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BALMUDA

BALMUDA Inc.

Company highlights

The largest holder on the register is 寺尾 玄, at 67.9%.

Key figures

Period Jan 2025 to Dec 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥10.1B
Operating marginCalculated -8.6%
Net assets to total assetsCalculated 60.3%

Company profile

Securities code 6612 / EDINET code E36091 / Electric Appliances / Fiscal year end December 31

武蔵野市境南町五丁目１番２１号／Capital stock ¥1,414 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
寺尾 玄 Representative
2 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jan 2025 to Dec 2025) · filed 2026-03-25

Profitability ★☆☆☆☆position among all companies -8.6%
Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -13.9%
Capital efficiency ★☆☆☆☆position among all companies -44.6%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

BALMUDA

Period Jan 2025 to Dec 2025Source Annual securities reports

Net sales and operating revenue ¥10.1B　100% Cost of sales ¥6.8B　67% Selling, general and administrative expenses ¥4.2B　41% Operating income ¥-0.9B　9%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Payrolls and allowances ¥0.7 billion Consolidated
Advertising expenses ¥0.7 billion Consolidated
Research and development expenses ¥0.3 billion Consolidated
Depreciation ¥98.00 million Parent only
Provision for product warranties ¥-76.00 million Consolidated
Provision for bonuses ¥56.00 million Consolidated
Provision of allowance for doubtful accounts ¥10.00 million Consolidated
Profit by stage Gross profit (loss) ¥3.3 billion Consolidated
Net income ¥-1.6 billion Consolidated
Ordinary income ¥-0.9 billion Consolidated
Operating income ¥-0.9 billion Consolidated

BALMUDA

Selling, general and administrative expenses

Period Jan 2025 to Dec 2025Source Annual securities reports

Payrolls and allowances ¥0.7 billion (16.5%)17%Advertising expenses ¥0.7 billion (15.8%)16%Research and development expenses ¥0.3 billion (7.6%)8%Depreciation ¥0.1 billion (2.3%)Provision for bonuses ¥0.1 billion (1.3%)Other (not itemized) ¥2.4 billion (56.4%)56%¥4.2B
  • Payrolls and allowances　¥0.7 billion
  • Advertising expenses　¥0.7 billion
  • Research and development expenses　¥0.3 billion
  • Depreciation　¥0.1 billion
  • Provision for bonuses　¥0.1 billion
  • Other (not itemized)　¥2.4 billion

Performance, financial position and capital allocation

Finance
60.3% Net assets to total assets Industry median 62.9% FY ending 12/2025 · consolidated / calculated
-34.3% Return on assets (ROA)
¥329.86 Net assets per share
¥-1.0 billion Free cash flow
¥4.7 billion Total assets
Capital allocation
-4.3% Increase in working capital ★☆☆☆☆ position among all companies FY ending 12/2025 · consolidated / calculated
89.9% Property, plant and equipment purchases relative to depreciation ★★★☆☆ position among all companies FY ending 12/2025 · consolidated / calculated

Long-term changes in performance

Period 2016 to 2025Disclosed

Revenue ×1.83 from 2016 to 2025

BALMUDA

Long-term revenue, profit and asset trends

Period 2016 to 2025Source Annual securities reportsDisclosed

Mark on the chart
18 12 5 -1 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Ordinary income 2017　Net sales year on year +60.1%, Ordinary income (loss) as a share of revenue +5.8 points 2019　Ordinary income (loss) as a share of revenue -5.0 points 2021　Net sales year on year +46.0% 2022　Ordinary income (loss) as a share of revenue -7.9 points 2023　Net sales year on year -26.1%, Ordinary income (loss) as a share of revenue -9.6 points, Ordinary income (loss) profit to loss 2024　Ordinary income (loss) as a share of revenue +10.3 points, Ordinary income (loss) loss to profit 2025　Ordinary income (loss) as a share of revenue -9.7 points, Ordinary income (loss) profit to loss 10Latest value 2025 10¥ billion 18Highest in the period shown 2021 18¥ billion 6Lowest in the period shown 2016 6¥ billion ¥ billion

BALMUDA

Recent performance trends

Source Annual securities reports

18 12 5 -1 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2016 to 2025Disclosed

Item20212022202320242025
Net sales ¥18.4B ¥17.6B ¥13.0B ¥12.5B ¥10.1B
Year on year (%) +46.0%◆ -4.3% -26.1%◆ -4.2% -18.8%
Ordinary income (loss) ¥1.5B ¥0.0B -¥1.2B ¥0.1B -¥0.9B
Change from prior year +16.8% -99.0% profit to loss◆ loss to profit◆ profit to loss◆
Ordinary income (loss) as a share of Net sales 8.0% 0.1% -9.5% 0.8% -8.9%
Change (percentage points) -2.0 points -7.9 points◆ -9.6 points◆ +10.3 points◆ -9.7 points◆

Fiscal periods marked for changes

Earlier fiscal periods (4)
  • 2017Net sales year on year +60.1%, Ordinary income (loss) as a share of revenue +5.8 points
  • 2019Ordinary income (loss) as a share of revenue -5.0 points
  • 2021Net sales year on year +46.0%
  • 2022Ordinary income (loss) as a share of revenue -7.9 points
  • 2023Net sales year on year -26.1%, Ordinary income (loss) as a share of revenue -9.6 points, Ordinary income (loss) profit to loss
  • 2024Ordinary income (loss) as a share of revenue +10.3 points, Ordinary income (loss) loss to profit
  • 2025Ordinary income (loss) as a share of revenue -9.7 points, Ordinary income (loss) profit to loss

BALMUDA

Earnings and net assets per share over time

Unit yenSource Annual securities reports

123 -0 -123 -246 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 756 504 252 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

BALMUDA

Return on equity over time

Unit %Source Annual securities reports

18 -3 -24 -45 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥18.4 billion ¥17.6 billion ¥13.0 billion ¥12.5 billion ¥10.1 billion
Ordinary income (loss) ¥1.5 billion ¥14.00 million ¥-1.2 billion ¥94.00 million ¥-0.9 billion
Net income (loss) attributable to owners of parent ¥1.0 billion ¥3.00 million ¥-2.1 billion ¥67.00 million ¥-1.6 billion
Comprehensive income ¥1.0 billion ¥6.00 million ¥-2.1 billion ¥77.00 million ¥-1.6 billion
Net assets ¥6.3 billion ¥6.3 billion ¥4.3 billion ¥4.3 billion ¥2.8 billion
Total assets ¥10.9 billion ¥9.9 billion ¥7.8 billion ¥6.2 billion ¥4.7 billion
Net assets per share 755.63 yen 753.15 yen 505.37 yen 513.93 yen 329.86 yen
Basic earnings (loss) per share 122.81 yen 0.36 yen -245.68 yen 7.92 yen -187.82 yen
Diluted earnings per share 119.93 yen 0.36 yen Could not be retrieved 7.91 yen Could not be retrieved
Equity-to-asset ratio 57.8% 63.7% 54.7% 70.4% 60.3%
Return on equity 18.4% 0.0% -39.2% 1.6% -44.6%
Net cash provided by (used in) operating activities ¥-3.2 billion ¥0.8 billion ¥0.2 billion ¥1.3 billion ¥-0.6 billion
Net cash provided by (used in) investing activities ¥-1.0 billion ¥-0.6 billion ¥-0.4 billion ¥-0.2 billion ¥-0.4 billion
Net cash provided by (used in) financing activities ¥0.7 billion ¥5.00 million ¥44.00 million ¥-1.0 billion ¥0.3 billion
Cash and cash equivalents ¥1.0 billion ¥1.2 billion ¥1.2 billion ¥1.3 billion ¥0.7 billion
Parent only indicators (12 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥18.4 billion ¥17.6 billion ¥13.0 billion ¥12.4 billion ¥10.1 billion
Ordinary income (loss) ¥1.5 billion ¥12.00 million ¥-1.2 billion ¥91.00 million ¥-0.9 billion
Net income (loss) ¥1.0 billion ¥2.00 million ¥-2.1 billion ¥64.00 million ¥-1.6 billion
Capital stock ¥1.4 billion ¥1.4 billion ¥1.4 billion ¥90.00 million ¥37.00 million
Total number of issued shares (common stock) 8,327,000 shares 8,382,900 shares 8,443,900 shares 8,466,400 shares 8,526,200 shares
Net assets ¥6.3 billion ¥6.3 billion ¥4.2 billion ¥4.3 billion ¥2.8 billion
Total assets ¥10.9 billion ¥9.9 billion ¥7.8 billion ¥6.2 billion ¥4.6 billion
Net assets per share 753.57 yen 750.65 yen 502.46 yen 509.44 yen 324.35 yen
Basic earnings (loss) per share 122.62 yen 0.27 yen -245.12 yen 7.58 yen -188.57 yen
Diluted earnings per share 119.74 yen 0.27 yen Could not be retrieved 7.56 yen Could not be retrieved
Equity-to-asset ratio 57.8% 63.6% 54.4% 70.1% 59.7%
Return on equity 18.4% 0.0% -39.3% 1.5% -45.3%

Shareholder composition

As of 2025-12-31Disclosed

Share ownership by holder category

7,072 Shareholders
4.41% Foreign holders (total) Industry median 17.41%
92.15% Individuals and others Industry median 38.53%

BALMUDA

Unit %Source Annual securities reports

  • Financial institutions0.04%
  • Securities firms1.41%
  • Other corporations1.99%
  • Foreign holders (institutions)4.12%
  • Foreign holders (individuals)0.29%
  • Individuals and others92.15%

Major shareholders

RankShareholderShareholding ratioShares held
1 寺尾 玄 67.86% 5,782,500
2 KOREA SECURITIES DEPOSITORY-SAMSUNG (常任代理人 シティバンク、エヌ・エイ東京支店) 3.06% 260,500
3 株式会社ミツバ 1.47% 125,000
4 楽天証券株式会社共有口 0.4% 34,200
5 中嶋 恵 0.36% 30,700
6 永井 崇久 0.35% 30,000
7 塩川 万造 0.35% 30,000
8 伊藤 充淳 0.35% 30,000
9 鞍田 直子 0.28% 24,000
10 塔筋 幸造 0.28% 23,500

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 4 years (2019 to 2025)Disclosed

¥0.6 billion Research and development 5.5% of revenue (industry median 4.1%)
¥0.3 billion Capital expenditure 3.0% of revenue (industry median 4.6%)
Fiscal year Research and development Capital expenditure
FY ending 12/2025 ¥0.6 billion ¥0.3 billion
FY ending 12/2024 ¥0.5 billion Could not be retrieved
FY ending 12/2020 ¥0.6 billion ¥0.4 billion
FY ending 12/2019 ¥0.4 billion Could not be retrieved

Revenue scale in the same industry

BALMUDA

Source Annual securities reports of each company

Electric Appliances: 239 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Jan 2025 to Dec 2025)Parent-onlyDisclosed

104 Employees (parent only) Industry median 544
43.0 Average age Industry median 43.4
4.5 years Average length of service Industry median 16.0 years
¥8.14 million Average annual salary Industry median ¥7.05 million
People and organisation
97.3¥ million Sales per employee Industry median 32.3¥ million FY ending 12/2025 · consolidated / calculated
¥-8.33 million Operating income per employee
5 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2024-11-25Disclosed

ItemValue
Employees 100

Audit and disclosure information

Annual securities report, year ended 2025-12-31Disclosed

ItemValue
Audit firm 太陽有限責任監査法人
Audit fees (this year, total) ¥21.00 million
Non-audit fees (this year, total) Not applicable
Going concern note Note present
Accounting standard Japanese GAAP

