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
Cash and cash equivalents (5-year summary)CurrentYearInstant2583740000JPY
Number of employeesPrior4YearInstant82
Number of employeesPrior3YearInstant81
Number of employeesPrior2YearInstant83
Number of employeesPrior1YearInstant85
Number of employeesCurrentYearInstant83
Average number of temporary workersPrior4YearInstant18
Average number of temporary workersPrior3YearInstant1
Average number of temporary workersPrior2YearInstant1
Average number of temporary workersPrior1YearInstant1
Average number of temporary workersCurrentYearInstant1
Operating revenue1 (5-year summary)Prior4YearDuration_NonConsolidatedMember271800000JPY
Operating revenue1 (5-year summary)Prior3YearDuration_NonConsolidatedMember270900000JPY
Operating revenue1 (5-year summary)Prior2YearDuration_NonConsolidatedMember279000000JPY
Operating revenue1 (5-year summary)Prior1YearDuration_NonConsolidatedMember282000000JPY
Operating revenue1 (5-year summary)CurrentYearDuration_NonConsolidatedMember282000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember122556000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember114636000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember119110000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember132249000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember155042000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember131522000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember101140000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember122966000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember697078000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember97229000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember2499380000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember100000000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember100000000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember100000000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember100000000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember37913000
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember37913000
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember44051000
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember44051000
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember44051000
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember3464168000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember3580914000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember4221697000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember4847508000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember4948813000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember3728723000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember3820459000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember4490839000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember5072323000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember5162099000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember91.37
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember94.45
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember95.84
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember110.04

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