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
Lease obligations nclPrior1YearInstant117361000JPY
Lease obligations nclCurrentYearInstant121553000JPY
Deferred tax liabilitiesPrior1YearInstant453931000JPY
Deferred tax liabilitiesCurrentYearInstant644120000JPY
Noncurrent liabilitiesPrior1YearInstant2101177000JPY
Noncurrent liabilitiesCurrentYearInstant2210934000JPY
LiabilitiesPrior1YearInstant5589058000JPY
LiabilitiesCurrentYearInstant5204982000JPY
Capital stockPrior1YearInstant395307000JPY
Capital stockCurrentYearInstant395307000JPY
Capital surplusPrior1YearInstant652394000JPY
Capital surplusCurrentYearInstant651934000JPY
Retained earningsPrior1YearInstant13938002000JPY
Retained earningsCurrentYearInstant14672852000JPY
Treasury stockPrior1YearInstant-692284000JPY
Treasury stockCurrentYearInstant-694379000JPY
Shareholders equityPrior1YearInstant14293419000JPY
Shareholders equityCurrentYearInstant15025714000JPY
Valuation difference on available for sale securitiesPrior1YearInstant1739062000JPY
Valuation difference on available for sale securitiesCurrentYearInstant2035181000JPY
Foreign currency translation adjustmentPrior1YearInstant24840000JPY
Foreign currency translation adjustmentCurrentYearInstant36080000JPY
Valuation and translation adjustmentsPrior1YearInstant1763903000JPY
Valuation and translation adjustmentsCurrentYearInstant2071262000JPY
Net assetsPrior1YearInstant16057323000JPY
Net assetsCurrentYearInstant17096976000JPY
Liabilities and net assetsPrior1YearInstant21646381000JPY
Liabilities and net assetsCurrentYearInstant22301958000JPY
Net sales of finished goods rev oaPrior1YearDuration9849173000JPY
Net sales of finished goods rev oaCurrentYearDuration10330013000JPY
Net sales of goods rev oaPrior1YearDuration34247000JPY
Net sales of goods rev oaCurrentYearDuration26650000JPY
Sales of processing scraps rev oaPrior1YearDuration1631845000JPY
Sales of processing scraps rev oaCurrentYearDuration1781202000JPY
Net sales of merchandise and finished goodsPrior1YearDuration11515266000JPY
Net sales of merchandise and finished goodsCurrentYearDuration12137866000JPY
Rent income of real estate rev oaPrior1YearDuration577635000JPY
Rent income of real estate rev oaCurrentYearDuration577137000JPY
Net salesPrior1YearDuration12092902000JPY
Net salesCurrentYearDuration12715003000JPY
Cost of salesPrior1YearDuration9761984000JPY
Cost of salesCurrentYearDuration10221321000JPY
Gross profitPrior1YearDuration2330917000JPY
Gross profitCurrentYearDuration2493682000JPY
Freightage expenses sgaPrior1YearDuration100858000JPY
Freightage expenses sgaCurrentYearDuration106181000JPY
Directors compensations sgaPrior1YearDuration210884000JPY
Directors compensations sgaCurrentYearDuration160365000JPY
Share based compensation expenses sgaPrior1YearDuration17273000JPY
Share based compensation expenses sgaCurrentYearDuration-744000JPY

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