N 
2,681
+0.68%
Close of 9 Nov 2026, in JPY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in JPY, from our data supplier.
Revenue
¥5.38bn
FY2018FY2026
Net income
−¥139.2m
FY2018FY2026
Free cash flow
−¥342.3m
FY2018FY2026
Shareholders' equity
¥1.57bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.38bn | ¥5.28bn | ¥4.68bn | ¥4.17bn | ¥3.50bn | ¥2.79bn | ¥2.73bn | ¥2.21bn | ¥1.82bn |
| Gross profit | ¥1.31bn | ¥1.31bn | ¥1.07bn | ¥989.2m | ¥859.2m | ¥733.7m | ¥787.8m | ¥661.6m | ¥539.1m |
| Operating income | −¥42.1m | ¥72.0m | ¥56.4m | ¥148.2m | ¥220.2m | ¥158.1m | ¥197.1m | ¥159.3m | ¥103.0m |
| Net income | −¥139.2m | ¥202.0m | ¥25.2m | ¥69.5m | ¥137.0m | ¥102.2m | ¥124.8m | ¥112.9m | ¥67.9m |
| Diluted earnings per share | -127.94 | 185.82 | 23.13 | 63.85 | 126.60 | 93.89 | 114.68 | 141.14 | 84.87 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.37bn | ¥3.46bn | ¥2.77bn | ¥2.49bn | ¥1.69bn | ¥1.26bn | ¥1.13bn | ¥748.5m | ¥596.1m |
| Cash and short-term investments | ¥1.48bn | ¥1.93bn | ¥1.38bn | ¥1.20bn | ¥1.05bn | ¥755.9m | ¥766.4m | ¥441.7m | ¥277.2m |
| Total liabilities | ¥1.80bn | ¥1.75bn | ¥1.27bn | ¥1.01bn | ¥343.7m | ¥245.9m | ¥252.0m | ¥198.6m | ¥159.2m |
| Debt | ¥1.17bn | ¥1.06bn | ¥774.4m | ¥512.6m | ¥106,000 | ¥1.4m | ¥2.6m | ¥3.9m | ¥5.1m |
| Shareholders' equity | ¥1.57bn | ¥1.70bn | ¥1.50bn | ¥1.48bn | ¥1.35bn | ¥1.01bn | ¥881.6m | ¥549.8m | ¥436.9m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥296.8m | −¥59.6m | −¥68.2m | ¥67.9m | ¥132.6m | ¥54.5m | ¥137.3m | ¥172.9m | ¥79.1m |
| Capital spending | −¥45.5m | −¥28.0m | −¥11.2m | −¥23.4m | −¥32.4m | −¥62.5m | −¥18.1m | −¥11.5m | −¥12.3m |
| Free cash flow | −¥342.3m | −¥87.6m | −¥79.3m | ¥44.5m | ¥100.3m | −¥8.0m | ¥119.2m | ¥161.4m | ¥66.8m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.42bn | ¥1.35bn | ¥1.39bn | ¥1.23bn | ¥1.33bn | ¥1.43bn | ¥1.35bn | ¥1.17bn |
| Gross profit | ¥354.2m | ¥340.3m | ¥312.9m | ¥298.3m | ¥358.0m | ¥350.7m | ¥318.9m | ¥285.0m |
| Operating income | −¥21.1m | ¥21.5m | −¥40.0m | −¥2.6m | ¥13.0m | ¥54.4m | ¥1.7m | ¥3.0m |
| Net income | −¥64.1m | ¥14.9m | −¥69.0m | −¥21.0m | ¥5.0m | ¥41.1m | ¥168.8m | −¥12.0m |
| Diluted earnings per share | -58.88 | 13.70 | -63.43 | -19.34 | 4.60 | 37.81 | 155.23 | -11.03 |
| Total assets | ¥3.37bn | ¥3.32bn | ¥3.26bn | ¥3.31bn | ¥3.46bn | ¥3.51bn | ¥3.41bn | ¥3.22bn |
| Cash and short-term investments | ¥1.48bn | ¥1.51bn | ¥1.70bn | ¥1.70bn | ¥1.93bn | ¥1.83bn | ¥2.10bn | ¥1.59bn |
| Debt | ¥521.3m | ¥769.6m | ¥1.09bn | ¥730.3m | ¥769.6m | ¥748.6m | ¥1.09bn | ¥785.2m |
| Shareholders' equity | ¥1.57bn | ¥1.65bn | ¥1.62bn | ¥1.68bn | ¥1.70bn | ¥1.69bn | ¥1.65bn | ¥1.49bn |
Financial ratios
Data as of 25 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 24.9% | 22.9% | 23.7% | 24.5% | 26.3% |
| Operating margin | -0.8% | 1.4% | 1.4% | 3.5% | 5.9% | 5.7% |
| Net margin | -2.6% | 3.8% | 0.5% | 1.7% | 3.9% | 3.7% |
| Return on equity | -8.8% | 11.9% | 1.7% | 4.7% | 10.2% | 10.1% |
| Return on assets | -4.1% | 5.8% | 0.9% | 2.8% | 8.1% | 8.1% |
| Free cash flow yield | -8.4% | -1.1% | -1.9% | 3.1% | 5.6% | 4.6% |
| Revenue growth | 1.8% | 12.8% | 12.3% | 18.9% | 25.7% | 2.2% |
| Earnings growth | -168.9% | 703.1% | -63.8% | -49.3% | 34.1% | -18.1% |
| Current ratio | 2.46x | 2.03x | 1.91x | 2.03x | 4.57x | 4.69x |
| Debt to equity | 0.33x | 0.45x | 0.52x | 0.35x | 0.00x | 0.00x |
| Equity ratio | 46.7% | 49.3% | 54.2% | 59.3% | 79.7% | 80.4% |
| Interest coverage | -2.38x | 6.44x | 16.49x | 138.74x | 22965.56x | 6325.48x |
| Buybacks as a share of market value | -0.1% | 0.1% | 0.0% | -0.6% | -16.5% | -0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.9% | 14.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.6% | 24.0% | 24.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | -21.0 | 15.7 | 128.0 | 43.0 | 15.7 |
| Price to sales | 0.5 | 0.6 | 0.7 | 0.7 | 0.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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