Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-27
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amended by S100Z20X (2026-09-14).

Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥12.7bn2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥12.1bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥11.1bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥11.2bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥9.5bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Operating income¥1.2bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income¥1.1bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income¥1.4bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income¥1.2bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.2bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥583m2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.4bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax¥750m2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)¥969m2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥397m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥909m2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥949m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥433m2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥969m2025-01-01 → 2025-12-31Cons.Profit loss
Net income¥397m2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥22.3bnat 2025-12-31Cons.Assets
Total assets¥21.6bnat 2024-12-31Cons.Assets
Total assets¥21.1bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥19.8bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥18.3bnat 2021-12-31vCons.Total assets (5-year summary)
Total liabilities¥5.2bnat 2025-12-31Cons.Liabilities
Total liabilities¥5.6bnat 2024-12-31Cons.Liabilities
Net assets / equity¥17.1bnat 2025-12-31Cons.Net assets
Net assets / equity¥16.1bnat 2024-12-31Cons.Net assets
Net assets / equity¥15.6bnat 2023-12-31vCons.Net assets
Net assets / equity¥14.3bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥13.7bnat 2021-12-31vCons.Net assets (5-year summary)
Cash and deposits¥4.2bnat 2025-12-31Cons.Cash and deposits
Cash and deposits¥4.3bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥4.3bnat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.4bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.6bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥4.5bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.9bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥652m2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥536m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥324m2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.1bn2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥412m2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥438m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥443m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥10m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥322m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥193m2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥286m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥310m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥238m2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥207m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥208m2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥144.642025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥59.232024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥136.042023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥142.262022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥64.962021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥2,551.06at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,395.16at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,337.24at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,141.54at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,050.23at 2021-12-31vCons.Net assets per share (5-year summary)
Equity ratio76.7%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio74.2%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio74.1%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio72.2%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio74.7%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
ROE5.8%2025-01-01 → 2025-12-31Cons.Rate of return on equity (5-year summary)
ROE2.5%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE6.1%2023-01-01 → 2023-12-31vCons.Rate of return on equity (5-year summary)
ROE6.8%2022-01-01 → 2022-12-31vCons.Rate of return on equity (5-year summary)
ROE3.2%2021-01-01 → 2021-12-31vCons.Rate of return on equity (5-year summary)
Employees297at 2025-12-31Cons.Number of employees
Employees288at 2024-12-31Cons.Number of employees
Employees276at 2023-12-31vCons.Number of employees
Employees263at 2022-12-31vCons.Number of employees
Employees250at 2021-12-31vCons.Number of employees
Revenue¥12.3bn2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥11.7bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥11.0bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥10.5bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥9.1bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Operating income¥1.2bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income¥1.0bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income¥1.3bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥956m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥467m2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥686m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income¥920m2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥330m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥854m2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income¥662m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income¥317m2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Total assets¥21.6bnat 2025-12-31StandaloneAssets
Total assets¥21.0bnat 2024-12-31StandaloneAssets
Total assets¥20.5bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥19.2bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥18.1bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total liabilities¥5.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥5.5bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥16.5bnat 2025-12-31StandaloneNet assets
Net assets / equity¥15.5bnat 2024-12-31StandaloneNet assets
Net assets / equity¥15.1bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥13.9bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥13.6bnat 2021-12-31vStandaloneNet assets (5-year summary)
Cash and deposits¥4.1bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥4.2bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥137.222025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥49.242024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥127.732023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥99.172022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥47.582021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥402025-01-01 → 2025-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥352024-01-01 → 2024-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥352023-01-01 → 2023-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥302022-01-01 → 2022-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥252021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,460.19at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,313.4at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,262.96at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,079.34at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,034.32at 2021-12-31vStandaloneNet assets per share (5-year summary)
Equity ratio76.3%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio73.7%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio73.8%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio72.1%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio75.0%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
ROE5.7%2025-01-01 → 2025-12-31StandaloneRate of return on equity (5-year summary)
ROE2.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE5.9%2023-01-01 → 2023-12-31vStandaloneRate of return on equity (5-year summary)
ROE4.8%2022-01-01 → 2022-12-31vStandaloneRate of return on equity (5-year summary)
ROE2.4%2021-01-01 → 2021-12-31vStandaloneRate of return on equity (5-year summary)
Shares issued7,424,140at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Employees271at 2025-12-31StandaloneNumber of employees
Employees262at 2024-12-31StandaloneNumber of employees
Employees249at 2023-12-31vStandaloneNumber of employees
Employees237at 2022-12-31vStandaloneNumber of employees
Employees228at 2021-12-31vStandaloneNumber 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 · 38
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2025-12-31¥513m
Real Estate Rent Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥111m
Real Estate Rent Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥577m
Real Estate Rent Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥577m
Real Estate Rent Businessreportable segmentsegment assetsat 2025-12-31¥1.6bn
Real Estate Rent Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥384m
Valve Businessreportable segmentcapex2025-01-01 → 2025-12-31¥661m
Valve Businessreportable segmentdepreciation2025-01-01 → 2025-12-31¥484m
Valve Businessreportable segmentemployeesat 2025-12-31287 pure
Valve Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥12.1bn
Valve Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥12.1bn
Valve Businessreportable segmentsegment assetsat 2025-12-31¥20.1bn
Valve Businessreportable segmentsegment profit2025-01-01 → 2025-12-31¥839m
—segment totalcapex2025-01-01 → 2025-12-31¥661m
—segment totaldepreciation2025-01-01 → 2025-12-31¥595m
—segment totalrevenue2025-01-01 → 2025-12-31¥12.7bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥12.7bn
—segment totalsegment assetsat 2025-12-31¥21.8bn
—segment totalsegment profit2025-01-01 → 2025-12-31¥1.2bn
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥506m
Real Estate Rent Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥119m
Real Estate Rent Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥578m
Real Estate Rent Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥578m
Real Estate Rent Businessreportable segmentsegment assetsat 2024-12-31¥1.8bn
Real Estate Rent Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥384m
Valve Businessreportable segmentcapex2024-01-01 → 2024-12-31¥474m
Valve Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥446m
Valve Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥11.5bn
Valve Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥11.5bn
Valve Businessreportable segmentsegment assetsat 2024-12-31¥19.4bn
Valve Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥734m
—segment totalcapex2024-01-01 → 2024-12-31¥474m
—segment totaldepreciation2024-01-01 → 2024-12-31¥565m
—segment totalrevenue2024-01-01 → 2024-12-31¥12.1bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥12.1bn
—segment totalsegment assetsat 2024-12-31¥21.1bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥1.1bn
Valve Businessreportable segmentemployeesat 2025-12-31261 pure

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

All source rows · 1,613
ItemContextValueUnit
Raw materialsPrior1YearInstant873782000JPY
Raw materialsCurrentYearInstant920215000JPY
Work in processPrior1YearInstant1716096000JPY
Work in processCurrentYearInstant1638217000JPY
SuppliesPrior1YearInstant67983000JPY
SuppliesCurrentYearInstant71739000JPY
Advance payments tradePrior1YearInstant49315000JPY
Advance payments tradeCurrentYearInstant924000JPY
Other caPrior1YearInstant46926000JPY
Other caCurrentYearInstant68824000JPY
Allowance for doubtful accounts caPrior1YearInstant-JPY
Allowance for doubtful accounts caCurrentYearInstant-671000JPY
Current assetsPrior1YearInstant12410805000JPY
Current assetsCurrentYearInstant12514166000JPY
Buildings netPrior1YearInstant2958592000JPY
Buildings netCurrentYearInstant2800703000JPY
Structures netPrior1YearInstant94875000JPY
Structures netCurrentYearInstant85988000JPY
Machinery and equipment netPrior1YearInstant1293035000JPY
Machinery and equipment netCurrentYearInstant1320863000JPY
Vehicles netPrior1YearInstant10979000JPY
Vehicles netCurrentYearInstant13868000JPY
Tools furniture and fixtures netPrior1YearInstant46519000JPY
Tools furniture and fixtures netCurrentYearInstant56221000JPY
LandPrior1YearInstant319163000JPY
LandCurrentYearInstant319163000JPY
Lease assets net ppePrior1YearInstant138091000JPY
Lease assets net ppeCurrentYearInstant168268000JPY
Construction in progressPrior1YearInstant107382000JPY
Construction in progressCurrentYearInstant302834000JPY
Property plant and equipmentPrior1YearInstant4968640000JPY
Property plant and equipmentCurrentYearInstant5067912000JPY
SoftwarePrior1YearInstant21889000JPY
SoftwareCurrentYearInstant18179000JPY
Telephone subscription rightPrior1YearInstant2412000JPY
Telephone subscription rightCurrentYearInstant2412000JPY
Lease assets iaPrior1YearInstant4950000JPY
Lease assets iaCurrentYearInstant3300000JPY
Leasehold rightPrior1YearInstant360000JPY
Leasehold rightCurrentYearInstant-JPY
Other iaPrior1YearInstant197000JPY
Other iaCurrentYearInstant218000JPY
Intangible assetsPrior1YearInstant29809000JPY
Intangible assetsCurrentYearInstant24109000JPY
Investment securitiesPrior1YearInstant3639251000JPY
Investment securitiesCurrentYearInstant4108218000JPY
Stocks of subsidiaries and affiliatesPrior1YearInstant7050000JPY
Stocks of subsidiaries and affiliatesCurrentYearInstant7050000JPY
Investments in capitalPrior1YearInstant310000JPY
Investments in capitalCurrentYearInstant310000JPY

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 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass
balance sheet identitynon_consolidated 2024-12-31pass
balance sheet identitynon_consolidated 2025-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
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 · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 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