F 
261
+4.82%
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
¥2.11bn
FY2017FY2026
Net income
¥424.8m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
¥1.41bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.11bn | ¥1.27bn | ¥699.7m | ¥393.1m | ¥556.3m | ¥592.3m | ¥545.4m | ¥538.2m | ¥559.2m | ¥592.0m |
| Research and development | — | — | ¥131,000 | ¥335,000 | ¥239,000 | ¥512,000 | ¥12,000 | ¥1.0m | ¥23,000 | ¥2.2m |
| Operating income | ¥244.3m | ¥58.4m | ¥75.9m | ¥23.2m | ¥10.0m | ¥44.6m | ¥5.7m | ¥2.6m | −¥15.9m | −¥36.1m |
| Net income | ¥424.8m | ¥169.3m | ¥68.1m | ¥18.9m | −¥17.1m | ¥41.4m | ¥3.9m | −¥5.9m | −¥24.7m | −¥30.6m |
| Diluted earnings per share | 19.84 | 7.94 | 3.24 | 0.94 | -0.85 | 12.41 | 0.20 | -0.34 | -1.46 | -1.81 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.29bn | ¥2.15bn | ¥1.01bn | ¥939.4m | ¥950.1m | ¥904.3m | ¥884.2m | ¥665.2m | ¥629.4m | ¥656.8m |
| Cash and short-term investments | ¥830.1m | ¥711.1m | ¥677.9m | ¥533.2m | ¥614.3m | ¥531.2m | ¥493.9m | ¥454.3m | ¥422.9m | ¥490.7m |
| Total liabilities | ¥1.87bn | ¥1.19bn | ¥386.8m | ¥389.4m | ¥396.9m | ¥333.9m | ¥355.0m | ¥348.7m | ¥306.8m | ¥309.4m |
| Debt | ¥1.34bn | ¥976.1m | ¥249.3m | ¥327.4m | ¥315.2m | ¥241.0m | ¥276.3m | ¥261.6m | ¥235.4m | ¥209.7m |
| Shareholders' equity | ¥1.41bn | ¥957.3m | ¥621.7m | ¥550.0m | ¥553.2m | ¥570.4m | ¥529.2m | ¥316.6m | ¥322.5m | ¥347.4m |
| Shares outstanding | 21m | 21m | 21m | 20m | 20m | 3m | 20m | 18m | 17m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥251.2m | ¥190.5m | ¥176.0m | ¥108.3m | ¥31.5m | ¥90.4m | −¥431,000 | ¥25.2m | −¥11.2m | −¥9.5m |
| Capital spending | −¥251.2m | −¥5.3m | −¥2.2m | −¥2.9m | −¥6.8m | −¥3.5m | −¥11.4m | −¥8.0m | −¥1.6m | −¥6.4m |
| Free cash flow | — | ¥185.3m | ¥173.8m | ¥105.5m | ¥24.7m | ¥86.9m | −¥11.8m | ¥17.3m | −¥12.7m | −¥15.9m |
| Dividends paid | −¥20.8m | — | — | — | — | — | −¥115.0m | −¥207.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥839.1m | ¥709.4m | ¥541.8m | ¥430.2m | ¥429.9m | ¥411.1m | ¥402.6m | ¥219.3m |
| Operating income | ¥74.6m | ¥47.9m | ¥73.3m | ¥60.8m | ¥62.3m | ¥59.6m | ¥31.4m | ¥17.5m |
| Net income | ¥66.2m | ¥170.5m | ¥124.4m | ¥70.8m | ¥59.2m | ¥92.8m | ¥28.8m | ¥7.0m |
| Diluted earnings per share | 3.09 | 7.96 | 5.83 | 3.32 | 2.77 | 4.35 | 1.37 | 0.33 |
| Total assets | ¥3.48bn | ¥3.29bn | ¥2.64bn | ¥2.15bn | ¥2.16bn | ¥2.15bn | ¥2.18bn | ¥2.20bn |
| Cash and short-term investments | ¥785.5m | ¥830.1m | ¥643.2m | ¥544.5m | ¥682.5m | ¥711.1m | ¥718.2m | ¥685.5m |
| Debt | ¥440.7m | ¥1.34bn | ¥295.9m | ¥869.8m | ¥212.7m | ¥976.1m | ¥224.7m | ¥1.10bn |
| Shareholders' equity | ¥1.48bn | ¥1.41bn | ¥1.21bn | ¥1.08bn | ¥1.00bn | ¥957.3m | ¥859.1m | ¥825.1m |
Financial ratios
Data as of 7 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 11.6% | 4.6% | 6.4% | 5.9% | -2.3% | 7.7% | — | — |
| Net margin | 20.1% | 13.3% | 9.7% | 4.8% | -3.1% | 7.0% | — | — |
| Return on equity | 30.0% | 17.7% | 11.0% | 3.4% | -3.1% | 7.3% | — | — |
| Return on assets | 12.9% | 7.9% | 6.8% | 2.0% | -1.8% | 4.6% | — | — |
| Free cash flow yield | 6.7% | 2.6% | 2.4% | 1.6% | 0.5% | 8.0% | — | — |
| Revenue growth | 66.4% | 81.3% | 78.0% | -29.3% | -6.1% | 8.6% | — | — |
| Earnings growth | 150.8% | 148.5% | 260.4% | -210.5% | -141.3% | 949.8% | — | — |
| Current ratio | 1.52x | 2.34x | 4.50x | 2.69x | 3.41x | 3.66x | — | — |
| Debt to equity | 0.95x | 1.02x | 0.40x | 0.61x | 0.57x | 0.42x | — | — |
| Equity ratio | 43.0% | 44.5% | 61.6% | 58.6% | 58.2% | 63.1% | — | — |
| Interest coverage | 15.22x | 5.25x | 11.92x | 5.85x | -3.62x | 10.51x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.1% | 0.0% | 0.1% | 0.0% | 0.2% |
| Buybacks as a share of market value | -0.4% | -1.5% | -5.0% | 0.0% | -499.7% | 83.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 75.1% | 28.9% | 15.6% |
| Operating income | 119.3% | 40.5% | — |
| Net income | 182.2% | 59.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.0% | 9.0% | 8.1% | 4.8% |
| Net margin | 17.6% | 15.2% | 12.6% | 7.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.7 | 41.9 | 46.0 | 167.6 | -58.5 | 4.2 | 389.0 | -202.5 | -43.2 | -46.6 |
| Price to sales | 2.8 | 5.6 | 4.5 | 8.1 | 1.8 | 0.3 | 2.8 | 2.2 | 1.9 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 28 Mar 2025.
| FY2026 | |
|---|---|
| Paid in the year | 1.00 |
- 3-for-1 split · 28 Jan 2026
- 2-for-1 split · 30 Jan 2025
- 100-for-1 split · 5 Jan 2009
- 1-to-1 reverse split · 20 Dec 2005
- 1-to-1 reverse split · 7 Dec 2005
- 1-to-1 reverse split · 15 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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