Annual report

Period2025-02-21 → 2026-02-20

Filed2026-05-14

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 157

Metric	Value	Period	Scope	Source row
Revenue	¥21.2bn	2025-02-21 → 2026-02-20	Cons.	Net sales
Revenue	¥20.0bn	2024-02-21 → 2025-02-20	Cons.	Net sales
Revenue	¥21.7bn	2023-02-21 → 2024-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥26.5bn	2022-02-21 → 2023-02-20^v	Cons.	Net sales (5-year summary)
Revenue	¥23.6bn	2021-02-21 → 2022-02-20^d	Cons.	Net sales (5-year summary)
Operating income	¥163m	2025-02-21 → 2026-02-20	Cons.	Operating income
Operating income	−¥300m	2024-02-21 → 2025-02-20	Cons.	Operating income
Ordinary income	¥351m	2025-02-21 → 2026-02-20	Cons.	Ordinary income
Ordinary income	−¥143m	2024-02-21 → 2025-02-20	Cons.	Ordinary income
Ordinary income	¥1.4bn	2023-02-21 → 2024-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.2bn	2022-02-21 → 2023-02-20^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥2.4bn	2021-02-21 → 2022-02-20^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥2.1bn	2025-02-21 → 2026-02-20	Cons.	Income before income taxes
Profit before tax	¥476m	2024-02-21 → 2025-02-20	Cons.	Income before income taxes
Net income (owners)	¥2.0bn	2025-02-21 → 2026-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥778m	2024-02-21 → 2025-02-20	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.4bn	2023-02-21 → 2024-02-20^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥2.7bn	2022-02-21 → 2023-02-20^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥1.7bn	2021-02-21 → 2022-02-20^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥1.9bn	2025-02-21 → 2026-02-20	Cons.	Profit loss
Net income	−¥788m	2024-02-21 → 2025-02-20	Cons.	Profit loss
Total assets	¥52.4bn	at 2026-02-20	Cons.	Assets
Total assets	¥52.4bn	at 2025-02-20	Cons.	Assets
Total assets	¥49.3bn	at 2024-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥49.6bn	at 2023-02-20^v	Cons.	Total assets (5-year summary)
Total assets	¥50.2bn	at 2022-02-20^d	Cons.	Total assets (5-year summary)
Total liabilities	¥16.1bn	at 2026-02-20	Cons.	Liabilities
Total liabilities	¥18.1bn	at 2025-02-20	Cons.	Liabilities
Net assets / equity	¥36.3bn	at 2026-02-20	Cons.	Net assets
Net assets / equity	¥34.3bn	at 2025-02-20	Cons.	Net assets
Net assets / equity	¥34.8bn	at 2024-02-20^v	Cons.	Net assets
Net assets / equity	¥33.1bn	at 2023-02-20^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥30.1bn	at 2022-02-20^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥13.4bn	at 2026-02-20	Cons.	Cash and deposits
Cash and deposits	¥15.3bn	at 2025-02-20	Cons.	Cash and deposits
Cash & equivalents	¥9.4bn	at 2026-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥9.7bn	at 2025-02-20	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.9bn	at 2024-02-20^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥7.9bn	at 2023-02-20^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥9.4bn	at 2022-02-20^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥1.1bn	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.1bn	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥323m	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥388m	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥2.3bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥265m	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1.1bn	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in investment activities
Investing cash flow	¥1.1bn	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.4bn	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.4bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥1.7bn	2025-02-21 → 2026-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥773m	2024-02-21 → 2025-02-20	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥1.1bn	2023-02-21 → 2024-02-20^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥823m	2022-02-21 → 2023-02-20^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥2.5bn	2021-02-21 → 2022-02-20^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥74.51	2025-02-21 → 2026-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-29.41	2024-02-21 → 2025-02-20	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥52.23	2023-02-21 → 