Annual report

Period2024-04-01 → 2025-03-31
Filed2025-06-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥27.1bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥26.2bn2023-04-01 → 2024-03-31Cons.Net sales
Revenue¥26.7bn2022-04-01 → 2023-03-31dCons.Net sales (5-year summary)
Revenue¥24.2bn2021-04-01 → 2022-03-31dCons.Net sales (5-year summary)
Revenue¥21.6bn2020-04-01 → 2021-03-31dCons.Net sales (5-year summary)
Operating income¥464m2024-04-01 → 2025-03-31Cons.Operating income
Operating income¥382m2023-04-01 → 2024-03-31Cons.Operating income
Ordinary income¥587m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥503m2023-04-01 → 2024-03-31Cons.Ordinary income
Ordinary income¥472m2022-04-01 → 2023-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥319m2021-04-01 → 2022-03-31dCons.Ordinary income loss (5-year summary)
Ordinary income¥184m2020-04-01 → 2021-03-31dCons.Ordinary income loss (5-year summary)
Profit before tax¥941m2024-04-01 → 2025-03-31Cons.Income before income taxes
Profit before tax¥409m2023-04-01 → 2024-03-31Cons.Income before income taxes
Net income (owners)¥629m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥347m2023-04-01 → 2024-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥304m2022-04-01 → 2023-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥63m2021-04-01 → 2022-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥76m2020-04-01 → 2021-03-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥629m2024-04-01 → 2025-03-31Cons.Profit loss
Net income¥341m2023-04-01 → 2024-03-31Cons.Profit loss
Total assets¥16.2bnat 2025-03-31Cons.Assets
Total assets¥17.9bnat 2024-03-31Cons.Assets
Total assets¥16.4bnat 2023-03-31dCons.Total assets (5-year summary)
Total assets¥15.7bnat 2022-03-31dCons.Total assets (5-year summary)
Total assets¥15.5bnat 2021-03-31dCons.Total assets (5-year summary)
Total liabilities¥7.5bnat 2025-03-31Cons.Liabilities
Total liabilities¥7.7bnat 2024-03-31Cons.Liabilities
Net assets / equity¥8.7bnat 2025-03-31Cons.Net assets
Net assets / equity¥10.2bnat 2024-03-31Cons.Net assets
Net assets / equity¥9.3bnat 2023-03-31dCons.Net assets
Net assets / equity¥9.0bnat 2022-03-31dCons.Net assets (5-year summary)
Net assets / equity¥9.5bnat 2021-03-31dCons.Net assets (5-year summary)
Cash and deposits¥1.5bnat 2025-03-31Cons.Cash and deposits
Cash and deposits¥2.5bnat 2024-03-31Cons.Cash and deposits
Cash & equivalents¥1.4bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥2.4bnat 2024-03-31Cons.Cash and cash equivalents
Cash & equivalents¥1.6bnat 2023-03-31dCons.Cash and cash equivalents
Cash & equivalents¥1.1bnat 2022-03-31dCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.7bnat 2021-03-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥666m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.2bn2023-04-01 → 2024-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥608m2022-04-01 → 2023-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥502m2021-04-01 → 2022-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥925m2020-04-01 → 2021-03-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥847m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥207m2023-04-01 → 2024-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥152m2022-04-01 → 2023-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥131m2021-04-01 → 2022-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥203m2020-04-01 → 2021-03-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥147m2023-04-01 → 2024-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥82m2022-04-01 → 2023-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥144m2021-04-01 → 2022-03-31dCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥200m2020-04-01 → 2021-03-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥497.662024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥259.882023-04-01 → 2024-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥227.632022-04-01 → 2023-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥46.852021-04-01 → 2022-03-31dCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥57.232020-04-01 → 2021-03-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥9,479.12at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥7,616.53at 2024-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥6,978.82at 2023-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥6,743.5at 2022-03-31dCons.Net assets per share (5-year summary)
Net assets per share¥7,107.04at 2021-03-31dCons.Net assets per share (5-year summary)
Equity ratio53.9%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio56.9%at 2024-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio56.8%at 2023-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio57.4%at 2022-03-31dCons.Equity to asset ratio (5-year summary)
Equity ratio61.3%at 2021-03-31dCons.Equity to asset ratio (5-year summary)
ROE6.7%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE3.6%2023-04-01 → 2024-03-31Cons.Rate of return on equity (5-year summary)
ROE3.3%2022-04-01 → 2023-03-31dCons.Rate of return on equity (5-year summary)
ROE0.7%2021-04-01 → 2022-03-31dCons.Rate of return on equity (5-year summary)
