Annual report
4931.TEDINET S100XA5Q
Period2024-10-01 → 2025-09-30
Filed2025-12-16
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 158
| Metric | Value | Period | Scope | Source row |
|---|---|---|---|---|
| Revenue | ¥41.1bn | 2024-10-01 → 2025-09-30 | Cons. | Net sales |
| Revenue | ¥40.0bn | 2023-10-01 → 2024-09-30 | Cons. | Net sales |
| Revenue | ¥37.7bn | 2022-10-01 → 2023-09-30v | Cons. | Net sales (5-year summary) |
| Revenue | ¥36.1bn | 2021-10-01 → 2022-09-30v | Cons. | Net sales (5-year summary) |
| Revenue | ¥33.9bn | 2020-10-01 → 2021-09-30d | Cons. | Net sales (5-year summary) |
| Operating income | ¥4.8bn | 2024-10-01 → 2025-09-30 | Cons. | Operating income |
| Operating income | ¥4.2bn | 2023-10-01 → 2024-09-30 | Cons. | Operating income |
| Ordinary income | ¥4.9bn | 2024-10-01 → 2025-09-30 | Cons. | Ordinary income |
| Ordinary income | ¥4.1bn | 2023-10-01 → 2024-09-30 | Cons. | Ordinary income |
| Ordinary income | ¥3.7bn | 2022-10-01 → 2023-09-30v | Cons. | Ordinary income loss (5-year summary) |
| Ordinary income | ¥3.5bn | 2021-10-01 → 2022-09-30v | Cons. | Ordinary income loss (5-year summary) |
| Ordinary income | ¥3.4bn | 2020-10-01 → 2021-09-30d | Cons. | Ordinary income loss (5-year summary) |
| Profit before tax | ¥4.1bn | 2024-10-01 → 2025-09-30 | Cons. | Income before income taxes |
| Profit before tax | ¥4.1bn | 2023-10-01 → 2024-09-30 | Cons. | Income before income taxes |
| Net income (owners) | ¥2.6bn | 2024-10-01 → 2025-09-30 | Cons. | Profit loss attributable to owners of parent |
| Net income (owners) | ¥2.8bn | 2023-10-01 → 2024-09-30 | Cons. | Profit loss attributable to owners of parent |
| Net income (owners) | ¥2.4bn | 2022-10-01 → 2023-09-30v | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income (owners) | ¥2.4bn | 2021-10-01 → 2022-09-30v | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income (owners) | ¥2.3bn | 2020-10-01 → 2021-09-30d | Cons. | Profit loss attributable to owners of parent (5-year summary) |
| Net income | ¥2.6bn | 2024-10-01 → 2025-09-30 | Cons. | Profit loss |
| Net income | ¥2.8bn | 2023-10-01 → 2024-09-30 | Cons. | Profit loss |
| Total assets | ¥28.3bn | at 2025-09-30 | Cons. | Assets |
| Total assets | ¥27.2bn | at 2024-09-30 | Cons. | Assets |
| Total assets | ¥25.5bn | at 2023-09-30v | Cons. | Total assets (5-year summary) |
| Total assets | ¥23.9bn | at 2022-09-30v | Cons. | Total assets (5-year summary) |
| Total assets | ¥23.2bn | at 2021-09-30d | Cons. | Total assets (5-year summary) |
| Total liabilities | ¥5.4bn | at 2025-09-30 | Cons. | Liabilities |
| Total liabilities | ¥5.4bn | at 2024-09-30 | Cons. | Liabilities |
| Net assets / equity | ¥22.8bn | at 2025-09-30 | Cons. | Net assets |
| Net assets / equity | ¥21.8bn | at 2024-09-30 | Cons. | Net assets |
| Net assets / equity | ¥19.7bn | at 2023-09-30v | Cons. | Net assets |
| Net assets / equity | ¥17.9bn | at 2022-09-30v | Cons. | Net assets (5-year summary) |
| Net assets / equity | ¥16.2bn | at 2021-09-30d | Cons. | Net assets (5-year summary) |
| Cash and deposits | ¥18.1bn | at 2025-09-30 | Cons. | Cash and deposits |
| Cash and deposits | ¥16.3bn | at 2024-09-30 | Cons. | Cash and deposits |
| Cash & equivalents | ¥17.1bn | at 2025-09-30 | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥16.3bn | at 2024-09-30 | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥15.5bn | at 2023-09-30v | Cons. | Cash and cash equivalents |
| Cash & equivalents | ¥14.4bn | at 2022-09-30v | Cons. | Cash and cash equivalents (5-year summary) |
| Cash & equivalents | ¥13.7bn | at 2021-09-30d | Cons. | Cash and cash equivalents (5-year summary) |
| Operating cash flow | ¥4.7bn | 2024-10-01 → 2025-09-30 | Cons. | Net cash provided by used in operating activities |
| Operating cash flow | ¥2.1bn | 2023-10-01 → 2024-09-30 | Cons. | Net cash provided by used in operating activities |
| Operating cash flow | ¥3.5bn | 2022-10-01 → 2023-09-30v | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Operating cash flow | ¥2.3bn | 2021-10-01 → 2022-09-30v | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Operating cash flow | ¥2.1bn | 2020-10-01 → 2021-09-30d | Cons. | Net cash provided by used in operating activities (5-year summary) |
| Investing cash flow | −¥1.8bn | 2024-10-01 → 2025-09-30 | Cons. | Net cash provided by used in investment activities |
| Investing cash flow | −¥382m | 2023-10-01 → 2024-09-30 | Cons. | Net cash provided by used in investment activities |
| Investing cash flow | −¥208m | 2022-10-01 → 2023-09-30v | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Investing cash flow | −¥496m | 2021-10-01 → 2022-09-30v | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Investing cash flow | −¥1.4bn | 2020-10-01 → 2021-09-30d | Cons. | Net cash provided by used in investing activities (5-year summary) |
| Financing cash flow | −¥2.1bn | 2024-10-01 → 2025-09-30 | Cons. | Net cash provided by used in financing activities |
| Financing cash flow | −¥902m | 2023-10-01 → 2024-09-30 | Cons. | Net cash provided by used in financing activities |
| Financing cash flow | −¥2.1bn | 2022-10-01 → 2023-09-30v | Cons. | Net cash provided by used in financing activities (5-year summary) |
| Financing cash flow | −¥1.1bn | 2021-10-01 → 2022-09-30v | Cons. | Net cash provided by used in financing activities (5-year summary) |
| Financing cash flow | ¥672m | 2020-10-01 → 2021-09-30d | Cons. | Net cash provided by used in financing activities (5-year summary) |
| EPS (basic) | ¥120.48 | 2024-10-01 → 2025-09-30 | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥129.69 | 2023-10-01 → 2024-09-30 | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥111.37 | 2022-10-01 → 2023-09-30v | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥109.91 | 2021-10-01 → 2022-09-30v | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥107.72 | 2020-10-01 → 2021-09-30d | Cons. | Basic earnings loss per share (5-year summary) |
| EPS (diluted) | ¥120.37 | 2024-10-01 → 2025-09-30 | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥129.29 | 2023-10-01 → 2024-09-30 | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥110.81 | 2022-10-01 → 2023-09-30v | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥109.12 | 2021-10-01 → 2022-09-30v | Cons. | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥106.7 | 2020-10-01 → 2021-09-30d | Cons. | Diluted earnings per share (5-year summary) |
| Net assets per share | ¥1,078.69 | at 2025-09-30 | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥1,006.66 | at 2024-09-30 | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥906.72 | at 2023-09-30v | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥826.51 | at 2022-09-30v | Cons. | Net assets per share (5-year summary) |
| Net assets per share | ¥747.34 | at 2021-09-30d | Cons. | Net assets per share (5-year summary) |
| Equity ratio | 80.7% | at 2025-09-30 | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 79.8% | at 2024-09-30 | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 76.5% | at 2023-09-30v | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 74.4% | at 2022-09-30v | Cons. | Equity to asset ratio (5-year summary) |
| Equity ratio | 68.8% | at 2021-09-30d | Cons. | Equity to asset ratio (5-year summary) |
| ROE | 11.5% | 2024-10-01 → 2025-09-30 | Cons. | Rate of return on equity (5-year summary) |
| ROE | 13.6% | 2023-10-01 → 2024-09-30 | Cons. | Rate of return on equity (5-year summary) |
| ROE | 12.9% | 2022-10-01 → 2023-09-30v | Cons. | Rate of return on equity (5-year summary) |
| ROE | 14.0% | 2021-10-01 → 2022-09-30v | Cons. | Rate of return on equity (5-year summary) |
| ROE | 14.5% | 2020-10-01 → 2021-09-30d | Cons. | Rate of return on equity (5-year summary) |
| Employees | 316 | at 2025-09-30 | Cons. | Number of employees |
| Employees | 316 | at 2024-09-30 | Cons. | Number of employees |
| Employees | 307 | at 2023-09-30v | Cons. | Number of employees |
| Employees | 302 | at 2022-09-30v | Cons. | Number of employees |
| Employees | 309 | at 2021-09-30d | Cons. | Number of employees |
| Revenue | ¥40.3bn | 2024-10-01 → 2025-09-30 | Standalone | Net sales |
| Revenue | ¥39.0bn | 2023-10-01 → 2024-09-30 | Standalone | Net sales |
| Revenue | ¥36.7bn | 2022-10-01 → 2023-09-30v | Standalone | Net sales (5-year summary) |
| Revenue | ¥35.2bn | 2021-10-01 → 2022-09-30v | Standalone | Net sales (5-year summary) |
| Revenue | ¥33.7bn | 2020-10-01 → 2021-09-30d | Standalone | Net sales (5-year summary) |
| Operating income | ¥5.0bn | 2024-10-01 → 2025-09-30 | Standalone | Operating income |
| Operating income | ¥4.4bn | 2023-10-01 → 2024-09-30 | Standalone | Operating income |
| Ordinary income | ¥5.1bn | 2024-10-01 → 2025-09-30 | Standalone | Ordinary income |
| Ordinary income | ¥4.4bn | 2023-10-01 → 2024-09-30 | Standalone | Ordinary income |
| Ordinary income | ¥3.7bn | 2022-10-01 → 2023-09-30v | Standalone | Ordinary income loss (5-year summary) |
| Ordinary income | ¥3.4bn | 2021-10-01 → 2022-09-30v | Standalone | Ordinary income loss (5-year summary) |
| Ordinary income | ¥3.5bn | 2020-10-01 → 2021-09-30d | Standalone | Ordinary income loss (5-year summary) |
| Profit before tax | ¥3.9bn | 2024-10-01 → 2025-09-30 | Standalone | Income before income taxes |
| Profit before tax | ¥4.4bn | 2023-10-01 → 2024-09-30 | Standalone | Income before income taxes |
| Net income | ¥2.4bn | 2024-10-01 → 2025-09-30 | Standalone | Profit loss |
| Net income | ¥3.1bn | 2023-10-01 → 2024-09-30 | Standalone | Profit loss |
| Net income | ¥2.4bn | 2022-10-01 → 2023-09-30v | Standalone | Net income loss (5-year summary) |
| Net income | ¥2.3bn | 2021-10-01 → 2022-09-30v | Standalone | Net income loss (5-year summary) |
| Net income | ¥2.4bn | 2020-10-01 → 2021-09-30d | Standalone | Net income loss (5-year summary) |
| Total assets | ¥28.3bn | at 2025-09-30 | Standalone | Assets |
| Total assets | ¥27.4bn | at 2024-09-30 | Standalone | Assets |
| Total assets | ¥25.7bn | at 2023-09-30v | Standalone | Total assets (5-year summary) |
| Total assets | ¥22.5bn | at 2022-09-30v | Standalone | Total assets (5-year summary) |
| Total assets | ¥21.7bn | at 2021-09-30d | Standalone | Total assets (5-year summary) |
| Total liabilities | ¥5.3bn | at 2025-09-30 | Standalone | Liabilities |
| Total liabilities | ¥5.3bn | at 2024-09-30 | Standalone | Liabilities |
| Net assets / equity | ¥22.9bn | at 2025-09-30 | Standalone | Net assets |
| Net assets / equity | ¥22.1bn | at 2024-09-30 | Standalone | Net assets |
| Net assets / equity | ¥19.7bn | at 2023-09-30v | Standalone | Net assets |
| Net assets / equity | ¥18.0bn | at 2022-09-30v | Standalone | Net assets (5-year summary) |
| Net assets / equity | ¥16.2bn | at 2021-09-30d | Standalone | Net assets (5-year summary) |
| Cash and deposits | ¥17.8bn | at 2025-09-30 | Standalone | Cash and deposits |
| Cash and deposits | ¥15.9bn | at 2024-09-30 | Standalone | Cash and deposits |
| EPS (basic) | ¥111.13 | 2024-10-01 → 2025-09-30 | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥142.4 | 2023-10-01 → 2024-09-30 | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥112.1 | 2022-10-01 → 2023-09-30v | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥109.26 | 2021-10-01 → 2022-09-30v | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (basic) | ¥110.54 | 2020-10-01 → 2021-09-30d | Standalone | Basic earnings loss per share (5-year summary) |
| EPS (diluted) | ¥111.03 | 2024-10-01 → 2025-09-30 | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥141.97 | 2023-10-01 → 2024-09-30 | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥111.55 | 2022-10-01 → 2023-09-30v | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥108.47 | 2021-10-01 → 2022-09-30v | Standalone | Diluted earnings per share (5-year summary) |
| EPS (diluted) | ¥109.49 | 2020-10-01 → 2021-09-30d | Standalone | Diluted earnings per share (5-year summary) |
| Dividend per share | ¥52 | 2024-10-01 → 2025-09-30 | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥45 | 2023-10-01 → 2024-09-30 | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥33 | 2022-10-01 → 2023-09-30v | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥33 | 2021-10-01 → 2022-09-30v | Standalone | Dividend paid per share (5-year summary) |
| Dividend per share | ¥32.5 | 2020-10-01 → 2021-09-30d | Standalone | Dividend paid per share (5-year summary) |
| Net assets per share | ¥1,084.63 | at 2025-09-30 | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥1,020.91 | at 2024-09-30 | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥909.44 | at 2023-09-30v | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥828.84 | at 2022-09-30v | Standalone | Net assets per share (5-year summary) |
| Net assets per share | ¥750.19 | at 2021-09-30d | Standalone | Net assets per share (5-year summary) |
| Equity ratio | 81.2% | at 2025-09-30 | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 80.4% | at 2024-09-30 | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 76.0% | at 2023-09-30v | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 79.0% | at 2022-09-30v | Standalone | Equity to asset ratio (5-year summary) |
| Equity ratio | 73.9% | at 2021-09-30d | Standalone | Equity to asset ratio (5-year summary) |
| ROE | 10.5% | 2024-10-01 → 2025-09-30 | Standalone | Rate of return on equity (5-year summary) |
| ROE | 14.8% | 2023-10-01 → 2024-09-30 | Standalone | Rate of return on equity (5-year summary) |
| ROE | 12.9% | 2022-10-01 → 2023-09-30v | Standalone | Rate of return on equity (5-year summary) |
| ROE | 13.8% | 2021-10-01 → 2022-09-30v | Standalone | Rate of return on equity (5-year summary) |
| ROE | 15.8% | 2020-10-01 → 2021-09-30d | Standalone | Rate of return on equity (5-year summary) |
| Shares issued | 21,855,200 | at 2025-09-30 | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 21,855,200 | at 2024-09-30 | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 21,855,200 | at 2023-09-30v | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 21,855,200 | at 2022-09-30v | Standalone | Total number of issued shares (5-year summary) |
| Shares issued | 21,855,200 | at 2021-09-30d | Standalone | Total number of issued shares (5-year summary) |
| Employees | 309 | at 2025-09-30 | Standalone | Number of employees |
| Employees | 309 | at 2024-09-30 | Standalone | Number of employees |
| Employees | 301 | at 2023-09-30v | Standalone | Number of employees |
| Employees | 297 | at 2022-09-30v | Standalone | Number of employees |
| Employees | 305 | at 2021-09-30d | 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.
Segments · 8
| Segment | Item | Period | Value |
|---|---|---|---|
| Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segments | employees | at 2025-09-30 | 87 pure |
| Mail Orderreportable segment | employees | at 2025-09-30 | 202 pure |
| Oversea Salesreportable segment | employees | at 2025-09-30 | 4 pure |
| Wholesalereportable segment | employees | at 2025-09-30 | 23 pure |
| Otherother segments | employees | at 2025-09-30 | 87 pure |
| Mail Orderreportable segment | employees | at 2025-09-30 | 202 pure |
| Oversea Salesreportable segment | employees | at 2025-09-30 | 4 pure |
| Wholesalereportable segment | employees | at 2025-09-30 | 16 pure |
Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.
