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
Diluted earnings loss per share IFRS (5-year summary)Prior1YearDuration92.46
Diluted earnings loss per share IFRS (5-year summary)CurrentYearDuration46.60
Ratio of owners equity to gross assets IFRS (5-year summary)Prior2YearInstant-
Ratio of owners equity to gross assets IFRS (5-year summary)Prior1YearInstant0.712
Ratio of owners equity to gross assets IFRS (5-year summary)CurrentYearInstant0.628
Rate of return on equity IFRS (5-year summary)Prior2YearDuration-
Rate of return on equity IFRS (5-year summary)Prior1YearDuration0.783
Rate of return on equity IFRS (5-year summary)CurrentYearDuration0.392
Price earnings ratio IFRS (5-year summary)Prior2YearDuration-
Price earnings ratio IFRS (5-year summary)Prior1YearDuration30.9
Price earnings ratio IFRS (5-year summary)CurrentYearDuration27.2
Cash flows from used in operating activities IFRS (5-year summary)Prior2YearDuration-JPY
Cash flows from used in operating activities IFRS (5-year summary)Prior1YearDuration5718115000JPY
Cash flows from used in operating activities IFRS (5-year summary)CurrentYearDuration1302778000JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior2YearDuration-JPY
Cash flows from used in investing activities IFRS (5-year summary)Prior1YearDuration-308340000JPY
Cash flows from used in investing activities IFRS (5-year summary)CurrentYearDuration-351204000JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior2YearDuration-JPY
Cash flows from used in financing activities IFRS (5-year summary)Prior1YearDuration-2665529000JPY
Cash flows from used in financing activities IFRS (5-year summary)CurrentYearDuration-7009095000JPY
Cash and cash equivalents IFRS (5-year summary)Prior2YearInstant-JPY
Cash and cash equivalents IFRS (5-year summary)Prior1YearInstant10174674000JPY
Cash and cash equivalents IFRS (5-year summary)CurrentYearInstant4118742000JPY
Number of employeesPrior2YearInstant258
Number of employeesPrior1YearInstant456
Number of employeesCurrentYearInstant690
Net sales (5-year summary)Prior4YearDuration-JPY
Net sales (5-year summary)Prior3YearDuration-JPY
Net sales (5-year summary)Prior2YearDuration8642517000JPY
Net sales (5-year summary)Prior1YearDuration16549607000JPY
Net sales (5-year summary)CurrentYearDuration16602585000JPY
Ordinary income loss (5-year summary)Prior4YearDuration-JPY
Ordinary income loss (5-year summary)Prior3YearDuration-JPY
Ordinary income loss (5-year summary)Prior2YearDuration4484500000JPY
Ordinary income loss (5-year summary)Prior1YearDuration8405617000JPY
Ordinary income loss (5-year summary)CurrentYearDuration4970895000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration-JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration-JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration2646864000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration5788644000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration2894372000JPY
Comprehensive income (5-year summary)Prior4YearDuration-JPY
Comprehensive income (5-year summary)Prior3YearDuration-JPY
Comprehensive income (5-year summary)Prior2YearDuration2646864000JPY
Comprehensive income (5-year summary)Prior1YearDuration5788644000JPY
Comprehensive income (5-year summary)CurrentYearDuration2896928000JPY
Net assets (5-year summary)Prior4YearInstant-JPY
Net assets (5-year summary)Prior3YearInstant-JPY
Net assets (5-year summary)Prior2YearInstant5599632000JPY
Net assets (5-year summary)Prior1YearInstant9019149000JPY

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