C 
93
+1.09%
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
¥3.34bn
FY2017FY2026
Net income
−¥289.5m
FY2017FY2026
Free cash flow
−¥161.2m
FY2017FY2026
Shareholders' equity
¥755.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.34bn | ¥3.15bn | ¥2.98bn | ¥2.93bn | ¥2.89bn | ¥2.79bn | ¥2.67bn | ¥3.99bn | ¥4.07bn | ¥3.95bn |
| Gross profit | ¥2.35bn | ¥2.24bn | ¥2.13bn | ¥2.13bn | ¥2.12bn | ¥2.01bn | ¥1.86bn | ¥2.90bn | ¥2.92bn | ¥2.77bn |
| Operating income | ¥51.0m | ¥45.7m | ¥34.3m | −¥20.9m | ¥9.4m | −¥51.1m | −¥318.5m | ¥23.0m | ¥21.3m | −¥152.7m |
| Net income | −¥289.5m | ¥41.3m | ¥3.5m | −¥51.3m | ¥8.5m | −¥86.9m | −¥348.1m | ¥22,000 | ¥1.8m | −¥161.5m |
| Diluted earnings per share | -19.23 | 3.06 | 0.26 | -6.61 | 1.13 | -45.55 | -188.85 | 0.01 | 1.01 | -88.66 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.45bn | ¥2.30bn | ¥1.25bn | ¥1.11bn | ¥1.29bn | ¥1.33bn | ¥1.26bn | ¥1.50bn | ¥1.53bn | ¥1.62bn |
| Cash and short-term investments | ¥596.0m | ¥640.1m | ¥772.2m | ¥674.1m | ¥874.4m | ¥902.6m | ¥785.6m | ¥730.3m | ¥704.3m | ¥816.2m |
| Total liabilities | ¥1.69bn | ¥1.65bn | ¥946.2m | ¥955.5m | ¥1.11bn | ¥1.25bn | ¥1.15bn | ¥1.05bn | ¥1.09bn | ¥1.18bn |
| Debt | ¥327.0m | ¥1.02bn | ¥365.9m | ¥466.7m | ¥606.5m | ¥770.4m | ¥637.5m | ¥256.6m | ¥353.2m | ¥355.4m |
| Shareholders' equity | ¥755.9m | ¥653.2m | ¥302.3m | ¥154.3m | ¥176.2m | ¥81.3m | ¥114.8m | ¥456.0m | ¥438.1m | ¥439.9m |
| Shares outstanding | 15m | 13m | 13m | 8m | 7m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥151.5m | ¥11.8m | ¥127.9m | −¥19.5m | ¥67.7m | ¥60.5m | −¥306.2m | ¥95,000 | −¥64.0m | −¥42.0m |
| Capital spending | −¥9.7m | −¥1.04bn | −¥51.1m | −¥44.0m | −¥16.9m | −¥25.2m | −¥17.9m | −¥13,000 | −¥17.0m | −¥21.0m |
| Free cash flow | −¥161.2m | −¥1.03bn | ¥76.8m | −¥63.5m | ¥50.8m | ¥35.3m | −¥324.1m | ¥82,000 | −¥81.0m | −¥63.0m |
| Dividends paid | — | — | — | — | — | — | −¥5.5m | −¥3.7m | −¥3.0m | −¥3.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥810.5m | ¥889.5m | ¥815.9m | ¥819.7m | ¥810.2m | ¥813.7m | ¥737.7m | ¥788.4m |
| Gross profit | ¥551.3m | ¥642.2m | ¥573.1m | ¥580.7m | ¥564.3m | ¥576.7m | ¥532.4m | ¥567.7m |
| Operating income | −¥18.5m | ¥66.9m | ¥55.3m | −¥52.7m | ¥14.1m | ¥18.2m | ¥1.8m | ¥11.5m |
| Net income | −¥222.3m | ¥232,000 | −¥1.7m | −¥65.7m | ¥13.1m | ¥18.7m | ¥427,000 | ¥3.8m |
| Diluted earnings per share | -14.77 | 0.02 | -0.11 | -4.87 | 0.97 | 1.39 | 0.03 | 0.28 |
| Total assets | ¥2.45bn | ¥2.51bn | ¥2.27bn | ¥2.29bn | ¥2.30bn | ¥2.14bn | ¥1.46bn | ¥1.55bn |
| Cash and short-term investments | ¥596.0m | ¥668.7m | ¥433.4m | ¥503.6m | ¥640.1m | ¥755.7m | ¥877.6m | ¥949.5m |
| Debt | ¥327.0m | ¥280.3m | ¥1.02bn | ¥334.2m | ¥1.02bn | ¥264.7m | ¥310.0m | ¥260.8m |
| Shareholders' equity | ¥755.9m | ¥909.3m | ¥628.5m | ¥596.8m | ¥653.2m | ¥628.5m | ¥609.8m | ¥609.4m |
Financial ratios
Data as of 28 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 70.4% | 71.1% | 71.5% | 72.8% | 73.5% | 71.9% |
| Operating margin | 1.5% | 1.6% | 0.1% | -1.6% | 0.4% | -3.1% |
| Net margin | -8.7% | 1.3% | 0.1% | -1.8% | 0.3% | -3.1% |
| Return on equity | -38.3% | 6.3% | 1.1% | -33.3% | 4.8% | -106.9% |
| Return on assets | -11.8% | 1.8% | 0.3% | -4.6% | 0.7% | -6.5% |
| Free cash flow yield | -9.9% | 82.3% | 14.0% | 3.3% | 11.9% | 47.3% |
| Revenue growth | 5.8% | 5.9% | 1.7% | 1.3% | 3.6% | 4.3% |
| Earnings growth | -800.3% | 1089.2% | -106.8% | -706.8% | -109.7% | -75.0% |
| Current ratio | 1.23x | 1.44x | 1.59x | 1.55x | 1.74x | 1.79x |
| Debt to equity | 0.43x | 1.55x | 1.21x | 3.03x | 3.44x | 9.42x |
| Equity ratio | 30.8% | 28.4% | 24.2% | 13.9% | 13.7% | 6.1% |
| Interest coverage | 4.02x | 9.83x | 1.96x | -20.26x | 3.09x | -18.10x |
| Buybacks as a share of market value | -11.5% | -0.3% | -73.2% | -4.2% | -291.2% | -3.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.5% | 3.6% | -1.3% |
| Net income | 78.0% | 27.2% | 1.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 70.7% | 71.4% | 71.8% | 71.3% |
| Operating margin | 1.5% | 0.9% | 0.4% | -1.6% |
| Net margin | -3.8% | -2.4% | -2.1% | -3.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.9 | 43.5 | 351.8 | -15.6 | 95.5 | -2.9 | -1.1 | — | — | -1.3 |
| Price to sales | 0.4 | 0.6 | 0.4 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.4 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Aug 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.833 | 0.556 | 0.556 | 0.556 | 2.778 | 4.167 | 2.778 | 1.667 |
- 2-for-1 split · 30 Oct 2025
- 200-for-1 split · 24 Feb 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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