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
Decrease increase in retained earnings due to exclusion from consolidation	CurrentYearDuration	-212087000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	473604000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_RemeasurementsOfDefinedBenefitPlansMember	877000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	474481000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration_NonControllingInterestsMember	1160352000	JPY
Net changes of items other than shareholders equity	CurrentYearDuration	1634834000	JPY
Total changes of items during the period	CurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember	473604000	JPY
Total changes of items during the period	CurrentYearDuration_RemeasurementsOfDefinedBenefitPlansMember	877000	JPY
Total changes of items during the period	CurrentYearDuration_ValuationAndTranslationAdjustmentsMember	474481000	JPY
Total changes of items during the period	CurrentYearDuration_NonControllingInterestsMember	1160352000	JPY
Total changes of items during the period	CurrentYearDuration	1333504000	JPY
Net assets	CurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember	1201793000	JPY
Net assets	CurrentYearInstant_RemeasurementsOfDefinedBenefitPlansMember	1125000	JPY
Net assets	CurrentYearInstant_ValuationAndTranslationAdjustmentsMember	1202918000	JPY
Net assets	CurrentYearInstant_NonControllingInterestsMember	1260560000	JPY
Net assets	CurrentYearInstant	7923514000	JPY
Income before income taxes	Prior1YearDuration	684567000	JPY
Income before income taxes	CurrentYearDuration	637874000	JPY
Depreciation and amortization ope cf	Prior1YearDuration	237531000	JPY
Depreciation and amortization ope cf	CurrentYearDuration	367499000	JPY
Amortization of goodwill ope cf	Prior1YearDuration	209548000	JPY
Amortization of goodwill ope cf	CurrentYearDuration	437549000	JPY
Increase decrease in provision for product warranties ope cf	Prior1YearDuration	-4041000	JPY
Increase decrease in provision for product warranties ope cf	CurrentYearDuration	23822000	JPY
Increase decrease in provision for bonuses ope cf	Prior1YearDuration	-3821000	JPY
Increase decrease in provision for bonuses ope cf	CurrentYearDuration	-1240000	JPY
Increase decrease in allowance for doubtful accounts ope cf	Prior1YearDuration	-1036000	JPY
Increase decrease in allowance for doubtful accounts ope cf	CurrentYearDuration	33030000	JPY
Increase decrease in net defined benefit liability ope cf	Prior1YearDuration	-16412000	JPY
Increase decrease in net defined benefit liability ope cf	CurrentYearDuration	6578000	JPY
Interest and dividends income ope cf	Prior1YearDuration	-696000	JPY
Interest and dividends income ope cf	CurrentYearDuration	-272799000	JPY
Interest expenses ope cf	Prior1YearDuration	44713000	JPY
Interest expenses ope cf	CurrentYearDuration	101804000	JPY
Foreign exchange losses gains ope cf	Prior1YearDuration	-65916000	JPY
Foreign exchange losses gains ope cf	CurrentYearDuration	-76738000	JPY
Surrender value of insurance ope cf	Prior1YearDuration	-57075000	JPY
Surrender value of insurance ope cf	CurrentYearDuration	-873000	JPY
Loss on retirement of noncurrent assets ope cf	Prior1YearDuration	35616000	JPY
Loss on retirement of noncurrent assets ope cf	CurrentYearDuration	11610000	JPY
Decrease increase in notes and accounts receivable trade ope cf	Prior1YearDuration	18824000	JPY
Decrease increase in notes and accounts receivable trade ope cf	CurrentYearDuration	635261000	JPY
Decrease increase in inventories ope cf	Prior1YearDuration	-899008000	JPY
Decrease increase in inventories ope cf	CurrentYearDuration	-915465000	JPY
Decrease increase in accounts receivable other ope cf	Prior1YearDuration	-378538000	JPY
Decrease increase in accounts receivable other ope cf	CurrentYearDuration	968712000	JPY
Increase decrease in notes and accounts payable trade ope cf	Prior1YearDuration	-85902000	JPY
Increase decrease in notes and accounts payable trade ope cf	CurrentYearDuration	-798140000	JPY
Increase decrease in accounts payable other ope cf	Prior1YearDuration	25989000	JPY
Increase decrease in accounts payable other ope cf	CurrentYearDuration	88992000	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