T 
481
+1.05%
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
¥14.37bn
FY2022FY2026
Net income
¥5.50bn
FY2022FY2026
Free cash flow
−¥6.61bn
FY2022FY2026
Shareholders' equity
¥19.42bn
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥14.37bn | ¥18.63bn | ¥18.43bn | ¥15.67bn | ¥17.46bn |
| Gross profit | ¥8.22bn | ¥12.33bn | ¥12.50bn | ¥8.79bn | ¥14.29bn |
| Research and development | — | ¥1.13bn | — | ¥723.4m | ¥776.3m |
| Operating income | ¥4.20bn | ¥8.27bn | ¥8.03bn | ¥4.97bn | ¥11.20bn |
| Net income | ¥5.50bn | ¥6.32bn | ¥5.77bn | ¥3.03bn | ¥4.48bn |
| Diluted earnings per share | 51.05 | 58.80 | 53.83 | 28.20 | 41.63 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥44.62bn | ¥36.52bn | ¥29.26bn | ¥18.81bn | ¥20.88bn |
| Cash and short-term investments | ¥3.56bn | ¥9.27bn | ¥9.42bn | ¥1.24bn | ¥6.35bn |
| Total liabilities | ¥25.20bn | ¥19.10bn | ¥15.59bn | ¥10.32bn | ¥13.52bn |
| Debt | ¥21.26bn | ¥14.42bn | ¥9.54bn | ¥6.47bn | ¥4.90bn |
| Shareholders' equity | ¥19.42bn | ¥17.42bn | ¥13.67bn | ¥8.49bn | ¥7.36bn |
| Shares outstanding | 108m | 107m | 107m | 108m | 108m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | −¥2.83bn | ¥6.82bn | ¥9.94bn | −¥3.16bn | ¥10.69bn |
| Capital spending | −¥3.79bn | −¥4.68bn | −¥3.96bn | −¥1.17bn | −¥2.30bn |
| Free cash flow | −¥6.61bn | ¥2.14bn | ¥5.97bn | −¥4.32bn | ¥8.39bn |
| Dividends paid | −¥3.75bn | −¥2.78bn | −¥600.0m | −¥1.90bn | −¥1.80bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.71bn | ¥2.39bn | ¥5.91bn | ¥2.37bn | ¥1.02bn | ¥5.63bn | ¥5.56bn | ¥6.42bn |
| Gross profit | ¥1.78bn | ¥1.41bn | ¥4.00bn | ¥1.63bn | ¥89.8m | ¥3.96bn | ¥3.91bn | ¥4.81bn |
| Operating income | ¥690.4m | ¥257.7m | ¥2.70bn | ¥547.5m | −¥1.07bn | ¥2.79bn | ¥2.79bn | ¥3.75bn |
| Net income | ¥3.05bn | ¥383.0m | ¥1.70bn | ¥357.9m | −¥330.1m | ¥1.96bn | ¥1.99bn | ¥2.70bn |
| Diluted earnings per share | 28.35 | 3.56 | 15.85 | 3.33 | -3.07 | 18.24 | 18.55 | 25.14 |
| Total assets | ¥44.62bn | ¥41.45bn | ¥44.20bn | ¥39.08bn | ¥36.52bn | ¥37.64bn | ¥36.01bn | ¥29.18bn |
| Cash and short-term investments | ¥3.56bn | ¥5.89bn | ¥4.26bn | ¥4.61bn | ¥9.27bn | ¥8.58bn | ¥7.57bn | ¥5.03bn |
| Debt | ¥13.23bn | ¥9.28bn | ¥22.15bn | ¥6.20bn | ¥14.42bn | ¥5.33bn | ¥13.31bn | ¥5.23bn |
| Shareholders' equity | ¥19.42bn | ¥16.31bn | ¥17.41bn | ¥15.52bn | ¥17.42bn | ¥17.67bn | ¥16.29bn | ¥14.25bn |
Financial ratios
Data as of 17 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Gross margin | 57.2% | 66.2% | 67.8% | 56.1% | 81.8% |
| Operating margin | 29.2% | 44.4% | 43.6% | 31.7% | 64.1% |
| Net margin | 38.2% | 33.9% | 31.3% | 19.4% | 25.7% |
| Return on equity | 28.3% | 36.3% | 42.2% | 35.7% | 60.9% |
| Return on assets | 12.3% | 17.3% | 19.7% | 16.1% | 21.5% |
| Free cash flow yield | 1.7% | 20.9% | 25.3% | — | — |
| Revenue growth | -22.9% | 1.0% | 17.6% | -10.2% | — |
| Earnings growth | -13.0% | 9.4% | 90.3% | -32.3% | — |
| Current ratio | 1.26x | 1.62x | 1.61x | 1.45x | 1.35x |
| Debt to equity | 0.68x | 0.83x | 0.70x | 0.76x | 0.67x |
| Equity ratio | 43.5% | 47.7% | 46.7% | 45.1% | 35.2% |
| Interest coverage | 15.91x | 80.32x | 257.28x | 227.76x | 1336.58x |
| R&D as a share of sales | — | 6.1% | — | 4.6% | 4.4% |
| Buybacks as a share of market value | -0.2% | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | — | — |
| Operating income | -5.4% | — | — |
| Net income | 21.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.3% | 62.3% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | 9.6 | 8.7 | 11.5 |
| Price to sales | 3.7 | 2.9 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Jun 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 28.00 | 28.65 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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