Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-23
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥27.2bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥27.1bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥26.2bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥26.7bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥24.2bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥513m2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥464m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥629m2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥587m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥503m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥472m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥319m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.1bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥941m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥752m2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥629m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥347m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥304m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥63m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥752m2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥629m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥15.4bnat 2026-03-31Cons.Assets
Total assets¥16.2bnat 2025-03-31Cons.Assets
Total assets¥17.9bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥16.4bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥15.7bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥6.2bnat 2026-03-31Cons.Liabilities
Total liabilities¥7.5bnat 2025-03-31Cons.Liabilities
Net assets / equity¥9.2bnat 2026-03-31Cons.Net assets
Net assets / equity¥8.7bnat 2025-03-31Cons.Net assets
Net assets / equity¥10.2bnat 2024-03-31vCons.Net assets
Net assets / equity¥9.3bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥9.0bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥2.5bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥1.5bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥2.5bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥1.4bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥2.4bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥1.6bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥1.1bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥1.1bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥666m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥608m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥502m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥797m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow¥847m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥207m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥152m2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥131m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥885m2025-04-01 → 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−¥147m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥82m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥144m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥836.792025-04-01 → 2026-03-31Cons.Basic earnings loss per share (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 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥227.632022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥46.852021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥10,214.08at 2026-03-31Cons.Net assets 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 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥6,978.82at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥6,743.5at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio59.6%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio53.9%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio56.9%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio56.8%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio57.4%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE8.4%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE6.7%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE3.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE3.3%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE0.7%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees135at 2026-03-31Cons.Number of employees
Employees138at 2025-03-31Cons.Number of employees
Employees135at 2024-03-31vCons.Number of employees
Employees169at 2023-03-31vCons.Number of employees
Employees169at 2022-03-31vCons.Number of employees
Revenue¥24.5bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥25.1bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥24.3bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥25.0bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥22.8bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥424m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥433m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥549m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥595m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥520m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥525m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥160m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥982m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥949m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥691m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥663m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥321m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥136m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥85m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥14.8bnat 2026-03-31StandaloneAssets
Total assets¥15.6bnat 2025-03-31StandaloneAssets
Total assets¥17.4bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥15.7bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥15.4bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥6.0bnat 2026-03-31StandaloneLiabilities
Total liabilities¥7.2bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥8.8bnat 2026-03-31StandaloneNet assets
Net assets / equity¥8.4bnat 2025-03-31StandaloneNet assets
Net assets / equity¥9.9bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥9.1bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥9.0bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥1.7bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥700mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥768.482025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥524.422024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥240.782023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥101.652022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥63.92021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥1002025-04-01 → 2026-03-31StandaloneDividend paid 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 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥902022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥852021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥9,803.29at 2026-03-31StandaloneNet assets 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 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥6,806.38at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥6,737.58at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio59.6%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio53.7%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio56.6%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio57.7%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio58.5%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE8.0%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE7.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE3.4%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE1.5%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE0.9%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued1,145,500at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,145,500at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued1,560,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees90at 2026-03-31StandaloneNumber of employees
Employees90at 2025-03-31StandaloneNumber of employees
Employees88at 2024-03-31vStandaloneNumber of employees
Employees87at 2023-03-31vStandaloneNumber of employees
Employees92at 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 · 24
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31−¥214m
Building Materialsreportable segmentemployeesat 2026-03-3147 pure
Building Materialsreportable segmentrevenue2025-04-01 → 2026-03-31¥3.7bn
Building Materialsreportable segmentrevenue external2025-04-01 → 2026-03-31¥3.7bn
Building Materialsreportable segmentsegment profit2025-04-01 → 2026-03-31¥110m
Sciencereportable segmentemployeesat 2026-03-3177 pure
Sciencereportable segmentrevenue2025-04-01 → 2026-03-31¥23.5bn
Sciencereportable segmentrevenue external2025-04-01 → 2026-03-31¥23.5bn
Sciencereportable segmentsegment profit2025-04-01 → 2026-03-31¥617m
—segment totalrevenue2025-04-01 → 2026-03-31¥27.2bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥27.2bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥727m
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31−¥230m
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 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
Building Materialsreportable segmentemployeesat 2026-03-3114 pure
Sciencereportable segmentemployeesat 2026-03-3165 pure

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

All source rows · 1,719
ItemContextValueUnit
Net changes of items other than shareholders equityCurrentYearDuration_NonControllingInterestsMember-JPY
Net changes of items other than shareholders equityCurrentYearDuration-124332000JPY
Total changes of items during the periodCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-110566000JPY
Total changes of items during the periodCurrentYearDuration_RevaluationReserveForLandMember-JPY
Total changes of items during the periodCurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember-13765000JPY
Total changes of items during the periodCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-124332000JPY
Total changes of items during the periodCurrentYearDuration_NonControllingInterestsMember-JPY
Total changes of items during the periodCurrentYearDuration481816000JPY
Net assetsCurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember1244595000JPY
Net assetsCurrentYearInstant_RevaluationReserveForLandMember32739000JPY
Net assetsCurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember177201000JPY
Net assetsCurrentYearInstant_ValuationAndTranslationAdjustmentsMember1454536000JPY
Net assetsCurrentYearInstant_NonControllingInterestsMember-JPY
Net assetsCurrentYearInstant9193913000JPY
Income before income taxesPrior1YearDuration941047000JPY
Income before income taxesCurrentYearDuration1069392000JPY
Depreciation and amortization ope cfPrior1YearDuration107077000JPY
Depreciation and amortization ope cfCurrentYearDuration99291000JPY
Increase decrease in provision for bonuses ope cfPrior1YearDuration5722000JPY
Increase decrease in provision for bonuses ope cfCurrentYearDuration5211000JPY
Increase decrease in provision for directors bonuses ope cfPrior1YearDuration-JPY
Increase decrease in provision for directors bonuses ope cfCurrentYearDuration-135000JPY
Increase decrease in net defined benefit liability ope cfPrior1YearDuration-8032000JPY
Increase decrease in net defined benefit liability ope cfCurrentYearDuration-11893000JPY
Increase decrease in provision for directors retirement benefits ope cfPrior1YearDuration8374000JPY
Increase decrease in provision for directors retirement benefits ope cfCurrentYearDuration-341116000JPY
Interest and dividends income ope cfPrior1YearDuration-116349000JPY
Interest and dividends income ope cfCurrentYearDuration-98265000JPY
Interest expenses ope cfPrior1YearDuration2161000JPY
Interest expenses ope cfCurrentYearDuration2891000JPY
Equity in earnings losses of affiliates ope cfPrior1YearDuration17977000JPY
Equity in earnings losses of affiliates ope cfCurrentYearDuration210000JPY
Loss gain on sales and retirement of noncurrent assets ope cfPrior1YearDuration4034000JPY
Loss gain on sales and retirement of noncurrent assets ope cfCurrentYearDuration-JPY
Loss gain on sales of investment securities ope cfPrior1YearDuration-362675000JPY
Loss gain on sales of investment securities ope cfCurrentYearDuration-400292000JPY
Loss gain on liquidation of subsidiaries and affiliates ope cfPrior1YearDuration-JPY
Loss gain on liquidation of subsidiaries and affiliates ope cfCurrentYearDuration-40156000JPY
Loss on closing of business office ope cfPrior1YearDuration4858000JPY
Loss on closing of business office ope cfCurrentYearDuration-JPY
Decrease increase in notes and accounts receivable trade ope cfPrior1YearDuration-56668000JPY
Decrease increase in notes and accounts receivable trade ope cfCurrentYearDuration1122641000JPY
Decrease increase in inventories ope cfPrior1YearDuration-132397000JPY
Decrease increase in inventories ope cfCurrentYearDuration119802000JPY
Decrease increase in other assets ope cfPrior1YearDuration-44414000JPY
Decrease increase in other assets ope cfCurrentYearDuration-89872000JPY
Increase decrease in notes and accounts payable trade ope cfPrior1YearDuration-1144675000JPY
Increase decrease in notes and accounts payable trade ope cfCurrentYearDuration-334362000JPY
Increase decrease in long term accounts payable other ope cfPrior1YearDuration-JPY
Increase decrease in long term accounts payable other ope cfCurrentYearDuration318990000JPY

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 rounding
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