J 
584
+4.66%
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
¥4.74bn
FY2022FY2026
Net income
−¥121.4m
FY2022FY2026
Free cash flow
−¥619.3m
FY2022FY2026
Shareholders' equity
¥1.94bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥4.74bn | ¥3.97bn | ¥3.48bn | ¥2.97bn | ¥2.33bn |
| Gross profit | ¥1.42bn | ¥1.45bn | ¥1.24bn | ¥1.12bn | ¥899.9m |
| Operating income | −¥106.0m | ¥179.9m | ¥208.4m | ¥164.7m | ¥89.4m |
| Net income | −¥121.4m | ¥144.2m | ¥145.4m | ¥187.9m | ¥60.8m |
| Diluted earnings per share | -21.42 | 25.44 | 25.55 | 33.15 | 10.73 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥3.79bn | ¥2.98bn | ¥2.55bn | ¥2.00bn | ¥1.57bn |
| Cash and short-term investments | ¥884.6m | ¥810.8m | ¥1.20bn | ¥803.5m | ¥680.2m |
| Total liabilities | ¥1.85bn | ¥944.1m | ¥711.1m | ¥667.4m | ¥907.3m |
| Debt | ¥1.34bn | ¥470.0m | ¥160.3m | ¥261.9m | ¥577.8m |
| Shareholders' equity | ¥1.94bn | ¥2.04bn | ¥1.83bn | ¥1.33bn | ¥663.2m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | −¥39.3m | ¥137.6m | ¥299.5m | ¥224.5m | ¥145.3m |
| Capital spending | −¥580.0m | −¥645.0m | −¥114.4m | −¥171.7m | −¥134.6m |
| Free cash flow | −¥619.3m | −¥507.4m | ¥185.2m | ¥52.8m | ¥10.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.47bn | ¥1.34bn | ¥1.20bn | ¥1.10bn | ¥1.09bn | ¥1.04bn | ¥1.02bn | ¥942.3m |
| Gross profit | ¥527.9m | ¥486.7m | ¥303.6m | ¥262.5m | ¥368.9m | ¥372.4m | ¥361.7m | ¥327.1m |
| Operating income | ¥105.5m | ¥134.5m | −¥119.2m | −¥123.7m | ¥2.5m | ¥52.4m | ¥43.7m | ¥8.6m |
| Net income | ¥61.3m | ¥75.9m | −¥96.7m | −¥88.0m | −¥12.6m | ¥51.0m | ¥24.9m | ¥11.5m |
| Diluted earnings per share | 10.81 | 13.39 | -17.06 | -15.52 | -2.23 | 9.00 | 4.37 | 2.02 |
| Cash from operations | — | — | — | — | — | ¥55.0m | ¥55.0m | — |
| Capital spending | — | — | — | — | — | −¥272.0m | −¥272.0m | — |
| Free cash flow | — | — | — | — | — | −¥217.0m | −¥217.0m | — |
| Total assets | ¥3.95bn | ¥3.79bn | ¥3.84bn | ¥3.63bn | ¥3.27bn | ¥2.98bn | ¥2.65bn | ¥2.63bn |
| Cash and short-term investments | ¥891.8m | ¥884.6m | ¥942.9m | ¥1.01bn | ¥806.4m | ¥810.8m | ¥864.7m | ¥1.12bn |
| Debt | ¥286.6m | ¥1.15bn | ¥279.9m | ¥932.9m | ¥73.5m | ¥336.3m | ¥12.8m | ¥70.7m |
| Shareholders' equity | ¥2.00bn | ¥1.94bn | ¥1.86bn | ¥1.96bn | ¥2.04bn | ¥2.04bn | ¥1.99bn | ¥1.96bn |
Financial ratios
Data as of 28 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Gross margin | 30.0% | 36.5% | 35.7% | 37.8% | 38.6% |
| Operating margin | -2.3% | 4.6% | 5.7% | 5.6% | 3.8% |
| Net margin | -2.6% | 3.6% | 4.2% | 6.3% | 2.6% |
| Return on equity | -6.3% | 7.1% | 7.9% | 14.1% | 9.2% |
| Return on assets | -3.2% | 4.8% | 5.7% | 9.4% | 3.9% |
| Free cash flow yield | 15.3% | 22.1% | 11.7% | — | — |
| Revenue growth | 19.5% | 13.9% | 17.3% | 27.4% | — |
| Earnings growth | -184.2% | -0.9% | -22.6% | 209.0% | — |
| Current ratio | 2.15x | 2.21x | 3.35x | 3.11x | 1.61x |
| Debt to equity | 0.59x | 0.16x | 0.05x | 0.16x | 0.84x |
| Equity ratio | 51.2% | 68.3% | 72.1% | 66.6% | 42.2% |
| Interest coverage | -7.49x | 43.74x | 58.60x | 27.53x | 7.13x |
| Buybacks as a share of market value | 0.0% | 0.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.0% | 34.6% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | -25.6 | 15.9 | 17.1 |
| Price to sales | 0.7 | 0.6 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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