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
Notes securities consolidated financial statements (text)CurrentYearDurationText · Plus
Notes retirement benefits consolidated financial statements (text)CurrentYearDurationText · Plus
Notes tax effect accounting consolidated financial statements (text)CurrentYearDurationText · Plus
Notes revenue recognition consolidated financial statements (text)CurrentYearDurationText · Plus
Notes segment information etc consolidated financial statements (text)CurrentYearDurationText · Plus
Description of reportable segments (text)CurrentYearDurationText · Plus
Explanation of measurements of sales profit loss asset liability and other items for each reportable segment (text)CurrentYearDurationText · Plus
Footnotes regarding segment information table (text)Prior1YearDurationText · Plus
Footnotes regarding segment information table (text)CurrentYearDurationText · Plus
Information for each product or service (text)Prior1YearDurationText · Plus
Revenues from external customers information for each region (text)Prior1YearDurationText · Plus
Property plant and equipment information for each region (text)Prior1YearDurationText · Plus
Information for each of main customers (text)Prior1YearDurationText · Plus
Information for each product or service (text)CurrentYearDurationText · Plus
Revenues from external customers information for each region (text)CurrentYearDurationText · Plus
Property plant and equipment information for each region (text)CurrentYearDurationText · Plus
Information for each of main customers (text)CurrentYearDurationText · Plus
Notes related parties consolidated financial statements (text)CurrentYearDurationText · Plus
Notes per share information consolidated financial statements (text)CurrentYearDurationText · Plus
Notes significant events after reporting period consolidated financial statements (text)CurrentYearDurationText · Plus
Annexed consolidated detailed schedule of corporate bonds (text)CurrentYearDurationText · Plus
Annexed consolidated detailed schedule of borrowings (text)CurrentYearDurationText · Plus
Annexed consolidated detailed schedule of asset retirement obligations (text)CurrentYearDurationText · Plus
Other information consolidated financial statements etc (text)CurrentYearDurationText · Plus
Balance sheet (text)CurrentYearDurationText · Plus
Statement of income (text)CurrentYearDurationText · Plus
Statement of changes in equity (text)CurrentYearDurationText · Plus
Notes significant accounting policies financial statements (text)CurrentYearDurationText · Plus
Significant accounting estimates financial statements (text)CurrentYearDurationText · Plus
Notes changes in presentation financial statements (text)CurrentYearDurationText · Plus
Notes regarding assets and liabilities incurred from transactions with affiliated entities (text)CurrentYearInstant_NonConsolidatedMemberText · Plus
Notes regarding guarantee obligations (text)CurrentYearInstant_NonConsolidatedMemberText · Plus
Debtors notes regarding overdraft contracts and or loan commitments (text)CurrentYearInstant_NonConsolidatedMemberText · Plus
Notes regarding total amount of operating transactions from or to affiliated entities and total amount of non operating transactions from or to affiliated entities (text)CurrentYearDuration_NonConsolidatedMemberText · Plus
Major components of selling general and administrative expenses (text)CurrentYearDuration_NonConsolidatedMemberText · Plus
Notes securities financial statements (text)CurrentYearDurationText · Plus
Notes tax effect accounting financial statements (text)CurrentYearDurationText · Plus
Notes revenue recognition financial statements (text)CurrentYearDurationText · Plus
Notes significant events after reporting period financial statements (text)CurrentYearDurationText · Plus
Annexed detailed schedule of property plant and equipment etc (text)CurrentYearDurationText · Plus
Annexed detailed schedule of provisions (text)CurrentYearDurationText · Plus
Components of major assets and liabilities (text)CurrentYearDurationText · Plus
Other information financial statements etc (text)CurrentYearDurationText · Plus
Overview of operational procedures for shares (text)FilingDateInstantText · Plus
Information about parent company etc of reporting company (text)FilingDateInstantText · Plus
Other reference information (text)FilingDateInstantText · Plus
Information about company which provides guarantee to reporting company (text)FilingDateInstantText · Plus

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