Annual report

Period2024-04-01 → 2025-03-31
Filed2025-06-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 146
MetricValuePeriodScopeSource row
Revenue¥122.7bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥150.7bn2023-04-01 → 2024-03-31Cons.Net sales
Revenue¥161.9bn2022-04-01 → 2023-03-31dCons.Net sales (5-year summary)
Revenue¥140.3bn2021-04-01 → 2022-03-31dCons.Net sales (5-year summary)
Revenue¥110.8bn2020-04-01 → 2021-03-31dCons.Net sales (5-year summary)
Operating income¥3.7bn2024-04-01 → 2025-03-31Cons.Operating income
Operating income¥9.4bn2023-04-01 → 2024-03-31Cons.Operating income
Ordinary income¥1.6bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥7.9bn2023-04-01 → 2024-03-31Cons.Ordinary income
Ordinary income¥11.0bn2022-04-01 → 2023-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥8.0bn2021-04-01 → 2022-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥2.1bn2020-04-01 → 2021-03-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥564m2024-04-01 → 2025-03-31Cons.Income before income taxes
Profit before tax−¥19.0bn2023-04-01 → 2024-03-31Cons.Income before income taxes
Net income (owners)¥37m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥21.3bn2023-04-01 → 2024-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.3bn2022-04-01 → 2023-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥12.1bn2021-04-01 → 2022-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.0bn2020-04-01 → 2021-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥65m2024-04-01 → 2025-03-31Cons.Profit loss
Net income−¥21.3bn2023-04-01 → 2024-03-31Cons.Profit loss
Total assets¥162.7bnat 2025-03-31Cons.Assets
Total assets¥172.9bnat 2024-03-31Cons.Assets
Total assets¥162.7bnat 2023-03-31dCons.Total assets (5-year summary)
Total assets¥156.1bnat 2022-03-31dCons.Total assets (5-year summary)
Total assets¥139.4bnat 2021-03-31dCons.Total assets (5-year summary)
Total liabilities¥106.0bnat 2025-03-31Cons.Liabilities
Total liabilities¥119.3bnat 2024-03-31Cons.Liabilities
Net assets / equity¥56.7bnat 2025-03-31Cons.Net assets
Net assets / equity¥53.6bnat 2024-03-31Cons.Net assets
Net assets / equity¥50.7bnat 2023-03-31dCons.Net assets
Net assets / equity¥44.7bnat 2022-03-31dCons.Net assets (5-year summary)
Net assets / equity¥51.9bnat 2021-03-31dCons.Net assets (5-year summary)
Cash and deposits¥23.9bnat 2025-03-31Cons.Cash and deposits
Cash and deposits¥45.3bnat 2024-03-31Cons.Cash and deposits
Cash & equivalents¥23.9bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥45.3bnat 2024-03-31Cons.Cash and cash equivalents
Cash & equivalents¥26.1bnat 2023-03-31dCons.Cash and cash equivalents
Cash & equivalents¥24.8bnat 2022-03-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥23.7bnat 2021-03-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥493m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥13.0bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥4.9bn2022-04-01 → 2023-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥5.1bn2021-04-01 → 2022-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.1bn2020-04-01 → 2021-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥9.8bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥4.8bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥6.8bn2022-04-01 → 2023-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥5.2bn2021-04-01 → 2022-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3.0bn2020-04-01 → 2021-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥11.9bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥35.4bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥12.0bn2022-04-01 → 2023-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥218m2021-04-01 → 2022-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥3.5bn2020-04-01 → 2021-03-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥1.752024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-1,029.152023-04-01 → 2024-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥112.092022-04-01 → 2023-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-597.882021-04-01 → 2022-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥114.762020-04-01 → 2021-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥0.952024-04-01 → 2025-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥114.632020-04-01 → 2021-03-31dCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,902.11at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,776.97at 2024-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥2,478.43at 2023-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥2,190.33at 2022-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥2,544.62at 2021-03-31dCons.Net assets per share (5-year summary)
Equity ratio34.5%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio30.7%at 2024-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio30.9%at 2023-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio28.4%at 2022-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio37.0%at 2021-03-31dCons.Equity to asset ratio (5-year summary)
ROE0.1%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-41.2%2023-04-01 → 2024-03-31Cons.Rate of return on equity (5-year summary)
ROE4.8%2022-04-01 → 2023-03-31dCons.Rate of return on equity (5-year summary)
ROE-25.3%2021-04-01 → 2022-03-31dCons.Rate of return on equity (5-year summary)
ROE4.5%2020-04-01 → 2021-03-31dCons.Rate of return on equity (5-year summary)
Employees5,551at 2025-03-31Cons.Number of employees
Employees5,796at 2024-03-31Cons.Number of employees
Employees6,045at 2023-03-31dCons.Number of employees
Employees6,197at 2022-03-31dCons.Number of employees
Employees6,228at 2021-03-31dCons.Number of employees
Revenue¥113.4bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥123.3bn2023-04-01 → 2024-03-31StandaloneNet sales
Revenue¥143.2bn2022-04-01 → 2023-03-31dStandaloneNet sales (5-year summary)
Revenue¥124.1bn2021-04-01 → 2022-03-31dStandaloneNet sales (5-year summary)
Revenue¥101.2bn2020-04-01 → 2021-03-31dStandaloneNet sales (5-year summary)
Operating income¥2.6bn2024-04-01 → 2025-03-31StandaloneOperating income
Operating income¥5.3bn2023-04-01 → 2024-03-31StandaloneOperating income
Ordinary income¥477m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥6.4bn2023-04-01 → 2024-03-31StandaloneOrdinary income
Ordinary income¥6.6bn2022-04-01 → 2023-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.8bn2021-04-01 → 2022-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥979m2020-04-01 → 2021-03-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥497m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Profit before tax−¥20.6bn2023-04-01 → 2024-03-31StandaloneIncome before income taxes
Net income−¥821m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥20.7bn2023-04-01 → 2024-03-31StandaloneProfit loss
Net income¥113m2022-04-01 → 2023-03-31dStandaloneNet income loss (5-year summary)
Net income−¥14.2bn2021-04-01 → 2022-03-31dStandaloneNet income loss (5-year summary)
Net income¥1.0bn2020-04-01 → 2021-03-31dStandaloneNet income loss (5-year summary)
Total assets¥135.4bnat 2025-03-31StandaloneAssets
Total assets¥149.9bnat 2024-03-31StandaloneAssets
Total assets¥145.2bnat 2023-03-31dStandaloneTotal assets (5-year summary)
Total assets¥138.9bnat 2022-03-31dStandaloneTotal assets (5-year summary)
Total assets¥129.0bnat 2021-03-31dStandaloneTotal assets (5-year summary)
Total liabilities¥111.0bnat 2025-03-31StandaloneLiabilities
Total liabilities¥124.6bnat 2024-03-31StandaloneLiabilities
Net assets / equity¥24.4bnat 2025-03-31StandaloneNet assets
Net assets / equity¥25.3bnat 2024-03-31StandaloneNet assets
Net assets / equity¥29.9bnat 2023-03-31dStandaloneNet assets
Net assets / equity¥29.3bnat 2022-03-31dStandaloneNet assets (5-year summary)
Net assets / equity¥43.3bnat 2021-03-31dStandaloneNet assets (5-year summary)
Cash and deposits¥7.9bnat 2025-03-31StandaloneCash and deposits
Cash and deposits¥25.9bnat 2024-03-31StandaloneCash and deposits
EPS (basic)¥-37.512024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-990.742023-04-01 → 2024-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥5.62022-04-01 → 2023-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-699.052021-04-01 → 2022-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥56.392020-04-01 → 2021-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥56.322020-04-01 → 2021-03-31dStandaloneDiluted earnings per share (5-year summary)
Net assets per share¥403.05at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥465.73at 2024-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,473.77at 2023-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥1,447.21at 2022-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥2,137.05at 2021-03-31dStandaloneNet assets per share (5-year summary)
Equity ratio18.0%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio16.9%at 2024-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio20.6%at 2023-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio21.1%at 2022-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio33.6%at 2021-03-31dStandaloneEquity to asset ratio (5-year summary)
ROE-3.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE-75.0%2023-04-01 → 2024-03-31StandaloneRate of return on equity (5-year summary)
ROE0.4%2022-04-01 → 2023-03-31dStandaloneRate of return on equity (5-year summary)
ROE-39.0%2021-04-01 → 2022-03-31dStandaloneRate of return on equity (5-year summary)
ROE2.5%2020-04-01 → 2021-03-31dStandaloneRate of return on equity (5-year summary)
Shares issued21,939,933at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,939,933at 2024-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued20,314,833at 2023-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued20,314,833at 2022-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued20,314,833at 2021-03-31dStandaloneTotal number of issued shares (5-year summary)
Employees895at 2025-03-31StandaloneNumber of employees
Employees941at 2024-03-31StandaloneNumber of employees
Employees949at 2023-03-31dStandaloneNumber of employees
Employees973at 2022-03-31dStandaloneNumber of employees
Employees979at 2021-03-31dStandaloneNumber 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 · 22
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2024-04-01 → 2025-03-31¥49m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsdepreciation2024-04-01 → 2025-03-31¥145m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-04-01 → 2025-03-31¥4.7bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2024-04-01 → 2025-03-31¥4.7bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2024-04-01 → 2025-03-31¥438m
CONDENSERreportable segmentcapex2024-04-01 → 2025-03-31¥7.6bn
CONDENSERreportable segmentdepreciation2024-04-01 → 2025-03-31¥6.9bn
CONDENSERreportable segmentemployeesat 2025-03-315420 pure
CONDENSERreportable segmentrevenue2024-04-01 → 2025-03-31¥118.0bn
CONDENSERreportable segmentrevenue external2024-04-01 → 2025-03-31¥118.0bn
CONDENSERreportable segmentsegment profit2024-04-01 → 2025-03-31¥3.3bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentscapex2023-04-01 → 2024-03-31¥138m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsdepreciation2023-04-01 → 2024-03-31¥99m
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2023-04-01 → 2024-03-31¥5.0bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue external2023-04-01 → 2024-03-31¥5.0bn
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentssegment profit2023-04-01 → 2024-03-31¥597m
CONDENSERreportable segmentcapex2023-04-01 → 2024-03-31¥11.1bn
CONDENSERreportable segmentdepreciation2023-04-01 → 2024-03-31¥6.7bn
CONDENSERreportable segmentrevenue2023-04-01 → 2024-03-31¥145.7bn
CONDENSERreportable segmentrevenue external2023-04-01 → 2024-03-31¥145.7bn
CONDENSERreportable segmentsegment profit2023-04-01 → 2024-03-31¥8.8bn
CONDENSERreportable segmentemployeesat 2025-03-31874 pure

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

All source rows · 1,554
ItemContextValueUnit
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Number of employeesPrior4YearInstant_NonConsolidatedMember979
Number of employeesPrior3YearInstant_NonConsolidatedMember973
Number of employeesPrior2YearInstant_NonConsolidatedMember949
Number of employeesPrior1YearInstant_NonConsolidatedMember941
Number of employeesCurrentYearInstant_NonConsolidatedMember895
Total shareholder returnPrior4YearInstant_NonConsolidatedMember1.633
Total shareholder returnPrior3YearInstant_NonConsolidatedMember1.592
Total shareholder returnPrior2YearInstant_NonConsolidatedMember1.768
Total shareholder returnPrior1YearInstant_NonConsolidatedMember1.225
Total shareholder returnCurrentYearInstant_NonConsolidatedMember0.758
Total return on share price indexPrior4YearInstant_NonConsolidatedMember1.431
Total return on share price indexPrior3YearInstant_NonConsolidatedMember1.835
Total return on share price indexPrior2YearInstant_NonConsolidatedMember2.210
Total return on share price indexPrior1YearInstant_NonConsolidatedMember2.168
Total return on share price indexCurrentYearInstant_NonConsolidatedMember2.134
Number of employeesCurrentYearInstant_jpcrp030000-asr_E01926-000CONDENSERReportableSegmentsMember5420
Number of employeesCurrentYearInstant_OtherOperatingSegmentsAxisMember131
Number of employeesCurrentYearInstant5551
Number of employeesCurrentYearInstant_NonConsolidatedMember895
Average age years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember41.1
Average length of service years information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember17.3
Average annual salary information about reporting company information about employeesCurrentYearInstant_NonConsolidatedMember5868000JPY
Number of employeesCurrentYearInstant_NonConsolidatedMember_jpcrp030000-asr_E01926-000CONDENSERReportableSegmentsMember874
Number of employeesCurrentYearInstant_NonConsolidatedMember_OtherOperatingSegmentsAxisMember21
Number of employeesCurrentYearInstant_NonConsolidatedMember895
Ratio of female employees in managerial positions metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.029
All employees calculated based on provisions of article714 item1 of ordinance for enforcement of act on childcare leave caregiver leave and other measures for the welfare of workers caring for children or other family members ratio of male employees taking childcare leave metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.476
All employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.749
Regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.743
Non regular employees differences in wages between male and female employees metrics of reporting companyCurrentYearInstant_NonConsolidatedMember0.959
Ratio of female employees in managerial positions metrics of consolidated subsidiariesCurrentYearInstant_Row1Member-
All employees ratio of male employees taking childcare leave metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.166
All employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.834
Regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.825
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row1Member0.971
Ratio of female employees in managerial positions metrics of consolidated subsidiariesCurrentYearInstant_Row2Member0.200
All employees ratio of male employees taking childcare leave metrics of consolidated subsidiariesCurrentYearInstant_Row2Member-
All employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row2Member0.695
Regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row2Member0.727
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row2Member0.881
Ratio of female employees in managerial positions metrics of consolidated subsidiariesCurrentYearInstant_Row3Member-
All employees ratio of male employees taking childcare leave metrics of consolidated subsidiariesCurrentYearInstant_Row3Member0.667
All employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row3Member0.846
Regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row3Member0.861
Non regular employees differences in wages between male and female employees metrics of consolidated subsidiariesCurrentYearInstant_Row3Member0.853
Targets description of metrics related to policy on development of human resources and internal environment and targets and performance using such metricsCurrentYearInstant_Row1Member20.0

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 2024-03-31pass rounding
balance sheet identityconsolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2024-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2023-03-31pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2023-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2023-04-01/2024-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2023-04-01/2024-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2023-04-01/2024-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2023-04-01/2024-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · total assetsconsolidated 2024-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2024-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass