Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥43.0bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥48.1bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥56.4bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥60.3bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥53.5bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥2.3bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income−¥1.3bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥683m2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income−¥206m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥570m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.1bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥654m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥2.9bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥818m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥2.5bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥281m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.9bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥3.5bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥2.7bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.6bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥256m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥108.9bnat 2026-03-31Cons.Assets
Total assets¥101.1bnat 2025-03-31Cons.Assets
Total assets¥104.3bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥98.1bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥100.4bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥13.7bnat 2026-03-31Cons.Liabilities
Total liabilities¥12.8bnat 2025-03-31Cons.Liabilities
Net assets / equity¥95.2bnat 2026-03-31Cons.Net assets
Net assets / equity¥88.3bnat 2025-03-31Cons.Net assets
Net assets / equity¥90.5bnat 2024-03-31vCons.Net assets
Net assets / equity¥85.2bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥86.8bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥36.2bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥31.3bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥28.3bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥23.6bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥21.3bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥15.5bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥20.6bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.8bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥4.6bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.5bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥5.8bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥6.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥2.4bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.4bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow¥4.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥1.1bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥1.3bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥833m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.1bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.5bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥1.6bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥59.482025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-6.632024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-43.712023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-82.512022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-62.922021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥1,975.55at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,819.33at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,843.89at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,739.57at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,782.55at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio77.0%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio76.3%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio75.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio75.2%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio75.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE3.1%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE-0.4%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-2.4%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE-4.7%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE-3.5%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees2,384at 2026-03-31Cons.Number of employees
Employees2,534at 2025-03-31Cons.Number of employees
Employees2,997at 2024-03-31vCons.Number of employees
Employees3,823at 2023-03-31vCons.Number of employees
Employees4,006at 2022-03-31vCons.Number of employees
Revenue¥18.7bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥21.9bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥25.9bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥29.6bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥29.3bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥1.4bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥75m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥206m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥4.7bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥1.4bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥537m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥2.2bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥105m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥5.5bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥277m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥5.1bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥1.0bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥784m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥3.3bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥65.7bnat 2026-03-31StandaloneAssets
Total assets¥62.7bnat 2025-03-31StandaloneAssets
Total assets¥58.8bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥54.8bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥55.8bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥7.7bnat 2026-03-31StandaloneLiabilities
Total liabilities¥6.5bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥58.0bnat 2026-03-31StandaloneNet assets
Net assets / equity¥56.2bnat 2025-03-31StandaloneNet assets
Net assets / equity¥51.1bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥48.4bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥48.8bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥14.8bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥14.1bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-6.542025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥120.32024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.622023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-18.482022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-77.482021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥182025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥102024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥102023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥142022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥282021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,367.87at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,324.9at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,205.93at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,141.37at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,150.16at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio88.3%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio89.6%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio87.0%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio88.4%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio87.5%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE-0.5%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE9.5%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE2.0%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE-1.6%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE-6.4%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued42,426,739at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued42,426,739at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued42,426,739at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued42,426,739at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued42,426,739at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees650at 2026-03-31StandaloneNumber of employees
Employees688at 2025-03-31StandaloneNumber of employees
Employees718at 2024-03-31vStandaloneNumber of employees
Employees854at 2023-03-31vStandaloneNumber of employees
Employees897at 2022-03-31vStandaloneNumber 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 · 38
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-04-01 → 2026-03-31−¥28m
Reconciling Itemsreconcilingrevenue intersegment2025-04-01 → 2026-03-31−¥28m
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥0
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31¥0
Electric Systemsreportable segmentcapex2025-04-01 → 2026-03-31¥545m
Electric Systemsreportable segmentdepreciation2025-04-01 → 2026-03-31¥310m
Electric Systemsreportable segmentemployeesat 2026-03-31772 pure
Electric Systemsreportable segmentrevenue2025-04-01 → 2026-03-31¥15.4bn
Electric Systemsreportable segmentrevenue external2025-04-01 → 2026-03-31¥15.4bn
Electric Systemsreportable segmentrevenue intersegment2025-04-01 → 2026-03-31¥27m
Electric Systemsreportable segmentsegment assetsat 2026-03-31¥54.1bn
Electric Systemsreportable segmentsegment profit2025-04-01 → 2026-03-31−¥1.3bn
—segment totalcapex2025-04-01 → 2026-03-31¥1.1bn
—segment totaldepreciation2025-04-01 → 2026-03-31¥1.0bn
—segment totalrevenue2025-04-01 → 2026-03-31¥43.0bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥43.0bn
—segment totalrevenue intersegment2025-04-01 → 2026-03-31¥28m
—segment totalsegment assetsat 2026-03-31¥108.9bn
—segment totalsegment profit2025-04-01 → 2026-03-31−¥2.3bn
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥20m
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥20m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥0
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31¥0
Electric Systemsreportable segmentcapex2024-04-01 → 2025-03-31¥539m
Electric Systemsreportable segmentdepreciation2024-04-01 → 2025-03-31¥348m
Electric Systemsreportable segmentrevenue2024-04-01 → 2025-03-31¥17.5bn
Electric Systemsreportable segmentrevenue external2024-04-01 → 2025-03-31¥17.5bn
Electric Systemsreportable segmentrevenue intersegment2024-04-01 → 2025-03-31¥18m
Electric Systemsreportable segmentsegment assetsat 2025-03-31¥51.4bn
Electric Systemsreportable segmentsegment profit2024-04-01 → 2025-03-31−¥920m
—segment totalcapex2024-04-01 → 2025-03-31¥1.2bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥1.1bn
—segment totalrevenue2024-04-01 → 2025-03-31¥48.1bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥48.1bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥20m
—segment totalsegment assetsat 2025-03-31¥101.1bn
—segment totalsegment profit2024-04-01 → 2025-03-31−¥1.3bn
Electric Systemsreportable segmentemployeesat 2026-03-31165 pure

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

All source rows · 1,569
ItemContextValueUnit
Cash and cash equivalents (5-year summary)Prior3YearInstant15523000000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant21317000000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant23610000000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant28281000000JPY
Number of employeesPrior4YearInstant4006
Number of employeesPrior3YearInstant3823
Number of employeesPrior2YearInstant2997
Number of employeesPrior1YearInstant2534
Number of employeesCurrentYearInstant2384
Average number of temporary workersPrior4YearInstant102
Average number of temporary workersPrior3YearInstant157
Average number of temporary workersPrior2YearInstant155
Average number of temporary workersPrior1YearInstant157
Average number of temporary workersCurrentYearInstant154
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember29258000000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember29621000000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember25852000000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember21933000000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember18657000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-2165000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember537000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember1421000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember4734000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember206000000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-3286000000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-784000000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember1001000000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember5102000000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember-277000000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember22558000000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember22558000000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember22558000000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember22558000000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember22558000000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember42426739
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember42426739
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember42426739
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember42426739
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember42426739
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember48786000000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember48413000000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember51150000000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember56196000000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember58018000000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember55755000000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember54795000000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember58812000000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember62705000000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember65692000000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember1150.16

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 identityconsolidated 2025-03-31pass
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass