Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-24
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 150
MetricValuePeriodScopeSource row
Revenue¥29.3bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥25.2bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥20.7bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥26.4bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥16.5bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥1.2bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥912m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.2bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥796m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥587m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥2.1bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥4.5bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.1bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥2.1bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥1.2bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.7bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥901m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥13.3bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥4.8bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.2bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥1.8bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥39.3bnat 2026-03-31Cons.Assets
Total assets¥38.4bnat 2025-03-31Cons.Assets
Total assets¥31.6bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥32.1bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥59.9bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥15.5bnat 2026-03-31Cons.Liabilities
Total liabilities¥15.3bnat 2025-03-31Cons.Liabilities
Net assets / equity¥23.9bnat 2026-03-31Cons.Net assets
Net assets / equity¥23.0bnat 2025-03-31Cons.Net assets
Net assets / equity¥19.9bnat 2024-03-31vCons.Net assets
Net assets / equity¥18.9bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥16.1bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥12.0bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥11.4bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥10.4bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥11.2bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥12.2bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥14.4bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.6bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥2.0bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.6bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥81m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥4.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥2.2bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥2.0bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥478m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥53.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥588m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥260m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥36m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥42.7bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥4.0bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥69.952025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥109.252024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥55.32023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥1,252.772022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-469.732021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥61.912025-04-01 → 2026-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥91.962024-04-01 → 2025-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥47.72023-04-01 → 2024-03-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥934.582022-04-01 → 2023-03-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,150.85at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥995.22at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥890.58at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥829.4at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥-870.09at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio60.6%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio56.0%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio63.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio59.0%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio26.8%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE5.2%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE8.4%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE4.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE76.0%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
Employees2,032at 2026-03-31Cons.Number of employees
Employees1,985at 2025-03-31Cons.Number of employees
Employees1,726at 2024-03-31vCons.Number of employees
Employees1,678at 2023-03-31vCons.Number of employees
Employees1,832at 2022-03-31vCons.Number of employees
Revenue¥7.3bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥6.6bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥6.6bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥15.7bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥9.9bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥442m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥82m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥40m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥263m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥859m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥369m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.9bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥10m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥7m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥416m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income−¥129m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥926m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥13.3bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥4.8bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥25.7bnat 2026-03-31StandaloneAssets
Total assets¥24.9bnat 2025-03-31StandaloneAssets
Total assets¥26.2bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥27.1bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥54.9bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥5.8bnat 2026-03-31StandaloneLiabilities
Total liabilities¥5.4bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥19.9bnat 2026-03-31StandaloneNet assets
Net assets / equity¥19.6bnat 2025-03-31StandaloneNet assets
Net assets / equity¥19.8bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥19.0bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥16.1bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥6.7bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥7.0bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥20.672025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-12.992024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥572023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥1,254.62022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-468.092021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥22.072025-04-01 → 2026-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥49.072023-04-01 → 2024-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥935.942022-04-01 → 2023-03-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥62025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥52024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥52023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥889.31at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥871.5at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥888.7at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥831.12at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥-867.06at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio77.3%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio78.5%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio75.7%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio70.0%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio29.3%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE2.1%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE4.8%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE76.0%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued15,303,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued15,303,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued15,303,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued15,303,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,271,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees1,141at 2026-03-31StandaloneNumber of employees
Employees1,096at 2025-03-31StandaloneNumber of employees
Employees1,032at 2024-03-31vStandaloneNumber of employees
Employees994at 2023-03-31vStandaloneNumber of employees
Employees1,096at 2022-03-31vStandaloneNumber 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 · 2
SegmentItemPeriodValue
Hotelreportable segmentemployeesat 2026-03-312032 pure
Hotelreportable segmentemployeesat 2026-03-311141 pure

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

All source rows · 1,628
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)有限責任 あずさ監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)山  田  徹  雄
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)雨  河  竜  夫  
Audit opinion consolidated (text)FilingDateInstantText · Plus
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)繰延税金資産の回収可能性に関する判断の妥当性
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(税効果会計関係)
Reference2 kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(重要な会計上の見積り)
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)有限責任 あずさ監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)山  田  徹  雄
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)雨  河  竜  夫
Audit opinion non consolidated (text)FilingDateInstantText · Plus
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)繰延税金資産の回収可能性に関する判断の妥当性
Description including reason kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(税効果会計関係)
Reference2 kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)注記事項(重要な会計上の見積り)
Auditors response kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration16465000000JPY
Net sales (5-year summary)Prior3YearDuration26397000000JPY
Net sales (5-year summary)Prior2YearDuration20668000000JPY
Net sales (5-year summary)Prior1YearDuration25164000000JPY
Net sales (5-year summary)CurrentYearDuration29273000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration-4550000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration-2129000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration587000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration796000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration1189000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration-4811000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration13315000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration901000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration1737000000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration1169000000JPY
Comprehensive income (5-year summary)Prior4YearDuration-4807000000JPY
Comprehensive income (5-year summary)Prior3YearDuration13347000000JPY
Comprehensive income (5-year summary)Prior2YearDuration934000000JPY
Comprehensive income (5-year summary)Prior1YearDuration1828000000JPY
Comprehensive income (5-year summary)CurrentYearDuration1206000000JPY
Net assets (5-year summary)Prior4YearInstant16088000000JPY

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 identityconsolidated 2025-03-31pass rounding
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass