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 receivable tradeCurrentYearInstant-JPY
Accounts receivable tradePrior1YearInstant1555892000JPY
Accounts receivable tradeCurrentYearInstant1382648000JPY
Contract assetsPrior1YearInstant302422000JPY
Contract assetsCurrentYearInstant388463000JPY
Electronically recorded monetary claims operating caPrior1YearInstant634364000JPY
Electronically recorded monetary claims operating caCurrentYearInstant307798000JPY
Merchandise and finished goodsPrior1YearInstant7957000JPY
Merchandise and finished goodsCurrentYearInstant8486000JPY
Work in processPrior1YearInstant393442000JPY
Work in processCurrentYearInstant256194000JPY
Raw materials and suppliesPrior1YearInstant266698000JPY
Raw materials and suppliesCurrentYearInstant1219006000JPY
Other caPrior1YearInstant69437000JPY
Other caCurrentYearInstant237118000JPY
Allowance for doubtful accounts caPrior1YearInstant-290302000JPY
Allowance for doubtful accounts caCurrentYearInstant-184195000JPY
Current assetsPrior1YearInstant7157953000JPY
Current assetsCurrentYearInstant8458556000JPY
Buildings and structures netPrior1YearInstant3399483000JPY
Buildings and structures netCurrentYearInstant2523897000JPY
Machinery equipment and vehicles netPrior1YearInstant764390000JPY
Machinery equipment and vehicles netCurrentYearInstant60127000JPY
LandPrior1YearInstant3161138000JPY
LandCurrentYearInstant2581252000JPY
Lease assets net ppePrior1YearInstant23134000JPY
Lease assets net ppeCurrentYearInstant16460000JPY
Construction in progressPrior1YearInstant194509000JPY
Construction in progressCurrentYearInstant0JPY
Other net ppePrior1YearInstant42645000JPY
Other net ppeCurrentYearInstant5835000JPY
Property plant and equipmentPrior1YearInstant7585302000JPY
Property plant and equipmentCurrentYearInstant5187572000JPY
Other iaPrior1YearInstant55667000JPY
Other iaCurrentYearInstant1471000JPY
Intangible assetsPrior1YearInstant55667000JPY
Intangible assetsCurrentYearInstant1471000JPY
Investment securitiesPrior1YearInstant998838000JPY
Investment securitiesCurrentYearInstant821045000JPY
Guarantee deposits ioaPrior1YearInstant25750000JPY
Guarantee deposits ioaCurrentYearInstant25817000JPY
Net defined benefit assetPrior1YearInstant11852000JPY
Net defined benefit assetCurrentYearInstant-JPY
Deferred tax assetsPrior1YearInstant73780000JPY
Deferred tax assetsCurrentYearInstant84818000JPY
Other ioaPrior1YearInstant57287000JPY
Other ioaCurrentYearInstant63109000JPY
Allowance for doubtful accounts ioa by groupPrior1YearInstant-2662000JPY
Allowance for doubtful accounts ioa by groupCurrentYearInstant-2662000JPY
Investments and other assetsPrior1YearInstant1164846000JPY

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