Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-22
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 135
MetricValuePeriodScopeSource row
Revenue¥2.5bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥1.8bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥1.3bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥3.5bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥4.2bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥91m2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥135m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥57m2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥10m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income−¥19m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.0bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥609m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥55m2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥21m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥98m2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥46m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥41m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.1bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥893m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥98m2025-04-01 → 2026-03-31Cons.Profit loss
Net income−¥46m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥9.8bnat 2026-03-31Cons.Assets
Total assets¥10.1bnat 2025-03-31Cons.Assets
Total assets¥8.3bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥7.6bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥2.6bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥8.2bnat 2026-03-31Cons.Liabilities
Total liabilities¥9.0bnat 2025-03-31Cons.Liabilities
Net assets / equity¥1.6bnat 2026-03-31Cons.Net assets
Net assets / equity¥1.1bnat 2025-03-31Cons.Net assets
Net assets / equity¥921mat 2024-03-31vCons.Net assets
Net assets / equity¥168mat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥120mat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥413mat 2026-03-31Cons.Cash and deposits
Cash and deposits¥204mat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥413mat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥204mat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥467mat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥56mat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥469mat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.1bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥331m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥67m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥38m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥273m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥602m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥328m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥158m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥648m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥257m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥266m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥503m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥991m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥277m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-0.382025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-0.192024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥0.172023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-6.252022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-6.072021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥0.172023-04-01 → 2024-03-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥5.98at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥4.43at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3.82at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥0.74at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥0.67at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio16.7%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio11.2%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio11.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio2.0%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio3.8%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE4.5%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
Employees34at 2026-03-31Cons.Number of employees
Employees30at 2025-03-31Cons.Number of employees
Employees20at 2024-03-31vCons.Number of employees
Employees34at 2023-03-31vCons.Number of employees
Employees100at 2022-03-31vCons.Number of employees
Revenue¥503m2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥551m2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥506m2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥2.0bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥3.1bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥129m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥73m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥165m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income−¥88m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income−¥98m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥798m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥565m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥165m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax−¥89m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥171m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income−¥86m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥83m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥1.0bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥854m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥8.6bnat 2026-03-31StandaloneAssets
Total assets¥8.2bnat 2025-03-31StandaloneAssets
Total assets¥8.4bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥8.1bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥2.1bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥7.1bnat 2026-03-31StandaloneLiabilities
Total liabilities¥7.1bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥1.6bnat 2026-03-31StandaloneNet assets
Net assets / equity¥1.1bnat 2025-03-31StandaloneNet assets
Net assets / equity¥938mat 2024-03-31vStandaloneNet assets
Net assets / equity¥297mat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥155mat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥127mat 2026-03-31StandaloneCash and deposits
Cash and deposits¥99mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-0.662025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-0.342024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-0.352023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.732022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-5.812021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥5.64at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥4.34at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥3.89at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1.37at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥0.91at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio18.0%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio13.5%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio11.1%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio3.5%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio6.5%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
Shares issued275,393,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued255,784,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued239,784,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued203,184,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued147,460,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees20at 2026-03-31StandaloneNumber of employees
Employees20at 2025-03-31StandaloneNumber of employees
Employees20at 2024-03-31vStandaloneNumber of employees
Employees20at 2023-03-31vStandaloneNumber of employees
Employees44at 2022-03-31vStandaloneNumber 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 · 58
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-04-01 → 2026-03-31¥491,000
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥162m
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31−¥175,000
Apparelreportable segmentdepreciation2025-04-01 → 2026-03-31¥2m
Apparelreportable segmentemployeesat 2026-03-318 pure
Apparelreportable segmentrevenue2025-04-01 → 2026-03-31¥294m
Apparelreportable segmentrevenue external2025-04-01 → 2026-03-31¥294m
Apparelreportable segmentsegment assetsat 2026-03-31¥241m
Apparelreportable segmentsegment profit2025-04-01 → 2026-03-31−¥123m
Real Estatereportable segmentcapex2025-04-01 → 2026-03-31¥368m
Real Estatereportable segmentdepreciation2025-04-01 → 2026-03-31¥243m
Real Estatereportable segmentemployeesat 2026-03-3118 pure
Real Estatereportable segmentrevenue2025-04-01 → 2026-03-31¥2.2bn
Real Estatereportable segmentrevenue external2025-04-01 → 2026-03-31¥2.2bn
Real Estatereportable segmentsegment assetsat 2026-03-31¥9.4bn
Real Estatereportable segmentsegment profit2025-04-01 → 2026-03-31¥219m
Wearablereportable segmentcapex2025-04-01 → 2026-03-31¥1m
Wearablereportable segmentdepreciation2025-04-01 → 2026-03-31¥319,000
Wearablereportable segmentemployeesat 2026-03-313 pure
Wearablereportable segmentrevenue2025-04-01 → 2026-03-31¥39m
Wearablereportable segmentrevenue external2025-04-01 → 2026-03-31¥39m
Wearablereportable segmentsegment assetsat 2026-03-31¥61m
Wearablereportable segmentsegment profit2025-04-01 → 2026-03-31−¥5m
—segment totalcapex2025-04-01 → 2026-03-31¥369m
—segment totaldepreciation2025-04-01 → 2026-03-31¥245m
—segment totalrevenue2025-04-01 → 2026-03-31¥2.5bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥2.5bn
—segment totalsegment assetsat 2026-03-31¥9.7bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥91m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥85m
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥40m
Apparelreportable segmentcapex2024-04-01 → 2025-03-31¥700,000
Apparelreportable segmentdepreciation2024-04-01 → 2025-03-31¥2m
Apparelreportable segmentrevenue2024-04-01 → 2025-03-31¥358m
Apparelreportable segmentrevenue external2024-04-01 → 2025-03-31¥358m
Apparelreportable segmentsegment assetsat 2025-03-31¥307m
Apparelreportable segmentsegment profit2024-04-01 → 2025-03-31−¥98m
Real Estatereportable segmentcapex2024-04-01 → 2025-03-31¥1.9bn
Real Estatereportable segmentdepreciation2024-04-01 → 2025-03-31¥210m
Real Estatereportable segmentrevenue2024-04-01 → 2025-03-31¥1.4bn
Real Estatereportable segmentrevenue external2024-04-01 → 2025-03-31¥1.4bn
Real Estatereportable segmentsegment assetsat 2025-03-31¥9.6bn
Real Estatereportable segmentsegment profit2024-04-01 → 2025-03-31¥274m
Wearablereportable segmentcapex2024-04-01 → 2025-03-31¥792,000
Wearablereportable segmentdepreciation2024-04-01 → 2025-03-31¥153,000
Wearablereportable segmentrevenue2024-04-01 → 2025-03-31¥29m
Wearablereportable segmentrevenue external2024-04-01 → 2025-03-31¥29m
Wearablereportable segmentsegment assetsat 2025-03-31¥59m
Wearablereportable segmentsegment profit2024-04-01 → 2025-03-31−¥1m
—segment totalcapex2024-04-01 → 2025-03-31¥1.9bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥212m
—segment totalrevenue2024-04-01 → 2025-03-31¥1.8bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥1.8bn
—segment totalsegment assetsat 2025-03-31¥10.0bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥175m
Apparelreportable segmentemployeesat 2026-03-316 pure
Real Estatereportable segmentemployeesat 2026-03-316 pure
Wearablereportable segmentemployeesat 2026-03-313 pure

