Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 160
MetricValuePeriodScopeSource row
Revenue¥422.1bn2025-01-01 → 2025-12-31Cons.Revenue IFRS (5-year summary)
Revenue¥412.9bn2024-01-01 → 2024-12-31Cons.Revenue IFRS (5-year summary)
Revenue¥402.8bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥389.9bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥366.2bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥36.4bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥28.4bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥39.4bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥32.2bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥22.4bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥31.3bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥34.1bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥27.6bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥21.2bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥14.6bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥21.9bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥23.8bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥31.0bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥24.1bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Net income¥16.7bn2023-01-01 → 2023-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥23.1bn2022-01-01 → 2022-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥25.4bn2021-01-01 → 2021-12-31dCons.Profit loss IFRS (5-year summary)
Total assets¥528.6bnat 2025-12-31Cons.Assets IFRS
Total assets¥497.2bnat 2024-12-31Cons.Assets IFRS
Total assets¥486.4bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥469.3bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥428.0bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥180.2bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥181.5bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥348.4bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥315.7bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥298.1bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥322.7bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥293.7bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥280.3bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥264.3bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥251.6bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥88.1bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥102.2bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥85.5bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥101.1bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥97.3bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥40.6bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥43.7bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥30.1bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥42.0bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥19.3bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥43.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥7.7bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥34.8bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥19.5bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥34.2bn2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥12.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥21.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥11.8bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥19.8bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥10.2bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥99.742025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥76.512024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥51.422023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥77.042022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥81.732021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥99.642025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥76.412024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥51.352023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥76.912022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥81.592021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥1,166.54at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,062.7at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥985.43at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥929.72at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥865.31at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio61.1%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio59.1%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio57.6%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio56.3%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio58.8%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE9.0%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE7.4%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE5.4%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE8.5%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE9.8%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees8,346at 2025-12-31Cons.Number of employees
Employees7,654at 2024-12-31Cons.Number of employees
Employees7,550at 2023-12-31vCons.Number of employees
Employees7,587at 2022-12-31vCons.Number of employees
Employees7,584at 2021-12-31dCons.Number of employees
Revenue¥225.5bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥224.4bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥230.8bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥231.3bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥230.5bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥11.8bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥9.8bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥21.8bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥18.7bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥8.1bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥17.3bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥28.5bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥21.9bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥15.9bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥18.7bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥13.3bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥7.5bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥13.9bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥27.0bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥325.0bnat 2025-12-31StandaloneAssets
Total assets¥319.9bnat 2024-12-31StandaloneAssets
Total assets¥319.1bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥332.4bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥326.5bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥110.7bnat 2025-12-31StandaloneLiabilities
Total liabilities¥117.2bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥214.4bnat 2025-12-31StandaloneNet assets
Net assets / equity¥202.7bnat 2024-12-31StandaloneNet assets
Net assets / equity¥206.1bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥204.4bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥206.9bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥59.0bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥74.8bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥67.532025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥47.862024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥26.472023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥48.722022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥92.712021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥67.472025-01-01 → 2025-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥47.792024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥26.432023-01-01 → 2023-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥48.632022-01-01 → 2022-12-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥92.562021-01-01 → 2021-12-31dStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥302025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥272024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥262023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥252022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥242021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥774.89at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥733.26at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥724.32at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥718.75at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥711.27at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio66.0%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio63.4%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio64.6%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio61.5%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio63.3%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE9.0%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE6.5%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE3.7%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE6.8%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE13.6%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued279,782,746at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued284,432,746at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued292,536,446at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued292,536,446at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued299,115,346at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees3,059at 2025-12-31StandaloneNumber of employees
Employees3,068at 2024-12-31StandaloneNumber of employees
Employees3,132at 2023-12-31vStandaloneNumber of employees
Employees3,190at 2022-12-31vStandaloneNumber of employees
Employees3,165at 2021-12-31dStandaloneNumber 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 · 7
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2025-12-31241 pure
General Use Consumable Products Businessreportable segmentemployeesat 2025-12-312651 pure
Industrial Products Businessreportable segmentemployeesat 2025-12-31600 pure
Overseas Businessreportable segmentemployeesat 2025-12-314282 pure
General Use Consumable Products Businessreportable segmentemployeesat 2025-12-312363 pure
Industrial Products Businessreportable segmentemployeesat 2025-12-313 pure
Overseas Businessreportable segmentemployeesat 2025-12-31121 pure

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

All source rows · 2,136
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)EY新日本有限責任監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)林     美  岐
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)多  田  雅  之
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)値引き、リベート等に係る返金負債の算定
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【連結財務諸表注記】3.重要性がある会計方針 (15)収益
Reference2 kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【連結財務諸表注記】14.営業債務及びその他の債務
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Short description kam consolidatedFilingDateInstant_Row2Member
Original text (Japanese)Merap Lion Holding Limited Liability Companyの株式取得に伴う取得原価の配分
Description including reason kam consolidated (text)FilingDateInstant_Row2MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row2Member
Original text (Japanese)【連結財務諸表注記】34.企業結合
Reference2 kam consolidatedFilingDateInstant_Row2Member
Original text (Japanese)【連結財務諸表注記】11.のれんおよび無形資産 (4)重要な無形資産および減損テスト
Auditors response kam consolidated (text)FilingDateInstant_Row2MemberText · 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)EY新日本有限責任監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)林     美  岐
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)多  田  雅  之
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)値引き、リベート等に係る返金負債の算定
Same as kam for consolidated fskam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【注記事項】5 収益および費用の計上基準
Reference2 kam non consolidatedFilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Revenue IFRS (5-year summary)Prior4YearDuration366234000000JPY
Revenue IFRS (5-year summary)Prior3YearDuration389869000000JPY
Revenue IFRS (5-year summary)Prior2YearDuration402767000000JPY
Revenue IFRS (5-year summary)Prior1YearDuration412943000000JPY
Revenue IFRS (5-year summary)CurrentYearDuration422092000000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration34089000000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration31292000000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration22375000000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration32249000000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration39433000000JPY
Profit loss IFRS (5-year summary)Prior4YearDuration25431000000JPY
Profit loss IFRS (5-year summary)Prior3YearDuration23110000000JPY
Profit loss IFRS (5-year summary)Prior2YearDuration16687000000JPY
Profit loss IFRS (5-year summary)Prior1YearDuration24072000000JPY
Profit loss IFRS (5-year summary)CurrentYearDuration31049000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration23759000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration21939000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration14624000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration21197000000JPY

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 · 19 of 19 passed
balance sheet identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass