Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-29
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥42.2bn2025-03-01 → 2026-02-28Cons.Net sales
Revenue¥36.5bn2024-03-01 → 2025-02-28Cons.Net sales
Revenue¥35.2bn2023-03-01 → 2024-02-29vCons.Net sales (5-year summary)
Revenue¥31.3bn2022-03-01 → 2023-02-28vCons.Net sales (5-year summary)
Revenue¥26.8bn2021-03-01 → 2022-02-28dCons.Net sales (5-year summary)
Operating income¥1.4bn2025-03-01 → 2026-02-28Cons.Operating income
Operating income¥912m2024-03-01 → 2025-02-28Cons.Operating income
Ordinary income¥1.4bn2025-03-01 → 2026-02-28Cons.Ordinary income
Ordinary income¥920m2024-03-01 → 2025-02-28Cons.Ordinary income
Ordinary income¥1.4bn2023-03-01 → 2024-02-29vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.6bn2022-03-01 → 2023-02-28vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.3bn2021-03-01 → 2022-02-28dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.4bn2025-03-01 → 2026-02-28Cons.Income before income taxes
Profit before tax¥759m2024-03-01 → 2025-02-28Cons.Income before income taxes
Net income (owners)¥868m2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)¥502m2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)¥568m2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.0bn2022-03-01 → 2023-02-28vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.5bn2021-03-01 → 2022-02-28dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥868m2025-03-01 → 2026-02-28Cons.Profit loss
Net income¥502m2024-03-01 → 2025-02-28Cons.Profit loss
Total assets¥14.3bnat 2026-02-28Cons.Assets
Total assets¥13.4bnat 2025-02-28Cons.Assets
Total assets¥12.4bnat 2024-02-29vCons.Total assets (5-year summary)
Total assets¥10.9bnat 2023-02-28vCons.Total assets (5-year summary)
Total assets¥9.4bnat 2022-02-28dCons.Total assets (5-year summary)
Total liabilities¥7.3bnat 2026-02-28Cons.Liabilities
Total liabilities¥7.2bnat 2025-02-28Cons.Liabilities
Net assets / equity¥7.0bnat 2026-02-28Cons.Net assets
Net assets / equity¥6.1bnat 2025-02-28Cons.Net assets
Net assets / equity¥5.8bnat 2024-02-29vCons.Net assets
Net assets / equity¥5.6bnat 2023-02-28vCons.Net assets (5-year summary)
Net assets / equity¥4.9bnat 2022-02-28dCons.Net assets (5-year summary)
Cash and deposits¥3.1bnat 2026-02-28Cons.Cash and deposits
Cash and deposits¥2.9bnat 2025-02-28Cons.Cash and deposits
Cash & equivalents¥3.0bnat 2026-02-28Cons.Cash and cash equivalents
Cash & equivalents¥2.8bnat 2025-02-28Cons.Cash and cash equivalents
Cash & equivalents¥2.8bnat 2024-02-29vCons.Cash and cash equivalents
Cash & equivalents¥2.4bnat 2023-02-28vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.7bnat 2022-02-28dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.9bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities
Operating cash flow¥1.5bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities
Operating cash flow¥211m2023-03-01 → 2024-02-29vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.2bn2022-03-01 → 2023-02-28vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥538m2021-03-01 → 2022-02-28dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥693m2025-03-01 → 2026-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.4bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥595m2023-03-01 → 2024-02-29vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥562m2022-03-01 → 2023-02-28vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥646m2021-03-01 → 2022-02-28dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.1bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities
Financing cash flow¥16m2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities
Financing cash flow¥779m2023-03-01 → 2024-02-29vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥111m2022-03-01 → 2023-02-28vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥197m2021-03-01 → 2022-02-28dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥13.652025-03-01 → 2026-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥7.942024-03-01 → 2025-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥8.842023-03-01 → 2024-02-29vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥15.542022-03-01 → 2023-02-28vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥22.292021-03-01 → 2022-02-28dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥109.4at 2026-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥96.99at 2025-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥92.15at 2024-02-29vCons.Net assets per share (5-year summary)
Net assets per share¥86.72at 2023-02-28vCons.Net assets per share (5-year summary)
Net assets per share¥73.76at 2022-02-28dCons.Net assets per share (5-year summary)
Equity ratio48.8%at 2026-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio45.9%at 2025-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio46.8%at 2024-02-29vCons.Equity to asset ratio (5-year summary)
Equity ratio51.2%at 2023-02-28vCons.Equity to asset ratio (5-year summary)
Equity ratio52.2%at 2022-02-28dCons.Equity to asset ratio (5-year summary)
ROE13.2%2025-03-01 → 2026-02-28Cons.Rate of return on equity (5-year summary)
ROE8.4%2024-03-01 → 2025-02-28Cons.Rate of return on equity (5-year summary)
ROE10.0%2023-03-01 → 2024-02-29vCons.Rate of return on equity (5-year summary)
