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
Allowance for doubtful accounts ca	CurrentYearInstant	-21000000	JPY
Current assets	Prior1YearInstant	8676000000	JPY
Current assets	CurrentYearInstant	9145000000	JPY
Buildings and structures net	Prior1YearInstant	4701000000	JPY
Buildings and structures net	CurrentYearInstant	5149000000	JPY
Machinery equipment and vehicles net	Prior1YearInstant	405000000	JPY
Machinery equipment and vehicles net	CurrentYearInstant	415000000	JPY
Land	Prior1YearInstant	2651000000	JPY
Land	CurrentYearInstant	3949000000	JPY
Lease assets net ppe	Prior1YearInstant	743000000	JPY
Lease assets net ppe	CurrentYearInstant	999000000	JPY
Construction in progress	Prior1YearInstant	379000000	JPY
Construction in progress	CurrentYearInstant	1000000	JPY
Other net ppe	Prior1YearInstant	17000000	JPY
Other net ppe	CurrentYearInstant	23000000	JPY
Property plant and equipment	Prior1YearInstant	8898000000	JPY
Property plant and equipment	CurrentYearInstant	10538000000	JPY
Intangible assets	Prior1YearInstant	21000000	JPY
Intangible assets	CurrentYearInstant	12000000	JPY
Other ioa	Prior1YearInstant	626000000	JPY
Other ioa	CurrentYearInstant	627000000	JPY
Allowance for doubtful accounts ioa by group	Prior1YearInstant	－	JPY
Allowance for doubtful accounts ioa by group	CurrentYearInstant	-57000000	JPY
Investments and other assets	Prior1YearInstant	626000000	JPY
Investments and other assets	CurrentYearInstant	570000000	JPY
Noncurrent assets	Prior1YearInstant	9546000000	JPY
Noncurrent assets	CurrentYearInstant	11121000000	JPY
Assets	Prior1YearInstant	18222000000	JPY
Assets	CurrentYearInstant	20266000000	JPY
Operating accounts payable	Prior1YearInstant	1922000000	JPY
Operating accounts payable	CurrentYearInstant	2217000000	JPY
Short term loans payable	Prior1YearInstant	1000000000	JPY
Short term loans payable	CurrentYearInstant	500000000	JPY
Current portion of long term loans payable	Prior1YearInstant	664000000	JPY
Current portion of long term loans payable	CurrentYearInstant	811000000	JPY
Lease obligations cl	Prior1YearInstant	274000000	JPY
Lease obligations cl	CurrentYearInstant	364000000	JPY
Accrued expenses	Prior1YearInstant	1085000000	JPY
Accrued expenses	CurrentYearInstant	1211000000	JPY
Income taxes payable	Prior1YearInstant	506000000	JPY
Income taxes payable	CurrentYearInstant	348000000	JPY
Other cl	Prior1YearInstant	1012000000	JPY
Other cl	CurrentYearInstant	733000000	JPY
Current liabilities	Prior1YearInstant	6467000000	JPY
Current liabilities	CurrentYearInstant	6187000000	JPY
Long term loans payable	Prior1YearInstant	3443000000	JPY
Long term loans payable	CurrentYearInstant	4289000000	JPY
Lease obligations ncl	Prior1YearInstant	559000000	JPY
Lease obligations ncl	CurrentYearInstant	818000000	JPY
Net defined benefit liability	Prior1YearInstant	84000000	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