M 
533
+0.38%
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
¥4.13bn
FY2022FY2026
Net income
−¥368.6m
FY2022FY2026
Free cash flow
−¥682.4m
FY2022FY2026
Shareholders' equity
¥1.09bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥4.13bn | ¥2.99bn | ¥2.37bn | ¥1.83bn | ¥991.0m |
| Gross profit | ¥2.05bn | ¥1.61bn | ¥1.29bn | ¥1.01bn | ¥546.0m |
| Operating income | −¥399.2m | ¥88.0m | ¥92.6m | −¥166.7m | −¥88.4m |
| Net income | −¥368.6m | ¥112.0m | ¥110.0m | −¥121.9m | −¥88.6m |
| Diluted earnings per share | -107.50 | 36.93 | 37.04 | -35.56 | -29.85 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥5.65bn | ¥3.55bn | ¥1.79bn | ¥1.26bn | ¥583.0m |
| Cash and short-term investments | ¥689.6m | ¥544.0m | ¥638.0m | ¥196.3m | ¥344.7m |
| Total liabilities | ¥4.56bn | ¥2.39bn | ¥1.04bn | ¥613.5m | ¥286.5m |
| Debt | ¥3.54bn | ¥1.99bn | ¥685.7m | ¥332.6m | ¥105.9m |
| Shareholders' equity | ¥1.09bn | ¥1.16bn | ¥751.9m | ¥641.9m | ¥296.5m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | −¥673.6m | −¥408.0m | ¥92.2m | −¥154.4m | −¥89.5m |
| Capital spending | −¥8.8m | −¥67.1m | −¥29.3m | −¥26.2m | −¥28.6m |
| Free cash flow | −¥682.4m | −¥475.1m | ¥62.9m | −¥180.6m | −¥118.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.32bn | ¥1.31bn | ¥1.22bn | ¥829.0m | ¥778.0m | ¥890.0m | ¥899.0m | ¥580.0m |
| Gross profit | ¥609.7m | ¥716.0m | ¥510.4m | ¥461.0m | ¥412.0m | ¥465.0m | ¥472.0m | ¥324.0m |
| Operating income | −¥142.9m | −¥160.3m | −¥36.8m | −¥42.0m | −¥161.0m | ¥57.0m | ¥14.0m | −¥9.0m |
| Net income | −¥177.7m | −¥178.2m | −¥4.1m | −¥71.0m | −¥115.0m | ¥95.0m | −¥8.0m | ¥4.0m |
| Diluted earnings per share | -51.84 | -51.96 | -1.36 | -23.41 | -37.92 | 31.32 | -2.69 | 1.35 |
| Total assets | ¥5.34bn | ¥5.65bn | ¥5.77bn | ¥4.53bn | ¥3.77bn | ¥3.55bn | ¥3.46bn | ¥2.16bn |
| Cash and short-term investments | ¥521.9m | ¥689.6m | ¥748.0m | ¥705.0m | ¥735.0m | ¥544.0m | ¥769.0m | ¥727.0m |
| Debt | ¥1.74bn | ¥3.22bn | ¥1.43bn | ¥2.58bn | ¥928.0m | ¥1.98bn | ¥601.0m | ¥823.6m |
| Shareholders' equity | ¥883.0m | ¥1.09bn | ¥1.01bn | ¥1.01bn | ¥1.05bn | ¥1.16bn | ¥1.07bn | ¥1.08bn |
Financial ratios
Data as of 25 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Gross margin | 49.7% | 53.9% | 54.2% | 55.2% |
| Operating margin | -9.7% | 4.6% | 4.0% | -9.1% |
| Net margin | -8.9% | 3.7% | 4.6% | -6.6% |
| Return on equity | -33.9% | 9.6% | 14.6% | -19.0% |
| Return on assets | -6.5% | 3.2% | 6.1% | -9.7% |
| Free cash flow yield | -31.2% | -21.4% | 4.9% | — |
| Revenue growth | 38.3% | 25.8% | 29.5% | — |
| Earnings growth | -429.1% | 1.8% | -190.2% | — |
| Current ratio | 0.93x | 1.91x | 1.87x | 1.43x |
| Debt to equity | 2.96x | 1.70x | 0.91x | 0.51x |
| Equity ratio | 19.2% | 32.8% | 41.9% | 51.1% |
| Interest coverage | -7.09x | 6.37x | 20.17x | -73.79x |
| Buybacks as a share of market value | -13.1% | -2.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.1% | — | — |
| Operating income | 33.8% | — | — |
| Net income | 44.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.5% | 52.6% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | -5.2 | 23.3 | 18.9 |
| Price to sales | 0.5 | 0.9 | 0.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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