Annual report

Period2025-03-01 → 2026-02-28
Filed2026-05-20
StandardJapan GAAP
ConsolidatedYes
Data checks22 of 22 passed
Key figures · 152
MetricValuePeriodScopeSource row
Operating income−¥3.6bn2025-03-01 → 2026-02-28Cons.Operating income
Operating income−¥3.5bn2024-03-01 → 2025-02-28Cons.Operating income
Ordinary income−¥3.1bn2025-03-01 → 2026-02-28Cons.Ordinary income
Ordinary income−¥2.9bn2024-03-01 → 2025-02-28Cons.Ordinary income
Ordinary income¥10m2023-03-01 → 2024-02-29vCons.Ordinary income loss (5-year summary)
Ordinary income−¥142m2022-03-01 → 2023-02-28vCons.Ordinary income loss (5-year summary)
Ordinary income−¥2.8bn2021-03-01 → 2022-02-28dCons.Ordinary income loss (5-year summary)
Profit before tax−¥5.5bn2025-03-01 → 2026-02-28Cons.Income before income taxes
Profit before tax−¥7.4bn2024-03-01 → 2025-02-28Cons.Income before income taxes
Net income (owners)−¥5.6bn2025-03-01 → 2026-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)−¥6.8bn2024-03-01 → 2025-02-28Cons.Profit loss attributable to owners of parent
Net income (owners)−¥468m2023-03-01 → 2024-02-29vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥12.8bn2022-03-01 → 2023-02-28vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥3.9bn2021-03-01 → 2022-02-28dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥5.8bn2025-03-01 → 2026-02-28Cons.Profit loss
Net income−¥7.6bn2024-03-01 → 2025-02-28Cons.Profit loss
Total assets¥69.0bnat 2026-02-28Cons.Assets
Total assets¥74.7bnat 2025-02-28Cons.Assets
Total assets¥77.9bnat 2024-02-29vCons.Total assets (5-year summary)
Total assets¥79.2bnat 2023-02-28vCons.Total assets (5-year summary)
Total assets¥117.3bnat 2022-02-28dCons.Total assets (5-year summary)
Total liabilities¥41.8bnat 2026-02-28Cons.Liabilities
Total liabilities¥41.9bnat 2025-02-28Cons.Liabilities
Net assets / equity¥27.2bnat 2026-02-28Cons.Net assets
Net assets / equity¥32.8bnat 2025-02-28Cons.Net assets
Net assets / equity¥40.7bnat 2024-02-29vCons.Net assets
Net assets / equity¥40.6bnat 2023-02-28vCons.Net assets (5-year summary)
Net assets / equity¥28.5bnat 2022-02-28dCons.Net assets (5-year summary)
Cash and deposits¥11.2bnat 2026-02-28Cons.Cash and deposits
Cash and deposits¥11.1bnat 2025-02-28Cons.Cash and deposits
Cash & equivalents¥23.2bnat 2026-02-28Cons.Cash and cash equivalents
Cash & equivalents¥23.1bnat 2025-02-28Cons.Cash and cash equivalents
Cash & equivalents¥22.4bnat 2024-02-29vCons.Cash and cash equivalents
Cash & equivalents¥30.4bnat 2023-02-28vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥28.8bnat 2022-02-28dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.8bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in operating activities
Operating cash flow¥1.9bn2024-03-01 → 2025-02-28Cons.Net cash provided by used in operating activities
Operating cash flow¥585m2023-03-01 → 2024-02-29vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥2.1bn2022-03-01 → 2023-02-28vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥3.6bn2021-03-01 → 2022-02-28dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.5bn2025-03-01 → 2026-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥492m2024-03-01 → 2025-02-28Cons.Net cash provided by used in investment activities
Investing cash flow−¥7.8bn2023-03-01 → 2024-02-29vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥5.1bn2022-03-01 → 2023-02-28vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥22.1bn2021-03-01 → 2022-02-28dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥217m2025-03-01 → 2026-02-28Cons.Net cash provided by used in financing activities
Financing cash flow−¥806m2024-03-01 → 2025-02-28Cons.Net cash provided by used in financing activities
Financing cash flow−¥795m2023-03-01 → 2024-02-29vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.6bn2022-03-01 → 2023-02-28vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥4.9bn2021-03-01 → 2022-02-28dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-194.12025-03-01 → 2026-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-233.532024-03-01 → 2025-02-28Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-16.142023-03-01 → 2024-02-29vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥442.432022-03-01 → 2023-02-28vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-133.272021-03-01 → 2022-02-28dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥442.392022-03-01 → 2023-02-28vCons.Diluted earnings per share (5-year summary)
Net assets per share¥912.08at 2026-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥1,120.67at 2025-02-28Cons.Net assets per share (5-year summary)
Net assets per share¥1,366.28at 2024-02-29vCons.Net assets per share (5-year summary)
Net assets per share¥1,399.78at 2023-02-28vCons.Net assets per share (5-year summary)
Net assets per share¥980.41at 2022-02-28dCons.Net assets per share (5-year summary)
Equity ratio38.3%at 2026-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio43.5%at 2025-02-28Cons.Equity to asset ratio (5-year summary)
Equity ratio50.9%at 2024-02-29vCons.Equity to asset ratio (5-year summary)
Equity ratio51.3%at 2023-02-28vCons.Equity to asset ratio (5-year summary)
Equity ratio24.3%at 2022-02-28dCons.Equity to asset ratio (5-year summary)
ROE-19.1%2025-03-01 → 2026-02-28Cons.Rate of return on equity (5-year summary)
ROE-18.8%2024-03-01 → 2025-02-28Cons.Rate of return on equity (5-year summary)
ROE-1.2%2023-03-01 → 2024-02-29vCons.Rate of return on equity (5-year summary)
ROE37.2%2022-03-01 → 2023-02-28vCons.Rate of return on equity (5-year summary)
ROE-12.7%2021-03-01 → 2022-02-28dCons.Rate of return on equity (5-year summary)
Employees1,492at 2026-02-28Cons.Number of employees
Employees1,527at 2025-02-28Cons.Number of employees
Employees1,443at 2024-02-29vCons.Number of employees
Employees1,167at 2023-02-28vCons.Number of employees
Employees1,645at 2022-02-28dCons.Number of employees
Revenue¥43.1bn2025-03-01 → 2026-02-28StandaloneNet sales
Revenue¥27.5bn2025-03-01 → 2026-02-28StandaloneOperating revenue2
Revenue¥5.3bn2025-03-01 → 2026-02-28StandaloneOperating revenue2 (5-year summary)
Revenue¥35.5bn2024-03-01 → 2025-02-28StandaloneNet sales
Revenue¥30.7bn2024-03-01 → 2025-02-28StandaloneOperating revenue2
Revenue¥5.8bn2024-03-01 → 2025-02-28StandaloneOperating revenue2 (5-year summary)
Revenue¥26.4bn2023-03-01 → 2024-02-29vStandaloneNet sales (5-year summary)
Revenue¥5.9bn2023-03-01 → 2024-02-29vStandaloneOperating revenue2 (5-year summary)
Revenue¥30.6bn2022-03-01 → 2023-02-28vStandaloneNet sales (5-year summary)
Revenue¥6.2bn2022-03-01 → 2023-02-28vStandaloneOperating revenue2 (5-year summary)
Revenue¥28.2bn2021-03-01 → 2022-02-28dStandaloneNet sales (5-year summary)
Revenue¥5.8bn2021-03-01 → 2022-02-28dStandaloneOperating revenue2 (5-year summary)
Operating income−¥3.6bn2025-03-01 → 2026-02-28StandaloneOperating income
Operating income−¥2.6bn2024-03-01 → 2025-02-28StandaloneOperating income
Ordinary income−¥2.9bn2025-03-01 → 2026-02-28StandaloneOrdinary income
Ordinary income−¥2.0bn2024-03-01 → 2025-02-28StandaloneOrdinary income
Ordinary income¥243m2023-03-01 → 2024-02-29vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥76m2022-03-01 → 2023-02-28vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥484m2021-03-01 → 2022-02-28dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥5.3bn2025-03-01 → 2026-02-28StandaloneIncome before income taxes
Profit before tax−¥7.0bn2024-03-01 → 2025-02-28StandaloneIncome before income taxes
Net income−¥5.5bn2025-03-01 → 2026-02-28StandaloneProfit loss
Net income−¥7.1bn2024-03-01 → 2025-02-28StandaloneProfit loss
Net income−¥237m2023-03-01 → 2024-02-29vStandaloneNet income loss (5-year summary)
Net income¥9.8bn2022-03-01 → 2023-02-28vStandaloneNet income loss (5-year summary)
Net income−¥3.2bn2021-03-01 → 2022-02-28dStandaloneNet income loss (5-year summary)
Total assets¥66.7bnat 2026-02-28StandaloneAssets
Total assets¥72.6bnat 2025-02-28StandaloneAssets
Total assets¥75.8bnat 2024-02-29vStandaloneTotal assets (5-year summary)
Total assets¥77.4bnat 2023-02-28vStandaloneTotal assets (5-year summary)
Total assets¥93.5bnat 2022-02-28dStandaloneTotal assets (5-year summary)
Total liabilities¥40.5bnat 2026-02-28StandaloneLiabilities
Total liabilities¥40.4bnat 2025-02-28StandaloneLiabilities
Net assets / equity¥26.1bnat 2026-02-28StandaloneNet assets
Net assets / equity¥32.2bnat 2025-02-28StandaloneNet assets
Net assets / equity¥39.9bnat 2024-02-29vStandaloneNet assets
Net assets / equity¥40.7bnat 2023-02-28vStandaloneNet assets (5-year summary)
Net assets / equity¥31.5bnat 2022-02-28dStandaloneNet assets (5-year summary)
Cash and deposits¥10.2bnat 2026-02-28StandaloneCash and deposits
Cash and deposits¥10.7bnat 2025-02-28StandaloneCash and deposits
EPS (basic)¥-189.382025-03-01 → 2026-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-244.852024-03-01 → 2025-02-28StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-8.22023-03-01 → 2024-02-29vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥339.392022-03-01 → 2023-02-28vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-109.782021-03-01 → 2022-02-28dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥339.362022-03-01 → 2023-02-28vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥202025-03-01 → 2026-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥202024-03-01 → 2025-02-28StandaloneDividend paid per share (5-year summary)
Dividend per share¥202023-03-01 → 2024-02-29vStandaloneDividend paid per share (5-year summary)
Dividend per share¥202022-03-01 → 2023-02-28vStandaloneDividend paid per share (5-year summary)
Dividend per share¥202021-03-01 → 2022-02-28dStandaloneDividend paid per share (5-year summary)
Net assets per share¥901.29at 2026-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥1,109.75at 2025-02-28StandaloneNet assets per share (5-year summary)
Net assets per share¥1,374.54at 2024-02-29vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,402.21at 2023-02-28vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,085.91at 2022-02-28dStandaloneNet assets per share (5-year summary)
Equity ratio39.2%at 2026-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio44.4%at 2025-02-28StandaloneEquity to asset ratio (5-year summary)
Equity ratio52.6%at 2024-02-29vStandaloneEquity to asset ratio (5-year summary)
Equity ratio52.6%at 2023-02-28vStandaloneEquity to asset ratio (5-year summary)
Equity ratio33.7%at 2022-02-28dStandaloneEquity to asset ratio (5-year summary)
ROE-18.8%2025-03-01 → 2026-02-28StandaloneRate of return on equity (5-year summary)
ROE-19.7%2024-03-01 → 2025-02-28StandaloneRate of return on equity (5-year summary)
ROE-0.6%2023-03-01 → 2024-02-29vStandaloneRate of return on equity (5-year summary)
ROE27.3%2022-03-01 → 2023-02-28vStandaloneRate of return on equity (5-year summary)
ROE-9.5%2021-03-01 → 2022-02-28dStandaloneRate of return on equity (5-year summary)
Shares issued29,372,000at 2026-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued29,372,000at 2025-02-28StandaloneTotal number of issued shares (5-year summary)
Shares issued29,372,000at 2024-02-29vStandaloneTotal number of issued shares (5-year summary)
Shares issued29,372,000at 2023-02-28vStandaloneTotal number of issued shares (5-year summary)
Shares issued29,372,000at 2022-02-28dStandaloneTotal number of issued shares (5-year summary)
Employees692at 2026-02-28StandaloneNumber of employees
Employees657at 2025-02-28StandaloneNumber of employees
Employees624at 2024-02-29vStandaloneNumber of employees
Employees607at 2023-02-28vStandaloneNumber of employees
Employees656at 2022-02-28dStandaloneNumber 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 · 37
SegmentItemPeriodValue
Domesticreportable segmentcapex2025-03-01 → 2026-02-28¥3.4bn
Domesticreportable segmentdepreciation2025-03-01 → 2026-02-28¥1.6bn
Domesticreportable segmentemployeesat 2026-02-28695 pure
Domesticreportable segmentrevenue external2025-03-01 → 2026-02-28¥82.3bn
Domesticreportable segmentrevenue intersegment2025-03-01 → 2026-02-28¥124m
Domesticreportable segmentsegment assetsat 2026-02-28¥44.2bn
Domesticreportable segmentsegment profit2025-03-01 → 2026-02-28−¥3.3bn
Overseasreportable segmentcapex2025-03-01 → 2026-02-28¥123m
Overseasreportable segmentdepreciation2025-03-01 → 2026-02-28¥3m
Overseasreportable segmentemployeesat 2026-02-28797 pure
Overseasreportable segmentrevenue external2025-03-01 → 2026-02-28¥9.4bn
Overseasreportable segmentsegment assetsat 2026-02-28¥1.5bn
Overseasreportable segmentsegment profit2025-03-01 → 2026-02-28−¥274m
—segment totalcapex2025-03-01 → 2026-02-28¥3.6bn
—segment totaldepreciation2025-03-01 → 2026-02-28¥1.6bn
—segment totalrevenue external2025-03-01 → 2026-02-28¥91.8bn
—segment totalrevenue intersegment2025-03-01 → 2026-02-28¥124m
—segment totalsegment assetsat 2026-02-28¥45.7bn
—segment totalsegment profit2025-03-01 → 2026-02-28−¥3.6bn
Domesticreportable segmentcapex2024-03-01 → 2025-02-28¥4.3bn
Domesticreportable segmentdepreciation2024-03-01 → 2025-02-28¥2.9bn
Domesticreportable segmentrevenue external2024-03-01 → 2025-02-28¥78.0bn
Domesticreportable segmentrevenue intersegment2024-03-01 → 2025-02-28¥115m
Domesticreportable segmentsegment assetsat 2025-02-28¥49.0bn
Domesticreportable segmentsegment profit2024-03-01 → 2025-02-28−¥2.4bn
Overseasreportable segmentcapex2024-03-01 → 2025-02-28¥300m
Overseasreportable segmentdepreciation2024-03-01 → 2025-02-28¥134m
Overseasreportable segmentrevenue external2024-03-01 → 2025-02-28¥9.5bn
Overseasreportable segmentsegment assetsat 2025-02-28¥1.7bn
Overseasreportable segmentsegment profit2024-03-01 → 2025-02-28−¥1.1bn
—segment totalcapex2024-03-01 → 2025-02-28¥4.6bn
—segment totaldepreciation2024-03-01 → 2025-02-28¥3.1bn
—segment totalrevenue external2024-03-01 → 2025-02-28¥87.5bn
—segment totalrevenue intersegment2024-03-01 → 2025-02-28¥115m
—segment totalsegment assetsat 2025-02-28¥50.7bn
—segment totalsegment profit2024-03-01 → 2025-02-28−¥3.5bn
Domesticreportable segmentemployeesat 2026-02-28692 pure

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

All source rows · 1,692
ItemContextValueUnit
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.337
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.526
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.526
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.444
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.392
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember-0.095
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.273
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember-0.006
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember-0.197
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember-0.188
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember4.1
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.059
