I 
534
+7.23%
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
¥8.02bn
FY2021FY2025
Net income
¥304.3m
FY2021FY2025
Free cash flow
—
FY2021FY2025
Shareholders' equity
¥1.74bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥8.02bn | ¥5.85bn | ¥5.30bn | ¥4.94bn | ¥3.86bn |
| Gross profit | ¥2.12bn | ¥1.67bn | ¥1.55bn | ¥1.36bn | ¥1.05bn |
| Operating income | ¥553.2m | ¥413.1m | ¥388.1m | ¥305.4m | ¥132.8m |
| Net income | ¥304.3m | ¥273.2m | ¥275.5m | ¥285.3m | ¥25.5m |
| Diluted earnings per share | 28.16 | 26.42 | 28.49 | 26.67 | 2.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥4.07bn | ¥2.82bn | ¥1.84bn | ¥1.74bn | ¥1.74bn |
| Cash and short-term investments | ¥1.99bn | ¥1.84bn | ¥1.18bn | ¥1.09bn | ¥1.22bn |
| Total liabilities | ¥2.33bn | ¥1.06bn | ¥1.12bn | ¥1.30bn | ¥1.58bn |
| Debt | ¥1.27bn | ¥323.8m | ¥505.2m | ¥701.8m | ¥929.9m |
| Shareholders' equity | ¥1.74bn | ¥1.75bn | ¥713.9m | ¥438.4m | ¥155.6m |
| Shares outstanding | 11m | 10m | 10m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | ¥416.6m | ¥193.8m | ¥292.2m | ¥92.3m | ¥124.7m |
| Capital spending | −¥416.6m | −¥21.7m | −¥7.1m | −¥14.3m | −¥35.9m |
| Free cash flow | — | ¥172.1m | ¥285.1m | ¥78.0m | ¥88.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.49bn | ¥2.35bn | ¥2.23bn | ¥2.16bn | ¥2.01bn | ¥1.63bn | ¥1.58bn | ¥1.45bn |
| Gross profit | ¥711.1m | ¥626.4m | ¥578.2m | ¥551.1m | ¥538.0m | ¥451.5m | ¥447.2m | ¥399.5m |
| Operating income | ¥129.0m | ¥222.9m | ¥185.8m | ¥207.1m | ¥112.0m | ¥48.5m | ¥137.7m | ¥59.3m |
| Net income | ¥57.1m | ¥130.0m | ¥101.8m | ¥121.6m | ¥61.0m | ¥19.4m | ¥85.5m | ¥33.5m |
| Diluted earnings per share | 5.34 | 12.15 | 9.42 | 11.25 | 5.64 | 1.80 | 8.27 | 3.24 |
| Total assets | ¥4.95bn | ¥4.74bn | ¥4.07bn | ¥3.85bn | ¥4.15bn | ¥3.80bn | ¥2.82bn | ¥2.64bn |
| Cash and short-term investments | ¥2.02bn | ¥2.51bn | ¥1.99bn | ¥1.85bn | ¥2.23bn | ¥1.99bn | ¥1.84bn | ¥1.84bn |
| Debt | ¥1.89bn | ¥736.2m | ¥1.27bn | ¥399.3m | ¥1.48bn | ¥467.0m | ¥276.6m | ¥292.1m |
| Shareholders' equity | ¥1.94bn | ¥1.88bn | ¥1.74bn | ¥1.59bn | ¥1.84bn | ¥1.78bn | ¥1.75bn | ¥1.67bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 26.4% | 28.6% | 29.2% | 27.6% | 27.1% |
| Operating margin | 6.9% | 7.1% | 7.3% | 6.2% | 2.2% |
| Net margin | 3.8% | 4.7% | 5.2% | 5.8% | 0.7% |
| Return on equity | 17.5% | 15.6% | 38.6% | 65.1% | 16.4% |
| Return on assets | 7.5% | 9.7% | 15.0% | 16.4% | 1.5% |
| Free cash flow yield | 10.5% | 2.8% | 4.2% | — | — |
| Revenue growth | 37.1% | 10.4% | 7.3% | 28.1% | — |
| Earnings growth | 11.4% | -0.8% | -3.5% | 1018.7% | — |
| Current ratio | 2.11x | 2.55x | 1.81x | 1.70x | 1.57x |
| Debt to equity | 0.73x | 0.18x | 0.71x | 1.60x | 5.98x |
| Equity ratio | 42.7% | 62.2% | 38.8% | 25.3% | 9.0% |
| Interest coverage | 44.93x | 164.46x | 135.90x | 75.32x | 16.36x |
| Buybacks as a share of market value | -4.5% | -6.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.5% | — | — |
| Operating income | 21.9% | — | — |
| Net income | 2.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 27.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 47.3 | 18.7 |
| Price to sales | 1.8 | 0.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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