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Link and Motivation 2170.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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587

+1.91%

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.

FY2025

Revenue

¥41.52bn

FY2016FY2025

Net income

¥1.62bn

FY2016FY2025

Free cash flow

¥5.16bn

FY2016FY2025

Shareholders' equity

¥13.59bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥41.52bn¥37.46bn¥33.97bn¥32.78bn¥32.64bn¥30.79bn¥38.19bn¥39.94bn¥36.89bn¥33.32bn
Gross profit¥22.61bn¥19.88bn¥17.70bn¥16.07bn¥15.34bn¥14.01bn¥14.60bn¥15.65bn¥13.36bn¥12.18bn
Operating income¥5.68bn¥5.69bn¥4.58bn¥3.41bn¥2.71bn¥1.92bn¥2.83bn¥4.06bn¥3.32bn¥2.55bn
Net income¥1.62bn¥3.69bn¥2.84bn¥2.06bn¥919.0m−¥995.0m¥1.09bn¥1.95bn¥2.11bn¥1.80bn
Diluted earnings per share15.3534.5825.5818.468.64-9.4810.3518.4119.9517.07

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥41.00bn¥33.18bn¥30.84bn¥28.91bn¥30.06bn¥41.08bn¥44.79bn¥27.66bn¥25.77bn¥18.53bn
Cash and short-term investments¥11.37bn¥8.61bn¥7.39bn¥6.11bn¥4.92bn¥6.45bn¥2.16bn¥1.98bn¥1.65bn¥1.08bn
Total liabilities¥24.18bn¥18.79bn¥17.90bn¥17.66bn¥21.41bn¥36.16bn¥37.75bn¥19.98bn¥19.07bn¥13.75bn
Debt¥15.54bn¥11.63bn¥11.10bn¥11.13bn¥13.88bn¥28.38bn¥30.04bn¥11.21bn¥10.43bn¥6.78bn
Shareholders' equity¥13.59bn¥11.29bn¥10.16bn¥9.06bn¥7.49bn¥3.76bn¥7.04bn¥7.70bn¥6.69bn¥4.78bn
Shares outstanding106m107m111m112m106m105m105m106m106m106m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥5.25bn¥5.64bn¥4.34bn¥3.55bn¥4.32bn¥3.97bn¥3.83bn¥3.61bn¥2.94bn¥1.84bn
Capital spending−¥87.0m−¥173.0m−¥123.0m−¥1.03bn−¥1.22bn−¥921.0m−¥1.11bn−¥275.0m−¥930.0m−¥214.0m
Free cash flow¥5.16bn¥5.46bn¥4.22bn¥2.52bn¥3.10bn¥3.05bn¥2.72bn¥3.34bn¥2.01bn¥1.63bn
Dividends paid−¥1.63bn−¥1.27bn−¥1.16bn−¥847.0m−¥765.0m−¥754.0m−¥747.0m−¥710.0m−¥632.0m−¥550.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥11.58bn¥10.69bn¥11.34bn¥10.24bn¥10.57bn¥9.37bn¥10.03bn¥9.43bn
Gross profit¥6.58bn¥6.01bn¥6.18bn¥5.44bn¥5.93bn¥5.06bn¥5.31bn¥4.69bn
Operating income¥1.76bn¥1.49bn¥1.25bn¥1.24bn¥1.93bn¥1.26bn¥1.64bn¥1.28bn
Net income¥957.0m¥867.0m−¥896.0m¥719.0m¥1.05bn¥746.0m¥1.20bn¥815.0m
Diluted earnings per share8.968.12-8.486.809.967.0611.227.64
Cash from operations¥2.30bn¥274.0m¥2.31bn¥1.07bn¥2.02bn−¥155.0m¥2.97bn¥400.0m
Capital spending−¥27.0m−¥15.0m−¥16.0m−¥9.0m−¥35.0m−¥27.0m−¥4.0m−¥13.0m
Free cash flow¥2.27bn¥259.0m¥2.30bn¥1.06bn¥1.98bn−¥182.0m¥2.97bn¥387.0m
Total assets¥42.36bn¥40.06bn¥41.00bn¥40.70bn¥34.64bn¥33.41bn¥33.18bn¥33.07bn
Cash and short-term investments¥7.87bn¥7.50bn¥11.37bn¥10.19bn¥8.70bn¥8.69bn¥8.61bn¥8.15bn
Debt¥16.21bn¥8.13bn¥13.32bn¥5.50bn¥10.16bn¥5.05bn¥3.66bn¥4.91bn
Shareholders' equity¥12.28bn¥12.51bn¥13.59bn¥14.96bn¥12.39bn¥11.67bn¥11.29bn¥10.49bn

Financial ratios

Data as of 15 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin54.4%53.1%52.1%49.0%47.0%45.5%
Operating margin13.7%15.2%13.5%10.4%8.3%6.2%
Net margin3.9%9.9%8.4%6.3%2.8%-3.2%
Return on equity11.9%32.7%28.0%22.7%12.3%-26.5%
Return on assets4.0%11.1%9.2%7.1%3.1%-2.4%
Free cash flow yield7.5%8.1%6.0%6.1%7.8%7.0%
Revenue growth10.8%10.3%3.6%0.4%6.0%-19.4%
Earnings growth-56.1%29.8%38.1%124.0%-192.4%-191.6%
Current ratio1.25x1.38x0.97x0.91x0.65x0.71x
Debt to equity0.98x0.84x0.83x0.92x1.33x7.55x
Equity ratio33.1%34.0%33.0%31.3%24.9%9.2%
Interest coverage38.12x62.51x63.56x23.38x15.60x8.02x
Buybacks as a share of market value1.0%4.0%0.4%-4.9%-1.4%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.2%6.2%2.7%
Operating income18.5%24.2%21.4%
Net income-7.6%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin53.8%52.3%50.5%44.2%
Operating margin14.4%13.3%11.5%9.6%
Net margin6.7%7.0%4.8%4.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings33.317.121.835.063.7-61.761.545.846.125.1
Price to sales1.31.71.82.21.82.01.82.22.61.4

Dividends and splits

Per share, in the currency the company pays

Paid for 19 years. Last went ex-dividend on 29 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year12.3019.3011.8010.407.607.307.207.10
  • 100-for-1 split · 27 Mar 2014
  • 2-for-1 split · 27 Nov 2013
  • 2-for-1 split · 25 Apr 2013
  • 2-for-1 split · 27 Jun 2012

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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