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- CONSOLITATED FINANCIAL SUMMARY
CONSOLITATED FINANCIAL SUMMARY
Financial Position
(Millions of yen)
| FY2022 (Mar) | FY2023 (Mar) | FY2024 (Mar) | FY2025 (Mar) | FY2025 (Dec) | |
|---|---|---|---|---|---|
| Total assets | 54,032 | 55,235 | 54,380 | 53,241 | 51,908 |
| Total liabilities | 42,188 | 39,481 | 37,416 | 35,029 | 34,141 |
| Net assets | 11,843 | 15,753 | 16,963 | 18,211 | 17,766 |
| Equity | 11,843 | 15,753 | 16,963 | 18,139 | 17,632 |
| Equity ratio (%) | 21.92 | 28.52 | 31.19 | 34.07 | 33.97 |
| Net interest-bearing debt | 17,494 | 14,601 | 13,716 | 11,500 | 13,256 |
| Net D/E ratio (x) | 1.5 | 0.9 | 0.8 | 0.6 | 0.8 |
| Number of employees | 1,605 | 1,619 | 1,661 | 1,725 | 1,846 |
・Equity = Total net assets − Stock acquisition rights − Non-controlling interests
・Equity ratio = Equity ÷ Total assets × 100
・Net interest-bearing debt = Interest-bearing debt − Cash and deposits
・Net D/E ratio = Net interest-bearing debt ÷ Equity
Cash Flow
(Millions of yen)
| FY2022 (Mar) | FY2023 (Mar) | FY2024 (Mar) | FY2025 (Mar) | FY2025 (Dec) | |
|---|---|---|---|---|---|
| Operating cash flow | 6,652 | 3,545 | 3,812 | 5,462 | 1,195 |
| Investing cash flow | -401 | -375 | -2,504 | -786 | ‐3,042 |
| Financing cash flow | 1,014 | -2,419 | -4,392 | -5,001 | -634 |
| Net increase in cash and cash equivalents | 7,264 | 750 | -3,084 | -325 | ‐2,481 |
| Cash and cash equivalents at beginning of period | 4,203 | 11,468 | 12,218 | 9,134 | 8,809 |
| Cash and cash equivalents at end of period | 11,468 | 12,218 | 9,134 | 8,809 | 6,327 |
| Free cash flow | 6,250 | 3,169 | 1,308 | 4,675 | -1,846 |
Investment & Cost Indicators
(Millions of yen)
| FY2022 (Mar) | FY2023 (Mar) | FY2024 (Mar) | FY2025 (Mar) | FY2025 (Dec) | |
|---|---|---|---|---|---|
| CapEx | 730 | 1,778 | 3,207 | 1,862 | 1,609 |
| Depreciation and amortization | 2,093 | 1,792 | 1,881 | 2,054 | 1,414 |
| Advertising expenses | 2,504 | 3,134 | 3,748 | 3,703 | 3,618 |
| Impairment loss | 1,664 | 710 | 530 | 820 | 1,219 |
Analysis of Financial Position
Total assets at the end of the current consolidated fiscal period amounted to 51,908 million yen, a decrease of 1,332 million yen compared to the end of the previous consolidated fiscal year. This decrease was primarily due to a reduction of 2,487 million yen in cash and deposits.
Total liabilities at the end of the current consolidated fiscal year amounted to 34,141 million yen, a decrease of 888 million yen compared to the end of the previous consolidated fiscal year. This decrease resulted from a 1,105 million yen increase in current liabilities offset by a 1,994 million yen decrease in non-current liabilities. The primary factor driving this change was a shift in the composition of borrowings: short-term borrowings increased by 2,250 million yen, while long-term borrowings decreased by 2,043 million yen.
Net assets at the end of the current consolidated fiscal period decreased by 514 million yen compared to the end of the previous consolidated fiscal year, amounting to 17,766 million yen. This decrease was primarily due to a reduction of 444 million yen in retained earnings resulting from dividend payments and other factors.
Overview of Cash Flows for the Current Period
Cash and cash equivalents (hereinafter referred to as “funds”) for the current consolidated fiscal year decreased by 2,481 million yen compared to the end of the previous consolidated fiscal year, amounting to 6,327 million yen. This decrease resulted from factors including net income before taxes and other adjustments of 46 million yen, expenditures related to business acquisitions, and repayments of borrowings.
The status of each cash flow category and the factors affecting them during the current consolidated fiscal year are as follows.
Note that the current fiscal year is an irregular fiscal period spanning nine months from April 1 to December 31, 2025, due to a change in the fiscal year-end. Therefore, no comparative figures for the same period of the previous fiscal year are provided.
Cash Flows from Operating Activities
Net cash provided by operating activities amounted to 1,195 million yen. This was primarily due to the recording of depreciation and amortization of 1,453 million yen and impairment loss of 1,219 million yen.
Cash Flows from Investing Activities
Cash used in investing activities amounted to 3,042 million yen. This was primarily due to the recognition of expenditures of 2,078 million yen for the acquisition of tangible fixed assets and 800 million yen for the acquisition of a business.
Cash Flows from Financing Activities
Cash used in financing activities amounted to 634 million yen. This was primarily due to the recognition of dividend payments of 437 million yen.
