Annual report

Period2024-12-01 → 2025-11-30
Filed2026-02-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 145
MetricValuePeriodScopeSource row
Revenue¥6.3bn2024-12-01 → 2025-11-30Cons.Net sales
Revenue¥7.2bn2023-12-01 → 2024-11-30Cons.Net sales
Revenue¥7.2bn2022-12-01 → 2023-11-30vCons.Net sales (5-year summary)
Revenue¥6.9bn2021-12-01 → 2022-11-30vCons.Net sales (5-year summary)
Revenue¥8.4bn2020-12-01 → 2021-11-30dCons.Net sales (5-year summary)
Operating income−¥123m2024-12-01 → 2025-11-30Cons.Operating income
Operating income−¥27m2023-12-01 → 2024-11-30Cons.Operating income
Ordinary income−¥8m2024-12-01 → 2025-11-30Cons.Ordinary income
Ordinary income¥20m2023-12-01 → 2024-11-30Cons.Ordinary income
Ordinary income−¥178m2022-12-01 → 2023-11-30vCons.Ordinary income loss (5-year summary)
Ordinary income−¥266m2021-12-01 → 2022-11-30vCons.Ordinary income loss (5-year summary)
Ordinary income−¥70m2020-12-01 → 2021-11-30dCons.Ordinary income loss (5-year summary)
Profit before tax¥548m2024-12-01 → 2025-11-30Cons.Income before income taxes
Profit before tax¥240m2023-12-01 → 2024-11-30Cons.Income before income taxes
Net income (owners)¥403m2024-12-01 → 2025-11-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥209m2023-12-01 → 2024-11-30Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.2bn2022-12-01 → 2023-11-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥566m2021-12-01 → 2022-11-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥5m2020-12-01 → 2021-11-30dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥402m2024-12-01 → 2025-11-30Cons.Profit loss
Net income¥206m2023-12-01 → 2024-11-30Cons.Profit loss
Total assets¥8.5bnat 2025-11-30Cons.Assets
Total assets¥8.1bnat 2024-11-30Cons.Assets
Total assets¥8.2bnat 2023-11-30vCons.Total assets (5-year summary)
Total assets¥8.5bnat 2022-11-30vCons.Total assets (5-year summary)
Total assets¥9.6bnat 2021-11-30dCons.Total assets (5-year summary)
Total liabilities¥3.7bnat 2025-11-30Cons.Liabilities
Total liabilities¥3.5bnat 2024-11-30Cons.Liabilities
Net assets / equity¥4.9bnat 2025-11-30Cons.Net assets
Net assets / equity¥4.6bnat 2024-11-30Cons.Net assets
Net assets / equity¥4.3bnat 2023-11-30vCons.Net assets
Net assets / equity¥2.9bnat 2022-11-30vCons.Net assets (5-year summary)
Net assets / equity¥3.4bnat 2021-11-30dCons.Net assets (5-year summary)
Cash and deposits¥1.5bnat 2025-11-30Cons.Cash and deposits
Cash and deposits¥908mat 2024-11-30Cons.Cash and deposits
Cash & equivalents¥1.0bnat 2025-11-30Cons.Cash and cash equivalents
Cash & equivalents¥758mat 2024-11-30Cons.Cash and cash equivalents
Cash & equivalents¥1.2bnat 2023-11-30vCons.Cash and cash equivalents
Cash & equivalents¥599mat 2022-11-30vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥770mat 2021-11-30dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥76m2024-12-01 → 2025-11-30Cons.Net cash provided by used in operating activities
Operating cash flow−¥249m2023-12-01 → 2024-11-30Cons.Net cash provided by used in operating activities
Operating cash flow−¥428m2022-12-01 → 2023-11-30vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥181m2021-12-01 → 2022-11-30vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥290m2020-12-01 → 2021-11-30dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥208m2024-12-01 → 2025-11-30Cons.Net cash provided by used in investment activities
Investing cash flow−¥82m2023-12-01 → 2024-11-30Cons.Net cash provided by used in investment activities
Investing cash flow¥3.0bn2022-12-01 → 2023-11-30vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥239m2021-12-01 → 2022-11-30vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥27m2020-12-01 → 2021-11-30dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥16m2024-12-01 → 2025-11-30Cons.Net cash provided by used in financing activities
