Wedge

Wedge Holdings CO., LTD.

Company highlights

The largest holder on the register is SIX SIS LTD.（常任代理人株式会社三菱UFJ銀行）, at 30.9%.

Key figures

Period Oct 2024 to Sep 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥0.8B

Operating marginCalculated -11.2%

Net assets to total assetsCalculated 80.6%

Company profile

Securities code 2388 / EDINET code E00745 / Other Financing Business / Fiscal year end September 30

中央区日本橋本町一丁目９番４号　Ｄａｉｗａ日本橋本町ビル／Capital stock ¥4,007 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details

此下竜矢 Representative

5 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Oct 2024 to Sep 2025) · filed 2025-12-26

Profitability ★☆☆☆☆position among all companies -11.2%

Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -38.7%

Capital efficiency ★☆☆☆☆position among all companies -7.7%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

Wedge

Period Oct 2024 to Sep 2025Source Annual securities reports

Amounts by account

Group	Account	Amount	Consolidated / Non-consolidated
Selling, general and administrative expenses	Commission fees	¥0.1 billion	Consolidated
	Salaries	¥46.68 million	Consolidated
	Payrolls and allowances	¥21.30 million	Parent only
	Provision of allowance for doubtful accounts	¥9.24 million	Consolidated
Profit by stage	Ordinary income	¥-0.3 billion	Consolidated
	Gross profit (loss)	¥0.3 billion	Consolidated
	Net income	¥-0.2 billion	Consolidated
	Operating income	¥-91.28 million	Consolidated

Wedge

Selling, general and administrative expenses

Period Oct 2024 to Sep 2025Source Annual securities reports

Commission fees　¥0.1 billion
Salaries　¥0.0 billion
Payrolls and allowances　¥0.0 billion
Provision of allowance for doubtful accounts　¥0.0 billion
Other (not itemized)　¥0.2 billion

Performance, financial position and capital allocation

Finance

80.6% Net assets to total assets Industry median 17.4% FY ending 9/2025 · consolidated / calculated

-6.2% Return on assets (ROA)

¥68.39 Net assets per share

¥1.2 billion Free cash flow

¥3.7 billion Total assets

Capital allocation

2.1% Increase in working capital ★★★★☆ position among all companies FY ending 9/2025 · consolidated / calculated

Long-term changes in performance

Period 2012 to 2025Disclosed

Revenue ×0.25 from 2012 to 2025

Wedge

Long-term revenue, profit and asset trends

Period 2012 to 2025Source Annual securities reportsDisclosed

Mark on the chartNo markHighest in the period shownLowest in the period shown

Wedge

Recent performance trends

Source Annual securities reports

Year-on-year comparison

Period 2012 to 2025Disclosed

Item	2021	2022	2023	2024	2025
Net sales	¥5.8B	¥0.7B	¥0.8B	¥0.9B	¥0.8B
Year on year (%)	-25.5%◆	-88.2%◆	+12.2%	+12.4%	-5.2%
Ordinary income (loss)	-¥0.4B	¥0.2B	-¥0.5B	-¥0.9B	-¥0.3B
Change from prior year	1.15x	loss to profit◆	profit to loss◆	1.84x	0.33x
Ordinary income (loss) as a share of Net sales	-6.8%	23.6%	-63.6%	-104.0%	-36.4%
Change (percentage points)	-2.4 points◆	+30.4 points◆	-87.2 points◆	-40.4 points◆	+67.6 points◆

Fiscal periods marked for changes

Earlier fiscal periods (10)

2013Net sales year on year +46.9%, Ordinary income (loss) as a share of revenue -9.3 points
2014Net sales year on year +23.0%, Ordinary income (loss) as a share of revenue -11.1 points
2015Net sales year on year +44.9%, Ordinary income (loss) as a share of revenue +15.5 points
2016Ordinary income (loss) as a share of revenue +11.3 points
2017Ordinary income (loss) as a share of revenue -57.7 points, Ordinary income (loss) profit to loss
2018Ordinary income (loss) as a share of revenue +39.1 points, Ordinary income (loss) loss to profit
2019Ordinary income (loss) as a share of revenue -12.5 points
2020Ordinary income (loss) as a share of revenue -6.7 points, Ordinary income (loss) profit to loss
2021Net sales year on year -25.5%, Ordinary income (loss) as a share of revenue -2.4 points
2022Net sales year on year -88.2%, Ordinary income (loss) as a share of revenue +30.4 points, Ordinary income (loss) loss to profit

2023Ordinary income (loss) as a share of revenue -87.2 points, Ordinary income (loss) profit to loss
2024Ordinary income (loss) as a share of revenue -40.4 points
2025Ordinary income (loss) as a share of revenue +67.6 points

Wedge

Earnings and net assets per share over time

Unit yenSource Annual securities reports

Wedge

Return on equity over time

Unit %Source Annual securities reports

Consolidated indicators (14 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	¥5.8 billion	¥0.7 billion	¥0.8 billion	¥0.9 billion	¥0.8 billion
Ordinary income (loss)	¥-0.4 billion	¥0.2 billion	¥-0.5 billion	¥-0.9 billion	¥-0.3 billion
Net income (loss) attributable to owners of parent	¥-1.2 billion	¥55.18 million	¥-0.5 billion	¥-0.9 billion	¥-0.2 billion
Comprehensive income	¥-3.6 billion	¥-0.7 billion	¥-0.3 billion	¥-0.4 billion	¥-0.1 billion
Net assets	¥3.6 billion	¥2.9 billion	¥3.4 billion	¥3.0 billion	¥3.0 billion
Total assets	¥4.2 billion	¥3.5 billion	¥4.0 billion	¥3.8 billion	¥3.7 billion
Net assets per share	101 yen	81.18 yen	79.62 yen	70.89 yen	68.39 yen
Basic earnings (loss) per share	-33.09 yen	1.54 yen	-13.69 yen	-22.21 yen	-5.34 yen
Equity-to-asset ratio	85.3%	82.7%	83.7%	79.4%	78.8%
Return on equity	-32.8%	1.7%	-16.3%	-29.5%	-7.7%
Net cash provided by (used in) operating activities	¥4.6 billion	¥44.34 million	¥85.64 million	¥-15.44 million	¥-16.07 million
Net cash provided by (used in) investing activities	¥54.30 million	¥-8.62 million	¥-0.3 billion	¥-0.1 billion	¥1.2 billion
Net cash provided by (used in) financing activities	¥-5.8 billion	¥-3.96 million	¥0.7 billion	¥-25.37 million	¥-9.86 million
Cash and cash equivalents	¥0.2 billion	¥0.2 billion	¥0.7 billion	¥0.5 billion	¥1.7 billion

Parent only indicators (11 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	¥0.7 billion	¥0.7 billion	¥0.7 billion	¥0.8 billion	¥0.7 billion
Ordinary income (loss)	¥0.1 billion	¥0.1 billion	¥9.47 million	¥-18.74 million	¥57.33 million
Net income (loss)	¥-1.6 billion	¥-0.6 billion	¥-0.2 billion	¥-0.4 billion	¥-0.1 billion
Capital stock	¥4.0 billion	¥4.0 billion	¥4.4 billion	¥4.4 billion	¥4.4 billion
Total number of issued shares (common stock)	35,794,478 shares	35,794,478 shares	42,494,478 shares	42,494,478 shares	42,494,478 shares
Net assets	¥3.4 billion	¥2.8 billion	¥3.3 billion	¥2.9 billion	¥2.9 billion
Total assets	¥4.0 billion	¥3.3 billion	¥3.8 billion	¥3.4 billion	¥3.3 billion
Net assets per share	94.54 yen	76.94 yen	77.12 yen	68.24 yen	65.58 yen
Basic earnings (loss) per share	-45.85 yen	-17.6 yen	-5.8 yen	-8.88 yen	-2.66 yen
Equity-to-asset ratio	85.4%	84.2%	86.3%	84.0%	83.3%
Return on equity	-48.5%	-20.5%	-7.2%	-12.2%	-4.0%

Shareholder composition

As of 2025-09-30Disclosed

Share ownership by holder category

6,495 Shareholders

33.55% Foreign holders (total) Industry median 8.02%

35.56% Individuals and others Industry median 33.19%

Wedge

Unit %Source Annual securities reports

Financial institutions0.32%
Securities firms4.69%
Other corporations25.87%
Foreign holders (institutions)33.08%
Foreign holders (individuals)0.47%
Individuals and others35.56%

Major shareholders

Rank	Shareholder	Shareholding ratio	Shares held
1	SIX SIS LTD.（常任代理人株式会社三菱UFJ銀行）	30.94%	13,134,300
2	昭和ホールディングス株式会社	25.5%	10,826,100
3	前田喜美子	1.4%	596,100
4	JPモルガン証券株式会社	1.14%	481,900
5	楽天証券株式会社	0.93%	395,700
6	田村結城	0.78%	330,000
7	BARCLAYS CAPITAL SECURITIES LIMITED	0.76%	321,323
8	新藤浩	0.71%	300,000
9	濱田誠	0.65%	274,100
10	株式会社SBI証券	0.61%	260,416

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 1 years (FY 2020)Disclosed

Not disclosed Research and development

¥0.1 billion Capital expenditure

Revenue scale in the same industry

Wedge

Source Annual securities reports of each company

Other Financing Business: 52 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

1 Mitsubishi HC CapitalFY Mar 2026 ¥2.2T
2 Tokyo CenturyFY Mar 2026 ¥1.5T
3 Mizuho LeasingFY Mar 2026 ¥921.6B
… 46 companies
50 Ｄ＆ＭカンパニーFY May 2026 ¥1.6B
51 abcFY Aug 2025 ¥1.1B
52 WedgeThis companyFY Sep 2025 ¥0.8B

Workforce information

Source: Annual Securities Report (Oct 2024 to Sep 2025)Parent-onlyDisclosed

49 Employees (parent only) Industry median 324

40.3 Average age Industry median 40.7

11.0 years Average length of service Industry median 10.6 years

¥4.71 million Average annual salary Industry median ¥7.13 million

People and organisation

13.0¥ million Sales per employee Industry median 86.1¥ million FY ending 9/2025 · consolidated / calculated

¥-1.45 million Operating income per employee

20 Average temporary staff

Audit and disclosure information

Annual securities report, year ended 2025-09-30Disclosed

Item	Value
Audit firm	監査法人アリア
Audit fees (this year, total)	¥18.80 million
Non-audit fees (this year, total)	Not applicable
Going concern note	Cannot be determined
Accounting standard	Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (25 items)

Item	Value	Consolidated / Non-consolidated
Comprehensive income	¥-0.1 billion	Consolidated
Net cash provided by (used in) operating activities	¥-16.07 million	Consolidated
Net sales	¥0.8 billion	Consolidated
Net cash provided by (used in) investing activities	¥1.2 billion	Consolidated
Cash and cash equivalents	¥1.7 billion	Consolidated
Net assets	¥3.0 billion	Consolidated
Ordinary income (loss)	¥-0.3 billion	Consolidated
Total assets	¥3.7 billion	Consolidated
Return on equity	-7.7%	Consolidated
Equity-to-asset ratio	78.8%	Consolidated
Net income (loss) attributable to owners of parent	¥-0.2 billion	Consolidated
Net cash provided by (used in) financing activities	¥-9.86 million	Consolidated
Basic earnings (loss) per share	-5.34 yen	Consolidated
Net assets per share	68.39 yen	Consolidated
Net sales	¥0.7 billion	Parent only
Net income (loss)	¥-0.1 billion	Parent only
Total number of issued shares (common stock)	42,494,478 shares	Parent only
Net assets	¥2.9 billion	Parent only
Ordinary income (loss)	¥57.33 million	Parent only
Total assets	¥3.3 billion	Parent only
Return on equity	-4.0%	Parent only
Equity-to-asset ratio	83.3%	Parent only
Capital stock	¥4.4 billion	Parent only
Basic earnings (loss) per share	-2.66 yen	Parent only
Net assets per share	65.58 yen	Parent only

Employees (9 items)

Item	Value	Consolidated / Non-consolidated
Number of employees	63 people	Consolidated
Number of employees	63 people	Consolidated
Average length of service (years)	11 years	Parent only
Average length of service months	0 months	Parent only
Average annual salary	¥4.71 million	Parent only
Average age (years)	40.3 years old	Parent only
Number of employees	49 people	Parent only
Number of employees	49 people	Parent only
Number of employees	49 people	Parent only

Other disclosed items (8 items)

Item	Value	Consolidated / Non-consolidated
Average number of temporary employees	20 people	Consolidated
Average number of temporary employees	20 people	Consolidated
Number of associates accounted for using equity method	7 companies	Consolidated
Number of consolidated subsidiaries	5 companies	Consolidated
Average number of temporary employees	19 people	Parent only
Average number of temporary employees	19 people	Parent only
Average number of temporary employees	19 people	Parent only
Total return on the share price index	217.8%	Parent only

Shares (8 items)

Item	Value	Consolidated / Non-consolidated
Number of shares held	26,919,939 shares	Consolidated
Total number of shares held treasury shares etc	39,400 shares	Consolidated
Number of shares	42,494,478 shares	Consolidated
Shareholding ratio treasury shares etc	0.1%	Consolidated
Shareholding ratio	63.4%	Consolidated
Number of shares held in own name treasury shares etc	39,400 shares	Consolidated
Number of voting rights	424,512 units	Consolidated
Total shareholder return	47.3%	Parent only

Audit (2 items)

Item	Value	Consolidated / Non-consolidated
Fees for audit and attestation services - reporting company	¥18.80 million	Consolidated
Fees for audit and attestation services - total	¥18.80 million	Consolidated

Balance sheet (94 items)

Item	Value	Consolidated / Non-consolidated
Other	¥29.16 million	Consolidated
Other	¥0.2 billion	Consolidated
Other	¥48.34 million	Consolidated
Other	¥0.1 billion	Consolidated
Other	¥0.49 million	Consolidated
Valuation difference on available-for-sale securities	¥18.95 million	Consolidated
Work in process	¥20.63 million	Consolidated
Retained earnings	¥-7.4 billion	Consolidated
Notes and accounts receivable trade	¥0.1 billion	Consolidated
Non-current liabilities	¥0.5 billion	Consolidated
Non-current assets	¥0.7 billion	Consolidated
Tools, furniture and fixtures	¥4.80 million	Consolidated
Tools, furniture and fixtures	¥0.08 million	Consolidated
Buildings and structures	¥8.67 million	Consolidated
Buildings and structures, net	¥4.78 million	Consolidated
Investments and other assets	¥0.7 billion	Consolidated
Notes and accounts payable - trade	¥23.17 million	Consolidated
Subscription rights to shares	¥67.26 million	Consolidated
Property, plant and equipment	¥4.86 million	Consolidated
Income taxes payable	¥25.63 million	Consolidated
Accrued expenses	¥0.2 billion	Consolidated
Shareholders' equity	¥3.4 billion	Consolidated
Machinery and equipment	¥2.46 million	Consolidated
Current liabilities	¥0.3 billion	Consolidated
Current assets	¥2.9 billion	Consolidated
Accumulated depreciation	¥-4.71 million	Consolidated
Accumulated depreciation	¥-3.89 million	Consolidated
Accumulated depreciation	¥-2.46 million	Consolidated
Foreign currency translation adjustment	¥-0.5 billion	Consolidated
Intangible assets	¥0.49 million	Consolidated
Cash and cash equivalents	¥1.7 billion	Consolidated
Cash and deposits	¥1.7 billion	Consolidated
Short-term loans payable	¥2.90 million	Consolidated
Short-term loans receivable with resale agreement	¥1.5 billion	Consolidated
Claims provable in bankruptcy claims provable in rehabilitation and other	¥4.43 million	Consolidated
Net assets	¥3.0 billion	Consolidated
Net assets	¥3.0 billion	Consolidated
Total assets	¥3.7 billion	Consolidated
Treasury stock	¥-40.96 million	Consolidated
Valuation and translation adjustments	¥-0.5 billion	Consolidated
Liabilities	¥0.7 billion	Consolidated
Liabilities and net assets	¥3.7 billion	Consolidated
Allowance for doubtful accounts	¥-0.3 billion	Consolidated
Allowance for doubtful accounts	¥-0.5 billion	Consolidated
Capital surplus	¥6.5 billion	Consolidated
Capital stock	¥4.4 billion	Consolidated
Long-term loans payable	¥50.08 million	Consolidated
Long-term loans receivable	¥0	Consolidated
Shares of subsidiaries and associates	¥0.7 billion	Consolidated
Long term loans payable to subsidiaries and affiliates	¥0.4 billion	Consolidated
Other	¥0.1 billion	Parent only
Other	¥62.00 million	Parent only
Other	¥0.3 billion	Parent only
Other capital surplus	¥0.2 billion	Parent only
Software	¥0.25 million	Parent only
Work in process	¥20.63 million	Parent only
Retained earnings	¥-5.6 billion	Parent only
Notes and accounts receivable trade	¥82.00 million	Parent only
Non-current liabilities	¥0.4 billion	Parent only
Non-current assets	¥33.57 million	Parent only
Tools, furniture and fixtures	¥0.64 million	Parent only
Tools, furniture and fixtures	¥0.08 million	Parent only
Buildings and accompanying facilities	¥6.55 million	Parent only
Buildings and accompanying facilities net	¥4.78 million	Parent only
Investments and other assets	¥28.46 million	Parent only
Lease and guarantee deposits	¥18.45 million	Parent only
Subscription rights to shares	¥67.26 million	Parent only
Property, plant and equipment	¥4.86 million	Parent only
Income taxes payable	¥25.51 million	Parent only
Accounts payable - other	¥19.25 million	Parent only
Shareholders' equity	¥2.8 billion	Parent only
Current liabilities	¥0.1 billion	Parent only
Current assets	¥3.3 billion	Parent only
Accumulated depreciation	¥-0.55 million	Parent only
Accumulated depreciation	¥-1.77 million	Parent only
Intangible assets	¥0.25 million	Parent only
Cash and deposits	¥1.4 billion	Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other	¥4.43 million	Parent only
Net assets	¥2.9 billion	Parent only
Net assets	¥2.9 billion	Parent only
Total assets	¥3.3 billion	Parent only
Retained earnings brought forward	¥-5.6 billion	Parent only
Treasury stock	¥-52.40 million	Parent only
Liabilities	¥0.5 billion	Parent only
Liabilities and net assets	¥3.3 billion	Parent only
Accounts payable - trade	¥6.53 million	Parent only
Allowance for doubtful accounts	¥-0.1 billion	Parent only
Allowance for doubtful accounts	¥-1.7 billion	Parent only
Capital surplus	¥4.1 billion	Parent only
Legal capital surplus	¥3.9 billion	Parent only
Capital stock	¥4.4 billion	Parent only
Shares of subsidiaries and associates	¥10.00 million	Parent only
Loans receivable to subsidiaries and affiliates	¥3.2 billion	Parent only
Long term loans payable to subsidiaries and affiliates	¥0.4 billion	Parent only

Accounts unique to this company (3 items)

Item	Value	Consolidated / Non-consolidated
Revenue	¥60.07 million	Consolidated
Revenue	¥-0.87 million	Consolidated
Revenue	¥33.60 million	Parent only

Statement of income (67 items)

Item	Value	Consolidated / Non-consolidated
Other	¥10.27 million	Consolidated
Other	¥1.67 million	Consolidated
Other comprehensive income	¥0.1 billion	Consolidated
Comprehensive income	¥-0.1 billion	Consolidated
Interest income	¥48.55 million	Consolidated
Operating income	¥-91.28 million	Consolidated
Non-operating income	¥0.2 billion	Consolidated
Non-operating expenses	¥0.4 billion	Consolidated
Net cash provided by (used in) operating activities	¥-16.07 million	Consolidated
Cost of sales	¥0.5 billion	Consolidated
Gross profit (loss)	¥0.3 billion	Consolidated
Net sales	¥0.8 billion	Consolidated
Net income	¥-0.2 billion	Consolidated
Net income	¥-0.2 billion	Consolidated
Net income (loss)	¥-0.2 billion	Consolidated
Net income (loss)	¥-0.2 billion	Consolidated
Net cash provided by (used in) investing activities	¥1.2 billion	Consolidated
Share of loss of investments accounted for using equity method	¥0.4 billion	Consolidated
Share of other comprehensive income of investments accounted for using equity method	¥0.1 billion	Consolidated
Interest expenses	¥16.75 million	Consolidated
Commission fees	¥0.1 billion	Consolidated
Stock issuance cost	¥0.06 million	Consolidated
Income taxes - current	¥28.95 million	Consolidated
Income taxes	¥30.20 million	Consolidated
Income taxes - deferred	¥1.25 million	Consolidated
Impairment loss	¥1.40 million	Consolidated
Foreign exchange gains	¥97.63 million	Consolidated
Extraordinary income	¥0.1 billion	Consolidated
Extraordinary loss	¥1.40 million	Consolidated
Effect of exchange rate change on cash and cash equivalents	¥-0.49 million	Consolidated
Net increase (decrease) in cash and cash equivalents	¥1.1 billion	Consolidated
Income (loss) before income taxes	¥-0.2 billion	Consolidated
Income (loss) before income taxes	¥-0.2 billion	Consolidated
Ordinary income	¥-0.3 billion	Consolidated
Salaries	¥46.68 million	Consolidated
Comprehensive income attributable to owners of parent	¥-0.1 billion	Consolidated
Net cash provided by (used in) financing activities	¥-9.86 million	Consolidated
Selling, general and administrative expenses	¥0.4 billion	Consolidated
Reversal of allowance for doubtful accounts	¥41.34 million	Consolidated
Provision of allowance for doubtful accounts	¥25.10 million	Consolidated
Provision of allowance for doubtful accounts	¥9.24 million	Consolidated
Gain on sales of shares of subsidiaries and associates	¥0.1 billion	Consolidated
Other	¥1.66 million	Parent only
Interest income	¥23.96 million	Parent only
Operating income	¥-28.32 million	Parent only
Non-operating income	¥98.93 million	Parent only
