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Aizu Railway

Aizu Railway Co.,Ltd.

Company highlights

The largest segment by revenue is Railway service, at 86.4% of the total.

Key figures

Period Apr 2025 to Mar 2026Parent onlyJapanese GAAP

RevenueDisclosed ¥0.4B
Operating marginCalculated -100.8%
Net assets to total assetsCalculated 36.3%

Company profile

No securities code (not listed) / EDINET code E04141 / Land Transportation / Fiscal year end March 31

会津若松市材木町一丁目３番２０号／Capital stock ¥1,500 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

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Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-29

Profitability ★☆☆☆☆position among all companies -100.8%
Growth (revenue, 4-year average) ★★★☆☆position among all companies 7.0%
Capital efficiency ★☆☆☆☆position among all companies -13.5%

Business activities and revenue composition

Aizu Railway

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsParent only・Disclosed

Railway ser…Railway service Sales 86.4% 86% SalesSales Sales 12.7% 13% Travel agen…Travel agency Sales 0.9% 1%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearMarginLast year
Railway service ¥0.3 billion 86.4% ¥0.3 billion ¥-0.4 billion -114.9% ¥-0.4 billion
Sales ¥49.42 million 12.7% ¥36.54 million ¥-8.99 million -18.2% ¥3.55 million
Travel agency ¥3.52 million 0.9% ¥3.71 million ¥3.04 million 86.4% ¥3.21 million
Total of the businesses ¥0.4 billion100.0%

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Profit by stage Operating income ¥-0.4 billion Parent only
Ordinary income ¥-0.4 billion Parent only

Performance, financial position and capital allocation

Finance
36.3% Net assets to total assets Industry median 41.8% FY ending 3/2026 · consolidated / calculated
¥5,131.47 Net assets per share
¥0.4 billion Total assets

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×0.88 from 2013 to 2026

Aizu Railway

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
0 0 -0 -0 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2014　Ordinary income (loss) as a share of revenue +3.0 points 2017　Ordinary income (loss) as a share of revenue +9.9 points 2018　Ordinary income (loss) as a share of revenue -6.7 points 2020　Ordinary income (loss) as a share of revenue +21.2 points 2021　Net sales year on year -39.9%, Ordinary income (loss) as a share of revenue +79.7 points 2022　Ordinary income (loss) as a share of revenue -299.0 points, Ordinary income (loss) profit to loss 2023　Ordinary income (loss) as a share of revenue +23.2 points 2024　Ordinary income (loss) as a share of revenue +30.7 points 2025　Ordinary income (loss) as a share of revenue +3.8 points 2026　Ordinary income (loss) as a share of revenue -6.1 points 0Latest value 2026 0¥ billion 0Highest in the period shown 2018 0¥ billion 0Lowest in the period shown 2021 0¥ billion ¥ billion

Aizu Railway

Recent performance trends

Source Annual securities reports

0 0 -0 -0 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 2013 to 2026Disclosed

Item20222023202420252026
Net sales ¥0.3B ¥0.3B ¥0.4B ¥0.4B ¥0.4B
Year on year (%) +12.8% +7.3% +12.0% +3.3% +5.7%
Ordinary income (loss) -¥0.4B -¥0.4B -¥0.3B -¥0.3B -¥0.4B
Change from prior year profit to loss◆ 0.90x 0.84x 0.99x 1.13x
Ordinary income (loss) as a share of Net sales -146.1% -123.0% -92.2% -88.4% -94.5%
Change (percentage points) -299.0 points◆ +23.2 points◆ +30.7 points◆ +3.8 points◆ -6.1 points◆

Fiscal periods marked for changes

Earlier fiscal periods (7)
  • 2014Ordinary income (loss) as a share of revenue +3.0 points
  • 2017Ordinary income (loss) as a share of revenue +9.9 points
  • 2018Ordinary income (loss) as a share of revenue -6.7 points
  • 2020Ordinary income (loss) as a share of revenue +21.2 points
  • 2021Net sales year on year -39.9%, Ordinary income (loss) as a share of revenue +79.7 points
  • 2022Ordinary income (loss) as a share of revenue -299.0 points, Ordinary income (loss) profit to loss
  • 2023Ordinary income (loss) as a share of revenue +23.2 points
  • 2024Ordinary income (loss) as a share of revenue +30.7 points
  • 2025Ordinary income (loss) as a share of revenue +3.8 points
  • 2026Ordinary income (loss) as a share of revenue -6.1 points

Aizu Railway

Earnings and net assets per share over time

Unit yenSource Annual securities reports

2,327 1,260 194 -873 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 6,695 4,463 2,232 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

Aizu Railway

Return on equity over time

Unit %Source Annual securities reports

36 19 2 -15 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥0.3 billion ¥0.3 billion ¥0.4 billion ¥0.4 billion ¥0.4 billion
Ordinary income (loss) ¥-0.4 billion ¥-0.4 billion ¥-0.3 billion ¥-0.3 billion ¥-0.4 billion
Net income (loss) ¥69.81 million ¥0.57 million ¥6.23 million ¥-26.19 million ¥-20.71 million
Capital stock ¥1.5 billion ¥1.5 billion ¥1.5 billion ¥1.5 billion ¥1.5 billion
Total number of issued shares (common stock) 30,000 shares 30,000 shares 30,000 shares 30,000 shares 30,000 shares
Net assets ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.2 billion
Total assets ¥1.8 billion ¥0.7 billion ¥0.6 billion ¥0.6 billion ¥0.4 billion
Net assets per share 6,468.04 yen 6,487.15 yen 6,694.8 yen 5,821.87 yen 5,131.47 yen
Basic earnings (loss) per share 2,326.95 yen 19.11 yen 207.64 yen -872.92 yen -690.4 yen
Equity-to-asset ratio 10.7% 27.1% 33.8% 28.6% 36.2%
Return on equity 36.0% 0.3% 3.1% -15.0% -13.5%
Net cash provided by (used in) operating activities ¥0.5 billion ¥-0.1 billion ¥0.2 billion ¥0.2 billion ¥0.5 billion
Net cash provided by (used in) investing activities ¥-0.2 billion ¥-0.2 billion ¥-0.2 billion ¥-0.2 billion ¥-0.6 billion
Cash and cash equivalents ¥0.5 billion ¥0.1 billion ¥0.1 billion ¥0.1 billion ¥44.20 million

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

451 Shareholders
10.14% Individuals and others Industry median 36.62%

Aizu Railway

Unit %Source Annual securities reports

  • Financial institutions15.78%
  • Other corporations24.07%
  • Individuals and others10.14%
  • Government and municipalities50.00%

Major shareholders

RankShareholderShareholding ratioShares held
1 福島県 31.67% 9,500
2 会津若松市 8.99% 2,698
3 株式会社日本政策投資銀行 5.33% 1,600
4 南会津町 5.15% 1,544
5 株式会社東邦銀行 4.58% 1,375
6 下郷町 2.94% 881
7 東武鉄道株式会社 2.67% 800
8 会津信用金庫 2.0% 600
9 東北電力株式会社 2.0% 600
10 株式会社福島銀行 1.67% 500
11 株式会社大東銀行 1.67% 500

Revenue scale in the same industry

Aizu Railway

Source Annual securities reports of each company

Land Transportation: 93 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

68 Employees (parent only) Industry median 349
42.1 Average age Industry median 43.9
13.1 years Average length of service Industry median 15.6 years
¥4.25 million Average annual salary Industry median ¥6.52 million
People and organisation
5.7¥ million Sales per employee Industry median 24.1¥ million FY ending 3/2026 · parent company only / calculated
¥-5.79 million Operating income per employee
8 Average temporary staff

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 伊藤公認会計士事務所
Audit fees (this year, filing company) ¥4.00 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) (14 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities ¥0.5 billion Parent only
Net sales ¥0.4 billion Parent only
Net income (loss) ¥-20.71 million Parent only
Net cash provided by (used in) investing activities ¥-0.6 billion Parent only
Cash and cash equivalents ¥44.20 million Parent only
Total number of issued shares (common stock) 30,000 shares Parent only
Net assets ¥0.2 billion Parent only
Ordinary income (loss) ¥-0.4 billion Parent only
Total assets ¥0.4 billion Parent only
Return on equity -13.5% Parent only
Equity-to-asset ratio 36.2% Parent only
Capital stock ¥1.5 billion Parent only
Basic earnings (loss) per share -690.4 yen Parent only
Net assets per share 5,131.47 yen Parent only

Employees (5 items)

ItemValueConsolidated / Non-consolidated
Average length of service (years) 13.11 years Parent only
Average annual salary ¥4.25 million Parent only
Average age (years) 42.1 years old Parent only
Number of employees 68 people Parent only
Number of employees 68 people Parent only

Other disclosed items (5 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥0.4 billion Parent only
Average number of temporary employees 8 people Parent only
Average number of temporary employees 8 people Parent only
Increase in property plant and equipment and intangible assets ¥24.08 million Parent only
Depreciation ¥36.65 million Parent only

Shares (4 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 20,598 shares Consolidated
Number of shares 30,000 shares Consolidated
Shareholding ratio 68.7% Consolidated
Number of voting rights 30,000 units Consolidated

Audit (1 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥4.00 million Consolidated

Accounts unique to this company (4 items)

ItemValueConsolidated / Non-consolidated
Change in average annual salary from the previous year 15.4% Parent only
Revenue ¥97.84 million Parent only
Revenue ¥-17.75 million Parent only
Revenue ¥0.08 million Parent only

Balance sheet (36 items)

ItemValueConsolidated / Non-consolidated
Other ¥2.40 million Parent only
Other ¥6.82 million Parent only
Other ¥11.84 million Parent only
Retained earnings ¥-1.3 billion Parent only
Advances received ¥0.06 million Parent only
Merchandise ¥3.19 million Parent only
Non-current liabilities ¥0.1 billion Parent only
Non-current assets ¥0.3 billion Parent only
Provision for directors' retirement benefits ¥4.59 million Parent only
Investments and other assets ¥2.40 million Parent only
Property, plant and equipment ¥1.5 billion Parent only
Property, plant and equipment, net ¥0.3 billion Parent only
Accrued fares receivables ¥10.36 million Parent only
Accounts receivable-other ¥65.68 million Parent only
Income taxes payable ¥6.65 million Parent only
Accounts payable - other ¥0.1 billion Parent only
Shareholders' equity ¥0.2 billion Parent only
Current liabilities ¥0.2 billion Parent only
Current assets ¥0.1 billion Parent only
Accumulated depreciation ¥-1.3 billion Parent only
Intangible assets ¥10.10 million Parent only
Cash and cash equivalents ¥44.20 million Parent only
Cash and deposits ¥44.20 million Parent only
Net assets ¥0.2 billion Parent only
Net assets ¥0.2 billion Parent only
Total assets ¥0.4 billion Parent only
Total assets ¥0.4 billion Parent only
Retained earnings brought forward ¥-1.3 billion Parent only
Liabilities ¥0.3 billion Parent only
Liabilities and net assets ¥0.4 billion Parent only
Supplies ¥10.32 million Parent only
Accounts payable - trade ¥1.47 million Parent only
Capital stock ¥1.5 billion Parent only
Provision for bonuses ¥16.51 million Parent only
Noncurrent assets railway rwy ¥0.3 billion Parent only
Inter line fares received clrwy ¥17.73 million Parent only

Statement of income (41 items)

ItemValueConsolidated / Non-consolidated
Operating income other rwy ¥-5.95 million Parent only
Operating revenue other rwy ¥52.94 million Parent only
Operating expenses-other ¥58.89 million Parent only
General and administrative expenses ¥68.19 million Parent only
Operating income total business ¥-0.4 billion Parent only
Interest and discounts earned noirwy ¥0.41 million Parent only
Cost of merchandize sold ¥31.17 million Parent only
Merchandize sales ¥49.42 million Parent only
Operating income ¥-0.4 billion Parent only
Non-operating income ¥24.70 million Parent only
Non-operating expenses ¥0.06 million Parent only
Net cash provided by (used in) operating activities ¥0.5 billion Parent only
Loss on tax purpose reduction entry of non-current assets ¥0.3 billion Parent only
Gain on sales of non-current assets ¥1.21 million Parent only
Loss on retirement of non-current assets ¥0.27 million Parent only
Net sales ¥0.4 billion Parent only
Net income (loss) ¥-20.71 million Parent only
Net income (loss) ¥-20.71 million Parent only
Net cash provided by (used in) investing activities ¥-0.6 billion Parent only
Passenger transportation ¥0.3 billion Parent only
Revenue-travel ¥3.52 million Parent only
Advertising expenses oerwy ¥41.84 million Parent only
Income taxes - current ¥1.82 million Parent only
Depreciation ¥36.65 million Parent only
Foreign exchange losses ¥0.05 million Parent only
Extraordinary income ¥0.6 billion Parent only
Extraordinary loss ¥0.3 billion Parent only
Net increase (decrease) in cash and cash equivalents ¥-58.95 million Parent only
Income (loss) before income taxes ¥-18.89 million Parent only
Income (loss) before income taxes ¥-18.89 million Parent only
Ordinary income ¥-0.4 billion Parent only
Subsidy ¥0.6 billion Parent only
Taxes ¥33.21 million Parent only
Selling, general and administrative expenses ¥27.71 million Parent only
Miscellaneous income of transportation ¥55.88 million Parent only
Freightage expenditure ¥0.5 billion Parent only
Operating income railway rwy ¥-0.4 billion Parent only
Operating revenue railway rwy ¥0.3 billion Parent only
Operating expenses railway rwy ¥0.7 billion Parent only
Miscellaneous income ¥24.29 million Parent only
Other ¥4,000 Parent only