Financing cash flow−¥62m2023-12-01 → 2024-11-30Cons.Net cash provided by used in financing activities
Financing cash flow−¥2.0bn2022-12-01 → 2023-11-30vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥591m2021-12-01 → 2022-11-30vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥118m2020-12-01 → 2021-11-30dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥237.752024-12-01 → 2025-11-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥122.922023-12-01 → 2024-11-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥713.112022-12-01 → 2023-11-30vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-332.282021-12-01 → 2022-11-30vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-3.152020-12-01 → 2021-11-30dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥2,904.34at 2025-11-30Cons.Net assets per share (5-year summary)
Net assets per share¥2,686.13at 2024-11-30Cons.Net assets per share (5-year summary)
Net assets per share¥2,508.09at 2023-11-30vCons.Net assets per share (5-year summary)
Net assets per share¥1,706.8at 2022-11-30vCons.Net assets per share (5-year summary)
Net assets per share¥1,979.53at 2021-11-30dCons.Net assets per share (5-year summary)
Equity ratio56.7%at 2025-11-30Cons.Equity to asset ratio (5-year summary)
Equity ratio56.8%at 2024-11-30Cons.Equity to asset ratio (5-year summary)
Equity ratio52.1%at 2023-11-30vCons.Equity to asset ratio (5-year summary)
Equity ratio34.1%at 2022-11-30vCons.Equity to asset ratio (5-year summary)
Equity ratio35.0%at 2021-11-30dCons.Equity to asset ratio (5-year summary)
ROE8.6%2024-12-01 → 2025-11-30Cons.Rate of return on equity (5-year summary)
ROE4.7%2023-12-01 → 2024-11-30Cons.Rate of return on equity (5-year summary)
ROE33.8%2022-12-01 → 2023-11-30vCons.Rate of return on equity (5-year summary)
ROE-18.0%2021-12-01 → 2022-11-30vCons.Rate of return on equity (5-year summary)
ROE-0.2%2020-12-01 → 2021-11-30dCons.Rate of return on equity (5-year summary)
Employees264at 2025-11-30Cons.Number of employees
Employees254at 2024-11-30Cons.Number of employees
Employees257at 2023-11-30vCons.Number of employees
Employees264at 2022-11-30vCons.Number of employees
Employees279at 2021-11-30dCons.Number of employees
Revenue¥6.4bn2024-12-01 → 2025-11-30StandaloneNet sales
Revenue¥7.2bn2023-12-01 → 2024-11-30StandaloneNet sales
Revenue¥7.2bn2022-12-01 → 2023-11-30vStandaloneNet sales (5-year summary)
Revenue¥6.9bn2021-12-01 → 2022-11-30vStandaloneNet sales (5-year summary)
Revenue¥8.3bn2020-12-01 → 2021-11-30dStandaloneNet sales (5-year summary)
Operating income−¥134m2024-12-01 → 2025-11-30StandaloneOperating income
Operating income¥4m2023-12-01 → 2024-11-30StandaloneOperating income
Ordinary income−¥123m2024-12-01 → 2025-11-30StandaloneOrdinary income
Ordinary income¥33m2023-12-01 → 2024-11-30StandaloneOrdinary income
Ordinary income−¥150m2022-12-01 → 2023-11-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥271m2021-12-01 → 2022-11-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥68m2020-12-01 → 2021-11-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥432m2024-12-01 → 2025-11-30StandaloneIncome before income taxes
Profit before tax¥215m2023-12-01 → 2024-11-30StandaloneIncome before income taxes
Net income¥286m2024-12-01 → 2025-11-30StandaloneProfit loss
Net income¥181m2023-12-01 → 2024-11-30StandaloneProfit loss
Net income¥1.2bn2022-12-01 → 2023-11-30vStandaloneNet income loss (5-year summary)
Net income−¥565m2021-12-01 → 2022-11-30vStandaloneNet income loss (5-year summary)
Net income−¥58m2020-12-01 → 2021-11-30dStandaloneNet income loss (5-year summary)
Total assets¥8.0bnat 2025-11-30StandaloneAssets
Total assets¥7.6bnat 2024-11-30StandaloneAssets
Total assets¥7.8bnat 2023-11-30vStandaloneTotal assets (5-year summary)
Total assets¥8.1bnat 2022-11-30vStandaloneTotal assets (5-year summary)
Total assets¥9.2bnat 2021-11-30dStandaloneTotal assets (5-year summary)
Total liabilities¥3.7bnat 2025-11-30StandaloneLiabilities
Total liabilities¥3.4bnat 2024-11-30StandaloneLiabilities
Net assets / equity¥4.3bnat 2025-11-30StandaloneNet assets
Net assets / equity¥4.2bnat 2024-11-30StandaloneNet assets
Net assets / equity¥3.9bnat 2023-11-30vStandaloneNet assets
Net assets / equity¥2.5bnat 2022-11-30vStandaloneNet assets (5-year summary)
Net assets / equity¥3.0bnat 2021-11-30dStandaloneNet assets (5-year summary)
Cash and deposits¥1.5bnat 2025-11-30StandaloneCash and deposits
Cash and deposits¥857mat 2024-11-30StandaloneCash and deposits
EPS (basic)¥168.962024-12-01 → 2025-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥106.452023-12-01 → 2024-11-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥720.752022-12-01 → 2023-11-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-331.672021-12-01 → 2022-11-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-33.792020-12-01 → 2021-11-30dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥402024-12-01 → 2025-11-30StandaloneDividend paid per share (5-year summary)
Dividend per share¥202023-12-01 → 2024-11-30StandaloneDividend paid per share (5-year summary)
Net assets per share¥2,583.34at 2025-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥2,441.66at 2024-11-30StandaloneNet assets per share (5-year summary)
Net assets per share¥2,280.43at 2023-11-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,471.89at 2022-11-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,744.08at 2021-11-30dStandaloneNet assets per share (5-year summary)
Equity ratio54.0%at 2025-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio54.8%at 2024-11-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio49.9%at 2023-11-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio30.8%at 2022-11-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio32.4%at 2021-11-30dStandaloneEquity to asset ratio (5-year summary)
ROE6.8%2024-12-01 → 2025-11-30StandaloneRate of return on equity (5-year summary)
ROE4.5%2023-12-01 → 2024-11-30StandaloneRate of return on equity (5-year summary)
ROE38.4%2022-12-01 → 2023-11-30vStandaloneRate of return on equity (5-year summary)
ROE-20.6%2021-12-01 → 2022-11-30vStandaloneRate of return on equity (5-year summary)
ROE-1.9%2020-12-01 → 2021-11-30dStandaloneRate of return on equity (5-year summary)
Shares issued1,857,000at 2025-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued1,857,000at 2024-11-30StandaloneTotal number of issued shares (5-year summary)
Shares issued1,857,000at 2023-11-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,857,000at 2022-11-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,857,000at 2021-11-30dStandaloneTotal number of issued shares (5-year summary)
Employees248at 2025-11-30StandaloneNumber of employees
Employees240at 2024-11-30StandaloneNumber of employees
Employees238at 2023-11-30vStandaloneNumber of employees
Employees246at 2022-11-30vStandaloneNumber of employees
Employees260at 2021-11-30dStandaloneNumber 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 · 44
SegmentItemPeriodValue
Reconciling Itemsreconcilingdepreciation2024-12-01 → 2025-11-30¥5m
Reconciling Itemsreconcilingsegment assetsat 2025-11-30¥2.1bn
Reconciling Itemsreconcilingsegment profit2024-12-01 → 2025-11-30−¥268m
Furniture Relatedreportable segmentcapex2024-12-01 → 2025-11-30¥66m
Furniture Relatedreportable segmentdepreciation2024-12-01 → 2025-11-30¥105m
Furniture Relatedreportable segmentrevenue2024-12-01 → 2025-11-30¥4.7bn