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

All source rows · 1,527
ItemContextValueUnit
Accounts payable otherPrior1YearInstant56659000JPY
Accounts payable otherCurrentYearInstant46551000JPY
Income taxes payablePrior1YearInstant56944000JPY
Income taxes payableCurrentYearInstant27866000JPY
Contract liabilitiesPrior1YearInstant11087000JPY
Contract liabilitiesCurrentYearInstant10331000JPY
Provision for bonusesPrior1YearInstant10122000JPY
Provision for bonusesCurrentYearInstant8595000JPY
Other clPrior1YearInstant91529000JPY
Other clCurrentYearInstant99360000JPY
Current liabilitiesPrior1YearInstant1325491000JPY
Current liabilitiesCurrentYearInstant1337122000JPY
Long term loans payablePrior1YearInstant7068037000JPY
Long term loans payableCurrentYearInstant6256312000JPY
Long term accounts payable otherPrior1YearInstant3286000JPY
Long term accounts payable otherCurrentYearInstant1628000JPY
Lease obligations nclPrior1YearInstant1307000JPY
Lease obligations nclCurrentYearInstant1021000JPY
Deferred tax liabilitiesPrior1YearInstant510809000JPY
Deferred tax liabilitiesCurrentYearInstant516496000JPY
Other nclPrior1YearInstant49684000JPY
Other nclCurrentYearInstant86905000JPY
Noncurrent liabilitiesPrior1YearInstant7633125000JPY
Noncurrent liabilitiesCurrentYearInstant6862364000JPY
LiabilitiesPrior1YearInstant8958616000JPY
LiabilitiesCurrentYearInstant8199486000JPY
Capital stockPrior1YearInstant3296666000JPY
Capital stockCurrentYearInstant386621000JPY
Capital surplusPrior1YearInstant2614748000JPY
Capital surplusCurrentYearInstant1341390000JPY
Retained earningsPrior1YearInstant-4774647000JPY
Retained earningsCurrentYearInstant-76168000JPY
Treasury stockPrior1YearInstant-4245000JPY
Treasury stockCurrentYearInstant-5278000JPY
Shareholders equityPrior1YearInstant1132521000JPY
Shareholders equityCurrentYearInstant1646566000JPY
Valuation difference on available for sale securitiesPrior1YearInstant77000JPY
Valuation difference on available for sale securitiesCurrentYearInstant80000JPY
Valuation and translation adjustmentsPrior1YearInstant77000JPY
Valuation and translation adjustmentsCurrentYearInstant80000JPY
Net assetsPrior1YearInstant1132598000JPY
Net assetsCurrentYearInstant1646646000JPY
Liabilities and net assetsPrior1YearInstant10091215000JPY
Liabilities and net assetsCurrentYearInstant9846132000JPY
Net salesPrior1YearDuration1758327000JPY
Net salesCurrentYearDuration2533118000JPY
Cost of salesPrior1YearDuration1031793000JPY
Cost of salesCurrentYearDuration1783909000JPY
Gross profitPrior1YearDuration726534000JPY
Gross profitCurrentYearDuration749208000JPY

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 2025-03-31pass rounding
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass