Annual report

Period2021-04-01 → 2022-03-31

Filed2022-06-24

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥16.9bn	2021-04-01 → 2022-03-31	Cons.	Net sales
Revenue	¥14.2bn	2020-04-01 → 2021-03-31	Cons.	Net sales
Revenue	¥17.4bn	2019-04-01 → 2020-03-31^d	Cons.	Net sales (5-year summary)
Revenue	¥18.4bn	2018-04-01 → 2019-03-31^d	Cons.	Net sales (5-year summary)
Revenue	¥18.0bn	2017-04-01 → 2018-03-31^d	Cons.	Net sales (5-year summary)
Operating income	¥1.1bn	2021-04-01 → 2022-03-31	Cons.	Operating income
Operating income	¥96m	2020-04-01 → 2021-03-31	Cons.	Operating income
Ordinary income	¥1.2bn	2021-04-01 → 2022-03-31	Cons.	Ordinary income
Ordinary income	¥300m	2020-04-01 → 2021-03-31	Cons.	Ordinary income
Ordinary income	¥1.0bn	2019-04-01 → 2020-03-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.3bn	2018-04-01 → 2019-03-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.5bn	2017-04-01 → 2018-03-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥1.2bn	2021-04-01 → 2022-03-31	Cons.	Income before income taxes
Profit before tax	¥690m	2020-04-01 → 2021-03-31	Cons.	Income before income taxes
Net income (owners)	¥790m	2021-04-01 → 2022-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥468m	2020-04-01 → 2021-03-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥625m	2019-04-01 → 2020-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥950m	2018-04-01 → 2019-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥932m	2017-04-01 → 2018-03-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥790m	2021-04-01 → 2022-03-31	Cons.	Profit loss
Net income	¥468m	2020-04-01 → 2021-03-31	Cons.	Profit loss
Total assets	¥25.4bn	at 2022-03-31	Cons.	Assets
Total assets	¥23.7bn	at 2021-03-31	Cons.	Assets
Total assets	¥24.8bn	at 2020-03-31^d	Cons.	Total assets (5-year summary)
Total assets	¥25.8bn	at 2019-03-31^d	Cons.	Total assets (5-year summary)
Total assets	¥26.2bn	at 2018-03-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥6.1bn	at 2022-03-31	Cons.	Liabilities
Total liabilities	¥4.9bn	at 2021-03-31	Cons.	Liabilities
Net assets / equity	¥19.3bn	at 2022-03-31	Cons.	Net assets
Net assets / equity	¥18.8bn	at 2021-03-31	Cons.	Net assets
Net assets / equity	¥19.0bn	at 2020-03-31^d	Cons.	Net assets
Net assets / equity	¥18.7bn	at 2019-03-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥18.4bn	at 2018-03-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥6.8bn	at 2022-03-31	Cons.	Cash and deposits
Cash and deposits	¥5.6bn	at 2021-03-31	Cons.	Cash and deposits
Cash & equivalents	¥7.5bn	at 2022-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.4bn	at 2021-03-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥5.9bn	at 2020-03-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥5.3bn	at 2019-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥6.5bn	at 2018-03-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥2.0bn	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.5bn	2020-04-01 → 2021-03-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.5bn	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥925m	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.2bn	2017-04-01 → 2018-03-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥468m	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥283m	2020-04-01 → 2021-03-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.5bn	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.2bn	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.7bn	2017-04-01 → 2018-03-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥456m	2021-04-01 → 2022-03-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥636m	2020-04-01 → 2021-03-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥515m	2019-04-01 → 2020-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥892m	2018-04-01 → 2019-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥547m	2017-04-01 → 2018-03-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥39.93	2021-04-01 → 2022-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥23.49	2020-04-01 → 2021-03-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥31.25	2019-04-01 → 2020-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥47.54	2018-04-01 → 2019-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥46.63	2017-04-01 → 2018-03-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥974.9	at 2022-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥951.48	at 2021-03-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥948.46	at 2020-03-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥937.46	at 2019-03-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥919.9	at 2018-03-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	76.1%	at 2022-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	79.4%	at 2021-03-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	76.4%	at 2020-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	72.8%	at 2019-03-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.1%	at 2018-03-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	4.1%	2021-04-01 → 2022-03-31	Cons.	Rate of return on equity (5-year summary)
ROE	2.5%	2020-04-01 → 2021-03-31	Cons.	Rate of return on equity (5-year summary)
ROE	3.3%	2019-04-01 → 2020-03-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	5.1%	2018-04-01 → 2019-03-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	5.1%	2017-04-01 → 2018-03-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	1,131	at 2022-03-31	Cons.	Number of employees
Employees	1,139	at 2021-03-31	Cons.	Number of employees
Employees	1,155	at 2020-03-31^d	Cons.	Number of employees
Employees	1,145	at 2019-03-31^d	Cons.	Number of employees
Employees	1,116	at 2018-03-31^d	Cons.	Number of employees
Revenue	¥14.7bn	2021-04-01 → 2022-03-31	Standalone	Net sales
Revenue	¥12.8bn	2020-04-01 → 2021-03-31	Standalone	Net sales
Revenue	¥15.7bn	2019-04-01 → 2020-03-31^d	Standalone	Net sales (5-year summary)
Revenue	¥16.3bn	2018-04-01 → 2019-03-31^d	Standalone	Net sales (5-year summary)
Revenue	¥16.0bn	2017-04-01 → 2018-03-31^d	Standalone	Net sales (5-year summary)
Operating income	¥734m	2021-04-01 → 2022-03-31	Standalone	Operating income
Operating income	−¥22m	2020-04-01 → 2021-03-31	Standalone	Operating income
Ordinary income	¥893m	2021-04-01 → 2022-03-31	Standalone	Ordinary income
Ordinary income	¥543m	2020-04-01 → 2021-03-31	Standalone	Ordinary income
Ordinary income	¥991m	2019-04-01 → 2020-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.5bn	2018-04-01 → 2019-03-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.3bn	2017-04-01 → 2018-03-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥856m	2021-04-01 → 2022-03-31	Standalone	Income before income taxes
Profit before tax	¥932m	2020-04-01 → 2021-03-31	Standalone	Income before income taxes
Net income	¥596m	2021-04-01 → 2022-03-31	Standalone	Profit loss
Net income	¥731m	2020-04-01 → 2021-03-31	Standalone	Profit loss
Net income	¥634m	2019-04-01 → 2020-03-31^d	Standalone	Net income loss (5-year summary)
Net income	¥1.2bn	2018-04-01 → 2019-03-31^d	Standalone	Net income loss (5-year summary)
Net income	¥641m	2017-04-01 → 2018-03-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥23.6bn	at 2022-03-31	Standalone	Assets
Total assets	¥22.5bn	at 2021-03-31	Standalone	Assets
Total assets	¥23.1bn	at 2020-03-31^d	Standalone	Total assets (5-year summary)
Total assets	¥24.0bn	at 2019-03-31^d	Standalone	Total assets (5-year summary)
Total assets	¥24.0bn	at 2018-03-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥5.6bn	at 2022-03-31	Standalone	Liabilities
Total liabilities	¥4.5bn	at 2021-03-31	Standalone	Liabilities
Net assets / equity	¥18.1bn	at 2022-03-31	Standalone	Net assets
Net assets / equity	¥17.9bn	at 2021-03-31	Standalone	Net assets
Net assets / equity	¥17.7bn	at 2020-03-31^d	Standalone	Net assets
Net assets / equity	¥17.6bn	at 2019-03-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥17.0bn	at 2018-03-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥5.3bn	at 2022-03-31	Standalone	Cash and deposits
Cash and deposits	¥4.4bn	at 2021-03-31	Standalone	Cash and deposits
EPS (basic)	¥30.13	2021-04-01 → 2022-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥36.65	2020-04-01 → 2021-03-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥31.73	2019-04-01 → 2020-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥58.05	2018-04-01 → 2019-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.06	2017-04-01 → 2018-03-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥22	2021-04-01 → 2022-03-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥22	2020-04-01 → 2021-03-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥24	2019-04-01 → 2020-03-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥24	2018-04-01 → 2019-03-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥23	2017-04-01 → 2018-03-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥912.62	at 2022-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥905.23	at 2021-03-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥886.43	at 2020-03-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥880.45	at 2019-03-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥848.05	at 2018-03-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	76.5%	at 2022-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	79.8%	at 2021-03-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	76.7%	at 2020-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	73.5%	at 2019-03-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	70.7%	at 2018-03-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	3.3%	2021-04-01 → 2022-03-31	Standalone	Rate of return on equity (5-year summary)
ROE	4.1%	2020-04-01 → 2021-03-31	Standalone	Rate of return on equity (5-year summary)
ROE	3.6%	2019-04-01 → 2020-03-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	6.7%	2018-04-01 → 2019-03-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	3.8%	2017-04-01 → 2018-03-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	20,000,000	at 2022-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2021-03-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2020-03-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2019-03-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2018-03-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	890	at 2022-03-31	Standalone	Number of employees
Employees	901	at 2021-03-31	Standalone	Number of employees
Employees	915	at 2020-03-31^d	Standalone	Number of employees
Employees	910	at 2019-03-31^d	Standalone	Number of employees
Employees	900	at 2018-03-31^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.

Segments · 1

Segment	Item	Period	Value
Wear Resistant Tool Related Businessreportable segment	employees	at 2022-03-31	1131 pure

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

All source rows · 1,492

Item	Context	Value	Unit
Notes payable trade	CurrentYearInstant_NonConsolidatedMember	113000000	JPY
Accounts payable trade	Prior1YearInstant_NonConsolidatedMember	1438000000	JPY
Accounts payable trade	CurrentYearInstant_NonConsolidatedMember	1805000000	JPY
Lease obligations cl	Prior1YearInstant_NonConsolidatedMember	14000000	JPY
Lease obligations cl	CurrentYearInstant_NonConsolidatedMember	9000000	JPY
Accounts payable other	Prior1YearInstant_NonConsolidatedMember	420000000	JPY
Accounts payable other	CurrentYearInstant_NonConsolidatedMember	638000000	JPY
Accrued expenses	Prior1YearInstant_NonConsolidatedMember	511000000	JPY
Accrued expenses	CurrentYearInstant_NonConsolidatedMember	635000000	JPY
Income taxes payable	Prior1YearInstant_NonConsolidatedMember	51000000	JPY
Income taxes payable	CurrentYearInstant_NonConsolidatedMember	235000000	JPY
Provision for bonuses	Prior1YearInstant_NonConsolidatedMember	301000000	JPY
Provision for bonuses	CurrentYearInstant_NonConsolidatedMember	335000000	JPY
Provision for directors bonuses	Prior1YearInstant_NonConsolidatedMember	12000000	JPY
Provision for directors bonuses	CurrentYearInstant_NonConsolidatedMember	73000000	JPY
Other cl	Prior1YearInstant_NonConsolidatedMember	56000000	JPY
Other cl	CurrentYearInstant_NonConsolidatedMember	46000000	JPY
Current liabilities	Prior1YearInstant_NonConsolidatedMember	2919000000	JPY
Current liabilities	CurrentYearInstant_NonConsolidatedMember	3894000000	JPY
Lease obligations ncl	Prior1YearInstant_NonConsolidatedMember	9000000	JPY
Lease obligations ncl	CurrentYearInstant_NonConsolidatedMember	19000000	JPY
Provision for retirement benefits	Prior1YearInstant_NonConsolidatedMember	1613000000	JPY
Provision for retirement benefits	CurrentYearInstant_NonConsolidatedMember	1645000000	JPY
Other ncl	Prior1YearInstant_NonConsolidatedMember	2000000	JPY
Other ncl	CurrentYearInstant_NonConsolidatedMember	1000000	JPY
Noncurrent liabilities	Prior1YearInstant_NonConsolidatedMember	1626000000	JPY
Noncurrent liabilities	CurrentYearInstant_NonConsolidatedMember	1665000000	JPY
Liabilities	Prior1YearInstant_NonConsolidatedMember	4545000000	JPY
Liabilities	CurrentYearInstant_NonConsolidatedMember	5559000000	JPY
Capital stock	Prior1YearInstant_NonConsolidatedMember	164000000	JPY
Capital stock	CurrentYearInstant_NonConsolidatedMember	164000000	JPY
Legal retained earnings	Prior1YearInstant_NonConsolidatedMember	41000000	JPY
Legal retained earnings	CurrentYearInstant_NonConsolidatedMember	41000000	JPY
Reserve for special depreciation	Prior1YearInstant_NonConsolidatedMember	0	JPY
Reserve for special depreciation	CurrentYearInstant_NonConsolidatedMember	－	JPY
General reserve	Prior1YearInstant_NonConsolidatedMember	13000000000	JPY
General reserve	CurrentYearInstant_NonConsolidatedMember	13000000000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	4764000000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	4925000000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	17806000000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	17966000000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-129000000	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-129000000	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	17840000000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	18001000000	JPY
Valuation difference on available for sale securities	Prior1YearInstant_NonConsolidatedMember	83000000	JPY
Valuation difference on available for sale securities	CurrentYearInstant_NonConsolidatedMember	69000000	JPY
Valuation and translation adjustments	Prior1YearInstant_NonConsolidatedMember	83000000	JPY
Valuation and translation adjustments	CurrentYearInstant_NonConsolidatedMember	69000000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	17924000000	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 2021-03-31	pass
balance sheet identity	consolidated 2022-03-31	pass rounding
balance sheet identity	non_consolidated 2021-03-31	pass
balance sheet identity	non_consolidated 2022-03-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2020-03-31	pass
statement vs summary · net assets	consolidated 2021-03-31	pass
statement vs summary · net assets	consolidated 2022-03-31	pass
statement vs summary · net assets	non_consolidated 2020-03-31	pass
statement vs summary · net assets	non_consolidated 2021-03-31	pass
statement vs summary · net assets	non_consolidated 2022-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2020-04-01/2021-03-31	pass
statement vs summary · net income attributable to parent	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · operating cash flow	consolidated 2020-04-01/2021-03-31	pass
statement vs summary · operating cash flow	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · revenue	consolidated 2020-04-01/2021-03-31	pass
statement vs summary · revenue	consolidated 2021-04-01/2022-03-31	pass
statement vs summary · revenue	non_consolidated 2020-04-01/2021-03-31	pass
statement vs summary · revenue	non_consolidated 2021-04-01/2022-03-31	pass
statement vs summary · total assets	consolidated 2021-03-31	pass
statement vs summary · total assets	consolidated 2022-03-31	pass
statement vs summary · total assets	non_consolidated 2021-03-31	pass
statement vs summary · total assets	non_consolidated 2022-03-31	pass