Annual report

Period2025-03-01 → 2026-02-28

Filed2026-05-29

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥42.2bn	2025-03-01 → 2026-02-28	Cons.	Net sales
Revenue	¥36.5bn	2024-03-01 → 2025-02-28	Cons.	Net sales
Revenue	¥35.2bn	2023-03-01 → 2024-02-29^v	Cons.	Net sales (5-year summary)
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)
Operating income	¥1.4bn	2025-03-01 → 2026-02-28	Cons.	Operating income
Operating income	¥912m	2024-03-01 → 2025-02-28	Cons.	Operating income
Ordinary income	¥1.4bn	2025-03-01 → 2026-02-28	Cons.	Ordinary income
Ordinary income	¥920m	2024-03-01 → 2025-02-28	Cons.	Ordinary income
Ordinary income	¥1.4bn	2023-03-01 → 2024-02-29^v	Cons.	Ordinary income loss (5-year summary)
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)
Profit before tax	¥1.4bn	2025-03-01 → 2026-02-28	Cons.	Income before income taxes
Profit before tax	¥759m	2024-03-01 → 2025-02-28	Cons.	Income before income taxes
Net income (owners)	¥868m	2025-03-01 → 2026-02-28	Cons.	Profit loss attributable to owners of parent
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^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
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	¥868m	2025-03-01 → 2026-02-28	Cons.	Profit loss
Net income	¥502m	2024-03-01 → 2025-02-28	Cons.	Profit loss
Total assets	¥14.3bn	at 2026-02-28	Cons.	Assets
Total assets	¥13.4bn	at 2025-02-28	Cons.	Assets
Total assets	¥12.4bn	at 2024-02-29^v	Cons.	Total assets (5-year summary)
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 liabilities	¥7.3bn	at 2026-02-28	Cons.	Liabilities
Total liabilities	¥7.2bn	at 2025-02-28	Cons.	Liabilities
Net assets / equity	¥7.0bn	at 2026-02-28	Cons.	Net assets
Net assets / equity	¥6.1bn	at 2025-02-28	Cons.	Net assets
Net assets / equity	¥5.8bn	at 2024-02-29^v	Cons.	Net assets
Net assets / equity	¥5.6bn	at 2023-02-28^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.9bn	at 2022-02-28^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.1bn	at 2026-02-28	Cons.	Cash and deposits
Cash and deposits	¥2.9bn	at 2025-02-28	Cons.	Cash and deposits
Cash & equivalents	¥3.0bn	at 2026-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2025-02-28	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2024-02-29^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.4bn	at 2023-02-28^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.7bn	at 2022-02-28^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.9bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in operating activities
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^v	Cons.	Net cash provided by used in operating activities (5-year summary)
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)
Investing cash flow	−¥693m	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in investment activities
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^v	Cons.	Net cash provided by used in investing activities (5-year summary)
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)
Financing cash flow	−¥1.1bn	2025-03-01 → 2026-02-28	Cons.	Net cash provided by used in financing activities
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^v	Cons.	Net cash provided by used in financing activities (5-year summary)
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)
EPS (basic)	¥13.65	2025-03-01 → 2026-02-28	Cons.	Basic earnings loss per share (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^v	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)
Net assets per share	¥109.4	at 2026-02-28	Cons.	Net assets 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^v	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)
Equity ratio	48.8%	at 2026-02-28	Cons.	Equity to asset ratio (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^v	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)
ROE	13.2%	2025-03-01 → 2026-02-28	Cons.	Rate of return on equity (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^v	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)
Employees	443	at 2026-02-28	Cons.	Number of employees
Employees	411	at 2025-02-28	Cons.	Number of employees
Employees	391	at 2024-02-29^v	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
Revenue	¥38.6bn	2025-03-01 → 2026-02-28	Standalone	Net sales
Revenue	¥33.1bn	2024-03-01 → 2025-02-28	Standalone	Net sales
Revenue	¥31.8bn	2023-03-01 → 2024-02-29^v	Standalone	Net sales (5-year summary)
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)
Operating income	¥935m	2025-03-01 → 2026-02-28	Standalone	Operating income
Operating income	¥390m	2024-03-01 → 2025-02-28	Standalone	Operating income
Ordinary income	¥935m	2025-03-01 → 2026-02-28	Standalone	Ordinary income
Ordinary income	¥406m	2024-03-01 → 2025-02-28	Standalone	Ordinary income
Ordinary income	¥889m	2023-03-01 → 2024-02-29^v	Standalone	Ordinary income loss (5-year summary)
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)
Profit before tax	¥937m	2025-03-01 → 2026-02-28	Standalone	Income before income taxes
Profit before tax	¥248m	2024-03-01 → 2025-02-28	Standalone	Income before income taxes
Net income	¥540m	2025-03-01 → 2026-02-28	Standalone	Profit loss
Net income	¥154m	2024-03-01 → 2025-02-28	Standalone	Profit loss
Net income	¥294m	2023-03-01 → 2024-02-29^v	Standalone	Net income loss (5-year summary)
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)
Total assets	¥12.3bn	at 2026-02-28	Standalone	Assets
Total assets	¥12.0bn	at 2025-02-28	Standalone	Assets
Total assets	¥11.2bn	at 2024-02-29^v	Standalone	Total assets (5-year summary)
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 liabilities	¥7.0bn	at 2026-02-28	Standalone	Liabilities
Total liabilities	¥7.0bn	at 2025-02-28	Standalone	Liabilities
Net assets / equity	¥5.3bn	at 2026-02-28	Standalone	Net assets
Net assets / equity	¥4.9bn	at 2025-02-28	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2024-02-29^v	Standalone	Net assets
Net assets / equity	¥5.0bn	at 2023-02-28^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.7bn	at 2022-02-28^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.1bn	at 2026-02-28	Standalone	Cash and deposits
Cash and deposits	¥1.8bn	at 2025-02-28	Standalone	Cash and deposits
EPS (basic)	¥8.49	2025-03-01 → 2026-02-28	Standalone	Basic earnings loss per share (5-year summary)
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^v	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)
Dividend per share	¥5	2025-03-01 → 2026-02-28	Standalone	Dividend paid 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^v	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	¥83.56	at 2026-02-28	Standalone	Net assets 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^v	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)
Equity ratio	43.3%	at 2026-02-28	Standalone	Equity to asset ratio (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^v	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)
ROE	10.5%	2025-03-01 → 2026-02-28	Standalone	Rate of return on equity (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^v	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)
Shares issued	68,664,338	at 2026-02-28	Standalone	Total number of issued shares (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^v	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)
Employees	364	at 2026-02-28	Standalone	Number of employees
Employees	344	at 2025-02-28	Standalone	Number of employees
Employees	323	at 2024-02-29^v	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

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

Segment	Item	Period	Value
Multi Package Sales Business Memberreportable segment	employees	at 2026-02-28	443 pure

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

All source rows · 1,475

Item	Context	Value	Unit
Accounts receivable trade	CurrentYearInstant	998086000	JPY
Merchandise	Prior1YearInstant	4931067000	JPY
Merchandise	CurrentYearInstant	4890299000	JPY
Supplies	Prior1YearInstant	24963000	JPY
Supplies	CurrentYearInstant	30093000	JPY
Other ca	Prior1YearInstant	521320000	JPY
Other ca	CurrentYearInstant	684879000	JPY
Current assets	Prior1YearInstant	9292060000	JPY
Current assets	CurrentYearInstant	9692606000	JPY
Buildings and structures	Prior1YearInstant	2859848000	JPY
Buildings and structures	CurrentYearInstant	4019693000	JPY
Accumulated depreciation buildings and structures	Prior1YearInstant	-2295857000	JPY
Accumulated depreciation buildings and structures	CurrentYearInstant	-2412546000	JPY
Buildings and structures net	Prior1YearInstant	563990000	JPY
Buildings and structures net	CurrentYearInstant	1607147000	JPY
Machinery and equipment	Prior1YearInstant	－	JPY
Machinery and equipment	CurrentYearInstant	30431000	JPY
Accumulated depreciation machinery and equipment	Prior1YearInstant	－	JPY
Accumulated depreciation machinery and equipment	CurrentYearInstant	-3590000	JPY
Machinery and equipment net	Prior1YearInstant	－	JPY
Machinery and equipment net	CurrentYearInstant	26840000	JPY
Furniture and fixtures ppe	Prior1YearInstant	1346048000	JPY
Furniture and fixtures ppe	CurrentYearInstant	1399461000	JPY
Accumulated depreciation furniture and fixtures ppe	Prior1YearInstant	-925796000	JPY
Accumulated depreciation furniture and fixtures ppe	CurrentYearInstant	-1054362000	JPY
Furniture and fixtures net ppe	Prior1YearInstant	420252000	JPY
Furniture and fixtures net ppe	CurrentYearInstant	345099000	JPY
Land	Prior1YearInstant	173781000	JPY
Land	CurrentYearInstant	173781000	JPY
Lease assets ppe	Prior1YearInstant	52310000	JPY
Lease assets ppe	CurrentYearInstant	82771000	JPY
Accumulated depreciation lease assets ppe	Prior1YearInstant	-44893000	JPY
Accumulated depreciation lease assets ppe	CurrentYearInstant	-49132000	JPY
Lease assets net ppe	Prior1YearInstant	7417000	JPY
Lease assets net ppe	CurrentYearInstant	33639000	JPY
Construction in progress	Prior1YearInstant	604885000	JPY
Construction in progress	CurrentYearInstant	73887000	JPY
Other ppe	Prior1YearInstant	10409000	JPY
Other ppe	CurrentYearInstant	7593000	JPY
Accumulated depreciation other ppe	Prior1YearInstant	-9243000	JPY
Accumulated depreciation other ppe	CurrentYearInstant	-4897000	JPY
Other net ppe	Prior1YearInstant	1165000	JPY
Other net ppe	CurrentYearInstant	2696000	JPY
Property plant and equipment	Prior1YearInstant	1771494000	JPY
Property plant and equipment	CurrentYearInstant	2263091000	JPY
Goodwill	Prior1YearInstant	20292000	JPY
Goodwill	CurrentYearInstant	－	JPY
Software	Prior1YearInstant	211587000	JPY
Software	CurrentYearInstant	165503000	JPY
Other ia	Prior1YearInstant	2233000	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 2025-02-28	pass rounding
balance sheet identity	consolidated 2026-02-28	pass rounding
balance sheet identity	non_consolidated 2025-02-28	pass
balance sheet identity	non_consolidated 2026-02-28	pass
dei present		pass
period resolution		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	consolidated 2026-02-28	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 assets	non_consolidated 2026-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · net income attributable to parent	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · operating cash flow	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · operating cash flow	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	consolidated 2025-03-01/2026-02-28	pass
statement vs summary · revenue	non_consolidated 2024-03-01/2025-02-28	pass
statement vs summary · revenue	non_consolidated 2025-03-01/2026-02-28	pass
statement vs summary · total assets	consolidated 2025-02-28	pass
statement vs summary · total assets	consolidated 2026-02-28	pass
statement vs summary · total assets	non_consolidated 2025-02-28	pass
statement vs summary · total assets	non_consolidated 2026-02-28	pass