ROE0.8%2020-04-01 → 2021-03-31dCons.Rate of return on equity (5-year summary)
Employees138at 2025-03-31Cons.Number of employees
Employees135at 2024-03-31Cons.Number of employees
Employees169at 2023-03-31dCons.Number of employees
Employees169at 2022-03-31dCons.Number of employees
Employees172at 2021-03-31dCons.Number of employees
Revenue¥25.1bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥24.3bn2023-04-01 → 2024-03-31StandaloneNet sales
Revenue¥25.0bn2022-04-01 → 2023-03-31dStandaloneNet sales (5-year summary)
Revenue¥22.8bn2021-04-01 → 2022-03-31dStandaloneNet sales (5-year summary)
Revenue¥20.5bn2020-04-01 → 2021-03-31dStandaloneNet sales (5-year summary)
Operating income¥433m2024-04-01 → 2025-03-31StandaloneOperating income
Operating income¥364m2023-04-01 → 2024-03-31StandaloneOperating income
Ordinary income¥595m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥520m2023-04-01 → 2024-03-31StandaloneOrdinary income
Ordinary income¥525m2022-04-01 → 2023-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥160m2021-04-01 → 2022-03-31dStandaloneOrdinary income loss (5-year summary)
Ordinary income¥234m2020-04-01 → 2021-03-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax¥949m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Profit before tax¥368m2023-04-01 → 2024-03-31StandaloneIncome before income taxes
Net income¥663m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥321m2023-04-01 → 2024-03-31StandaloneProfit loss
Net income¥136m2022-04-01 → 2023-03-31dStandaloneNet income loss (5-year summary)
Net income¥85m2021-04-01 → 2022-03-31dStandaloneNet income loss (5-year summary)
Net income¥121m2020-04-01 → 2021-03-31dStandaloneNet income loss (5-year summary)
Total assets¥15.6bnat 2025-03-31StandaloneAssets
Total assets¥17.4bnat 2024-03-31StandaloneAssets
Total assets¥15.7bnat 2023-03-31dStandaloneTotal assets (5-year summary)
Total assets¥15.4bnat 2022-03-31dStandaloneTotal assets (5-year summary)
Total assets¥15.3bnat 2021-03-31dStandaloneTotal assets (5-year summary)
Total liabilities¥7.2bnat 2025-03-31StandaloneLiabilities
Total liabilities¥7.6bnat 2024-03-31StandaloneLiabilities
Net assets / equity¥8.4bnat 2025-03-31StandaloneNet assets
Net assets / equity¥9.9bnat 2024-03-31StandaloneNet assets
Net assets / equity¥9.1bnat 2023-03-31dStandaloneNet assets
Net assets / equity¥9.0bnat 2022-03-31dStandaloneNet assets (5-year summary)
Net assets / equity¥9.5bnat 2021-03-31dStandaloneNet assets (5-year summary)
Cash and deposits¥700mat 2025-03-31StandaloneCash and deposits
Cash and deposits¥2.0bnat 2024-03-31StandaloneCash and deposits
EPS (basic)¥524.422024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥240.782023-04-01 → 2024-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥101.652022-04-01 → 2023-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥63.92021-04-01 → 2022-03-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥90.852020-04-01 → 2021-03-31dStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥902024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥902023-04-01 → 2024-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥902022-04-01 → 2023-03-31dStandaloneDividend paid per share (5-year summary)
Dividend per share¥852021-04-01 → 2022-03-31dStandaloneDividend paid per share (5-year summary)
Dividend per share¥852020-04-01 → 2021-03-31dStandaloneDividend paid per share (5-year summary)
Net assets per share¥9,130.33at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥7,395.61at 2024-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥6,806.38at 2023-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥6,737.58at 2022-03-31dStandaloneNet assets per share (5-year summary)
Net assets per share¥7,108.69at 2021-03-31dStandaloneNet assets per share (5-year summary)
Equity ratio53.7%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio56.6%at 2024-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio57.7%at 2023-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio58.5%at 2022-03-31dStandaloneEquity to asset ratio (5-year summary)
Equity ratio62.2%at 2021-03-31dStandaloneEquity to asset ratio (5-year summary)
ROE7.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE3.4%2023-04-01 → 2024-03-31StandaloneRate of return on equity (5-year summary)
ROE1.5%2022-04-01 → 2023-03-31dStandaloneRate of return on equity (5-year summary)
ROE0.9%2021-04-01 → 2022-03-31dStandaloneRate of return on equity (5-year summary)
ROE1.3%2020-04-01 → 2021-03-31dStandaloneRate of return on equity (5-year summary)
Shares issued1,145,500at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2024-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2023-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2022-03-31dStandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2021-03-31dStandaloneTotal number of issued shares (5-year summary)
Employees90at 2025-03-31StandaloneNumber of employees
Employees88at 2024-03-31StandaloneNumber of employees
Employees87at 2023-03-31dStandaloneNumber of employees
Employees92at 2022-03-31dStandaloneNumber of employees
Employees95at 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 · 24
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥230m
Building Materialsreportable segmentemployeesat 2025-03-3151 pure
Building Materialsreportable segmentrevenue2024-04-01 → 2025-03-31¥4.3bn
Building Materialsreportable segmentrevenue external2024-04-01 → 2025-03-31¥4.3bn
Building Materialsreportable segmentsegment profit2024-04-01 → 2025-03-31¥210m
Sciencereportable segmentemployeesat 2025-03-3177 pure
Sciencereportable segmentrevenue2024-04-01 → 2025-03-31¥22.8bn
Sciencereportable segmentrevenue external2024-04-01 → 2025-03-31¥22.8bn
Sciencereportable segmentsegment profit2024-04-01 → 2025-03-31¥484m
—segment totalrevenue2024-04-01 → 2025-03-31¥27.1bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥27.1bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥694m
Reconciling Itemsreconcilingsegment profit2023-04-01 → 2024-03-31−¥220m
Building Materialsreportable segmentrevenue2023-04-01 → 2024-03-31¥5.3bn
Building Materialsreportable segmentrevenue external2023-04-01 → 2024-03-31¥5.3bn
Building Materialsreportable segmentsegment profit2023-04-01 → 2024-03-31¥182m
Sciencereportable segmentrevenue2023-04-01 → 2024-03-31¥21.0bn
Sciencereportable segmentrevenue external2023-04-01 → 2024-03-31¥21.0bn
Sciencereportable segmentsegment profit2023-04-01 → 2024-03-31¥420m
—segment totalrevenue2023-04-01 → 2024-03-31¥26.2bn
—segment totalrevenue external2023-04-01 → 2024-03-31¥26.2bn
—segment totalsegment profit2023-04-01 → 2024-03-31¥602m
Building Materialsreportable segmentemployeesat 2025-03-3115 pure
Sciencereportable segmentemployeesat 2025-03-3165 pure

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

All source rows · 1,788
ItemContextValueUnit
Total assets (5-year summary)Prior3YearInstant15672585000JPY
Total assets (5-year summary)Prior2YearInstant16404710000JPY
Total assets (5-year summary)Prior1YearInstant17865276000JPY
Total assets (5-year summary)CurrentYearInstant16178340000JPY
Net assets per share (5-year summary)Prior4YearInstant7107.04
Net assets per share (5-year summary)Prior3YearInstant6743.50
Net assets per share (5-year summary)Prior2YearInstant6978.82
Net assets per share (5-year summary)Prior1YearInstant7616.53
Net assets per share (5-year summary)CurrentYearInstant9479.12
Basic earnings loss per share (5-year summary)Prior4YearDuration57.23
Basic earnings loss per share (5-year summary)Prior3YearDuration46.85
Basic earnings loss per share (5-year summary)Prior2YearDuration227.63
Basic earnings loss per share (5-year summary)Prior1YearDuration259.88
Basic earnings loss per share (5-year summary)CurrentYearDuration497.66
Diluted earnings per share (5-year summary)Prior4YearDuration-
Diluted earnings per share (5-year summary)Prior3YearDuration-
Diluted earnings per share (5-year summary)Prior2YearDuration-
Diluted earnings per share (5-year summary)Prior1YearDuration-
Diluted earnings per share (5-year summary)CurrentYearDuration-
Equity to asset ratio (5-year summary)Prior4YearInstant0.613
Equity to asset ratio (5-year summary)Prior3YearInstant0.574
Equity to asset ratio (5-year summary)Prior2YearInstant0.568
Equity to asset ratio (5-year summary)Prior1YearInstant0.569
Equity to asset ratio (5-year summary)CurrentYearInstant0.539
Rate of return on equity (5-year summary)Prior4YearDuration0.008
Rate of return on equity (5-year summary)Prior3YearDuration0.007
Rate of return on equity (5-year summary)Prior2YearDuration0.033
Rate of return on equity (5-year summary)Prior1YearDuration0.036
Rate of return on equity (5-year summary)CurrentYearDuration0.067
Price earnings ratio (5-year summary)Prior4YearDuration49.82
Price earnings ratio (5-year summary)Prior3YearDuration70.44
Price earnings ratio (5-year summary)Prior2YearDuration15.97
Price earnings ratio (5-year summary)Prior1YearDuration12.49
Price earnings ratio (5-year summary)CurrentYearDuration6.78
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration925143000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration-502108000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration607667000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration1188251000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration-666345000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration-202598000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration131219000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration-151787000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-206779000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration846895000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration-200066000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration-144315000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration-82480000JPY
Net cash provided by used in financing activities (5-year summary)Prior1YearDuration-147114000JPY
Net cash provided by used in financing activities (5-year summary)CurrentYearDuration-1219464000JPY
Cash and cash equivalents (5-year summary)Prior4YearInstant1651584000JPY

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
balance sheet identityconsolidated 2025-03-31pass
balance sheet identitynon_consolidated 2024-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass rounding
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