Annual report

Period2024-12-01 → 2025-11-30

Filed2026-02-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 128

Metric	Value	Period	Scope	Source row
Revenue	¥3.3bn	2024-12-01 → 2025-11-30	Cons.	Net sales
Revenue	¥3.3bn	2023-12-01 → 2024-11-30	Cons.	Net sales
Revenue	¥2.8bn	2022-12-01 → 2023-11-30^v	Cons.	Net sales (5-year summary)
Revenue	¥2.4bn	2021-12-01 → 2022-11-30^v	Cons.	Net sales (5-year summary)
Operating income	−¥68m	2024-12-01 → 2025-11-30	Cons.	Operating income
Operating income	¥44m	2023-12-01 → 2024-11-30	Cons.	Operating income
Ordinary income	−¥98m	2024-12-01 → 2025-11-30	Cons.	Ordinary income
Ordinary income	¥26m	2023-12-01 → 2024-11-30	Cons.	Ordinary income
Ordinary income	−¥173m	2022-12-01 → 2023-11-30^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥187m	2021-12-01 → 2022-11-30^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥451m	2024-12-01 → 2025-11-30	Cons.	Income before income taxes
Profit before tax	¥26m	2023-12-01 → 2024-11-30	Cons.	Income before income taxes
Net income (owners)	−¥528m	2024-12-01 → 2025-11-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥113m	2023-12-01 → 2024-11-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥280m	2022-12-01 → 2023-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥209m	2021-12-01 → 2022-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥528m	2024-12-01 → 2025-11-30	Cons.	Profit loss
Net income	¥113m	2023-12-01 → 2024-11-30	Cons.	Profit loss
Total assets	¥1.7bn	at 2025-11-30	Cons.	Assets
Total assets	¥1.9bn	at 2024-11-30	Cons.	Assets
Total assets	¥1.4bn	at 2023-11-30^v	Cons.	Total assets (5-year summary)
Total assets	¥1.5bn	at 2022-11-30^v	Cons.	Total assets (5-year summary)
Total liabilities	¥1.8bn	at 2025-11-30	Cons.	Liabilities
Total liabilities	¥1.5bn	at 2024-11-30	Cons.	Liabilities
Net assets / equity	−¥96m	at 2025-11-30	Cons.	Net assets
Net assets / equity	¥415m	at 2024-11-30	Cons.	Net assets
Net assets / equity	¥218m	at 2023-11-30^v	Cons.	Net assets
Net assets / equity	¥482m	at 2022-11-30^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥531m	at 2025-11-30	Cons.	Cash and deposits
Cash and deposits	¥740m	at 2024-11-30	Cons.	Cash and deposits
Cash & equivalents	¥531m	at 2025-11-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥740m	at 2024-11-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥611m	at 2023-11-30^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥847m	at 2022-11-30^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥20m	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥313m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥122m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥252m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥297m	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥224m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥214m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥20m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥70m	2024-12-01 → 2025-11-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥42m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥104m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥204m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-390.94	2024-12-01 → 2025-11-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥85.05	2023-12-01 → 2024-11-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-218.52	2022-12-01 → 2023-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-160.6	2021-12-01 → 2022-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥-100.83	at 2025-11-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥290.11	at 2024-11-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥134.63	at 2023-11-30^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥347.19	at 2022-11-30^v	Cons.	Net assets per share (5-year summary)
Equity ratio	-7.9%	at 2025-11-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	20.4%	at 2024-11-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	12.1%	at 2023-11-30^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	29.6%	at 2022-11-30^v	Cons.	Equity to asset ratio (5-year summary)
ROE	39.9%	2023-12-01 → 2024-11-30	Cons.	Rate of return on equity (5-year summary)
Employees	213	at 2025-11-30	Cons.	Number of employees
Employees	213	at 2024-11-30	Cons.	Number of employees
Employees	202	at 2023-11-30^v	Cons.	Number of employees
Employees	175	at 2022-11-30^v	Cons.	Number of employees
Revenue	¥3.1bn	2024-12-01 → 2025-11-30	Standalone	Net sales
Revenue	¥2.9bn	2023-12-01 → 2024-11-30	Standalone	Net sales
Revenue	¥2.4bn	2022-12-01 → 2023-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥2.2bn	2021-12-01 → 2022-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥1.8bn	2020-12-01 → 2021-11-30^d	Standalone	Net sales (5-year summary)
Operating income	−¥62m	2024-12-01 → 2025-11-30	Standalone	Operating income
Operating income	¥15m	2023-12-01 → 2024-11-30	Standalone	Operating income
Ordinary income	−¥89m	2024-12-01 → 2025-11-30	Standalone	Ordinary income
Ordinary income	¥49m	2023-12-01 → 2024-11-30	Standalone	Ordinary income
Ordinary income	−¥210m	2022-12-01 → 2023-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥201m	2021-12-01 → 2022-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥100m	2020-12-01 → 2021-11-30^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥483m	2024-12-01 → 2025-11-30	Standalone	Income before income taxes
Profit before tax	¥49m	2023-12-01 → 2024-11-30	Standalone	Income before income taxes
Net income	−¥554m	2024-12-01 → 2025-11-30	Standalone	Profit loss
Net income	¥143m	2023-12-01 → 2024-11-30	Standalone	Profit loss
Net income	−¥299m	2022-12-01 → 2023-11-30^v	Standalone	Net income loss (5-year summary)
Net income	−¥208m	2021-12-01 → 2022-11-30^v	Standalone	Net income loss (5-year summary)
Net income	¥144m	2020-12-01 → 2021-11-30^d	Standalone	Net income loss (5-year summary)
Total assets	¥1.7bn	at 2025-11-30	Standalone	Assets
Total assets	¥1.8bn	at 2024-11-30	Standalone	Assets
Total assets	¥1.3bn	at 2023-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥1.3bn	at 2022-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥1.3bn	at 2021-11-30^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.7bn	at 2025-11-30	Standalone	Liabilities
Total liabilities	¥1.4bn	at 2024-11-30	Standalone	Liabilities
Net assets / equity	−¥96m	at 2025-11-30	Standalone	Net assets
Net assets / equity	¥441m	at 2024-11-30	Standalone	Net assets
Net assets / equity	¥155m	at 2023-11-30^v	Standalone	Net assets
Net assets / equity	¥446m	at 2022-11-30^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥752m	at 2021-11-30^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥435m	at 2025-11-30	Standalone	Cash and deposits
Cash and deposits	¥599m	at 2024-11-30	Standalone	Cash and deposits
Cash & equivalents	¥875m	at 2021-11-30^d	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	¥162m	2020-12-01 → 2021-11-30^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥9m	2020-12-01 → 2021-11-30^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥468m	2020-12-01 → 2021-11-30^d	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-410.17	2024-12-01 → 2025-11-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥108.09	2023-12-01 → 2024-11-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-233.5	2022-12-01 → 2023-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-159.75	2021-12-01 → 2022-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥122.81	2020-12-01 → 2021-11-30^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥114.49	2020-12-01 → 2021-11-30^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥-100.83	at 2025-11-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥309.34	at 2024-11-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥120.54	at 2023-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥348.05	at 2022-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥574.13	at 2021-11-30^d	Standalone	Net assets per share (5-year summary)
Equity ratio	-8.2%	at 2025-11-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	22.9%	at 2024-11-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	12.0%	at 2023-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	33.1%	at 2022-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.0%	at 2021-11-30^d	Standalone	Equity to asset ratio (5-year summary)
ROE	49.9%	2023-12-01 → 2024-11-30	Standalone	Rate of return on equity (5-year summary)
ROE	33.4%	2020-12-01 → 2021-11-30^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	1,380,130	at 2025-11-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,380,130	at 2024-11-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,314,130	at 2023-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,309,800	at 2022-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,309,000	at 2021-11-30^d	Standalone	Total number of issued shares (5-year summary)
Employees	213	at 2025-11-30	Standalone	Number of employees
Employees	209	at 2024-11-30	Standalone	Number of employees
Employees	185	at 2023-11-30^v	Standalone	Number of employees
Employees	157	at 2022-11-30^v	Standalone	Number of employees
Employees	130	at 2021-11-30^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 · 1,278

Item	Context	Value	Unit
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	313524000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-553870000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-553870000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-553870000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_SubscriptionRightsToSharesMember	16601000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember	-537268000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalStockMember	50000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	313458000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	327993000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalSurplusMember	641451000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	-727893000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember	-727893000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_TreasuryStockMember	-99718000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_ShareholdersEquityMember	-136159000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_SubscriptionRightsToSharesMember	40222000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	-95937000	JPY
Salaries and allowances sga	Prior1YearDuration_NonConsolidatedMember	324401000	JPY
Salaries and allowances sga	CurrentYearDuration_NonConsolidatedMember	306875000	JPY
Amortization of goodwill sga	Prior1YearDuration_NonConsolidatedMember	91976000	JPY
Amortization of goodwill sga	CurrentYearDuration_NonConsolidatedMember	149119000	JPY
Depreciation sga	Prior1YearDuration_NonConsolidatedMember	15249000	JPY
Depreciation sga	CurrentYearDuration_NonConsolidatedMember	17202000	JPY
Document title cover page	FilingDateInstant	Original text (Japanese) 有価証券報告書
Clause of stipulation cover page	FilingDateInstant	Original text (Japanese) 金融商品取引法第24条第１項
Place of filing cover page	FilingDateInstant	Original text (Japanese) 関東財務局長
Filing date cover page	FilingDateInstant	2026-02-26
Fiscal year cover page	FilingDateInstant	Original text (Japanese) 第21期（自　2024年12月１日　至　2025年11月30日）
Company name cover page	FilingDateInstant	Original text (Japanese) 株式会社GRCS
Company name in english cover page	FilingDateInstant	GRCS Inc.
Title and name of representative cover page	FilingDateInstant	Original text (Japanese) 代表取締役社長　　佐々木　慈和
Address of registered headquarter cover page	FilingDateInstant	Original text (Japanese) 東京都千代田区丸の内一丁目１番１号　パレスビル５階
Telephone number address of registered headquarter cover page	FilingDateInstant	03(6272)9191
Name of contact person address of registered headquarter cover page	FilingDateInstant	Original text (Japanese) 取締役　　田中　郁恵
Nearest place of contact cover page	FilingDateInstant	Original text (Japanese) 東京都千代田区丸の内一丁目１番１号　パレスビル５階
Telephone number nearest place of contact cover page	FilingDateInstant	03(6272)9191
Name of contact person nearest place of contact cover page	FilingDateInstant	Original text (Japanese) 取締役　　田中　郁恵
Place for public inspection cover page (text)	FilingDateInstant	Text · Plus
Edinet code	FilingDateInstant	E36988
Fund code	FilingDateInstant	－
Security code	FilingDateInstant	92500
Filer name in japanese	FilingDateInstant	Original text (Japanese) 株式会社GRCS
Filer name in english	FilingDateInstant	GRCS Inc.
Fund name in japanese	FilingDateInstant	－
Fund name in english	FilingDateInstant	－
Cabinet office ordinance	FilingDateInstant	Original text (Japanese) 企業内容等の開示に関する内閣府令
Document type	FilingDateInstant	Original text (Japanese) 第三号様式
Accounting standards	FilingDateInstant	Japan GAAP
Whether consolidated financial statements are prepared	FilingDateInstant	true
Industry code when consolidated financial statements are prepared in accordance with industry specific regulations	FilingDateInstant	CTE

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 2024-11-30	pass
balance sheet identity	consolidated 2025-11-30	pass rounding
balance sheet identity	non_consolidated 2024-11-30	pass
balance sheet identity	non_consolidated 2025-11-30	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-11-30	pass
statement vs summary · net assets	consolidated 2024-11-30	pass
statement vs summary · net assets	consolidated 2025-11-30	pass
statement vs summary · net assets	non_consolidated 2023-11-30	pass
statement vs summary · net assets	non_consolidated 2024-11-30	pass
statement vs summary · net assets	non_consolidated 2025-11-30	pass
statement vs summary · net income attributable to parent	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · net income attributable to parent	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · operating cash flow	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · operating cash flow	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · revenue	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	consolidated 2024-12-01/2025-11-30	pass
statement vs summary · revenue	non_consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	non_consolidated 2024-12-01/2025-11-30	pass
statement vs summary · total assets	consolidated 2024-11-30	pass
statement vs summary · total assets	consolidated 2025-11-30	pass
statement vs summary · total assets	non_consolidated 2024-11-30	pass
statement vs summary · total assets	non_consolidated 2025-11-30	pass