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
Dividends income noi	Prior1YearDuration_NonConsolidatedMember	45765000	JPY
Dividends income noi	CurrentYearDuration_NonConsolidatedMember	684339000	JPY
Noi	Prior1YearDuration_NonConsolidatedMember	38479000	JPY
Noi	CurrentYearDuration_NonConsolidatedMember	38555000	JPY
Subsidy income noi bounty	Prior1YearDuration_NonConsolidatedMember	2049000	JPY
Subsidy income noi bounty	CurrentYearDuration_NonConsolidatedMember	－	JPY
Gain on sales of goods noi	Prior1YearDuration_NonConsolidatedMember	28410000	JPY
Gain on sales of goods noi	CurrentYearDuration_NonConsolidatedMember	24346000	JPY
Other noi	Prior1YearDuration_NonConsolidatedMember	10853000	JPY
Other noi	CurrentYearDuration_NonConsolidatedMember	13116000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	136846000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	797083000	JPY
Interest expenses noe	Prior1YearDuration_NonConsolidatedMember	407000	JPY
Interest expenses noe	CurrentYearDuration_NonConsolidatedMember	306000	JPY
Rent expenses noe	Prior1YearDuration_NonConsolidatedMember	2904000	JPY
Rent expenses noe	CurrentYearDuration_NonConsolidatedMember	2904000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	－	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	42002000	JPY
Loss on investments in partnership noe	Prior1YearDuration_NonConsolidatedMember	3576000	JPY
Loss on investments in partnership noe	CurrentYearDuration_NonConsolidatedMember	4754000	JPY
Other noe	Prior1YearDuration_NonConsolidatedMember	1821000	JPY
Other noe	CurrentYearDuration_NonConsolidatedMember	1298000	JPY
Non operating expenses	Prior1YearDuration_NonConsolidatedMember	8709000	JPY
Non operating expenses	CurrentYearDuration_NonConsolidatedMember	51266000	JPY
Ordinary income	Prior1YearDuration_NonConsolidatedMember	4244286000	JPY
Ordinary income	CurrentYearDuration_NonConsolidatedMember	6330584000	JPY
Gain on sales of noncurrent assets ei	Prior1YearDuration_NonConsolidatedMember	28516000	JPY
Gain on sales of noncurrent assets ei	CurrentYearDuration_NonConsolidatedMember	9568000	JPY
Gain on sales of investment securities ei	Prior1YearDuration_NonConsolidatedMember	17200000	JPY
Gain on sales of investment securities ei	CurrentYearDuration_NonConsolidatedMember	21092000	JPY
Compensation income ei	Prior1YearDuration_NonConsolidatedMember	191484000	JPY
Compensation income ei	CurrentYearDuration_NonConsolidatedMember	－	JPY
Extraordinary income	Prior1YearDuration_NonConsolidatedMember	237201000	JPY
Extraordinary income	CurrentYearDuration_NonConsolidatedMember	30661000	JPY
Loss on sales of noncurrent assets el	Prior1YearDuration_NonConsolidatedMember	3612000	JPY
Loss on sales of noncurrent assets el	CurrentYearDuration_NonConsolidatedMember	－	JPY
Impairment loss el	Prior1YearDuration_NonConsolidatedMember	93092000	JPY
Impairment loss el	CurrentYearDuration_NonConsolidatedMember	117444000	JPY
Loss on valuation of membership el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Loss on valuation of membership el	CurrentYearDuration_NonConsolidatedMember	4142000	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	Prior1YearDuration_NonConsolidatedMember	－	JPY
Loss on valuation of stocks of subsidiaries and affiliates el	CurrentYearDuration_NonConsolidatedMember	3388000	JPY
Shop closures expemses el	Prior1YearDuration_NonConsolidatedMember	11209000	JPY
Shop closures expemses el	CurrentYearDuration_NonConsolidatedMember	10463000	JPY
Extraordinary loss	Prior1YearDuration_NonConsolidatedMember	107914000	JPY
Extraordinary loss	CurrentYearDuration_NonConsolidatedMember	135439000	JPY
Income before income taxes	Prior1YearDuration_NonConsolidatedMember	4373573000	JPY
Income before income taxes	CurrentYearDuration_NonConsolidatedMember	6225806000	JPY
Income taxes current	Prior1YearDuration_NonConsolidatedMember	1315183000	JPY
Income taxes current	CurrentYearDuration_NonConsolidatedMember	1643920000	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