Annual report

Period2025-03-21 → 2026-03-20
Filed2026-06-19
StandardJapan GAAP
ConsolidatedNo
Data checks12 of 13 passed
Key figures · 116
MetricValuePeriodScopeSource row
Revenue¥5.8bn2025-03-21 → 2026-03-20StandaloneNet sales
Revenue¥7.5bn2024-03-21 → 2025-03-20StandaloneNet sales
Revenue¥8.5bn2023-03-21 → 2024-03-20vStandaloneNet sales (5-year summary)
Revenue¥7.0bn2022-03-21 → 2023-03-20vStandaloneNet sales (5-year summary)
Revenue¥4.2bn2022-03-21 → 2023-03-20vStandaloneNet sales (5-year summary)
Revenue¥7.7bn2021-03-21 → 2022-03-20vStandaloneNet sales (5-year summary)
Revenue¥7.4bn2021-03-21 → 2022-03-20vStandaloneNet sales (5-year summary)
Operating income−¥708m2025-03-21 → 2026-03-20StandaloneOperating income
Operating income−¥277m2024-03-21 → 2025-03-20StandaloneOperating income
Ordinary income−¥795m2025-03-21 → 2026-03-20StandaloneOrdinary income
Ordinary income−¥329m2024-03-21 → 2025-03-20StandaloneOrdinary income
Ordinary income¥130m2023-03-21 → 2024-03-20vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥125m2023-03-21 → 2024-03-20vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥46m2022-03-21 → 2023-03-20vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥70m2022-03-21 → 2023-03-20vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥225m2021-03-21 → 2022-03-20vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥145m2021-03-21 → 2022-03-20vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥1.1bn2025-03-21 → 2026-03-20StandaloneIncome before income taxes
Profit before tax−¥490m2024-03-21 → 2025-03-20StandaloneIncome before income taxes
Net income (owners)¥48m2023-03-21 → 2024-03-20vStandaloneProfit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥46m2022-03-21 → 2023-03-20vStandaloneProfit loss attributable to owners of parent (5-year summary)
Net income (owners)¥486m2021-03-21 → 2022-03-20vStandaloneProfit loss attributable to owners of parent (5-year summary)
Net income−¥1.1bn2025-03-21 → 2026-03-20StandaloneProfit loss
Net income−¥545m2024-03-21 → 2025-03-20StandaloneProfit loss
Net income¥37m2023-03-21 → 2024-03-20vStandaloneNet income loss (5-year summary)
Net income−¥112m2022-03-21 → 2023-03-20vStandaloneNet income loss (5-year summary)
Net income¥424m2021-03-21 → 2022-03-20vStandaloneNet income loss (5-year summary)
Total assets¥4.4bnat 2026-03-20StandaloneAssets
Total assets¥4.8bnat 2025-03-20StandaloneAssets
Total assets¥5.3bnat 2024-03-20vStandaloneTotal assets (5-year summary)
Total assets¥5.3bnat 2024-03-20vStandaloneTotal assets (5-year summary)
Total assets¥4.9bnat 2023-03-20vStandaloneTotal assets (5-year summary)
Total assets¥4.6bnat 2023-03-20vStandaloneTotal assets (5-year summary)
Total assets¥4.3bnat 2022-03-20vStandaloneTotal assets (5-year summary)
Total assets¥3.9bnat 2022-03-20vStandaloneTotal assets (5-year summary)
Total liabilities¥4.3bnat 2026-03-20StandaloneLiabilities
Total liabilities¥4.5bnat 2025-03-20StandaloneLiabilities
Net assets / equity¥45mat 2026-03-20StandaloneNet assets
Net assets / equity¥233mat 2025-03-20StandaloneNet assets
Net assets / equity¥786mat 2024-03-20vStandaloneNet assets
Net assets / equity¥935mat 2024-03-20vStandaloneNet assets (5-year summary)
Net assets / equity¥871mat 2023-03-20vStandaloneNet assets (5-year summary)
Net assets / equity¥742mat 2023-03-20vStandaloneNet assets (5-year summary)
Net assets / equity¥1.0bnat 2022-03-20vStandaloneNet assets (5-year summary)
Net assets / equity¥950mat 2022-03-20vStandaloneNet assets (5-year summary)
Cash and deposits¥1.0bnat 2026-03-20StandaloneCash and deposits
Cash and deposits¥504mat 2025-03-20StandaloneCash and deposits
Cash & equivalents¥690mat 2026-03-20StandaloneCash and cash equivalents
Cash & equivalents¥504mat 2025-03-20StandaloneCash and cash equivalents
Cash & equivalents¥409mat 2024-03-20vStandaloneCash and cash equivalents
Cash & equivalents¥416mat 2024-03-20vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥593mat 2023-03-20vStandaloneCash and cash equivalents (5-year summary)
Cash & equivalents¥724mat 2022-03-20vStandaloneCash and cash equivalents (5-year summary)
Operating cash flow−¥155m2025-03-21 → 2026-03-20StandaloneNet cash provided by used in operating activities
Operating cash flow−¥107m2024-03-21 → 2025-03-20StandaloneNet cash provided by used in operating activities
Operating cash flow¥8m2023-03-21 → 2024-03-20vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow−¥843m2022-03-21 → 2023-03-20vStandaloneNet cash provided by used in operating activities (5-year summary)
Operating cash flow−¥375m2021-03-21 → 2022-03-20vStandaloneNet cash provided by used in operating activities (5-year summary)
Investing cash flow−¥383m2025-03-21 → 2026-03-20StandaloneNet cash provided by used in investment activities
Investing cash flow−¥144m2024-03-21 → 2025-03-20StandaloneNet cash provided by used in investment activities
Investing cash flow−¥55m2023-03-21 → 2024-03-20vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow−¥99m2022-03-21 → 2023-03-20vStandaloneNet cash provided by used in investing activities (5-year summary)
Investing cash flow¥177m2021-03-21 → 2022-03-20vStandaloneNet cash provided by used in investing activities (5-year summary)
Financing cash flow¥723m2025-03-21 → 2026-03-20StandaloneNet cash provided by used in financing activities
Financing cash flow¥346m2024-03-21 → 2025-03-20StandaloneNet cash provided by used in financing activities
Financing cash flow−¥131m2023-03-21 → 2024-03-20vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow¥811m2022-03-21 → 2023-03-20vStandaloneNet cash provided by used in financing activities (5-year summary)
Financing cash flow¥442m2021-03-21 → 2022-03-20vStandaloneNet cash provided by used in financing activities (5-year summary)
EPS (basic)¥-414.632025-03-21 → 2026-03-20StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-267.692024-03-21 → 2025-03-20StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.392023-03-21 → 2024-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥17.992023-03-21 → 2024-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-22.782022-03-21 → 2023-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-55.152022-03-21 → 2023-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥239.682021-03-21 → 2022-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥209.52021-03-21 → 2022-03-20vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥21.632023-03-21 → 2024-03-20vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥16.642023-03-21 → 2024-03-20vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥166.352021-03-21 → 2022-03-20vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥145.412021-03-21 → 2022-03-20vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥152023-03-21 → 2024-03-20vStandaloneDividend paid per share (5-year summary)
Dividend per share¥102022-03-21 → 2023-03-20vStandaloneDividend paid per share (5-year summary)
Dividend per share¥502021-03-21 → 2022-03-20vStandaloneDividend paid per share (5-year summary)
Net assets per share¥13.06at 2026-03-20StandaloneNet assets per share (5-year summary)
Net assets per share¥113.07at 2025-03-20StandaloneNet assets per share (5-year summary)
Net assets per share¥456.12at 2024-03-20vStandaloneNet assets per share (5-year summary)
Net assets per share¥383.06at 2024-03-20vStandaloneNet assets per share (5-year summary)
Net assets per share¥424.45at 2023-03-20vStandaloneNet assets per share (5-year summary)