All source rows · 1,401
| Item | Context | Value | Unit |
|---|---|---|---|
| Other ca | CurrentYearInstant | 70000000 | JPY |
| Allowance for doubtful accounts ca | Prior1YearInstant | -44000000 | JPY |
| Allowance for doubtful accounts ca | CurrentYearInstant | -33000000 | JPY |
| Current assets | Prior1YearInstant | 23062000000 | JPY |
| Current assets | CurrentYearInstant | 24020000000 | JPY |
| Buildings and structures | Prior1YearInstant | 1643000000 | JPY |
| Buildings and structures | CurrentYearInstant | 1659000000 | JPY |
| Accumulated depreciation buildings and structures | Prior1YearInstant | -563000000 | JPY |
| Accumulated depreciation buildings and structures | CurrentYearInstant | -628000000 | JPY |
| Buildings and structures net | Prior1YearInstant | 1080000000 | JPY |
| Buildings and structures net | CurrentYearInstant | 1030000000 | JPY |
| Land | Prior1YearInstant | 639000000 | JPY |
| Land | CurrentYearInstant | 639000000 | JPY |
| Construction in progress | Prior1YearInstant | － | JPY |
| Construction in progress | CurrentYearInstant | 4000000 | JPY |
| Other ppe | Prior1YearInstant | 856000000 | JPY |
| Other ppe | CurrentYearInstant | 799000000 | JPY |
| Accumulated depreciation other ppe | Prior1YearInstant | -622000000 | JPY |
| Accumulated depreciation other ppe | CurrentYearInstant | -581000000 | JPY |
| Other net ppe | Prior1YearInstant | 233000000 | JPY |
| Other net ppe | CurrentYearInstant | 217000000 | JPY |
| Property plant and equipment | Prior1YearInstant | 1953000000 | JPY |
| Property plant and equipment | CurrentYearInstant | 1892000000 | JPY |
| Software | Prior1YearInstant | 388000000 | JPY |
| Software | CurrentYearInstant | 470000000 | JPY |
| Goodwill | Prior1YearInstant | 712000000 | JPY |
| Goodwill | CurrentYearInstant | － | JPY |
| Other ia | Prior1YearInstant | 238000000 | JPY |
| Other ia | CurrentYearInstant | 35000000 | JPY |
| Intangible assets | Prior1YearInstant | 1340000000 | JPY |
| Intangible assets | CurrentYearInstant | 506000000 | JPY |
| Investment securities | Prior1YearInstant | 324000000 | JPY |
| Investment securities | CurrentYearInstant | 1494000000 | JPY |
| Deferred tax assets | Prior1YearInstant | 505000000 | JPY |
| Deferred tax assets | CurrentYearInstant | 303000000 | JPY |
| Other ioa | Prior1YearInstant | 175000000 | JPY |
| Other ioa | CurrentYearInstant | 182000000 | JPY |
| Allowance for investment loss | Prior1YearInstant | -138000000 | JPY |
| Allowance for investment loss | CurrentYearInstant | -148000000 | JPY |
| Investments and other assets | Prior1YearInstant | 866000000 | JPY |
| Investments and other assets | CurrentYearInstant | 1832000000 | JPY |
| Noncurrent assets | Prior1YearInstant | 4160000000 | JPY |
| Noncurrent assets | CurrentYearInstant | 4230000000 | JPY |
| Assets | Prior1YearInstant | 27222000000 | JPY |
| Assets | CurrentYearInstant | 28251000000 | JPY |
| Accounts payable trade | Prior1YearInstant | 548000000 | JPY |
| Accounts payable trade | CurrentYearInstant | 653000000 | JPY |
| Current portion of long term loans payable | Prior1YearInstant | 177000000 | JPY |
| Current portion of long term loans payable | CurrentYearInstant | 74000000 | JPY |
| Accounts payable other | Prior1YearInstant | 2270000000 | 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 | pass |
| balance sheet identity | pass |
| balance sheet identity | pass |
| balance sheet identity | pass |
| dei present | pass |
| period resolution | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net assets | pass |
| statement vs summary · net income attributable to parent | pass |
| statement vs summary · net income attributable to parent | pass |
| statement vs summary · operating cash flow | pass |
| statement vs summary · operating cash flow | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · revenue | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |
| statement vs summary · total assets | pass |