Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-30
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥20.9bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥21.2bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥21.3bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥21.6bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥19.9bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥1.4bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥1.2bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.6bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥1.4bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥1.4bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.4bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.1bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.7bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥1.4bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥1.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.0bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥975m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.1bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.2bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.3bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥1.0bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥36.4bnat 2026-03-31Cons.Assets
Total assets¥34.0bnat 2025-03-31Cons.Assets
Total assets¥34.8bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥32.7bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥31.2bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥6.9bnat 2026-03-31Cons.Liabilities
Total liabilities¥6.1bnat 2025-03-31Cons.Liabilities
Net assets / equity¥29.5bnat 2026-03-31Cons.Net assets
Net assets / equity¥27.9bnat 2025-03-31Cons.Net assets
Net assets / equity¥27.6bnat 2024-03-31vCons.Net assets
Net assets / equity¥26.3bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥25.3bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥7.1bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥8.1bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥10.6bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥8.4bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥7.3bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥5.1bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥5.8bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥2.4bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.1bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.8bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥666m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.3bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥108m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥589m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥477m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥782m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥270m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥486m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥212m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥212m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥167m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥171.742025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥134.22024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥129.442023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥148.532022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥153.282021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥3,966.94at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,758.95at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,661.84at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,489.39at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,362.32at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio81.0%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio82.0%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio79.2%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio80.3%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio81.1%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE4.4%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE3.6%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE3.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE4.3%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE4.7%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees572at 2026-03-31Cons.Number of employees
Employees589at 2025-03-31Cons.Number of employees
Employees595at 2024-03-31vCons.Number of employees
Employees570at 2023-03-31vCons.Number of employees
Employees513at 2022-03-31vCons.Number of employees
Revenue¥16.5bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥17.1bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥17.3bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥17.5bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥16.1bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥737m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥614m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥1.0bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥805m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥753m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥737m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.3bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥984m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥805m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥777m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥621m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥473m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥652m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥709m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥22.1bnat 2026-03-31StandaloneAssets
Total assets¥20.6bnat 2025-03-31StandaloneAssets
Total assets¥21.5bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥20.6bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥19.4bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥3.6bnat 2026-03-31StandaloneLiabilities
Total liabilities¥2.9bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥18.5bnat 2026-03-31StandaloneNet assets
Net assets / equity¥17.6bnat 2025-03-31StandaloneNet assets
Net assets / equity¥17.7bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥17.1bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥16.7bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥2.9bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥3.6bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥104.652025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥82.692024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥62.882023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥86.642022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥94.182021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥152025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥402024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥262023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥332022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥262021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,489.33at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,375.68at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,350.2at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,271.72at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,214.53at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio83.6%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio85.7%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio82.2%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio83.2%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio86.1%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE4.3%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE3.5%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE2.7%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.9%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE4.3%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued7,550,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,550,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,550,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,550,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,550,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees371at 2026-03-31StandaloneNumber of employees
Employees378at 2025-03-31StandaloneNumber of employees
Employees378at 2024-03-31vStandaloneNumber of employees
Employees371at 2023-03-31vStandaloneNumber of employees
Employees327at 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 · 41
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥7.9bn
Real Estate Businessreportable segmentcapex2025-04-01 → 2026-03-31¥302m
Real Estate Businessreportable segmentdepreciation2025-04-01 → 2026-03-31¥256m
Real Estate Businessreportable segmentemployeesat 2026-03-3157 pure
Real Estate Businessreportable segmentrevenue2025-04-01 → 2026-03-31¥2.4bn
Real Estate Businessreportable segmentrevenue external2025-04-01 → 2026-03-31¥2.4bn
Real Estate Businessreportable segmentsegment assetsat 2026-03-31¥12.8bn
Real Estate Businessreportable segmentsegment profit2025-04-01 → 2026-03-31¥1.1bn
Special Steel Businessreportable segmentcapex2025-04-01 → 2026-03-31¥541m
Special Steel Businessreportable segmentdepreciation2025-04-01 → 2026-03-31¥664m
Special Steel Businessreportable segmentemployeesat 2026-03-31515 pure
Special Steel Businessreportable segmentrevenue2025-04-01 → 2026-03-31¥18.5bn
Special Steel Businessreportable segmentrevenue external2025-04-01 → 2026-03-31¥18.5bn
Special Steel Businessreportable segmentsegment assetsat 2026-03-31¥15.6bn
Special Steel Businessreportable segmentsegment profit2025-04-01 → 2026-03-31¥320m
Total Of Reportable Segments And Otherssegment totalcapex2025-04-01 → 2026-03-31¥843m
Total Of Reportable Segments And Otherssegment totaldepreciation2025-04-01 → 2026-03-31¥920m
Total Of Reportable Segments And Otherssegment totalrevenue2025-04-01 → 2026-03-31¥20.9bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-04-01 → 2026-03-31¥20.9bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2026-03-31¥28.4bn
Total Of Reportable Segments And Otherssegment totalsegment profit2025-04-01 → 2026-03-31¥1.4bn
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥6.3bn
Real Estate Businessreportable segmentcapex2024-04-01 → 2025-03-31¥73m
Real Estate Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥246m
Real Estate Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥2.4bn
Real Estate Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥2.4bn
Real Estate Businessreportable segmentsegment assetsat 2025-03-31¥12.0bn
Real Estate Businessreportable segmentsegment profit2024-04-01 → 2025-03-31¥1.1bn
Special Steel Businessreportable segmentcapex2024-04-01 → 2025-03-31¥476m
Special Steel Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥618m
Special Steel Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥18.8bn
Special Steel Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥18.8bn
Special Steel Businessreportable segmentsegment assetsat 2025-03-31¥15.7bn
Special Steel Businessreportable segmentsegment profit2024-04-01 → 2025-03-31¥187m
Total Of Reportable Segments And Otherssegment totalcapex2024-04-01 → 2025-03-31¥550m
Total Of Reportable Segments And Otherssegment totaldepreciation2024-04-01 → 2025-03-31¥864m
Total Of Reportable Segments And Otherssegment totalrevenue2024-04-01 → 2025-03-31¥21.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-04-01 → 2025-03-31¥21.2bn
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-03-31¥27.7bn
Total Of Reportable Segments And Otherssegment totalsegment profit2024-04-01 → 2025-03-31¥1.2bn
Special Steel Businessreportable segmentemployeesat 2026-03-31371 pure

