Annual report

Period2021-01-01 → 2021-12-31

Filed2023-03-22

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Amends S100NQS5. Amended by S100QFCE (2023-03-22).

Key figures · 158

Metric	Value	Period	Scope	Source row
Revenue	¥13.4bn	2021-01-01 → 2021-12-31	Cons.	Net sales
Revenue	¥10.4bn	2020-01-01 → 2020-12-31	Cons.	Net sales
Revenue	¥8.6bn	2019-01-01 → 2019-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥7.7bn	2018-01-01 → 2018-12-31^d	Cons.	Net sales (5-year summary)
Revenue	¥6.3bn	2017-01-01 → 2017-12-31^d	Cons.	Net sales (5-year summary)
Operating income	¥1.3bn	2021-01-01 → 2021-12-31	Cons.	Operating income
Operating income	¥755m	2020-01-01 → 2020-12-31	Cons.	Operating income
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31	Cons.	Ordinary income
Ordinary income	¥451m	2020-01-01 → 2020-12-31	Cons.	Ordinary income
Ordinary income	¥319m	2019-01-01 → 2019-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥346m	2018-01-01 → 2018-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥363m	2017-01-01 → 2017-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	¥1.2bn	2021-01-01 → 2021-12-31	Cons.	Income before income taxes
Profit before tax	¥629m	2020-01-01 → 2020-12-31	Cons.	Income before income taxes
Net income (owners)	¥854m	2021-01-01 → 2021-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥503m	2020-01-01 → 2020-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥251m	2019-01-01 → 2019-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥319m	2018-01-01 → 2018-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥289m	2017-01-01 → 2017-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	¥909m	2021-01-01 → 2021-12-31	Cons.	Profit loss
Net income	¥515m	2020-01-01 → 2020-12-31	Cons.	Profit loss
Total assets	¥10.8bn	at 2021-12-31	Cons.	Assets
Total assets	¥10.2bn	at 2020-12-31	Cons.	Assets
Total assets	¥7.9bn	at 2019-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥7.9bn	at 2018-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥6.8bn	at 2017-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥4.9bn	at 2021-12-31	Cons.	Liabilities
Total liabilities	¥5.1bn	at 2020-12-31	Cons.	Liabilities
Net assets / equity	¥5.9bn	at 2021-12-31	Cons.	Net assets
Net assets / equity	¥5.1bn	at 2020-12-31	Cons.	Net assets
Net assets / equity	¥4.9bn	at 2019-12-31^d	Cons.	Net assets
Net assets / equity	¥4.7bn	at 2018-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.5bn	at 2017-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.1bn	at 2021-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.7bn	at 2020-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.0bn	at 2021-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2020-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.3bn	at 2019-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.9bn	at 2018-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.5bn	at 2017-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥637m	2021-01-01 → 2021-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥990m	2020-01-01 → 2020-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥54m	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥152m	2018-01-01 → 2018-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥364m	2017-01-01 → 2017-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥478m	2021-01-01 → 2021-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥1.3bn	2020-01-01 → 2020-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥456m	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥381m	2018-01-01 → 2018-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥342m	2017-01-01 → 2017-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥937m	2021-01-01 → 2021-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥716m	2020-01-01 → 2020-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	−¥31m	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥11m	2018-01-01 → 2018-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥211m	2017-01-01 → 2017-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥199.56	2021-01-01 → 2021-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥111.78	2020-01-01 → 2020-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥55.01	2019-01-01 → 2019-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥70.16	2018-01-01 → 2018-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥66.6	2017-01-01 → 2017-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥196.91	2021-01-01 → 2021-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥110.26	2020-01-01 → 2020-12-31	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥54.15	2019-01-01 → 2019-12-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥68.67	2018-01-01 → 2018-12-31^d	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥63.16	2017-01-01 → 2017-12-31^d	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,363.96	at 2021-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,142.28	at 2020-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,064.28	at 2019-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,037.91	at 2018-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,002.29	at 2017-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	53.9%	at 2021-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	50.2%	at 2020-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	61.9%	at 2019-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	59.6%	at 2018-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	66.4%	at 2017-12-31^d	Cons.	Equity to asset ratio (5-year summary)
ROE	15.6%	2021-01-01 → 2021-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	10.1%	2020-01-01 → 2020-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	5.2%	2019-01-01 → 2019-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	6.9%	2018-01-01 → 2018-12-31^d	Cons.	Rate of return on equity (5-year summary)
ROE	6.7%	2017-01-01 → 2017-12-31^d	Cons.	Rate of return on equity (5-year summary)
Employees	171	at 2021-12-31	Cons.	Number of employees
Employees	143	at 2020-12-31	Cons.	Number of employees
Employees	122	at 2019-12-31^d	Cons.	Number of employees
Employees	117	at 2018-12-31^d	Cons.	Number of employees
Employees	85	at 2017-12-31^d	Cons.	Number of employees
Revenue	¥9.6bn	2021-01-01 → 2021-12-31	Standalone	Net sales
Revenue	¥8.1bn	2020-01-01 → 2020-12-31	Standalone	Net sales
Revenue	¥7.1bn	2019-01-01 → 2019-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥6.9bn	2018-01-01 → 2018-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥6.3bn	2017-01-01 → 2017-12-31^d	Standalone	Net sales (5-year summary)
Operating income	¥1.0bn	2021-01-01 → 2021-12-31	Standalone	Operating income
Operating income	¥426m	2020-01-01 → 2020-12-31	Standalone	Operating income
Ordinary income	¥991m	2021-01-01 → 2021-12-31	Standalone	Ordinary income
Ordinary income	¥399m	2020-01-01 → 2020-12-31	Standalone	Ordinary income
Ordinary income	¥300m	2019-01-01 → 2019-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥363m	2018-01-01 → 2018-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥341m	2017-01-01 → 2017-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥991m	2021-01-01 → 2021-12-31	Standalone	Income before income taxes
Profit before tax	¥157m	2020-01-01 → 2020-12-31	Standalone	Income before income taxes
Net income	¥776m	2021-01-01 → 2021-12-31	Standalone	Profit loss
Net income	¥146m	2020-01-01 → 2020-12-31	Standalone	Profit loss
Net income	¥249m	2019-01-01 → 2019-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥301m	2018-01-01 → 2018-12-31^d	Standalone	Net income loss (5-year summary)
Net income	¥273m	2017-01-01 → 2017-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥8.4bn	at 2021-12-31	Standalone	Assets
Total assets	¥8.5bn	at 2020-12-31	Standalone	Assets
Total assets	¥6.4bn	at 2019-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥6.3bn	at 2018-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥5.5bn	at 2017-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥3.8bn	at 2021-12-31	Standalone	Liabilities
Total liabilities	¥4.2bn	at 2020-12-31	Standalone	Liabilities
Net assets / equity	¥4.6bn	at 2021-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2020-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2019-12-31^d	Standalone	Net assets
Net assets / equity	¥4.1bn	at 2018-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥3.9bn	at 2017-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.4bn	at 2021-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.7bn	at 2020-12-31	Standalone	Cash and deposits
EPS (basic)	¥181.23	2021-01-01 → 2021-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥32.51	2020-01-01 → 2020-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥54.63	2019-01-01 → 2019-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥66.15	2018-01-01 → 2018-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥63.06	2017-01-01 → 2017-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥178.82	2021-01-01 → 2021-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥32.07	2020-01-01 → 2020-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥53.77	2019-01-01 → 2019-12-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥64.76	2018-01-01 → 2018-12-31^d	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥59.81	2017-01-01 → 2017-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥102	2021-01-01 → 2021-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥62	2020-01-01 → 2020-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥34	2019-01-01 → 2019-12-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥43	2018-01-01 → 2018-12-31^d	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥40	2017-01-01 → 2017-12-31^d	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,074.07	at 2021-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥955.13	at 2020-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥934.84	at 2019-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥903.59	at 2018-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥864.18	at 2017-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	54.7%	at 2021-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.5%	at 2020-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	66.4%	at 2019-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	65.7%	at 2018-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	71.2%	at 2017-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	17.5%	2021-01-01 → 2021-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	3.4%	2020-01-01 → 2020-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	5.9%	2019-01-01 → 2019-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	7.5%	2018-01-01 → 2018-12-31^d	Standalone	Rate of return on equity (5-year summary)
ROE	7.5%	2017-01-01 → 2017-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	2,297,412	at 2021-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,297,412	at 2020-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,297,412	at 2019-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,297,412	at 2018-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,297,412	at 2017-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	101	at 2021-12-31	Standalone	Number of employees
Employees	95	at 2020-12-31	Standalone	Number of employees
Employees	91	at 2019-12-31^d	Standalone	Number of employees
Employees	85	at 2018-12-31^d	Standalone	Number of employees
Employees	82	at 2017-12-31^d	Standalone	Number 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 · 1

