Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-23
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥8.1bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥10.6bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥13.2bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥16.4bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥19.2bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥78m2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥220m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥68m2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥249m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥742m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥875m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥714m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥2.3bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥486m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥2.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥263m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥574m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥707m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥444m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥2.3bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥264m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥14.6bnat 2026-03-31Cons.Assets
Total assets¥16.0bnat 2025-03-31Cons.Assets
Total assets¥18.4bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥16.8bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥17.5bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥7.0bnat 2026-03-31Cons.Liabilities
Total liabilities¥5.9bnat 2025-03-31Cons.Liabilities
Net assets / equity¥7.7bnat 2026-03-31Cons.Net assets
Net assets / equity¥10.0bnat 2025-03-31Cons.Net assets
Net assets / equity¥10.0bnat 2024-03-31vCons.Net assets
Net assets / equity¥9.5bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥9.0bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥4.8bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥4.2bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥4.3bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥4.2bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥5.2bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥3.7bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.3bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.5bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥437m2024-04-01 → 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¥1.2bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.2bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥415m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥223m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥372m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥70m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥35m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥896m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥234m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥704m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥997m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-80.532025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥9.22024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥20.092023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥24.752022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥15.532021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥268.3at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥350.55at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥345.44at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥329.64at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥310.26at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio52.4%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio62.7%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio53.5%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio56.0%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio50.6%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE-26.0%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE2.6%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE6.0%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE7.7%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)
Employees217at 2026-03-31Cons.Number of employees
Employees229at 2025-03-31Cons.Number of employees
Employees241at 2024-03-31vCons.Number of employees
Employees273at 2023-03-31vCons.Number of employees
Employees290at 2022-03-31vCons.Number of employees
Revenue¥6.4bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥8.9bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥10.8bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥13.8bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥17.1bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥192m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥251,0002024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥71m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥89m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥523m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥386m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥600m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥2.1bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥85m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥2.0bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥46m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥410m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥260m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥375m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥11.7bnat 2026-03-31StandaloneAssets
Total assets¥13.2bnat 2025-03-31StandaloneAssets
Total assets¥14.6bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥13.9bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥14.9bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥5.9bnat 2026-03-31StandaloneLiabilities
Total liabilities¥5.3bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥5.7bnat 2026-03-31StandaloneNet assets
Net assets / equity¥7.9bnat 2025-03-31StandaloneNet assets
Net assets / equity¥8.1bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥7.8bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥7.7bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥2.2bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥2.0bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-71.532025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥1.62024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥14.342023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥9.082022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥13.112021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥62025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥62024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥62023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥62022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥62021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥200.61at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥276.64at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥281.91at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥272.66at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥269.59at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio49.1%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio60.0%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio55.2%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio56.1%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio51.8%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE-30.0%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE0.6%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE5.2%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.3%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE4.9%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued29,786,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued29,786,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued29,786,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued29,786,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued29,786,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees118at 2026-03-31StandaloneNumber of employees
Employees127at 2025-03-31StandaloneNumber of employees
Employees136at 2024-03-31vStandaloneNumber of employees
Employees175at 2023-03-31vStandaloneNumber of employees
Employees182at 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 · 37
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-04-01 → 2026-03-31−¥19m
Reconciling Itemsreconcilingrevenue intersegment2025-04-01 → 2026-03-31−¥19m
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥2.1bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentcapex2025-04-01 → 2026-03-31¥179m
Precision Lamination And High Functional Composite Material Departmentreportable segmentdepreciation2025-04-01 → 2026-03-31¥318m
Precision Lamination And High Functional Composite Material Departmentreportable segmentemployeesat 2026-03-3157 pure
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue2025-04-01 → 2026-03-31¥5.1bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue external2025-04-01 → 2026-03-31¥5.1bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥1m
Precision Lamination And High Functional Composite Material Departmentreportable segmentsegment assetsat 2026-03-31¥6.0bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentsegment profit2025-04-01 → 2026-03-31−¥150m
—segment totalcapex2025-04-01 → 2026-03-31¥254m
—segment totaldepreciation2025-04-01 → 2026-03-31¥492m
—segment totalrevenue2025-04-01 → 2026-03-31¥8.1bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥8.1bn
—segment totalrevenue intersegment2025-04-01 → 2026-03-31¥19m
—segment totalsegment assetsat 2026-03-31¥12.5bn
—segment totalsegment profit2025-04-01 → 2026-03-31−¥78m
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥3m
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥3m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥2.4bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31¥12m
Precision Lamination And High Functional Composite Material Departmentreportable segmentcapex2024-04-01 → 2025-03-31¥244m
Precision Lamination And High Functional Composite Material Departmentreportable segmentdepreciation2024-04-01 → 2025-03-31¥383m
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue2024-04-01 → 2025-03-31¥7.3bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue external2024-04-01 → 2025-03-31¥7.3bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥3m
Precision Lamination And High Functional Composite Material Departmentreportable segmentsegment assetsat 2025-03-31¥6.5bn
Precision Lamination And High Functional Composite Material Departmentreportable segmentsegment profit2024-04-01 → 2025-03-31−¥25m
—segment totalcapex2024-04-01 → 2025-03-31¥340m
—segment totaldepreciation2024-04-01 → 2025-03-31¥516m
—segment totalrevenue2024-04-01 → 2025-03-31¥10.6bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥10.6bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥3m
—segment totalsegment assetsat 2025-03-31¥13.6bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥208m
Precision Lamination And High Functional Composite Material Departmentreportable segmentemployeesat 2026-03-3153 pure

