Annual report

Period2023-01-01 → 2023-12-31

Filed2025-05-20

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100T3F6. Amended by S100VS8Q (2025-05-20).

Key figures · 158

Metric	Value	Period	Scope	Source row
Revenue	¥36.8bn	2023-01-01 → 2023-12-31	Cons.	Net sales
Revenue	¥34.3bn	2022-01-01 → 2022-12-31	Cons.	Net sales
Revenue	¥30.9bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥37.5bn	2020-01-01 → 2020-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥42.8bn	2019-01-01 → 2019-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥9.8bn	2023-01-01 → 2023-12-31	Cons.	Operating income
Operating income	¥7.4bn	2022-01-01 → 2022-12-31	Cons.	Operating income
Ordinary income	¥6.1bn	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	¥8.8bn	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Ordinary income	¥7.9bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥8.6bn	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥11.0bn	2019-01-01 → 2019-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥6.0bn	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Profit before tax	¥9.4bn	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Net income (owners)	¥4.6bn	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥6.9bn	2022-01-01 → 2022-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥6.3bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥6.8bn	2020-01-01 → 2020-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥9.1bn	2019-01-01 → 2019-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥4.7bn	2023-01-01 → 2023-12-31	Cons.	Profit loss
Net income	¥6.9bn	2022-01-01 → 2022-12-31	Cons.	Profit loss
Total assets	¥78.5bn	at 2023-12-31	Cons.	Assets
Total assets	¥82.9bn	at 2022-12-31	Cons.	Assets
Total assets	¥64.7bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥54.3bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥56.5bn	at 2019-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥21.6bn	at 2023-12-31	Cons.	Liabilities
Total liabilities	¥30.8bn	at 2022-12-31	Cons.	Liabilities
Net assets / equity	¥56.9bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥52.2bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥46.1bn	at 2021-12-31^d	Cons.	Net assets
Net assets / equity	¥39.5bn	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥34.8bn	at 2019-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥33.1bn	at 2023-12-31	Cons.	Cash and deposits
Cash and deposits	¥34.9bn	at 2022-12-31	Cons.	Cash and deposits
Cash & equivalents	¥33.0bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥34.9bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥32.3bn	at 2021-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥22.7bn	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥27.0bn	at 2019-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥3.2bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥8.6bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥10.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥535m	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥16.2bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥3.6bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥4.4bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥376m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.0bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥2.4bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥2.2bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.2bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥2.7bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥2.5bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥2.4bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥106.14	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥159.01	2022-01-01 → 2022-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥146.83	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥159.05	2020-01-01 → 2020-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥216.69	2019-01-01 → 2019-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥104.26	2023-01-01 → 2023-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥155.62	2022-01-01 → 2022-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥143.12	2021-01-01 → 2021-12-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥154	2020-01-01 → 2020-12-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥206.77	2019-01-01 → 2019-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,285.31	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,199.06	at 2022-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,066.04	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥918.96	at 2020-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥821.07	at 2019-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	71.7%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	62.9%	at 2022-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	71.2%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	72.7%	at 2020-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	61.6%	at 2019-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	8.5%	2023-01-01 → 2023-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	14.0%	2022-01-01 → 2022-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	14.8%	2021-01-01 → 2021-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	18.3%	2020-01-01 → 2020-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	29.0%	2019-01-01 → 2019-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	638	at 2023-12-31	Cons.	Number of employees
Employees	607	at 2022-12-31	Cons.	Number of employees
Employees	566	at 2021-12-31^d	Cons.	Number of employees
Employees	529	at 2020-12-31^d	Cons.	Number of employees
Employees	534	at 2019-12-31^d	Cons.	Number of employees
Revenue	¥31.8bn	2023-01-01 → 2023-12-31	Standalone	Net sales
Revenue	¥28.9bn	2022-01-01 → 2022-12-31	Standalone	Net sales
Revenue	¥28.9bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥35.7bn	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥40.3bn	2019-01-01 → 2019-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥4.0bn	2023-01-01 → 2023-12-31	Standalone	Operating income
Operating income	¥3.4bn	2022-01-01 → 2022-12-31	Standalone	Operating income
Ordinary income	¥6.2bn	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	¥4.1bn	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	¥5.1bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥9.4bn	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥3.6bn	2019-01-01 → 2019-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥6.2bn	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Profit before tax	¥4.1bn	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Net income	¥5.5bn	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	¥3.0bn	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	¥3.8bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥8.0bn	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥2.7bn	2019-01-01 → 2019-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥51.5bn	at 2023-12-31	Standalone	Assets
Total assets	¥55.4bn	at 2022-12-31	Standalone	Assets
Total assets	¥46.5bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥43.7bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥47.1bn	at 2019-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥16.0bn	at 2023-12-31	Standalone	Liabilities
Total liabilities	¥23.6bn	at 2022-12-31	Standalone	Liabilities
Net assets / equity	¥35.5bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥31.8bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥30.8bn	at 2021-12-31^d	Standalone	Net assets
Net assets / equity	¥28.9bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥23.1bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥18.8bn	at 2023-12-31	Standalone	Cash and deposits
Cash and deposits	¥22.2bn	at 2022-12-31	Standalone	Cash and deposits
EPS (basic)	¥126.97	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥68.49	2022-01-01 → 2022-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥88.48	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥187.9	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥63.42	2019-01-01 → 2019-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥124.72	2023-01-01 → 2023-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥67.03	2022-01-01 → 2022-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥86.25	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥181.94	2020-01-01 → 2020-12-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥60.52	2019-01-01 → 2019-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥50	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	¥60	2019-01-01 → 2019-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥809.41	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥730.22	at 2022-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥712.15	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥672.95	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥544.47	at 2019-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	68.9%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	57.3%	at 2022-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	66.2%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	66.2%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	49.1%	at 2019-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	16.5%	2023-01-01 → 2023-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	9.5%	2022-01-01 → 2022-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	12.8%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	30.9%	2020-01-01 → 2020-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	11.7%	2019-01-01 → 2019-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	44,358,000	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	44,358,000	at 2022-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	44,358,000	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	44,358,000	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	44,358,000	at 2019-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	93	at 2023-12-31	Standalone	Number of employees
Employees	87	at 2022-12-31	Standalone	Number of employees
Employees	87	at 2021-12-31^d	Standalone	Number of employees
Employees	80	at 2020-12-31^d	Standalone	Number of employees
Employees	80	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.

All source rows · 1,330

Item	Context	Value	Unit
Retained earnings	CurrentYearInstant	41421632000	JPY
Treasury stock	Prior1YearInstant	-57646000	JPY
Treasury stock	CurrentYearInstant	-35798000	JPY
Shareholders equity	Prior1YearInstant	48952915000	JPY
Shareholders equity	CurrentYearInstant	51134022000	JPY
Foreign currency translation adjustment	Prior1YearInstant	3187970000	JPY
Foreign currency translation adjustment	CurrentYearInstant	5181664000	JPY
Valuation and translation adjustments	Prior1YearInstant	3187970000	JPY
Valuation and translation adjustments	CurrentYearInstant	5181664000	JPY
Non controlling interests	Prior1YearInstant	17761000	JPY
Non controlling interests	CurrentYearInstant	600182000	JPY
Net assets	Prior1YearInstant	52158647000	JPY
Net assets	CurrentYearInstant	56915870000	JPY
Liabilities and net assets	Prior1YearInstant	82916234000	JPY
Liabilities and net assets	CurrentYearInstant	78490857000	JPY
Net sales	Prior1YearDuration	34304362000	JPY
Net sales	CurrentYearDuration	36807389000	JPY
Cost of sales	Prior1YearDuration	19356565000	JPY
Cost of sales	CurrentYearDuration	18353480000	JPY
Gross profit	Prior1YearDuration	14947796000	JPY
Gross profit	CurrentYearDuration	18453908000	JPY
Selling general and administrative expenses	Prior1YearDuration	7498839000	JPY
Selling general and administrative expenses	CurrentYearDuration	8702355000	JPY
Operating income	Prior1YearDuration	7448956000	JPY
Operating income	CurrentYearDuration	9751552000	JPY
Interest income noi	Prior1YearDuration	126737000	JPY
Interest income noi	CurrentYearDuration	119831000	JPY
Dividends income noi	Prior1YearDuration	3654000	JPY
Dividends income noi	CurrentYearDuration	3288000	JPY
Rent income noi	Prior1YearDuration	32266000	JPY
Rent income noi	CurrentYearDuration	23649000	JPY
Equity in earnings of affiliates noi	Prior1YearDuration	206537000	JPY
Equity in earnings of affiliates noi	CurrentYearDuration	－	JPY
Foreign exchange gains noi	Prior1YearDuration	477148000	JPY
Foreign exchange gains noi	CurrentYearDuration	－	JPY
Gain on valuation of derivatives noi	Prior1YearDuration	222528000	JPY
Gain on valuation of derivatives noi	CurrentYearDuration	－	JPY
Subsidy income noi	Prior1YearDuration	76639000	JPY
Subsidy income noi	CurrentYearDuration	136891000	JPY
Gain on adjustment of account payable noi	Prior1YearDuration	177533000	JPY
Gain on adjustment of account payable noi	CurrentYearDuration	63367000	JPY
Other noi	Prior1YearDuration	16421000	JPY
Other noi	CurrentYearDuration	39014000	JPY
Non operating income	Prior1YearDuration	1339467000	JPY
Non operating income	CurrentYearDuration	386042000	JPY
Interest expenses noe	Prior1YearDuration	5924000	JPY
Interest expenses noe	CurrentYearDuration	5098000	JPY
Equity in losses of affiliates noe	Prior1YearDuration	－	JPY
Equity in losses of affiliates noe	CurrentYearDuration	9841000	JPY
Foreign exchange losses noe	Prior1YearDuration	－	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