Furniture Relatedreportable segmentrevenue external2024-12-01 → 2025-11-30¥4.7bn
Furniture Relatedreportable segmentsegment assetsat 2025-11-30¥5.1bn
Furniture Relatedreportable segmentsegment profit2024-12-01 → 2025-11-30¥295m
Interior Installations Relatedreportable segmentcapex2024-12-01 → 2025-11-30¥9m
Interior Installations Relatedreportable segmentdepreciation2024-12-01 → 2025-11-30¥47m
Interior Installations Relatedreportable segmentrevenue2024-12-01 → 2025-11-30¥1.6bn
Interior Installations Relatedreportable segmentrevenue external2024-12-01 → 2025-11-30¥1.6bn
Interior Installations Relatedreportable segmentsegment assetsat 2025-11-30¥1.3bn
Interior Installations Relatedreportable segmentsegment profit2024-12-01 → 2025-11-30−¥150m
—segment totalemployeesat 2025-11-30244 pure
Total Of Reportable Segments And Otherssegment totalcapex2024-12-01 → 2025-11-30¥75m
Total Of Reportable Segments And Otherssegment totaldepreciation2024-12-01 → 2025-11-30¥152m
Total Of Reportable Segments And Otherssegment totalrevenue2024-12-01 → 2025-11-30¥6.3bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-12-01 → 2025-11-30¥6.3bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-11-30¥6.4bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-12-01 → 2025-11-30¥145m
Reconciling Itemsreconcilingdepreciation2023-12-01 → 2024-11-30¥4m
Reconciling Itemsreconcilingsegment assetsat 2024-11-30¥1.4bn
Reconciling Itemsreconcilingsegment profit2023-12-01 → 2024-11-30−¥240m
Furniture Relatedreportable segmentcapex2023-12-01 → 2024-11-30¥177m
Furniture Relatedreportable segmentdepreciation2023-12-01 → 2024-11-30¥79m
Furniture Relatedreportable segmentrevenue2023-12-01 → 2024-11-30¥5.3bn
Furniture Relatedreportable segmentrevenue external2023-12-01 → 2024-11-30¥5.3bn
Furniture Relatedreportable segmentsegment assetsat 2024-11-30¥4.6bn
Furniture Relatedreportable segmentsegment profit2023-12-01 → 2024-11-30¥336m
Interior Installations Relatedreportable segmentcapex2023-12-01 → 2024-11-30¥236m
Interior Installations Relatedreportable segmentdepreciation2023-12-01 → 2024-11-30¥56m
Interior Installations Relatedreportable segmentrevenue2023-12-01 → 2024-11-30¥1.9bn
Interior Installations Relatedreportable segmentrevenue external2023-12-01 → 2024-11-30¥1.9bn
Interior Installations Relatedreportable segmentsegment assetsat 2024-11-30¥2.1bn
Interior Installations Relatedreportable segmentsegment profit2023-12-01 → 2024-11-30−¥124m
Total Of Reportable Segments And Otherssegment totalcapex2023-12-01 → 2024-11-30¥413m
Total Of Reportable Segments And Otherssegment totaldepreciation2023-12-01 → 2024-11-30¥134m
Total Of Reportable Segments And Otherssegment totalrevenue2023-12-01 → 2024-11-30¥7.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2023-12-01 → 2024-11-30¥7.2bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2024-11-30¥6.7bn
Total Of Reportable Segments And Otherssegment totalsegment profit2023-12-01 → 2024-11-30¥212m
—segment totalemployeesat 2025-11-30228 pure

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

All source rows · 1,650
ItemContextValueUnit
Stationery expenses and communication expenses sgaCurrentYearDuration61986000JPY
Warehousing fee sgaPrior1YearDuration44276000JPY
Warehousing fee sgaCurrentYearDuration42257000JPY
Taxes and dues sgaPrior1YearDuration49463000JPY
Taxes and dues sgaCurrentYearDuration53943000JPY
Depreciation sgaPrior1YearDuration37266000JPY
Depreciation sgaCurrentYearDuration37721000JPY
Rent expenses sgaPrior1YearDuration79093000JPY
Rent expenses sgaCurrentYearDuration81622000JPY
Provision for shareholder benefit program sgaPrior1YearDuration-JPY
Provision for shareholder benefit program sgaCurrentYearDuration4335000JPY