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Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (25 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥-1.6 billion Consolidated
Net cash provided by (used in) operating activities ¥-0.6 billion Consolidated
Net sales ¥10.1 billion Consolidated
Net cash provided by (used in) investing activities ¥-0.4 billion Consolidated
Cash and cash equivalents ¥0.7 billion Consolidated
Net assets ¥2.8 billion Consolidated
Ordinary income (loss) ¥-0.9 billion Consolidated
Total assets ¥4.7 billion Consolidated
Return on equity -44.6% Consolidated
Equity-to-asset ratio 60.3% Consolidated
Net income (loss) attributable to owners of parent ¥-1.6 billion Consolidated
Net cash provided by (used in) financing activities ¥0.3 billion Consolidated
Basic earnings (loss) per share -187.82 yen Consolidated
Net assets per share 329.86 yen Consolidated
Net sales ¥10.1 billion Parent only
Net income (loss) ¥-1.6 billion Parent only
Total number of issued shares (common stock) 8,526,200 shares Parent only
Net assets ¥2.8 billion Parent only
Ordinary income (loss) ¥-0.9 billion Parent only
Total assets ¥4.6 billion Parent only
Return on equity -45.3% Parent only
Equity-to-asset ratio 59.7% Parent only
Capital stock ¥37.00 million Parent only
Basic earnings (loss) per share -188.57 yen Parent only
Net assets per share 324.35 yen Parent only

Employees (7 items)

ItemValueConsolidated / Non-consolidated
Number of employees 104 people Consolidated
Number of employees 104 people Consolidated
Average length of service (years) 4.5 years Parent only
Average annual salary ¥8.14 million Parent only
Average age (years) 43 years old Parent only
Number of employees 104 people Parent only
Number of employees 104 people Parent only

Other disclosed items (7 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 5 people Consolidated
Average number of temporary employees 5 people Consolidated
Write-downs of inventories ¥3.00 million Consolidated
Number of consolidated subsidiaries 2 companies Consolidated
Average number of temporary employees 5 people Parent only
Average number of temporary employees 5 people Parent only
Total return on the share price index 56.4% Parent only

Shares (8 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 6,370,400 shares Consolidated
Total number of shares held treasury shares etc 5,500 shares Consolidated
Number of shares 8,526,200 shares Consolidated
Shareholding ratio treasury shares etc 0.1% Consolidated
Shareholding ratio 74.8% Consolidated
Number of shares held in own name treasury shares etc 5,500 shares Consolidated
Number of voting rights 85,095 units Consolidated
Total shareholder return 13.9% Parent only

Research and development (2 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses included in general and administrative expenses and manufacturing cost for current period ¥0.6 billion Consolidated
Research and development expenses ¥0.6 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥0.3 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥21.00 million Consolidated
Fees for audit and attestation services - total ¥21.00 million Consolidated

Balance sheet (102 items)

ItemValueConsolidated / Non-consolidated
Other ¥59.00 million Consolidated
Other ¥7.00 million Consolidated
Other ¥0.2 billion Consolidated
Other ¥0.4 billion Consolidated
Other ¥23.00 million Consolidated
Other, net ¥4.00 million Consolidated
Software ¥75.00 million Consolidated
Software in progress ¥18.00 million Consolidated
Provision for loss on business liquidation ¥4.00 million Consolidated
Retained earnings ¥-0.1 billion Consolidated
Raw materials and supplies ¥0.3 billion Consolidated
Merchandise and finished goods ¥0.8 billion Consolidated
Non-current liabilities ¥0.1 billion Consolidated
Non-current assets ¥0.7 billion Consolidated
Accounts receivable - trade ¥1.8 billion Consolidated
Accounts receivable - trade ¥1.8 billion Consolidated
Tools, furniture and fixtures ¥2.5 billion Consolidated
Tools, furniture and fixtures ¥0.3 billion Consolidated
Buildings and structures ¥0.2 billion Consolidated
Buildings and structures, net ¥0.2 billion Consolidated
Construction in progress ¥79.00 million Consolidated
Investments and other assets ¥59.00 million Consolidated
Property, plant and equipment ¥0.5 billion Consolidated
Income taxes payable ¥1.00 million Consolidated
Accounts payable - other ¥0.3 billion Consolidated
Shareholders' equity ¥2.8 billion Consolidated
Machinery, equipment and vehicles ¥10.00 million Consolidated
Machinery, equipment and vehicles, net ¥4.00 million Consolidated
Current liabilities ¥1.7 billion Consolidated
Current assets ¥4.0 billion Consolidated
Accumulated depreciation ¥-3.00 million Consolidated
Accumulated depreciation ¥-66.00 million Consolidated
Accumulated depreciation ¥-5.00 million Consolidated
Accumulated depreciation and impairment loss ¥-2.2 billion Consolidated
Foreign currency translation adjustment ¥26.00 million Consolidated
Intangible assets ¥0.1 billion Consolidated
Cash and cash equivalents ¥0.7 billion Consolidated
Cash and deposits ¥0.7 billion Consolidated
Short-term loans payable ¥0.5 billion Consolidated
Net assets ¥2.8 billion Consolidated
Net assets ¥2.8 billion Consolidated
Total assets ¥4.7 billion Consolidated
Treasury stock ¥-0 Consolidated
Provision for product warranties ¥0.1 billion Consolidated
Valuation and translation adjustments ¥26.00 million Consolidated
Liabilities ¥1.8 billion Consolidated
Liabilities and net assets ¥4.7 billion Consolidated
Accounts payable - trade ¥0.4 billion Consolidated
Allowance for doubtful accounts ¥-10.00 million Consolidated
Capital surplus ¥2.9 billion Consolidated
Capital stock ¥37.00 million Consolidated
Provision for bonuses ¥56.00 million Consolidated
Long-term loans payable ¥0.1 billion Consolidated
Current portion of long-term loans payable ¥0.1 billion Consolidated
Other ¥58.00 million Parent only
Other ¥4.00 million Parent only
Other ¥0.2 billion Parent only
Other ¥0.4 billion Parent only
Other ¥23.00 million Parent only
Other capital surplus ¥1.4 billion Parent only
Software ¥75.00 million Parent only
Software in progress ¥18.00 million Parent only
Provision for loss on business liquidation ¥4.00 million Parent only
Retained earnings ¥-0.1 billion Parent only
Legal retained earnings ¥0 Parent only
Raw materials and supplies ¥0.3 billion Parent only
Merchandise and finished goods ¥0.8 billion Parent only
Non-current liabilities ¥0.1 billion Parent only
Non-current assets ¥0.8 billion Parent only
Accounts receivable - trade ¥1.8 billion Parent only
Tools, furniture and fixtures ¥0.3 billion Parent only
Buildings ¥5.00 million Parent only
Buildings and accompanying facilities ¥0.2 billion Parent only
Construction in progress ¥79.00 million Parent only
Investments and other assets ¥0.1 billion Parent only
Property, plant and equipment ¥0.5 billion Parent only
Income taxes payable ¥2.00 million Parent only
Accounts payable - other ¥0.3 billion Parent only
Shareholders' equity ¥2.8 billion Parent only
Machinery, equipment and vehicles ¥4.00 million Parent only
Current liabilities ¥1.7 billion Parent only
Current assets ¥3.9 billion Parent only
Intangible assets ¥0.1 billion Parent only
Cash and deposits ¥0.6 billion Parent only
Short-term loans payable ¥0.5 billion Parent only
Net assets ¥2.8 billion Parent only
Net assets ¥2.8 billion Parent only
Total assets ¥4.6 billion Parent only
Retained earnings brought forward ¥-0.1 billion Parent only
Treasury stock ¥-0 Parent only
Provision for product warranties ¥0.1 billion Parent only
Liabilities ¥1.9 billion Parent only
Liabilities and net assets ¥4.6 billion Parent only
Accounts payable - trade ¥0.4 billion Parent only
Capital surplus ¥2.9 billion Parent only
Legal capital surplus ¥1.5 billion Parent only
Capital stock ¥37.00 million Parent only
Provision for bonuses ¥56.00 million Parent only
Long-term loans payable ¥0.1 billion Parent only
Shares of subsidiaries and associates ¥66.00 million Parent only
Long-term loans receivable from subsidiaries and affiliates ¥7.00 million Parent only
Current portion of long-term loans payable ¥0.1 billion Parent only

Accounts unique to this company (5 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥17.00 million Consolidated
Revenue ¥-0 Consolidated
Revenue ¥-39.00 million Consolidated
Revenue ¥17.00 million Parent only
Revenue ¥0.5 billion Parent only

Statement of income (79 items)

ItemValueConsolidated / Non-consolidated
Other comprehensive income ¥2.00 million Consolidated
Reversal of provision for loss on business liquidation ¥0 Consolidated
Business structure improvement expenses ¥0.7 billion Consolidated
Comprehensive income ¥-1.6 billion Consolidated
Interest income ¥2.00 million Consolidated
Dividend income ¥0 Consolidated
Operating income ¥-0.9 billion Consolidated
Non-operating income ¥14.00 million Consolidated
Non-operating expenses ¥52.00 million Consolidated
Net cash provided by (used in) operating activities ¥-0.6 billion Consolidated
Loss on retirement of non-current assets ¥0 Consolidated
Cost of sales ¥6.8 billion Consolidated
Gross profit (loss) ¥3.3 billion Consolidated
Net sales ¥10.1 billion Consolidated
Advertising expenses ¥0.7 billion Consolidated
Net income ¥-1.6 billion Consolidated
Net income ¥-1.6 billion Consolidated
Net income (loss) ¥-1.6 billion Consolidated
Net income (loss) ¥-1.6 billion Consolidated
Net cash provided by (used in) investing activities ¥-0.4 billion Consolidated
Interest expenses ¥12.00 million Consolidated
Issuance of new shares ¥55.00 million Consolidated
Income taxes - current ¥2.00 million Consolidated
Income taxes ¥5.00 million Consolidated
Income taxes - deferred ¥3.00 million Consolidated
Foreign exchange losses ¥31.00 million Consolidated
Foreign currency translation adjustment net of tax ¥2.00 million Consolidated
Extraordinary income ¥0 Consolidated
Extraordinary loss ¥0.7 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥-6.00 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥-0.7 billion Consolidated
Research and development expenses ¥0.3 billion Consolidated
Income (loss) before income taxes ¥-1.6 billion Consolidated
Income (loss) before income taxes ¥-1.6 billion Consolidated
Ordinary income ¥-0.9 billion Consolidated
Payrolls and allowances-SGA ¥0.7 billion Consolidated
Purchase of treasury stock ¥-0 Consolidated
Provision for product warranties ¥-76.00 million Consolidated
Comprehensive income attributable to owners of parent ¥-1.6 billion Consolidated
Net cash provided by (used in) financing activities ¥0.3 billion Consolidated
Selling, general and administrative expenses ¥4.2 billion Consolidated
Provision of allowance for doubtful accounts ¥10.00 million Consolidated
Provision for bonuses ¥56.00 million Consolidated
Miscellaneous income ¥12.00 million Consolidated
Other ¥9.00 million Consolidated
Reversal of provision for loss on business liquidation ¥0 Parent only
Business structure improvement expenses ¥0.7 billion Parent only
Interest income ¥2.00 million Parent only
Dividend income ¥0 Parent only
Operating income ¥-0.9 billion Parent only
Non-operating income ¥14.00 million Parent only
Non-operating expenses ¥51.00 million Parent only
Loss on retirement of non-current assets ¥0 Parent only
Cost of sales ¥6.8 billion Parent only
Gross profit (loss) ¥3.3 billion Parent only
Net sales ¥10.1 billion Parent only
Advertising expenses ¥0.6 billion Parent only
Net income (loss) ¥-1.6 billion Parent only
Net income (loss) ¥-1.6 billion Parent only
Interest expenses ¥12.00 million Parent only
Issuance of new shares ¥55.00 million Parent only
Income taxes - current ¥2.00 million Parent only
Income taxes ¥5.00 million Parent only
Income taxes - deferred ¥3.00 million Parent only
Depreciation ¥98.00 million Parent only
Foreign exchange losses ¥31.00 million Parent only
Extraordinary income ¥0 Parent only
Extraordinary loss ¥0.7 billion Parent only
Research and development expenses ¥0.3 billion Parent only
Income (loss) before income taxes ¥-1.6 billion Parent only
Ordinary income ¥-0.9 billion Parent only
Payrolls and allowances-SGA ¥0.6 billion Parent only
Purchase of treasury stock ¥-0 Parent only
Provision for product warranties ¥-76.00 million Parent only
Selling, general and administrative expenses ¥4.2 billion Parent only
Provision of allowance for doubtful accounts ¥10.00 million Parent only
Provision for bonuses ¥56.00 million Parent only
Miscellaneous income ¥12.00 million Parent only
Other ¥7.00 million Parent only

Statement of changes in equity (3 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-1.5 billion Consolidated
Net changes in items other than shareholders' equity ¥2.00 million Consolidated
Total changes during the period ¥-1.5 billion Parent only

Statement of cash flows (26 items)

ItemValueConsolidated / Non-consolidated
Increase (decrease) in other liabilities ¥-61.00 million Consolidated
Decrease (increase) in other assets ¥-25.00 million Consolidated
Increase decrease in provision for loss on business liquidation ¥-1.00 million Consolidated
Business structure improvement expenses ¥0.7 billion Consolidated
Increase decrease in notes and accounts payable trade ¥-0.3 billion Consolidated
Interest expenses paid ¥-12.00 million Consolidated
Interest and dividends income received ¥2.00 million Consolidated
Interest and dividend income ¥-2.00 million Consolidated
Loss on retirement of non-current assets ¥0 Consolidated
Decrease increase in notes and accounts receivable trade ¥0.6 billion Consolidated
Subtotal ¥-0.6 billion Consolidated
Interest expenses ¥12.00 million Consolidated
Purchase of property plant and equipment ¥-0.3 billion Consolidated
Share-based payment expenses ¥15.00 million Consolidated
Decrease (increase) in inventories ¥-0.1 billion Consolidated
Income taxes paid ¥-7.00 million Consolidated
Depreciation ¥0.3 billion Consolidated
Foreign exchange loss (gain) ¥7.00 million Consolidated
Purchase of intangible assets ¥-75.00 million Consolidated
Decrease/increase in short-term loans payable ¥0.4 billion Consolidated
Regarding purchase of treasury stock ¥-0 Consolidated
Increase (decrease) in provisions for product warranties ¥-76.00 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥10.00 million Consolidated
Increase (decrease) in provision for bonuses ¥6.00 million Consolidated
Proceeds from long term loans payable ¥0.3 billion Consolidated
Repayment of long term loans payable ¥-0.4 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-0.6 billion ConsolidatedDisclosed
Number of employees 104 ConsolidatedDisclosed
Net assets ¥2.8 billion ConsolidatedDisclosed
Net sales ¥10.1 billion ConsolidatedDisclosed
Operating income ¥-0.9 billion ConsolidatedDisclosed
Ordinary income ¥-0.9 billion ConsolidatedDisclosed
Net income ¥-1.6 billion ConsolidatedDisclosed
Total assets ¥4.7 billion ConsolidatedDisclosed
Operating margin -8.6%ConsolidatedCalculated
Net margin -15.8%ConsolidatedCalculated
Sales per employee 97259615 yenConsolidatedCalculated
Total asset turnover 2.17 timesConsolidatedCalculated
Net assets to total assets 60.3%ConsolidatedCalculated
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 -8.6%　Operating income ÷ net sales 　＝ ¥-0.9 billion ÷ ¥10.1 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin -15.8%　Net income ÷ net sales 　＝ ¥-1.6 billion ÷ ¥10.1 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 97,259,615 yen　Sales or operating revenue ÷ employees 　＝ ¥10.1 billion ÷ 104 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 2.17 times　Sales or operating revenue ÷ total assets 　＝ ¥10.1 billion ÷ ¥4.7 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 60.3%　Net assets ÷ total assets 　＝ ¥2.8 billion ÷ ¥4.7 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 down ¥0.6 billion + inventories up ¥0.1 billion, over net sales ¥10.1 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥0.3 billion, over depreciation ¥0.3 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2025 ÷ disclosed value for 2016

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 Electric Appliances 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. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Electric Appliances that disclose the item (industries with at least 5 companies only).

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: 104 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Electric Appliances 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

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

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 BALMUDA Inc. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 1012701010928 / 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