ROE19.1%2022-03-01 → 2023-02-28vCons.Rate of return on equity (5-year summary)
ROE35.4%2021-03-01 → 2022-02-28dCons.Rate of return on equity (5-year summary)
Employees443at 2026-02-28Cons.Number of employees
Employees411at 2025-02-28Cons.Number of employees
Employees391at 2024-02-29vCons.Number of employees
Employees366at 2023-02-28vCons.Number of employees
Employees349at 2022-02-28dCons.Number of employees
Revenue¥38.6bn2025-03-01 → 2026-02-28StandaloneNet sales
Revenue¥33.1bn2024-03-01 → 2025-02-28StandaloneNet sales
Revenue¥31.8bn2023-03-01 → 2024-02-29vStandaloneNet sales (5-year summary)
Revenue¥28.3bn2022-03-01 → 2023-02-28vStandaloneNet sales (5-year summary)
Revenue¥24.5bn2021-03-01 → 2022-02-28dStandaloneNet sales (5-year summary)
Operating income¥935m2025-03-01 → 2026-02-28StandaloneOperating income
Operating income¥390m2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income¥935m2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income¥406m2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥889m2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥987m2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.1bn2021-03-01 → 2022-02-28dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥937m2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax¥248m2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income¥540m2025-03-01 → 2026-02-28StandaloneProfit loss
Net income¥154m2024-03-01 → 2025-02-28StandaloneProfit loss
Net income¥294m2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥624m2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income¥1.5bn2021-03-01 → 2022-02-28dStandaloneNet income loss (5-year summary)
Total assets¥12.3bnat 2026-02-28StandaloneAssets
Total assets¥12.0bnat 2025-02-28StandaloneAssets
Total assets¥11.2bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥10.1bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥8.9bnat 2022-02-28dStandaloneTotal assets (5-year summary)
Total liabilities¥7.0bnat 2026-02-28StandaloneLiabilities
Total liabilities¥7.0bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥5.3bnat 2026-02-28StandaloneNet assets
Net assets / equity¥4.9bnat 2025-02-28StandaloneNet assets
Net assets / equity¥5.0bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥5.0bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥4.7bnat 2022-02-28dStandaloneNet assets (5-year summary)
Cash and deposits¥2.1bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥1.8bnat 2025-02-28StandaloneCash and deposits
EPS (basic)¥8.492025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥2.442024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥4.582023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥9.672022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥22.152021-03-01 → 2022-02-28dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥52025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥42024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥42023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Dividend per share¥32022-03-01 → 2023-02-28vStandaloneDividend paid per share (5-year summary)
Dividend per share¥12021-03-01 → 2022-02-28dStandaloneDividend paid per share (5-year summary)
Net assets per share¥83.56at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥77.85at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥78.82at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥77.91at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥70.76at 2022-02-28dStandaloneNet assets per share (5-year summary)
Equity ratio43.3%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio41.2%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio44.2%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio50.0%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio53.0%at 2022-02-28dStandaloneEquity to asset ratio (5-year summary)
ROE10.5%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE3.1%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE5.9%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE12.8%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE37.1%2021-03-01 → 2022-02-28dStandaloneRate of return on equity (5-year summary)
Shares issued68,664,338at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued68,664,338at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued68,664,338at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued68,664,338at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued68,664,338at 2022-02-28dStandaloneTotal number of issued shares (5-year summary)
Employees364at 2026-02-28StandaloneNumber of employees
Employees344at 2025-02-28StandaloneNumber of employees
Employees323at 2024-02-29vStandaloneNumber of employees
Employees301at 2023-02-28vStandaloneNumber of employees
Employees283at 2022-02-28dStandaloneNumber 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 · 1
SegmentItemPeriodValue
Multi Package Sales Business Memberreportable segmentemployeesat 2026-02-28443 pure

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

All source rows · 1,475
ItemContextValueUnit
Restricted share awards remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingAuditAndSupervisoryCommitteeMembersAndOutsideDirectorsMember24000000JPY
