Annual report

Period2023-01-01 → 2023-12-31
Filed2026-09-14
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100T1ZF. Amended by S100Z25C (2026-09-14).

Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥11.1bn2023-01-01 → 2023-12-31Cons.Net sales
Revenue¥11.2bn2022-01-01 → 2022-12-31Cons.Net sales
Revenue¥9.5bn2021-01-01 → 2021-12-31vCons.Net sales (5-year summary)
Revenue¥8.3bn2020-01-01 → 2020-12-31dCons.Net sales (5-year summary)
Revenue¥8.1bn2019-01-01 → 2019-12-31dCons.Net sales (5-year summary)
Operating income¥1.0bn2023-01-01 → 2023-12-31Cons.Operating income
Operating income¥1.0bn2022-01-01 → 2022-12-31Cons.Operating income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31Cons.Ordinary income
Ordinary income¥1.2bn2022-01-01 → 2022-12-31Cons.Ordinary income
Ordinary income¥497m2021-01-01 → 2021-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥590m2020-01-01 → 2020-12-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥358m2019-01-01 → 2019-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥1.2bn2023-01-01 → 2023-12-31Cons.Income before income taxes
Profit before tax¥1.2bn2022-01-01 → 2022-12-31Cons.Income before income taxes
Net income (owners)¥837m2023-01-01 → 2023-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥886m2022-01-01 → 2022-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥353m2021-01-01 → 2021-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥397m2020-01-01 → 2020-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥225m2019-01-01 → 2019-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥837m2023-01-01 → 2023-12-31Cons.Profit loss
Net income¥886m2022-01-01 → 2022-12-31Cons.Profit loss
Total assets¥20.5bnat 2023-12-31Cons.Assets
Total assets¥19.2bnat 2022-12-31Cons.Assets
Total assets¥17.8bnat 2021-12-31vCons.Total assets (5-year summary)
Total assets¥17.0bnat 2020-12-31dCons.Total assets (5-year summary)
Total assets¥17.2bnat 2019-12-31dCons.Total assets (5-year summary)
Total liabilities¥5.4bnat 2023-12-31Cons.Liabilities
Total liabilities¥5.5bnat 2022-12-31Cons.Liabilities
Net assets / equity¥15.0bnat 2023-12-31Cons.Net assets
Net assets / equity¥13.8bnat 2022-12-31Cons.Net assets
Net assets / equity¥13.2bnat 2021-12-31vCons.Net assets
Net assets / equity¥12.8bnat 2020-12-31dCons.Net assets (5-year summary)
Net assets / equity¥13.1bnat 2019-12-31dCons.Net assets (5-year summary)
Cash and deposits¥4.6bnat 2023-12-31Cons.Cash and deposits
Cash and deposits¥4.5bnat 2022-12-31Cons.Cash and deposits
Cash & equivalents¥4.6bnat 2023-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.5bnat 2022-12-31Cons.Cash and cash equivalents
Cash & equivalents¥3.9bnat 2021-12-31vCons.Cash and cash equivalents
Cash & equivalents¥3.9bnat 2020-12-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.5bnat 2019-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥324m2023-01-01 → 2023-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.1bn2022-01-01 → 2022-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥412m2021-01-01 → 2021-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.1bn2020-01-01 → 2020-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥279m2019-01-01 → 2019-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥10m2023-01-01 → 2023-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥322m2022-01-01 → 2022-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥193m2021-01-01 → 2021-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥525m2020-01-01 → 2020-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥191m2019-01-01 → 2019-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥238m2023-01-01 → 2023-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥207m2022-01-01 → 2022-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥208m2021-01-01 → 2021-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥212m2020-01-01 → 2020-12-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥210m2019-01-01 → 2019-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥125.22023-01-01 → 2023-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥132.772022-01-01 → 2022-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥52.922021-01-01 → 2021-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥59.522020-01-01 → 2020-12-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥33.672019-01-01 → 2019-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥2,247.11at 2023-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,061.76at 2022-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,979.11at 2021-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,919.97at 2020-12-31dCons.Net assets per share (5-year summary)
Net assets per share¥1,963.23at 2019-12-31dCons.Net assets per share (5-year summary)
Equity ratio73.5%at 2023-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio71.5%at 2022-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio74.1%at 2021-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio75.3%at 2020-12-31dCons.Equity to asset ratio (5-year summary)
Equity ratio76.3%at 2019-12-31dCons.Equity to asset ratio (5-year summary)
ROE5.8%2023-01-01 → 2023-12-31Cons.Rate of return on equity (5-year summary)
ROE6.6%2022-01-01 → 2022-12-31Cons.Rate of return on equity (5-year summary)
ROE2.7%2021-01-01 → 2021-12-31vCons.Rate of return on equity (5-year summary)
ROE3.1%2020-01-01 → 2020-12-31dCons.Rate of return on equity (5-year summary)
ROE1.7%2019-01-01 → 2019-12-31dCons.Rate of return on equity (5-year summary)
Employees276at 2023-12-31Cons.Number of employees
Employees263at 2022-12-31Cons.Number of employees
Employees250at 2021-12-31vCons.Number of employees
Employees248at 2020-12-31dCons.Number of employees
Employees252at 2019-12-31dCons.Number of employees
Revenue¥11.0bn2023-01-01 → 2023-12-31StandaloneNet sales
Revenue¥10.5bn2022-01-01 → 2022-12-31StandaloneNet sales
Revenue¥9.1bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Revenue¥8.0bn2020-01-01 → 2020-12-31dStandaloneNet sales (5-year summary)
Revenue¥8.1bn2019-01-01 → 2019-12-31dStandaloneNet sales (5-year summary)
Operating income¥1.0bn2023-01-01 → 2023-12-31StandaloneOperating income
Operating income¥789m2022-01-01 → 2022-12-31StandaloneOperating income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31StandaloneOrdinary income
Ordinary income¥894m2022-01-01 → 2022-12-31StandaloneOrdinary income
Ordinary income¥382m2021-01-01 → 2021-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥631m2020-01-01 → 2020-12-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥475m2019-01-01 → 2019-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.1bn2023-01-01 → 2023-12-31StandaloneIncome before income taxes
Profit before tax¥893m2022-01-01 → 2022-12-31StandaloneIncome before income taxes
Net income¥781m2023-01-01 → 2023-12-31StandaloneProfit loss
Net income¥598m2022-01-01 → 2022-12-31StandaloneProfit loss
Net income¥237m2021-01-01 → 2021-12-31vStandaloneNet income loss (5-year summary)
Net income¥276m2020-01-01 → 2020-12-31dStandaloneNet income loss (5-year summary)
Net income¥340m2019-01-01 → 2019-12-31dStandaloneNet income loss (5-year summary)
Total assets¥19.9bnat 2023-12-31StandaloneAssets
Total assets¥18.7bnat 2022-12-31StandaloneAssets
Total assets¥17.6bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total assets¥17.0bnat 2020-12-31dStandaloneTotal assets (5-year summary)
Total assets¥17.3bnat 2019-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥5.3bnat 2023-12-31StandaloneLiabilities
Total liabilities¥5.3bnat 2022-12-31StandaloneLiabilities
Net assets / equity¥14.5bnat 2023-12-31StandaloneNet assets
Net assets / equity¥13.3bnat 2022-12-31StandaloneNet assets
Net assets / equity¥13.1bnat 2021-12-31vStandaloneNet assets
Net assets / equity¥12.8bnat 2020-12-31dStandaloneNet assets (5-year summary)
Net assets / equity¥13.2bnat 2019-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥4.4bnat 2023-12-31StandaloneCash and deposits
Cash and deposits¥4.3bnat 2022-12-31StandaloneCash and deposits
EPS (basic)¥116.892023-01-01 → 2023-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥89.682022-01-01 → 2022-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥35.532021-01-01 → 2021-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥41.32020-01-01 → 2020-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥50.992019-01-01 → 2019-12-31dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥352023-01-01 → 2023-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302022-01-01 → 2022-12-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥252021-01-01 → 2021-12-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥252020-01-01 → 2020-12-31dStandaloneDividend paid per share (5-year summary)
Dividend per share¥252019-01-01 → 2019-12-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥2,172.82at 2023-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,999.55at 2022-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,963.2at 2021-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,921.92at 2020-12-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥1,983.26at 2019-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio73.1%at 2023-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio71.4%at 2022-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio74.4%at 2021-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio75.6%at 2020-12-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio76.6%at 2019-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE5.6%2023-01-01 → 2023-12-31StandaloneRate of return on equity (5-year summary)
ROE4.5%2022-01-01 → 2022-12-31StandaloneRate of return on equity (5-year summary)
ROE1.8%2021-01-01 → 2021-12-31vStandaloneRate of return on equity (5-year summary)
ROE2.1%2020-01-01 → 2020-12-31dStandaloneRate of return on equity (5-year summary)
ROE2.6%2019-01-01 → 2019-12-31dStandaloneRate of return on equity (5-year summary)
Shares issued7,424,140at 2023-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2022-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2021-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2020-12-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2019-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees249at 2023-12-31StandaloneNumber of employees
Employees237at 2022-12-31StandaloneNumber of employees
Employees228at 2021-12-31vStandaloneNumber of employees
Employees229at 2020-12-31dStandaloneNumber of employees
Employees234at 2019-12-31dStandaloneNumber 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 · 39
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2023-12-31¥451m
Real Estate Rent Businessreportable segmentdepreciation2023-01-01 → 2023-12-31¥120m
Real Estate Rent Businessreportable segmentrevenue2023-01-01 → 2023-12-31¥578m
Real Estate Rent Businessreportable segmentrevenue external2023-01-01 → 2023-12-31¥578m
Real Estate Rent Businessreportable segmentsegment assetsat 2023-12-31¥1.9bn
Real Estate Rent Businessreportable segmentsegment profit2023-01-01 → 2023-12-31¥385m
Valve Businessreportable segmentcapex2023-01-01 → 2023-12-31¥477m
Valve Businessreportable segmentdepreciation2023-01-01 → 2023-12-31¥452m
Valve Businessreportable segmentemployeesat 2023-12-31267 pure
Valve Businessreportable segmentrevenue2023-01-01 → 2023-12-31¥10.6bn
Valve Businessreportable segmentrevenue external2023-01-01 → 2023-12-31¥10.6bn
Valve Businessreportable segmentsegment assetsat 2023-12-31¥18.1bn
Valve Businessreportable segmentsegment profit2023-01-01 → 2023-12-31¥620m
—segment totalcapex2023-01-01 → 2023-12-31¥477m
—segment totaldepreciation2023-01-01 → 2023-12-31¥572m
—segment totalrevenue2023-01-01 → 2023-12-31¥11.1bn
—segment totalrevenue external2023-01-01 → 2023-12-31¥11.1bn
—segment totalsegment assetsat 2023-12-31¥20.0bn
—segment totalsegment profit2023-01-01 → 2023-12-31¥1.0bn
Reconciling Itemsreconcilingsegment assetsat 2022-12-31¥454m
Real Estate Rent Businessreportable segmentcapex2022-01-01 → 2022-12-31¥33m
Real Estate Rent Businessreportable segmentdepreciation2022-01-01 → 2022-12-31¥120m
Real Estate Rent Businessreportable segmentrevenue2022-01-01 → 2022-12-31¥577m
Real Estate Rent Businessreportable segmentrevenue external2022-01-01 → 2022-12-31¥577m
Real Estate Rent Businessreportable segmentsegment assetsat 2022-12-31¥2.0bn
Real Estate Rent Businessreportable segmentsegment profit2022-01-01 → 2022-12-31¥383m
Valve Businessreportable segmentcapex2022-01-01 → 2022-12-31¥481m
Valve Businessreportable segmentdepreciation2022-01-01 → 2022-12-31¥348m
Valve Businessreportable segmentrevenue2022-01-01 → 2022-12-31¥10.6bn
Valve Businessreportable segmentrevenue external2022-01-01 → 2022-12-31¥10.6bn
Valve Businessreportable segmentsegment assetsat 2022-12-31¥16.8bn
Valve Businessreportable segmentsegment profit2022-01-01 → 2022-12-31¥654m
—segment totalcapex2022-01-01 → 2022-12-31¥514m
—segment totaldepreciation2022-01-01 → 2022-12-31¥468m
—segment totalrevenue2022-01-01 → 2022-12-31¥11.2bn
—segment totalrevenue external2022-01-01 → 2022-12-31¥11.2bn
—segment totalsegment assetsat 2022-12-31¥18.8bn
—segment totalsegment profit2022-01-01 → 2022-12-31¥1.0bn
Valve Businessreportable segmentemployeesat 2023-12-31240 pure

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

All source rows · 1,617
ItemContextValueUnit
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember2172.82
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember25.00
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember25.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember25.00
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember35.00
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember10.00
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember10.00
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember10.00
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember10.00
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember10.00
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember50.99
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember41.30
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember35.53
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember89.68
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember116.89
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.766
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.756
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.744
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.714
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.731
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.026
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.021
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.018
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.045
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.056
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember18.3
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember31.3
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember25.1
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember11.1
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember8.3
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember0.490
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.605
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.704
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember0.335
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember0.299
Number of employeesPrior4YearInstant_NonConsolidatedMember234
Number of employeesPrior3YearInstant_NonConsolidatedMember229
Number of employeesPrior2YearInstant_NonConsolidatedMember228
Number of employeesPrior1YearInstant_NonConsolidatedMember237
Number of employeesCurrentYearInstant_NonConsolidatedMember249
Average number of temporary workersPrior4YearInstant_NonConsolidatedMember79
Average number of temporary workersPrior3YearInstant_NonConsolidatedMember78
Average number of temporary workersPrior2YearInstant_NonConsolidatedMember84
Average number of temporary workersPrior1YearInstant_NonConsolidatedMember84

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 2022-12-31pass
balance sheet identityconsolidated 2023-12-31pass
balance sheet identitynon_consolidated 2022-12-31pass
balance sheet identitynon_consolidated 2023-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2021-12-31pass
statement vs summary · net assetsconsolidated 2022-12-31pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2021-12-31pass
statement vs summary · net assetsnon_consolidated 2022-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net income attributable to parentconsolidated 2022-01-01/2022-12-31pass
statement vs summary · net income attributable to parentconsolidated 2023-01-01/2023-12-31pass
statement vs summary · operating cash flowconsolidated 2022-01-01/2022-12-31pass
statement vs summary · operating cash flowconsolidated 2023-01-01/2023-12-31pass
statement vs summary · revenueconsolidated 2022-01-01/2022-12-31pass
statement vs summary · revenueconsolidated 2023-01-01/2023-12-31pass
statement vs summary · revenuenon_consolidated 2022-01-01/2022-12-31pass
statement vs summary · revenuenon_consolidated 2023-01-01/2023-12-31pass
statement vs summary · total assetsconsolidated 2022-12-31pass
statement vs summary · total assetsconsolidated 2023-12-31pass
statement vs summary · total assetsnon_consolidated 2022-12-31pass
statement vs summary · total assetsnon_consolidated 2023-12-31pass