Annual report

Period2024-03-01 → 2025-02-28

Filed2025-06-30

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100VUX1. Amended by S100W9DZ (2025-06-30).

Key figures · 147

Metric	Value	Period	Scope	Source row
Revenue	¥36.5bn	2024-03-01 → 2025-02-28	Cons.	Net sales
Revenue	¥35.2bn	2023-03-01 → 2024-02-29	Cons.	Net sales
Revenue	¥31.3bn	2022-03-01 → 2023-02-28^v	Cons.	Net sales (5-year summary)
Revenue	¥26.8bn	2021-03-01 → 2022-02-28^d	Cons.	Net sales (5-year summary)
Revenue	¥25.0bn	2020-03-01 → 2021-02-28^d	Cons.	Net sales (5-year summary)
Operating income	¥912m	2024-03-01 → 2025-02-28	Cons.	Operating income
Operating income	¥1.3bn	2023-03-01 → 2024-02-29	Cons.	Operating income
Ordinary income	¥920m	2024-03-01 → 2025-02-28	Cons.	Ordinary income
Ordinary income	¥1.4bn	2023-03-01 → 2024-02-29	Cons.	Ordinary income
Ordinary income	¥1.6bn	2022-03-01 → 2023-02-28^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.3bn	2021-03-01 → 2022-02-28^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥934m	2020-03-01 → 2021-02-28^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥759m	2024-03-01 → 2025-02-28	Cons.	Income before income taxes
Profit before tax	¥1.1bn	2023-03-01 → 2024-02-29	Cons.	Income before income taxes
Net income (owners)	¥502m	2024-03-01 → 2025-02-28	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥568m	2023-03-01 → 2024-02-29	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.0bn	2022-03-01 → 2023-02-28^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.5bn	2021-03-01 → 2022-02-28^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥704m	2020-03-01 → 2021-02-28^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥502m	2024-03-01 → 2025-02-28	Cons.	Profit loss
Net income	¥568m	2023-03-01 → 2024-02-29	Cons.	Profit loss
Total assets	¥13.4bn	at 2025-02-28	Cons.	Assets
Total assets	¥12.4bn	at 2024-02-29	Cons.	Assets
Total assets	¥10.9bn	at 2023-02-28^v	Cons.	Total assets (5-year summary)
Total assets	¥9.4bn	at 2022-02-28^d	Cons.	Total assets (5-year summary)
Total assets	¥8.2bn	at 2021-02-28^d	Cons.	Total assets (5-year summary)
Total liabilities	¥7.2bn	at 2025-02-28	Cons.	Liabilities
Total liabilities	¥6.6bn	at 2024-02-29	Cons.	Liabilities
Net assets / equity	¥6.1bn	at 2025-02-28	Cons.	Net assets
Net assets / equity	¥5.8bn	at 2024-02-29	Cons.	Net assets
Net assets / equity	¥5.6bn	at 2023-02-28^v	Cons.	Net assets
Net assets / equity	¥4.9bn	at 2022-02-28^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥3.6bn	at 2021-02-28^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.9bn	at 2025-02-28	Cons.	Cash and deposits
Cash and deposits	¥2.9bn	at 2024-02-29	Cons.	Cash and deposits
Cash & equivalents	¥2.8bn	at 2025-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2024-02-29	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.4bn	at 2023-02-28^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.7bn	at 2022-02-28^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.0bn	at 2021-02-28^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.5bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥211m	2023-03-01 → 2024-02-29	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.2bn	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥538m	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.2bn	2020-03-01 → 2021-02-28^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥1.4bn	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥595m	2023-03-01 → 2024-02-29	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥562m	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥646m	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥440m	2020-03-01 → 2021-02-28^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥16m	2024-03-01 → 2025-02-28	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥779m	2023-03-01 → 2024-02-29	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥111m	2022-03-01 → 2023-02-28^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥197m	2021-03-01 → 2022-02-28^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥224m	2020-03-01 → 2021-02-28^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥7.94	2024-03-01 → 2025-02-28	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥8.84	2023-03-01 → 2024-02-29	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥15.54	2022-03-01 → 2023-02-28^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥22.29	2021-03-01 → 2022-02-28^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥10.66	2020-03-01 → 2021-02-28^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥96.99	at 2025-02-28	Cons.	Net assets per share (5-year summary)
Net assets per share	¥92.15	at 2024-02-29	Cons.	Net assets per share (5-year summary)
Net assets per share	¥86.72	at 2023-02-28^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥73.76	at 2022-02-28^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥52.86	at 2021-02-28^d	Cons.	Net assets per share (5-year summary)
Equity ratio	45.9%	at 2025-02-28	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	46.8%	at 2024-02-29	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	51.2%	at 2023-02-28^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	52.2%	at 2022-02-28^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	43.4%	at 2021-02-28^d	Cons.	Equity to asset ratio (5-year summary)
ROE	8.4%	2024-03-01 → 2025-02-28	Cons.	Rate of return on equity (5-year summary)
ROE	10.0%	2023-03-01 → 2024-02-29	Cons.	Rate of return on equity (5-year summary)
ROE	19.1%	2022-03-01 → 2023-02-28^v	Cons.	Rate of return on equity (5-year summary)
ROE	35.4%	2021-03-01 → 2022-02-28^d	Cons.	Rate of return on equity (5-year summary)
ROE	19.7%	2020-03-01 → 2021-02-28^d	Cons.	Rate of return on equity (5-year summary)
Employees	411	at 2025-02-28	Cons.	Number of employees
Employees	391	at 2024-02-29	Cons.	Number of employees
Employees	366	at 2023-02-28^v	Cons.	Number of employees
Employees	349	at 2022-02-28^d	Cons.	Number of employees
Employees	311	at 2021-02-28^d	Cons.	Number of employees
Revenue	¥33.1bn	2024-03-01 → 2025-02-28	Standalone	Net sales
Revenue	¥31.8bn	2023-03-01 → 2024-02-29	Standalone	Net sales
Revenue	¥28.3bn	2022-03-01 → 2023-02-28^v	Standalone	Net sales (5-year summary)
Revenue	¥24.5bn	2021-03-01 → 2022-02-28^d	Standalone	Net sales (5-year summary)
Revenue	¥24.0bn	2020-03-01 → 2021-02-28^d	Standalone	Net sales (5-year summary)
Operating income	¥390m	2024-03-01 → 2025-02-28	Standalone	Operating income
Operating income	¥563m	2023-03-01 → 2024-02-29	Standalone	Operating income
Ordinary income	¥406m	2024-03-01 → 2025-02-28	Standalone	Ordinary income
Ordinary income	¥889m	2023-03-01 → 2024-02-29	Standalone	Ordinary income
Ordinary income	¥987m	2022-03-01 → 2023-02-28^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.1bn	2021-03-01 → 2022-02-28^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥783m	2020-03-01 → 2021-02-28^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥248m	2024-03-01 → 2025-02-28	Standalone	Income before income taxes
Profit before tax	¥576m	2023-03-01 → 2024-02-29	Standalone	Income before income taxes
Net income	¥154m	2024-03-01 → 2025-02-28	Standalone	Profit loss
Net income	¥294m	2023-03-01 → 2024-02-29	Standalone	Profit loss
Net income	¥624m	2022-03-01 → 2023-02-28^v	Standalone	Net income loss (5-year summary)
Net income	¥1.5bn	2021-03-01 → 2022-02-28^d	Standalone	Net income loss (5-year summary)
Net income	¥621m	2020-03-01 → 2021-02-28^d	Standalone	Net income loss (5-year summary)
Total assets	¥12.0bn	at 2025-02-28	Standalone	Assets
Total assets	¥11.2bn	at 2024-02-29	Standalone	Assets
Total assets	¥10.1bn	at 2023-02-28^v	Standalone	Total assets (5-year summary)
Total assets	¥8.9bn	at 2022-02-28^d	Standalone	Total assets (5-year summary)
Total assets	¥7.9bn	at 2021-02-28^d	Standalone	Total assets (5-year summary)
Total liabilities	¥7.0bn	at 2025-02-28	Standalone	Liabilities
Total liabilities	¥6.3bn	at 2024-02-29	Standalone	Liabilities
Net assets / equity	¥4.9bn	at 2025-02-28	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2024-02-29	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2023-02-28^v	Standalone	Net assets
Net assets / equity	¥4.7bn	at 2022-02-28^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥3.3bn	at 2021-02-28^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.8bn	at 2025-02-28	Standalone	Cash and deposits
Cash and deposits	¥1.8bn	at 2024-02-29	Standalone	Cash and deposits
EPS (basic)	¥2.44	2024-03-01 → 2025-02-28	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥4.58	2023-03-01 → 2024-02-29	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥9.67	2022-03-01 → 2023-02-28^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥22.15	2021-03-01 → 2022-02-28^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥9.4	2020-03-01 → 2021-02-28^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥4	2024-03-01 → 2025-02-28	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥4	2023-03-01 → 2024-02-29	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥3	2022-03-01 → 2023-02-28^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥1	2021-03-01 → 2022-02-28^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥77.85	at 2025-02-28	Standalone	Net assets per share (5-year summary)
Net assets per share	¥78.82	at 2024-02-29	Standalone	Net assets per share (5-year summary)
Net assets per share	¥77.91	at 2023-02-28^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥70.76	at 2022-02-28^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥49.27	at 2021-02-28^d	Standalone	Net assets per share (5-year summary)
Equity ratio	41.2%	at 2025-02-28	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	44.2%	at 2024-02-29	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.0%	at 2023-02-28^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	53.0%	at 2022-02-28^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	42.4%	at 2021-02-28^d	Standalone	Equity to asset ratio (5-year summary)
ROE	3.1%	2024-03-01 → 2025-02-28	Standalone	Rate of return on equity (5-year summary)
ROE	5.9%	2023-03-01 → 2024-02-29	Standalone	Rate of return on equity (5-year summary)
ROE	12.8%	2022-03-01 → 2023-02-28^v	Standalone	Rate of return on equity (5-year summary)
ROE	37.1%	2021-03-01 → 2022-02-28^d	Standalone	Rate of return on equity (5-year summary)
ROE	21.9%	2020-03-01 → 2021-02-28^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	68,664,338	at 2025-02-28	Standalone	Total number of issued shares (5-year summary)
Shares issued	68,664,338	at 2024-02-29	Standalone	Total number of issued shares (5-year summary)
Shares issued	68,664,338	at 2023-02-28^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	68,664,338	at 2022-02-28^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	68,664,338	at 2021-02-28^d	Standalone	Total number of issued shares (5-year summary)
Employees	344	at 2025-02-28	Standalone	Number of employees
Employees	323	at 2024-02-29	Standalone	Number of employees
Employees	301	at 2023-02-28^v	Standalone	Number of employees
Employees	283	at 2022-02-28^d	Standalone	Number of employees
Employees	250	at 2021-02-28^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 · 1,394

Item	Context	Value	Unit
Accumulated depreciation furniture and fixtures ppe	CurrentYearInstant	-925796000	JPY
Furniture and fixtures net ppe	Prior1YearInstant	365988000	JPY
Furniture and fixtures net ppe	CurrentYearInstant	420252000	JPY
Land	Prior1YearInstant	173781000	JPY
Land	CurrentYearInstant	173781000	JPY
Lease assets ppe	Prior1YearInstant	48191000	JPY
Lease assets ppe	CurrentYearInstant	52310000	JPY
Accumulated depreciation lease assets ppe	Prior1YearInstant	-43741000	JPY
Accumulated depreciation lease assets ppe	CurrentYearInstant	-44893000	JPY
Lease assets net ppe	Prior1YearInstant	4450000	JPY
Lease assets net ppe	CurrentYearInstant	7417000	JPY
Construction in progress	Prior1YearInstant	26913000	JPY
Construction in progress	CurrentYearInstant	604885000	JPY
Other ppe	Prior1YearInstant	10409000	JPY
Other ppe	CurrentYearInstant	10409000	JPY
Accumulated depreciation other ppe	Prior1YearInstant	-8661000	JPY
Accumulated depreciation other ppe	CurrentYearInstant	-9243000	JPY
Other net ppe	Prior1YearInstant	1747000	JPY
Other net ppe	CurrentYearInstant	1165000	JPY
Property plant and equipment	Prior1YearInstant	1045188000	JPY
Property plant and equipment	CurrentYearInstant	1771494000	JPY
Goodwill	Prior1YearInstant	60876000	JPY
Goodwill	CurrentYearInstant	20292000	JPY
Software	Prior1YearInstant	267464000	JPY
Software	CurrentYearInstant	211587000	JPY
Other ia	Prior1YearInstant	－	JPY
Other ia	CurrentYearInstant	2233000	JPY
Intangible assets	Prior1YearInstant	328340000	JPY
Intangible assets	CurrentYearInstant	234112000	JPY
Investment securities	Prior1YearInstant	343371000	JPY
Investment securities	CurrentYearInstant	661348000	JPY
Long term loans receivable	Prior1YearInstant	19607000	JPY
Long term loans receivable	CurrentYearInstant	12920000	JPY
Deferred tax assets	Prior1YearInstant	233413000	JPY
Deferred tax assets	CurrentYearInstant	196309000	JPY
Guarantee deposits ioa	Prior1YearInstant	1117569000	JPY
Guarantee deposits ioa	CurrentYearInstant	1155923000	JPY
Other ioa	Prior1YearInstant	47780000	JPY
Other ioa	CurrentYearInstant	56604000	JPY
Investments and other assets	Prior1YearInstant	1761743000	JPY
Investments and other assets	CurrentYearInstant	2083107000	JPY
Noncurrent assets	Prior1YearInstant	3135273000	JPY
Noncurrent assets	CurrentYearInstant	4088714000	JPY
Assets	Prior1YearInstant	12409376000	JPY
Assets	CurrentYearInstant	13380775000	JPY
Accounts payable trade	Prior1YearInstant	686329000	JPY
Accounts payable trade	CurrentYearInstant	1146533000	JPY
Short term loans payable	Prior1YearInstant	1300000000	JPY
Short term loans payable	CurrentYearInstant	2000000000	JPY
Current portion of long term loans payable	Prior1YearInstant	921677000	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 2024-02-29	pass rounding
balance sheet identity	consolidated 2025-02-28	pass rounding
balance sheet identity	non_consolidated 2024-02-29	pass rounding
balance sheet identity	non_consolidated 2025-02-28	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-02-28	pass
statement vs summary · net assets	consolidated 2024-02-29	pass
statement vs summary · net assets	consolidated 2025-02-28	pass
statement vs summary · net assets	non_consolidated 2023-02-28	pass
statement vs summary · net assets	non_consolidated 2024-02-29	pass
statement vs summary · net assets	non_consolidated 2025-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2023-03-01/2024-02-29	pass
statement vs summary · net income attributable to parent	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · operating cash flow	consolidated 2023-03-01/2024-02-29	pass
statement vs summary · operating cash flow	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	consolidated 2023-03-01/2024-02-29	pass
statement vs summary · revenue	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	non_consolidated 2023-03-01/2024-02-29	pass
statement vs summary · revenue	non_consolidated 2024-03-01/2025-02-28	pass
statement vs summary · total assets	consolidated 2024-02-29	pass
statement vs summary · total assets	consolidated 2025-02-28	pass
statement vs summary · total assets	non_consolidated 2024-02-29	pass
statement vs summary · total assets	non_consolidated 2025-02-28	pass