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

All source rows · 1,426
ItemContextValueUnit
Retained earningsPrior1YearInstant25711323000JPY
Retained earningsCurrentYearInstant26727032000JPY
Treasury stockPrior1YearInstant-232065000JPY
Treasury stockCurrentYearInstant-232065000JPY
Shareholders equityPrior1YearInstant26867751000JPY
Shareholders equityCurrentYearInstant27883460000JPY
Valuation difference on available for sale securitiesPrior1YearInstant958126000JPY
Valuation difference on available for sale securitiesCurrentYearInstant1392158000JPY
Foreign currency translation adjustmentPrior1YearInstant94693000JPY
Foreign currency translation adjustmentCurrentYearInstant189867000JPY
Valuation and translation adjustmentsPrior1YearInstant1052820000JPY
Valuation and translation adjustmentsCurrentYearInstant1582026000JPY
Net assetsPrior1YearInstant27920572000JPY
Net assetsCurrentYearInstant29465487000JPY
Liabilities and net assetsPrior1YearInstant34031196000JPY
Liabilities and net assetsCurrentYearInstant36363521000JPY
Net salesPrior1YearDuration21178080000JPY
Net salesCurrentYearDuration20931280000JPY
Cost of salesPrior1YearDuration17826111000JPY
Cost of salesCurrentYearDuration17199368000JPY
Gross profitPrior1YearDuration3351969000JPY
Gross profitCurrentYearDuration3731911000JPY
Packing expenses and freightage sgaPrior1YearDuration311366000JPY
Packing expenses and freightage sgaCurrentYearDuration316395000JPY
Salaries and allowances sgaPrior1YearDuration661718000JPY
Salaries and allowances sgaCurrentYearDuration726415000JPY
Retirement benefit expenses sgaPrior1YearDuration24826000JPY
Retirement benefit expenses sgaCurrentYearDuration30112000JPY
Provision for bonuses sgaPrior1YearDuration97831000JPY
Provision for bonuses sgaCurrentYearDuration99473000JPY
Provision for directors bonuses sgaPrior1YearDuration6820000JPY
Provision for directors bonuses sgaCurrentYearDuration10210000JPY
Other sgaPrior1YearDuration999591000JPY
Other sgaCurrentYearDuration1130614000JPY
Selling general and administrative expensesPrior1YearDuration2102153000JPY
Selling general and administrative expensesCurrentYearDuration2313221000JPY
Operating incomePrior1YearDuration1249815000JPY
Operating incomeCurrentYearDuration1418690000JPY
Interest income noiPrior1YearDuration35013000JPY
Interest income noiCurrentYearDuration32817000JPY
Dividends income noiPrior1YearDuration42545000JPY
Dividends income noiCurrentYearDuration62766000JPY
Purchase discounts noiPrior1YearDuration18057000JPY
Purchase discounts noiCurrentYearDuration21553000JPY
Foreign exchange gains noiPrior1YearDuration21565000JPY
Foreign exchange gains noiCurrentYearDuration28479000JPY
Subsidy income noiPrior1YearDuration-JPY
Subsidy income noiCurrentYearDuration51381000JPY
Other noiPrior1YearDuration24436000JPY
Other noiCurrentYearDuration24624000JPY

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
balance sheet identityconsolidated 2026-03-31pass
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