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Dawn 2303.T · JPY

Information Technology · Tokyo Stock Exchange · 🇯🇵 Japan

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1,337

+4.45%

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.

FY2026

Revenue

¥1.73bn

FY2017FY2026

Net income

¥471.6m

FY2017FY2026

Free cash flow

¥650.3m

FY2017FY2026

Shareholders' equity

¥2.99bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥1.73bn¥1.65bn¥1.50bn¥1.37bn¥1.22bn¥1.12bn¥1.05bn¥893.4m¥836.5m¥788.1m
Gross profit¥1.20bn¥1.08bn¥1.02bn¥888.6m¥818.8m¥735.1m¥657.8m¥528.1m¥450.7m¥405.3m
Research and development—¥5.3m¥5.9m¥2.6m¥3.7m¥3.1m¥3.5m¥2.5m—¥8.1m
Operating income¥655.1m¥574.1m¥533.1m¥443.3m¥400.6m¥339.8m¥290.1m¥200.3m¥162.8m¥125.8m
Net income¥471.6m¥418.8m¥388.1m¥321.1m¥283.5m¥237.7m¥200.8m¥156.2m¥114.1m¥89.8m
Diluted earnings per share79.3268.8663.0451.5244.2137.1231.4224.5117.9214.11

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥3.34bn¥3.07bn¥2.82bn¥2.50bn¥2.37bn¥2.10bn¥1.88bn¥1.65bn¥1.51bn¥1.39bn
Cash and short-term investments¥1.85bn¥1.73bn¥1.92bn¥1.79bn¥2.07bn¥1.78bn¥1.55bn¥1.16bn¥1.09bn¥860.4m
Total liabilities¥355.4m¥324.0m¥334.9m¥270.2m¥229.3m¥220.6m¥223.8m¥170.5m¥177.0m¥158.5m
Debt——¥101.8m−¥39.5m−¥20.7m−¥22.7m−¥23.6m———
Shareholders' equity¥2.99bn¥2.75bn¥2.48bn¥2.23bn¥2.14bn¥1.88bn¥1.66bn¥1.48bn¥1.33bn¥1.24bn
Shares outstanding6m6m6m6m6m6m6m6m6m6m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥653.5m¥302.6m¥414.7m¥365.7m¥257.1m¥228.5m¥293.2m¥114.0m¥181.7m¥41.5m
Capital spending−¥3.2m−¥1.4m−¥17.6m−¥2.8m−¥2.7m−¥777,000−¥2.5m−¥6.4m−¥1.6m−¥2.4m
Free cash flow¥650.3m¥301.2m¥397.1m¥362.8m¥254.4m¥227.8m¥290.7m¥107.6m¥180.1m¥39.0m
Dividends paid−¥72.8m−¥61.2m−¥49.6m−¥44.6m−¥38.2m−¥31.8m−¥23.9m−¥18.9m−¥15.8m−¥11.7m

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥325.8m¥644.5m¥443.7m¥343.0m¥303.5m¥593.3m¥417.8m¥279.3m
Gross profit¥238.5m¥403.8m¥335.7m¥250.6m¥210.4m¥360.7m¥284.6m¥192.4m
Operating income¥101.6m¥242.9m¥206.1m¥126.2m¥80.0m¥219.4m¥163.1m¥71.6m
Net income¥72.7m¥171.4m¥151.4m¥89.6m¥59.2m¥163.3m¥117.4m¥52.0m
Diluted earnings per share12.2228.8325.4614.739.7326.8419.318.44
Cash from operations—¥653.0m———¥155.0m—−¥4.0m
Capital spending—−¥3.0m——————
Free cash flow—¥650.0m——————
Total assets¥3.28bn¥3.34bn¥3.10bn¥3.09bn¥2.97bn¥3.07bn¥2.82bn¥2.90bn
Cash and short-term investments¥1.73bn¥1.85bn¥1.28bn¥1.56bn¥1.67bn¥1.73bn¥1.35bn¥1.61bn
Shareholders' equity¥2.99bn¥2.99bn¥2.89bn¥2.85bn¥2.74bn¥2.75bn¥2.63bn¥2.58bn

Financial ratios

Data as of 7 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin69.2%65.3%67.8%64.9%67.0%65.7%——
Operating margin37.8%35.5%36.5%33.0%33.1%30.4%——
Net margin27.2%25.4%25.9%23.5%23.2%21.2%——
Return on equity15.8%15.2%15.6%14.4%13.3%12.6%——
Return on assets14.1%13.6%13.8%12.9%12.0%11.3%——
Free cash flow yield8.2%3.7%5.3%4.4%3.0%2.7%——
Revenue growth5.3%9.7%9.7%12.0%9.2%6.5%——
Earnings growth12.6%7.9%20.9%13.2%19.3%18.4%——
Current ratio6.93x7.52x7.61x10.00x11.79x10.82x——
Debt to equity——0.04x-0.02x-0.01x-0.01x-0.01x0.00x
Equity ratio89.4%89.5%88.1%89.2%90.3%89.5%——
R&D as a share of sales—0.3%0.4%0.2%0.3%0.3%0.3%—
Buybacks as a share of market value1.4%1.2%1.2%2.8%-0.1%-0.2%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.2%9.2%8.7%
Operating income13.9%14.0%19.7%
Net income13.7%14.7%16.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin67.3%66.9%66.8%63.1%
Operating margin36.4%35.3%34.3%29.7%
Net margin26.3%25.6%24.7%21.5%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings16.418.018.618.220.528.754.733.025.542.6
Price to sales4.54.64.84.34.86.110.45.83.54.8

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 28 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year14.0022.008.007.006.005.003.753.00
  • 2-for-1 split · 27 May 2016
  • 100-for-1 split · 29 May 2012
  • 2-for-1 split · 27 May 2011

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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