Non-operating expenses	¥13.29 million	Parent only
Cost of sales	¥0.4 billion	Parent only
Gross profit (loss)	¥0.3 billion	Parent only
Net sales	¥0.7 billion	Parent only
Net income (loss)	¥-0.1 billion	Parent only
Net income (loss)	¥-0.1 billion	Parent only
Interest expenses	¥11.56 million	Parent only
Commission fees	¥56.88 million	Parent only
Stock issuance cost	¥0.06 million	Parent only
Income taxes - current	¥29.05 million	Parent only
Income taxes	¥29.05 million	Parent only
Foreign exchange gains	¥66.48 million	Parent only
Extraordinary loss	¥0.1 billion	Parent only
Income (loss) before income taxes	¥-83.67 million	Parent only
Ordinary income	¥57.33 million	Parent only
Payrolls and allowances-SGA	¥21.30 million	Parent only
Selling, general and administrative expenses	¥0.3 billion	Parent only
Reversal of allowance for doubtful accounts	¥1.72 million	Parent only
Provision of allowance for doubtful accounts	¥0.1 billion	Parent only
Provision of allowance for doubtful accounts	¥36.77 million	Parent only
Miscellaneous income	¥6.77 million	Parent only

Statement of changes in equity (4 items)

Item	Value	Consolidated / Non-consolidated
Total changes during the period	¥-78.16 million	Consolidated
Net changes in items other than shareholders' equity	¥0.1 billion	Consolidated
Total changes during the period	¥-84.70 million	Parent only
Net changes in items other than shareholders' equity	¥28.02 million	Parent only

Statement of cash flows (22 items)

Item	Value	Consolidated / Non-consolidated
Other	¥-8.13 million	Consolidated
Increase decrease in notes and accounts payable trade	¥-0.44 million	Consolidated
Interest expenses paid	¥-4.78 million	Consolidated
Interest and dividends income received	¥27.08 million	Consolidated
Interest and dividend income	¥-48.55 million	Consolidated
Decrease increase in notes and accounts receivable trade	¥-2.40 million	Consolidated
Subtotal	¥3.52 million	Consolidated
Equity in earnings losses of affiliates	¥0.4 billion	Consolidated
Interest expenses	¥16.75 million	Consolidated
Payments for lease and guarantee deposits	¥-0.09 million	Consolidated
Stock issuance cost	¥0.06 million	Consolidated
Decrease (increase) in inventories	¥-15.05 million	Consolidated
Income taxes paid	¥-41.89 million	Consolidated
Depreciation	¥1.25 million	Consolidated
Impairment loss	¥1.40 million	Consolidated
Foreign exchange loss (gain)	¥-0.88 million	Consolidated
Decrease/increase in short-term loans payable	¥-9.86 million	Consolidated
Payments of loans receivable	¥-0.6 billion	Consolidated
Collection of loans receivable	¥0.1 billion	Consolidated
Increase (decrease) in allowance for doubtful accounts	¥-2.01 million	Consolidated
Proceeds from sales of shares of subsidiaries and affiliates	¥1.6 billion	Consolidated
Loss (gain) on sale of shares of subsidiaries and associates	¥-0.1 billion	Consolidated

Basic indicators

Item	Value	Consolidated / Non-consolidated	Source
Net cash provided by (used in) operating activities	¥-16.07 million	Consolidated	Disclosed
Number of employees	63	Consolidated	Disclosed
Net assets	¥3.0 billion	Consolidated	Disclosed
Net sales	¥0.8 billion	Consolidated	Disclosed
Operating income	¥-91.28 million	Consolidated	Disclosed
Ordinary income	¥-0.3 billion	Consolidated	Disclosed
Net income	¥-0.2 billion	Consolidated	Disclosed
Total assets	¥3.7 billion	Consolidated	Disclosed
Operating margin	-11.2%	Consolidated	Calculated
Net margin	-27.8%	Consolidated	Calculated
Sales per employee	12955254 yen	Consolidated	Calculated
Total asset turnover	0.22 times	Consolidated	Calculated
Net assets to total assets	80.6%	Consolidated	Calculated

How to read the figures, and caveats

Terms

Consolidated: the parent company together with the subsidiaries it consolidates
Parent-only: the single company that filed the annual securities report
Calculated: a disclosed figure put through the formula shown
Not disclosed: no such value in the filing (not treated as zero)
Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
Segment: a business division the company uses in its disclosures
Industry median: the middle value among companies in the same industry that disclose the item
★: position when every company is lined up by value (not a judgement of the company)See the formulas
Source: document name, period covered, filing date and where it was obtained
Tables scroll sideways

Key figures

Operating margin -11.2%　Operating income ÷ net sales 　＝ ¥-91.28 million ÷ ¥0.8 billion
Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Net margin -27.8%　Net income ÷ net sales 　＝ ¥-0.2 billion ÷ ¥0.8 billion
Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Sales per employee 12,955,254 yen　Sales or operating revenue ÷ employees 　＝ ¥0.8 billion ÷ 63 people
Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
Total asset turnover 0.22 times　Sales or operating revenue ÷ total assets 　＝ ¥0.8 billion ÷ ¥3.7 billion
Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
Net assets to total assets 80.6%　Net assets ÷ total assets 　＝ ¥3.0 billion ÷ ¥3.7 billion
Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

Representative　President, Representative Director, gBizINFO
Consolidated subsidiaries　Annual Securities Report

Business activities and revenue composition

Breakdown by business: machine transcription of segment information (business divisions used in disclosures) in the annual securities report. No table where segment sales differ from the disclosed total by more than 1%, or where the company reports a single business

Amounts by account

Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
Each item: already inside the SG&A total (not added to it)

Finance

Net assets to total assets　Net assets ÷ total assets
Return on assets (ROA)　Net income ÷ total assets (consolidated)
Net assets per share　Consolidated
Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
Total assets　Consolidated

Capital allocation

★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables up ¥2.40 million + inventories up ¥15.05 million, over net sales ¥0.8 billion

Long-term changes in performance

Revenue　Disclosed value for 2025 ÷ disclosed value for 2012

Year-on-year comparison

Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Share ownership by holder category

Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Other Financing Business that disclose the item (industries with at least 5 companies only).

Major shareholders

Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years.

Revenue scale in the same industry

Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 63 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Other Financing Business that disclose the item (industries with at least 5 companies only).

People and organisation

Sales per employee　Net sales (or operating revenue) ÷ employees
Operating income per employee　Operating income ÷ employees
Average temporary staff　Consolidated, average headcount other than regular employees

Audit and disclosure information

Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of Wedge Holdings CO., LTD. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 7010001085875 / Accounting standard: Japanese GAAP

Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
“Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork

Wedge

Company highlights

Key figures

Company profile

Disclosed data

Business activities and revenue composition

Revenue and profit

Selling, general and administrative expenses

Performance, financial position and capital allocation

Long-term changes in performance

Long-term revenue, profit and asset trends

Recent performance trends

Year-on-year comparison

Fiscal periods marked for changes

Earnings and net assets per share over time

Return on equity over time

Shareholder composition

Share ownership by holder category

Major shareholders

Research and development expenses and capital expenditure

Revenue scale in the same industry

Workforce information

Audit and disclosure information

Related books, articles and videos

Sources and methodology

Terms

Key figures

Company details

Business activities and revenue composition

Amounts by account

Selling, general and administrative expenses

Finance

Capital allocation

Long-term changes in performance

Year-on-year comparison

Earnings and net assets per share over time

Return on equity over time

Share ownership by holder category

Major shareholders

Research and development expenses and capital expenditure

Revenue scale in the same industry

Workforce information

People and organisation

Audit and disclosure information

Data sources and calculation methods