Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100XVLX (2026-04-02).

Key figures · 147

Metric	Value	Period	Scope	Source row
Revenue	¥3.5bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥3.6bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥3.6bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥3.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥3.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥212m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥155m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥202m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥200m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥299m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥518m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥417m	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥174m	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥194m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥99m	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥111m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥76m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥419m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥245m	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥99m	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥111m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥4.5bn	at 2025-12-31	Cons.	Assets
Total assets	¥4.3bn	at 2024-12-31	Cons.	Assets
Total assets	¥4.3bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥4.4bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥3.1bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥1.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥1.3bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥3.2bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥3.1bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥2.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥2.9bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥1.6bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.4bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥3.4bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥3.4bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.4bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.4bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.3bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.1bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥286m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥133m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥63m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥470m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥957m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥203m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥207m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥62m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥55m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥62m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥47m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥46m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥123m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥709m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥33m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥41.93	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥47.6	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.87	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥238.61	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥142.1	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,344.99	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,309.02	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,267.61	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,310.62	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥943.07	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	71.1%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.5%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	68.3%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	65.3%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	52.6%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	3.2%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	3.7%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	2.6%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	18.6%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	16.6%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	140	at 2025-12-31	Cons.	Number of employees
Employees	161	at 2024-12-31	Cons.	Number of employees
Employees	158	at 2023-12-31^v	Cons.	Number of employees
Employees	147	at 2022-12-31^v	Cons.	Number of employees
Employees	145	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥3.2bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥3.2bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥3.2bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥3.2bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥2.9bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥184m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥109m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥188m	2025-01-01 → 2025-12-31	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥142m	2024-01-01 → 2024-12-31	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥251m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥454m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥328m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥155m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥27m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥80m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	−¥36m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥23m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥358m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥150m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥4.0bn	at 2025-12-31	Standalone	Assets
Total assets	¥3.9bn	at 2024-12-31	Standalone	Assets
Total assets	¥4.1bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥4.2bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥3.0bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.2bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥1.2bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥2.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥2.8bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥2.8bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥2.8bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥1.6bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥2.6bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥2.6bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥34.07	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-15.58	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥9.98	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥203.75	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥86.97	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥20	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,195.39	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,181.76	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,216.06	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,285.34	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥927.91	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	69.8%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	70.2%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	69.1%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	67.2%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.0%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	2.9%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	0.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	16.1%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	10.1%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	2,366,722	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,342,175	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,320,953	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,192,400	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	871,200	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	130	at 2025-12-31	Standalone	Number of employees
Employees	147	at 2024-12-31	Standalone	Number of employees
Employees	142	at 2023-12-31^v	Standalone	Number of employees
Employees	135	at 2022-12-31^v	Standalone	Number of employees
Employees	130	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 · 1,337

Item	Context	Value	Unit
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	-46842000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-46842000	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	11733000	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	11708000	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	11708000	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	－	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	23442000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	－	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	80281000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	80281000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	80281000	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	－	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	－	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	-34000	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	-34000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	－	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	－	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalStockMember	11733000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalCapitalSurplusMember	11708000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_OtherCapitalSurplusMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_CapitalSurplusMember	11708000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_LegalRetainedEarningsMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_GeneralReserveMember	－	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	33438000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_RetainedEarningsMember	33438000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_TreasuryStockMember	-34000	JPY
Total changes of items during the period	CurrentYearDuration_NonConsolidatedMember_ShareholdersEquityMember	56846000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalStockMember	617038000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalCapitalSurplusMember	533694000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_OtherCapitalSurplusMember	71676000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_CapitalSurplusMember	605371000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_LegalRetainedEarningsMember	7677000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_GeneralReserveMember	50000000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsBroughtForwardMember	1523315000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_RetainedEarningsMember	1580992000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_TreasuryStockMember	-73000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember_ShareholdersEquityMember	2803328000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	21369000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember	21369000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	2767851000	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember	－	JPY
Dividends from surplus	CurrentYearDuration_NonConsolidatedMember	-46842000	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember	－	JPY
Issuance of new restricted shares	CurrentYearDuration_NonConsolidatedMember	23442000	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember	－	JPY
Profit loss	CurrentYearDuration_NonConsolidatedMember	80281000	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember_ValuationAndTranslationAdjustmentsMember	－	JPY
Purchase of treasury stock	CurrentYearDuration_NonConsolidatedMember	-34000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonConsolidatedMember_ValuationDifferenceOnAvailableForSaleSecuritiesMember	413000	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 rounding
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