G 
676
+5.30%
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
¥1.92bn
FY2022FY2026
Net income
−¥375.4m
FY2022FY2026
Free cash flow
−¥50.1m
FY2022FY2026
Shareholders' equity
¥1.05bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.92bn | ¥2.01bn | ¥1.96bn | ¥1.71bn | ¥1.40bn |
| Gross profit | ¥570.3m | ¥709.9m | ¥622.3m | ¥477.4m | ¥278.2m |
| Operating income | −¥276.5m | ¥125.7m | ¥231.0m | ¥164.8m | ¥52.8m |
| Net income | −¥375.4m | ¥32.7m | ¥156.2m | ¥121.6m | ¥38.8m |
| Diluted earnings per share | -117.89 | 10.39 | 49.30 | 49.83 | 12.17 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥2.02bn | ¥1.82bn | ¥1.85bn | ¥1.07bn | ¥810.1m |
| Cash and short-term investments | ¥1.09bn | ¥1.19bn | ¥1.49bn | ¥737.1m | ¥505.7m |
| Total liabilities | ¥971.2m | ¥390.6m | ¥378.0m | ¥425.6m | ¥291.9m |
| Debt | ¥340.8m | ¥50.8m | ¥60.8m | ¥78.4m | ¥97.5m |
| Shareholders' equity | ¥1.05bn | ¥1.43bn | ¥1.47bn | ¥639.8m | ¥518.2m |
| Shares outstanding | 3m | 3m | 3m | 2m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | −¥45.3m | −¥6.9m | ¥168.8m | ¥255.4m | −¥16.3m |
| Capital spending | −¥4.8m | −¥8.0m | −¥54.4m | −¥4.5m | −¥3.8m |
| Free cash flow | −¥50.1m | −¥14.9m | ¥114.4m | ¥251.0m | −¥20.1m |
| Dividends paid | −¥31.8m | −¥30.6m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥470.8m | ¥442.4m | ¥492.0m | ¥516.2m | ¥599.1m | ¥614.2m | ¥466.0m | ¥327.0m |
| Gross profit | ¥139.8m | ¥96.4m | ¥152.8m | ¥149.4m | ¥227.0m | ¥239.9m | ¥173.0m | ¥58.0m |
| Operating income | −¥162.9m | −¥82.2m | −¥18.3m | −¥13.0m | ¥51.9m | ¥95.3m | ¥28.3m | −¥51.0m |
| Net income | −¥250.3m | −¥55.4m | −¥28.0m | −¥41.8m | −¥10.4m | ¥61.1m | ¥31.0m | −¥49.0m |
| Diluted earnings per share | -78.60 | -17.39 | -8.89 | -13.28 | -3.30 | 19.43 | 9.78 | -15.47 |
| Total assets | ¥2.02bn | ¥2.05bn | ¥1.74bn | ¥1.80bn | ¥1.82bn | ¥2.55bn | ¥2.24bn | ¥2.29bn |
| Cash and short-term investments | ¥1.09bn | ¥1.00bn | ¥1.18bn | ¥1.21bn | ¥1.19bn | ¥1.81bn | ¥1.56bn | ¥1.65bn |
| Debt | ¥310.0m | ¥310.0m | ¥45.8m | ¥10.0m | ¥50.8m | ¥710.0m | ¥555.8m | ¥510.0m |
| Shareholders' equity | ¥1.05bn | ¥1.29bn | ¥1.34bn | ¥1.36bn | ¥1.43bn | ¥1.44bn | ¥1.38bn | ¥1.39bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Gross margin | 29.7% | 35.4% | 31.8% | 27.9% | 19.9% |
| Operating margin | -14.4% | 3.9% | 11.9% | 10.0% | 3.7% |
| Net margin | -19.5% | 1.6% | 8.0% | 7.1% | 2.8% |
| Return on equity | -35.9% | 2.3% | 10.6% | 19.0% | 7.5% |
| Return on assets | -18.6% | 1.8% | 8.4% | 11.4% | 4.8% |
| Free cash flow yield | -2.0% | -0.3% | 7.3% | 14.4% | — |
| Revenue growth | -4.3% | 2.5% | 14.4% | 22.5% | — |
| Earnings growth | -1249.5% | -79.1% | 28.5% | 213.8% | — |
| Current ratio | 1.58x | 4.69x | 5.82x | 2.94x | 3.43x |
| Debt to equity | 0.30x | 0.04x | 0.04x | 0.12x | 0.19x |
| Equity ratio | 51.9% | 78.6% | 79.6% | 60.1% | 64.0% |
| Interest coverage | -149.76x | 24.04x | 132.62x | 212.77x | 60.94x |
| Buybacks as a share of market value | -1.3% | 0.8% | -29.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.6% | 31.3% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | -6.1 | 74.3 | 11.0 |
| Price to sales | 1.2 | 1.2 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 20.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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