Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-25

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥129.3bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥116.0bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥115.5bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥102.8bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥107.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥5.9bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥4.3bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥6.0bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥4.4bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥3.6bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥3.6bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥4.6bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥5.9bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥4.5bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥4.1bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥3.2bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥2.4bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥2.5bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥3.3bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥4.1bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥3.2bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥43.6bn	at 2025-12-31	Cons.	Assets
Total assets	¥50.7bn	at 2024-12-31	Cons.	Assets
Total assets	¥47.5bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥43.6bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥43.4bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥16.6bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥16.5bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥27.0bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥34.2bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥31.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥30.3bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥28.8bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥13.4bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥20.2bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥13.4bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥20.2bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥19.7bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥17.6bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥18.3bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥4.7bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥3.4bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥5.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥73m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥3.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥87m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.1bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.3bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	¥172m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.3bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥11.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥857m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥719m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥960m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥6.1bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥263.09	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥165.14	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥123.76	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥131.07	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥170.34	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥2,201.73	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,775.76	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,659.17	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,576.9	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,495.33	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	61.8%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	67.4%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	67.2%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	69.6%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	66.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	13.5%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	9.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	7.6%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	8.5%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	11.8%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	2,108	at 2025-12-31	Cons.	Number of employees
Employees	2,001	at 2024-12-31	Cons.	Number of employees
Employees	1,897	at 2023-12-31^v	Cons.	Number of employees
Employees	1,829	at 2022-12-31^v	Cons.	Number of employees
Employees	1,883	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥125.6bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥112.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥112.5bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥99.9bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥104.1bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥5.6bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥4.1bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥6.3bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥4.2bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥3.6bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥3.5bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥4.4bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥6.2bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥4.4bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥4.5bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥3.1bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥2.4bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥2.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥3.1bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥42.3bn	at 2025-12-31	Standalone	Assets
Total assets	¥49.1bn	at 2024-12-31	Standalone	Assets
Total assets	¥46.0bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥42.2bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥41.9bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥16.1bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥16.0bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥26.2bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥33.0bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥30.8bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥29.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥27.7bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥12.9bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥18.5bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥288.35	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥162.18	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥125.74	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥128.07	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥163.55	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥102	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥43	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥41	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥154	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥2,141.44	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,716.8	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,603.17	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,518.93	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,440.36	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	61.9%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	67.3%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	67.0%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	69.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	66.1%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	15.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.8%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	8.1%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	8.7%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	11.8%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	12,240,712	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,197,800	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,197,800	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,197,800	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	6,732,600	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	2,005	at 2025-12-31	Standalone	Number of employees
Employees	1,899	at 2024-12-31	Standalone	Number of employees
Employees	1,801	at 2023-12-31^v	Standalone	Number of employees
Employees	1,736	at 2022-12-31^v	Standalone	Number of employees
Employees	1,786	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 · 1,376

Item	Context	Value	Unit
Total changes of items during the period	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	-56075000	JPY
Total changes of items during the period	CurrentYearDuration	-7216164000	JPY
Net assets	CurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember	-119183000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	-119183000	JPY
Net assets	CurrentYearInstant	26950786000	JPY
Income before income taxes	Prior1YearDuration	4463613000	JPY
Income before income taxes	CurrentYearDuration	5911136000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	282655000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	243069000	JPY
Amortization of goodwill ope cf	Prior1YearDuration	42297000	JPY
Amortization of goodwill ope cf	CurrentYearDuration	19688000	JPY
Impairment loss ope cf	Prior1YearDuration	111432000	JPY
Impairment loss ope cf	CurrentYearDuration	118546000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	197118000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	-325017000	JPY
Increase decrease in net defined benefit liability ope cf	Prior1YearDuration	-250000	JPY
Increase decrease in net defined benefit liability ope cf	CurrentYearDuration	-5000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-47416000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-140106000	JPY
Interest expenses ope cf	Prior1YearDuration	407000	JPY
Interest expenses ope cf	CurrentYearDuration	306000	JPY
Subsidy income2 ope cf	Prior1YearDuration	-2049000	JPY
Subsidy income2 ope cf	CurrentYearDuration	－	JPY
Loss gain on sales of investment securities ope cf	Prior1YearDuration	-17200000	JPY
Loss gain on sales of investment securities ope cf	CurrentYearDuration	-21092000	JPY
Compensation income ope cf	Prior1YearDuration	-191484000	JPY
Compensation income ope cf	CurrentYearDuration	－	JPY
Loss gain on valuation of investment securities ope cf	Prior1YearDuration	－	JPY
Loss gain on valuation of investment securities ope cf	CurrentYearDuration	3388000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	-947224000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	717106000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-90543000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	-710563000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	116245000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	292272000	JPY
Increase decrease in accounts payable other ope cf	Prior1YearDuration	314953000	JPY
Increase decrease in accounts payable other ope cf	CurrentYearDuration	-220498000	JPY
Increase decrease in accrued consumption taxes ope cf	Prior1YearDuration	-186368000	JPY
Increase decrease in accrued consumption taxes ope cf	CurrentYearDuration	17881000	JPY
Other net ope cf	Prior1YearDuration	107696000	JPY
Other net ope cf	CurrentYearDuration	115593000	JPY
Subtotal ope cf	Prior1YearDuration	4153884000	JPY
Subtotal ope cf	CurrentYearDuration	6021708000	JPY
Interest and dividends income received ope cf inv cf	Prior1YearDuration	47416000	JPY
Interest and dividends income received ope cf inv cf	CurrentYearDuration	140106000	JPY
Interest expenses paid ope cf fin cf	Prior1YearDuration	-386000	JPY
Interest expenses paid ope cf fin cf	CurrentYearDuration	-287000	JPY
Proceeds from subsidy income2 ope cf	Prior1YearDuration	2049000	JPY
Proceeds from subsidy income2 ope cf	CurrentYearDuration	－	JPY
Proceeds from compensation ope cf	Prior1YearDuration	192439000	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 rounding
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