Net assets per share¥361.11at 2023-03-20vStandaloneNet assets per share (5-year summary)
Net assets per share¥501.09at 2022-03-20vStandaloneNet assets per share (5-year summary)
Net assets per share¥463.92at 2022-03-20vStandaloneNet assets per share (5-year summary)
Equity ratio0.9%at 2026-03-20StandaloneEquity to asset ratio (5-year summary)
Equity ratio4.8%at 2025-03-20StandaloneEquity to asset ratio (5-year summary)
Equity ratio17.5%at 2024-03-20vStandaloneEquity to asset ratio (5-year summary)
Equity ratio14.7%at 2024-03-20vStandaloneEquity to asset ratio (5-year summary)
Equity ratio17.5%at 2023-03-20vStandaloneEquity to asset ratio (5-year summary)
Equity ratio16.0%at 2023-03-20vStandaloneEquity to asset ratio (5-year summary)
Equity ratio23.9%at 2022-03-20vStandaloneEquity to asset ratio (5-year summary)
ROE-840.0%2025-03-21 → 2026-03-20StandaloneRate of return on equity (5-year summary)
ROE-107.9%2024-03-21 → 2025-03-20StandaloneRate of return on equity (5-year summary)
ROE5.3%2023-03-21 → 2024-03-20vStandaloneRate of return on equity (5-year summary)
ROE4.8%2023-03-21 → 2024-03-20vStandaloneRate of return on equity (5-year summary)
ROE-4.9%2022-03-21 → 2023-03-20vStandaloneRate of return on equity (5-year summary)
ROE-13.4%2022-03-21 → 2023-03-20vStandaloneRate of return on equity (5-year summary)
ROE47.6%2021-03-21 → 2022-03-20vStandaloneRate of return on equity (5-year summary)
ROE58.5%2021-03-21 → 2022-03-20vStandaloneRate of return on equity (5-year summary)
Shares issued3,167,000at 2026-03-20StandaloneTotal number of issued shares (5-year summary)
Shares issued2,040,000at 2025-03-20StandaloneTotal number of issued shares (5-year summary)
Shares issued2,040,000at 2024-03-20vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,040,000at 2023-03-20vStandaloneTotal number of issued shares (5-year summary)
Shares issued2,038,000at 2022-03-20vStandaloneTotal number of issued shares (5-year summary)
Employees52at 2026-03-20StandaloneNumber of employees
Employees57at 2025-03-20StandaloneNumber of employees
Employees61at 2024-03-20vStandaloneNumber of employees
Employees65at 2023-03-20vStandaloneNumber of employees
Employees66at 2022-03-20vStandaloneNumber 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 · 62
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-03-21 → 2026-03-20¥17m
Reconciling Itemsreconcilingdepreciation2025-03-21 → 2026-03-20¥20m
Reconciling Itemsreconcilingsegment assetsat 2026-03-20¥1.3bn
Reconciling Itemsreconcilingsegment ordinary income2025-03-21 → 2026-03-20−¥617m
Cosmetic Wholesale Divisionreportable segmentdepreciation2025-03-21 → 2026-03-20¥1m
Cosmetic Wholesale Divisionreportable segmentemployeesat 2026-03-2011 pure
Cosmetic Wholesale Divisionreportable segmentrevenue2025-03-21 → 2026-03-20¥1.6bn
Cosmetic Wholesale Divisionreportable segmentrevenue external2025-03-21 → 2026-03-20¥1.6bn
Cosmetic Wholesale Divisionreportable segmentsegment assetsat 2026-03-20¥625m
Cosmetic Wholesale Divisionreportable segmentsegment ordinary income2025-03-21 → 2026-03-20−¥161m
Fashion Retail Sales Divisionreportable segmentcapex2025-03-21 → 2026-03-20¥106m
Fashion Retail Sales Divisionreportable segmentdepreciation2025-03-21 → 2026-03-20¥36m
Fashion Retail Sales Divisionreportable segmentemployeesat 2026-03-2032 pure
Fashion Retail Sales Divisionreportable segmentrevenue2025-03-21 → 2026-03-20¥3.9bn
Fashion Retail Sales Divisionreportable segmentrevenue external2025-03-21 → 2026-03-20¥3.9bn
Fashion Retail Sales Divisionreportable segmentsegment assetsat 2026-03-20¥2.0bn
Fashion Retail Sales Divisionreportable segmentsegment ordinary income2025-03-21 → 2026-03-20−¥63m
Foreign Investment Departmentreportable segmentemployeesat 2026-03-201 pure
Foreign Investment Departmentreportable segmentrevenue2025-03-21 → 2026-03-20¥196m
Foreign Investment Departmentreportable segmentrevenue external2025-03-21 → 2026-03-20¥196m
Foreign Investment Departmentreportable segmentsegment assetsat 2026-03-20¥15m
Foreign Investment Departmentreportable segmentsegment ordinary income2025-03-21 → 2026-03-20¥15m
Store Lease Sectionreportable segmentrevenue2025-03-21 → 2026-03-20¥35m
Store Lease Sectionreportable segmentrevenue external2025-03-21 → 2026-03-20¥35m
Store Lease Sectionreportable segmentsegment assetsat 2026-03-20¥429m
Store Lease Sectionreportable segmentsegment ordinary income2025-03-21 → 2026-03-20¥31m
—segment totalcapex2025-03-21 → 2026-03-20¥106m
—segment totaldepreciation2025-03-21 → 2026-03-20¥37m
—segment totalemployeesat 2026-03-2044 pure
—segment totalrevenue2025-03-21 → 2026-03-20¥5.8bn
—segment totalrevenue external2025-03-21 → 2026-03-20¥5.8bn
—segment totalsegment assetsat 2026-03-20¥3.1bn
—segment totalsegment ordinary income2025-03-21 → 2026-03-20−¥178m
Reconciling Itemsreconcilingcapex2024-03-21 → 2025-03-20¥7m
Reconciling Itemsreconcilingdepreciation2024-03-21 → 2025-03-20¥13m
Reconciling Itemsreconcilingsegment assetsat 2025-03-20¥835m
Reconciling Itemsreconcilingsegment ordinary income2024-03-21 → 2025-03-20−¥467m
Cosmetic Wholesale Divisionreportable segmentdepreciation2024-03-21 → 2025-03-20¥1m
Cosmetic Wholesale Divisionreportable segmentrevenue2024-03-21 → 2025-03-20¥3.2bn
Cosmetic Wholesale Divisionreportable segmentrevenue external2024-03-21 → 2025-03-20¥3.2bn
Cosmetic Wholesale Divisionreportable segmentsegment assetsat 2025-03-20¥1.0bn
Cosmetic Wholesale Divisionreportable segmentsegment ordinary income2024-03-21 → 2025-03-20¥98m
Fashion Retail Sales Divisionreportable segmentcapex2024-03-21 → 2025-03-20¥232m
Fashion Retail Sales Divisionreportable segmentdepreciation2024-03-21 → 2025-03-20¥64m
Fashion Retail Sales Divisionreportable segmentrevenue2024-03-21 → 2025-03-20¥4.1bn
Fashion Retail Sales Divisionreportable segmentrevenue external2024-03-21 → 2025-03-20¥4.1bn
Fashion Retail Sales Divisionreportable segmentsegment assetsat 2025-03-20¥2.5bn
Fashion Retail Sales Divisionreportable segmentsegment ordinary income2024-03-21 → 2025-03-20−¥1m
Foreign Investment Departmentreportable segmentrevenue2024-03-21 → 2025-03-20¥181m
Foreign Investment Departmentreportable segmentrevenue external2024-03-21 → 2025-03-20¥181m
Foreign Investment Departmentreportable segmentsegment assetsat 2025-03-20¥8m
Foreign Investment Departmentreportable segmentsegment ordinary income2024-03-21 → 2025-03-20¥11m
Store Lease Sectionreportable segmentrevenue2024-03-21 → 2025-03-20¥35m
Store Lease Sectionreportable segmentrevenue external2024-03-21 → 2025-03-20¥35m
Store Lease Sectionreportable segmentsegment assetsat 2025-03-20¥429m
Store Lease Sectionreportable segmentsegment ordinary income2024-03-21 → 2025-03-20¥31m
—segment totalcapex2024-03-21 → 2025-03-20¥232m
—segment totaldepreciation2024-03-21 → 2025-03-20¥65m
—segment totalrevenue2024-03-21 → 2025-03-20¥7.5bn
—segment totalrevenue external2024-03-21 → 2025-03-20¥7.5bn
—segment totalsegment assetsat 2025-03-20¥3.9bn
—segment totalsegment ordinary income2024-03-21 → 2025-03-20¥137m

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

All source rows · 1,179
ItemContextValueUnit
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsTreasurySharesEtcMember3600
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember3157400
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember31574
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember6228
Number of shares issued shares voting rightsCurrentYearInstant3167228
Number of voting rights issued shares voting rightsCurrentYearInstant31574
Number of shares held in own name treasury shares etcCurrentYearInstant_Row1Member3600
Number of shares held in others names treasury shares etcCurrentYearInstant_Row1Member-
Total number of shares held treasury shares etcCurrentYearInstant_Row1Member3600
Shareholding ratio treasury shares etcCurrentYearInstant_Row1Member0.0011
Number of shares held in own name treasury shares etcCurrentYearInstant3600
Number of shares held in others names treasury shares etcCurrentYearInstant-
Total number of shares held treasury shares etcCurrentYearInstant3600
Shareholding ratio treasury shares etcCurrentYearInstant0.0011
Number of male directors and other officersFilingDateInstant6
Number of female directors and other officersFilingDateInstant-
Ratio of female directors and other officersFilingDateInstant-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000SekidoMasamiMember198200
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000YugeHideakiMember2700
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000KotegawaDaisukeMember-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000TanakaShogoMember1500
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000SugiiTakashiMember4600
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E03160-000NishikawaTetsuyaMember2500
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant209500
Audit fees reporting companyPrior1YearDuration13500000JPY
Non audit fees reporting companyPrior1YearDuration-JPY
Audit fees reporting companyCurrentYearDuration29000000JPY
Non audit fees reporting companyCurrentYearDuration-JPY
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember43823000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember43823000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_DirectorsExcludingOutsideDirectorsMember2
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_CorporateAuditorsExcludingOutsideCorporateAuditorsMember-
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember18000000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember18000000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Retirement benefits remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember-JPY
Number of directors and other officers remuneration etc by category of directors and other officersCurrentYearDuration_OutsideDirectorsAndOtherOfficersMember4
Number of issues shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant-
Carrying amount shares not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant-JPY
Number of issues shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant5
Carrying amount shares other than those not listed investment shares held for purposes other than pure investment reporting companyCurrentYearInstant163673000JPY

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 · 12 of 13 passed
balance sheet identitynon_consolidated 2025-03-20pass
balance sheet identitynon_consolidated 2026-03-20pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2024-03-20mismatch
statement vs summary · net assetsnon_consolidated 2025-03-20pass
statement vs summary · net assetsnon_consolidated 2026-03-20pass
statement vs summary · operating cash flownon_consolidated 2024-03-21/2025-03-20pass
statement vs summary · operating cash flownon_consolidated 2025-03-21/2026-03-20pass
statement vs summary · revenuenon_consolidated 2024-03-21/2025-03-20pass
statement vs summary · revenuenon_consolidated 2025-03-21/2026-03-20pass
statement vs summary · total assetsnon_consolidated 2025-03-20pass
statement vs summary · total assetsnon_consolidated 2026-03-20pass