S 
203
+3.57%
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
¥3.87bn
FY2017FY2026
Net income
¥212.3m
FY2017FY2026
Free cash flow
¥377.2m
FY2017FY2026
Shareholders' equity
¥6.11bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.87bn | ¥4.85bn | ¥5.16bn | ¥8.08bn | ¥9.35bn | ¥8.94bn | ¥9.31bn | ¥7.57bn | ¥5.46bn | ¥4.15bn |
| Gross profit | ¥1.87bn | ¥2.41bn | ¥2.48bn | ¥3.72bn | ¥4.26bn | ¥4.11bn | ¥4.25bn | ¥3.98bn | ¥3.12bn | ¥2.46bn |
| Research and development | — | ¥57.9m | ¥51.5m | ¥56.3m | ¥37.0m | ¥80.2m | ¥61.5m | ¥81.6m | ¥117.6m | ¥42.5m |
| Operating income | ¥274.1m | −¥137.5m | −¥610.0m | ¥725.7m | ¥1.21bn | ¥916.8m | ¥1.05bn | ¥866.8m | ¥325.6m | ¥264.4m |
| Net income | ¥212.3m | −¥210.7m | −¥662.2m | ¥451.8m | ¥809.7m | ¥562.1m | ¥731.7m | ¥553.5m | ¥198.0m | ¥186.6m |
| Diluted earnings per share | 8.12 | -8.05 | -25.32 | 17.27 | 30.95 | 21.49 | 27.97 | 21.16 | 7.57 | 7.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.85bn | ¥6.81bn | ¥6.96bn | ¥8.24bn | ¥8.49bn | ¥7.15bn | ¥7.41bn | ¥6.28bn | ¥5.65bn | ¥5.54bn |
| Cash and short-term investments | ¥5.65bn | ¥5.26bn | ¥4.79bn | ¥5.95bn | ¥6.22bn | ¥4.26bn | ¥4.51bn | ¥3.30bn | ¥2.97bn | ¥3.34bn |
| Total liabilities | ¥742.5m | ¥775.2m | ¥708.6m | ¥1.07bn | ¥1.64bn | ¥915.0m | ¥1.63bn | ¥1.13bn | ¥1.01bn | ¥887.8m |
| Debt | — | — | ¥2.8m | ¥307.4m | ¥534.0m | — | — | — | — | ¥51.3m |
| Shareholders' equity | ¥6.11bn | ¥6.02bn | ¥6.23bn | ¥6.97bn | ¥6.65bn | ¥6.04bn | ¥5.61bn | ¥4.99bn | ¥4.50bn | ¥4.37bn |
| Shares outstanding | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 26m | 26m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥415.1m | ¥558.0m | −¥880.8m | −¥101.6m | ¥2.14bn | −¥107.4m | ¥829.6m | ¥469.4m | −¥74.0m | ¥133.5m |
| Capital spending | −¥37.9m | −¥36.8m | −¥14.6m | −¥39.5m | −¥44.6m | −¥24.2m | −¥9.5m | −¥45.0m | −¥36.4m | −¥31.6m |
| Free cash flow | ¥377.2m | ¥521.2m | −¥895.4m | −¥141.1m | ¥2.09bn | −¥131.6m | ¥820.0m | ¥424.4m | −¥110.4m | ¥101.9m |
| Dividends paid | −¥130.0m | −¥214,000 | −¥131.5m | −¥130.2m | −¥129.9m | −¥131.2m | −¥102.6m | −¥51.9m | −¥25.4m | −¥25.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥634.7m | ¥822.5m | ¥999.0m | ¥1.42bn | ¥1.17bn | ¥997.4m | ¥1.29bn | ¥1.39bn |
| Gross profit | ¥345.1m | ¥378.0m | ¥491.0m | ¥652.4m | ¥537.1m | ¥542.1m | ¥663.0m | ¥668.0m |
| Operating income | −¥50.0m | ¥94.9m | ¥103.1m | ¥127.8m | −¥14.1m | ¥79.7m | ¥67.0m | −¥270.0m |
| Net income | −¥32.2m | ¥82.6m | ¥78.0m | ¥84.0m | −¥60.5m | ¥72.1m | ¥68.0m | −¥290.0m |
| Diluted earnings per share | -1.23 | 3.16 | 2.98 | 3.21 | -2.31 | 2.76 | 2.60 | -11.09 |
| Cash from operations | — | — | ¥133.0m | — | ¥460.0m | — | — | — |
| Capital spending | — | — | −¥35.0m | — | −¥12.0m | — | — | — |
| Free cash flow | — | — | ¥98.0m | — | ¥448.0m | — | — | — |
| Total assets | ¥6.85bn | ¥6.85bn | ¥6.67bn | ¥6.79bn | ¥6.81bn | ¥6.78bn | ¥6.58bn | ¥6.58bn |
| Cash and short-term investments | ¥5.65bn | ¥5.64bn | ¥5.32bn | ¥5.11bn | ¥5.26bn | ¥5.03bn | ¥4.86bn | ¥4.58bn |
| Shareholders' equity | ¥6.11bn | ¥6.14bn | ¥6.06bn | ¥5.98bn | ¥6.02bn | ¥6.08bn | ¥6.01bn | ¥5.94bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 48.2% | 49.7% | 48.1% | 46.0% | 45.6% | 46.0% | — | — | — | — |
| Operating margin | 7.1% | -4.5% | -11.8% | 9.0% | 12.9% | 10.3% | — | — | — | — |
| Net margin | 5.5% | -4.3% | -12.8% | 5.6% | 8.7% | 6.3% | — | — | — | — |
| Return on equity | 3.5% | -3.5% | -10.6% | 6.5% | 12.2% | 9.3% | — | — | — | — |
| Return on assets | 3.1% | -3.1% | -9.5% | 5.5% | 9.5% | 7.9% | — | — | — | — |
| Free cash flow yield | 7.9% | 10.3% | -15.1% | -1.1% | 37.9% | -1.4% | — | — | — | — |
| Revenue growth | -20.2% | -6.0% | -36.2% | -13.6% | 4.5% | -4.0% | — | — | — | — |
| Earnings growth | -200.8% | -68.2% | -246.6% | -44.2% | 44.1% | -23.2% | — | — | — | — |
| Current ratio | 8.98x | 8.72x | 9.94x | 7.60x | 5.05x | 7.68x | — | — | — | — |
| Debt to equity | — | — | 0.00x | 0.04x | 0.08x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 89.2% | 88.4% | 89.6% | 84.6% | 78.3% | 84.5% | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | — | — | 4103.22x | 1544.90x |
| R&D as a share of sales | — | 1.2% | 1.0% | 0.7% | 0.4% | 0.9% | 0.7% | — | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.7% | -15.4% | 1.9% |
| Operating income | -27.7% | -21.5% | 4.1% |
| Net income | -22.3% | -17.7% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.0% | 47.7% | 46.8% | 49.4% |
| Operating margin | 1.6% | 1.1% | 5.9% | 7.2% |
| Net margin | 0.0% | -1.0% | 2.9% | 4.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.3 | -29.2 | -4.7 | 9.7 | 8.9 | 14.8 | 22.6 | 29.3 | 58.8 | 78.2 |
| Price to sales | 1.4 | 1.3 | 0.6 | 0.5 | 0.8 | 0.9 | 1.8 | 2.1 | 2.1 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 10.00 | 5.00 | 5.00 | 5.00 | 4.00 | 2.00 | 1.00 |
- 100-for-1 split · 26 Jun 2013
- 2-for-1 split · 25 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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