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Number of employeesPrior4YearInstant_NonConsolidatedMember656
Number of employeesPrior3YearInstant_NonConsolidatedMember607
Number of employeesPrior2YearInstant_NonConsolidatedMember624
Number of employeesPrior1YearInstant_NonConsolidatedMember657
Number of employeesCurrentYearInstant_NonConsolidatedMember692
Average number of temporary workersPrior4YearInstant_NonConsolidatedMember1682
Average number of temporary workersPrior3YearInstant_NonConsolidatedMember1767
Average number of temporary workersPrior2YearInstant_NonConsolidatedMember1411
Average number of temporary workersPrior1YearInstant_NonConsolidatedMember1771
Average number of temporary workersCurrentYearInstant_NonConsolidatedMember2228
Total shareholder returnPrior4YearInstant_NonConsolidatedMember1.069
Total shareholder returnPrior3YearInstant_NonConsolidatedMember1.050
Total shareholder returnPrior2YearInstant_NonConsolidatedMember1.194
Total shareholder returnPrior1YearInstant_NonConsolidatedMember1.270
Total shareholder returnCurrentYearInstant_NonConsolidatedMember1.464
Total return on share price indexPrior4YearInstant_NonConsolidatedMember1.034
Total return on share price indexPrior3YearInstant_NonConsolidatedMember1.122
Total return on share price indexPrior2YearInstant_NonConsolidatedMember1.544
Total return on share price indexPrior1YearInstant_NonConsolidatedMember1.584
Total return on share price indexCurrentYearInstant_NonConsolidatedMember2.384
Number of employeesCurrentYearInstant_jpcrp030000-asr_E03188-000DomesticReportableSegmentsMember695
Average number of temporary workersCurrentYearInstant_jpcrp030000-asr_E03188-000DomesticReportableSegmentsMember2229
Number of employeesCurrentYearInstant_jpcrp030000-asr_E03188-000OverseasReportableSegmentsMember797
Average number of temporary workersCurrentYearInstant_jpcrp030000-asr_E03188-000OverseasReportableSegmentsMember1918
Number of employeesCurrentYearInstant1492
Average number of temporary workersCurrentYearInstant4147
Number of employeesCurrentYearInstant_NonConsolidatedMember692
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember45
Average age months information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember9

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 · 22 of 22 passed
balance sheet identityconsolidated 2025-02-28pass rounding
balance sheet identityconsolidated 2026-02-28pass rounding
balance sheet identitynon_consolidated 2025-02-28pass rounding
balance sheet identitynon_consolidated 2026-02-28pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-02-29pass
statement vs summary · net assetsconsolidated 2025-02-28pass
statement vs summary · net assetsconsolidated 2026-02-28pass
statement vs summary · net assetsnon_consolidated 2024-02-29pass
statement vs summary · net assetsnon_consolidated 2025-02-28pass
statement vs summary · net assetsnon_consolidated 2026-02-28pass
statement vs summary · net income attributable to parentconsolidated 2024-03-01/2025-02-28pass
statement vs summary · net income attributable to parentconsolidated 2025-03-01/2026-02-28pass
statement vs summary · operating cash flowconsolidated 2024-03-01/2025-02-28pass
statement vs summary · operating cash flowconsolidated 2025-03-01/2026-02-28pass
statement vs summary · revenuenon_consolidated 2024-03-01/2025-02-28pass
statement vs summary · revenuenon_consolidated 2025-03-01/2026-02-28pass
statement vs summary · total assetsconsolidated 2025-02-28pass
statement vs summary · total assetsconsolidated 2026-02-28pass
statement vs summary · total assetsnon_consolidated 2025-02-28pass
statement vs summary · total assetsnon_consolidated 2026-02-28pass