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
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember66882
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember6688200
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember6740
Number of shares issued shares voting rightsCurrentYearInstant7424140
Number of voting rights issued shares voting rightsCurrentYearInstant66882
Number of shares held in own name treasury shares etcCurrentYearInstant_Row1Member722200
Number of shares held in others names treasury shares etcCurrentYearInstant_Row1Member-
Total number of shares held treasury shares etcCurrentYearInstant_Row1Member722200
Shareholding ratio treasury shares etcCurrentYearInstant_Row1Member0.0973
Number of shares held in own name treasury shares etcCurrentYearInstant_Row2Member7000
Number of shares held in others names treasury shares etcCurrentYearInstant_Row2Member-
Total number of shares held treasury shares etcCurrentYearInstant_Row2Member7000
Shareholding ratio treasury shares etcCurrentYearInstant_Row2Member0.0009
Number of shares held in own name treasury shares etcCurrentYearInstant729200
Number of shares held in others names treasury shares etcCurrentYearInstant-
Total number of shares held treasury shares etcCurrentYearInstant729200
Shareholding ratio treasury shares etcCurrentYearInstant0.0982
Total amount of dividends dividends of surplusFilingDateInstant_Row1Member100528000JPY
Dividend per share dividends of surplusFilingDateInstant_Row1Member15.00
Total amount of dividends dividends of surplusFilingDateInstant_Row2Member167547000JPY
Dividend per share dividends of surplusFilingDateInstant_Row2Member25.00
Number of male directors and other officersFilingDateInstant9
Number of female directors and other officersFilingDateInstant0
Ratio of female directors and other officersFilingDateInstant0.00
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000KawauchiShigeruMember2000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000YoshimuraShinsukeMember6000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000MaruokaNobuyukiMember2000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000KawamuraNobuyukiMember2000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000YokozawaNaotoMember3000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000KawanishiHirofumiMember3000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000OkadaShinjiroMember0
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000TezukaKouitiMember-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E01652-000YoshibaShinichiroMember-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant23000
Audit fees reporting companyPrior1YearDuration21000000JPY
Non audit fees reporting companyPrior1YearDuration-JPY
Audit fees reporting companyCurrentYearDuration21000000JPY
Non audit fees reporting companyCurrentYearDuration-JPY
Audit fees consolidated subsidiariesPrior1YearDuration-JPY
Non audit fees consolidated subsidiariesPrior1YearDuration-JPY
Audit fees consolidated subsidiariesCurrentYearDuration-JPY
Non audit fees consolidated subsidiariesCurrentYearDuration-JPY
Audit fees totalPrior1YearDuration21000000JPY
Non audit fees totalPrior1YearDuration-JPY
Audit fees totalCurrentYearDuration21000000JPY
Non audit fees totalCurrentYearDuration-JPY
Total amount of remuneration etc remuneration etc by category of directors and other officersCurrentYearDuration_jpcrp030000-asr_E01652-000DirectorsExcludingAuditAndSupervisoryCommitteeMembersMember147975000JPY
Fixed remuneration remuneration by category of directors and other officersCurrentYearDuration_jpcrp030000-asr_E01652-000DirectorsExcludingAuditAndSupervisoryCommitteeMembersMember85645000JPY
Performance based remuneration remuneration by category of directors and other officersCurrentYearDuration_jpcrp030000-asr_E01652-000DirectorsExcludingAuditAndSupervisoryCommitteeMembersMember50524000JPY
Non monetary remuneration remuneration by category of directors and other officersCurrentYearDuration_jpcrp030000-asr_E01652-000DirectorsExcludingAuditAndSupervisoryCommitteeMembersMember11806000JPY

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