Statement of changes in equity (1 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-20.71 million Parent only

Statement of cash flows (22 items)

ItemValueConsolidated / Non-consolidated
Increase (decrease) in other current liabilities ¥1.49 million Parent only
Decrease (increase) in other current assets ¥2.20 million Parent only
Increase decrease in notes and accounts payable trade ¥-0.25 million Parent only
Interest and dividends income received ¥0.34 million Parent only
Increase (decrease) in advances received ¥-0.61 million Parent only
Interest and dividend income ¥-0.41 million Parent only
Increase decrease in operating debt ¥-0.47 million Parent only
Decrease increase in operating receivables ¥-0.88 million Parent only
Loss on tax purpose reduction entry of non-current assets ¥0.3 billion Parent only
Gain on sales of non-current assets ¥-1.21 million Parent only
Loss on retirement of non-current assets ¥0.27 million Parent only
Subtotal ¥0.5 billion Parent only
Increase decrease in provision for directors retirement benefits ¥-2.62 million Parent only
Purchase of property plant and equipment ¥-0.6 billion Parent only
Proceeds from sales of property plant and equipment ¥1.34 million Parent only
(Increase) decrease in accounts receivables other ¥99.87 million Parent only
Increase (decrease) in accounts payable-other ¥0.1 billion Parent only
Decrease (increase) in inventories ¥-0.06 million Parent only
Income taxes refund (paid) ¥2.09 million Parent only
Depreciation ¥36.65 million Parent only
Purchase of intangible assets ¥-0.74 million Parent only
Increase (decrease) in provision for bonuses ¥1.54 million Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥0.5 billion Parent onlyDisclosed
Number of employees 68 Parent onlyDisclosed
Net assets ¥0.2 billion Parent onlyDisclosed
Net sales ¥0.4 billion Parent onlyDisclosed
Operating income ¥-0.4 billion Parent onlyDisclosed
Ordinary income ¥-0.4 billion Parent onlyDisclosed
Total assets ¥0.4 billion Parent onlyDisclosed
Operating margin -100.8%Parent onlyCalculated
Net margin Not disclosedNot applicableNot calculated (a required value is not disclosed)
Sales per employee 5742221 yenParent onlyCalculated
Total asset turnover 0.92 timesParent onlyCalculated
Net assets to total assets 36.3%Parent onlyCalculated
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 -100.8%　Operating income ÷ net sales 　＝ ¥-0.4 billion ÷ ¥0.4 billion
    Operating income ÷ net sales. The denominator is Net sales (Parent only, Japanese GAAP).
  • Sales per employee 5,742,221 yen　Sales or operating revenue ÷ employees 　＝ ¥0.4 billion ÷ 68 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Parent only, Japanese GAAP).
  • Total asset turnover 0.92 times　Sales or operating revenue ÷ total assets 　＝ ¥0.4 billion ÷ ¥0.4 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).
  • Net assets to total assets 36.3%　Net assets ÷ total assets 　＝ ¥0.2 billion ÷ ¥0.4 billion
    Net assets ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Parent only · Net sales to external customers · filed 2026-06-29
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥0.4 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this pageProfit share: not shown (one or more loss-making businesses)

Amounts by account

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

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Net assets per share　Parent only
  • Total assets　Parent only

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

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 Land Transportation 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)

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. Industry median: the middle value among companies in Land Transportation 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　Parent only, 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 Aizu Railway Co.,Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 3380001017143 / 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