Q 
84
+5.00%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥266.8m
FY2017FY2026
Net income
−¥2.55bn
FY2017FY2026
Free cash flow
−¥718.4m
FY2017FY2026
Shareholders' equity
−¥343.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥266.8m | ¥698.1m | ¥205.2m | ¥264.3m | ¥256.5m | ¥245.5m | ¥456.8m | ¥618.8m | ¥1.03bn | ¥4.96bn |
| Research and development | — | — | ¥300.0m | — | ¥5.4m | ¥1.4m | ¥10.3m | ¥104.8m | ¥53.3m | ¥396,000 |
| Operating income | −¥704.3m | −¥477.5m | −¥942.0m | −¥394.2m | −¥360.3m | −¥378.3m | −¥295.0m | −¥473.3m | −¥185.3m | −¥316.5m |
| Net income | −¥2.55bn | −¥317.2m | −¥902.4m | −¥954.4m | −¥280.9m | −¥392.1m | −¥321.9m | −¥1.11bn | −¥518.8m | −¥459.2m |
| Diluted earnings per share | -51.11 | -6.81 | -20.01 | -21.94 | -7.01 | -11.21 | -9.96 | -44.39 | -24.55 | -26.67 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.70bn | ¥324.5m | ¥1.15bn | ¥468.7m | ¥1.08bn | ¥1.01bn | ¥1.05bn | ¥576.1m | ¥775.5m | ¥3.47bn |
| Cash and short-term investments | ¥192.5m | ¥136.1m | ¥137.1m | ¥236.3m | ¥507.8m | ¥792.8m | ¥883.0m | ¥386.3m | ¥284.7m | ¥1.70bn |
| Total liabilities | ¥3.05bn | ¥87.0m | ¥1.13bn | ¥72.0m | ¥72.7m | ¥338.0m | ¥45.1m | ¥69.1m | ¥231.8m | ¥2.22bn |
| Debt | ¥2.84bn | — | −¥591.3m | — | — | ¥300.0m | — | — | ¥160.4m | ¥1.07bn |
| Shareholders' equity | −¥343.1m | ¥238.0m | ¥16.7m | ¥396.0m | ¥1.01bn | ¥673.1m | ¥1.00bn | ¥507.7m | ¥543.6m | ¥663.6m |
| Shares outstanding | 50m | 47m | 45m | 43m | 40m | 35m | 32m | 25m | 21m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥704.7m | −¥520.8m | −¥657.4m | −¥379.1m | −¥277.7m | −¥272.5m | −¥279.3m | −¥443.2m | −¥72.4m | −¥700.4m |
| Capital spending | −¥13.6m | −¥207,000 | −¥2.0m | — | −¥193.8m | — | −¥12.9m | −¥404.5m | −¥118.2m | −¥8.8m |
| Free cash flow | −¥718.4m | −¥521.0m | −¥659.4m | −¥379.1m | −¥471.5m | −¥272.5m | −¥292.2m | −¥847.7m | −¥190.6m | −¥709.2m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥52.9m | ¥56.6m | ¥62.1m | ¥67.2m | ¥60.6m | ¥76.9m | ¥71.5m | ¥63.4m |
| Operating income | ¥87.4m | −¥178.6m | −¥262.7m | −¥201.1m | −¥137.3m | −¥103.2m | −¥109.1m | −¥187.4m |
| Net income | −¥33.2m | −¥113.0m | −¥1.31bn | −¥939.2m | −¥140.0m | −¥160.3m | −¥117.7m | −¥113.1m |
| Diluted earnings per share | -0.67 | -2.27 | -26.23 | -20.15 | -3.00 | -3.44 | -2.52 | -2.51 |
| Total assets | ¥3.48bn | ¥2.65bn | ¥2.70bn | ¥4.86bn | ¥1.66bn | ¥332.0m | ¥324.5m | ¥329.0m |
| Cash and short-term investments | ¥1.80bn | ¥304.9m | ¥192.5m | ¥1.69bn | ¥1.55bn | ¥146.0m | ¥136.1m | ¥165.0m |
| Debt | ¥1.15bn | ¥905.7m | ¥2.84bn | ¥1.68bn | ¥1.48bn | — | — | — |
| Shareholders' equity | ¥3.0m | −¥424.3m | −¥343.1m | ¥966.1m | ¥67.5m | ¥238.0m | ¥238.0m | ¥230.0m |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -937.8% | -45.3% | -441.2% | -356.2% | -127.6% | -159.0% | — | — | — |
| Net margin | -954.6% | -45.4% | -439.7% | -361.1% | -109.5% | -159.7% | — | — | — |
| Return on equity | 742.2% | -133.3% | -5409.5% | -241.0% | -27.8% | -58.3% | — | — | — |
| Return on assets | -94.2% | -97.8% | -78.5% | -203.6% | -25.9% | -38.8% | — | — | — |
| Free cash flow yield | -13.4% | -10.6% | -13.8% | — | -2.0% | — | -7.9% | -1.5% | — |
| Revenue growth | -61.8% | 240.1% | -22.3% | 3.0% | 4.5% | -46.3% | — | — | — |
| Earnings growth | 702.6% | -64.8% | -5.4% | 239.8% | -28.4% | 21.8% | — | — | — |
| Current ratio | 2.73x | 3.29x | 0.99x | 6.14x | 11.86x | 25.32x | — | — | — |
| Debt to equity | -8.29x | 0.00x | -35.45x | 0.00x | 0.00x | 0.45x | — | — | — |
| Equity ratio | -12.7% | 73.3% | 1.5% | 84.5% | 93.3% | 66.6% | — | — | — |
| Interest coverage | -58.26x | -1657.18x | -475.58x | -86.76x | -2084.66x | -2242.72x | — | — | — |
| R&D as a share of sales | — | — | 146.2% | — | 2.1% | 0.6% | 2.2% | 16.9% | 5.2% |
| Buybacks as a share of market value | -5.4% | -3.4% | -3.7% | -8.5% | -14.6% | -8.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 1.7% | -29.9% |
| Operating income | 21.3% | 13.2% | 56.0% |
| Net income | 38.7% | 45.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -122.5% | -175.5% | -168.2% | -24.7% |
| Net margin | -296.8% | -329.1% | -278.5% | -42.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -50.1 | -24.0 | -25.3 | -41.3 | -23.1 | -20.0 | -1.9 | -10.2 | -8.7 |
| Price to sales | 16.4 | 22.8 | 105.5 | 91.2 | 45.2 | 36.9 | 14.1 | 3.4 | 5.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Feb 2003.
| FY2004 | FY2002 | |
|---|---|---|
| Paid in the year | 3.333 | 3.333 |
- 3-for-1 split · 28 Feb 2024
- 100-for-1 split · 26 Feb 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.