Allowance for doubtful accounts and bad debt expenses sgaPrior1YearDuration30000JPY
Allowance for doubtful accounts and bad debt expenses sgaCurrentYearDuration-9000JPY
Other sgaPrior1YearDuration165300000JPY
Other sgaCurrentYearDuration202226000JPY
Selling general and administrative expensesPrior1YearDuration1573773000JPY
Selling general and administrative expensesCurrentYearDuration1628117000JPY
Operating incomePrior1YearDuration-27221000JPY
Operating incomeCurrentYearDuration-122945000JPY
Interest income noiPrior1YearDuration59000JPY
Interest income noiCurrentYearDuration1238000JPY
Dividends income noiPrior1YearDuration25950000JPY
Dividends income noiCurrentYearDuration28068000JPY
Equity in earnings of affiliates noiPrior1YearDuration25667000JPY
Equity in earnings of affiliates noiCurrentYearDuration108268000JPY
Purchase discounts noiPrior1YearDuration4577000JPY
Purchase discounts noiCurrentYearDuration4507000JPY
Business advisory fee income noiPrior1YearDuration15636000JPY
Business advisory fee income noiCurrentYearDuration-JPY
Miscellaneous income noiPrior1YearDuration3633000JPY
Miscellaneous income noiCurrentYearDuration2587000JPY
Non operating incomePrior1YearDuration75525000JPY
Non operating incomeCurrentYearDuration144670000JPY
Interest expenses noePrior1YearDuration15362000JPY
Interest expenses noeCurrentYearDuration17520000JPY
Loss on sales of notes payable noePrior1YearDuration2461000JPY
Loss on sales of notes payable noeCurrentYearDuration1549000JPY
Commission fee noePrior1YearDuration4422000JPY
Commission fee noeCurrentYearDuration7672000JPY
Miscellaneous expenses noePrior1YearDuration6470000JPY
Miscellaneous expenses noeCurrentYearDuration2714000JPY
Non operating expensesPrior1YearDuration28717000JPY
Non operating expensesCurrentYearDuration29457000JPY
Ordinary incomePrior1YearDuration19586000JPY
Ordinary incomeCurrentYearDuration-7732000JPY
Gain on sales of noncurrent assets eiPrior1YearDuration-JPY
Gain on sales of noncurrent assets eiCurrentYearDuration388000JPY
Gain on sales of investment securities eiPrior1YearDuration220889000JPY
Gain on sales of investment securities eiCurrentYearDuration563078000JPY
Extraordinary incomePrior1YearDuration220889000JPY

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 2024-11-30pass rounding
balance sheet identityconsolidated 2025-11-30pass rounding
balance sheet identitynon_consolidated 2024-11-30pass rounding
balance sheet identitynon_consolidated 2025-11-30pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-11-30pass
statement vs summary · net assetsconsolidated 2024-11-30pass
statement vs summary · net assetsconsolidated 2025-11-30pass
statement vs summary · net assetsnon_consolidated 2023-11-30pass
statement vs summary · net assetsnon_consolidated 2024-11-30pass
statement vs summary · net assetsnon_consolidated 2025-11-30pass
statement vs summary · net income attributable to parentconsolidated 2023-12-01/2024-11-30pass
statement vs summary · net income attributable to parentconsolidated 2024-12-01/2025-11-30pass
statement vs summary · operating cash flowconsolidated 2023-12-01/2024-11-30pass
statement vs summary · operating cash flowconsolidated 2024-12-01/2025-11-30pass
statement vs summary · revenueconsolidated 2023-12-01/2024-11-30pass
statement vs summary · revenueconsolidated 2024-12-01/2025-11-30pass
statement vs summary · revenuenon_consolidated 2023-12-01/2024-11-30pass
statement vs summary · revenuenon_consolidated 2024-12-01/2025-11-30pass
statement vs summary · total assetsconsolidated 2024-11-30pass
statement vs summary · total assetsconsolidated 2025-11-30pass
statement vs summary · total assetsnon_consolidated 2024-11-30pass
statement vs summary · total assetsnon_consolidated 2025-11-30pass