Annual report

Period2022-01-01 → 2022-12-31

Filed2023-03-28

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 158

Metric	Value	Period	Scope	Source row
Revenue	¥13.2bn	2022-01-01 → 2022-12-31	Cons.	Net sales
Revenue	¥13.4bn	2021-01-01 → 2021-12-31	Cons.	Net sales
Revenue	¥10.4bn	2020-01-01 → 2020-12-31^d	Cons.	Net sales (5-year summary)
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)
Operating income	¥664m	2022-01-01 → 2022-12-31	Cons.	Operating income
Operating income	¥1.3bn	2021-01-01 → 2021-12-31	Cons.	Operating income
Ordinary income	¥720m	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31	Cons.	Ordinary income
Ordinary income	¥451m	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
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)
Profit before tax	¥685m	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Profit before tax	¥1.2bn	2021-01-01 → 2021-12-31	Cons.	Income before income taxes
Net income (owners)	¥378m	2022-01-01 → 2022-12-31	Cons.	Profit loss attributable to owners of parent
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^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
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	¥394m	2022-01-01 → 2022-12-31	Cons.	Profit loss
Net income	¥909m	2021-01-01 → 2021-12-31	Cons.	Profit loss
Total assets	¥13.7bn	at 2022-12-31	Cons.	Assets
Total assets	¥10.8bn	at 2021-12-31	Cons.	Assets
Total assets	¥10.2bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
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 liabilities	¥7.1bn	at 2022-12-31	Cons.	Liabilities
Total liabilities	¥4.9bn	at 2021-12-31	Cons.	Liabilities
Net assets / equity	¥6.6bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥5.9bn	at 2021-12-31	Cons.	Net assets
Net assets / equity	¥5.1bn	at 2020-12-31^d	Cons.	Net assets
Net assets / equity	¥4.9bn	at 2019-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.7bn	at 2018-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.2bn	at 2022-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.1bn	at 2021-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.2bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2021-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2020-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.3bn	at 2019-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.9bn	at 2018-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥587m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in operating activities
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^d	Cons.	Net cash provided by used in operating activities (5-year summary)
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)
Investing cash flow	−¥176m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in investment activities
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^d	Cons.	Net cash provided by used in investing activities (5-year summary)
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)
Financing cash flow	¥726m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in financing activities
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^d	Cons.	Net cash provided by used in financing activities (5-year summary)
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)
EPS (basic)	¥88.36	2022-01-01 → 2022-12-31	Cons.	Basic earnings loss per share (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^d	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 (diluted)	¥87.88	2022-01-01 → 2022-12-31	Cons.	Diluted earnings 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^d	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)
Net assets per share	¥1,513.92	at 2022-12-31	Cons.	Net assets 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^d	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)
Equity ratio	47.5%	at 2022-12-31	Cons.	Equity to asset ratio (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^d	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)
ROE	6.1%	2022-01-01 → 2022-12-31	Cons.	Rate of return on equity (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^d	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)
Employees	165	at 2022-12-31	Cons.	Number of employees
Employees	171	at 2021-12-31	Cons.	Number of employees
Employees	143	at 2020-12-31^d	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
Revenue	¥7.9bn	2022-01-01 → 2022-12-31	Standalone	Net sales
Revenue	¥9.6bn	2021-01-01 → 2021-12-31	Standalone	Net sales
Revenue	¥8.1bn	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
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)
Operating income	¥360m	2022-01-01 → 2022-12-31	Standalone	Operating income
Operating income	¥1.0bn	2021-01-01 → 2021-12-31	Standalone	Operating income
Ordinary income	¥630m	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	¥991m	2021-01-01 → 2021-12-31	Standalone	Ordinary income
Ordinary income	¥399m	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
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)
Profit before tax	¥594m	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Profit before tax	¥991m	2021-01-01 → 2021-12-31	Standalone	Income before income taxes
Net income	¥511m	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	¥776m	2021-01-01 → 2021-12-31	Standalone	Profit loss
Net income	¥146m	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
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)
Total assets	¥9.6bn	at 2022-12-31	Standalone	Assets
Total assets	¥8.4bn	at 2021-12-31	Standalone	Assets
Total assets	¥8.5bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
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 liabilities	¥4.7bn	at 2022-12-31	Standalone	Liabilities
Total liabilities	¥3.8bn	at 2021-12-31	Standalone	Liabilities
Net assets / equity	¥4.9bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥4.6bn	at 2021-12-31	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2020-12-31^d	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.1bn	at 2018-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥991m	at 2022-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.4bn	at 2021-12-31	Standalone	Cash and deposits
EPS (basic)	¥119.6	2022-01-01 → 2022-12-31	Standalone	Basic earnings loss per share (5-year summary)
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^d	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 (diluted)	¥118.94	2022-01-01 → 2022-12-31	Standalone	Diluted earnings 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^d	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)
Dividend per share	¥50	2022-01-01 → 2022-12-31	Standalone	Dividend paid 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^d	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)
Net assets per share	¥1,134.83	at 2022-12-31	Standalone	Net assets 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^d	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)
Equity ratio	50.9%	at 2022-12-31	Standalone	Equity to asset ratio (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^d	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)
ROE	10.8%	2022-01-01 → 2022-12-31	Standalone	Rate of return on equity (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^d	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)
Shares issued	4,594,824	at 2022-12-31	Standalone	Total number of issued shares (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^d	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)
Employees	97	at 2022-12-31	Standalone	Number of employees
Employees	101	at 2021-12-31	Standalone	Number of employees
Employees	95	at 2020-12-31^d	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

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 2022-12-31	165 pure

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

All source rows · 1,237

Item	Context	Value	Unit
Buildings and structures net	CurrentYearInstant	65346000	JPY
Machinery equipment and vehicles net	Prior1YearInstant	6807000	JPY
Machinery equipment and vehicles net	CurrentYearInstant	5384000	JPY
Tools furniture and fixtures net	Prior1YearInstant	372636000	JPY
Tools furniture and fixtures net	CurrentYearInstant	412939000	JPY
Lease assets net ppe	Prior1YearInstant	57644000	JPY
Lease assets net ppe	CurrentYearInstant	137766000	JPY
Construction in progress	Prior1YearInstant	80221000	JPY
Construction in progress	CurrentYearInstant	25693000	JPY
Property plant and equipment	Prior1YearInstant	548239000	JPY
Property plant and equipment	CurrentYearInstant	647131000	JPY
Goodwill	Prior1YearInstant	1397641000	JPY
Goodwill	CurrentYearInstant	1374833000	JPY
Other ia	Prior1YearInstant	79156000	JPY
Other ia	CurrentYearInstant	63002000	JPY
Intangible assets	Prior1YearInstant	1476798000	JPY
Intangible assets	CurrentYearInstant	1437836000	JPY
Investment securities	Prior1YearInstant	23004000	JPY
Investment securities	CurrentYearInstant	26540000	JPY
Deferred tax assets	Prior1YearInstant	590520000	JPY
Deferred tax assets	CurrentYearInstant	553261000	JPY
Other ioa	Prior1YearInstant	348513000	JPY
Other ioa	CurrentYearInstant	341467000	JPY
Allowance for doubtful accounts ioa by group	Prior1YearInstant	-192569000	JPY
Allowance for doubtful accounts ioa by group	CurrentYearInstant	-197929000	JPY
Investments and other assets	Prior1YearInstant	769468000	JPY
Investments and other assets	CurrentYearInstant	723339000	JPY
Noncurrent assets	Prior1YearInstant	2794505000	JPY
Noncurrent assets	CurrentYearInstant	2808307000	JPY
Assets	Prior1YearInstant	10829574000	JPY
Assets	CurrentYearInstant	13650031000	JPY
Accounts payable trade	Prior1YearInstant	1000831000	JPY
Accounts payable trade	CurrentYearInstant	1080048000	JPY
Short term loans payable	Prior1YearInstant	1346905000	JPY
Short term loans payable	CurrentYearInstant	2513363000	JPY
Current portion of long term loans payable	Prior1YearInstant	160363000	JPY
Current portion of long term loans payable	CurrentYearInstant	177076000	JPY
Accounts payable other	Prior1YearInstant	604334000	JPY
Accounts payable other	CurrentYearInstant	647642000	JPY
Liabilities related to chargeable subcontracting cl	Prior1YearInstant	－	JPY
Liabilities related to chargeable subcontracting cl	CurrentYearInstant	1072906000	JPY
Income taxes payable	Prior1YearInstant	265373000	JPY
Income taxes payable	CurrentYearInstant	41124000	JPY
Provision for bonuses	Prior1YearInstant	38048000	JPY
Provision for bonuses	CurrentYearInstant	34226000	JPY
Provision for product warranties	Prior1YearInstant	57747000	JPY
Provision for product warranties	CurrentYearInstant	54291000	JPY
Other cl	Prior1YearInstant	201447000	JPY
Other cl	CurrentYearInstant	287063000	JPY
Current liabilities	Prior1YearInstant	3675051000	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 2021-12-31	pass
balance sheet identity	consolidated 2022-12-31	pass
balance sheet identity	non_consolidated 2021-12-31	pass
balance sheet identity	non_consolidated 2022-12-31	pass rounding
dei present		pass
period resolution		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	consolidated 2022-12-31	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 assets	non_consolidated 2022-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · operating cash flow	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · operating cash flow	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	consolidated 2021-01-01/2021-12-31	pass
statement vs summary · revenue	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	non_consolidated 2021-01-01/2021-12-31	pass
statement vs summary · revenue	non_consolidated 2022-01-01/2022-12-31	pass
statement vs summary · total assets	consolidated 2021-12-31	pass
statement vs summary · total assets	consolidated 2022-12-31	pass
statement vs summary · total assets	non_consolidated 2021-12-31	pass
statement vs summary · total assets	non_consolidated 2022-12-31	pass