H 
107
-9.32%
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
¥26.6m
FY2016FY2025
Net income
−¥1.37bn
FY2016FY2025
Free cash flow
−¥1.26bn
FY2016FY2025
Shareholders' equity
¥428.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥26.6m | ¥1.61bn | ¥962.8m | ¥1.62bn | ¥1.62bn | ¥1.86bn | ¥754.0m | ¥1.10bn | ¥755.6m | ¥395.3m |
| Operating income | −¥488.9m | −¥1.13bn | −¥1.27bn | ¥199.6m | −¥134.7m | ¥34.9m | −¥4.7m | ¥121.1m | ¥47.2m | −¥12.5m |
| Net income | −¥1.37bn | −¥1.96bn | −¥2.74bn | ¥619.0m | −¥362.7m | ¥154.9m | −¥19.0m | −¥69.1m | ¥42.6m | −¥16.7m |
| Diluted earnings per share | -77.07 | -114.63 | -186.36 | 48.54 | -49.72 | 29.70 | -3.63 | -13.24 | 10.36 | -4.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥533.6m | ¥86.54bn | ¥61.66bn | ¥6.44bn | ¥3.79bn | ¥2.38bn | ¥1.86bn | ¥1.73bn | ¥1.69bn | ¥911.7m |
| Cash and short-term investments | ¥222.8m | ¥1.54bn | ¥7.75bn | ¥1.17bn | ¥1.69bn | ¥552.2m | ¥1.07bn | ¥1.13bn | ¥954.5m | ¥401.1m |
| Total liabilities | ¥105.0m | ¥85.11bn | ¥57.63bn | ¥596.0m | ¥728.1m | ¥833.3m | ¥508.3m | ¥351.1m | ¥235.5m | ¥197.9m |
| Debt | — | ¥1.37bn | ¥1.04bn | ¥308.8m | ¥369.4m | ¥417.2m | ¥199.9m | — | — | — |
| Shareholders' equity | ¥428.6m | ¥1.43bn | ¥4.03bn | ¥5.85bn | ¥3.07bn | ¥1.55bn | ¥1.35bn | ¥1.38bn | ¥1.46bn | ¥713.8m |
| Shares outstanding | 18m | 17m | 15m | 13m | 7m | 5m | 5m | 5m | 4m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥1.26bn | −¥628.2m | −¥200.8m | −¥944.5m | −¥49.1m | ¥109.4m | −¥50.4m | ¥350.8m | ¥84.0m | −¥95.0m |
| Capital spending | −¥1.1m | −¥72.0m | −¥66.9m | −¥4.4m | −¥29.7m | −¥57.9m | −¥35.0m | −¥15.3m | −¥39.9m | −¥41.2m |
| Free cash flow | −¥1.26bn | −¥700.2m | −¥267.7m | −¥948.9m | −¥78.7m | ¥51.4m | −¥85.4m | ¥335.4m | ¥44.1m | −¥136.2m |
| Dividends paid | — | — | — | −¥30,000 | −¥27.5m | −¥13.9m | −¥13.9m | −¥9.9m | −¥6.7m | −¥6.6m |
Latest quarters
By quarter end
| Oct 2025 | Jul 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Apr 2024 | Jan 2024 | Oct 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.8m | ¥5.5m | ¥14.5m | ¥445.4m | ¥456.8m | ¥670.0m | ¥41.2m | ¥394.1m |
| Operating income | −¥115.8m | −¥65.5m | −¥156.6m | ¥606.5m | −¥100.9m | −¥1.04bn | −¥595.2m | −¥912.0m |
| Net income | −¥311.1m | −¥47.3m | −¥1.37bn | −¥47.7m | −¥152.5m | −¥1.11bn | −¥650.7m | −¥1.66bn |
| Diluted earnings per share | -17.55 | -2.67 | -77.31 | -2.69 | -8.60 | -63.69 | -41.88 | -112.71 |
| Total assets | ¥533.6m | ¥488.3m | ¥769.2m | ¥86.54bn | ¥105.03bn | ¥116.47bn | ¥76.88bn | ¥61.66bn |
| Cash and short-term investments | ¥222.8m | ¥244.5m | ¥443.2m | ¥1.54bn | ¥1.86bn | ¥2.11bn | ¥1.75bn | ¥7.75bn |
| Debt | — | — | ¥529.2m | ¥1.33bn | ¥1.33bn | ¥1.34bn | ¥1.35bn | ¥884.9m |
| Shareholders' equity | ¥428.6m | ¥430.6m | ¥107.2m | ¥1.43bn | ¥2.78bn | ¥2.99bn | ¥3.83bn | ¥4.03bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -1844.3% | -70.3% | -131.4% | 12.3% | -8.3% | 1.9% |
| Net margin | -5147.0% | -121.5% | -284.9% | 38.3% | -22.4% | 8.3% |
| Return on equity | -318.8% | -136.9% | -68.1% | 10.6% | -11.8% | 10.0% |
| Return on assets | -256.1% | -2.3% | -2.4% | 9.6% | -9.6% | 6.5% |
| Free cash flow yield | -43.4% | -40.9% | -49.6% | -23.6% | -4.2% | 15.9% |
| Revenue growth | -98.4% | 67.6% | -40.5% | -0.3% | -12.8% | 105.5% |
| Earnings growth | -30.3% | -28.5% | -543.1% | -270.7% | -334.1% | -781.0% |
| Current ratio | 2.33x | 1.02x | 1.06x | 9.89x | 6.92x | 2.23x |
| Debt to equity | 0.00x | 0.96x | 0.26x | 0.05x | 0.12x | 0.27x |
| Equity ratio | 80.3% | 1.7% | 3.5% | 90.8% | 80.8% | 65.0% |
| Interest coverage | -167.24x | -44.95x | -472.57x | 79.32x | -53.07x | 16.87x |
| Buybacks as a share of market value | 0.0% | -4.9% | -14.0% | -5.6% | -70.7% | -30.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -74.6% | -57.3% | -25.5% |
| Operating income | — | — | 33.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -98.9% | -63.7% | -36.2% | -23.8% |
| Net margin | -202.8% | -129.2% | -73.5% | -50.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -2.1 | -0.7 | 5.1 | -4.5 | 12.2 | -104.2 | -35.0 | 43.0 | -65.3 |
| Price to sales | 145.5 | 2.6 | 2.1 | 1.9 | 1.0 | 1.0 | 2.6 | 2.2 | 2.4 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Oct 2020.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.00 | 2.667 | 2.667 | 2.50 | 2.50 | 5.00 | 3.50 | 5.00 |
- 2-for-1 split · 26 Sept 2018
- 100-for-1 split · 26 Sept 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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