Japanese
Financial Highlights
Business Results%small%（Millions of yen）%small%
| 2021/2 | 2022/2 | 2023/2 | 2024/2 | 2025/2 | |
|---|---|---|---|---|---|
| Net Sales | 39,449 | 38,123 | 39,508 | 39,457 | 45,902 |
| Gross profit | 21,294 | 19,672 | 19,727 | 19,530 | 19,942 |
| Selling, general and
administrative expenses
|
18,527 | 17,884 | 17,748 | 17,433 | 17,982 |
| Operating income | 2,767 | 1,788 | 1,979 | 2,096 | 1,960 |
| Ordinary income | 3,195 | 2,293 | 2,342 | 2,515 | 2,351 |
| Net income | 1,622 | 1,490 | 1,149 | 1,300 | 1,377 |
- The Company applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) from the beginning of the fiscal year ending February 28, 2023. Figures for the fiscal year ending February 28, 2023, are after application of this accounting standard.
- From the beginning of the fiscal year ending February 28, 2023, the presentation of real estate lease revenue has been changed to recording in “Net sales,” and rental expenses on real estate to “Cost of sales.” Consolidated financial statements from the fiscal year ending February 28, 2022, have been recombined to reflect this change in presentation method.
Financial Position%small%（Millions of yen）%small%
| 2021/2 | 2022/2 | 2023/2 | 2024/2 | 2025/2 | |
|---|---|---|---|---|---|
| Total assets | 53,000 | 56,884 | 50,211 | 50,643 | 66,494 |
| Net assets | 39,543 | 42,917 | 38,214 | 38,596 | 38,935 |
| Interest-bearing debt | 0 | 0 | 0 | 0 | 14,900 |
Cash Flows%small%（Millions of yen）%small%
| 2021/2 | 2022/2 | 2023/2 | 2024/2 | 2025/2 | |
|---|---|---|---|---|---|
|
Cash flows from operating activities |
6,633 | 1,871 | 3,103 | 2,666 | 3,023 |
|
Cash flows from investing activities |
△2,169 | 106 | △2,371 | △1,103 | △10,536 |
|
Cash flows from financing activities |
△2,515 | 1,816 | △1,834 | △1,791 | 7,648 |
| Free cash flows* | 4,464 | 1,977 | 732 | 1,563 | △7,513 |
- Free cash flows = Cash flows from operating activities + Cash flows from investing activities
Major Indicators
| 2021/2 | 2022/2 | 2023/2 | 2024/2 | 2025/2 | |
|---|---|---|---|---|---|
| Gross profit ratio (%) | 54.0 | 51.6 | 49.9 | 49.5 | 43.4 |
| Operating income ratio (%) | 7.0 | 4.7 | 5.0 | 5.3 | 4.3 |
| Return on assets (ROA) (%) | 3.0 | 2.7 | 2.1 | 2.6 | 2.4 |
| Return on equity (ROE) (%) | 4.1 | 3.6 | 2.8 | 3.4 | 3.6 |
| Net assets to total assets (%) | 74.6 | 75.4 | 76.0 | 76.2 | 58.5 |
| Current ratio (%) | 229.6 | 273.5 | 233.3 | 248.7 | 162.0 |
| Debt to equity ratio (times) | 0.00 | 0.00 | 0.00 | 0.00 | 0.38 |
Gross profit ratio
Operating income ratio
Return on assets (ROA)
Return on equity (ROE)
Current ratio
Debt to equity ratio
Per Share Data
| 2021/2 | 2022/2 | 2023/2 | 2024/2 | 2025/2 | |
|---|---|---|---|---|---|
| Net income per share (yen) | 75.00 | 69.56 | 53.61 | 60.65 | 64.18 |
| Net assets per share (yen) | 1,844.70 | 2,001.20 | 1,780.71 | 1,798.49 | 1,812.89 |
| Cash dividends per share | 81 | 83 | 83 | 83 | 83 |