Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-24

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100Y37Z (2026-05-12).

Key figures · 154

Metric	Value	Period	Scope	Source row
Revenue	¥33.5bn	2025-01-01 → 2025-12-31	Cons.	Operating revenue1
Revenue	¥30.2bn	2024-01-01 → 2024-12-31	Cons.	Operating revenue1
Revenue	¥26.3bn	2023-01-01 → 2023-12-31^v	Cons.	Operating revenue1 (5-year summary)
Revenue	¥23.0bn	2022-01-01 → 2022-12-31^v	Cons.	Operating revenue1 (5-year summary)
Revenue	¥20.0bn	2021-01-01 → 2021-12-31^d	Cons.	Operating revenue1 (5-year summary)
Operating income	¥2.3bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥2.2bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥2.3bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥2.3bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥1.8bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.4bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.3bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥2.3bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥1.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.4bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.1bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥873m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥851m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.6bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥1.5bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥20.3bn	at 2025-12-31	Cons.	Assets
Total assets	¥18.2bn	at 2024-12-31	Cons.	Assets
Total assets	¥16.8bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥14.6bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥14.1bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥11.6bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥10.7bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥8.7bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥7.5bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥6.2bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥5.1bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.3bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥5.0bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥5.0bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥4.6bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.8bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.0bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.6bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.8bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥2.2bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.5bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.9bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.3bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥1.5bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥2.1bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥767m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.6bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥524m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥269m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥974m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥161m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥940m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥802m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥58.18	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥57.47	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥47.64	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥37.6	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥37.32	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥46.72	2023-01-01 → 2023-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥36.46	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥35.72	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥337.77	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥294.74	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥248.1	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥208.93	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥179.32	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	40.1%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	38.9%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	35.1%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	33.7%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	29.4%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	18.3%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	21.1%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	20.7%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	19.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	22.6%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,012	at 2025-12-31	Cons.	Number of employees
Employees	956	at 2024-12-31	Cons.	Number of employees
Employees	941	at 2023-12-31^v	Cons.	Number of employees
Employees	897	at 2022-12-31^v	Cons.	Number of employees
Employees	901	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥2.5bn	2025-01-01 → 2025-12-31	Standalone	Operating revenue1
Revenue	¥2.3bn	2024-01-01 → 2024-12-31	Standalone	Operating revenue1
Revenue	¥2.0bn	2023-01-01 → 2023-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥1.9bn	2022-01-01 → 2022-12-31^v	Standalone	Operating revenue1 (5-year summary)
Revenue	¥1.6bn	2021-01-01 → 2021-12-31^d	Standalone	Operating revenue1 (5-year summary)
Operating income	¥804m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥742m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥807m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥893m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥649m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥544m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥349m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥806m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥895m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥754m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥802m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥589m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥482m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥303m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥10.7bn	at 2025-12-31	Standalone	Assets
Total assets	¥9.6bn	at 2024-12-31	Standalone	Assets
Total assets	¥9.3bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥8.2bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥7.8bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥6.6bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥5.9bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥4.1bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥3.8bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥3.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥2.7bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥2.3bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥182m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥295m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥31.29	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥33.57	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥24.69	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥20.78	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥13.31	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥24.5	2023-01-01 → 2023-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥20.15	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥12.74	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥13	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥44	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥34	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥26	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥23	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥172.09	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥155.82	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥131.8	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥113.79	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥99.07	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	38.6%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	38.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.9%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	32.7%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	29.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	19.0%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	23.2%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	20.2%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	19.4%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.9%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	24,100,000	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	24,100,000	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	23,850,000	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	23,510,000	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	23,140,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	47	at 2025-12-31	Standalone	Number of employees
Employees	49	at 2024-12-31	Standalone	Number of employees
Employees	44	at 2023-12-31^v	Standalone	Number of employees
Employees	44	at 2022-12-31^v	Standalone	Number of employees
Employees	48	at 2021-12-31^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.

All source rows · 1,352

Item	Context	Value	Unit
Other cl	Prior1YearInstant_NonConsolidatedMember	107000000	JPY
Other cl	CurrentYearInstant_NonConsolidatedMember	28000000	JPY
Current liabilities	Prior1YearInstant_NonConsolidatedMember	2308000000	JPY
Current liabilities	CurrentYearInstant_NonConsolidatedMember	2158000000	JPY
Long term loans payable	Prior1YearInstant_NonConsolidatedMember	3443000000	JPY
Long term loans payable	CurrentYearInstant_NonConsolidatedMember	4289000000	JPY
Deferred tax liabilities	Prior1YearInstant_NonConsolidatedMember	47000000	JPY
Deferred tax liabilities	CurrentYearInstant_NonConsolidatedMember	53000000	JPY
Other ncl	Prior1YearInstant_NonConsolidatedMember	88000000	JPY
Other ncl	CurrentYearInstant_NonConsolidatedMember	85000000	JPY
Noncurrent liabilities	Prior1YearInstant_NonConsolidatedMember	3579000000	JPY
Noncurrent liabilities	CurrentYearInstant_NonConsolidatedMember	4429000000	JPY
Liabilities	Prior1YearInstant_NonConsolidatedMember	5888000000	JPY
Liabilities	CurrentYearInstant_NonConsolidatedMember	6587000000	JPY
Capital stock	Prior1YearInstant_NonConsolidatedMember	696000000	JPY
Capital stock	CurrentYearInstant_NonConsolidatedMember	696000000	JPY
Legal capital surplus	Prior1YearInstant_NonConsolidatedMember	665000000	JPY
Legal capital surplus	CurrentYearInstant_NonConsolidatedMember	665000000	JPY
Capital surplus	Prior1YearInstant_NonConsolidatedMember	665000000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	665000000	JPY
Reserve for advanced depreciation of noncurrent assets	Prior1YearInstant_NonConsolidatedMember	63000000	JPY
Reserve for advanced depreciation of noncurrent assets	CurrentYearInstant_NonConsolidatedMember	63000000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	2305000000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	2685000000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	2368000000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	2749000000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-0	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-0	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	3729000000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	4110000000	JPY
Valuation difference on available for sale securities	Prior1YearInstant_NonConsolidatedMember	25000000	JPY
Valuation difference on available for sale securities	CurrentYearInstant_NonConsolidatedMember	37000000	JPY
Valuation and translation adjustments	Prior1YearInstant_NonConsolidatedMember	25000000	JPY
Valuation and translation adjustments	CurrentYearInstant_NonConsolidatedMember	37000000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	3755000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	4147000000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	9643000000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	10734000000	JPY
Operating revenue1	Prior1YearDuration_NonConsolidatedMember	2338000000	JPY
Operating revenue1	CurrentYearDuration_NonConsolidatedMember	2547000000	JPY
Operating cost	Prior1YearDuration_NonConsolidatedMember	457000000	JPY
Operating cost	CurrentYearDuration_NonConsolidatedMember	498000000	JPY
Operating gross profit	Prior1YearDuration_NonConsolidatedMember	1880000000	JPY
Operating gross profit	CurrentYearDuration_NonConsolidatedMember	2049000000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	1138000000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1244000000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	742000000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	804000000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	6000000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	3000000	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 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass