Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 153
MetricValuePeriodScopeSource row
Revenue¥172.5bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥165.3bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥155.6bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥148.2bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥137.6bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥2.5bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥2.4bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥3.5bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥3.5bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥3.4bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥3.8bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥3.4bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥4.2bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥4.1bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥2.8bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.9bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.6bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.6bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.4bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥2.8bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥2.9bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥85.0bnat 2026-03-31Cons.Assets
Total assets¥85.5bnat 2025-03-31Cons.Assets
Total assets¥80.0bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥72.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥64.4bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥48.5bnat 2026-03-31Cons.Liabilities
Total liabilities¥53.2bnat 2025-03-31Cons.Liabilities
Net assets / equity¥36.5bnat 2026-03-31Cons.Net assets
Net assets / equity¥32.3bnat 2025-03-31Cons.Net assets
Net assets / equity¥31.2bnat 2024-03-31vCons.Net assets
Net assets / equity¥28.2bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥25.9bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥5.6bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥4.8bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥5.6bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥4.8bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥5.5bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥3.4bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.3bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥4.8bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥2.5bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥3.7bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.3bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.9bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥3.5bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥7.3bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥316m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.8bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥710m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥7.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥4.1bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.3bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥618m2022-04-01 → 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)¥144.942025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥145.72024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥128.842023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥126.772022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥118.882021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (diluted)¥144.542025-04-01 → 2026-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥145.162024-04-01 → 2025-03-31Cons.Diluted earnings per share (5-year summary)
EPS (diluted)¥128.332023-04-01 → 2024-03-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥126.242022-04-01 → 2023-03-31vCons.Diluted earnings per share (5-year summary)
EPS (diluted)¥118.382021-04-01 → 2022-03-31vCons.Diluted earnings per share (5-year summary)
Net assets per share¥1,872.99at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,661.7at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,566.31at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,386.44at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,276.94at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio42.9%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio37.7%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio39.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio39.0%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio40.2%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE8.2%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE9.1%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE8.8%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE9.5%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE9.6%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees983at 2026-03-31Cons.Number of employees
Employees938at 2025-03-31Cons.Number of employees
Employees903at 2024-03-31vCons.Number of employees
Employees874at 2023-03-31vCons.Number of employees
Employees869at 2022-03-31vCons.Number of employees
Revenue¥1.6bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥1.5bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥1.5bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥1.4bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥1.3bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥100m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥108m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥71m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥189m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥220m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥461m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥389m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥856m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥847m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥840m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥760m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥758m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥484m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥580m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥30.4bnat 2026-03-31StandaloneAssets
Total assets¥31.5bnat 2025-03-31StandaloneAssets
Total assets¥25.4bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥23.0bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥23.7bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥13.2bnat 2026-03-31StandaloneLiabilities
Total liabilities¥15.4bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥17.3bnat 2026-03-31StandaloneNet assets
Net assets / equity¥16.1bnat 2025-03-31StandaloneNet assets
Net assets / equity¥17.0bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥16.3bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥16.3bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥370mat 2026-03-31StandaloneCash and deposits
Cash and deposits¥180mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥43.22025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥38.352024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥37.452023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥23.892022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥28.642021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥43.082025-04-01 → 2026-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥38.212024-04-01 → 2025-03-31StandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥37.32023-04-01 → 2024-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥23.792022-04-01 → 2023-03-31vStandaloneDiluted earnings per share (5-year summary)
EPS (diluted)¥28.532021-04-01 → 2022-03-31vStandaloneDiluted earnings per share (5-year summary)
Dividend per share¥502025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥482024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥422023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥602022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥702021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥885.37at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥828.83at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥852.48at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥801.66at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥799.79at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio56.6%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio51.0%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio66.9%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio70.6%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio68.3%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE5.0%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE4.6%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE4.6%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.0%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.6%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued21,293,052at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,293,052at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued21,293,052at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued21,293,052at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued10,646,526at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)

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 · 13
SegmentItemPeriodValue
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2025-04-01 → 2026-03-31¥2.5bn
Air Conditioning And Pumping Equipmentreportable segmentrevenue2025-04-01 → 2026-03-31¥44.0bn
Household Appliancereportable segmentrevenue2025-04-01 → 2026-03-31¥30.5bn
Plumber Equipmentreportable segmentrevenue2025-04-01 → 2026-03-31¥48.8bn
Sanitary Equipmentreportable segmentrevenue2025-04-01 → 2026-03-31¥46.7bn
—segment totalrevenue2025-04-01 → 2026-03-31¥169.9bn
Total Of Reportable Segments And Otherssegment totalemployeesat 2026-03-31918 pure
Operating Segments Not Included In Reportable Segments And Other Revenue Generating Business Activitiesother segmentsrevenue2024-04-01 → 2025-03-31¥1.4bn
Air Conditioning And Pumping Equipmentreportable segmentrevenue2024-04-01 → 2025-03-31¥40.6bn
Household Appliancereportable segmentrevenue2024-04-01 → 2025-03-31¥29.4bn
Plumber Equipmentreportable segmentrevenue2024-04-01 → 2025-03-31¥46.7bn
Sanitary Equipmentreportable segmentrevenue2024-04-01 → 2025-03-31¥47.2bn
—segment totalrevenue2024-04-01 → 2025-03-31¥163.9bn

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

All source rows · 1,824
ItemContextValueUnit
Cash and cash equivalents (5-year summary)Prior3YearInstant3396000000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant5496000000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant4810000000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant5595000000JPY
Number of employeesPrior4YearInstant869
Number of employeesPrior3YearInstant874
Number of employeesPrior2YearInstant903
Number of employeesPrior1YearInstant938
Number of employeesCurrentYearInstant983
Average number of temporary workersPrior4YearInstant144
Average number of temporary workersPrior3YearInstant151
Average number of temporary workersPrior2YearInstant170
Average number of temporary workersPrior1YearInstant202
Average number of temporary workersCurrentYearInstant197
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember1339000000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember1444000000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember1483000000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember1524000000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember1569000000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember389000000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember461000000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember220000000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember189000000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember71000000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember580000000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember484000000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember758000000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember760000000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember840000000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember542000000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember542000000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember542000000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember542000000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember542000000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember10646526
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember21293052
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember21293052
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember21293052
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember21293052
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember16253000000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember16304000000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember17013000000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember16141000000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember17261000000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember23716000000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember23031000000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember25358000000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember31538000000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember30439000000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember799.79

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 rounding
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass rounding
balance sheet identitynon_consolidated 2026-03-31pass
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