N 
392
+5.09%
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
¥45.80bn
FY2017FY2026
Net income
¥2.09bn
FY2017FY2026
Free cash flow
¥8.43bn
FY2017FY2026
Shareholders' equity
¥19.70bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥45.80bn | ¥52.95bn | ¥43.63bn | ¥42.40bn | ¥37.19bn | ¥44.82bn | ¥40.16bn | ¥43.97bn | ¥40.55bn | ¥43.96bn |
| Gross profit | ¥5.20bn | ¥4.82bn | ¥3.79bn | ¥4.02bn | ¥3.99bn | ¥3.88bn | ¥4.36bn | ¥4.96bn | ¥4.47bn | ¥5.05bn |
| Operating income | ¥2.84bn | ¥2.38bn | ¥1.69bn | ¥1.87bn | ¥1.93bn | ¥1.71bn | ¥2.26bn | ¥2.62bn | ¥2.29bn | ¥2.89bn |
| Net income | ¥2.09bn | ¥1.71bn | ¥1.10bn | ¥1.90bn | ¥1.31bn | ¥693.0m | ¥493.0m | −¥1.25bn | ¥1.04bn | ¥1.62bn |
| Diluted earnings per share | 74.15 | 59.46 | 38.16 | 65.77 | 45.44 | 24.04 | 17.10 | -43.36 | 36.18 | 56.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥35.08bn | ¥43.30bn | ¥30.34bn | ¥35.14bn | ¥32.73bn | ¥36.27bn | ¥33.50bn | ¥36.84bn | ¥36.13bn | ¥37.94bn |
| Cash and short-term investments | ¥6.69bn | ¥3.93bn | ¥6.27bn | ¥7.83bn | ¥5.42bn | ¥4.40bn | ¥3.66bn | ¥5.22bn | ¥7.02bn | ¥2.80bn |
| Total liabilities | ¥15.37bn | ¥26.01bn | ¥14.56bn | ¥20.68bn | ¥20.06bn | ¥24.92bn | ¥23.07bn | ¥26.85bn | ¥24.82bn | ¥27.77bn |
| Debt | ¥770.0m | ¥5.98bn | ¥1.93bn | ¥4.42bn | ¥4.46bn | ¥5.01bn | ¥6.52bn | ¥7.52bn | ¥8.53bn | ¥11.59bn |
| Shareholders' equity | ¥19.70bn | ¥17.29bn | ¥15.77bn | ¥14.45bn | ¥12.67bn | ¥11.35bn | ¥10.43bn | ¥9.99bn | ¥11.31bn | ¥10.16bn |
| Shares outstanding | 28m | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 29m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥8.45bn | −¥6.13bn | ¥1.52bn | ¥1.82bn | ¥1.60bn | ¥2.28bn | −¥2.09bn | −¥1.24bn | ¥7.43bn | ¥1.42bn |
| Capital spending | −¥13.0m | −¥152.0m | −¥16.0m | −¥21.0m | −¥34.0m | −¥21.0m | −¥48.0m | −¥77.0m | −¥74.0m | −¥69.0m |
| Free cash flow | ¥8.43bn | −¥6.29bn | ¥1.51bn | ¥1.80bn | ¥1.57bn | ¥2.26bn | −¥2.14bn | −¥1.32bn | ¥7.35bn | ¥1.35bn |
| Dividends paid | −¥172.0m | −¥115.0m | −¥86.0m | −¥86.0m | −¥86.0m | −¥86.0m | −¥86.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.79bn | ¥12.11bn | ¥11.25bn | ¥11.02bn | ¥11.42bn | ¥16.46bn | ¥13.47bn | ¥12.47bn |
| Gross profit | ¥1.04bn | ¥1.74bn | ¥1.21bn | ¥1.09bn | ¥1.15bn | ¥1.68bn | ¥1.30bn | ¥932.0m |
| Operating income | ¥466.0m | ¥1.07bn | ¥631.0m | ¥543.0m | ¥600.0m | ¥1.01bn | ¥717.0m | ¥316.0m |
| Net income | ¥299.0m | ¥858.0m | ¥452.0m | ¥367.0m | ¥416.0m | ¥767.0m | ¥515.0m | ¥203.0m |
| Diluted earnings per share | 10.59 | 30.40 | 15.68 | 12.73 | 14.43 | 26.61 | 17.86 | 7.04 |
| Total assets | ¥31.71bn | ¥35.08bn | ¥34.00bn | ¥32.28bn | ¥34.44bn | ¥43.30bn | ¥35.98bn | ¥32.28bn |
| Cash and short-term investments | ¥8.16bn | ¥6.69bn | ¥8.12bn | ¥7.33bn | ¥4.25bn | ¥3.93bn | ¥4.31bn | ¥5.63bn |
| Debt | ¥724.0m | ¥770.0m | ¥742.0m | ¥799.0m | ¥1.58bn | ¥5.98bn | ¥2.68bn | ¥1.99bn |
| Shareholders' equity | ¥19.43bn | ¥19.70bn | ¥18.41bn | ¥17.93bn | ¥17.54bn | ¥17.29bn | ¥16.60bn | ¥16.06bn |
Financial ratios
Data as of 30 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.3% | 9.1% | 8.7% | 9.5% | 10.7% | 8.6% |
| Operating margin | 6.3% | 4.5% | 3.9% | 4.4% | 5.2% | 3.8% |
| Net margin | 4.6% | 3.2% | 2.5% | 4.5% | 3.5% | 1.5% |
| Return on equity | 10.6% | 9.9% | 7.0% | 13.1% | 10.3% | 6.1% |
| Return on assets | 6.0% | 4.0% | 3.6% | 5.4% | 4.0% | 1.9% |
| Free cash flow yield | 67.8% | -46.9% | 12.1% | 14.5% | 12.8% | 18.1% |
| Revenue growth | -13.5% | 21.4% | 2.9% | 14.0% | -17.0% | 11.6% |
| Earnings growth | 22.1% | 55.8% | -42.0% | 44.7% | 89.0% | 40.6% |
| Current ratio | 2.20x | 1.64x | 2.06x | 1.71x | 1.51x | 1.34x |
| Debt to equity | 0.04x | 0.35x | 0.12x | 0.31x | 0.35x | 0.44x |
| Equity ratio | 56.2% | 39.9% | 52.0% | 41.1% | 38.7% | 31.3% |
| Interest coverage | 137.00x | 126.68x | 153.36x | 93.30x | 91.95x | 55.16x |
| Buybacks as a share of market value | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.6% | 0.4% | 0.5% |
| Operating income | 15.1% | 10.7% | 4.0% |
| Net income | 3.3% | 24.7% | 5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.1% | 9.6% | 9.6% | 10.1% |
| Operating margin | 5.3% | 4.8% | 4.7% | 5.1% |
| Net margin | 3.9% | 3.7% | 3.3% | 2.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.5 | 10.1 | 7.9 | 5.4 | 6.7 | 12.2 | 17.4 | -7.9 | 11.4 | 11.2 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY1998 | |
|---|---|---|---|---|---|
| Paid in the year | 7.00 | 4.00 | 3.00 | 3.00 | 50.00 |
- 10-to-1 reverse split · 26 Sept 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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