Annual report

Period2024-12-01 → 2025-09-30

Filed2025-12-22

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 148

Metric	Value	Period	Scope	Source row
Revenue	¥7.0bn	2024-12-01 → 2025-09-30	Cons.	Net sales
Revenue	¥8.2bn	2023-12-01 → 2024-11-30	Cons.	Net sales
Revenue	¥7.4bn	2022-12-01 → 2023-11-30^v	Cons.	Net sales (5-year summary)
Revenue	¥6.9bn	2021-12-01 → 2022-11-30^v	Cons.	Net sales (5-year summary)
Revenue	¥5.8bn	2020-12-01 → 2021-11-30^d	Cons.	Net sales (5-year summary)
Operating income	¥864m	2024-12-01 → 2025-09-30	Cons.	Operating income
Operating income	¥1.2bn	2023-12-01 → 2024-11-30	Cons.	Operating income
Ordinary income	¥979m	2024-12-01 → 2025-09-30	Cons.	Ordinary income
Ordinary income	¥1.3bn	2023-12-01 → 2024-11-30	Cons.	Ordinary income
Ordinary income	¥910m	2022-12-01 → 2023-11-30^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥562m	2021-12-01 → 2022-11-30^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥445m	2020-12-01 → 2021-11-30^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥1.2bn	2024-12-01 → 2025-09-30	Cons.	Income before income taxes
Profit before tax	¥1.3bn	2023-12-01 → 2024-11-30	Cons.	Income before income taxes
Net income (owners)	¥825m	2024-12-01 → 2025-09-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.1bn	2023-12-01 → 2024-11-30	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥697m	2022-12-01 → 2023-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥483m	2021-12-01 → 2022-11-30^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥303m	2020-12-01 → 2021-11-30^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥825m	2024-12-01 → 2025-09-30	Cons.	Profit loss
Net income	¥1.1bn	2023-12-01 → 2024-11-30	Cons.	Profit loss
Total assets	¥14.5bn	at 2025-09-30	Cons.	Assets
Total assets	¥14.2bn	at 2024-11-30	Cons.	Assets
Total assets	¥12.7bn	at 2023-11-30^v	Cons.	Total assets (5-year summary)
Total assets	¥12.4bn	at 2022-11-30^v	Cons.	Total assets (5-year summary)
Total assets	¥12.1bn	at 2021-11-30^d	Cons.	Total assets (5-year summary)
Total liabilities	¥2.5bn	at 2025-09-30	Cons.	Liabilities
Total liabilities	¥3.0bn	at 2024-11-30	Cons.	Liabilities
Net assets / equity	¥12.0bn	at 2025-09-30	Cons.	Net assets
Net assets / equity	¥11.2bn	at 2024-11-30	Cons.	Net assets
Net assets / equity	¥10.0bn	at 2023-11-30^v	Cons.	Net assets
Net assets / equity	¥9.5bn	at 2022-11-30^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥9.0bn	at 2021-11-30^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥4.9bn	at 2025-09-30	Cons.	Cash and deposits
Cash and deposits	¥4.4bn	at 2024-11-30	Cons.	Cash and deposits
Cash & equivalents	¥4.8bn	at 2025-09-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.3bn	at 2024-11-30	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.4bn	at 2023-11-30^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥4.1bn	at 2022-11-30^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.8bn	at 2021-11-30^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥698m	2024-12-01 → 2025-09-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥2.3bn	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥471m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥996m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥861m	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	¥196m	2024-12-01 → 2025-09-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.0bn	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥700m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥178m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥84m	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥392m	2024-12-01 → 2025-09-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥370m	2023-12-01 → 2024-11-30	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥516m	2022-12-01 → 2023-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥432m	2021-12-01 → 2022-11-30^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥396m	2020-12-01 → 2021-11-30^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥514.99	2024-12-01 → 2025-09-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥688.62	2023-12-01 → 2024-11-30	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥433.84	2022-12-01 → 2023-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥290.83	2021-12-01 → 2022-11-30^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥177.61	2020-12-01 → 2021-11-30^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥7,477.69	at 2025-09-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥6,977.51	at 2024-11-30	Cons.	Net assets per share (5-year summary)
Net assets per share	¥6,264.9	at 2023-11-30^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥5,716.76	at 2022-11-30^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥5,314.84	at 2021-11-30^d	Cons.	Net assets per share (5-year summary)
Equity ratio	82.5%	at 2025-09-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	78.7%	at 2024-11-30	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	78.8%	at 2023-11-30^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	76.3%	at 2022-11-30^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	74.4%	at 2021-11-30^d	Cons.	Equity to asset ratio (5-year summary)
ROE	7.1%	2024-12-01 → 2025-09-30	Cons.	Rate of return on equity (5-year summary)
ROE	10.4%	2023-12-01 → 2024-11-30	Cons.	Rate of return on equity (5-year summary)
ROE	7.2%	2022-12-01 → 2023-11-30^v	Cons.	Rate of return on equity (5-year summary)
ROE	5.2%	2021-12-01 → 2022-11-30^v	Cons.	Rate of return on equity (5-year summary)
ROE	3.4%	2020-12-01 → 2021-11-30^d	Cons.	Rate of return on equity (5-year summary)
Employees	324	at 2025-09-30	Cons.	Number of employees
Employees	335	at 2024-11-30	Cons.	Number of employees
Employees	339	at 2023-11-30^v	Cons.	Number of employees
Employees	356	at 2022-11-30^v	Cons.	Number of employees
Employees	364	at 2021-11-30^d	Cons.	Number of employees
Revenue	¥7.0bn	2024-12-01 → 2025-09-30	Standalone	Net sales
Revenue	¥8.2bn	2023-12-01 → 2024-11-30	Standalone	Net sales
Revenue	¥7.4bn	2022-12-01 → 2023-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥6.8bn	2021-12-01 → 2022-11-30^v	Standalone	Net sales (5-year summary)
Revenue	¥5.8bn	2020-12-01 → 2021-11-30^d	Standalone	Net sales (5-year summary)
Operating income	¥854m	2024-12-01 → 2025-09-30	Standalone	Operating income
Operating income	¥1.1bn	2023-12-01 → 2024-11-30	Standalone	Operating income
Ordinary income	¥952m	2024-12-01 → 2025-09-30	Standalone	Ordinary income
Ordinary income	¥1.2bn	2023-12-01 → 2024-11-30	Standalone	Ordinary income
Ordinary income	¥831m	2022-12-01 → 2023-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥490m	2021-12-01 → 2022-11-30^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥386m	2020-12-01 → 2021-11-30^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥1.2bn	2024-12-01 → 2025-09-30	Standalone	Income before income taxes
Profit before tax	¥1.2bn	2023-12-01 → 2024-11-30	Standalone	Income before income taxes
Net income	¥802m	2024-12-01 → 2025-09-30	Standalone	Profit loss
Net income	¥1.1bn	2023-12-01 → 2024-11-30	Standalone	Profit loss
Net income	¥634m	2022-12-01 → 2023-11-30^v	Standalone	Net income loss (5-year summary)
Net income	¥428m	2021-12-01 → 2022-11-30^v	Standalone	Net income loss (5-year summary)
Net income	¥261m	2020-12-01 → 2021-11-30^d	Standalone	Net income loss (5-year summary)
Total assets	¥13.4bn	at 2025-09-30	Standalone	Assets
Total assets	¥13.2bn	at 2024-11-30	Standalone	Assets
Total assets	¥11.7bn	at 2023-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥11.5bn	at 2022-11-30^v	Standalone	Total assets (5-year summary)
Total assets	¥11.2bn	at 2021-11-30^d	Standalone	Total assets (5-year summary)
Total liabilities	¥2.7bn	at 2025-09-30	Standalone	Liabilities
Total liabilities	¥3.3bn	at 2024-11-30	Standalone	Liabilities
Net assets / equity	¥10.7bn	at 2025-09-30	Standalone	Net assets
Net assets / equity	¥9.9bn	at 2024-11-30	Standalone	Net assets
Net assets / equity	¥8.9bn	at 2023-11-30^v	Standalone	Net assets
Net assets / equity	¥8.4bn	at 2022-11-30^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥8.1bn	at 2021-11-30^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥4.3bn	at 2025-09-30	Standalone	Cash and deposits
Cash and deposits	¥3.8bn	at 2024-11-30	Standalone	Cash and deposits
EPS (basic)	¥500.31	2024-12-01 → 2025-09-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥660.17	2023-12-01 → 2024-11-30	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥394.7	2022-12-01 → 2023-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥257.46	2021-12-01 → 2022-11-30^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥152.91	2020-12-01 → 2021-11-30^d	Standalone	Basic earnings loss per share (5-year summary)
Dividend per share	¥60	2024-12-01 → 2025-09-30	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥70	2023-12-01 → 2024-11-30	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2022-12-01 → 2023-11-30^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2021-12-01 → 2022-11-30^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥20	2020-12-01 → 2021-11-30^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥6,641.59	at 2025-09-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥6,198.92	at 2024-11-30	Standalone	Net assets per share (5-year summary)
Net assets per share	¥5,553.3	at 2023-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥5,073.85	at 2022-11-30^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥4,765.24	at 2021-11-30^d	Standalone	Net assets per share (5-year summary)
Equity ratio	79.5%	at 2025-09-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	75.2%	at 2024-11-30	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	75.6%	at 2023-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	73.1%	at 2022-11-30^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	72.0%	at 2021-11-30^d	Standalone	Equity to asset ratio (5-year summary)
ROE	7.8%	2024-12-01 → 2025-09-30	Standalone	Rate of return on equity (5-year summary)
ROE	11.2%	2023-12-01 → 2024-11-30	Standalone	Rate of return on equity (5-year summary)
ROE	7.4%	2022-12-01 → 2023-11-30^v	Standalone	Rate of return on equity (5-year summary)
ROE	5.3%	2021-12-01 → 2022-11-30^v	Standalone	Rate of return on equity (5-year summary)
ROE	3.3%	2020-12-01 → 2021-11-30^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	1,793,000	at 2025-09-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,793,000	at 2024-11-30	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,793,000	at 2023-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,793,000	at 2022-11-30^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	1,793,000	at 2021-11-30^d	Standalone	Total number of issued shares (5-year summary)
Employees	179	at 2025-09-30	Standalone	Number of employees
Employees	176	at 2024-11-30	Standalone	Number of employees
Employees	178	at 2023-11-30^v	Standalone	Number of employees
Employees	189	at 2022-11-30^v	Standalone	Number of employees
Employees	192	at 2021-11-30^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 · 2

Segment	Item	Period	Value
Valve Manufacturing Businessreportable segment	employees	at 2025-09-30	324 pure
Valve Manufacturing Businessreportable segment	employees	at 2025-09-30	179 pure

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

All source rows · 1,368

Item	Context	Value	Unit
Independent auditors report consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 有限責任監査法人トーマツ
Cpa1 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 室　　井　　秀　　夫
Cpa2 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 久　　原　　明　　夫
Key audit matters consolidated (text)	FilingDateInstant	Text · Plus
Overview kam consolidated (text)	FilingDateInstant	Text · Plus
Short description kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 「仕掛品」に含まれる火力発電所向けの大型バルブの評価
Description including reason kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Auditors response kam consolidated (text)	FilingDateInstant_Row1Member	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) 有限責任監査法人トーマツ
Cpa1 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 室　　井　　秀　　夫
Cpa2 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 久　　原　　明　　夫
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) 「仕掛品」に含まれる火力発電所向けの大型バルブの評価
Same as kam for consolidated fskam non consolidated (text)	FilingDateInstant_Row1Member	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	5850000000	JPY
Net sales (5-year summary)	Prior3YearDuration	6887000000	JPY
Net sales (5-year summary)	Prior2YearDuration	7407000000	JPY
Net sales (5-year summary)	Prior1YearDuration	8169000000	JPY
Net sales (5-year summary)	CurrentYearDuration	7006000000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration	445000000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration	562000000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration	910000000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration	1283000000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration	979000000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior4YearDuration	303000000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior3YearDuration	483000000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior2YearDuration	697000000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior1YearDuration	1102000000	JPY
Profit loss attributable to owners of parent (5-year summary)	CurrentYearDuration	825000000	JPY
Comprehensive income (5-year summary)	Prior4YearDuration	272000000	JPY
Comprehensive income (5-year summary)	Prior3YearDuration	601000000	JPY
Comprehensive income (5-year summary)	Prior2YearDuration	746000000	JPY
Comprehensive income (5-year summary)	Prior1YearDuration	1232000000	JPY
Comprehensive income (5-year summary)	CurrentYearDuration	913000000	JPY
Net assets (5-year summary)	Prior4YearInstant	9004000000	JPY
Net assets (5-year summary)	Prior3YearInstant	9456000000	JPY
Net assets (5-year summary)	Prior2YearInstant	10011000000	JPY
Net assets (5-year summary)	Prior1YearInstant	11179000000	JPY
Net assets (5-year summary)	CurrentYearInstant	12001000000	JPY
Total assets (5-year summary)	Prior4YearInstant	12095000000	JPY
Total assets (5-year summary)	Prior3YearInstant	12395000000	JPY
Total assets (5-year summary)	Prior2YearInstant	12707000000	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 2024-11-30	pass rounding
balance sheet identity	consolidated 2025-09-30	pass
balance sheet identity	non_consolidated 2024-11-30	pass
balance sheet identity	non_consolidated 2025-09-30	pass rounding
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-11-30	pass
statement vs summary · net assets	consolidated 2024-11-30	pass
statement vs summary · net assets	consolidated 2025-09-30	pass
statement vs summary · net assets	non_consolidated 2023-11-30	pass
statement vs summary · net assets	non_consolidated 2024-11-30	pass
statement vs summary · net assets	non_consolidated 2025-09-30	pass
statement vs summary · net income attributable to parent	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · net income attributable to parent	consolidated 2024-12-01/2025-09-30	pass
statement vs summary · operating cash flow	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · operating cash flow	consolidated 2024-12-01/2025-09-30	pass
statement vs summary · revenue	consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	consolidated 2024-12-01/2025-09-30	pass
statement vs summary · revenue	non_consolidated 2023-12-01/2024-11-30	pass
statement vs summary · revenue	non_consolidated 2024-12-01/2025-09-30	pass
statement vs summary · total assets	consolidated 2024-11-30	pass
statement vs summary · total assets	consolidated 2025-09-30	pass
statement vs summary · total assets	non_consolidated 2024-11-30	pass
statement vs summary · total assets	non_consolidated 2025-09-30	pass