M 
717
+2.43%
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
¥8.71bn
FY2022FY2026
Net income
¥657.0m
FY2022FY2026
Free cash flow
¥948.7m
FY2022FY2026
Shareholders' equity
¥2.40bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥8.71bn | ¥6.29bn | ¥5.28bn | ¥4.66bn | ¥4.18bn |
| Gross profit | ¥5.11bn | ¥3.85bn | ¥3.19bn | ¥2.84bn | ¥2.51bn |
| Research and development | — | — | ¥8.0m | ¥6.7m | ¥9.1m |
| Operating income | ¥1.16bn | ¥832.5m | ¥810.5m | ¥713.5m | ¥417.3m |
| Net income | ¥657.0m | ¥468.9m | ¥709.6m | ¥437.9m | ¥208.3m |
| Diluted earnings per share | 69.33 | 48.11 | 72.00 | 44.33 | 21.98 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥5.96bn | ¥3.90bn | ¥3.26bn | ¥2.64bn | ¥2.81bn |
| Cash and short-term investments | ¥1.29bn | ¥1.26bn | ¥1.12bn | ¥614.9m | ¥851.1m |
| Total liabilities | ¥3.50bn | ¥1.69bn | ¥1.24bn | ¥1.21bn | ¥1.82bn |
| Debt | ¥1.85bn | ¥228.0m | ¥274.2m | ¥374.9m | ¥913.8m |
| Shareholders' equity | ¥2.40bn | ¥2.16bn | ¥2.03bn | ¥1.43bn | ¥993.4m |
| Shares outstanding | 9m | 10m | 10m | 10m | 9m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | ¥1.07bn | ¥694.3m | ¥987.2m | ¥536.0m | ¥347.0m |
| Capital spending | −¥119.6m | −¥22.5m | −¥19.6m | −¥28.1m | −¥25.8m |
| Free cash flow | ¥948.7m | ¥671.7m | ¥967.5m | ¥507.9m | ¥321.2m |
| Dividends paid | −¥250.2m | −¥243.9m | — | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.05bn | ¥2.26bn | ¥2.23bn | ¥2.17bn | ¥1.58bn | ¥1.68bn | ¥1.39bn | ¥1.64bn |
| Gross profit | ¥1.16bn | ¥1.31bn | ¥1.34bn | ¥1.30bn | ¥964.6m | ¥1.02bn | ¥893.2m | ¥965.1m |
| Operating income | ¥131.8m | ¥323.3m | ¥358.7m | ¥349.0m | ¥171.3m | ¥272.6m | ¥145.8m | ¥242.9m |
| Net income | ¥66.7m | ¥194.3m | ¥207.8m | ¥188.1m | ¥55.9m | ¥174.6m | ¥86.6m | ¥151.9m |
| Diluted earnings per share | 7.04 | 20.51 | 21.93 | 19.30 | 5.73 | 17.92 | 8.88 | 15.41 |
| Cash from operations | — | — | — | — | ¥694.0m | — | — | — |
| Capital spending | — | — | — | — | −¥44.0m | — | — | — |
| Free cash flow | — | — | — | — | ¥650.0m | — | — | — |
| Total assets | ¥5.96bn | ¥6.45bn | ¥6.04bn | ¥5.91bn | ¥3.90bn | ¥3.28bn | ¥3.18bn | ¥3.74bn |
| Cash and short-term investments | ¥1.29bn | ¥1.44bn | ¥1.31bn | ¥1.19bn | ¥1.26bn | ¥917.4m | ¥896.0m | ¥1.15bn |
| Debt | ¥664.5m | ¥915.0m | ¥2.09bn | ¥692.5m | ¥228.0m | ¥85.7m | ¥85.7m | ¥321.8m |
| Shareholders' equity | ¥2.40bn | ¥2.33bn | ¥2.14bn | ¥2.09bn | ¥2.16bn | ¥2.06bn | ¥2.06bn | ¥1.93bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Gross margin | 61.2% | 60.5% | 60.9% | 60.0% |
| Operating margin | 12.0% | 15.5% | 13.4% | 10.0% |
| Net margin | 7.5% | 13.4% | 9.4% | 5.0% |
| Return on equity | 21.7% | 35.0% | 30.6% | 21.0% |
| Return on assets | 12.0% | 21.8% | 16.6% | 7.4% |
| Free cash flow yield | 8.4% | 11.7% | 6.5% | — |
| Revenue growth | 19.1% | 13.4% | 11.4% | — |
| Earnings growth | -33.9% | 62.1% | 110.2% | — |
| Current ratio | 1.57x | 1.94x | 1.83x | 1.90x |
| Debt to equity | 0.11x | 0.14x | 0.26x | 0.92x |
| Equity ratio | 55.4% | 62.1% | 54.3% | 35.4% |
| Interest coverage | 322.22x | 211.45x | 119.52x | 30.43x |
| R&D as a share of sales | — | 0.2% | 0.1% | 0.2% |
| Buybacks as a share of market value | 1.1% | 0.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.2% | — | — |
| Operating income | 17.7% | — | — |
| Net income | 14.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.7% | 60.1% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | 10.7 | 16.4 | 8.4 |
| Price to sales | 0.8 | 1.2 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | |
|---|---|
| Paid in the year | 51.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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