L 
196
0.00%
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
¥8.67bn
FY2017FY2026
Net income
−¥3.33bn
FY2017FY2026
Free cash flow
−¥1.55bn
FY2017FY2026
Shareholders' equity
¥3.98bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.67bn | ¥10.44bn | ¥12.31bn | ¥12.52bn | ¥11.56bn | ¥10.28bn | ¥10.94bn | ¥11.31bn | ¥9.11bn | ¥8.36bn |
| Gross profit | ¥753.1m | ¥2.01bn | ¥3.43bn | ¥3.84bn | ¥3.34bn | ¥2.54bn | ¥3.25bn | ¥3.49bn | ¥3.44bn | ¥3.58bn |
| Operating income | −¥2.07bn | −¥583.5m | ¥725.7m | ¥1.26bn | ¥1.09bn | ¥453.4m | ¥1.01bn | ¥1.21bn | ¥1.85bn | ¥2.13bn |
| Net income | −¥3.33bn | −¥539.1m | ¥338.3m | ¥1.00bn | ¥790.5m | ¥540.0m | ¥483.0m | ¥568.5m | ¥1.30bn | ¥1.45bn |
| Diluted earnings per share | -147.41 | -23.87 | 14.98 | 44.47 | 35.00 | 23.91 | 21.38 | 25.17 | 57.38 | 63.70 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥12.00bn | ¥16.78bn | ¥18.54bn | ¥17.46bn | ¥15.72bn | ¥15.28bn | ¥14.26bn | ¥13.26bn | ¥9.25bn | ¥8.30bn |
| Cash and short-term investments | ¥5.20bn | ¥7.04bn | ¥7.47bn | ¥7.04bn | ¥5.99bn | ¥5.08bn | ¥5.21bn | ¥5.06bn | ¥5.17bn | ¥4.35bn |
| Total liabilities | ¥8.02bn | ¥9.52bn | ¥10.30bn | ¥9.88bn | ¥9.17bn | ¥9.57bn | ¥8.92bn | ¥8.01bn | ¥4.04bn | ¥4.20bn |
| Debt | ¥2.25bn | ¥2.42bn | ¥3.00bn | ¥3.63bn | ¥4.19bn | ¥4.78bn | ¥4.73bn | ¥4.73bn | ¥975.4m | ¥1.13bn |
| Shareholders' equity | ¥3.98bn | ¥7.25bn | ¥8.24bn | ¥7.58bn | ¥6.54bn | ¥5.71bn | ¥5.34bn | ¥5.25bn | ¥5.20bn | ¥4.10bn |
| Shares outstanding | 23m | 23m | 23m | 23m | 23m | 23m | 23m | 23m | 23m | 23m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥1.52bn | ¥605.1m | ¥1.11bn | ¥1.84bn | ¥1.63bn | ¥23.6m | ¥1.19bn | −¥791.7m | ¥1.36bn | ¥2.29bn |
| Capital spending | −¥31.6m | −¥2.9m | −¥29.7m | −¥13.2m | −¥46.5m | −¥68.5m | −¥131.8m | −¥42.5m | −¥61.1m | −¥28.2m |
| Free cash flow | −¥1.55bn | ¥602.2m | ¥1.08bn | ¥1.83bn | ¥1.59bn | −¥44.9m | ¥1.06bn | −¥834.2m | ¥1.30bn | ¥2.26bn |
| Dividends paid | −¥360.9m | −¥338.5m | −¥315.8m | −¥316.0m | −¥316.0m | −¥316.3m | −¥270.9m | −¥250.0m | −¥227.5m | −¥227.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.91bn | ¥1.83bn | ¥1.98bn | ¥2.23bn | ¥2.63bn | ¥2.48bn | ¥2.53bn | ¥2.50bn |
| Gross profit | −¥13.4m | −¥83.7m | −¥55.9m | ¥272.1m | ¥620.6m | ¥426.5m | ¥451.3m | ¥499.7m |
| Operating income | −¥719.6m | −¥795.7m | −¥766.3m | −¥406.9m | −¥104.1m | −¥251.4m | −¥139.5m | −¥126.0m |
| Net income | −¥636.1m | −¥1.78bn | −¥623.5m | −¥750.8m | −¥176.8m | −¥222.2m | −¥36.4m | −¥198.2m |
| Diluted earnings per share | -28.16 | -78.74 | -27.61 | -33.24 | -7.83 | -9.84 | -1.61 | -8.78 |
| Total assets | ¥11.06bn | ¥12.00bn | ¥13.99bn | ¥14.42bn | ¥15.22bn | ¥16.78bn | ¥17.40bn | ¥17.29bn |
| Cash and short-term investments | ¥4.68bn | ¥5.20bn | ¥5.15bn | ¥5.40bn | ¥5.53bn | ¥7.04bn | ¥6.77bn | ¥7.21bn |
| Debt | ¥1.25bn | ¥2.05bn | ¥1.35bn | ¥1.90bn | ¥1.00bn | ¥2.19bn | ¥1.00bn | ¥2.32bn |
| Shareholders' equity | ¥3.21bn | ¥3.98bn | ¥5.67bn | ¥6.05bn | ¥6.69bn | ¥7.25bn | ¥7.68bn | ¥7.38bn |
Financial ratios
Data as of 10 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.7% | 19.2% | 27.9% | 30.7% | 28.9% | 24.7% |
| Operating margin | -23.9% | -5.6% | 5.9% | 10.0% | 9.4% | 4.4% |
| Net margin | -38.4% | -5.2% | 2.7% | 8.0% | 6.8% | 5.3% |
| Return on equity | -83.7% | -7.4% | 4.1% | 13.2% | 12.1% | 9.5% |
| Return on assets | -27.7% | -3.2% | 1.8% | 5.8% | 5.0% | 3.5% |
| Free cash flow yield | -33.0% | 13.5% | 25.2% | 41.0% | 37.2% | 2.0% |
| Revenue growth | -17.0% | -15.2% | -1.7% | 8.3% | 12.4% | -6.0% |
| Earnings growth | 517.6% | -259.4% | -66.3% | 27.1% | 46.4% | 11.8% |
| Current ratio | 1.31x | 1.56x | 1.64x | 1.78x | 1.88x | 1.82x |
| Debt to equity | 0.52x | 0.30x | 0.33x | 0.43x | 0.57x | 0.75x |
| Equity ratio | 33.1% | 43.2% | 44.4% | 43.4% | 41.6% | 37.4% |
| Interest coverage | -103.68x | -34.59x | 41.15x | 97.98x | 76.58x | 29.43x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.5% | -3.4% | 1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.5% | 22.8% | 24.2% | 29.2% |
| Operating margin | -13.9% | -1.5% | 1.3% | 8.0% |
| Net margin | -20.3% | -5.8% | -1.8% | 3.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -12.3 | 23.2 | 11.9 | 19.7 | 32.5 | 33.0 | 44.6 | 22.5 | 25.2 |
| Price to sales | 0.5 | 0.6 | 0.6 | 1.0 | 1.4 | 1.7 | 1.5 | 2.2 | 3.2 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 32.00 | 15.00 | 14.00 | 14.00 | 14.00 | 13.00 | 12.00 | 11.00 |
- 2-for-1 split · 28 Dec 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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