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

All source rows · 1,447
ItemContextValueUnit
Investments and other assetsCurrentYearInstant992127000JPY
Noncurrent assetsPrior1YearInstant8805816000JPY
Noncurrent assetsCurrentYearInstant6181171000JPY
AssetsPrior1YearInstant15963770000JPY
AssetsCurrentYearInstant14639728000JPY
Notes payable tradePrior1YearInstant116658000JPY
Notes payable tradeCurrentYearInstant29720000JPY
Accounts payable tradePrior1YearInstant377391000JPY
Accounts payable tradeCurrentYearInstant2071836000JPY
Electronically recorded obligations operating clPrior1YearInstant172569000JPY
Electronically recorded obligations operating clCurrentYearInstant321004000JPY
Short term loans payablePrior1YearInstant2650000000JPY
Short term loans payableCurrentYearInstant2080000000JPY
Current portion of bondsPrior1YearInstant32000000JPY
Current portion of bondsCurrentYearInstant-JPY
Current portion of long term loans payablePrior1YearInstant763880000JPY
Current portion of long term loans payableCurrentYearInstant1086919000JPY
Lease obligations clPrior1YearInstant7341000JPY
Lease obligations clCurrentYearInstant8870000JPY
Accounts payable otherPrior1YearInstant54936000JPY
Accounts payable otherCurrentYearInstant75185000JPY
Income taxes payablePrior1YearInstant37436000JPY
Income taxes payableCurrentYearInstant41056000JPY
Accrued consumption taxesPrior1YearInstant64579000JPY
Accrued consumption taxesCurrentYearInstant8896000JPY
Contract liabilitiesPrior1YearInstant72353000JPY
Contract liabilitiesCurrentYearInstant66994000JPY
Provision for bonusesPrior1YearInstant32306000JPY
Provision for bonusesCurrentYearInstant28810000JPY
Provision for product warrantiesPrior1YearInstant69768000JPY
Provision for product warrantiesCurrentYearInstant7945000JPY
Other clPrior1YearInstant94456000JPY
Other clCurrentYearInstant121685000JPY
Current liabilitiesPrior1YearInstant4545678000JPY
Current liabilitiesCurrentYearInstant5948925000JPY
Long term loans payablePrior1YearInstant1095067000JPY
Long term loans payableCurrentYearInstant657752000JPY
Lease obligations nclPrior1YearInstant18106000JPY
Lease obligations nclCurrentYearInstant16375000JPY
Net defined benefit liabilityPrior1YearInstant49225000JPY
Net defined benefit liabilityCurrentYearInstant77299000JPY
Deferred tax liabilitiesPrior1YearInstant197518000JPY
Deferred tax liabilitiesCurrentYearInstant233720000JPY
Other nclPrior1YearInstant41245000JPY
Other nclCurrentYearInstant39002000JPY
Noncurrent liabilitiesPrior1YearInstant1401163000JPY
Noncurrent liabilitiesCurrentYearInstant1024149000JPY
LiabilitiesPrior1YearInstant5946841000JPY
LiabilitiesCurrentYearInstant6973074000JPY
Capital stockPrior1YearInstant2000007000JPY

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 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