Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥55.8bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥56.4bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥52.0bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥45.8bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥47.1bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥920m2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥2.1bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.0bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥1.7bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥2.7bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥591m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.3bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.2bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥1.7bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥655m2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.1bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.0bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥347m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.7bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥743m2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥1.2bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥57.5bnat 2026-03-31Cons.Assets
Total assets¥59.5bnat 2025-03-31Cons.Assets
Total assets¥60.7bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥53.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥54.3bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥19.8bnat 2026-03-31Cons.Liabilities
Total liabilities¥22.1bnat 2025-03-31Cons.Liabilities
Net assets / equity¥37.6bnat 2026-03-31Cons.Net assets
Net assets / equity¥37.4bnat 2025-03-31Cons.Net assets
Net assets / equity¥37.6bnat 2024-03-31vCons.Net assets
Net assets / equity¥34.5bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥34.7bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥6.1bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥8.2bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥6.1bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥9.2bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥13.8bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥9.2bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥8.9bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥799m2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.3bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥7.1bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.0bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥3.0bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥3.2bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥4.5bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.9bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.9bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.7bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥661m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.3bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥587m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥703m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.4bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥27.512025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥46.12024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥81.292023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥14.412022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥68.852021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥1,534.71at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,520.31at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,507.69at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,389.82at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,402.17at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio63.6%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio60.9%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio59.9%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio63.3%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio62.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE1.8%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE3.0%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE5.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE1.0%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE5.1%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees1,393at 2026-03-31Cons.Number of employees
Employees1,391at 2025-03-31Cons.Number of employees
Employees1,395at 2024-03-31vCons.Number of employees
Employees1,412at 2023-03-31vCons.Number of employees
Employees1,416at 2022-03-31vCons.Number of employees
Revenue¥36.1bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥37.1bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥37.3bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥31.7bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥34.2bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥268m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥1.3bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥941m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥1.7bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥2.4bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥96m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.7bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.1bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥1.7bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥910m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥1.3bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥1.8bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥74m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥1.3bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥45.6bnat 2026-03-31StandaloneAssets
Total assets¥46.9bnat 2025-03-31StandaloneAssets
Total assets¥50.0bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥44.8bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥45.7bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥14.3bnat 2026-03-31StandaloneLiabilities
Total liabilities¥15.8bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥31.3bnat 2026-03-31StandaloneNet assets
Net assets / equity¥31.1bnat 2025-03-31StandaloneNet assets
Net assets / equity¥31.2bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥29.2bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥29.7bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥4.8bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥6.7bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥38.22025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥56.012024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥75.912023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥3.082022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥54.562021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥522025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥322024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥322023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥202022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥282021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,314.37at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,304.36at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,295.61at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,210.15at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,233.27at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio68.7%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio66.2%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio62.5%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio65.1%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio65.0%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE2.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE4.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE6.1%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE0.3%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE4.5%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued24,500,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued24,500,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued24,500,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued24,500,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued24,500,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees708at 2026-03-31StandaloneNumber of employees
Employees708at 2025-03-31StandaloneNumber of employees
Employees729at 2024-03-31vStandaloneNumber of employees
Employees740at 2023-03-31vStandaloneNumber of employees
Employees751at 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.

All source rows · 1,373
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)PwC Japan有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)手 塚 謙 二
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)黒栁 康太郎
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)共和レザー株式会社における繰延税金資産の回収可能性
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)連結財務諸表注記「重要な会計上の見積り」(2)
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)PwC Japan有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)手 塚 謙 二
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)黒栁 康太郎
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)子会社株式、関連会社株式及び関係会社出資金の評価
Description including reason kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)財務諸表注記「重要な会計上の見積り」(1)
Auditors response kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Short description kam non consolidatedFilingDateInstant_Row2Member
Original text (Japanese)繰延税金資産の回収可能性
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row2MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row2Member
Original text (Japanese)財務諸表注記「重要な会計上の見積り」(2)
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration47096000000JPY
Net sales (5-year summary)Prior3YearDuration45792000000JPY
Net sales (5-year summary)Prior2YearDuration52037000000JPY
Net sales (5-year summary)Prior1YearDuration56397000000JPY
Net sales (5-year summary)CurrentYearDuration55816000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration2285000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration591000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration2704000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration1679000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration1006000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration1684000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration347000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration1958000000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration1100000000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration655000000JPY
Comprehensive income (5-year summary)Prior4YearDuration2194000000JPY
Comprehensive income (5-year summary)Prior3YearDuration429000000JPY
Comprehensive income (5-year summary)Prior2YearDuration3621000000JPY
Comprehensive income (5-year summary)Prior1YearDuration1139000000JPY
Comprehensive income (5-year summary)CurrentYearDuration1469000000JPY

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
balance sheet identityconsolidated 2026-03-31pass rounding
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