G 
2,111
+1.83%
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
¥26.84bn
FY2016FY2025
Net income
−¥4.41bn
FY2016FY2025
Free cash flow
−¥2.74bn
FY2016FY2025
Shareholders' equity
¥50.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥26.84bn | ¥23.61bn | ¥26.01bn | ¥17.42bn | ¥12.69bn | ¥9.77bn | ¥7.45bn | ¥5.02bn | ¥2.65bn | ¥1.31bn |
| Gross profit | ¥19.99bn | ¥18.04bn | ¥22.43bn | ¥14.74bn | ¥11.09bn | ¥8.23bn | ¥6.40bn | ¥4.17bn | ¥2.15bn | ¥1.12bn |
| Research and development | ¥3.30bn | ¥2.81bn | ¥2.56bn | ¥2.55bn | ¥2.02bn | ¥1.24bn | ¥758.1m | ¥530.2m | ¥268.6m | ¥274.3m |
| Operating income | −¥3.47bn | ¥1.41bn | ¥4.58bn | ¥1.64bn | ¥1.12bn | ¥1.80bn | ¥1.30bn | ¥641.5m | ¥144.8m | −¥276.0m |
| Net income | −¥4.41bn | ¥1.10bn | ¥8.09bn | ¥388.8m | ¥1.07bn | ¥1.26bn | ¥181.8m | −¥200.1m | −¥175.2m | −¥513.1m |
| Diluted earnings per share | -83.87 | 21.93 | 164.37 | 8.19 | 22.46 | 28.01 | 4.19 | -4.93 | -4.33 | -14.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥83.79bn | ¥71.94bn | ¥64.27bn | ¥33.91bn | ¥30.30bn | ¥23.22bn | ¥20.61bn | ¥17.10bn | ¥15.68bn | ¥5.82bn |
| Cash and short-term investments | ¥21.10bn | ¥12.93bn | ¥23.15bn | ¥11.24bn | ¥14.35bn | ¥10.32bn | ¥8.07bn | ¥5.96bn | ¥5.09bn | ¥3.09bn |
| Total liabilities | ¥32.11bn | ¥32.07bn | ¥27.72bn | ¥14.10bn | ¥11.03bn | ¥10.45bn | ¥7.51bn | ¥7.09bn | ¥5.76bn | ¥1.29bn |
| Debt | ¥5.37bn | ¥22.66bn | ¥18.84bn | ¥537.4m | ¥1.13bn | ¥1.75bn | ¥2.04bn | ¥2.32bn | ¥1.32bn | ¥678.7m |
| Shareholders' equity | ¥50.15bn | ¥36.45bn | ¥33.79bn | ¥20.97bn | ¥18.86bn | ¥11.00bn | ¥10.69bn | ¥9.02bn | ¥8.89bn | ¥3.26bn |
| Shares outstanding | 53m | 50m | 49m | 47m | 47m | 45m | 43m | 41m | 40m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥2.41bn | −¥3.16bn | ¥6.55bn | ¥393.3m | ¥552.3m | ¥1.38bn | ¥788.6m | ¥621.2m | −¥476.6m | −¥518.7m |
| Capital spending | −¥334.0m | −¥522.8m | −¥1.27bn | −¥973.5m | −¥379.5m | −¥303.8m | −¥539.4m | −¥774.1m | −¥316.9m | −¥8.6m |
| Free cash flow | −¥2.74bn | −¥3.69bn | ¥5.28bn | −¥580.2m | ¥172.8m | ¥1.07bn | ¥249.2m | −¥152.8m | −¥793.5m | −¥527.3m |
| Dividends paid | — | — | −¥218.0m | −¥500.0m | −¥150.8m | −¥150.8m | −¥579.5m | −¥268.1m | −¥804.8m | −¥59.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.41bn | ¥5.53bn | ¥7.48bn | ¥7.10bn | ¥6.93bn | ¥5.32bn | ¥6.42bn | ¥5.46bn |
| Gross profit | ¥4.60bn | ¥4.03bn | ¥5.62bn | ¥5.54bn | ¥4.72bn | ¥4.12bn | ¥4.36bn | ¥4.11bn |
| Operating income | ¥3.28bn | −¥2.49bn | −¥2.29bn | ¥738.5m | −¥241.7m | −¥516.8m | −¥1.42bn | −¥154.5m |
| Net income | ¥139.0m | −¥2.13bn | −¥3.92bn | ¥419.4m | −¥385.1m | −¥530.3m | −¥206.8m | ¥975.0m |
| Diluted earnings per share | 2.49 | -38.13 | -74.44 | 7.97 | -7.32 | -10.08 | -4.13 | 19.47 |
| Cash from operations | −¥1.19bn | −¥415.0m | −¥1.70bn | ¥224.0m | −¥643.0m | −¥287.0m | −¥1.11bn | −¥589.0m |
| Capital spending | −¥65.0m | −¥91.0m | −¥50.0m | −¥103.0m | −¥148.0m | −¥32.0m | −¥57.0m | −¥160.0m |
| Free cash flow | −¥1.26bn | −¥506.0m | −¥1.75bn | ¥121.0m | −¥791.0m | −¥319.0m | −¥1.16bn | −¥749.0m |
| Total assets | ¥81.76bn | ¥82.59bn | ¥83.79bn | ¥82.60bn | ¥67.72bn | ¥68.00bn | ¥71.94bn | ¥62.75bn |
| Cash and short-term investments | ¥17.16bn | ¥19.87bn | ¥21.10bn | ¥22.78bn | ¥10.52bn | ¥9.93bn | ¥12.93bn | ¥14.05bn |
| Debt | ¥4.15bn | ¥2.41bn | ¥4.37bn | ¥3.10bn | ¥4.13bn | ¥4.70bn | ¥5.27bn | ¥5.29bn |
| Shareholders' equity | ¥40.44bn | ¥50.03bn | ¥50.15bn | ¥50.05bn | ¥35.27bn | ¥34.10bn | ¥36.45bn | ¥33.09bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.5% | 22.4% | 38.7% |
| Operating income | — | — | 18.2% |
| Net income | — | — | 21.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.4% | 80.1% | 81.2% | 81.6% |
| Operating margin | -4.1% | 4.4% | 6.1% | 6.2% |
| Net margin | -6.6% | 5.5% | 6.4% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.8 | 155.3 | 17.2 | 170.1 | 65.9 | 64.6 | — | -69.1 | -1520.1 | -163.7 |
| Price to sales | 4.7 | 7.2 | 5.4 | 3.8 | 5.5 | 8.3 | 15.3 | 2.8 | 100.6 | 64.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 2 Sept 2019
- 10-to-1 reverse split · 27 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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