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
Cash and cash equivalents (5-year summary)	Prior1YearInstant	2156036000	JPY
Cash and cash equivalents (5-year summary)	CurrentYearInstant	2826168000	JPY
Number of employees	Prior4YearInstant	122
Number of employees	Prior3YearInstant	143
Number of employees	Prior2YearInstant	171
Number of employees	Prior1YearInstant	165
Number of employees	CurrentYearInstant	191
Average number of temporary workers	Prior4YearInstant	－
Average number of temporary workers	Prior3YearInstant	－
Average number of temporary workers	Prior2YearInstant	－
Average number of temporary workers	Prior1YearInstant	－
Average number of temporary workers	CurrentYearInstant	－
Net sales (5-year summary)	Prior4YearDuration_NonConsolidatedMember	7060882000	JPY
Net sales (5-year summary)	Prior3YearDuration_NonConsolidatedMember	8059669000	JPY
Net sales (5-year summary)	Prior2YearDuration_NonConsolidatedMember	9594650000	JPY
Net sales (5-year summary)	Prior1YearDuration_NonConsolidatedMember	7896042000	JPY
Net sales (5-year summary)	CurrentYearDuration_NonConsolidatedMember	8405966000	JPY
Ordinary income loss (5-year summary)	Prior4YearDuration_NonConsolidatedMember	300443000	JPY
Ordinary income loss (5-year summary)	Prior3YearDuration_NonConsolidatedMember	399368000	JPY
Ordinary income loss (5-year summary)	Prior2YearDuration_NonConsolidatedMember	990880000	JPY
Ordinary income loss (5-year summary)	Prior1YearDuration_NonConsolidatedMember	629534000	JPY
Ordinary income loss (5-year summary)	CurrentYearDuration_NonConsolidatedMember	498893000	JPY
Net income loss (5-year summary)	Prior4YearDuration_NonConsolidatedMember	249231000	JPY
Net income loss (5-year summary)	Prior3YearDuration_NonConsolidatedMember	146240000	JPY
Net income loss (5-year summary)	Prior2YearDuration_NonConsolidatedMember	775613000	JPY
Net income loss (5-year summary)	Prior1YearDuration_NonConsolidatedMember	511021000	JPY
Net income loss (5-year summary)	CurrentYearDuration_NonConsolidatedMember	436232000	JPY
Capital stock (5-year summary)	Prior4YearInstant_NonConsolidatedMember	212276000	JPY
Capital stock (5-year summary)	Prior3YearInstant_NonConsolidatedMember	212276000	JPY
Capital stock (5-year summary)	Prior2YearInstant_NonConsolidatedMember	212276000	JPY
Capital stock (5-year summary)	Prior1YearInstant_NonConsolidatedMember	212276000	JPY
Capital stock (5-year summary)	CurrentYearInstant_NonConsolidatedMember	212276000	JPY
Total number of issued shares (5-year summary)	Prior4YearInstant_NonConsolidatedMember	2297412
Total number of issued shares (5-year summary)	Prior3YearInstant_NonConsolidatedMember	2297412
Total number of issued shares (5-year summary)	Prior2YearInstant_NonConsolidatedMember	2297412
Total number of issued shares (5-year summary)	Prior1YearInstant_NonConsolidatedMember	4594824
Total number of issued shares (5-year summary)	CurrentYearInstant_NonConsolidatedMember	4594824
Net assets (5-year summary)	Prior4YearInstant_NonConsolidatedMember	4274412000	JPY
Net assets (5-year summary)	Prior3YearInstant_NonConsolidatedMember	4278393000	JPY
Net assets (5-year summary)	Prior2YearInstant_NonConsolidatedMember	4595601000	JPY
Net assets (5-year summary)	Prior1YearInstant_NonConsolidatedMember	4864732000	JPY
Net assets (5-year summary)	CurrentYearInstant_NonConsolidatedMember	5122776000	JPY
Total assets (5-year summary)	Prior4YearInstant_NonConsolidatedMember	6433157000	JPY
Total assets (5-year summary)	Prior3YearInstant_NonConsolidatedMember	8469943000	JPY
Total assets (5-year summary)	Prior2YearInstant_NonConsolidatedMember	8396549000	JPY
Total assets (5-year summary)	Prior1YearInstant_NonConsolidatedMember	9566049000	JPY
Total assets (5-year summary)	CurrentYearInstant_NonConsolidatedMember	12408179000	JPY
Net assets per share (5-year summary)	Prior4YearInstant_NonConsolidatedMember	934.84
Net assets per share (5-year summary)	Prior3YearInstant_NonConsolidatedMember	955.13
Net assets per share (5-year summary)	Prior2YearInstant_NonConsolidatedMember	1074.07

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