T 
2,718
+0.55%
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
¥26.57bn
FY2017FY2026
Net income
−¥230.4m
FY2017FY2026
Free cash flow
¥363.8m
FY2017FY2026
Shareholders' equity
¥3.34bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥26.57bn | ¥28.09bn | ¥28.21bn | ¥29.46bn | ¥29.48bn | ¥30.40bn | ¥29.58bn | ¥31.92bn | ¥34.25bn | ¥32.77bn |
| Gross profit | ¥3.53bn | ¥3.74bn | ¥4.33bn | ¥3.99bn | ¥4.31bn | ¥5.10bn | ¥5.25bn | ¥5.66bn | ¥6.06bn | ¥5.86bn |
| Research and development | — | ¥72.4m | ¥68.3m | ¥74.2m | ¥70.6m | ¥85.0m | ¥84.9m | ¥73.0m | ¥77.3m | ¥69.1m |
| Operating income | −¥383.1m | −¥432.5m | ¥144.4m | −¥217.0m | ¥153.0m | ¥104.8m | −¥86.6m | ¥170.4m | ¥444.3m | ¥501.5m |
| Net income | −¥230.4m | −¥495.2m | ¥123.8m | −¥191.0m | ¥174.8m | ¥55.1m | −¥146.3m | ¥92.3m | ¥307.3m | ¥391.3m |
| Diluted earnings per share | -112.20 | -241.16 | 60.29 | -93.03 | 85.11 | 26.82 | -71.24 | 44.92 | 149.63 | 190.54 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥12.07bn | ¥12.47bn | ¥13.67bn | ¥12.80bn | ¥13.56bn | ¥13.61bn | ¥13.16bn | ¥14.17bn | ¥15.07bn | ¥13.52bn |
| Cash and short-term investments | ¥1.97bn | ¥1.41bn | ¥1.99bn | ¥1.93bn | ¥2.36bn | ¥1.96bn | ¥1.84bn | ¥2.15bn | ¥1.74bn | ¥2.46bn |
| Total liabilities | ¥8.73bn | ¥8.99bn | ¥9.66bn | ¥9.15bn | ¥9.72bn | ¥9.90bn | ¥9.75bn | ¥10.42bn | ¥11.20bn | ¥9.99bn |
| Debt | ¥4.90bn | ¥4.96bn | ¥4.92bn | ¥5.18bn | ¥5.64bn | ¥5.71bn | ¥5.50bn | ¥5.68bn | ¥5.81bn | ¥4.95bn |
| Shareholders' equity | ¥3.34bn | ¥3.48bn | ¥4.01bn | ¥3.66bn | ¥3.84bn | ¥3.71bn | ¥3.41bn | ¥3.75bn | ¥3.87bn | ¥3.53bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥475.1m | ¥3.1m | ¥796.7m | ¥281.9m | ¥962.7m | ¥615.7m | ¥448.1m | ¥1.32bn | ¥507.2m | ¥1.12bn |
| Capital spending | −¥111.3m | −¥270.8m | −¥126.9m | −¥82.2m | −¥214.9m | −¥215.2m | −¥124.7m | −¥278.8m | −¥1.06bn | −¥296.4m |
| Free cash flow | ¥363.8m | −¥267.7m | ¥669.8m | ¥199.7m | ¥747.8m | ¥400.5m | ¥323.3m | ¥1.04bn | −¥553.9m | ¥818.9m |
| Dividends paid | −¥17,000 | −¥40.9m | −¥16,000 | −¥41.1m | −¥30.8m | −¥103,000 | −¥31.2m | −¥51.3m | −¥30.7m | −¥30.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.79bn | ¥5.95bn | ¥7.36bn | ¥6.69bn | ¥6.57bn | ¥6.27bn | ¥7.85bn | ¥7.11bn |
| Gross profit | ¥849.0m | ¥691.5m | ¥1.10bn | ¥876.4m | ¥861.7m | ¥744.1m | ¥1.11bn | ¥880.3m |
| Operating income | −¥105.8m | −¥236.7m | ¥80.1m | −¥128.3m | −¥98.1m | −¥229.3m | ¥18.0m | −¥213.6m |
| Net income | −¥1.3m | −¥294.7m | ¥294.1m | −¥140.1m | −¥89.7m | −¥237.2m | ¥31.2m | −¥306.3m |
| Diluted earnings per share | -0.65 | -143.51 | 143.20 | -68.20 | -43.69 | -115.50 | 15.22 | -149.17 |
| Total assets | ¥12.21bn | ¥12.07bn | ¥14.19bn | ¥12.34bn | ¥12.87bn | ¥12.47bn | ¥14.64bn | ¥12.56bn |
| Cash and short-term investments | ¥1.88bn | ¥1.97bn | ¥2.24bn | ¥1.67bn | ¥1.82bn | ¥1.41bn | ¥1.53bn | ¥1.53bn |
| Debt | ¥3.84bn | ¥4.50bn | ¥3.73bn | ¥4.61bn | ¥3.74bn | ¥4.47bn | ¥3.59bn | ¥4.43bn |
| Shareholders' equity | ¥3.24bn | ¥3.34bn | ¥3.55bn | ¥3.33bn | ¥3.50bn | ¥3.48bn | ¥3.79bn | ¥3.66bn |
Financial ratios
Data as of 13 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 13.3% | 13.3% | 15.4% | 13.5% | 14.6% | 16.8% | — |
| Operating margin | -1.4% | -1.5% | 0.5% | -0.7% | 0.4% | 0.2% | — |
| Net margin | -0.9% | -1.8% | 0.4% | -0.6% | 0.6% | 0.2% | — |
| Return on equity | -6.9% | -14.2% | 3.1% | -5.2% | 4.6% | 1.5% | — |
| Return on assets | -1.9% | -4.0% | 0.9% | -1.5% | 1.3% | 0.4% | — |
| Free cash flow yield | 10.7% | 5.0% | 16.8% | 6.6% | 21.5% | 15.2% | — |
| Revenue growth | -5.4% | -0.4% | -4.2% | -0.1% | -3.0% | 2.8% | — |
| Earnings growth | -53.5% | -500.0% | -164.8% | -209.3% | 217.3% | -137.7% | — |
| Current ratio | 0.88x | 0.90x | 0.97x | 0.98x | 0.99x | 0.92x | — |
| Debt to equity | 1.35x | 1.28x | 1.08x | 1.23x | 1.24x | 1.25x | — |
| Equity ratio | 27.7% | 27.9% | 29.3% | 28.6% | 28.3% | 27.3% | — |
| Interest coverage | -5.70x | -8.50x | 3.34x | -4.96x | 2.34x | 1.31x | — |
| R&D as a share of sales | — | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% |
| 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 | -3.4% | -2.7% | -1.3% |
| Operating income | 20.9% | — | — |
| Net income | 6.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.3% | 13.9% | 14.5% | 16.0% |
| Operating margin | -1.5% | -0.8% | -0.4% | 0.2% |
| Net margin | -1.3% | -0.7% | -0.3% | 0.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -24.1 | -11.6 | 50.9 | -34.2 | 35.4 | 111.4 | -43.0 | 71.2 | 20.7 | 20.4 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 20.00 | 40.00 | 20.00 | 15.00 | 15.00 | 25.00 | 15.00 | 15.00 |
- 5-to-1 reverse split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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