Segment	Item	Period	Value
Musical Electronic Devices Businessreportable segment	employees	at 2021-12-31	171 pure

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

All source rows · 1,246

Item	Context	Value	Unit
Provision for product warranties	CurrentYearInstant	57747000	JPY
Other cl	Prior1YearInstant	198706000	JPY
Other cl	CurrentYearInstant	201447000	JPY
Current liabilities	Prior1YearInstant	3883943000	JPY
Current liabilities	CurrentYearInstant	3675051000	JPY
Long term loans payable	Prior1YearInstant	990000000	JPY
Long term loans payable	CurrentYearInstant	1041432000	JPY
Net defined benefit liability	Prior1YearInstant	129632000	JPY
Net defined benefit liability	CurrentYearInstant	150551000	JPY
Other ncl	Prior1YearInstant	58148000	JPY
Other ncl	CurrentYearInstant	50671000	JPY
Noncurrent liabilities	Prior1YearInstant	1177780000	JPY
Noncurrent liabilities	CurrentYearInstant	1242655000	JPY
Liabilities	Prior1YearInstant	5061723000	JPY
Liabilities	CurrentYearInstant	4917707000	JPY
Capital stock	Prior1YearInstant	212276000	JPY
Capital stock	CurrentYearInstant	212276000	JPY
Capital surplus	Prior1YearInstant	261838000	JPY
Capital surplus	CurrentYearInstant	261838000	JPY
Retained earnings	Prior1YearInstant	4842971000	JPY
Retained earnings	CurrentYearInstant	5525605000	JPY
Treasury stock	Prior1YearInstant	-87054000	JPY
Treasury stock	CurrentYearInstant	-374010000	JPY
Shareholders equity	Prior1YearInstant	5230031000	JPY
Shareholders equity	CurrentYearInstant	5625709000	JPY
Foreign currency translation adjustment	Prior1YearInstant	-103004000	JPY
Foreign currency translation adjustment	CurrentYearInstant	220184000	JPY
Remeasurements of defined benefit plans	Prior1YearInstant	-10350000	JPY
Remeasurements of defined benefit plans	CurrentYearInstant	-9929000	JPY
Valuation and translation adjustments	Prior1YearInstant	-113354000	JPY
Valuation and translation adjustments	CurrentYearInstant	210255000	JPY
Non controlling interests	Prior1YearInstant	19810000	JPY
Non controlling interests	CurrentYearInstant	75901000	JPY
Net assets	Prior1YearInstant	5136486000	JPY
Net assets	CurrentYearInstant	5911867000	JPY
Liabilities and net assets	Prior1YearInstant	10198210000	JPY
Liabilities and net assets	CurrentYearInstant	10829574000	JPY
Net sales	Prior1YearDuration	10419513000	JPY
Net sales	CurrentYearDuration	13417856000	JPY
Cost of sales	Prior1YearDuration	6131261000	JPY
Cost of sales	CurrentYearDuration	7713529000	JPY
Gross profit	Prior1YearDuration	4288252000	JPY
Gross profit	CurrentYearDuration	5704326000	JPY
Selling general and administrative expenses	Prior1YearDuration	3533001000	JPY
Selling general and administrative expenses	CurrentYearDuration	4446069000	JPY
Operating income	Prior1YearDuration	755250000	JPY
Operating income	CurrentYearDuration	1258257000	JPY
Interest income noi	Prior1YearDuration	1215000	JPY
Interest income noi	CurrentYearDuration	1041000	JPY
Interest on refund of income noi	Prior1YearDuration	3519000	JPY

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 identity	consolidated 2020-12-31	pass rounding
balance sheet identity	consolidated 2021-12-31	pass
balance sheet identity	non_consolidated 2020-12-31	pass
balance sheet identity	non_consolidated 2021-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2019-12-31	pass
statement vs summary · net assets	consolidated 2020-12-31	pass
statement vs summary · net assets	consolidated 2021-12-31	pass
statement vs summary · net assets	non_consolidated 2019-12-31	pass
statement vs summary · net assets	non_consolidated 2020-12-31	pass
statement vs summary · net assets	non_consolidated 2021-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2020-01-01/2020-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · operating cash flow	consolidated 2020-01-01/2020-12-31	pass
statement vs summary · operating cash flow	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · revenue	consolidated 2020-01-01/2020-12-31	pass
statement vs summary · revenue	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · revenue	non_consolidated 2020-01-01/2020-12-31	pass
statement vs summary · revenue	non_consolidated 2021-01-01/2021-12-31	pass
statement vs summary · total assets	consolidated 2020-12-31	pass
statement vs summary · total assets	consolidated 2021-12-31	pass
statement vs summary · total assets	non_consolidated 2020-12-31	pass
statement vs summary · total assets	non_consolidated 2021-12-31	pass