F 
58
+3.57%
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
¥9.42bn
FY2016FY2025
Net income
−¥264.6m
FY2016FY2025
Free cash flow
¥2.10bn
FY2016FY2025
Shareholders' equity
¥6.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.42bn | ¥8.81bn | ¥10.59bn | ¥5.03bn | ¥6.89bn | ¥2.47bn | ¥3.30bn | ¥6.73bn | ¥3.98bn | ¥3.76bn |
| Research and development | — | — | — | ¥4.5m | — | — | — | — | — | — |
| Operating income | ¥179.0m | ¥797.5m | ¥1.50bn | ¥75.6m | ¥335.0m | −¥929.4m | ¥28.1m | ¥642.2m | ¥71.6m | ¥187.5m |
| Net income | −¥264.6m | ¥290.6m | ¥1.05bn | −¥803.6m | −¥977.2m | −¥3.72bn | −¥36.7m | ¥519.4m | ¥32.5m | ¥234.1m |
| Diluted earnings per share | -1.56 | 1.71 | 6.19 | -4.67 | -13.68 | -63.71 | -0.64 | 9.09 | 0.57 | 1.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.24bn | ¥14.22bn | ¥7.55bn | ¥7.48bn | ¥5.29bn | ¥10.30bn | ¥14.18bn | ¥11.34bn | ¥9.80bn | ¥8.97bn |
| Cash and short-term investments | ¥1.78bn | ¥2.97bn | ¥2.76bn | ¥1.76bn | ¥2.09bn | ¥538.9m | ¥835.6m | ¥3.39bn | ¥1.16bn | ¥507.7m |
| Total liabilities | ¥2.86bn | ¥7.60bn | ¥1.14bn | ¥2.25bn | ¥1.92bn | ¥6.50bn | ¥6.39bn | ¥3.17bn | ¥2.11bn | ¥1.37bn |
| Debt | ¥2.50bn | ¥5.15bn | ¥409.4m | ¥1.18bn | ¥1.19bn | ¥5.23bn | ¥4.94bn | ¥1.61bn | ¥789.7m | ¥48.6m |
| Shareholders' equity | ¥6.38bn | ¥6.62bn | ¥6.40bn | ¥5.23bn | ¥3.37bn | ¥3.78bn | ¥7.79bn | ¥8.17bn | ¥7.70bn | ¥7.60bn |
| Shares outstanding | 170m | 170m | 170m | 172m | 71m | 58m | 58m | 57m | 57m | 193m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.46bn | −¥3.98bn | ¥1.73bn | −¥2.04bn | ¥4.30bn | −¥290.5m | −¥3.04bn | ¥1.58bn | −¥419.0m | −¥340.8m |
| Capital spending | −¥358.2m | −¥857.7m | −¥67.9m | −¥16.9m | −¥66.7m | −¥178.9m | −¥46.0m | −¥33.0m | −¥9.0m | −¥19.1m |
| Free cash flow | ¥2.10bn | −¥4.83bn | ¥1.66bn | −¥2.06bn | ¥4.23bn | −¥469.4m | −¥3.08bn | ¥1.55bn | −¥428.0m | −¥359.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.08bn | ¥705.8m | ¥897.9m | ¥1.61bn | ¥997.0m | ¥539.7m | ¥6.28bn | ¥3.11bn |
| Operating income | ¥119.6m | −¥56.7m | ¥151.7m | ¥155.9m | ¥6.6m | −¥164.4m | ¥180.0m | ¥665.0m |
| Net income | ¥6.5m | −¥101.9m | ¥78.3m | −¥41.3m | −¥7.1m | −¥258.2m | ¥42.0m | ¥281.0m |
| Diluted earnings per share | 0.03 | -0.53 | 0.46 | -0.24 | -0.04 | -1.52 | 0.25 | 1.65 |
| Cash from operations | — | — | — | ¥2.46bn | — | — | — | — |
| Capital spending | — | — | — | −¥358.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥2.10bn | — | — | — | — |
| Total assets | ¥11.08bn | ¥9.77bn | ¥9.39bn | ¥9.24bn | ¥9.16bn | ¥9.52bn | ¥9.27bn | ¥14.22bn |
| Cash and short-term investments | ¥1.62bn | ¥1.78bn | ¥2.13bn | ¥1.78bn | ¥1.40bn | ¥1.75bn | ¥3.54bn | ¥2.97bn |
| Debt | ¥1.97bn | ¥2.76bn | ¥1.68bn | ¥2.50bn | ¥1.52bn | ¥2.68bn | ¥490.7m | ¥4.43bn |
| Shareholders' equity | ¥7.73bn | ¥6.67bn | ¥6.54bn | ¥6.38bn | ¥6.39bn | ¥6.39bn | ¥6.65bn | ¥6.62bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2007 | FY2006 | FY2003 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 1.9% | 9.1% | 14.2% | 1.5% | 4.9% | -37.6% | — | — | — |
| Net margin | -2.8% | 3.3% | 9.9% | -16.0% | -14.2% | -150.5% | — | — | — |
| Return on equity | -4.1% | 4.4% | 16.5% | -15.4% | -29.0% | -98.4% | — | — | — |
| Return on assets | -2.9% | 2.0% | 14.0% | -10.8% | -18.5% | -36.2% | — | — | — |
| Free cash flow yield | 20.7% | -22.9% | 13.2% | -14.7% | 76.4% | -2.4% | — | — | — |
| Revenue growth | 7.0% | -16.8% | 110.6% | -27.1% | 178.6% | -25.0% | — | — | — |
| Earnings growth | -191.0% | -72.4% | -231.0% | -17.8% | -73.8% | 10032.6% | — | — | — |
| Current ratio | 3.64x | 1.83x | 5.76x | 2.82x | 2.07x | 3.20x | — | — | — |
| Debt to equity | 0.39x | 0.78x | 0.06x | 0.22x | 0.35x | 1.36x | — | — | — |
| Equity ratio | 69.0% | 46.5% | 84.8% | 69.9% | 63.6% | 36.7% | — | — | — |
| Interest coverage | 0.76x | 14.62x | 31.03x | 2.10x | 2.88x | -5.97x | — | — | — |
| R&D as a share of sales | — | — | — | 0.1% | — | — | 0.1% | 0.0% | 0.7% |
| Buybacks as a share of market value | 0.0% | -0.0% | 1.2% | -140.8% | -22.2% | -1.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.3% | 30.7% | 13.0% |
| Operating income | 33.3% | — | — |
| Net income | -31.0% | -41.1% | -10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.4% | 7.6% | 4.5% | 4.3% |
| Net margin | 0.1% | 0.8% | -10.2% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.2 | 20.5 | 8.1 | -14.8 | -5.3 | -0.6 | -98.8 | 7.3 | 141.8 | 71.8 |
| Price to sales | 1.1 | 0.7 | 0.8 | 2.4 | 0.8 | 1.0 | 1.1 | 0.6 | 1.2 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Sept 1998.
| FY1999 | FY1997 | |
|---|---|---|
| Paid in the year | 40.00 | 160.00 |
- 10-to-1 reverse split · 1 Jul 2008
- 1-to-1 reverse split · 22 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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