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Performance Highlights

Performance Highlights

Net Sales (Consolidated)

Operating Income

(Unit: millions of yen)

'03/2021 '03/2022 '03/2023 '03/2024 '03/2025
Net sales 67,520 85,703 87,771 80,192 72,918
Operating income 3,492 6,696 5,045 3,255 316
Operating profit on sales 5.2% 7.8% 5.7% 4.1% 0.4%

Sales/Operating Income by Segment

Sales/Operating Income by Segment

'03/2025(Unit: millions of yen)

Profit/Loss by Segment Musical instrument education business Material processing business Other business
Net sales 58,379 9,729 4,809
Operating income -701 859 236
Operating income ratio -1.2% 8.8% 4.9%
Musical instrument education business
Pianos, digital instruments, wind, string and percussion instruments, musical instrument accessories, musical instrument toys, musical instrument tuning and repairs
Music and physical education classes, teaching material sales, musical score, music education software, pig iron casting production
Material processing business
Metal material processing for electronic and electrical components, material processing for automotive components, soundproofed rooms, acoustic components
Other business
Sales and maintenance of IT equipment, sales of computer software
Finance-related business, insurance agency business, others

Net Sales by Region (Consolidated)

Net Sales by Region (Consolidated)

(Unit: millions of yen)

03/2021 03/2022 03/2023 03/2024 03/2025 Overseas ratio By overseas region
Japan 39,846 48,260 47,160 45,893 45,126 61.9%
Overseas 27,674 37,441 40,610 34,299 27,792 38.1%
North America 6,109 7,590 10,826 9,425 6,907 9.5% 24.9%
Europe 8,489 10,046 10,519 9,555 10,652 14.6% 38.3%
China 10,399 16,009 14,389 10,852 6,235 8.6% 22.4%
Others 2,675 3,796 4,875 4,466 3,995 5.5% 14.4%
Total 67,520 85,703 87,771 80,192 72,918

Performance Highlights(Consolidated)

(Unit: millions of yen)

03/2021 03/2022 03/2023 03/2024 03/2025
Net sales 67,520 85,703 87,771 80,192 72,918
Cost of sales 49,416 62,220 64,956 59,481 54,621
Selling expenses & general management expenses 14,610 16,786 17,769 17,456 17,980
Operating income 3,492 6,696 5,045 3,255 316
Non-operating income 672 800 818 1,128 553
Non-operating expenses 163 191 225 181 394
Ordinary income 4,002 7,304 5,639 4,201 474
Extraordinary income 7 32 0 49 8
Extraordinary loss 843 23 27 29 134
Pretax net income 3,166 7,314 5,612 4,221 349
Corporation tax, inhabitant tax and enterprise tax 1,031 2,241 1,841 1,497 501
Income tax adjustment -459 -13 81 -63 -560
Net income attributable to parent owners 2,579 5,046 3,672 2,782 405
Net income per share (yen) 300.16 587.17 427.33 323.72 47.13
Net income per share after adjustment for potential shares (yen) - - - - -

03/2021 03/2022 03/2023 03/2024 03/2025
Total assets 60,699 68,391 70,818 73,538 73,991
Net assets 27,934 33,559 38,461 43,141 44,541
Net assets per share (yen) 3,236.55 3,884.27 4,451.73 4,993.71 5,179.62
Capital adequacy ratio 45.8% 48.8% 54.0% 58.4% 60.2%
Return on equity 9.7% 16.5% 10.3% 6.9% 0.9%

03/2021 03/2022 03/2023 03/2024 03/2025
Cash flow from operating activities 4,942 5,082 -613 1,442 -1,698
Cash flow from investment activities -899 -877 -1,364 -943 -2,366
Cash flow from financial activities 4,803 -1,800 -2,267 -1,844 -957
Cash & cash equivalents at end of year 18,417 21,489 17,975 17,064 12,466

03/2021 03/2022 03/2023 03/2024 03/2025
No. of employees 2,868 2,969 2,977 2,895 2,810