見積り及び見積りを伴う判断 (1)非金融資産の減損」及び「12.のれん及び無形資産」
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)監査法人アヴァンティア
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)木 村 直 人
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)梶 原 大 輔
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)関係会社株式の評価
Description including reason kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(重要な会計上の見積り)
Auditors response kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Revenue IFRS (5-year summary)Prior4YearDuration30285976000JPY
Revenue IFRS (5-year summary)Prior3YearDuration34673503000JPY
Revenue IFRS (5-year summary)Prior2YearDuration26851302000JPY
Revenue IFRS (5-year summary)Prior1YearDuration20952415000JPY
Revenue IFRS (5-year summary)CurrentYearDuration22694234000JPY
Operating profit loss IFRS (5-year summary)Prior4YearDuration4779661000JPY
Operating profit loss IFRS (5-year summary)Prior3YearDuration5770695000JPY
Operating profit loss IFRS (5-year summary)Prior2YearDuration1220466000JPY
Operating profit loss IFRS (5-year summary)Prior1YearDuration1433887000JPY
Operating profit loss IFRS (5-year summary)CurrentYearDuration2132605000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration4642453000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration5730583000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration1179631000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration1391131000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration2073108000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration3216686000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration3803022000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration310010000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration834296000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)CurrentYearDuration1344550000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior4YearDuration3216686000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior3YearDuration3768312000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior2YearDuration173206000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior1YearDuration755553000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)CurrentYearDuration1288353000JPY

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 · 21 of 21 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 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