Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-16
StandardIFRS
ConsolidatedYes
Data checks19 of 19 passed
Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥3.02T2025-01-01 → 2025-12-31Cons.Revenue IFRS (5-year summary)
Revenue¥3.02T2024-01-01 → 2024-12-31Cons.Revenue IFRS (5-year summary)
Revenue¥3.02T2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥2.68T2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥2.20T2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income¥265.5bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥315.6bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax¥282.1bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥335.3bn2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥342.3bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥231.2bn2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥250.9bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)¥186.7bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥230.4bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥238.5bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥156.5bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥174.8bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income¥216.8bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income¥259.7bn2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Total assets¥6.20Tat 2025-12-31Cons.Assets IFRS
Total assets¥6.02Tat 2024-12-31Cons.Assets IFRS
Total assets¥5.36Tat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥4.77Tat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥3.77Tat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥3.33Tat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥3.28Tat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥2.87Tat 2025-12-31Cons.Equity IFRS
Net assets / equity¥2.74Tat 2024-12-31Cons.Equity IFRS
Net assets / equity¥2.42Tat 2023-12-31vCons.Equity IFRS
Equity (owners)¥2.62Tat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥2.48Tat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥2.18Tat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥1.87Tat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥1.68Tat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥277.0bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥295.1bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥222.1bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥225.8bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥258.6bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow¥327.9bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥282.1bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥17.3bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow−¥7.7bn2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥92.5bn2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥163.7bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥208.9bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥173.4bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥318.5bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥127.4bn2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow−¥184.5bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow−¥26.3bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥178.4bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥282.6bn2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥60.6bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥163.442025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥197.612024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥201.742023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥131.062022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥144.82021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
Net assets per share¥2,306.8at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥2,155.29at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,851.75at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,576.3at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥1,398.47at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio42.3%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio41.2%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio40.6%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio39.3%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio44.5%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE7.3%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE9.9%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE11.8%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE8.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE11.1%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees52,503at 2025-12-31Cons.Number of employees
Revenue¥1.24T2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥1.19T2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥1.22T2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.16T2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.08T2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income¥72.0bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥45.5bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥251.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥176.7bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥109.2bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥90.7bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥118.5bn2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥263.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥197.9bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥233.6bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥178.0bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥123.8bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥73.8bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥95.6bn2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥1.90Tat 2025-12-31StandaloneAssets
Total assets¥1.79Tat 2024-12-31StandaloneAssets
Total assets¥1.71Tat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.64Tat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥1.42Tat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥996.9bnat 2025-12-31StandaloneLiabilities
Total liabilities¥1.04Tat 2024-12-31StandaloneLiabilities
Net assets / equity¥906.3bnat 2025-12-31StandaloneNet assets
Net assets / equity¥749.3bnat 2024-12-31StandaloneNet assets
Net assets / equity¥679.6bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥631.5bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥646.0bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥104.6bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥117.6bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥204.482025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥152.572024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥104.682023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥61.782022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥79.212021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥502025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥502024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥482023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥442022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥422021-01-01 → 2021-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥796.79at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥651.67at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥578.22at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥530.93at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥538.2at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio47.6%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio41.8%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio39.7%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio38.4%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio45.6%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE28.2%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE24.9%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE18.9%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE11.6%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE15.2%2021-01-01 → 2021-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued1,138,716,000at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,150,896,000at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,176,666,000at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,191,006,000at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,200,246,000at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees15,897at 2025-12-31StandaloneNumber of employees
Employees15,472at 2024-12-31StandaloneNumber of employees
Employees14,638at 2023-12-31vStandaloneNumber of employees
Employees12,474at 2022-12-31vStandaloneNumber of employees
Employees11,711at 2021-12-31dStandaloneNumber 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 · 21
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsemployeesat 2025-12-311379 pure
Otherother segmentssegment assetsat 2025-12-31¥91.1bn
Otherother segmentssegment profit2025-01-01 → 2025-12-31¥824m
Reconciling Itemsreconcilingsegment assetsat 2025-12-31¥292.5bn
Reconciling Itemsreconcilingsegment profit2025-01-01 → 2025-12-31−¥22.0bn
Machineryreportable segmentemployeesat 2025-12-3141342 pure
Machineryreportable segmentsegment assetsat 2025-12-31¥5.47T
Machineryreportable segmentsegment profit2025-01-01 → 2025-12-31¥253.6bn
Water And Environmentreportable segmentemployeesat 2025-12-318379 pure
Water And Environmentreportable segmentsegment assetsat 2025-12-31¥346.3bn
Water And Environmentreportable segmentsegment profit2025-01-01 → 2025-12-31¥33.0bn
Otherother segmentssegment assetsat 2024-12-31¥93.2bn
Otherother segmentssegment profit2024-01-01 → 2024-12-31¥966m
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥255.8bn
Reconciling Itemsreconcilingsegment profit2024-01-01 → 2024-12-31−¥33.0bn
Machineryreportable segmentsegment assetsat 2024-12-31¥5.32T
Machineryreportable segmentsegment profit2024-01-01 → 2024-12-31¥323.4bn
Water And Environmentreportable segmentsegment assetsat 2024-12-31¥346.6bn
Water And Environmentreportable segmentsegment profit2024-01-01 → 2024-12-31¥24.3bn
Machineryreportable segmentemployeesat 2025-12-3111569 pure
Water And Environmentreportable segmentemployeesat 2025-12-313017 pure

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

All source rows · 2,111
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)有限責任監査法人トーマツ
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)池  田  賢  重
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)伊  藤     穣
Cpa3 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)肝  付     晃
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)金融子会社の金融債権の評価
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【連結財務諸表注記】「7.金融債権」
Reference2 kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【連結財務諸表注記】「30.金融商品」
Auditors response kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information consolidated (text)FilingDateInstantText · Plus
Fee related information consolidated (text)FilingDateInstantText · Plus
Independent auditors report non consolidated (text)FilingDateInstantText · Plus
Audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)有限責任監査法人トーマツ
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)池  田  賢  重
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)伊  藤     穣
Cpa3 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)肝  付     晃
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Short description kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)製品保証に係る一般引当金の見積り
Description including reason kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)【注記事項】(重要な会計方針)3 引当金の計上基準(2) 製品保証引当金
Reference2 kam non consolidatedFilingDateInstant_Row1Member
Original text (Japanese)(重要な会計上の見積り)1 製品保証引当金
Auditors response kam non consolidated (text)FilingDateInstant_Row1MemberText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Revenue IFRS (5-year summary)Prior4YearDuration2196766000000JPY
Revenue IFRS (5-year summary)Prior3YearDuration2676980000000JPY
Revenue IFRS (5-year summary)Prior2YearDuration3020711000000JPY
Revenue IFRS (5-year summary)Prior1YearDuration3016281000000JPY
Revenue IFRS (5-year summary)CurrentYearDuration3018891000000JPY
Profit loss before tax IFRS (5-year summary)Prior4YearDuration250917000000JPY
Profit loss before tax IFRS (5-year summary)Prior3YearDuration231150000000JPY
Profit loss before tax IFRS (5-year summary)Prior2YearDuration342289000000JPY
Profit loss before tax IFRS (5-year summary)Prior1YearDuration335297000000JPY
Profit loss before tax IFRS (5-year summary)CurrentYearDuration282140000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior4YearDuration174765000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior3YearDuration156472000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior2YearDuration238455000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)Prior1YearDuration230437000000JPY
Profit loss attributable to owners of parent IFRS (5-year summary)CurrentYearDuration186687000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior4YearDuration269162000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior3YearDuration283262000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior2YearDuration367470000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)Prior1YearDuration409490000000JPY
Comprehensive income attributable to owners of parent IFRS (5-year summary)CurrentYearDuration222192000000JPY
Equity attributable to owners of parent IFRS (5-year summary)Prior4YearInstant1678035000000JPY

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 · 19 of 19 passed
balance sheet identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass