Annual report

Period2025-01-01 → 2025-12-31

Filed2026-03-26

StandardJapan GAAP

ConsolidatedYes

Data checks24 of 24 passed

Key figures · 154

Metric	Value	Period	Scope	Source row
Revenue	¥17.4bn	2025-01-01 → 2025-12-31	Cons.	Net sales
Revenue	¥18.1bn	2024-01-01 → 2024-12-31	Cons.	Net sales
Revenue	¥17.9bn	2023-01-01 → 2023-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥13.2bn	2022-01-01 → 2022-12-31^v	Cons.	Net sales (5-year summary)
Revenue	¥13.4bn	2021-01-01 → 2021-12-31^v	Cons.	Net sales (5-year summary)
Operating income	−¥57m	2025-01-01 → 2025-12-31	Cons.	Operating income
Operating income	¥532m	2024-01-01 → 2024-12-31	Cons.	Operating income
Ordinary income	−¥231m	2025-01-01 → 2025-12-31	Cons.	Ordinary income
Ordinary income	¥554m	2024-01-01 → 2024-12-31	Cons.	Ordinary income
Ordinary income	¥649m	2023-01-01 → 2023-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥720m	2022-01-01 → 2022-12-31^v	Cons.	Ordinary income loss (5-year summary)
Ordinary income	¥1.2bn	2021-01-01 → 2021-12-31^v	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥1.2bn	2025-01-01 → 2025-12-31	Cons.	Income before income taxes
Profit before tax	¥554m	2024-01-01 → 2024-12-31	Cons.	Income before income taxes
Net income (owners)	−¥1.7bn	2025-01-01 → 2025-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥41m	2024-01-01 → 2024-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥89m	2023-01-01 → 2023-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥378m	2022-01-01 → 2022-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	¥854m	2021-01-01 → 2021-12-31^v	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥1.6bn	2025-01-01 → 2025-12-31	Cons.	Profit loss
Net income	¥170m	2024-01-01 → 2024-12-31	Cons.	Profit loss
Total assets	¥18.7bn	at 2025-12-31	Cons.	Assets
Total assets	¥20.1bn	at 2024-12-31	Cons.	Assets
Total assets	¥19.3bn	at 2023-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥13.7bn	at 2022-12-31^v	Cons.	Total assets (5-year summary)
Total assets	¥10.8bn	at 2021-12-31^v	Cons.	Total assets (5-year summary)
Total liabilities	¥11.3bn	at 2025-12-31	Cons.	Liabilities
Total liabilities	¥11.5bn	at 2024-12-31	Cons.	Liabilities
Net assets / equity	¥7.4bn	at 2025-12-31	Cons.	Net assets
Net assets / equity	¥8.6bn	at 2024-12-31	Cons.	Net assets
Net assets / equity	¥7.9bn	at 2023-12-31^v	Cons.	Net assets
Net assets / equity	¥6.6bn	at 2022-12-31^v	Cons.	Net assets (5-year summary)
Net assets / equity	¥5.9bn	at 2021-12-31^v	Cons.	Net assets (5-year summary)
Cash and deposits	¥3.1bn	at 2025-12-31	Cons.	Cash and deposits
Cash and deposits	¥3.3bn	at 2024-12-31	Cons.	Cash and deposits
Cash & equivalents	¥3.0bn	at 2025-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.3bn	at 2024-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.8bn	at 2023-12-31^v	Cons.	Cash and cash equivalents
Cash & equivalents	¥2.2bn	at 2022-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥2.0bn	at 2021-12-31^v	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	¥602m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥585m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥817m	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥587m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	¥637m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥690m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥242m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥2.4bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥176m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥478m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥113m	2025-01-01 → 2025-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥15m	2024-01-01 → 2024-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥2.2bn	2023-01-01 → 2023-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥726m	2022-01-01 → 2022-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	−¥937m	2021-01-01 → 2021-12-31^v	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-398.85	2025-01-01 → 2025-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥9.41	2024-01-01 → 2024-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥20.64	2023-01-01 → 2023-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥88.36	2022-01-01 → 2022-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥199.56	2021-01-01 → 2021-12-31^v	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥20.61	2023-01-01 → 2023-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥87.88	2022-01-01 → 2022-12-31^v	Cons.	Diluted earnings per share (5-year summary)
EPS (diluted)	¥196.91	2021-01-01 → 2021-12-31^v	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥1,304.18	at 2025-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,646.27	at 2024-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,540.33	at 2023-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,513.92	at 2022-12-31^v	Cons.	Net assets per share (5-year summary)
Net assets per share	¥1,363.96	at 2021-12-31^v	Cons.	Net assets per share (5-year summary)
Equity ratio	30.1%	at 2025-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	35.7%	at 2024-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	34.6%	at 2023-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	47.5%	at 2022-12-31^v	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	53.9%	at 2021-12-31^v	Cons.	Equity to asset ratio (5-year summary)
ROE	-27.0%	2025-01-01 → 2025-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	0.6%	2024-01-01 → 2024-12-31	Cons.	Rate of return on equity (5-year summary)
ROE	1.4%	2023-01-01 → 2023-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	6.1%	2022-01-01 → 2022-12-31^v	Cons.	Rate of return on equity (5-year summary)
ROE	15.6%	2021-01-01 → 2021-12-31^v	Cons.	Rate of return on equity (5-year summary)
Employees	187	at 2025-12-31	Cons.	Number of employees
Employees	200	at 2024-12-31	Cons.	Number of employees
Employees	191	at 2023-12-31^v	Cons.	Number of employees
Employees	165	at 2022-12-31^v	Cons.	Number of employees
Employees	171	at 2021-12-31^v	Cons.	Number of employees
Revenue	¥6.9bn	2025-01-01 → 2025-12-31	Standalone	Net sales
Revenue	¥8.1bn	2024-01-01 → 2024-12-31	Standalone	Net sales
Revenue	¥8.4bn	2023-01-01 → 2023-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥7.9bn	2022-01-01 → 2022-12-31^v	Standalone	Net sales (5-year summary)
Revenue	¥9.6bn	2021-01-01 → 2021-12-31^v	Standalone	Net sales (5-year summary)
Operating income	−¥312m	2025-01-01 → 2025-12-31	Standalone	Operating income
Operating income	¥143m	2024-01-01 → 2024-12-31	Standalone	Operating income
Ordinary income	−¥322m	2025-01-01 → 2025-12-31	Standalone	Ordinary income
Ordinary income	¥178m	2024-01-01 → 2024-12-31	Standalone	Ordinary income
Ordinary income	¥499m	2023-01-01 → 2023-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥630m	2022-01-01 → 2022-12-31^v	Standalone	Ordinary income loss (5-year summary)
Ordinary income	¥991m	2021-01-01 → 2021-12-31^v	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥478m	2025-01-01 → 2025-12-31	Standalone	Income before income taxes
Profit before tax	¥178m	2024-01-01 → 2024-12-31	Standalone	Income before income taxes
Net income	−¥311m	2025-01-01 → 2025-12-31	Standalone	Profit loss
Net income	¥146m	2024-01-01 → 2024-12-31	Standalone	Profit loss
Net income	¥436m	2023-01-01 → 2023-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥511m	2022-01-01 → 2022-12-31^v	Standalone	Net income loss (5-year summary)
Net income	¥776m	2021-01-01 → 2021-12-31^v	Standalone	Net income loss (5-year summary)
Total assets	¥12.6bn	at 2025-12-31	Standalone	Assets
Total assets	¥12.7bn	at 2024-12-31	Standalone	Assets
Total assets	¥12.4bn	at 2023-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥9.6bn	at 2022-12-31^v	Standalone	Total assets (5-year summary)
Total assets	¥8.4bn	at 2021-12-31^v	Standalone	Total assets (5-year summary)
Total liabilities	¥7.9bn	at 2025-12-31	Standalone	Liabilities
Total liabilities	¥7.5bn	at 2024-12-31	Standalone	Liabilities
Net assets / equity	¥4.7bn	at 2025-12-31	Standalone	Net assets
Net assets / equity	¥5.2bn	at 2024-12-31	Standalone	Net assets
Net assets / equity	¥5.1bn	at 2023-12-31^v	Standalone	Net assets
Net assets / equity	¥4.9bn	at 2022-12-31^v	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.6bn	at 2021-12-31^v	Standalone	Net assets (5-year summary)
Cash and deposits	¥826m	at 2025-12-31	Standalone	Cash and deposits
Cash and deposits	¥1.2bn	at 2024-12-31	Standalone	Cash and deposits
EPS (basic)	¥-71.77	2025-01-01 → 2025-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥33.5	2024-01-01 → 2024-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥101.23	2023-01-01 → 2023-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥119.6	2022-01-01 → 2022-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥181.23	2021-01-01 → 2021-12-31^v	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥101.08	2023-01-01 → 2023-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥118.94	2022-01-01 → 2022-12-31^v	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥178.82	2021-01-01 → 2021-12-31^v	Standalone	Diluted earnings per share (5-year summary)
Dividend per share	¥32	2025-01-01 → 2025-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥31	2024-01-01 → 2024-12-31	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥30	2023-01-01 → 2023-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥50	2022-01-01 → 2022-12-31^v	Standalone	Dividend paid per share (5-year summary)
Dividend per share	¥102	2021-01-01 → 2021-12-31^v	Standalone	Dividend paid per share (5-year summary)
Net assets per share	¥1,088.82	at 2025-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,187.46	at 2024-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,184.28	at 2023-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,134.83	at 2022-12-31^v	Standalone	Net assets per share (5-year summary)
Net assets per share	¥1,074.07	at 2021-12-31^v	Standalone	Net assets per share (5-year summary)
Equity ratio	37.4%	at 2025-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	40.9%	at 2024-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	41.3%	at 2023-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	50.9%	at 2022-12-31^v	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	54.7%	at 2021-12-31^v	Standalone	Equity to asset ratio (5-year summary)
ROE	-6.3%	2025-01-01 → 2025-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	2.8%	2024-01-01 → 2024-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	8.7%	2023-01-01 → 2023-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	10.8%	2022-01-01 → 2022-12-31^v	Standalone	Rate of return on equity (5-year summary)
ROE	17.5%	2021-01-01 → 2021-12-31^v	Standalone	Rate of return on equity (5-year summary)
Shares issued	4,594,824	at 2025-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,594,824	at 2024-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,594,824	at 2023-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	4,594,824	at 2022-12-31^v	Standalone	Total number of issued shares (5-year summary)
Shares issued	2,297,412	at 2021-12-31^v	Standalone	Total number of issued shares (5-year summary)
Employees	93	at 2025-12-31	Standalone	Number of employees
Employees	99	at 2024-12-31	Standalone	Number of employees
Employees	95	at 2023-12-31^v	Standalone	Number of employees
Employees	97	at 2022-12-31^v	Standalone	Number of employees
Employees	101	at 2021-12-31^v	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 2025-12-31	187 pure

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

All source rows · 1,260

Item	Context	Value	Unit
Buildings net	CurrentYearInstant_NonConsolidatedMember	25178000	JPY
Machinery and equipment net	Prior1YearInstant_NonConsolidatedMember	3890000	JPY
Machinery and equipment net	CurrentYearInstant_NonConsolidatedMember	7960000	JPY
Tools furniture and fixtures net	Prior1YearInstant_NonConsolidatedMember	401095000	JPY
Tools furniture and fixtures net	CurrentYearInstant_NonConsolidatedMember	481844000	JPY
Construction in progress	Prior1YearInstant_NonConsolidatedMember	62810000	JPY
Construction in progress	CurrentYearInstant_NonConsolidatedMember	61730000	JPY
Property plant and equipment	Prior1YearInstant_NonConsolidatedMember	495863000	JPY
Property plant and equipment	CurrentYearInstant_NonConsolidatedMember	576713000	JPY
Software	Prior1YearInstant_NonConsolidatedMember	25570000	JPY
Software	CurrentYearInstant_NonConsolidatedMember	22410000	JPY
Other ia	Prior1YearInstant_NonConsolidatedMember	441000	JPY
Other ia	CurrentYearInstant_NonConsolidatedMember	337000	JPY
Intangible assets	Prior1YearInstant_NonConsolidatedMember	26011000	JPY
Intangible assets	CurrentYearInstant_NonConsolidatedMember	22747000	JPY
Stocks of subsidiaries and affiliates	Prior1YearInstant_NonConsolidatedMember	5122265000	JPY
Stocks of subsidiaries and affiliates	CurrentYearInstant_NonConsolidatedMember	5339150000	JPY
Investments in capital	Prior1YearInstant_NonConsolidatedMember	1510000	JPY
Investments in capital	CurrentYearInstant_NonConsolidatedMember	1510000	JPY
Long term prepaid expenses	Prior1YearInstant_NonConsolidatedMember	45020000	JPY
Long term prepaid expenses	CurrentYearInstant_NonConsolidatedMember	37512000	JPY
Deferred tax assets	Prior1YearInstant_NonConsolidatedMember	126165000	JPY
Deferred tax assets	CurrentYearInstant_NonConsolidatedMember	293363000	JPY
Other ioa	Prior1YearInstant_NonConsolidatedMember	64078000	JPY
Other ioa	CurrentYearInstant_NonConsolidatedMember	63355000	JPY
Investments and other assets	Prior1YearInstant_NonConsolidatedMember	5359038000	JPY
Investments and other assets	CurrentYearInstant_NonConsolidatedMember	5734892000	JPY
Noncurrent assets	Prior1YearInstant_NonConsolidatedMember	5880913000	JPY
Noncurrent assets	CurrentYearInstant_NonConsolidatedMember	6334353000	JPY
Assets	Prior1YearInstant_NonConsolidatedMember	12650041000	JPY
Assets	CurrentYearInstant_NonConsolidatedMember	12603913000	JPY
Accounts payable trade	Prior1YearInstant_NonConsolidatedMember	1019259000	JPY
Accounts payable trade	CurrentYearInstant_NonConsolidatedMember	830955000	JPY
Short term loans payable	Prior1YearInstant_NonConsolidatedMember	3200000000	JPY
Short term loans payable	CurrentYearInstant_NonConsolidatedMember	4300000000	JPY
Current portion of long term loans payable	Prior1YearInstant_NonConsolidatedMember	445680000	JPY
Current portion of long term loans payable	CurrentYearInstant_NonConsolidatedMember	413280000	JPY
Accounts payable other	Prior1YearInstant_NonConsolidatedMember	245395000	JPY
Accounts payable other	CurrentYearInstant_NonConsolidatedMember	212595000	JPY
Accrued expenses	Prior1YearInstant_NonConsolidatedMember	33821000	JPY
Accrued expenses	CurrentYearInstant_NonConsolidatedMember	31971000	JPY
Income taxes payable	Prior1YearInstant_NonConsolidatedMember	2439000	JPY
Income taxes payable	CurrentYearInstant_NonConsolidatedMember	4556000	JPY
Advances received	Prior1YearInstant_NonConsolidatedMember	24450000	JPY
Advances received	CurrentYearInstant_NonConsolidatedMember	9303000	JPY
Provision for bonuses	Prior1YearInstant_NonConsolidatedMember	32988000	JPY
Provision for bonuses	CurrentYearInstant_NonConsolidatedMember	32394000	JPY
Provision for product warranties	Prior1YearInstant_NonConsolidatedMember	40916000	JPY
Provision for product warranties	CurrentYearInstant_NonConsolidatedMember	36579000	JPY
Other cl	Prior1YearInstant_NonConsolidatedMember	27150000	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 2024-12-31	pass
balance sheet identity	consolidated 2025-12-31	pass rounding
balance sheet identity	non_consolidated 2024-12-31	pass
balance sheet identity	non_consolidated 2025-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	consolidated 2024-12-31	pass
statement vs summary · net assets	consolidated 2025-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2024-12-31	pass
statement vs summary · net assets	non_consolidated 2025-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · operating cash flow	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · operating cash flow	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	consolidated 2025-01-01/2025-12-31	pass
statement vs summary · revenue	non_consolidated 2024-01-01/2024-12-31	pass
statement vs summary · revenue	non_consolidated 2025-01-01/2025-12-31	pass
statement vs summary · total assets	consolidated 2024-12-31	pass
statement vs summary · total assets	consolidated 2025-12-31	pass
statement vs summary · total assets	non_consolidated 2024-12-31	pass
statement vs summary · total assets	non_consolidated 2025-12-31	pass