E 
1,839
+3.20%
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
¥46.59bn
FY2017FY2026
Net income
¥3.37bn
FY2017FY2026
Free cash flow
¥2.23bn
FY2017FY2026
Shareholders' equity
¥40.27bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥46.59bn | ¥42.70bn | ¥37.21bn | ¥37.51bn | ¥36.67bn | ¥34.33bn | ¥30.39bn | ¥26.17bn | ¥25.82bn | ¥22.98bn |
| Gross profit | ¥15.03bn | ¥13.68bn | ¥12.10bn | ¥12.24bn | ¥11.95bn | ¥11.10bn | ¥9.66bn | ¥7.70bn | ¥7.35bn | ¥6.31bn |
| Research and development | ¥234.0m | ¥105.0m | ¥75.0m | ¥96.0m | ¥100.0m | ¥63.0m | ¥61.0m | ¥50.0m | ¥65.0m | ¥50.0m |
| Operating income | ¥4.67bn | ¥4.47bn | ¥4.35bn | ¥4.45bn | ¥4.49bn | ¥3.86bn | ¥2.98bn | ¥1.68bn | ¥1.58bn | ¥1.25bn |
| Net income | ¥3.37bn | ¥3.20bn | ¥3.03bn | ¥3.05bn | ¥3.12bn | ¥2.78bn | ¥2.03bn | ¥1.26bn | ¥966.0m | −¥292.0m |
| Diluted earnings per share | 187.53 | 177.43 | 193.11 | 194.58 | 199.69 | 174.61 | 143.33 | 92.67 | 70.11 | -25.44 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥56.75bn | ¥52.01bn | ¥41.42bn | ¥39.19bn | ¥39.24bn | ¥37.51bn | ¥31.18bn | ¥26.73bn | ¥24.85bn | ¥23.46bn |
| Cash and short-term investments | ¥24.86bn | ¥21.46bn | ¥19.19bn | ¥17.19bn | ¥18.09bn | ¥18.98bn | ¥14.19bn | ¥10.88bn | ¥9.99bn | ¥11.46bn |
| Total liabilities | ¥16.47bn | ¥17.95bn | ¥8.83bn | ¥9.32bn | ¥11.69bn | ¥12.01bn | ¥10.86bn | ¥8.58bn | ¥9.09bn | ¥8.68bn |
| Debt | ¥6.92bn | ¥7.48bn | ¥193.0m | ¥409.0m | ¥605.0m | ¥938.0m | ¥1.33bn | ¥530.0m | ¥764.0m | ¥1.05bn |
| Shareholders' equity | ¥40.27bn | ¥34.05bn | ¥32.58bn | ¥29.86bn | ¥27.54bn | ¥25.49bn | ¥20.32bn | ¥18.15bn | ¥15.75bn | ¥14.77bn |
| Shares outstanding | 18m | 18m | 16m | 16m | 16m | 16m | 14m | 14m | 14m | 11m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.05bn | ¥4.13bn | ¥3.94bn | ¥1.38bn | ¥956.0m | ¥3.40bn | ¥5.09bn | ¥1.22bn | −¥158.0m | ¥1.25bn |
| Capital spending | −¥821.0m | −¥995.0m | −¥510.0m | −¥1.41bn | −¥528.0m | −¥581.0m | −¥663.0m | −¥1.13bn | −¥705.0m | −¥263.0m |
| Free cash flow | ¥2.23bn | ¥3.14bn | ¥3.43bn | −¥32.0m | ¥428.0m | ¥2.82bn | ¥4.42bn | ¥86.0m | −¥863.0m | ¥988.0m |
| Dividends paid | −¥1.13bn | −¥1.28bn | −¥803.0m | −¥691.0m | −¥559.0m | −¥344.0m | −¥261.0m | −¥172.0m | −¥149.0m | −¥149.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.07bn | ¥26.39bn | ¥9.96bn | ¥5.95bn | ¥4.29bn | ¥26.20bn | ¥8.92bn | ¥4.51bn |
| Gross profit | ¥1.64bn | ¥8.94bn | ¥3.23bn | ¥2.00bn | ¥1.15bn | ¥8.80bn | ¥2.87bn | ¥1.37bn |
| Operating income | −¥1.19bn | ¥6.07bn | ¥703.0m | −¥582.0m | −¥1.52bn | ¥5.67bn | ¥618.0m | −¥745.0m |
| Net income | −¥236.0m | ¥4.50bn | ¥489.0m | −¥484.0m | −¥1.13bn | ¥3.86bn | ¥799.0m | −¥586.0m |
| Diluted earnings per share | -13.13 | 250.11 | 27.20 | -26.81 | -62.60 | 213.77 | 44.26 | -37.32 |
| Cash from operations | — | ¥3.05bn | — | — | — | — | — | — |
| Capital spending | — | −¥821.0m | — | — | — | — | — | — |
| Free cash flow | — | ¥2.23bn | — | — | — | — | — | — |
| Total assets | ¥53.95bn | ¥56.75bn | ¥56.67bn | ¥53.53bn | ¥50.95bn | ¥52.01bn | ¥52.15bn | ¥48.72bn |
| Cash and short-term investments | ¥20.28bn | ¥24.86bn | ¥15.90bn | ¥17.65bn | ¥20.07bn | ¥21.46bn | ¥12.36bn | ¥13.20bn |
| Debt | ¥515.0m | ¥6.85bn | ¥6.44bn | ¥9.05bn | ¥558.0m | ¥7.40bn | ¥6.20bn | ¥9.81bn |
| Shareholders' equity | ¥39.38bn | ¥40.27bn | ¥35.13bn | ¥35.10bn | ¥35.48bn | ¥34.05bn | ¥30.17bn | ¥30.18bn |
Financial ratios
Data as of 21 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.3% | 32.0% | 32.5% | 32.6% | 32.6% | 32.3% |
| Operating margin | 10.2% | 10.6% | 11.7% | 11.9% | 12.3% | 11.3% |
| Net margin | 7.2% | 7.5% | 8.1% | 8.1% | 8.5% | 8.1% |
| Return on equity | 8.4% | 9.4% | 9.3% | 10.2% | 11.3% | 10.9% |
| Return on assets | 5.9% | 6.2% | 7.3% | 7.8% | 8.0% | 7.4% |
| Free cash flow yield | 11.5% | 15.0% | 15.0% | 9.4% | 5.0% | 13.2% |
| Revenue growth | 9.1% | 14.8% | -0.8% | 2.3% | 6.8% | 13.0% |
| Earnings growth | 5.2% | 5.6% | -0.6% | -2.2% | 12.1% | 37.2% |
| Current ratio | 4.24x | 3.36x | 3.48x | 3.19x | 2.62x | 2.47x |
| Debt to equity | 0.17x | 0.22x | 0.00x | 0.01x | 0.02x | 0.04x |
| Equity ratio | 71.0% | 65.5% | 78.7% | 76.2% | 70.2% | 67.9% |
| Interest coverage | 50.86x | 77.97x | 334.62x | 371.00x | 408.36x | 352.45x |
| R&D as a share of sales | 0.5% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% |
| Buybacks as a share of market value | 1.4% | -15.0% | -0.1% | -0.3% | 2.0% | -12.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.5% | 6.3% | 7.6% |
| Operating income | 1.6% | 3.9% | 14.2% |
| Net income | 3.4% | 3.9% | 13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.2% | 32.3% | 32.4% | 31.2% |
| Operating margin | 10.2% | 10.9% | 11.2% | 9.7% |
| Net margin | 7.4% | 7.7% | 7.9% | 6.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | 9.9 | 8.8 | 8.3 | 6.7 | 7.1 | 7.3 | 9.3 | 7.2 | -29.2 |
| Price to sales | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 69.00 | 120.00 | 50.00 | 43.00 | 35.00 | 25.00 | 2.50 | 2.00 |
- 2-for-1 split · 27 Nov 2020
- 20-for-1 split · 26 Nov 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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