Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-27

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100XZ4Q (2026-04-15).

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥52.9bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥51.3bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥47.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥45.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥41.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥5.7bn	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥6.8bn	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	¥5.5bn	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥7.0bn	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥5.6bn	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥7.8bn	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥7.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥4.9bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥7.0bn	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	¥3.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥5.0bn	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥4.0bn	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥5.6bn	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥5.1bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥3.4bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥5.0bn	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥57.8bn	at 2025-12-31	Cons.	Assets
Total assets	¥58.9bn	at 2024-12-31	Cons.	Assets
Total assets	¥53.4bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥52.8bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥48.2bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥8.7bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥10.1bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥49.1bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥48.8bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥45.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥44.0bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥40.2bn	at 2021-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥11.8bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥13.8bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥11.5bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥13.8bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥11.3bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥12.3bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥13.3bn	at 2021-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥5.4bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥7.6bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥4.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥5.0bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥6.6bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥3.0bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.5bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥3.1bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥3.9bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥4.0bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥4.9bn	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.9bn	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.8bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥2.6bn	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥1.9bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥106.26	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥154.12	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥122.99	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥171.49	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥157.17	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,543.67	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,499.2	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,411.56	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,352.52	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,236.41	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	84.9%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	82.9%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	86.0%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.4%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	83.3%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	7.0%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	10.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	8.9%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.2%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	13.4%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,237	at 2025-12-31	Cons.	Number of employees
Employees	1,188	at 2024-12-31	Cons.	Number of employees
Employees	1,140	at 2023-12-31^v	Cons.	Number of employees
Employees	1,097	at 2022-12-31^v	Cons.	Number of employees
Employees	1,038	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥47.0bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥45.6bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥42.5bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥41.8bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥39.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥5.0bn	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥6.1bn	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	¥5.5bn	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥6.4bn	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥4.9bn	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥8.0bn	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥6.9bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥4.3bn	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥6.4bn	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	¥3.1bn	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥4.8bn	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥3.2bn	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥5.5bn	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥5.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥49.8bn	at 2025-12-31	Standalone	Assets
Total assets	¥52.6bn	at 2024-12-31	Standalone	Assets
Total assets	¥48.4bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥49.5bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥45.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥8.0bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥9.4bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥41.8bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥43.1bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥41.4bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥41.2bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥38.1bn	at 2021-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥6.5bn	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥9.0bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥95.27	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥146.68	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥99.37	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥170.16	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥153.38	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥88	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥88	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥88	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥86	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥68	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,316.26	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,324.6	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,273.65	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,268.22	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,172.79	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	84.0%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	82.1%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	85.6%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	83.3%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	83.4%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	7.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	11.3%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.8%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.9%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	13.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	32,305,534	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	33,117,234	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	941	at 2025-12-31	Standalone	Number of employees
Employees	904	at 2024-12-31	Standalone	Number of employees
Employees	870	at 2023-12-31^v	Standalone	Number of employees
Employees	842	at 2022-12-31^v	Standalone	Number of employees
Employees	810	at 2021-12-31^d	Standalone	Number 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 · 1,368

Item	Context	Value	Unit
Provision for bonuses sga	Prior1YearDuration	454398000	JPY
Provision for bonuses sga	CurrentYearDuration	466859000	JPY
Retirement benefit expenses sga	Prior1YearDuration	299777000	JPY
Retirement benefit expenses sga	CurrentYearDuration	307433000	JPY
Provision of allowance for doubtful accounts sga	Prior1YearDuration	-14103000	JPY
Provision of allowance for doubtful accounts sga	CurrentYearDuration	47979000	JPY
Research and development expenses sga	Prior1YearDuration	2452412000	JPY
Research and development expenses sga	CurrentYearDuration	2672584000	JPY
Cash and deposits	Prior1YearInstant_NonConsolidatedMember	8960370000	JPY
Cash and deposits	CurrentYearInstant_NonConsolidatedMember	6537252000	JPY
Notes receivable trade	Prior1YearInstant_NonConsolidatedMember	158357000	JPY
Notes receivable trade	CurrentYearInstant_NonConsolidatedMember	93168000	JPY
Accounts receivable trade	Prior1YearInstant_NonConsolidatedMember	6162096000	JPY
Accounts receivable trade	CurrentYearInstant_NonConsolidatedMember	6556812000	JPY
Merchandise and finished goods	Prior1YearInstant_NonConsolidatedMember	5197804000	JPY
Merchandise and finished goods	CurrentYearInstant_NonConsolidatedMember	4805312000	JPY
Work in process	Prior1YearInstant_NonConsolidatedMember	57150000	JPY
Work in process	CurrentYearInstant_NonConsolidatedMember	48022000	JPY
Raw materials and supplies	Prior1YearInstant_NonConsolidatedMember	1983082000	JPY
Raw materials and supplies	CurrentYearInstant_NonConsolidatedMember	2089304000	JPY
Short term loans receivable to subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	－	JPY
Short term loans receivable to subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	516600000	JPY
Prepaid expenses	Prior1YearInstant_NonConsolidatedMember	182689000	JPY
Prepaid expenses	CurrentYearInstant_NonConsolidatedMember	182060000	JPY
Other ca	Prior1YearInstant_NonConsolidatedMember	455247000	JPY
Other ca	CurrentYearInstant_NonConsolidatedMember	302746000	JPY
Allowance for doubtful accounts ca	Prior1YearInstant_NonConsolidatedMember	-14103000	JPY
Allowance for doubtful accounts ca	CurrentYearInstant_NonConsolidatedMember	-62082000	JPY
Current assets	Prior1YearInstant_NonConsolidatedMember	23142695000	JPY
Current assets	CurrentYearInstant_NonConsolidatedMember	21069196000	JPY
Buildings net	Prior1YearInstant_NonConsolidatedMember	6429914000	JPY
Buildings net	CurrentYearInstant_NonConsolidatedMember	7658595000	JPY
Structures net	Prior1YearInstant_NonConsolidatedMember	83254000	JPY
Structures net	CurrentYearInstant_NonConsolidatedMember	126180000	JPY
Machinery and equipment net	Prior1YearInstant_NonConsolidatedMember	1837435000	JPY
Machinery and equipment net	CurrentYearInstant_NonConsolidatedMember	1750114000	JPY
Vehicles net	Prior1YearInstant_NonConsolidatedMember	17130000	JPY
Vehicles net	CurrentYearInstant_NonConsolidatedMember	30560000	JPY
Tools furniture and fixtures net	Prior1YearInstant_NonConsolidatedMember	830460000	JPY
Tools furniture and fixtures net	CurrentYearInstant_NonConsolidatedMember	881942000	JPY
Land	Prior1YearInstant_NonConsolidatedMember	6324093000	JPY
Land	CurrentYearInstant_NonConsolidatedMember	6284491000	JPY
Construction in progress	Prior1YearInstant_NonConsolidatedMember	1631955000	JPY
Construction in progress	CurrentYearInstant_NonConsolidatedMember	1235183000	JPY
Property plant and equipment	Prior1YearInstant_NonConsolidatedMember	17154245000	JPY
Property plant and equipment	CurrentYearInstant_NonConsolidatedMember	17967068000	JPY
Software	Prior1YearInstant_NonConsolidatedMember	1265819000	JPY
Software	CurrentYearInstant_NonConsolidatedMember	989444000	JPY
Other ia	Prior1YearInstant_NonConsolidatedMember	29462000	JPY
Other ia	CurrentYearInstant_NonConsolidatedMember	199971000	JPY

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 identity	consolidated 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass
balance sheet identity	non_consolidated 2024-12-31	pass rounding
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass