Annual report

Period2024-04-01 → 2025-03-31
Filed2025-06-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 143
MetricValuePeriodScopeSource row
Revenue¥2.1bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥2.1bn2023-04-01 → 2024-03-31Cons.Net sales
Revenue¥2.2bn2022-04-01 → 2023-03-31dCons.Net sales (5-year summary)
Revenue¥1.9bn2021-04-01 → 2022-03-31dCons.Net sales (5-year summary)
Revenue¥2.3bn2020-04-01 → 2021-03-31dCons.Net sales (5-year summary)
Operating income¥137m2024-04-01 → 2025-03-31Cons.Operating income
Operating income¥127m2023-04-01 → 2024-03-31Cons.Operating income
Ordinary income¥154m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥136m2023-04-01 → 2024-03-31Cons.Ordinary income
Ordinary income¥138m2022-04-01 → 2023-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥150m2021-04-01 → 2022-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥222m2020-04-01 → 2021-03-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥154m2024-04-01 → 2025-03-31Cons.Income before income taxes
Profit before tax¥644m2023-04-01 → 2024-03-31Cons.Income before income taxes
Net income (owners)¥106m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥791m2023-04-01 → 2024-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥123m2022-04-01 → 2023-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥128m2021-04-01 → 2022-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥202m2020-04-01 → 2021-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥106m2024-04-01 → 2025-03-31Cons.Profit loss
Net income¥791m2023-04-01 → 2024-03-31Cons.Profit loss
Total assets¥5.7bnat 2025-03-31Cons.Assets
Total assets¥5.6bnat 2024-03-31Cons.Assets
Total assets¥5.4bnat 2023-03-31dCons.Total assets (5-year summary)
Total assets¥4.6bnat 2022-03-31dCons.Total assets (5-year summary)
Total assets¥4.7bnat 2021-03-31dCons.Total assets (5-year summary)
Total liabilities¥586mat 2025-03-31Cons.Liabilities
Total liabilities¥601mat 2024-03-31Cons.Liabilities
Net assets / equity¥5.2bnat 2025-03-31Cons.Net assets
Net assets / equity¥5.0bnat 2024-03-31Cons.Net assets
Net assets / equity¥4.3bnat 2023-03-31dCons.Net assets
Net assets / equity¥3.7bnat 2022-03-31dCons.Net assets (5-year summary)
Net assets / equity¥3.6bnat 2021-03-31dCons.Net assets (5-year summary)
Cash and deposits¥2.6bnat 2025-03-31Cons.Cash and deposits
Cash and deposits¥2.6bnat 2024-03-31Cons.Cash and deposits
Cash & equivalents¥2.6bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥2.6bnat 2024-03-31Cons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2023-03-31dCons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2022-03-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥2.2bnat 2021-03-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥4m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥484m2023-04-01 → 2024-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥4m2022-04-01 → 2023-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥301m2021-04-01 → 2022-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥435m2020-04-01 → 2021-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥66m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow¥977m2023-04-01 → 2024-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥25m2022-04-01 → 2023-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2021-04-01 → 2022-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥48m2020-04-01 → 2021-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥3m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥203m2023-04-01 → 2024-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥7m2022-04-01 → 2023-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥7m2021-04-01 → 2022-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥602m2020-04-01 → 2021-03-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥2.42024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥17.952023-04-01 → 2024-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥2.912022-04-01 → 2023-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥3.372021-04-01 → 2022-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥5.852020-04-01 → 2021-03-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥117.01at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥114.46at 2024-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥98.68at 2023-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥97.71at 2022-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥93.79at 2021-03-31dCons.Net assets per share (5-year summary)
Equity ratio89.8%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio89.3%at 2024-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio80.5%at 2023-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio80.8%at 2022-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio75.5%at 2021-03-31dCons.Equity to asset ratio (5-year summary)
ROE2.1%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE16.8%2023-04-01 → 2024-03-31Cons.Rate of return on equity (5-year summary)
ROE3.0%2022-04-01 → 2023-03-31dCons.Rate of return on equity (5-year summary)
ROE3.5%2021-04-01 → 2022-03-31dCons.Rate of return on equity (5-year summary)
ROE6.2%2020-04-01 → 2021-03-31dCons.Rate of return on equity (5-year summary)
Employees83at 2025-03-31Cons.Number of employees
Employees85at 2024-03-31Cons.Number of employees
Employees83at 2023-03-31dCons.Number of employees
Employees81at 2022-03-31dCons.Number of employees
Employees82at 2021-03-31dCons.Number of employees
Revenue¥282m2024-04-01 → 2025-03-31StandaloneOperating revenue1
Revenue¥282m2023-04-01 → 2024-03-31StandaloneOperating revenue1
Revenue¥279m2022-04-01 → 2023-03-31dStandaloneOperating revenue1 (5-year summary)
Revenue¥271m2021-04-01 → 2022-03-31dStandaloneOperating revenue1 (5-year summary)
Revenue¥272m2020-04-01 → 2021-03-31dStandaloneOperating revenue1 (5-year summary)
Operating income¥136m2024-04-01 → 2025-03-31StandaloneOperating income
Operating income¥126m2023-04-01 → 2024-03-31StandaloneOperating income
Ordinary income¥155m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥132m2023-04-01 → 2024-03-31StandaloneOrdinary income
Ordinary income¥119m2022-04-01 → 2023-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥115m2021-04-01 → 2022-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥123m2020-04-01 → 2021-03-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥155m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Profit before tax¥666m2023-04-01 → 2024-03-31StandaloneIncome before income taxes
Net income¥97m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥697m2023-04-01 → 2024-03-31StandaloneProfit loss
Net income¥123m2022-04-01 → 2023-03-31dStandaloneNet income loss (5-year summary)
Net income¥101m2021-04-01 → 2022-03-31dStandaloneNet income loss (5-year summary)
Net income¥132m2020-04-01 → 2021-03-31dStandaloneNet income loss (5-year summary)
Total assets¥5.2bnat 2025-03-31StandaloneAssets
Total assets¥5.1bnat 2024-03-31StandaloneAssets
Total assets¥4.5bnat 2023-03-31dStandaloneTotal assets (5-year summary)
Total assets¥3.8bnat 2022-03-31dStandaloneTotal assets (5-year summary)
Total assets¥3.7bnat 2021-03-31dStandaloneTotal assets (5-year summary)
Total liabilities¥213mat 2025-03-31StandaloneLiabilities
Total liabilities¥225mat 2024-03-31StandaloneLiabilities
Net assets / equity¥4.9bnat 2025-03-31StandaloneNet assets
Net assets / equity¥4.8bnat 2024-03-31StandaloneNet assets
Net assets / equity¥4.2bnat 2023-03-31dStandaloneNet assets
Net assets / equity¥3.6bnat 2022-03-31dStandaloneNet assets (5-year summary)
Net assets / equity¥3.5bnat 2021-03-31dStandaloneNet assets (5-year summary)
Cash and deposits¥2.1bnat 2025-03-31StandaloneCash and deposits
Cash and deposits¥2.0bnat 2024-03-31StandaloneCash and deposits
EPS (basic)¥2.212024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥15.822023-04-01 → 2024-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥2.922022-04-01 → 2023-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥2.672021-04-01 → 2022-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥3.812020-04-01 → 2021-03-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥112.28at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥110.04at 2024-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥95.84at 2023-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥94.45at 2022-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥91.37at 2021-03-31dStandaloneNet assets per share (5-year summary)
Equity ratio95.8%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio95.6%at 2024-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio94.0%at 2023-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio93.7%at 2022-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio92.9%at 2021-03-31dStandaloneEquity to asset ratio (5-year summary)
ROE2.0%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE15.4%2023-04-01 → 2024-03-31StandaloneRate of return on equity (5-year summary)
ROE3.2%2022-04-01 → 2023-03-31dStandaloneRate of return on equity (5-year summary)
ROE2.9%2021-04-01 → 2022-03-31dStandaloneRate of return on equity (5-year summary)
ROE4.1%2020-04-01 → 2021-03-31dStandaloneRate of return on equity (5-year summary)
Shares issued44,051,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued44,051,000at 2024-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued44,051,000at 2023-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued37,913,000at 2022-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued37,913,000at 2021-03-31dStandaloneTotal number of issued shares (5-year summary)
Employees3at 2025-03-31StandaloneNumber of employees
Employees3at 2024-03-31StandaloneNumber of employees
Employees3at 2023-03-31dStandaloneNumber of employees
Employees2at 2022-03-31dStandaloneNumber of employees
Employees2at 2021-03-31dStandaloneNumber 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 · 46
SegmentItemPeriodValue
Otherother segmentsrevenue2024-04-01 → 2025-03-31¥282m
Otherother segmentsrevenue intersegment2024-04-01 → 2025-03-31¥282m
Otherother segmentssegment profit2024-04-01 → 2025-03-31¥263m
Reconciling Itemsreconcilingcapex2024-04-01 → 2025-03-31¥2m
Reconciling Itemsreconcilingdepreciation2024-04-01 → 2025-03-31¥15m
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥282m
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥282m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥4.1bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥126m
Industrial Furnace And Combustion Equipmentreportable segmentcapex2024-04-01 → 2025-03-31¥9m
Industrial Furnace And Combustion Equipmentreportable segmentdepreciation2024-04-01 → 2025-03-31¥10m
Industrial Furnace And Combustion Equipmentreportable segmentemployeesat 2025-03-3181 pure
Industrial Furnace And Combustion Equipmentreportable segmentrevenue2024-04-01 → 2025-03-31¥2.1bn
Industrial Furnace And Combustion Equipmentreportable segmentrevenue external2024-04-01 → 2025-03-31¥2.1bn
Industrial Furnace And Combustion Equipmentreportable segmentsegment assetsat 2025-03-31¥1.6bn
Industrial Furnace And Combustion Equipmentreportable segmentsegment profit2024-04-01 → 2025-03-31¥803,000
—segment totalcapex2024-04-01 → 2025-03-31¥9m
—segment totaldepreciation2024-04-01 → 2025-03-31¥10m
—segment totalrevenue2024-04-01 → 2025-03-31¥2.4bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥2.1bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥282m
—segment totalsegment assetsat 2025-03-31¥1.6bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥264m
Otherother segmentsrevenue2023-04-01 → 2024-03-31¥282m
Otherother segmentsrevenue intersegment2023-04-01 → 2024-03-31¥282m
Otherother segmentssegment profit2023-04-01 → 2024-03-31¥262m
Reconciling Itemsreconcilingcapex2023-04-01 → 2024-03-31¥183m
Reconciling Itemsreconcilingdepreciation2023-04-01 → 2024-03-31¥18m
Reconciling Itemsreconcilingrevenue2023-04-01 → 2024-03-31−¥282m
Reconciling Itemsreconcilingrevenue intersegment2023-04-01 → 2024-03-31−¥282m
Reconciling Itemsreconcilingsegment assetsat 2024-03-31¥4.1bn
Reconciling Itemsreconcilingsegment profit2023-04-01 → 2024-03-31−¥136m
Industrial Furnace And Combustion Equipmentreportable segmentcapex2023-04-01 → 2024-03-31¥12m
Industrial Furnace And Combustion Equipmentreportable segmentdepreciation2023-04-01 → 2024-03-31¥11m
Industrial Furnace And Combustion Equipmentreportable segmentrevenue2023-04-01 → 2024-03-31¥2.1bn
Industrial Furnace And Combustion Equipmentreportable segmentrevenue external2023-04-01 → 2024-03-31¥2.1bn
Industrial Furnace And Combustion Equipmentreportable segmentsegment assetsat 2024-03-31¥1.6bn
Industrial Furnace And Combustion Equipmentreportable segmentsegment profit2023-04-01 → 2024-03-31¥1m
—segment totalcapex2023-04-01 → 2024-03-31¥12m
—segment totaldepreciation2023-04-01 → 2024-03-31¥11m
—segment totalrevenue2023-04-01 → 2024-03-31¥2.4bn
—segment totalrevenue external2023-04-01 → 2024-03-31¥2.1bn
—segment totalrevenue intersegment2023-04-01 → 2024-03-31¥282m
—segment totalsegment assetsat 2024-03-31¥1.6bn
—segment totalsegment profit2023-04-01 → 2024-03-31¥263m
Industrial Furnace And Combustion Equipmentreportable segmentemployeesat 2025-03-311 pure

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

All source rows · 1,331
ItemContextValueUnit
Independent auditors report consolidated (text)FilingDateInstantText · Plus
Audit firm1 consolidatedFilingDateInstant
Original text (Japanese)アルファ監査法人
Cpa1 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)奥津 泰彦
Cpa2 audit firm1 consolidatedFilingDateInstant
Original text (Japanese)磯  巧
Key audit matters consolidated (text)FilingDateInstantText · Plus
Overview kam consolidated (text)FilingDateInstantText · Plus
Short description kam consolidatedFilingDateInstant_Row1Member
Original text (Japanese)進捗度に基づき収益を一定の期間にわたり認識する工事収益
Description including reason kam consolidated (text)FilingDateInstant_Row1MemberText · Plus
Reference kam consolidatedFilingDateInstant_Row1MemberText · Plus
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)アルファ監査法人
Cpa1 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)奥津 泰彦
Cpa2 audit firm1 non consolidatedFilingDateInstant
Original text (Japanese)磯  巧
Key audit matters non consolidated (text)FilingDateInstantText · Plus
Overview kam non consolidated (text)FilingDateInstantText · Plus
Other information non consolidated (text)FilingDateInstantText · Plus
Fee related information non consolidated (text)FilingDateInstantText · Plus
Number of submissionFilingDateInstant1
Net sales (5-year summary)Prior4YearDuration2309458000JPY
Net sales (5-year summary)Prior3YearDuration1945994000JPY
Net sales (5-year summary)Prior2YearDuration2157306000JPY
Net sales (5-year summary)Prior1YearDuration2127566000JPY
Net sales (5-year summary)CurrentYearDuration2082243000JPY
Ordinary income loss (5-year summary)Prior4YearDuration221932000JPY
Ordinary income loss (5-year summary)Prior3YearDuration149932000JPY
Ordinary income loss (5-year summary)Prior2YearDuration138123000JPY
Ordinary income loss (5-year summary)Prior1YearDuration135610000JPY
Ordinary income loss (5-year summary)CurrentYearDuration153956000JPY
Profit loss attributable to owners of parent (5-year summary)Prior4YearDuration201745000JPY
Profit loss attributable to owners of parent (5-year summary)Prior3YearDuration127866000JPY
Profit loss attributable to owners of parent (5-year summary)Prior2YearDuration122658000JPY
Profit loss attributable to owners of parent (5-year summary)Prior1YearDuration790903000JPY
Profit loss attributable to owners of parent (5-year summary)CurrentYearDuration105630000JPY
Comprehensive income (5-year summary)Prior4YearDuration211936000JPY
Comprehensive income (5-year summary)Prior3YearDuration148788000JPY
Comprehensive income (5-year summary)Prior2YearDuration134270000JPY
Comprehensive income (5-year summary)Prior1YearDuration695264000JPY
Comprehensive income (5-year summary)CurrentYearDuration112035000JPY
Net assets (5-year summary)Prior4YearInstant3555689000JPY
Net assets (5-year summary)Prior3YearInstant3704477000JPY
Net assets (5-year summary)Prior2YearInstant4346894000JPY
Net assets (5-year summary)Prior1YearInstant5042159000JPY
Net assets (5-year summary)CurrentYearInstant5157008000JPY
Total assets (5-year summary)Prior4YearInstant4707864000JPY
Total assets (5-year summary)Prior3YearInstant4584124000JPY
Total assets (5-year summary)Prior2YearInstant5399701000JPY
Total assets (5-year summary)Prior1YearInstant5643275000JPY

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 identityconsolidated 2024-03-31pass
balance sheet identityconsolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2024-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-03-31pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2023-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2023-04-01/2024-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2023-04-01/2024-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2023-04-01/2024-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2023-04-01/2024-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · total assetsconsolidated 2024-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2024-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass