K 
17
+41.67%
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.
Net income
−¥1.24bn
FY2017FY2026
Total assets
¥6.83bn
FY2017FY2026
Shareholders' equity
¥5.26bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | ¥2 | ¥2 | ¥3 | ¥2 | ¥230.0m | — | — | — |
| Operating income | −¥1.09bn | −¥802.1m | −¥354.8m | −¥503.4m | −¥579.1m | −¥343.6m | −¥573.6m | ¥58.4m | ¥189.0m | −¥929.6m |
| Net income | −¥1.24bn | −¥835.2m | −¥489.2m | −¥904.2m | −¥1.25bn | −¥757.5m | −¥1.77bn | −¥484.1m | ¥183.2m | −¥1.01bn |
| Diluted earnings per share | -2.26 | -1.52 | -1.36 | -6.42 | -10.25 | -7.38 | -24.63 | -8.64 | 3.30 | -22.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.83bn | ¥2.69bn | ¥1.22bn | ¥1.32bn | ¥1.79bn | ¥1.38bn | ¥1.83bn | ¥2.57bn | ¥3.12bn | ¥1.51bn |
| Cash and short-term investments | ¥544.8m | ¥256.5m | ¥62.7m | ¥159.5m | ¥75.9m | ¥112.3m | ¥94.1m | ¥213.5m | ¥820.3m | ¥356.3m |
| Total liabilities | ¥1.34bn | ¥646.3m | ¥1.06bn | ¥665.7m | ¥906.6m | ¥334.5m | ¥749.7m | ¥449.7m | ¥380.4m | ¥216.5m |
| Debt | ¥705.0m | ¥256.4m | ¥734.3m | ¥394.1m | ¥348.9m | ¥219.6m | ¥560.5m | ¥218.5m | ¥84.0m | ¥108.7m |
| Shareholders' equity | ¥5.26bn | ¥2.03bn | ¥153.3m | ¥655.6m | ¥879.8m | ¥1.05bn | ¥1.08bn | ¥2.12bn | ¥2.34bn | ¥684.8m |
| Shares outstanding | 549m | 548m | 359m | 141m | 122m | 103m | 72m | 56m | 56m | 44m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −¥496.7m | −¥155.0m | −¥340.3m | −¥363.7m | −¥234.0m | −¥145.0m | −¥227.0m | −¥120.0m |
| Net income | −¥447.1m | −¥319.1m | −¥324.8m | −¥362.1m | −¥233.0m | −¥298.0m | −¥216.0m | −¥216.0m |
| Diluted earnings per share | -0.81 | -0.58 | -0.59 | -0.66 | -0.43 | -0.54 | -0.60 | -0.60 |
| Total assets | ¥6.80bn | ¥6.83bn | ¥7.05bn | ¥7.31bn | ¥6.29bn | ¥2.69bn | ¥2.76bn | ¥2.16bn |
| Cash and short-term investments | ¥718.6m | ¥544.8m | ¥1.17bn | ¥1.74bn | ¥3.07bn | ¥256.5m | ¥386.0m | ¥542.9m |
| Debt | ¥583.6m | ¥692.1m | ¥705.1m | ¥959.5m | ¥88.0m | ¥150.3m | ¥109.0m | ¥248.0m |
| Shareholders' equity | ¥4.96bn | ¥5.26bn | ¥5.62bn | ¥5.95bn | ¥5.93bn | ¥2.03bn | ¥1.92bn | ¥1.07bn |
Financial ratios
Data as of 29 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -55.7% | -114.3% | -151.3% | -132.0% | -149.8% | -72.6% | — |
| Net margin | -63.1% | -119.0% | -208.6% | -237.1% | -322.4% | -160.0% | — |
| Return on equity | -23.6% | -41.1% | -319.1% | -137.9% | -141.7% | -72.3% | — |
| Return on assets | -18.2% | -31.1% | -40.2% | -68.3% | -69.8% | -54.8% | — |
| Revenue growth | 180.0% | 199.2% | -38.5% | -1.3% | -18.3% | -6.6% | — |
| Earnings growth | 48.4% | 70.7% | -45.9% | -27.4% | 64.5% | -57.3% | — |
| Current ratio | 5.29x | 3.16x | 0.39x | 0.94x | 0.83x | 3.21x | — |
| Debt to equity | 0.13x | 0.07x | 3.89x | 0.57x | 0.38x | 0.20x | — |
| Equity ratio | 77.1% | 75.6% | 12.6% | 49.5% | 49.3% | 75.8% | — |
| Interest coverage | -134.36x | -102.91x | -20.20x | -73.07x | -37.02x | -6.60x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 45.4% |
| Buybacks as a share of market value | -0.2% | -52.7% | -154.6% | -15.8% | -18.5% | -42.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 72.7% | 32.9% | 18.6% |
| Operating income | 29.5% | 26.0% | 24.8% |
| Net income | 11.1% | 10.4% | 20.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -71.1% | -83.9% | -88.8% | -72.0% |
| Net margin | -77.8% | -105.7% | -132.1% | -124.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.2 | -19.7 | -8.1 | -1.4 | -0.8 | -2.1 | -0.9 | -5.9 | 9.5 | -1.9 |
| Price to sales | 3.9 | 23.4 | 16.9 | 3.4 | 2.7 | 3.4 | 3.1 | 2.7 | 2.7 | 6.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Sept 2010.
| FY2011 | FY2010 | FY2009 | |
|---|---|---|---|
| Paid in the year | 12.00 | 12.00 | 0.12 |
- 100-for-1 split · 26 Sept 2013
- 3-for-1 split · 26 Aug 2009
- 2-for-1 split · 25 Sept 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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