A 
303
+0.66%
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
¥4.87bn
FY2016FY2025
Net income
¥311.0m
FY2016FY2025
Free cash flow
−¥246.4m
FY2016FY2025
Shareholders' equity
¥2.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.87bn | ¥4.93bn | ¥4.54bn | ¥4.82bn | ¥5.16bn | ¥4.61bn | ¥4.74bn | ¥4.70bn | ¥4.80bn | ¥4.73bn |
| Gross profit | ¥2.18bn | ¥2.23bn | ¥2.14bn | ¥2.14bn | ¥2.00bn | ¥1.77bn | ¥1.66bn | ¥1.57bn | ¥1.50bn | ¥1.53bn |
| Operating income | ¥435.9m | ¥473.5m | ¥472.2m | ¥628.8m | ¥583.4m | ¥289.8m | ¥236.1m | ¥136.3m | ¥80.2m | ¥78.0m |
| Net income | ¥311.0m | ¥423.2m | ¥308.3m | ¥531.2m | ¥632.8m | ¥388.7m | ¥162.6m | ¥24.3m | −¥337.2m | −¥26.2m |
| Diluted earnings per share | 17.72 | 24.11 | 17.57 | 30.01 | 36.08 | 22.16 | 9.27 | 1.39 | -19.23 | -1.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.68bn | ¥6.60bn | ¥6.18bn | ¥4.83bn | ¥4.43bn | ¥4.32bn | ¥3.83bn | ¥3.67bn | ¥3.80bn | ¥4.23bn |
| Cash and short-term investments | ¥3.12bn | ¥2.73bn | ¥2.83bn | ¥1.78bn | ¥1.39bn | ¥1.24bn | ¥778.4m | ¥667.4m | ¥622.5m | ¥579.8m |
| Total liabilities | ¥4.68bn | ¥3.87bn | ¥3.91bn | ¥2.83bn | ¥2.97bn | ¥3.51bn | ¥3.41bn | ¥3.41bn | ¥3.59bn | ¥3.66bn |
| Debt | ¥2.68bn | ¥2.01bn | ¥2.09bn | ¥1.29bn | ¥1.40bn | ¥1.97bn | ¥1.77bn | ¥1.90bn | ¥2.02bn | ¥2.01bn |
| Shareholders' equity | ¥2.94bn | ¥2.67bn | ¥2.27bn | ¥2.00bn | ¥1.46bn | ¥809.1m | ¥424.6m | ¥267.1m | ¥214.3m | ¥568.8m |
| Shares outstanding | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥584.8m | ¥474.6m | ¥725.5m | ¥585.1m | ¥873.2m | ¥391.7m | ¥430.1m | ¥288.8m | ¥165.4m | ¥430.7m |
| Capital spending | −¥831.1m | −¥413.6m | −¥326.4m | −¥80.5m | −¥68.5m | −¥79.7m | −¥156.8m | −¥82.1m | −¥24.9m | −¥480.3m |
| Free cash flow | −¥246.4m | ¥61.0m | ¥399.1m | ¥504.6m | ¥804.8m | ¥312.0m | ¥273.3m | ¥206.8m | ¥140.6m | −¥49.6m |
| Dividends paid | −¥70.1m | −¥70.1m | −¥53.5m | −¥33.8m | −¥33.0m | −¥33.0m | −¥33.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.33bn | ¥1.09bn | ¥1.34bn | ¥1.19bn | ¥1.14bn | ¥1.19bn | ¥1.44bn | ¥1.19bn |
| Gross profit | ¥589.8m | ¥478.5m | ¥567.1m | ¥528.4m | ¥534.7m | ¥551.1m | ¥597.9m | ¥543.2m |
| Operating income | ¥117.7m | ¥35.6m | ¥138.9m | ¥85.3m | ¥111.6m | ¥100.1m | ¥172.5m | ¥114.0m |
| Net income | ¥59.7m | ¥38.1m | ¥125.6m | ¥58.5m | ¥62.0m | ¥64.9m | ¥146.0m | ¥62.7m |
| Diluted earnings per share | 3.40 | 2.17 | 7.16 | 3.33 | 3.53 | 3.69 | 8.32 | 3.57 |
| Total assets | ¥7.38bn | ¥7.41bn | ¥7.68bn | ¥7.45bn | ¥7.45bn | ¥6.45bn | ¥6.60bn | ¥6.45bn |
| Cash and short-term investments | ¥2.84bn | ¥3.02bn | ¥3.12bn | ¥3.62bn | ¥3.72bn | ¥2.63bn | ¥2.73bn | ¥2.50bn |
| Debt | ¥2.48bn | ¥401.1m | ¥2.67bn | ¥401.1m | ¥2.86bn | ¥303.1m | ¥293.8m | ¥286.7m |
| Shareholders' equity | ¥3.01bn | ¥2.94bn | ¥2.94bn | ¥2.78bn | ¥2.70bn | ¥2.66bn | ¥2.67bn | ¥2.50bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2010 | FY2008 | FY2006 | FY2004 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 44.8% | 45.1% | 47.1% | 44.3% | 38.8% | 38.4% | — | — | — | — |
| Operating margin | 10.5% | 10.7% | 11.5% | 15.1% | 11.8% | 6.3% | — | — | — | — |
| Net margin | 6.4% | 8.6% | 6.8% | 11.0% | 12.3% | 8.4% | — | — | — | — |
| Return on equity | 10.6% | 15.9% | 13.6% | 26.5% | 43.5% | 48.0% | — | — | — | — |
| Return on assets | 4.0% | 6.4% | 5.0% | 11.0% | 14.3% | 9.0% | — | — | — | — |
| Free cash flow yield | 23.0% | 14.4% | 17.1% | 10.7% | 15.3% | 7.7% | — | — | — | — |
| Revenue growth | -1.3% | 8.7% | -6.0% | -6.5% | 11.9% | -2.9% | — | — | — | — |
| Earnings growth | -26.5% | 37.2% | -42.0% | -16.1% | 62.8% | 139.1% | — | — | — | — |
| Current ratio | 2.31x | 2.32x | 2.35x | 2.18x | 1.79x | 1.34x | — | — | — | — |
| Debt to equity | 0.91x | 0.75x | 0.92x | 0.63x | 0.94x | 2.39x | — | — | — | — |
| Equity ratio | 38.3% | 40.4% | 36.7% | 41.4% | 32.9% | 18.7% | — | — | — | — |
| Interest coverage | 12.08x | 18.90x | 27.71x | 44.06x | 25.93x | 4.90x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.9% | 3.4% | 0.5% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.9% | -0.9% | 0.0% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 1.1% | 0.7% |
| Operating income | -11.5% | 8.5% | 47.6% |
| Net income | -16.3% | -4.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.0% | 45.3% | 43.1% | 38.3% |
| Operating margin | 9.3% | 10.5% | 10.0% | 6.5% |
| Net margin | 7.5% | 8.2% | 9.0% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.6 | 13.4 | 30.6 | 39.1 | 15.7 | 8.9 | 21.6 | 148.7 | -8.5 | -25.9 |
| Price to sales | 1.1 | 1.1 | 2.1 | 4.3 | 1.9 | 0.8 | 0.7 | 0.8 | 0.6 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2014 | |
|---|---|---|---|---|---|
| Paid in the year | 9.00 | 4.00 | 3.00 | 2.00 | 0.667 |
- 3-for-1 split · 29 Sept 2022
- 5-for-1 split · 29 Dec 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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