S 
212
+0.95%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥5.25bn
FY2017FY2026
Net income
−¥68.5m
FY2017FY2026
Free cash flow
−¥1.10bn
FY2017FY2026
Shareholders' equity
¥584.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.25bn | ¥4.04bn | ¥4.14bn | ¥3.40bn | ¥1.03bn | ¥844.5m | ¥2.27bn | ¥1.28bn | ¥1.79bn | ¥2.43bn |
| Gross profit | ¥791.3m | ¥511.0m | ¥536.3m | ¥620.6m | ¥173.3m | ¥183.1m | ¥423.9m | ¥224.2m | ¥233.2m | ¥430.4m |
| Research and development | — | — | — | — | — | — | — | ¥164,000 | — | ¥435,000 |
| Operating income | ¥115.8m | −¥14.7m | ¥29.0m | −¥216.1m | −¥295.3m | −¥322.7m | −¥167.2m | −¥347.1m | −¥335.5m | ¥74.7m |
| Net income | −¥68.5m | −¥151.7m | −¥105.4m | −¥296.4m | −¥333.8m | −¥348.4m | −¥359.6m | −¥161.3m | −¥582.2m | ¥70.1m |
| Diluted earnings per share | -6.56 | -14.54 | -10.66 | -33.94 | -38.22 | -58.05 | -68.36 | -38.39 | -207.77 | 25.80 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.64bn | ¥4.71bn | ¥3.79bn | ¥4.46bn | ¥921.7m | ¥277.3m | ¥731.4m | ¥2.04bn | ¥2.16bn | ¥2.05bn |
| Cash and short-term investments | ¥234.4m | ¥499.6m | ¥656.7m | ¥439.6m | ¥469.1m | ¥112.6m | ¥440.4m | ¥191.7m | ¥280.1m | ¥297.1m |
| Total liabilities | ¥4.90bn | ¥3.97bn | ¥3.01bn | ¥3.84bn | ¥325.1m | ¥238.2m | ¥712.1m | ¥1.54bn | ¥1.90bn | ¥1.20bn |
| Debt | ¥4.32bn | ¥3.52bn | ¥2.60bn | ¥3.39bn | ¥47.0m | — | ¥200.0m | ¥334.4m | ¥533.6m | ¥663.3m |
| Shareholders' equity | ¥584.4m | ¥607.9m | ¥668.9m | ¥521.3m | ¥596.6m | ¥39.2m | ¥19.3m | ¥379.3m | ¥78.6m | ¥696.8m |
| Shares outstanding | 10m | 10m | 10m | 9m | 9m | 6m | 5m | 4m | 3m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥89.2m | −¥214.3m | ¥924.6m | −¥717.6m | −¥485.3m | −¥515.0m | −¥6.1m | −¥387.4m | ¥32.1m | −¥495.7m |
| Capital spending | −¥1.02bn | −¥643.8m | −¥148.9m | −¥465.2m | −¥12.1m | −¥12.0m | −¥410,000 | −¥7.4m | −¥30.8m | −¥569,000 |
| Free cash flow | −¥1.10bn | −¥858.1m | ¥775.7m | −¥1.18bn | −¥497.4m | −¥527.0m | −¥6.5m | −¥394.8m | ¥1.3m | −¥496.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.33bn | ¥1.37bn | ¥1.50bn | ¥1.38bn | ¥938.5m | ¥1.08bn | ¥907.2m | ¥1.01bn |
| Gross profit | ¥181.3m | ¥167.0m | ¥243.1m | ¥207.6m | ¥152.7m | ¥137.0m | ¥126.9m | ¥114.8m |
| Operating income | −¥11.5m | −¥31.3m | ¥80.2m | ¥45.8m | −¥969,000 | −¥20.4m | ¥5.4m | −¥3.3m |
| Net income | −¥70.4m | −¥34.1m | ¥10.6m | −¥30.2m | −¥35.6m | −¥49.9m | −¥43.5m | −¥26.2m |
| Diluted earnings per share | -6.75 | -3.27 | 1.01 | -2.90 | -3.41 | -4.79 | -4.40 | -2.65 |
| Total assets | ¥5.99bn | ¥5.64bn | ¥5.32bn | ¥5.22bn | ¥4.80bn | ¥4.71bn | ¥4.51bn | ¥3.70bn |
| Cash and short-term investments | ¥295.8m | ¥234.4m | ¥457.8m | ¥285.3m | ¥209.8m | ¥499.6m | ¥445.6m | ¥505.5m |
| Debt | ¥2.59bn | ¥4.32bn | ¥2.12bn | ¥4.08bn | ¥2.22bn | ¥3.52bn | ¥1.84bn | ¥2.63bn |
| Shareholders' equity | ¥538.1m | ¥584.4m | ¥618.5m | ¥563.2m | ¥572.3m | ¥607.9m | ¥617.0m | ¥610.6m |
Financial ratios
Data as of 26 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 15.1% | 12.7% | 13.0% | 18.2% | 16.7% | 21.7% | — | — | — | — | — | — |
| Operating margin | 2.0% | -0.8% | 0.1% | -6.6% | -32.1% | -38.3% | — | — | — | — | — | — |
| Net margin | -1.3% | -3.8% | -2.5% | -8.7% | -32.3% | -41.3% | — | — | — | — | — | — |
| Return on equity | -11.7% | -25.0% | -15.8% | -56.9% | -55.9% | -889.1% | — | — | — | — | — | — |
| Return on assets | -1.2% | -3.2% | -2.8% | -6.7% | -36.2% | -125.6% | — | — | — | — | — | — |
| Free cash flow yield | 39.8% | 18.5% | 48.7% | -13.0% | -24.3% | -37.6% | — | — | — | — | — | — |
| Revenue growth | 30.1% | -2.4% | 21.6% | 228.7% | 22.6% | -62.8% | — | — | — | — | — | — |
| Earnings growth | -54.9% | 44.0% | -64.4% | -11.2% | -4.2% | -3.1% | — | — | — | — | — | — |
| Current ratio | 1.07x | 1.13x | 1.41x | 1.15x | 3.31x | 1.49x | — | — | — | — | — | — |
| Debt to equity | 7.39x | 5.78x | 3.88x | 6.58x | 0.08x | 0.00x | — | — | — | — | — | — |
| Equity ratio | 10.4% | 12.9% | 17.6% | 11.7% | 64.7% | 14.1% | — | — | — | — | — | — |
| Interest coverage | 1.06x | -0.41x | 0.06x | -3.82x | -8.90x | -97.30x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% |
| Buybacks as a share of market value | 0.0% | -5.6% | -13.2% | 0.0% | -45.5% | -14.1% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.6% | 44.1% | 10.9% |
| Net income | -38.6% | -27.8% | -8.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.0% | 14.6% | 15.1% | 15.5% |
| Operating margin | 1.1% | -0.5% | -3.8% | -5.8% |
| Net margin | -2.4% | -3.7% | -7.0% | -8.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.0 | -15.9 | -32.4 | -9.5 | -9.7 | -7.0 | -6.7 | -8.7 | -1.6 | 54.1 |
| Price to sales | 0.4 | 0.6 | 0.8 | 0.8 | 3.1 | 2.9 | 1.1 | 1.1 | 0.5 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Sept 2005.
| FY2006 | |
|---|---|
| Paid in the year | 32.50 |
- 200-for-1 split · 26 Sept 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.