Annual report

Period2023-01-01 → 2023-12-31

Filed2024-03-28

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 158

Metric	Value	Period	Scope	Source row
Revenue	¥17.9bn	2023-01-01 → 2023-12-31	Cons.	Net sales
Revenue	¥13.2bn	2022-01-01 → 2022-12-31	Cons.	Net sales
Revenue	¥13.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net sales (5-year summary)
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)
Operating income	¥574m	2023-01-01 → 2023-12-31	Cons.	Operating income
Operating income	¥664m	2022-01-01 → 2022-12-31	Cons.	Operating income
Ordinary income	¥649m	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	¥720m	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
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)
Profit before tax	¥638m	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Profit before tax	¥685m	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Net income (owners)	¥89m	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
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^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
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	¥318m	2023-01-01 → 2023-12-31	Cons.	Profit loss
Net income	¥394m	2022-01-01 → 2022-12-31	Cons.	Profit loss
Total assets	¥19.3bn	at 2023-12-31	Cons.	Assets
Total assets	¥13.7bn	at 2022-12-31	Cons.	Assets
Total assets	¥10.8bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
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 liabilities	¥11.3bn	at 2023-12-31	Cons.	Liabilities
Total liabilities	¥7.1bn	at 2022-12-31	Cons.	Liabilities
Net assets / equity	¥7.9bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥6.6bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥5.9bn	at 2021-12-31^d	Cons.	Net assets
Net assets / equity	¥5.1bn	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥4.9bn	at 2019-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥2.8bn	at 2023-12-31	Cons.	Cash and deposits
Cash and deposits	¥2.2bn	at 2022-12-31	Cons.	Cash and deposits
Cash & equivalents	¥2.8bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.2bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.0bn	at 2021-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.7bn	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.3bn	at 2019-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥817m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
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^d	Cons.	Net cash provided by used in operating activities (5-year summary)
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)
Investing cash flow	−¥2.4bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
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^d	Cons.	Net cash provided by used in investing activities (5-year summary)
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)
Financing cash flow	¥2.2bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
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^d	Cons.	Net cash provided by used in financing activities (5-year summary)
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)
EPS (basic)	¥20.64	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (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^d	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 (diluted)	¥20.61	2023-01-01 → 2023-12-31	Cons.	Diluted earnings 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^d	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)
Net assets per share	¥1,540.33	at 2023-12-31	Cons.	Net assets 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^d	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)
Equity ratio	34.6%	at 2023-12-31	Cons.	Equity to asset ratio (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^d	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)
ROE	1.4%	2023-01-01 → 2023-12-31	Cons.	Rate of return on equity (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^d	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)
Employees	191	at 2023-12-31	Cons.	Number of employees
Employees	165	at 2022-12-31	Cons.	Number of employees
Employees	171	at 2021-12-31^d	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
Revenue	¥8.4bn	2023-01-01 → 2023-12-31	Standalone	Net sales
Revenue	¥7.9bn	2022-01-01 → 2022-12-31	Standalone	Net sales
Revenue	¥9.6bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
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)
Operating income	¥354m	2023-01-01 → 2023-12-31	Standalone	Operating income
Operating income	¥360m	2022-01-01 → 2022-12-31	Standalone	Operating income
Ordinary income	¥499m	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	¥630m	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	¥991m	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
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)
Profit before tax	¥489m	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Profit before tax	¥594m	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Net income	¥436m	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	¥511m	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	¥776m	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
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)
Total assets	¥12.4bn	at 2023-12-31	Standalone	Assets
Total assets	¥9.6bn	at 2022-12-31	Standalone	Assets
Total assets	¥8.4bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
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 liabilities	¥7.3bn	at 2023-12-31	Standalone	Liabilities
Total liabilities	¥4.7bn	at 2022-12-31	Standalone	Liabilities
Net assets / equity	¥5.1bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥4.9bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥4.6bn	at 2021-12-31^d	Standalone	Net assets
Net assets / equity	¥4.3bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.3bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥1.9bn	at 2023-12-31	Standalone	Cash and deposits
Cash and deposits	¥991m	at 2022-12-31	Standalone	Cash and deposits
EPS (basic)	¥101.23	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
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^d	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 (diluted)	¥101.08	2023-01-01 → 2023-12-31	Standalone	Diluted earnings 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^d	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)
Dividend per share	¥30	2023-01-01 → 2023-12-31	Standalone	Dividend paid 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^d	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)
Net assets per share	¥1,184.28	at 2023-12-31	Standalone	Net assets 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^d	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)
Equity ratio	41.3%	at 2023-12-31	Standalone	Equity to asset ratio (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^d	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)
ROE	8.7%	2023-01-01 → 2023-12-31	Standalone	Rate of return on equity (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^d	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)
Shares issued	4,594,824	at 2023-12-31	Standalone	Total number of issued shares (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^d	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)
Employees	95	at 2023-12-31	Standalone	Number of employees
Employees	97	at 2022-12-31	Standalone	Number of employees
Employees	101	at 2021-12-31^d	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

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 2023-12-31	191 pure

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

All source rows · 1,253

Item	Context	Value	Unit
Independent auditors report consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 太陽有限責任監査法人
Cpa1 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 石　　上　　卓　　哉
Cpa2 audit firm1 consolidated	FilingDateInstant	Original text (Japanese) 清　　水　　幸　　樹
Key audit matters consolidated (text)	FilingDateInstant	Text · Plus
Overview kam consolidated (text)	FilingDateInstant	Text · Plus
Short description kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 海外顧客に対する収益認識
Description including reason kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Reference kam consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 【注記事項】（セグメント情報等）の【関連情報】「２地域ごとの情報」(1)売上高
Auditors response kam consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Other information consolidated (text)	FilingDateInstant	Text · Plus
Independent auditors report non consolidated (text)	FilingDateInstant	Text · Plus
Audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 太陽有限責任監査法人
Cpa1 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 石　　上　　卓　　哉
Cpa2 audit firm1 non consolidated	FilingDateInstant	Original text (Japanese) 清　　水　　幸　　樹
Key audit matters non consolidated (text)	FilingDateInstant	Text · Plus
Overview kam non consolidated (text)	FilingDateInstant	Text · Plus
Short description kam non consolidated	FilingDateInstant_Row1Member	Original text (Japanese) 海外顧客に対する収益認識
Description including reason kam non consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Auditors response kam non consolidated (text)	FilingDateInstant_Row1Member	Text · Plus
Other information non consolidated (text)	FilingDateInstant	Text · Plus
Number of submission	FilingDateInstant	1
Net sales (5-year summary)	Prior4YearDuration	8608373000	JPY
Net sales (5-year summary)	Prior3YearDuration	10419513000	JPY
Net sales (5-year summary)	Prior2YearDuration	13417856000	JPY
Net sales (5-year summary)	Prior1YearDuration	13235630000	JPY
Net sales (5-year summary)	CurrentYearDuration	17901459000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration	318958000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration	450902000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration	1216663000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration	720183000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration	649485000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior4YearDuration	250971000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior3YearDuration	502846000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior2YearDuration	854084000	JPY
Profit loss attributable to owners of parent (5-year summary)	Prior1YearDuration	377543000	JPY
Profit loss attributable to owners of parent (5-year summary)	CurrentYearDuration	88946000	JPY
Comprehensive income (5-year summary)	Prior4YearDuration	231776000	JPY
Comprehensive income (5-year summary)	Prior3YearDuration	400360000	JPY
Comprehensive income (5-year summary)	Prior2YearDuration	1233786000	JPY
Comprehensive income (5-year summary)	Prior1YearDuration	920031000	JPY
Comprehensive income (5-year summary)	CurrentYearDuration	929062000	JPY
Net assets (5-year summary)	Prior4YearInstant	4875181000	JPY
Net assets (5-year summary)	Prior3YearInstant	5136486000	JPY
Net assets (5-year summary)	Prior2YearInstant	5911867000	JPY
Net assets (5-year summary)	Prior1YearInstant	6590009000	JPY
Net assets (5-year summary)	CurrentYearInstant	7923514000	JPY
Total assets (5-year summary)	Prior4YearInstant	7855496000	JPY
Total assets (5-year summary)	Prior3YearInstant	10198210000	JPY
Total assets (5-year summary)	Prior2YearInstant	10829574000	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 2022-12-31	pass
balance sheet identity	consolidated 2023-12-31	pass
balance sheet identity	non_consolidated 2022-12-31	pass rounding
balance sheet identity	non_consolidated 2023-12-31	pass
dei present		pass
period resolution		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	consolidated 2023-12-31	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 assets	non_consolidated 2023-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · operating cash flow	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · operating cash flow	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	non_consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	non_consolidated 2023-01-01/2023-12-31	pass
statement vs summary · total assets	consolidated 2022-12-31	pass
statement vs summary · total assets	consolidated 2023-12-31	pass
statement vs summary · total assets	non_consolidated 2022-12-31	pass
statement vs summary · total assets	non_consolidated 2023-12-31	pass