Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 158
MetricValuePeriodScopeSource row
Revenue¥100.6bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥60.0bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥42.6bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥33.7bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥24.8bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income¥9.0bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥4.7bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥8.5bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥4.2bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥2.8bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥3.7bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.3bn2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥8.3bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥4.2bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥5.3bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.4bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.5bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.3bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.3bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥5.3bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥2.4bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥54.7bnat 2025-12-31Cons.Assets
Total assets¥46.4bnat 2024-12-31Cons.Assets
Total assets¥21.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥17.6bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥10.3bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥33.3bnat 2025-12-31Cons.Liabilities
Total liabilities¥33.9bnat 2024-12-31Cons.Liabilities
Net assets / equity¥21.4bnat 2025-12-31Cons.Net assets
Net assets / equity¥12.5bnat 2024-12-31Cons.Net assets
Net assets / equity¥8.6bnat 2023-12-31vCons.Net assets
Net assets / equity¥8.2bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥4.6bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥20.0bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥13.2bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥20.0bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥13.2bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥7.7bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥7.0bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥4.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥7.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.2bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.0bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.1bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥14.4bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.6bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.3bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥450m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥395m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥17.8bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.1bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.6bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥479m2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥175.382025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥83.972024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥50.052023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥79.142022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥46.632021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥173.392025-01-01 → 2025-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥83.632024-01-01 → 2024-12-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥49.782023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥78.292022-01-01 → 2022-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥45.712021-01-01 → 2021-12-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥677.58at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥416.02at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥294.75at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥280.19at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥159.67at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio38.2%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio26.2%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio39.5%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio46.2%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio44.0%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
ROE31.9%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE23.4%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE17.5%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE35.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE33.9%2021-01-01 → 2021-12-31dCons.Rate of return on equity (5-year summary)
Employees2,466at 2025-12-31Cons.Number of employees
Employees2,336at 2024-12-31Cons.Number of employees
Employees1,413at 2023-12-31vCons.Number of employees
Employees1,088at 2022-12-31vCons.Number of employees
Employees840at 2021-12-31dCons.Number of employees
Revenue¥41.1bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥33.2bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥27.7bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥24.9bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥18.9bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥2.2bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥2.0bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥2.9bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.6bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥723m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.4bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.7bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥2.7bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥1.7bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥2.2bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥1.2bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥477m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.6bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥1.1bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥43.1bnat 2025-12-31StandaloneAssets
Total assets¥38.9bnat 2024-12-31StandaloneAssets
Total assets¥16.3bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥14.7bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥9.3bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥27.9bnat 2025-12-31StandaloneLiabilities
Total liabilities¥29.5bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥15.2bnat 2025-12-31StandaloneNet assets
Net assets / equity¥9.4bnat 2024-12-31StandaloneNet assets
Net assets / equity¥6.7bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥7.3bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥4.4bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥13.6bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥8.7bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥72.352025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥40.682024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥16.412023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥55.612022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥38.662021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥71.522025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥40.512024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥16.322023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥55.022022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥37.892021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥252025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥252023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥202022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥142021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥476.24at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥309.54at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥229.3at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥249.49at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥151.95at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio34.1%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio23.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio40.1%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio49.3%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio46.1%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE18.3%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE15.0%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE6.9%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE27.6%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE28.9%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued30,877,880at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued14,624,620at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued14,585,640at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued14,546,728at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued14,162,284at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees1,254at 2025-12-31StandaloneNumber of employees
Employees1,197at 2024-12-31StandaloneNumber of employees
Employees1,127at 2023-12-31vStandaloneNumber of employees
Employees892at 2022-12-31vStandaloneNumber of employees
Employees745at 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.

All source rows · 1,419
ItemContextValueUnit
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember151.95
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember249.49
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember229.30
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember309.54
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember476.24
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember14.00
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember20.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember25.00
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember25.00
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember38.66
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember55.61
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember16.41
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember40.68
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember72.35
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember37.89
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember55.02
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember16.32
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember40.51
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember71.52
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.4610
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.4926
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.4014
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.2326
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.3406
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.2889
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.2758
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.0690
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.1497
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.1831
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember42.68
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember48.19
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember97.96
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember66.74
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember67.04
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember0.1811
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.1798
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.7617
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember0.3687
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember0.4147
Number of employeesPrior4YearInstant_NonConsolidatedMember745
Number of employeesPrior3YearInstant_NonConsolidatedMember892
Number of employeesPrior2YearInstant_NonConsolidatedMember1127
Number of employeesPrior1YearInstant_NonConsolidatedMember1197
Number of employeesCurrentYearInstant_NonConsolidatedMember1254

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 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
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