C 
50
+2.04%
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
¥5.20bn
FY2016FY2025
Net income
¥166.8m
FY2016FY2025
Free cash flow
¥51.7m
FY2016FY2025
Shareholders' equity
¥3.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.20bn | ¥5.61bn | ¥5.68bn | ¥6.44bn | ¥5.95bn | ¥6.00bn | ¥7.60bn | ¥7.64bn | ¥5.30bn | ¥5.34bn |
| Operating income | ¥66.9m | −¥159.7m | −¥2.38bn | −¥6.28bn | −¥932.2m | −¥679.9m | −¥615.9m | ¥604.0m | ¥312.8m | ¥322.8m |
| Net income | ¥166.8m | −¥359.9m | −¥3.89bn | −¥6.24bn | −¥799.9m | −¥557.8m | −¥1.75bn | ¥550.9m | ¥661.5m | ¥392.1m |
| Diluted earnings per share | 1.22 | -2.64 | -29.72 | -54.70 | -12.60 | -8.79 | -48.60 | 15.28 | 18.84 | 16.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.30bn | ¥2.43bn | ¥2.57bn | ¥59.03bn | ¥107.22bn | ¥11.30bn | ¥10.50bn | ¥11.04bn | ¥5.44bn | ¥1.98bn |
| Cash and short-term investments | ¥639.6m | ¥699.0m | ¥1.16bn | ¥4.26bn | ¥4.75bn | ¥4.96bn | ¥2.70bn | ¥2.76bn | ¥2.07bn | ¥761.5m |
| Total liabilities | ¥685.9m | ¥765.8m | ¥773.2m | ¥53.88bn | ¥95.82bn | ¥2.06bn | ¥4.45bn | ¥3.77bn | ¥1.22bn | ¥1.50bn |
| Debt | — | ¥171.7m | ¥71.7m | ¥819.7m | ¥1.01bn | ¥1.23bn | ¥3.21bn | ¥2.38bn | ¥506.0m | ¥1.04bn |
| Shareholders' equity | ¥3.61bn | ¥1.66bn | ¥1.79bn | ¥4.89bn | ¥11.07bn | ¥9.24bn | ¥5.44bn | ¥7.27bn | ¥3.91bn | ¥481.9m |
| Shares outstanding | 137m | 136m | 131m | 114m | 63m | 63m | 36m | 36m | 35m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥51.9m | ¥282.9m | −¥1.75bn | −¥1.14bn | −¥2.07bn | −¥591.2m | −¥232.6m | ¥373.2m | ¥233.8m | −¥270.1m |
| Capital spending | −¥210,000 | — | −¥17.0m | −¥292.2m | −¥163.6m | −¥104.8m | −¥659.2m | −¥130.9m | −¥55.9m | −¥4.6m |
| Free cash flow | ¥51.7m | ¥282.9m | −¥1.77bn | −¥1.44bn | −¥2.23bn | −¥696.0m | −¥891.8m | ¥242.4m | ¥177.9m | −¥274.7m |
| Dividends paid | — | — | — | — | — | −¥5.9m | −¥5.0m | −¥5.0m | −¥5.0m | −¥33,000 |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.70bn | ¥1.48bn | ¥1.51bn | ¥1.36bn | ¥1.30bn | ¥1.24bn | ¥1.30bn | ¥1.38bn |
| Operating income | ¥59.2m | ¥64.5m | −¥12.1m | ¥4.9m | ¥40.3m | ¥14.3m | ¥13.6m | ¥18.0m |
| Net income | −¥179.4m | ¥62.9m | −¥10.0m | −¥422.2m | ¥37.9m | ¥540.7m | ¥10.3m | ¥42.5m |
| Diluted earnings per share | -1.04 | 0.37 | -0.06 | -3.08 | 0.28 | 3.95 | 0.08 | 0.31 |
| Cash from operations | — | — | — | ¥51.0m | — | — | — | — |
| Total assets | ¥6.22bn | ¥6.84bn | ¥4.16bn | ¥4.30bn | ¥3.19bn | ¥3.05bn | ¥3.03bn | ¥2.43bn |
| Cash and short-term investments | ¥1.22bn | ¥934.1m | ¥888.9m | ¥639.6m | ¥678.8m | ¥641.9m | ¥742.1m | ¥699.0m |
| Debt | — | — | — | — | — | — | ¥170.0m | ¥171.7m |
| Shareholders' equity | ¥5.49bn | ¥6.07bn | ¥3.54bn | ¥3.61bn | ¥2.67bn | ¥2.52bn | ¥2.28bn | ¥1.66bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 1.3% | -2.8% | -41.9% | -97.5% | -15.7% | -11.3% | — | — | — | — | — | — | — |
| Net margin | 3.2% | -6.4% | -68.5% | -96.9% | -13.5% | -9.3% | — | — | — | — | — | — | — |
| Return on equity | 4.6% | -21.7% | -217.4% | -127.7% | -7.2% | -6.0% | — | — | — | — | — | — | — |
| Return on assets | 3.9% | -14.8% | -151.4% | -10.6% | -0.7% | -4.9% | — | — | — | — | — | — | — |
| Free cash flow yield | 0.5% | — | -18.9% | -10.7% | -42.9% | -10.9% | 16.9% | — | — | — | — | — | — |
| Revenue growth | -7.3% | -1.3% | -11.8% | 8.3% | -0.9% | -21.0% | — | — | — | — | — | — | — |
| Earnings growth | -146.3% | -90.7% | -37.7% | 680.7% | 43.4% | -68.2% | — | — | — | — | — | — | — |
| Current ratio | 4.65x | 2.23x | 3.00x | 1.09x | 1.06x | 5.44x | — | — | — | — | — | — | — |
| Debt to equity | — | 0.10x | 0.04x | 0.17x | 0.09x | 0.13x | 0.59x | — | — | — | — | — | — |
| Equity ratio | 84.0% | 68.4% | 69.7% | 8.3% | 10.3% | 81.8% | — | — | — | — | — | — | — |
| Interest coverage | 59.94x | -39.28x | -1453.09x | -872.50x | -74.24x | -19.39x | — | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.6% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% |
| Buybacks as a share of market value | -0.5% | -4.2% | -14.6% | -79.8% | 0.0% | -76.0% | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.9% | -2.8% | -7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.9% | -38.2% | -29.7% | -14.1% |
| Net margin | -1.8% | -45.1% | -33.5% | -28.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 78.9 | -20.1 | -1.4 | -1.6 | -11.4 | -18.2 | -5.3 | 19.6 | 37.7 | 46.9 |
| Price to sales | 2.5 | 1.3 | 1.0 | 1.5 | 1.5 | 1.7 | 1.2 | 1.4 | 4.7 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2013.
| FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 20.00 | 20.00 | 20.00 | 10.00 | 20.00 | 20.00 | 0.80 | 30.50 |
- 10-to-1 reverse split · 28 Apr 2021
- 100-for-1 split · 26 Sept 2013
- 5-for-1 split · 28 Mar 2005
- 3-for-1 split · 25 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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