C 
431
-0.92%
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
¥11.82bn
FY2017FY2026
Net income
−¥470.5m
FY2017FY2026
Free cash flow
−¥219.9m
FY2017FY2026
Shareholders' equity
¥8.75bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.82bn | ¥14.19bn | ¥14.27bn | ¥14.00bn | ¥15.48bn | ¥35.71bn | ¥34.00bn | ¥30.28bn | ¥25.49bn | ¥28.50bn |
| Operating income | ¥23.5m | −¥1.03bn | ¥161.2m | ¥616.7m | ¥1.24bn | ¥2.13bn | −¥97.5m | −¥1.51bn | ¥725.3m | ¥2.09bn |
| Net income | −¥470.5m | −¥530.4m | ¥1.01bn | ¥254.9m | ¥310.4m | ¥1.43bn | −¥558.8m | −¥1.64bn | ¥105.9m | ¥3.23bn |
| Diluted earnings per share | -49.18 | -55.44 | 104.64 | 22.92 | 27.20 | 121.72 | -45.24 | -147.56 | 9.54 | 252.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥30.80bn | ¥29.53bn | ¥27.08bn | ¥25.41bn | ¥25.09bn | ¥27.07bn | ¥25.95bn | ¥24.41bn | ¥16.69bn | ¥16.27bn |
| Cash and short-term investments | ¥6.57bn | ¥10.10bn | ¥12.86bn | ¥14.31bn | ¥13.77bn | ¥17.97bn | ¥16.67bn | ¥15.80bn | ¥10.20bn | ¥11.33bn |
| Total liabilities | ¥21.94bn | ¥20.20bn | ¥16.28bn | ¥15.44bn | ¥15.44bn | ¥17.33bn | ¥17.67bn | ¥15.75bn | ¥4.58bn | ¥4.19bn |
| Debt | ¥19.36bn | ¥17.11bn | ¥11.88bn | ¥10.75bn | ¥11.85bn | ¥11.92bn | ¥13.17bn | ¥11.32bn | ¥777.5m | ¥60.0m |
| Shareholders' equity | ¥8.75bn | ¥9.20bn | ¥10.66bn | ¥9.80bn | ¥9.39bn | ¥9.21bn | ¥7.75bn | ¥8.22bn | ¥12.08bn | ¥12.06bn |
| Shares outstanding | 10m | 10m | 10m | 11m | 11m | 12m | 12m | 11m | 11m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.4m | −¥776.1m | ¥222.8m | ¥1.67bn | ¥1.16bn | ¥2.43bn | −¥778.9m | −¥685.2m | −¥166.0m | ¥1.90bn |
| Capital spending | −¥223.3m | −¥59.0m | −¥35.2m | −¥13.3m | −¥216.1m | −¥121.1m | −¥175.4m | −¥885.9m | −¥395.5m | −¥137.5m |
| Free cash flow | −¥219.9m | −¥835.0m | ¥187.7m | ¥1.66bn | ¥941.2m | ¥2.31bn | −¥954.3m | −¥1.57bn | −¥561.5m | ¥1.77bn |
| Dividends paid | — | — | — | — | — | −¥914.4m | −¥4.17bn | −¥199,000 | −¥180.6m | −¥180.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.78bn | ¥3.35bn | ¥3.09bn | ¥2.61bn | ¥2.77bn | ¥3.23bn | ¥3.95bn | ¥3.47bn |
| Operating income | −¥99.2m | ¥175.2m | −¥12.9m | −¥48.2m | −¥90.6m | −¥12.6m | −¥158.2m | −¥441.6m |
| Net income | −¥211.6m | −¥137.8m | −¥148.6m | −¥24.4m | −¥159.8m | −¥37.7m | −¥129.2m | −¥77.8m |
| Diluted earnings per share | -22.12 | -14.40 | -15.53 | -2.55 | -16.70 | -3.94 | -13.41 | -8.08 |
| Total assets | ¥31.09bn | ¥30.80bn | ¥30.98bn | ¥28.80bn | ¥28.61bn | ¥29.53bn | ¥31.03bn | ¥30.07bn |
| Cash and short-term investments | ¥6.09bn | ¥6.57bn | ¥6.73bn | ¥9.41bn | ¥8.93bn | ¥10.10bn | ¥10.59bn | ¥10.47bn |
| Debt | ¥2.96bn | ¥19.36bn | ¥2.95bn | ¥16.59bn | ¥2.62bn | ¥17.11bn | ¥696.2m | ¥14.32bn |
| Shareholders' equity | ¥8.56bn | ¥8.75bn | ¥8.89bn | ¥8.98bn | ¥9.05bn | ¥9.20bn | ¥9.62bn | ¥9.66bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 0.2% | -7.2% | 1.1% | 4.4% | 8.0% | 6.0% |
| Net margin | -4.0% | -3.7% | 7.1% | 1.8% | 2.0% | 4.0% |
| Return on equity | -5.4% | -5.8% | 9.5% | 2.6% | 3.3% | 15.6% |
| Return on assets | -1.5% | -1.8% | 3.7% | 1.0% | 1.2% | 5.3% |
| Free cash flow yield | 5.7% | -18.0% | 6.4% | 36.4% | 28.9% | 52.1% |
| Revenue growth | -16.7% | -0.6% | 1.9% | -9.5% | -56.7% | 5.1% |
| Earnings growth | -11.3% | -152.6% | 295.6% | -17.9% | -78.3% | -356.4% |
| Current ratio | 1.91x | 2.80x | 2.65x | 2.96x | 3.39x | 3.68x |
| Debt to equity | 2.21x | 1.86x | 1.11x | 1.10x | 1.26x | 1.29x |
| Equity ratio | 28.4% | 31.2% | 39.3% | 38.6% | 37.4% | 34.0% |
| Interest coverage | 0.07x | -5.24x | 2.49x | 12.95x | 18.98x | 44.71x |
| Buybacks as a share of market value | 0.0% | 0.7% | 13.4% | 2.5% | 3.1% | 4.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | -19.8% | -8.2% |
| Operating income | -66.3% | -59.4% | -37.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.9% | -0.4% | 3.0% | 2.7% |
| Net margin | -3.8% | 0.5% | 1.9% | 1.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.7 | -10.0 | 5.4 | 33.9 | 38.6 | 8.0 | -26.0 | -8.8 | 242.6 | 9.8 |
| Price to sales | 0.3 | 0.4 | 0.4 | 0.6 | 0.8 | 0.3 | 0.4 | 0.5 | 1.0 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Mar 2017.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 15.00 | 15.00 | 20.00 | 15.00 | 15.00 | 15.00 | 5.625 |
- 100-for-1 split · 26 Sept 2013
- 2-for-1 split · 24 Feb 2011
- 2-for-1 split · 28 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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