C 
2,133
+1.96%
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
¥1.40bn
FY2021FY2025
Net income
¥276.4m
FY2021FY2025
Free cash flow
¥205.4m
FY2021FY2025
Shareholders' equity
¥1.66bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥1.40bn | ¥1.23bn | ¥995.0m | ¥769.5m | ¥489.2m |
| Gross profit | ¥817.3m | ¥773.8m | ¥611.6m | ¥493.9m | ¥253.1m |
| Research and development | — | ¥34.4m | ¥40.8m | ¥42.1m | ¥15.5m |
| Operating income | ¥408.1m | ¥412.7m | ¥295.9m | ¥217.8m | ¥17.0m |
| Net income | ¥276.4m | ¥276.3m | ¥260.4m | ¥250.0m | ¥13.5m |
| Diluted earnings per share | 40.97 | 41.27 | 42.78 | 38.31 | 2.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥2.18bn | ¥2.02bn | ¥1.18bn | ¥718.3m | ¥481.5m |
| Cash and short-term investments | ¥1.49bn | ¥1.73bn | ¥954.7m | ¥604.1m | ¥431.2m |
| Total liabilities | ¥525.7m | ¥708.5m | ¥727.0m | ¥527.0m | ¥538.4m |
| Debt | ¥100.0m | ¥250.0m | ¥301.0m | ¥250.0m | ¥290.0m |
| Shareholders' equity | ¥1.66bn | ¥1.32bn | ¥451.7m | ¥191.3m | −¥56.9m |
| Shares outstanding | 7m | 7m | 6m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | ¥209.0m | ¥266.2m | ¥306.5m | ¥215.4m | ¥119.4m |
| Capital spending | −¥3.5m | −¥322,000 | −¥7.0m | −¥2.6m | −¥2.0m |
| Free cash flow | ¥205.4m | ¥265.9m | ¥299.6m | ¥212.9m | ¥117.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥415.7m | ¥400.9m | ¥372.9m | ¥357.2m | ¥343.0m | ¥327.6m | ¥329.3m | ¥311.8m |
| Gross profit | ¥247.3m | ¥231.8m | ¥188.0m | ¥206.9m | ¥220.4m | ¥201.9m | ¥211.0m | ¥196.3m |
| Operating income | ¥153.6m | ¥129.7m | ¥79.9m | ¥105.1m | ¥126.3m | ¥96.9m | ¥111.8m | ¥104.9m |
| Net income | ¥95.3m | ¥82.9m | ¥58.0m | ¥72.9m | ¥80.9m | ¥64.7m | ¥104.6m | ¥65.4m |
| Diluted earnings per share | 14.61 | 12.71 | 8.59 | 10.80 | 11.99 | 9.59 | 15.62 | 9.77 |
| Cash from operations | — | — | ¥208.0m | — | — | — | — | — |
| Capital spending | — | — | −¥3.0m | — | — | — | — | — |
| Free cash flow | — | — | ¥205.0m | — | — | — | — | — |
| Total assets | ¥2.38bn | ¥2.00bn | ¥2.18bn | ¥2.14bn | ¥2.21bn | ¥1.95bn | ¥2.02bn | ¥1.76bn |
| Cash and short-term investments | ¥1.63bn | ¥1.11bn | ¥1.49bn | ¥1.42bn | ¥1.88bn | ¥1.64bn | ¥1.73bn | ¥1.50bn |
| Debt | ¥100.0m | ¥100.0m | ¥100.0m | — | ¥250.0m | ¥150.0m | ¥150.0m | ¥150.0m |
| Shareholders' equity | ¥1.52bn | ¥1.56bn | ¥1.66bn | ¥1.59bn | ¥1.47bn | ¥1.39bn | ¥1.32bn | ¥1.21bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 58.3% | 63.2% | 61.5% | 64.2% | 51.7% |
| Operating margin | 29.4% | 32.0% | 29.9% | 29.0% | 3.5% |
| Net margin | 19.7% | 22.5% | 26.2% | 32.5% | 2.8% |
| Return on equity | 16.7% | 21.0% | 57.6% | 130.7% | -23.7% |
| Return on assets | 12.7% | 13.7% | 22.1% | 34.8% | 2.8% |
| Free cash flow yield | 1.1% | 1.4% | 1.9% | — | — |
| Revenue growth | 14.3% | 23.1% | 29.3% | 57.3% | — |
| Earnings growth | 0.1% | 6.1% | 4.2% | 1756.6% | — |
| Current ratio | 3.04x | 3.00x | 2.16x | 2.43x | 1.64x |
| Debt to equity | 0.06x | 0.19x | 0.67x | 1.31x | -5.09x |
| Equity ratio | 75.9% | 65.0% | 38.3% | 26.6% | -11.8% |
| Interest coverage | 190.08x | 123.77x | 85.40x | 74.33x | 5.26x |
| R&D as a share of sales | — | 2.8% | 4.1% | 5.5% | 3.2% |
| Buybacks as a share of market value | -0.8% | -10.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.2% | — | — |
| Operating income | 23.3% | — | — |
| Net income | 3.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.6% | 61.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 28.7 | 34.4 |
| Price to sales | 5.7 | 7.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 4.80 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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