Annual report

Period2023-01-01 → 2023-12-31

Filed2024-03-29

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amended by S100T7S6 (2024-04-04).

Key figures · 120

Metric	Value	Period	Scope	Source row
Revenue	¥28.7bn	2023-01-01 → 2023-12-31	Cons.	Net sales
Revenue	¥24.9bn	2022-01-01 → 2022-12-31	Cons.	Net sales
Revenue	¥17.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥4.3bn	2023-01-01 → 2023-12-31	Cons.	Operating income
Operating income	¥4.6bn	2022-01-01 → 2022-12-31	Cons.	Operating income
Ordinary income	¥4.4bn	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	¥4.8bn	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Ordinary income	¥2.1bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥4.3bn	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Profit before tax	¥4.8bn	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Net income (owners)	¥3.4bn	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥3.9bn	2022-01-01 → 2022-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.7bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥3.4bn	2023-01-01 → 2023-12-31	Cons.	Profit loss
Net income	¥3.9bn	2022-01-01 → 2022-12-31	Cons.	Profit loss
Total assets	¥39.3bn	at 2023-12-31	Cons.	Assets
Total assets	¥31.1bn	at 2022-12-31	Cons.	Assets
Total assets	¥25.6bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥12.5bn	at 2023-12-31	Cons.	Liabilities
Total liabilities	¥13.4bn	at 2022-12-31	Cons.	Liabilities
Net assets / equity	¥26.8bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥17.7bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥14.1bn	at 2021-12-31^d	Cons.	Net assets
Cash and deposits	¥11.6bn	at 2023-12-31	Cons.	Cash and deposits
Cash and deposits	¥9.8bn	at 2022-12-31	Cons.	Cash and deposits
Cash & equivalents	¥11.4bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.5bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.4bn	at 2021-12-31^d	Cons.	Cash and cash equivalents
Operating cash flow	¥2.0bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥3.3bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥3.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥2.3bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥595m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥268m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥1.8bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥818m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥876m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥180.14	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥195.56	2022-01-01 → 2022-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥84.78	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥1,307.08	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥955.79	at 2022-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥704.89	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	68.1%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	57.1%	at 2022-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	55.0%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	15.4%	2023-01-01 → 2023-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	24.5%	2022-01-01 → 2022-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	13.1%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	758	at 2023-12-31	Cons.	Number of employees
Employees	720	at 2022-12-31	Cons.	Number of employees
Employees	675	at 2021-12-31^d	Cons.	Number of employees
Revenue	¥13.9bn	2023-01-01 → 2023-12-31	Standalone	Net sales
Revenue	¥10.9bn	2022-01-01 → 2022-12-31	Standalone	Net sales
Revenue	¥9.2bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥9.5bn	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥11.2bn	2019-01-01 → 2019-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥1.0bn	2023-01-01 → 2023-12-31	Standalone	Operating income
Operating income	¥581m	2022-01-01 → 2022-12-31	Standalone	Operating income
Ordinary income	¥1.5bn	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	¥913m	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	¥700m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥661m	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥1.2bn	2019-01-01 → 2019-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥1.5bn	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Profit before tax	¥891m	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Net income	¥1.2bn	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	¥701m	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	¥596m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥724m	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥763m	2019-01-01 → 2019-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥21.5bn	at 2023-12-31	Standalone	Assets
Total assets	¥17.0bn	at 2022-12-31	Standalone	Assets
Total assets	¥15.7bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥16.1bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥14.9bn	at 2019-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥7.7bn	at 2023-12-31	Standalone	Liabilities
Total liabilities	¥9.1bn	at 2022-12-31	Standalone	Liabilities
Net assets / equity	¥13.8bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥7.9bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥7.8bn	at 2021-12-31^d	Standalone	Net assets
Net assets / equity	¥7.2bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥6.5bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥3.6bn	at 2023-12-31	Standalone	Cash and deposits
Cash and deposits	¥3.3bn	at 2022-12-31	Standalone	Cash and deposits
EPS (basic)	¥61.84	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥35.09	2022-01-01 → 2022-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥29.82	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥3,621.21	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥3,853.54	2019-01-01 → 2019-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥60	2023-01-01 → 2023-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2022-01-01 → 2022-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2021-01-01 → 2021-12-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2020-01-01 → 2020-12-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2019-01-01 → 2019-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥671.55	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥424.39	at 2022-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥387.94	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥36,195.13	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥32,631.27	at 2019-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	64.2%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	46.3%	at 2022-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	49.4%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	45.0%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	43.7%	at 2019-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	10.9%	2023-01-01 → 2023-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.0%	2022-01-01 → 2022-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	7.9%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	10.5%	2020-01-01 → 2020-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	12.9%	2019-01-01 → 2019-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	20,500,000	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2022-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	20,000,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	191,300	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	191,300	at 2019-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	348	at 2023-12-31	Standalone	Number of employees
Employees	335	at 2022-12-31	Standalone	Number of employees
Employees	314	at 2021-12-31^d	Standalone	Number of employees
Employees	302	at 2020-12-31^d	Standalone	Number of employees
Employees	289	at 2019-12-31^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.

Segments · 1

Segment	Item	Period	Value
Air Conditioning Businessreportable segment	employees	at 2023-12-31	758 pure

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

All source rows · 1,259

Item	Context	Value	Unit
Diluted earnings per share (5-year summary)	CurrentYearDuration_NonConsolidatedMember	－
Equity to asset ratio (5-year summary)	Prior4YearInstant_NonConsolidatedMember	0.437
Equity to asset ratio (5-year summary)	Prior3YearInstant_NonConsolidatedMember	0.450
Equity to asset ratio (5-year summary)	Prior2YearInstant_NonConsolidatedMember	0.494
Equity to asset ratio (5-year summary)	Prior1YearInstant_NonConsolidatedMember	0.463
Equity to asset ratio (5-year summary)	CurrentYearInstant_NonConsolidatedMember	0.642
Rate of return on equity (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.129
Rate of return on equity (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.105
Rate of return on equity (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.079
Rate of return on equity (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.090
Rate of return on equity (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.109
Price earnings ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	－
Price earnings ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	－
Price earnings ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	－
Price earnings ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	－
Price earnings ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	28.2
Payout ratio (5-year summary)	Prior4YearDuration_NonConsolidatedMember	0.013
Payout ratio (5-year summary)	Prior3YearDuration_NonConsolidatedMember	0.014
Payout ratio (5-year summary)	Prior2YearDuration_NonConsolidatedMember	0.017
Payout ratio (5-year summary)	Prior1YearDuration_NonConsolidatedMember	0.014
Payout ratio (5-year summary)	CurrentYearDuration_NonConsolidatedMember	0.970
Number of employees	Prior4YearInstant_NonConsolidatedMember	289
Number of employees	Prior3YearInstant_NonConsolidatedMember	302
Number of employees	Prior2YearInstant_NonConsolidatedMember	314
Number of employees	Prior1YearInstant_NonConsolidatedMember	335
Number of employees	CurrentYearInstant_NonConsolidatedMember	348
Average number of temporary workers	Prior4YearInstant_NonConsolidatedMember	49
Average number of temporary workers	Prior3YearInstant_NonConsolidatedMember	48
Average number of temporary workers	Prior2YearInstant_NonConsolidatedMember	42
Average number of temporary workers	Prior1YearInstant_NonConsolidatedMember	33
Average number of temporary workers	CurrentYearInstant_NonConsolidatedMember	36
Total shareholder return	Prior4YearInstant_NonConsolidatedMember	－
Total shareholder return	Prior3YearInstant_NonConsolidatedMember	－
Total shareholder return	Prior2YearInstant_NonConsolidatedMember	－
Total shareholder return	Prior1YearInstant_NonConsolidatedMember	－
Total shareholder return	CurrentYearInstant_NonConsolidatedMember	－
Total return on share price index	Prior4YearInstant_NonConsolidatedMember	－
Total return on share price index	Prior3YearInstant_NonConsolidatedMember	－
Total return on share price index	Prior2YearInstant_NonConsolidatedMember	－
Total return on share price index	Prior1YearInstant_NonConsolidatedMember	－
Total return on share price index	CurrentYearInstant_NonConsolidatedMember	－
Number of employees	CurrentYearInstant_jpcrp030000-asr_E38926-000AirConditioningBusinessReportableSegmentMember	758
Average number of temporary workers	CurrentYearInstant_jpcrp030000-asr_E38926-000AirConditioningBusinessReportableSegmentMember	45
Number of employees	CurrentYearInstant	758
Average number of temporary workers	CurrentYearInstant	45
Number of employees	CurrentYearInstant_NonConsolidatedMember	348
Average number of temporary workers	CurrentYearInstant_NonConsolidatedMember	36
Average age years information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	40.6
Average length of service years information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	12.0
Average annual salary information about reporting company information about employees	CurrentYearInstant_NonConsolidatedMember	5842000	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 2022-12-31	pass rounding
balance sheet identity	consolidated 2023-12-31	pass
balance sheet identity	non_consolidated 2022-12-31	pass rounding
balance sheet identity	non_consolidated 2023-12-31	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2021-12-31	pass
statement vs summary · net assets	consolidated 2022-12-31	pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2021-12-31	pass
statement vs summary · net assets	non_consolidated 2022-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · operating cash flow	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · operating cash flow	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	non_consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	non_consolidated 2023-01-01/2023-12-31	pass
statement vs summary · total assets	consolidated 2022-12-31	pass
statement vs summary · total assets	consolidated 2023-12-31	pass
statement vs summary · total assets	non_consolidated 2022-12-31	pass
statement vs summary · total assets	non_consolidated 2023-12-31	pass