Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-30
StandardIFRS
ConsolidatedYes
Data checks21 of 22 passed
Key figures · 162
MetricValuePeriodScopeSource row
Revenue¥11.9bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥5.1bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥2.5bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥1.1bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Operating income¥2.3bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥1.3bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Ordinary income¥373m2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥2.1bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥1.2bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥605m2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥124m2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥1.5bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥838m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥240m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥480m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥69m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥1.5bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥866m2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Net income¥479m2023-01-01 → 2023-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥69m2022-01-01 → 2022-12-31vCons.Profit loss IFRS (5-year summary)
Total assets¥26.5bnat 2025-12-31Cons.Assets IFRS
Total assets¥21.7bnat 2024-12-31Cons.Assets IFRS
Total assets¥9.4bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥11.0bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥3.2bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥996mat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥19.7bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥15.6bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥6.7bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥6.0bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥3.3bnat 2023-12-31vCons.Equity IFRS
Net assets / equity¥3.1bnat 2023-12-31vCons.Net assets (5-year summary)
Equity (owners)¥7.5bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥6.7bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥3.2bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥690mat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥477mat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥8.1bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥6.2bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥4.0bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥978mat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥602mat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥1.2bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥916m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥848m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥878m2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥121m2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥3.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥3.3bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3.4bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥1.4bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow¥4.1bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥4.4bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥5.6bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥5.6bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥1.7bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥118.472025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥72.112024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥47.392023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥46.472023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥8.372022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥112.492025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥67.272024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥45.292023-01-01 → 2023-12-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥44.442023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥7.762022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥617.86at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥543.26at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥568.64at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥302.21at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥83.17at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥58.23at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio28.5%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio30.7%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio31.9%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio29.0%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio21.3%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio47.9%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE20.4%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE17.0%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE24.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE11.9%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
Employees489at 2025-12-31Cons.Number of employees
Employees149at 2024-12-31Cons.Number of employees
Employees153at 2023-12-31vCons.Number of employees
Employees39at 2022-12-31vCons.Number of employees
Employees26at 2021-12-31dCons.Number of employees
Revenue¥1.3bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥2.0bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥1.5bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.1bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥661m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥203m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥131m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥513m2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥500m2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥320m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥216m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥149m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥35m2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥463m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥264m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥246m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥247m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥188m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥152m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥18.2bnat 2025-12-31StandaloneAssets
Total assets¥13.8bnat 2024-12-31StandaloneAssets
Total assets¥8.8bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥2.9bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥843mat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥13.0bnat 2025-12-31StandaloneLiabilities
Total liabilities¥8.1bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥5.2bnat 2025-12-31StandaloneNet assets
Net assets / equity¥5.8bnat 2024-12-31StandaloneNet assets
Net assets / equity¥3.0bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥724mat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥492mat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥5.2bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥4.3bnat 2024-12-31StandaloneCash and deposits
Cash & equivalents¥978mat 2022-12-31vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥602mat 2021-12-31dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥58m2022-01-01 → 2022-12-31vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥103m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.4bn2022-01-01 → 2022-12-31vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥16m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥1.8bn2022-01-01 → 2022-12-31vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow¥189m2021-01-01 → 2021-12-31dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥-21.62025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥21.172024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.972023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥22.72022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥19.642021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥19.542024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥22.922023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥21.032022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥17.992021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥425.6at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥469.59at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥284.59at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥87.28at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥60.01at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio28.5%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio41.7%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio33.9%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio25.3%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio58.3%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE5.6%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE13.3%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE30.9%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE55.5%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued12,409,400at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued12,260,600at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued10,546,600at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,292,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued8,196,400at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees44at 2025-12-31StandaloneNumber of employees
Employees41at 2024-12-31StandaloneNumber of employees
Employees54at 2023-12-31vStandaloneNumber of employees
Employees39at 2022-12-31vStandaloneNumber of employees
Employees26at 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 · 1,514
ItemContextValueUnit
Total shareholder returnPrior2YearInstant_NonConsolidatedMember0.518
Total shareholder returnPrior1YearInstant_NonConsolidatedMember0.601
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.683
Total return on share price indexPrior4YearInstant_NonConsolidatedMember-
Total return on share price indexPrior3YearInstant_NonConsolidatedMember0.976
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.251
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.507
Total return on share price indexCurrentYearInstant_NonConsolidatedMember1.891
Number of employeesCurrentYearInstant489
Average number of temporary workersCurrentYearInstant411
Number of employeesCurrentYearInstant_NonConsolidatedMember44
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember32
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember35.8
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember2.6
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember5508000JPY
Capital expenditures overview of capital expenditures etcCurrentYearDuration243868000JPY
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember12409400
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant_OrdinaryShareMember12409400
Number of issued shares as of fiscal year end issued shares total number of shares etcFilingDateInstant12409400
Number of issued shares as of filing date issued shares total number of shares etcFilingDateInstant12409400
Number of shares constituting one unitCurrentYearInstant_OrdinaryShareMember100
Number of shareholders national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shareholders financial institutionsCurrentYearInstant_OrdinaryShareMember3
Number of shareholders financial service providersCurrentYearInstant_OrdinaryShareMember27
Number of shareholders other corporationsCurrentYearInstant_OrdinaryShareMember49
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember42
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember11
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember4537
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember4669
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember6111
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember9975
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember9286
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember10748
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember61
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember87840
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember124021
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember7300
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.049
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.080
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.075
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.087
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.001
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.708
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember4792600
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.3926
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember520300
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0426
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember448800

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 · 21 of 22 passed
balance sheet identityconsolidated 2024-12-31pass rounding
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31mismatch
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