Annual report

Period2024-01-01 → 2024-12-31
Filed2026-09-14
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed

Amends S100VD81. Amended by S100Z25P (2026-09-14).

Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥12.1bn2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥11.1bn2023-01-01 → 2023-12-31Cons.Net sales
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)
Revenue¥8.3bn2020-01-01 → 2020-12-31dCons.Net sales (5-year summary)
Operating income¥1.2bn2024-01-01 → 2024-12-31Cons.Operating income
Operating income¥1.0bn2023-01-01 → 2023-12-31Cons.Operating income
Ordinary income¥1.3bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31Cons.Ordinary income
Ordinary income¥1.2bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
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)
Profit before tax¥871m2024-01-01 → 2024-12-31Cons.Income before income taxes
Profit before tax¥1.2bn2023-01-01 → 2023-12-31Cons.Income before income taxes
Net income (owners)¥514m2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥837m2023-01-01 → 2023-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥886m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
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¥514m2024-01-01 → 2024-12-31Cons.Profit loss
Net income¥837m2023-01-01 → 2023-12-31Cons.Profit loss
Total assets¥21.1bnat 2024-12-31Cons.Assets
Total assets¥20.5bnat 2023-12-31Cons.Assets
Total assets¥19.2bnat 2022-12-31vCons.Total assets (5-year summary)
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 liabilities¥5.5bnat 2024-12-31Cons.Liabilities
Total liabilities¥5.4bnat 2023-12-31Cons.Liabilities
Net assets / equity¥15.6bnat 2024-12-31Cons.Net assets
Net assets / equity¥15.0bnat 2023-12-31Cons.Net assets
Net assets / equity¥13.8bnat 2022-12-31vCons.Net assets
Net assets / equity¥13.2bnat 2021-12-31vCons.Net assets (5-year summary)
Net assets / equity¥12.8bnat 2020-12-31dCons.Net assets (5-year summary)
Cash and deposits¥4.3bnat 2024-12-31Cons.Cash and deposits
Cash and deposits¥4.6bnat 2023-12-31Cons.Cash and deposits
Cash & equivalents¥4.4bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.6bnat 2023-12-31Cons.Cash and cash equivalents
Cash & equivalents¥4.5bnat 2022-12-31vCons.Cash and cash equivalents
Cash & equivalents¥3.9bnat 2021-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.9bnat 2020-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥536m2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow¥324m2023-01-01 → 2023-12-31Cons.Net cash provided by used in operating activities
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)
Operating cash flow¥1.1bn2020-01-01 → 2020-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥443m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥10m2023-01-01 → 2023-12-31Cons.Net cash provided by used in investment activities
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)
Investing cash flow−¥525m2020-01-01 → 2020-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥310m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥238m2023-01-01 → 2023-12-31Cons.Net cash provided by used in financing activities
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)
Financing cash flow−¥212m2020-01-01 → 2020-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥76.72024-01-01 → 2024-12-31Cons.Basic earnings loss per share (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 → 2022-12-31vCons.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)
Net assets per share¥2,323.4at 2024-12-31Cons.Net assets 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 2022-12-31vCons.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)
Equity ratio73.8%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio73.5%at 2023-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio71.5%at 2022-12-31vCons.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)
ROE3.4%2024-01-01 → 2024-12-31Cons.Rate of return on equity (5-year summary)
ROE5.8%2023-01-01 → 2023-12-31Cons.Rate of return on equity (5-year summary)
ROE6.6%2022-01-01 → 2022-12-31vCons.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)
Employees288at 2024-12-31Cons.Number of employees
Employees276at 2023-12-31Cons.Number of employees
Employees263at 2022-12-31vCons.Number of employees
Employees250at 2021-12-31vCons.Number of employees
Employees248at 2020-12-31dCons.Number of employees
Revenue¥11.7bn2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥11.0bn2023-01-01 → 2023-12-31StandaloneNet sales
Revenue¥10.5bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥9.1bn2021-01-01 → 2021-12-31vStandaloneNet sales (5-year summary)
Revenue¥8.0bn2020-01-01 → 2020-12-31dStandaloneNet sales (5-year summary)
Operating income¥1.2bn2024-01-01 → 2024-12-31StandaloneOperating income
Operating income¥1.0bn2023-01-01 → 2023-12-31StandaloneOperating income
Ordinary income¥1.3bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income¥1.1bn2023-01-01 → 2023-12-31StandaloneOrdinary income
Ordinary income¥894m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
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)
Profit before tax¥807m2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Profit before tax¥1.1bn2023-01-01 → 2023-12-31StandaloneIncome before income taxes
Net income¥447m2024-01-01 → 2024-12-31StandaloneProfit loss
Net income¥781m2023-01-01 → 2023-12-31StandaloneProfit loss
Net income¥598m2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
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)
Total assets¥20.5bnat 2024-12-31StandaloneAssets
Total assets¥19.9bnat 2023-12-31StandaloneAssets
Total assets¥18.7bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥17.6bnat 2021-12-31vStandaloneTotal assets (5-year summary)
Total assets¥17.0bnat 2020-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥5.5bnat 2024-12-31StandaloneLiabilities
Total liabilities¥5.3bnat 2023-12-31StandaloneLiabilities
Net assets / equity¥15.0bnat 2024-12-31StandaloneNet assets
Net assets / equity¥14.5bnat 2023-12-31StandaloneNet assets
Net assets / equity¥13.3bnat 2022-12-31vStandaloneNet assets
Net assets / equity¥13.1bnat 2021-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥12.8bnat 2020-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥4.2bnat 2024-12-31StandaloneCash and deposits
Cash and deposits¥4.4bnat 2023-12-31StandaloneCash and deposits
EPS (basic)¥66.722024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥116.892023-01-01 → 2023-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥89.682022-01-01 → 2022-12-31vStandaloneBasic 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)
Dividend per share¥352024-01-01 → 2024-12-31StandaloneDividend paid 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 → 2022-12-31vStandaloneDividend 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)
Net assets per share¥2,241.64at 2024-12-31StandaloneNet assets 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 2022-12-31vStandaloneNet 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)
Equity ratio73.3%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio73.1%at 2023-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio71.4%at 2022-12-31vStandaloneEquity 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)
ROE3.0%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
ROE5.6%2023-01-01 → 2023-12-31StandaloneRate of return on equity (5-year summary)
ROE4.5%2022-01-01 → 2022-12-31vStandaloneRate 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)
Shares issued7,424,140at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,424,140at 2023-12-31StandaloneTotal 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)
Shares issued7,424,140at 2020-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees262at 2024-12-31StandaloneNumber of employees
Employees249at 2023-12-31StandaloneNumber of employees
Employees237at 2022-12-31vStandaloneNumber of employees
Employees228at 2021-12-31vStandaloneNumber of employees
Employees229at 2020-12-31dStandaloneNumber 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 · 38
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥465m
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¥452m
Valve Businessreportable segmentemployeesat 2024-12-31279 pure
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¥18.9bn
Valve Businessreportable segmentsegment profit2024-01-01 → 2024-12-31¥859m
—segment totalcapex2024-01-01 → 2024-12-31¥474m
—segment totaldepreciation2024-01-01 → 2024-12-31¥571m
—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¥20.6bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥1.2bn
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 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
Valve Businessreportable segmentemployeesat 2024-12-31253 pure

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

All source rows · 1,603
ItemContextValueUnit
Structures netCurrentYearInstant94875000JPY
Machinery and equipment netPrior1YearInstant1146995000JPY
Machinery and equipment netCurrentYearInstant1293035000JPY
Vehicles netPrior1YearInstant8294000JPY
Vehicles netCurrentYearInstant10979000JPY
Tools furniture and fixtures netPrior1YearInstant53356000JPY
Tools furniture and fixtures netCurrentYearInstant46519000JPY
LandPrior1YearInstant309107000JPY
LandCurrentYearInstant309107000JPY
Lease assets net ppePrior1YearInstant92281000JPY
Lease assets net ppeCurrentYearInstant138091000JPY
Construction in progressPrior1YearInstant188217000JPY
Construction in progressCurrentYearInstant107382000JPY
Property plant and equipmentPrior1YearInstant5046940000JPY
Property plant and equipmentCurrentYearInstant4958584000JPY
SoftwarePrior1YearInstant11778000JPY
SoftwareCurrentYearInstant21889000JPY
Telephone subscription rightPrior1YearInstant2412000JPY
Telephone subscription rightCurrentYearInstant2412000JPY
Lease assets iaPrior1YearInstant6837000JPY
Lease assets iaCurrentYearInstant4950000JPY
Marketing right iaPrior1YearInstant36000000JPY
Marketing right iaCurrentYearInstant30000000JPY
Leasehold rightPrior1YearInstant360000JPY
Leasehold rightCurrentYearInstant360000JPY
Other iaPrior1YearInstant-JPY
Other iaCurrentYearInstant197000JPY
Intangible assetsPrior1YearInstant57389000JPY
Intangible assetsCurrentYearInstant59809000JPY
Investment securitiesPrior1YearInstant3195378000JPY
Investment securitiesCurrentYearInstant3639251000JPY
Stocks of subsidiaries and affiliatesPrior1YearInstant7050000JPY
Stocks of subsidiaries and affiliatesCurrentYearInstant7050000JPY
Investments in capitalPrior1YearInstant310000JPY
Investments in capitalCurrentYearInstant310000JPY
Long term prepaid expensesPrior1YearInstant2362000JPY
Long term prepaid expensesCurrentYearInstant8527000JPY
MembershipPrior1YearInstant2439000JPY
MembershipCurrentYearInstant2439000JPY
Insurance fundsPrior1YearInstant355290000JPY
Insurance fundsCurrentYearInstant355290000JPY
Deferred tax assetsPrior1YearInstant8871000JPY
Deferred tax assetsCurrentYearInstant8093000JPY
Other ioaPrior1YearInstant93847000JPY
Other ioaCurrentYearInstant106925000JPY
Allowance for doubtful accounts ioa by groupPrior1YearInstant-140000JPY
Allowance for doubtful accounts ioa by groupCurrentYearInstant-80000JPY
Investments and other assetsPrior1YearInstant3665408000JPY
Investments and other assetsCurrentYearInstant4127807000JPY
Noncurrent assetsPrior1YearInstant8769737000JPY

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 2023-12-31pass
balance sheet identityconsolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2023-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2022-12-31pass
statement vs summary · net assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2022-12-31pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2023-01-01/2023-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2023-01-01/2023-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2023-01-01/2023-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2023-01-01/2023-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · total assetsconsolidated 2023-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2023-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass