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Wintest

Wintest Corp.

Company highlights

The largest holder on the register is Wuhan Jingce Electronic Group Co., Ltd.（常任代理人 三田証券株式会社代表取締役社長 門倉 健仁）, at 37.3%.

Key figures

Period Jan 2025 to Dec 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥0.4B
Operating marginCalculated -284.0%
Net assets to total assetsCalculated 37.4%

Company profile

Securities code 6721 / EDINET code E02083 / Electric Appliances / Fiscal year end December 31

横浜市西区平沼１丁目２番２４号／Capital stock ¥2,954 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
輝 Representative
1 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jan 2025 to Dec 2025) · filed 2026-03-31

Profitability ★☆☆☆☆position among all companies -284.0%
Growth (revenue, 4-year average) ★★★★☆position among all companies 8.7%
Capital efficiency ★☆☆☆☆position among all companies -2.4%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

Wintest

Period Jan 2025 to Dec 2025Source Annual securities reports

Net sales and operating revenue ¥0.4B　100% Cost of sales ¥0.9B　100% Selling, general and administrative expenses ¥0.7B　100% Operating income ¥-1.2B　100%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Research and development expenses ¥0.2 billion Consolidated
Salaries and allowances ¥0.2 billion Consolidated
Directors' compensations ¥44.10 million Consolidated
Legal welfare expenses ¥27.57 million Parent only
Traveling and transportation expenses ¥22.51 million Parent only
Bonuses ¥9.77 million Parent only
Profit by stage Net income ¥-1.2 billion Consolidated
Operating income ¥-1.2 billion Consolidated
Ordinary income ¥-1.2 billion Consolidated
Gross profit (loss) ¥-0.5 billion Consolidated

Wintest

Selling, general and administrative expenses

Period Jan 2025 to Dec 2025Source Annual securities reports

Research and development expenses ¥0.2 billion (29.7%)30%Salaries and allowances ¥0.2 billion (22.9%)23%Directors' compensations ¥0.0 billion (6.1%)6%Legal welfare expenses ¥0.0 billion (3.8%)Traveling and transportation expenses ¥0.0 billion (3.1%)Bonuses ¥0.0 billion (1.3%)Other (not itemized) ¥0.2 billion (33.1%)33%¥0.7B
  • Research and development expenses　¥0.2 billion
  • Salaries and allowances　¥0.2 billion
  • Directors' compensations　¥0.0 billion
  • Legal welfare expenses　¥0.0 billion
  • Traveling and transportation expenses　¥0.0 billion
  • Bonuses　¥0.0 billion
  • Other (not itemized)　¥0.2 billion

Performance, financial position and capital allocation

Finance
37.4% Net assets to total assets Industry median 62.9% FY ending 12/2025 · consolidated / calculated
-135.1% Return on assets (ROA)
¥6.4 Net assets per share
¥-0.8 billion Free cash flow
¥0.9 billion Total assets
Capital allocation
-92.7% Increase in working capital ★☆☆☆☆ position among all companies FY ending 12/2025 · consolidated / calculated
17.2% Property, plant and equipment purchases relative to depreciation ★☆☆☆☆ position among all companies FY ending 12/2025 · consolidated / calculated

Long-term changes in performance

Period 2012 to 2025Disclosed

Revenue ×0.64 from 2012 to 2025

Wintest

Long-term revenue, profit and asset trends

Period 2012 to 2025Source Annual securities reportsDisclosed

Mark on the chart
1 0 -1 -1 2012 2014 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Ordinary income 2013　Net sales year on year -79.9%, Ordinary income (loss) as a share of revenue -269.2 points 2014　Net sales year on year +198.0%, Ordinary income (loss) as a share of revenue +232.1 points 2015　Net sales year on year -22.3%, Ordinary income (loss) as a share of revenue -11.4 points 2018　Ordinary income (loss) as a share of revenue -11.4 points 2019　Net sales year on year +84.7%, Ordinary income (loss) as a share of revenue +11.0 points 2021　Net sales year on year -61.8%, Ordinary income (loss) as a share of revenue -223.7 points, Ordinary income (loss) profit to loss 2022　Net sales year on year -31.6%, Ordinary income (loss) as a share of revenue -107.7 points 2023　Net sales year on year +93.7%, Ordinary income (loss) as a share of revenue +189.6 points 2024　Ordinary income (loss) as a share of revenue -126.8 points 2025　Ordinary income (loss) as a share of revenue -21.6 points 0Latest value 2025 0¥ billion 1Highest in the period shown 2020 1¥ billion 0Lowest in the period shown 2013 0¥ billion ¥ billion

Wintest

Recent performance trends

Source Annual securities reports

0 -0 -1 -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 2012 to 2025Disclosed

Item20212022202320242025
Net sales ¥0.3B ¥0.2B ¥0.4B ¥0.4B ¥0.4B
Year on year (%) -61.8%◆ -31.6%◆ +93.7%◆ +2.4% +2.9%
Ordinary income (loss) -¥0.7B -¥0.7B -¥0.6B -¥1.1B -¥1.2B
Change from prior year profit to loss◆ 1.02x 0.81x 1.98x 1.11x
Ordinary income (loss) as a share of Net sales -217.4% -325.1% -135.5% -262.3% -283.9%
Change (percentage points) -223.7 points◆ -107.7 points◆ +189.6 points◆ -126.8 points◆ -21.6 points◆

Fiscal periods marked for changes

Earlier fiscal periods (7)
  • 2013Net sales year on year -79.9%, Ordinary income (loss) as a share of revenue -269.2 points
  • 2014Net sales year on year +198.0%, Ordinary income (loss) as a share of revenue +232.1 points
  • 2015Net sales year on year -22.3%, Ordinary income (loss) as a share of revenue -11.4 points
  • 2018Ordinary income (loss) as a share of revenue -11.4 points
  • 2019Net sales year on year +84.7%, Ordinary income (loss) as a share of revenue +11.0 points
  • 2021Net sales year on year -61.8%, Ordinary income (loss) as a share of revenue -223.7 points, Ordinary income (loss) profit to loss
  • 2022Net sales year on year -31.6%, Ordinary income (loss) as a share of revenue -107.7 points
  • 2023Net sales year on year +93.7%, Ordinary income (loss) as a share of revenue +189.6 points
  • 2024Ordinary income (loss) as a share of revenue -126.8 points
  • 2025Ordinary income (loss) as a share of revenue -21.6 points

Wintest

Earnings and net assets per share over time

Unit yenSource Annual securities reports

-14 -18 -21 -25 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 48 32 16 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

Wintest

Return on equity over time

Unit %Source Annual securities reports

-34 -103 -173 -242 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥0.3 billion ¥0.2 billion ¥0.4 billion ¥0.4 billion ¥0.4 billion
Ordinary income (loss) ¥-0.7 billion ¥-0.7 billion ¥-0.6 billion ¥-1.1 billion ¥-1.2 billion
Net income (loss) attributable to owners of parent ¥-0.6 billion ¥-0.7 billion ¥-0.6 billion ¥-1.1 billion ¥-1.2 billion
Comprehensive income ¥-0.5 billion ¥-0.7 billion ¥-0.5 billion ¥-1.1 billion ¥-1.0 billion
Net assets ¥1.6 billion ¥1.4 billion ¥1.7 billion ¥0.7 billion ¥0.3 billion
Total assets ¥1.9 billion ¥1.9 billion ¥2.0 billion ¥1.2 billion ¥0.9 billion
Net assets per share 47.86 yen 37.24 yen 37.94 yen 15.12 yen 6.4 yen
Basic earnings (loss) per share -19.04 yen -19.87 yen -13.85 yen -25.27 yen -23.45 yen
Equity-to-asset ratio 83.4% 70.6% 83.9% 57.0% 37.4%
Return on equity -33.9% -46.9% -37.0% -94.6% -242.5%
Net cash provided by (used in) operating activities ¥-0.9 billion ¥-0.6 billion ¥-0.6 billion ¥-0.7 billion ¥-0.8 billion
Net cash provided by (used in) investing activities ¥21.85 million ¥3.88 million ¥-0.30 million ¥-1.91 million ¥-30.71 million
Net cash provided by (used in) financing activities ¥68.62 million ¥0.7 billion ¥0.6 billion ¥0.2 billion ¥0.7 billion
Cash and cash equivalents ¥0.2 billion ¥0.3 billion ¥0.4 billion ¥90.70 million ¥82.96 million
Parent only indicators (11 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥0.3 billion ¥0.2 billion ¥0.3 billion ¥0.2 billion ¥0.5 billion
Ordinary income (loss) ¥-0.5 billion ¥-0.5 billion ¥-0.5 billion ¥-0.8 billion ¥-0.5 billion
Net income (loss) ¥-0.5 billion ¥-0.5 billion ¥-0.5 billion ¥-1.4 billion ¥-1.0 billion
Capital stock ¥1.0 billion ¥1.2 billion ¥1.6 billion ¥1.7 billion ¥2.0 billion
Total number of issued shares (common stock) 33,041,000 shares 36,072,000 shares 43,641,000 shares 45,059,100 shares 53,641,000 shares
Net assets ¥1.8 billion ¥1.7 billion ¥2.0 billion ¥0.7 billion ¥0.3 billion
Total assets ¥2.0 billion ¥2.1 billion ¥2.2 billion ¥1.0 billion ¥0.6 billion
Net assets per share 53.79 yen 45.54 yen 45.27 yen 15.04 yen 6.32 yen
Basic earnings (loss) per share -15.41 yen -15.9 yen -12.5 yen -31.81 yen -19.8 yen
Equity-to-asset ratio 90.0% 79.8% 88.9% 67.9% 54.7%
Return on equity -25.1% -32.1% -27.7% -104.9% -206.3%

Shareholder composition

As of 2025-12-31Disclosed

Share ownership by holder category

11,385 Shareholders
51.49% Foreign holders (total) Industry median 17.41%
43.81% Individuals and others Industry median 38.53%

Wintest

Unit %Source Annual securities reports

  • Financial institutions0.15%
  • Securities firms4.19%
  • Other corporations0.36%
  • Foreign holders (institutions)50.44%
  • Foreign holders (individuals)1.05%
  • Individuals and others43.81%

Major shareholders

RankShareholderShareholding ratioShares held
1 Wuhan Jingce Electronic Group Co., Ltd.（常任代理人 三田証券株式会社代表取締役社長 門倉 健仁） 37.28% 20,000,000
2 RAKUGEN OVERSEAS INTERNATIONAL (ＨＫ) LIMITED（常任代理人 三田証券株式会社代表取締役社長 門倉 健仁） 6.83% 3,669,000
3 楽天証券株式会社共有口 2.65% 1,422,900
4 大畑 雅稔 2.32% 1,249,600
5 PHILLIP SECURITIES (HONG KONG) LIMITED（常任代理人 フィリップ証券株式会社 代表取締役社長 永堀 真） 1.45% 782,100
6 UBS AG HONG KONG（常任代理人 シティバンク、エヌ・エイ東京支店 カストディ業務部長 石川 潤） 1.39% 750,000
7 INTERACTIVE BROKERS LLC（常任代理人 インタラクティブ・ブローカーズ証券株式会社 代表取締役 ケリガン ダニエル） 1.2% 648,900
8 BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)株式会社三菱ＵＦＪ銀行取締役頭取執行役員半沢 淳一PETERBOROUGH COURT133 FLEET STREET 0.87% 469,800
9 小熊 雄二郎 0.69% 372,100
10 村上 勇人 0.64% 343,600

Research and development expenses and capital expenditure

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

¥0.2 billion Research and development 50.4% of revenue (industry median 4.1%)
Not disclosed Capital expenditure
Fiscal year Research and development
FY ending 12/2025 ¥0.2 billion
FY ending 12/2024 ¥0.2 billion
FY ending 12/2020 ¥0.1 billion
FY ending 12/2019 ¥0.2 billion

Revenue scale in the same industry

Wintest

Source Annual securities reports of each company

Electric Appliances: 239 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

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

49 Employees (parent only) Industry median 544
53.0 Average age Industry median 43.4
19.0 years Average length of service Industry median 16.0 years
¥5.27 million Average annual salary Industry median ¥7.05 million
People and organisation
6.3¥ million Sales per employee Industry median 32.3¥ million FY ending 12/2025 · consolidated / calculated
¥-17.92 million Operating income per employee
10 Average temporary staff

Audit and disclosure information

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

ItemValue
Audit firm 監査法人アリア
Audit fees (this year, total) ¥29.80 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 ¥-1.0 billion Consolidated
Net cash provided by (used in) operating activities ¥-0.8 billion Consolidated
Net sales ¥0.4 billion Consolidated
Net cash provided by (used in) investing activities ¥-30.71 million Consolidated
Cash and cash equivalents ¥82.96 million Consolidated
Net assets ¥0.3 billion Consolidated
Ordinary income (loss) ¥-1.2 billion Consolidated
Total assets ¥0.9 billion Consolidated
Return on equity -242.5% Consolidated
Equity-to-asset ratio 37.4% Consolidated
Net income (loss) attributable to owners of parent ¥-1.2 billion Consolidated
Net cash provided by (used in) financing activities ¥0.7 billion Consolidated
Basic earnings (loss) per share -23.45 yen Consolidated
Net assets per share 6.4 yen Consolidated
Net sales ¥0.5 billion Parent only
Net income (loss) ¥-1.0 billion Parent only
Total number of issued shares (common stock) 53,641,000 shares Parent only
Net assets ¥0.3 billion Parent only
Ordinary income (loss) ¥-0.5 billion Parent only
Total assets ¥0.6 billion Parent only
Return on equity -206.3% Parent only
Equity-to-asset ratio 54.7% Parent only
Capital stock ¥2.0 billion Parent only
Basic earnings (loss) per share -19.8 yen Parent only
Net assets per share 6.32 yen Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 68 people Consolidated
Number of employees 68 people Consolidated
Average length of service (years) 19 years Parent only
Average length of service months 9 months Parent only
Average annual salary ¥5.27 million Parent only
Average age (years) 53 years old Parent only
Average age months 7 months 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 (9 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 10 people Consolidated
Average number of temporary employees 10 people Consolidated
Write-downs of inventories ¥0.6 billion Consolidated
Number of consolidated subsidiaries 1 companies Consolidated
Average number of temporary employees 10 people Parent only
Average number of temporary employees 10 people Parent only
Average number of temporary employees 10 people Parent only
Total return on the share price index 189.0% Parent only
Write-downs of inventories ¥0.1 billion Parent only

Shares (5 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 29,708,000 shares Consolidated
Number of shares 53,641,000 shares Consolidated
Shareholding ratio 55.4% Consolidated
Number of voting rights 536,332 units Consolidated
Total shareholder return 39.5% 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 ¥0.2 billion Consolidated
Research and development expenses ¥0.2 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥29.80 million Consolidated
Fees for audit and attestation services - total ¥29.80 million Consolidated

Balance sheet (91 items)

ItemValueConsolidated / Non-consolidated
Other ¥27.49 million Consolidated
Other ¥42.98 million Consolidated
Other ¥22.31 million Consolidated
Lease obligations ¥6.22 million Consolidated
Work in process ¥0.3 billion Consolidated
Retained earnings ¥-4.4 billion Consolidated
Advance payments trade ¥2.99 million Consolidated
Raw materials and supplies ¥0.2 billion Consolidated
Merchandise and finished goods ¥57.46 million Consolidated
Non-current liabilities ¥94.38 million Consolidated
Non-current assets ¥27.49 million Consolidated
Accounts receivable - trade ¥0.2 billion Consolidated
Contract liabilities ¥3.29 million Consolidated
Tools, furniture and fixtures ¥0.2 billion Consolidated
Buildings ¥16.78 million Consolidated
Investments and other assets ¥27.49 million Consolidated
Consumption taxes receivable ¥25.05 million Consolidated
Income taxes payable ¥2.48 million Consolidated
Accounts payable - other ¥79.46 million Consolidated
Shareholders' equity ¥-25.64 million Consolidated
Current liabilities ¥0.5 billion Consolidated
Current assets ¥0.9 billion Consolidated
Accumulated depreciation ¥-0.2 billion Consolidated
Accumulated depreciation ¥-16.78 million Consolidated
Accumulated depreciation ¥-8.88 million Consolidated
Foreign currency translation adjustment ¥0.4 billion Consolidated
Cash and cash equivalents ¥82.96 million Consolidated
Cash and deposits ¥82.96 million Consolidated
Short-term loans payable ¥0.1 billion Consolidated
Net assets ¥0.3 billion Consolidated
Net assets ¥0.3 billion Consolidated
Total assets ¥0.9 billion Consolidated
Valuation and translation adjustments ¥0.4 billion Consolidated
Liabilities ¥0.6 billion Consolidated
Liabilities and net assets ¥0.9 billion Consolidated
Accounts payable - trade ¥0.2 billion Consolidated
Capital surplus ¥2.3 billion Consolidated
Capital stock ¥2.0 billion Consolidated
Asset retirement obligations ¥15.32 million Consolidated
Vehicle and delivery equipment ¥8.88 million Consolidated
Long-term loans payable ¥72.84 million Consolidated
Electronically recorded monetary claims - operating ¥1.34 million Consolidated
Current portion of long-term loans payable ¥32.06 million Consolidated
Other ¥6.22 million Parent only
Other ¥20.62 million Parent only
Other ¥1.01 million Parent only
Other ¥9.10 million Parent only
Other capital surplus ¥0.3 billion Parent only
Work in process ¥0.2 billion Parent only
Retained earnings ¥-4.0 billion Parent only
Prepaid expenses ¥16.64 million Parent only
Raw materials and supplies ¥58.35 million Parent only
Merchandise and finished goods ¥9.63 million Parent only
Non-current liabilities ¥94.38 million Parent only
Non-current assets ¥27.49 million Parent only
Accounts receivable - trade ¥0.4 billion Parent only
Contract liabilities ¥3.29 million Parent only
Tools, furniture and fixtures ¥0.2 billion Parent only
Buildings ¥16.78 million Parent only
Investments and other assets ¥27.49 million Parent only
Consumption taxes receivable ¥25.05 million Parent only
Income taxes payable ¥2.48 million Parent only
Accrued expenses ¥15.65 million Parent only
Accounts payable - other ¥20.23 million Parent only
Shareholders' equity ¥0.3 billion Parent only
Current liabilities ¥0.2 billion Parent only
Current assets ¥0.6 billion Parent only
Accumulated depreciation ¥-0.2 billion Parent only
Accumulated depreciation ¥-16.78 million Parent only
Accumulated depreciation ¥-8.88 million Parent only
Cash and deposits ¥50.33 million Parent only
Short-term loans payable ¥0.1 billion Parent only
Net assets ¥0.3 billion Parent only
Net assets ¥0.3 billion Parent only
Total assets ¥0.6 billion Parent only
Retained earnings brought forward ¥-4.0 billion Parent only
Liabilities ¥0.3 billion Parent only
Liabilities and net assets ¥0.6 billion Parent only
Accounts payable - trade ¥6.59 million Parent only
Allowance for doubtful accounts ¥-0.3 billion Parent only
Capital surplus ¥2.3 billion Parent only
Legal capital surplus ¥2.0 billion Parent only
Capital stock ¥2.0 billion Parent only
Asset retirement obligations ¥15.32 million Parent only
Vehicle and delivery equipment ¥8.88 million Parent only
Long-term loans payable ¥72.84 million Parent only
Long-term prepaid expenses ¥6.87 million Parent only
Loans receivable to subsidiaries and affiliates ¥0.1 billion Parent only
Electronically recorded monetary claims - operating ¥1.34 million Parent only
Deposits received ¥5.70 million Parent only
Current portion of long-term loans payable ¥32.06 million Parent only

Statement of income (78 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.74 million Consolidated
Other ¥0.45 million Consolidated
Other comprehensive income ¥0.2 billion Consolidated
Gain on sales of scrap ¥2.43 million Consolidated
Comprehensive income ¥-1.0 billion Consolidated
Interest income ¥0.46 million Consolidated
Operating income ¥-1.2 billion Consolidated
Non-operating income ¥5.97 million Consolidated
Non-operating expenses ¥5.31 million Consolidated
Net cash provided by (used in) operating activities ¥-0.8 billion Consolidated
Cost of sales ¥0.9 billion Consolidated
Gross profit (loss) ¥-0.5 billion Consolidated
Net sales ¥0.4 billion Consolidated
Net income ¥-1.2 billion Consolidated
Net income ¥-1.2 billion Consolidated
Net income (loss) ¥-1.2 billion Consolidated
Net income (loss) ¥-1.2 billion Consolidated
Directors' compensations ¥44.10 million Consolidated
Net cash provided by (used in) investing activities ¥-30.71 million Consolidated
Interest expenses ¥4.21 million Consolidated
Commission fees ¥0.65 million Consolidated
Issuance of new shares ¥0.7 billion Consolidated
Gain on reversal of share acquisition rights ¥8.70 million Consolidated
Income taxes - current ¥2.48 million Consolidated
Income taxes ¥2.48 million Consolidated
Impairment loss ¥30.66 million Consolidated
Foreign currency translation adjustment net of tax ¥0.2 billion Consolidated
Extraordinary income ¥8.70 million Consolidated
Extraordinary loss ¥30.66 million Consolidated
Effect of exchange rate change on cash and cash equivalents ¥0.1 billion Consolidated
Net increase (decrease) in cash and cash equivalents ¥-7.75 million Consolidated
Research and development expenses ¥0.2 billion Consolidated
Income (loss) before income taxes ¥-1.2 billion Consolidated
Income (loss) before income taxes ¥-1.2 billion Consolidated
Ordinary income ¥-1.2 billion Consolidated
Salaries and allowances ¥0.2 billion Consolidated
Subsidy income ¥2.34 million Consolidated
Comprehensive income attributable to owners of parent ¥-1.0 billion Consolidated
Net cash provided by (used in) financing activities ¥0.7 billion Consolidated
Selling, general and administrative expenses ¥0.7 billion Consolidated
Other ¥0.74 million Parent only
Other ¥0.02 million Parent only
Gain on sales of scrap ¥2.43 million Parent only
Interest income ¥3.42 million Parent only
Total ¥0.3 billion Parent only
Ending merchandise and finished goods ¥9.63 million Parent only
Beginning merchandise and finished goods ¥38.20 million Parent only
Operating income ¥-0.5 billion Parent only
Non-operating income ¥6.59 million Parent only
Non-operating expenses ¥5.12 million Parent only
Cost of sales ¥0.3 billion Parent only
Gross profit (loss) ¥0.2 billion Parent only
Net sales ¥0.5 billion Parent only
Cost of purchased goods ¥10.04 million Parent only
Net income (loss) ¥-1.0 billion Parent only
Net income (loss) ¥-1.0 billion Parent only
Cost of products manufactured ¥0.2 billion Parent only
Directors' compensations ¥44.10 million Parent only
Interest expenses ¥4.02 million Parent only
Commission fees ¥0.65 million Parent only
Issuance of new shares ¥0.7 billion Parent only
Gain on reversal of share acquisition rights ¥8.70 million Parent only
Traveling and transportation expenses ¥22.51 million Parent only
Income taxes - current ¥2.48 million Parent only
Income taxes ¥2.48 million Parent only
Legal welfare expenses ¥27.57 million Parent only
Impairment loss ¥30.66 million Parent only
Foreign exchange losses ¥0.42 million Parent only
Extraordinary income ¥8.70 million Parent only
Extraordinary loss ¥0.6 billion Parent only
Research and development expenses ¥0.2 billion Parent only
Income (loss) before income taxes ¥-1.0 billion Parent only
Ordinary income ¥-0.5 billion Parent only
Salaries and allowances ¥0.1 billion Parent only
Selling, general and administrative expenses ¥0.6 billion Parent only
Provision of allowance for doubtful accounts ¥0.3 billion Parent only
Bonuses ¥9.77 million Parent only
Loss on valuation of investments in capital of subsidiaries and associates ¥0.3 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-0.4 billion Consolidated
Net changes in items other than shareholders' equity ¥0.2 billion Consolidated
Total changes during the period ¥-0.4 billion Parent only
Net changes in items other than shareholders' equity ¥-18.84 million Parent only

Statement of cash flows (24 items)

ItemValueConsolidated / Non-consolidated
Other ¥-32.39 million Consolidated
Repayments of lease obligations ¥-1.13 million Consolidated
Increase decrease in notes and accounts payable trade ¥94.22 million Consolidated
Interest expenses paid ¥-4.21 million Consolidated
Interest and dividends income received ¥0.46 million Consolidated
Increase (decrease) in advances received ¥-0.04 million Consolidated
Decrease (increase) in advance payments to suppliers ¥-0.36 million Consolidated
Interest and dividend income ¥-0.46 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-0.1 billion Consolidated
Subtotal ¥-0.7 billion Consolidated
Interest expenses ¥4.21 million Consolidated
Proceeds from exercise of share acquisition rights ¥0.7 billion Consolidated
Gain on reversal of share acquisition rights ¥-8.70 million Consolidated
Purchase of property plant and equipment ¥-1.49 million Consolidated
Decrease/increase in consumption taxes receivable/payable ¥1.56 million Consolidated
Decrease (increase) in inventories ¥0.5 billion Consolidated
Income taxes paid ¥-2.48 million Consolidated
Income taxes refund ¥4,000 Consolidated
Depreciation ¥8.65 million Consolidated
Impairment loss ¥30.66 million Consolidated
Purchase of intangible assets ¥-29.22 million Consolidated
Increase in short term loans payable ¥0.1 billion Consolidated
Decrease in short term loans payable ¥-0.1 billion Consolidated
Repayment of long term loans payable ¥-32.06 million Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-0.8 billion ConsolidatedDisclosed
Number of employees 68 ConsolidatedDisclosed
Net assets ¥0.3 billion ConsolidatedDisclosed
Net sales ¥0.4 billion ConsolidatedDisclosed
Operating income ¥-1.2 billion ConsolidatedDisclosed
Ordinary income ¥-1.2 billion ConsolidatedDisclosed
Net income ¥-1.2 billion ConsolidatedDisclosed
Total assets ¥0.9 billion ConsolidatedDisclosed
Operating margin -284.0%ConsolidatedCalculated
Net margin -289.6%ConsolidatedCalculated
Sales per employee 6309603 yenConsolidatedCalculated
Total asset turnover 0.47 timesConsolidatedCalculated
Net assets to total assets 37.4%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 -284%　Operating income ÷ net sales 　＝ ¥-1.2 billion ÷ ¥0.4 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin -289.6%　Net income ÷ net sales 　＝ ¥-1.2 billion ÷ ¥0.4 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 6,309,603 yen　Sales or operating revenue ÷ employees 　＝ ¥0.4 billion ÷ 68 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.47 times　Sales or operating revenue ÷ total assets 　＝ ¥0.4 billion ÷ ¥0.9 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 37.4%　Net assets ÷ total assets 　＝ ¥0.3 billion ÷ ¥0.9 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　代表取締役 姜, 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 ¥0.1 billion + inventories down ¥0.5 billion, over net sales ¥0.4 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥1.49 million, over depreciation ¥8.65 million

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 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: 68 (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

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 Wintest Corp. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 3020001025396 / 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