Annual report

Period2024-10-01 → 2025-09-30
Filed2026-01-05
StandardIFRS
ConsolidatedYes
Data checks14 of 24 passed
Key figures · 149
MetricValuePeriodScopeSource row
Revenue¥16.6bn2024-10-01 → 2025-09-30Cons.Revenue IFRS
Revenue¥16.5bn2023-10-01 → 2024-09-30Cons.Revenue IFRS
Revenue¥8.6bn2022-10-01 → 2023-09-30vCons.Net sales (5-year summary)
Operating income¥4.8bn2024-10-01 → 2025-09-30Cons.Operating profit loss IFRS
Operating income¥8.3bn2023-10-01 → 2024-09-30Cons.Operating profit loss IFRS
Ordinary income¥5.0bn2024-10-01 → 2025-09-30Cons.Ordinary income loss (5-year summary)
Ordinary income¥8.4bn2023-10-01 → 2024-09-30Cons.Ordinary income loss (5-year summary)
Ordinary income¥4.5bn2022-10-01 → 2023-09-30vCons.Ordinary income loss (5-year summary)
Profit before tax¥4.8bn2024-10-01 → 2025-09-30Cons.Profit loss before tax IFRS
Profit before tax¥8.2bn2023-10-01 → 2024-09-30Cons.Profit loss before tax IFRS
Net income (owners)¥2.7bn2024-10-01 → 2025-09-30Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥2.9bn2024-10-01 → 2025-09-30Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥5.7bn2023-10-01 → 2024-09-30Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥5.8bn2023-10-01 → 2024-09-30Cons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.6bn2022-10-01 → 2023-09-30vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.7bn2024-10-01 → 2025-09-30Cons.Profit loss IFRS
Net income¥5.7bn2023-10-01 → 2024-09-30Cons.Profit loss IFRS
Total assets¥8.1bnat 2025-09-30Cons.Assets IFRS
Total assets¥7.3bnat 2025-09-30Cons.Total assets (5-year summary)
Total assets¥12.5bnat 2024-09-30Cons.Assets IFRS
Total assets¥12.0bnat 2024-09-30Cons.Total assets (5-year summary)
Total assets¥8.6bnat 2023-09-30vCons.Assets IFRS
Total assets¥8.3bnat 2023-09-30vCons.Total assets (5-year summary)
Total liabilities¥3.0bnat 2025-09-30Cons.Liabilities IFRS
Total liabilities¥3.6bnat 2024-09-30Cons.Liabilities IFRS
Total liabilities¥3.0bnat 2023-09-30vCons.Liabilities IFRS
Net assets / equity¥5.1bnat 2025-09-30Cons.Equity IFRS
Net assets / equity¥5.3bnat 2025-09-30Cons.Net assets (5-year summary)
Net assets / equity¥8.9bnat 2024-09-30Cons.Equity IFRS
Net assets / equity¥9.0bnat 2024-09-30Cons.Net assets (5-year summary)
Net assets / equity¥5.5bnat 2023-09-30vCons.Equity IFRS
Net assets / equity¥5.6bnat 2023-09-30vCons.Net assets (5-year summary)
Equity (owners)¥5.1bnat 2025-09-30Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥8.9bnat 2024-09-30Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥5.5bnat 2023-09-30vCons.Equity attributable to owners of parent IFRS
Cash & equivalents¥4.1bnat 2025-09-30Cons.Cash and cash equivalents IFRS
Cash & equivalents¥10.2bnat 2024-09-30Cons.Cash and cash equivalents IFRS
Cash & equivalents¥7.4bnat 2023-09-30vCons.Cash and cash equivalents IFRS
Operating cash flow¥1.3bn2024-10-01 → 2025-09-30Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥977m2024-10-01 → 2025-09-30Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥5.7bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥5.5bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥4.0bn2022-10-01 → 2023-09-30vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥351m2024-10-01 → 2025-09-30Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥308m2023-10-01 → 2024-09-30Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥400m2022-10-01 → 2023-09-30vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥7.0bn2024-10-01 → 2025-09-30Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥6.7bn2024-10-01 → 2025-09-30Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥2.7bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥2.4bn2023-10-01 → 2024-09-30Cons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥110m2022-10-01 → 2023-09-30vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥47.972024-10-01 → 2025-09-30Cons.Basic earnings loss per share IFRS
EPS (basic)¥50.542024-10-01 → 2025-09-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥96.62023-10-01 → 2024-09-30Cons.Basic earnings loss per share IFRS
EPS (basic)¥98.822023-10-01 → 2024-09-30Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥45.892022-10-01 → 2023-09-30vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥46.62024-10-01 → 2025-09-30Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥47.072024-10-01 → 2025-09-30Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥92.462023-10-01 → 2024-09-30Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥90.442023-10-01 → 2024-09-30Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥41.292022-10-01 → 2023-09-30vCons.Diluted earnings per share (5-year summary)
Net assets per share¥97.48at 2025-09-30Cons.Net assets per share (5-year summary)
Net assets per share¥94.44at 2025-09-30Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥154.42at 2024-09-30Cons.Net assets per share (5-year summary)
Net assets per share¥152.7at 2024-09-30Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥96.56at 2023-09-30vCons.Net assets per share (5-year summary)
Equity ratio72.2%at 2025-09-30Cons.Equity to asset ratio (5-year summary)
Equity ratio62.8%at 2025-09-30Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio75.1%at 2024-09-30Cons.Equity to asset ratio (5-year summary)
Equity ratio71.2%at 2024-09-30Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio67.2%at 2023-09-30vCons.Equity to asset ratio (5-year summary)
ROE40.5%2024-10-01 → 2025-09-30Cons.Rate of return on equity (5-year summary)
ROE39.2%2024-10-01 → 2025-09-30Cons.Rate of return on equity IFRS (5-year summary)
ROE79.2%2023-10-01 → 2024-09-30Cons.Rate of return on equity (5-year summary)
ROE78.3%2023-10-01 → 2024-09-30Cons.Rate of return on equity IFRS (5-year summary)
ROE47.3%2022-10-01 → 2023-09-30vCons.Rate of return on equity (5-year summary)
Employees690at 2025-09-30Cons.Number of employees
Employees456at 2024-09-30Cons.Number of employees
Employees258at 2023-09-30vCons.Number of employees
Revenue¥8.7bn2024-10-01 → 2025-09-30StandaloneOperating revenue1
Revenue¥872m2023-10-01 → 2024-09-30StandaloneOperating revenue1
Operating income¥7.7bn2024-10-01 → 2025-09-30StandaloneOperating income
Operating income¥202m2023-10-01 → 2024-09-30StandaloneOperating income
Ordinary income¥7.7bn2024-10-01 → 2025-09-30StandaloneOrdinary income
Ordinary income¥200m2023-10-01 → 2024-09-30StandaloneOrdinary income
Ordinary income¥1.3bn2022-10-01 → 2023-09-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥2.1bn2021-10-01 → 2022-09-30vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥558m2020-10-01 → 2021-09-30dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥6.5bn2024-10-01 → 2025-09-30StandaloneIncome before income taxes
Profit before tax¥198m2023-10-01 → 2024-09-30StandaloneIncome before income taxes
Net income¥6.4bn2024-10-01 → 2025-09-30StandaloneProfit loss
Net income¥133m2023-10-01 → 2024-09-30StandaloneProfit loss
Net income¥842m2022-10-01 → 2023-09-30vStandaloneNet income loss (5-year summary)
Net income¥1.3bn2021-10-01 → 2022-09-30vStandaloneNet income loss (5-year summary)
Net income¥368m2020-10-01 → 2021-09-30dStandaloneNet income loss (5-year summary)
Total assets¥4.3bnat 2025-09-30StandaloneAssets
Total assets¥3.6bnat 2024-09-30StandaloneAssets
Total assets¥4.7bnat 2023-09-30vStandaloneTotal assets (5-year summary)
Total assets¥4.2bnat 2022-09-30vStandaloneTotal assets (5-year summary)
Total assets¥1.4bnat 2021-09-30dStandaloneTotal assets (5-year summary)
Total liabilities¥2.9bnat 2025-09-30StandaloneLiabilities
Total liabilities¥2.1bnat 2024-09-30StandaloneLiabilities
Net assets / equity¥1.4bnat 2025-09-30StandaloneNet assets
Net assets / equity¥1.6bnat 2024-09-30StandaloneNet assets
Net assets / equity¥3.8bnat 2023-09-30vStandaloneNet assets
Net assets / equity¥2.9bnat 2022-09-30vStandaloneNet assets (5-year summary)
Net assets / equity¥778mat 2021-09-30dStandaloneNet assets (5-year summary)
Cash and deposits¥1.7bnat 2025-09-30StandaloneCash and deposits
Cash and deposits¥1.6bnat 2024-09-30StandaloneCash and deposits
Cash & equivalents¥4.0bnat 2022-09-30vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥1.2bnat 2021-09-30dStandaloneCash and cash equivalents (5-year summary)
Operating cash flow¥2.1bn2021-10-01 → 2022-09-30vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow¥679m2020-10-01 → 2021-09-30dStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥79m2021-10-01 → 2022-09-30vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥57m2020-10-01 → 2021-09-30dStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥805m2021-10-01 → 2022-09-30vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow−¥347,0002020-10-01 → 2021-09-30dStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥112.532024-10-01 → 2025-09-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥2.272023-10-01 → 2024-09-30StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥14.62022-10-01 → 2023-09-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.762021-10-01 → 2022-09-30vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥6.642020-10-01 → 2021-09-30dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥104.822024-10-01 → 2025-09-30StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥2.082023-10-01 → 2024-09-30StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥13.142022-10-01 → 2023-09-30vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥21.552021-10-01 → 2022-09-30vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥52024-10-01 → 2025-09-30StandaloneDividend paid per share (5-year summary)
Net assets per share¥25.1at 2025-09-30StandaloneNet assets per share (5-year summary)
Net assets per share¥26.62at 2024-09-30StandaloneNet assets per share (5-year summary)
Net assets per share¥65.43at 2023-09-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥50.97at 2022-09-30vStandaloneNet assets per share (5-year summary)
Net assets per share¥6.61at 2021-09-30dStandaloneNet assets per share (5-year summary)
Equity ratio31.3%at 2025-09-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio42.7%at 2024-09-30StandaloneEquity to asset ratio (5-year summary)
Equity ratio81.3%at 2023-09-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio69.3%at 2022-09-30vStandaloneEquity to asset ratio (5-year summary)
Equity ratio57.5%at 2021-09-30dStandaloneEquity to asset ratio (5-year summary)
ROE442.9%2024-10-01 → 2025-09-30StandaloneRate of return on equity (5-year summary)
ROE5.0%2023-10-01 → 2024-09-30StandaloneRate of return on equity (5-year summary)
ROE25.1%2022-10-01 → 2023-09-30vStandaloneRate of return on equity (5-year summary)
ROE71.6%2021-10-01 → 2022-09-30vStandaloneRate of return on equity (5-year summary)
ROE62.0%2020-10-01 → 2021-09-30dStandaloneRate of return on equity (5-year summary)
Shares issued54,101,335at 2025-09-30StandaloneTotal number of issued shares (5-year summary)
Shares issued59,312,793at 2024-09-30StandaloneTotal number of issued shares (5-year summary)
Shares issued57,983,115at 2023-09-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued19,153,900at 2022-09-30vStandaloneTotal number of issued shares (5-year summary)
Shares issued4,950,000at 2021-09-30dStandaloneTotal number of issued shares (5-year summary)
Employees110at 2022-09-30vStandaloneNumber of employees
Employees49at 2021-09-30dStandaloneNumber 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.

Segments · 25
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-10-01 → 2025-09-30¥5m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-10-01 → 2025-09-30¥5m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2024-10-01 → 2025-09-30−¥133m
Reconciling Itemsreconcilingsegment profit2024-10-01 → 2025-09-30−¥50m
M And A Brokeragereportable segmentemployeesat 2025-09-30484 pure
M And A Brokeragereportable segmentrevenue2024-10-01 → 2025-09-30¥15.1bn
M And A Brokeragereportable segmentrevenue external2024-10-01 → 2025-09-30¥15.1bn
M And A Brokeragereportable segmentsegment profit2024-10-01 → 2025-09-30¥5.7bn
—segment totalrevenue2024-10-01 → 2025-09-30¥16.6bn
—segment totalrevenue external2024-10-01 → 2025-09-30¥16.6bn
—segment totalsegment profit2024-10-01 → 2025-09-30¥5.0bn
Total Of Reportable Segments And Otherssegment totalrevenue2024-10-01 → 2025-09-30¥16.6bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-10-01 → 2025-09-30¥16.6bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-10-01 → 2025-09-30¥4.8bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2023-10-01 → 2024-09-30−¥43m
Reconciling Itemsreconcilingsegment profit2023-10-01 → 2024-09-30−¥13m
M And A Brokeragereportable segmentrevenue2023-10-01 → 2024-09-30¥16.3bn
M And A Brokeragereportable segmentrevenue external2023-10-01 → 2024-09-30¥16.3bn
M And A Brokeragereportable segmentsegment profit2023-10-01 → 2024-09-30¥8.6bn
—segment totalrevenue2023-10-01 → 2024-09-30¥16.5bn
—segment totalrevenue external2023-10-01 → 2024-09-30¥16.5bn
—segment totalsegment profit2023-10-01 → 2024-09-30¥8.3bn
Total Of Reportable Segments And Otherssegment totalrevenue2023-10-01 → 2024-09-30¥16.5bn
Total Of Reportable Segments And Otherssegment totalrevenue external2023-10-01 → 2024-09-30¥16.5bn
Total Of Reportable Segments And Otherssegment totalsegment profit2023-10-01 → 2024-09-30¥8.3bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,562
ItemContextValueUnit
Trade and other payables cl IFRSPrior1YearInstant230819000JPY
Trade and other payables cl IFRSCurrentYearInstant426407000JPY
Borrowings cl IFRSPrior2YearInstant45435000JPY
Borrowings cl IFRSPrior1YearInstant33880000JPY
Borrowings cl IFRSCurrentYearInstant9180000JPY
Lease liabilities cl IFRSPrior2YearInstant158768000JPY
Lease liabilities cl IFRSPrior1YearInstant210626000JPY
Lease liabilities cl IFRSCurrentYearInstant481926000JPY
Income taxes payable cl IFRSPrior2YearInstant1572255000JPY
Income taxes payable cl IFRSPrior1YearInstant1354227000JPY
Income taxes payable cl IFRSCurrentYearInstant603728000JPY
Accrued consumption taxes cl IFRSPrior2YearInstant447124000JPY
Accrued consumption taxes cl IFRSPrior1YearInstant628926000JPY
Accrued consumption taxes cl IFRSCurrentYearInstant66506000JPY
Other current liabilities cl IFRSPrior2YearInstant513322000JPY
Other current liabilities cl IFRSPrior1YearInstant849102000JPY
Other current liabilities cl IFRSCurrentYearInstant1085735000JPY
Total current liabilities IFRSPrior2YearInstant2892089000JPY
Total current liabilities IFRSPrior1YearInstant3307583000JPY
Total current liabilities IFRSCurrentYearInstant2673485000JPY
Borrowings ncl IFRSPrior2YearInstant48415000JPY
Borrowings ncl IFRSPrior1YearInstant14535000JPY
Borrowings ncl IFRSCurrentYearInstant5355000JPY
Lease liabilities ncl IFRSPrior2YearInstant28785000JPY
Lease liabilities ncl IFRSPrior1YearInstant196515000JPY
Lease liabilities ncl IFRSCurrentYearInstant221298000JPY
Provisions ncl IFRSPrior2YearInstant42224000JPY
Provisions ncl IFRSPrior1YearInstant91879000JPY
Provisions ncl IFRSCurrentYearInstant118069000JPY
Deferred tax liabilities IFRSPrior2YearInstant-JPY
Deferred tax liabilities IFRSPrior1YearInstant-JPY
Deferred tax liabilities IFRSCurrentYearInstant337000JPY
Non current labilities IFRSPrior2YearInstant119424000JPY
Non current labilities IFRSPrior1YearInstant302929000JPY
Non current labilities IFRSCurrentYearInstant345061000JPY
Liabilities IFRSPrior2YearInstant3011514000JPY
Liabilities IFRSPrior1YearInstant3610512000JPY
Liabilities IFRSCurrentYearInstant3018546000JPY
Share capital IFRSPrior2YearInstant629678000JPY
Share capital IFRSPrior1YearInstant80569000JPY
Share capital IFRSCurrentYearInstant50000000JPY
Capital surplus IFRSPrior2YearInstant928423000JPY
Capital surplus IFRSPrior1YearInstant1688240000JPY
Capital surplus IFRSCurrentYearInstant1158818000JPY
Retained earnings IFRSPrior2YearInstant3987219000JPY
Retained earnings IFRSPrior1YearInstant9645641000JPY
Retained earnings IFRSCurrentYearInstant3968448000JPY
Treasury shares IFRSPrior2YearInstant-774000JPY
Treasury shares IFRSPrior1YearInstant-2500967000JPY
Treasury shares IFRSCurrentYearInstant-75250000JPY

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 · 14 of 24 passed
balance sheet identityconsolidated 2023-09-30pass rounding
balance sheet identityconsolidated 2024-09-30pass rounding
balance sheet identityconsolidated 2025-09-30pass
balance sheet identitynon_consolidated 2024-09-30pass rounding
balance sheet identitynon_consolidated 2025-09-30pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-09-30mismatch
statement vs summary · net assetsconsolidated 2024-09-30mismatch
statement vs summary · net assetsconsolidated 2025-09-30mismatch
statement vs summary · net assetsnon_consolidated 2023-09-30pass
statement vs summary · net assetsnon_consolidated 2024-09-30pass
statement vs summary · net assetsnon_consolidated 2025-09-30pass
statement vs summary · net income attributable to parentconsolidated 2023-10-01/2024-09-30mismatch
statement vs summary · net income attributable to parentconsolidated 2024-10-01/2025-09-30mismatch
statement vs summary · operating cash flowconsolidated 2023-10-01/2024-09-30mismatch
statement vs summary · operating cash flowconsolidated 2024-10-01/2025-09-30mismatch
statement vs summary · revenueconsolidated 2023-10-01/2024-09-30pass
statement vs summary · revenueconsolidated 2024-10-01/2025-09-30pass
statement vs summary · total assetsconsolidated 2023-09-30mismatch
statement vs summary · total assetsconsolidated 2024-09-30mismatch
statement vs summary · total assetsconsolidated 2025-09-30mismatch
statement vs summary · total assetsnon_consolidated 2024-09-30pass
statement vs summary · total assetsnon_consolidated 2025-09-30pass