2024-02-20^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥101.21	2022-02-21 → 2023-02-20^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥66.07	2021-02-21 → 2022-02-20^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥74.37	2025-02-21 → 2026-02-20	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥52.1	2023-02-21 → 2024-02-20^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥100.76	2022-02-21 → 2023-02-20^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥65.71	2021-02-21 → 2022-02-20^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,368.61	at 2026-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,293	at 2025-02-20	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,313.85	at 2024-02-20^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,252.73	at 2023-02-20^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,138.92	at 2022-02-20^d	Cons.	Net assets per share (5-year summary)
Equity ratio	69.1%	at 2026-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	65.3%	at 2025-02-20	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	70.4%	at 2024-02-20^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	66.5%	at 2023-02-20^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.6%	at 2022-02-20^d	Cons.	Equity to asset ratio (5-year summary)
ROE	5.6%	2025-02-21 → 2026-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	-2.3%	2024-02-21 → 2025-02-20	Cons.	Rate of return on equity (5-year summary)
ROE	4.1%	2023-02-21 → 2024-02-20^v	Cons.	Rate of return on equity (5-year summary)
ROE	8.5%	2022-02-21 → 2023-02-20^v	Cons.	Rate of return on equity (5-year summary)
ROE	6.1%	2021-02-21 → 2022-02-20^d	Cons.	Rate of return on equity (5-year summary)
Employees	641	at 2026-02-20	Cons.	Number of employees
Employees	597	at 2025-02-20	Cons.	Number of employees
Employees	583	at 2024-02-20^v	Cons.	Number of employees
Employees	617	at 2023-02-20^v	Cons.	Number of employees
Employees	639	at 2022-02-20^d	Cons.	Number of employees
Revenue	¥13.6bn	2025-02-21 → 2026-02-20	Standalone	Net sales
Revenue	¥15.4bn	2024-02-21 → 2025-02-20	Standalone	Net sales
Revenue	¥14.9bn	2023-02-21 → 2024-02-20^v	Standalone	Net sales (5-year summary)
Revenue	¥14.2bn	2022-02-21 → 2023-02-20^v	Standalone	Net sales (5-year summary)
Revenue	¥17.2bn	2021-02-21 → 2022-02-20^d	Standalone	Net sales (5-year summary)
Operating income	¥45m	2025-02-21 → 2026-02-20	Standalone	Operating income
Operating income	−¥357m	2024-02-21 → 2025-02-20	Standalone	Operating income
Ordinary income	¥4.1bn	2025-02-21 → 2026-02-20	Standalone	Ordinary income
Ordinary income	¥1.4bn	2024-02-21 → 2025-02-20	Standalone	Ordinary income
Ordinary income	¥447m	2023-02-21 → 2024-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥689m	2022-02-21 → 2023-02-20^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥2.4bn	2021-02-21 → 2022-02-20^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥6.1bn	2025-02-21 → 2026-02-20	Standalone	Income before income taxes
Profit before tax	¥2.0bn	2024-02-21 → 2025-02-20	Standalone	Income before income taxes
Net income	¥5.5bn	2025-02-21 → 2026-02-20	Standalone	Profit loss
Net income	¥1.7bn	2024-02-21 → 2025-02-20	Standalone	Profit loss
Net income	¥701m	2023-02-21 → 2024-02-20^v	Standalone	Net income loss (5-year summary)
Net income	¥808m	2022-02-21 → 2023-02-20^v	Standalone	Net income loss (5-year summary)
Net income	¥1.7bn	2021-02-21 → 2022-02-20^d	Standalone	Net income loss (5-year summary)
Total assets	¥39.6bn	at 2026-02-20	Standalone	Assets
Total assets	¥36.6bn	at 2025-02-20	Standalone	Assets
Total assets	¥35.4bn	at 2024-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥35.9bn	at 2023-02-20^v	Standalone	Total assets (5-year summary)
Total assets	¥37.6bn	at 2022-02-20^d	Standalone	Total assets (5-year summary)
Total liabilities	¥10.5bn	at 2026-02-20	Standalone	Liabilities
Total liabilities	¥12.8bn	at 2025-02-20	Standalone	Liabilities
Net assets / equity	¥29.0bn	at 2026-02-20	Standalone	Net assets
Net assets / equity	¥23.7bn	at 2025-02-20	Standalone	Net assets
Net assets / equity	¥22.9bn	at 2024-02-20^v	Standalone	Net assets
Net assets / equity	¥22.7bn	at 2023-02-20^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥22.3bn	at 2022-02-20^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.5bn	at 2026-02-20	Standalone	Cash and deposits
Cash and deposits	¥3.2bn	at 2025-02-20	Standalone	Cash and deposits
EPS (basic)	¥208.78	2025-02-21 → 2026-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.19	2024-02-21 → 2025-02-20	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥26.54	2023-02-21 → 2024-02-20^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥30.67	2022-02-21 → 2023-02-20^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥64.23	2021-02-21 → 2022-02-20^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥208.37	2025-02-21 → 2026-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥64	2024-02-21 → 2025-02-20	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥26.47	2023-02-21 → 2024-02-20^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥30.54	2022-02-21 → 2023-02-20^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥63.88	2021-02-21 → 2022-02-20^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥12	2025-02-21 → 2026-02-20	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥10	2024-02-21 → 2025-02-20	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2023-02-21 → 2024-02-20^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥25.2	2022-02-21 → 2023-02-20^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥16.2	2021-02-21 → 2022-02-20^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,094.63	at 2026-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥895.52	at 2025-02-20	Standalone	Net assets per share (5-year summary)
Net assets per share	¥866.52	at 2024-02-20^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥858.72	at 2023-02-20^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥842.98	at 2022-02-20^d	Standalone	Net assets per share (5-year summary)
Equity ratio	73.2%	at 2026-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.8%	at 2025-02-20	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.7%	at 2024-02-20^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	63.0%	at 2023-02-20^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	59.0%	at 2022-02-20^d	Standalone	Equity to asset ratio (5-year summary)
ROE	21.0%	2025-02-21 → 2026-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	7.3%	2024-02-21 → 2025-02-20	Standalone	Rate of return on equity (5-year summary)
ROE	3.1%	2023-02-21 → 2024-02-20^v	Standalone	Rate of return on equity (5-year summary)
ROE	3.6%	2022-02-21 → 2023-02-20^v	Standalone	Rate of return on equity (5-year summary)
ROE	7.8%	2021-02-21 → 2022-02-20^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	28,800,000	at 2026-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2025-02-20	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2024-02-20^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2023-02-20^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	28,800,000	at 2022-02-20^d	Standalone	Total number of issued shares (5-year summary)
Employees	330	at 2026-02-20	Standalone	Number of employees
Employees	300	at 2025-02-20	Standalone	Number of employees
Employees	304	at 2024-02-20^v	Standalone	Number of employees
Employees	310	at 2023-02-20^v	Standalone	Number of employees
Employees	316	at 2022-02-20^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 · 1,570

Item	Context	Value	Unit
Independent auditors report consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 太陽有限責任監査法人
Cpa1 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 岡本　伸吾
Cpa2 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 戸田　圭亮
Key audit matters consolidated (text)	FilingDateInstant	Text · Plus
Overview kam consolidated (text)	FilingDateInstant	Text · Plus
Short description kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) スパンレース不織布事業の事業譲受に伴う企業結合に係る会計処理
Description including reason kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Reference kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 【注記事項】（企業結合等関係）
Auditors response kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Short description kam consolidated	FilingDateInstant_Row2Member	Original text (Japanese) 株式会社瑞光の機械装置の製造等における収益認識に係る原価総額の見積り
Description including reason kam consolidated (text)	FilingDateInstant_Row2Member	Text · Plus
Reference kam consolidated	FilingDateInstant_Row2Member	Original text (Japanese) 【注記事項】（連結財務諸表作成のための基本となる重要な事項）４会計方針に関する事項（５）重要な収益及び費用の計上基準
Reference2 kam consolidated	FilingDateInstant_Row2Member	Original text (Japanese) 【注記事項】（重要な会計上の見積り）
Auditors response kam consolidated (text)	FilingDateInstant_Row2Member	Text · Plus
Other information consolidated (text)	FilingDateInstant	Text · Plus
Fee related information consolidated (text)	FilingDateInstant	Text · Plus
Independent auditors report non consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 太陽有限責任監査法人
Cpa1 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 岡本　伸吾
Cpa2 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 戸田　圭亮
Key audit matters non consolidated (text)	FilingDateInstant	Text · Plus
Overview kam non consolidated (text)	FilingDateInstant	Text · Plus
Short description kam non consolidated	FilingDateInstant_Row1Member	Original text (Japanese) スパンレース不織布事業の事業譲受に伴う企業結合に係る会計処理
Same as kam for consolidated fskam non consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Short description kam non consolidated	FilingDateInstant_Row2Member	Original text (Japanese) 株式会社瑞光の機械装置の製造等における収益認識に係る原価総額の見積り
Same as kam for consolidated fskam non consolidated (text)	FilingDateInstant_Row2Member	Text · Plus
Other information non consolidated (text)	FilingDateInstant	Text · Plus
Fee related information non consolidated (text)	FilingDateInstant	Text · Plus
Number of submission	FilingDateInstant	1
Net sales (5-year summary)	Prior4YearDuration	23580821000	JPY
Net sales (5-year summary)	Prior3YearDuration	26505170000	JPY
Net sales (5-year summary)	Prior2YearDuration	21737710000	JPY
Net sales (5-year summary)	Prior1YearDuration	19950779000	JPY
Net sales (5-year summary)	CurrentYearDuration	21170251000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration	2421974000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration	2219796000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration	1427783000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration	-142524000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration	350595000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior4YearDuration	1736696000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior3YearDuration	2665065000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior2YearDuration	1378866000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior1YearDuration	-778314000	JPY
Profit loss attributable to owners of parent (5-year summary)	CurrentYearDuration	1972695000	JPY
Comprehensive income (5-year summary)	Prior4YearDuration	3015571000	JPY
Comprehensive income (5-year summary)	Prior3YearDuration	3304142000	JPY
Comprehensive income (5-year summary)	Prior2YearDuration	2354349000	JPY
Comprehensive income (5-year summary)	Prior1YearDuration	-160983000	JPY
Comprehensive income (5-year summary)	CurrentYearDuration	2266276000	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 2025-02-20	pass
balance sheet identity	consolidated 2026-02-20	pass rounding
balance sheet identity	non_consolidated 2025-02-20	pass rounding
balance sheet identity	non_consolidated 2026-02-20	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2024-02-20	pass
statement vs summary · net assets	consolidated 2025-02-20	pass
statement vs summary · net assets	consolidated 2026-02-20	pass
statement vs summary · net assets	non_consolidated 2024-02-20	pass
statement vs summary · net assets	non_consolidated 2025-02-20	pass
statement vs summary · net assets	non_consolidated 2026-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · net income attributable to parent	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · operating cash flow	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · operating cash flow	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	consolidated 2025-02-21/2026-02-20	pass
statement vs summary · revenue	non_consolidated 2024-02-21/2025-02-20	pass
statement vs summary · revenue	non_consolidated 2025-02-21/2026-02-20	pass
statement vs summary · total assets	consolidated 2025-02-20	pass
statement vs summary · total assets	consolidated 2026-02-20	pass
statement vs summary · total assets	non_consolidated 2025-02-20	pass
statement vs summary · total assets	non_consolidated 2026-02-20	pass