Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-30

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 150

Metric	Value	Period	Scope	Source row
Revenue	¥1.9bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥2.1bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥2.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥2.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥2.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	−¥113m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥22m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥110m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥28m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥174m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥219m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥253m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥110m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥28m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥181m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥21m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥123m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥150m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥145m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥181m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥21m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥1.5bn	at 2025-12-31	Cons.	Assets
Total assets	¥1.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥1.8bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥1.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥1.9bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥621m	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥663m	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥852m	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥1.1bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥1.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥501m	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥964m	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥1.1bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥854m	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥963m	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.0bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥1.0bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥1.1bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥18m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥68m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥206m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥165m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥234m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥23m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥37m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥100m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥90m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥43m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥67m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥96m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥138m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥172m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥640m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-136.68	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥15.79	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥93.27	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥116.64	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥161.23	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥15.77	2024-01-01 → 2024-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥93.14	2023-01-01 → 2023-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥645.37	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥819.33	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥839.83	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥785.79	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥556.58	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	57.8%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	62.0%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	61.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	57.2%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	26.7%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	1.9%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	11.5%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	19.4%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	33.3%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	133	at 2025-12-31	Cons.	Number of employees
Employees	130	at 2024-12-31	Cons.	Number of employees
Employees	128	at 2023-12-31^v	Cons.	Number of employees
Employees	141	at 2022-12-31^v	Cons.	Number of employees
Employees	140	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥1.7bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥1.9bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥2.0bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.1bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥128m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥6m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥123m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥30m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥157m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥204m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥243m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥123m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥30m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥190m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥23m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥107m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥131m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥138m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.4bn	at 2025-12-31	Standalone	Assets
Total assets	¥1.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥1.8bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.8bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥1.9bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥609m	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥652m	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥834m	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥1.1bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥1.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥1.1bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥541m	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥873m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥994m	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-143.88	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥17.4	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥81.15	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥102.06	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥152.89	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥17.39	2024-01-01 → 2024-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥81.04	2023-01-01 → 2023-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥12	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥42	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥42	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥45	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥631.76	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥812.68	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥837.37	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥798.19	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥600.76	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	57.8%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	62.2%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	61.3%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.8%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	28.3%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	2.1%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.9%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	16.4%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	28.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	1,320,800	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,320,800	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,320,800	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,320,800	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	900,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	122	at 2025-12-31	Standalone	Number of employees
Employees	120	at 2024-12-31	Standalone	Number of employees
Employees	120	at 2023-12-31^v	Standalone	Number of employees
Employees	134	at 2022-12-31^v	Standalone	Number of employees
Employees	132	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 · 1,258

Item	Context	Value	Unit
Net assets	CurrentYearInstant_ShareholdersEquityMember	839314000	JPY
Net assets	Prior1YearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember	234000	JPY
Net assets	Prior1YearInstant_ForeignCurrencyTranslationAdjustmentMember	13185000	JPY
Net assets	Prior1YearInstant_ValuationAndTranslationAdjustmentsMember	13420000	JPY
Net assets	Prior1YearInstant	1082170000	JPY
Dividends from surplus	CurrentYearDuration	-48869000	JPY
Profit loss attributable to owners of parent	CurrentYearDuration	-180527000	JPY
Purchase of treasury stock	CurrentYearDuration	-38000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember	-51000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	-301000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	-353000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration	-353000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember	-51000	JPY
Total changes of items during the period	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	-301000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	-353000	JPY
Total changes of items during the period	CurrentYearDuration	-229788000	JPY
Net assets	CurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember	182000	JPY
Net assets	CurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember	12884000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	13066000	JPY
Net assets	CurrentYearInstant	852381000	JPY
Income before income taxes	Prior1YearDuration	28328000	JPY
Income before income taxes	CurrentYearDuration	-109768000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	75201000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	79777000	JPY
Increase decrease in allowance for doubtful accounts ope cf	Prior1YearDuration	1092000	JPY
Increase decrease in allowance for doubtful accounts ope cf	CurrentYearDuration	-342000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	243000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	-4383000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-1952000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-3156000	JPY
Interest expenses ope cf	Prior1YearDuration	3759000	JPY
Interest expenses ope cf	CurrentYearDuration	3539000	JPY
Subsidy income2 ope cf	Prior1YearDuration	－	JPY
Subsidy income2 ope cf	CurrentYearDuration	-3300000	JPY
Foreign exchange losses gains ope cf	Prior1YearDuration	-4232000	JPY
Foreign exchange losses gains ope cf	CurrentYearDuration	416000	JPY
Commission for syndicate loan ope cf	Prior1YearDuration	2102000	JPY
Commission for syndicate loan ope cf	CurrentYearDuration	2113000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-15679000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	17861000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-1314000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	218000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	5785000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-11203000	JPY
Increase decrease in contract liabilities ope cf	Prior1YearDuration	9838000	JPY
Increase decrease in contract liabilities ope cf	CurrentYearDuration	-30157000	JPY
Increase decrease in net defined benefit liability ope cf	Prior1YearDuration	7119000	JPY
Increase decrease in net defined benefit liability ope cf	CurrentYearDuration	8889000	JPY
Other net ope cf	Prior1YearDuration	6076000	JPY
Other net ope cf	CurrentYearDuration	18980000	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 rounding
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