Bonus remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingAuditAndSupervisoryCommitteeMembersAndOutsideDirectorsMember14000000JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingAuditAndSupervisoryCommitteeMembersAndOutsideDirectorsMember6
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsAppointedAsAuditAndSupervisoryCommitteeMembersExcludingOutsideDirectorsMember9000000JPY
Base remuneration remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsAppointedAsAuditAndSupervisoryCommitteeMembersExcludingOutsideDirectorsMember9000000JPY
Restricted share awards remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsAppointedAsAuditAndSupervisoryCommitteeMembersExcludingOutsideDirectorsMember-JPY
Bonus remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsAppointedAsAuditAndSupervisoryCommitteeMembersExcludingOutsideDirectorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsAppointedAsAuditAndSupervisoryCommitteeMembersExcludingOutsideDirectorsMember1
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember11000000JPY
Base remuneration remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember11000000JPY
Restricted share awards remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Bonus remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember3
Number of issues shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant1
Carrying amount shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant0JPY
Number of issues shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant2
Carrying amount shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant289578000JPY
Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-
Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration-JPY
Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration2
Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration321601000JPY
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1500000JPY
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration1
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearDuration270051000JPY
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row1Member700000
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row1Member-
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row1Member213500000JPY
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row1Member-JPY
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row2Member42982
Number of shares held details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row2Member42106
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyCurrentYearInstant_Row2Member76078000JPY
Book value details of specified investment equity securities held for purposes other than pure investment reporting companyPrior1YearInstant_Row2Member52716000JPY
Number of issues shares not listed investment shares held for pure investment reporting companyCurrentYearInstant-
Book value equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearInstant-JPY
Number of issues shares not listed investment shares held for pure investment reporting companyPrior1YearInstant-
Book value equity securities not listed investment equity securities held for pure investment reporting companyPrior1YearInstant-JPY
Number of issues shares other than those not listed investment shares held for pure investment reporting companyCurrentYearInstant2
Book value equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearInstant371000JPY
Number of issues shares other than those not listed investment shares held for pure investment reporting companyPrior1YearInstant2
Book value equity securities other than those not listed investment equity securities held for pure investment reporting companyPrior1YearInstant304000JPY
Total of dividends received equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of gain loss on sale equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of valuation gain loss equity securities not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of dividends received equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration5000JPY
Total of gain loss on sale equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration-JPY
Total of valuation gain loss equity securities other than those not listed investment equity securities held for pure investment reporting companyCurrentYearDuration209000JPY
Cash and depositsPrior1YearInstant2896446000JPY
Cash and depositsCurrentYearInstant3089247000JPY
Accounts receivable tradePrior1YearInstant918262000JPY

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 2025-02-28pass rounding
balance sheet identityconsolidated 2026-02-28pass rounding
balance sheet identitynon_consolidated 2025-02-28pass
balance sheet identitynon_consolidated 2026-02-28pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-02-29pass
statement vs summary · net assetsconsolidated 2025-02-28pass
statement vs summary · net assetsconsolidated 2026-02-28pass
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-03-01/2025-02-28pass
statement vs summary · net income attributable to parentconsolidated 2025-03-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-03-01/2025-02-28pass
statement vs summary · operating cash flowconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenueconsolidated 2024-03-01/2025-02-28pass
statement vs summary · revenueconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-02-28pass
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass