D 
157
-0.63%
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
¥39.06bn
FY2017FY2026
Net income
−¥8.25bn
FY2017FY2026
Free cash flow
−¥17.84bn
FY2017FY2026
Shareholders' equity
¥20.43bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥39.06bn | ¥39.72bn | ¥50.41bn | ¥51.42bn | ¥47.31bn | ¥28.95bn | ¥10.32bn | ¥6.67bn | ¥5.43bn | ¥4.94bn |
| Operating income | −¥8.29bn | −¥4.92bn | −¥5.99bn | −¥12.26bn | −¥36.44bn | −¥19.16bn | −¥2.69bn | −¥41.6m | ¥829.9m | ¥800.7m |
| Net income | −¥8.25bn | −¥4.97bn | −¥3.71bn | −¥12.15bn | −¥36.22bn | −¥21.87bn | −¥4.18bn | −¥103.2m | ¥558.6m | ¥432.7m |
| Diluted earnings per share | -74.06 | -44.56 | -30.88 | -91.95 | -275.09 | -189.37 | -50.80 | -2.52 | 13.51 | 10.48 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥31.22bn | ¥38.85bn | ¥47.94bn | ¥54.74bn | ¥69.19bn | ¥20.38bn | ¥35.38bn | ¥7.08bn | ¥6.52bn | ¥4.44bn |
| Cash and short-term investments | ¥19.63bn | ¥28.54bn | ¥34.51bn | ¥40.91bn | ¥53.26bn | ¥10.20bn | ¥28.97bn | ¥2.19bn | ¥2.93bn | ¥2.26bn |
| Total liabilities | ¥10.79bn | ¥10.22bn | ¥11.39bn | ¥12.41bn | ¥14.97bn | ¥13.50bn | ¥6.96bn | ¥4.24bn | ¥3.25bn | ¥1.73bn |
| Debt | — | ¥29.0m | — | ¥98.0m | ¥514,000 | ¥14.8m | ¥12.8m | ¥813.0m | ¥810.8m | ¥88.8m |
| Shareholders' equity | ¥20.43bn | ¥28.63bn | ¥36.55bn | ¥42.34bn | ¥54.23bn | ¥6.88bn | ¥28.42bn | ¥2.84bn | ¥3.26bn | ¥2.71bn |
| Shares outstanding | 111m | 112m | 120m | 132m | 132m | 115m | 82m | 41m | 41m | 41m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥8.92bn | −¥4.97bn | −¥4.58bn | −¥12.29bn | −¥39.99bn | −¥16.42bn | −¥1.50bn | ¥98.1m | ¥433.1m | ¥1.04bn |
| Capital spending | −¥8.92bn | — | — | — | −¥171.0m | −¥2.38bn | −¥537.1m | −¥79.7m | −¥76.3m | −¥20.0m |
| Free cash flow | −¥17.84bn | −¥4.97bn | −¥4.58bn | −¥12.29bn | −¥40.16bn | −¥18.80bn | −¥2.04bn | ¥18.4m | ¥356.9m | ¥1.02bn |
| Dividends paid | — | — | — | — | −¥28,000 | −¥221,000 | −¥147.4m | −¥145.9m | −¥133.8m | −¥101.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.77bn | ¥10.31bn | ¥8.99bn | ¥8.99bn | ¥9.55bn | ¥9.30bn | ¥9.82bn | ¥11.05bn |
| Operating income | −¥1.92bn | −¥3.17bn | −¥1.52bn | −¥1.68bn | −¥1.85bn | −¥1.79bn | −¥885.0m | −¥401.0m |
| Net income | −¥1.91bn | −¥3.16bn | −¥1.51bn | −¥1.67bn | −¥1.86bn | −¥1.77bn | −¥879.0m | −¥465.0m |
| Diluted earnings per share | -17.13 | -28.38 | -13.55 | -14.97 | -16.66 | -15.86 | -7.88 | -3.88 |
| Cash from operations | — | — | — | — | ¥4.0m | — | — | — |
| Total assets | ¥31.22bn | ¥32.85bn | ¥34.01bn | ¥36.49bn | ¥38.85bn | ¥40.33bn | ¥41.11bn | ¥43.49bn |
| Cash and short-term investments | ¥19.63bn | ¥21.47bn | ¥24.93bn | ¥26.54bn | ¥28.54bn | ¥30.07bn | ¥31.24bn | ¥32.42bn |
| Debt | — | — | — | — | ¥6.0m | — | — | — |
| Shareholders' equity | ¥20.43bn | ¥22.31bn | ¥25.45bn | ¥26.95bn | ¥28.63bn | ¥30.48bn | ¥32.25bn | ¥33.92bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -12.4% | -11.9% | -23.8% | -77.0% | -66.2% | -26.1% | — | — | — |
| Net margin | -12.5% | -7.3% | -23.6% | -76.5% | -75.5% | -40.5% | — | — | — |
| Return on equity | -17.4% | -10.1% | -28.7% | -66.8% | -318.1% | -14.7% | — | — | — |
| Return on assets | -12.8% | -7.7% | -22.2% | -52.3% | -107.3% | -11.8% | — | — | — |
| Free cash flow yield | — | — | — | -201.6% | -81.1% | -7.8% | 2.9% | 8.2% | 17.2% |
| Revenue growth | -21.2% | -2.0% | 8.7% | 63.4% | 180.7% | 54.7% | — | — | — |
| Earnings growth | 34.2% | -69.5% | -66.4% | 65.6% | 423.6% | 3945.7% | — | — | — |
| Current ratio | 3.83x | 4.23x | 4.41x | 4.62x | 1.53x | 5.06x | — | — | — |
| Debt to equity | 0.00x | — | — | 0.00x | 0.00x | 0.00x | 0.28x | 0.25x | — |
| Equity ratio | 73.7% | 76.2% | 77.3% | 78.4% | 33.7% | 80.3% | — | — | — |
| Interest coverage | — | — | — | -49648.60x | -42383.30x | -1492.12x | -19.34x | 1273.72x | 42.49x |
| Buybacks as a share of market value | 7.0% | 9.2% | -0.4% | -14.0% | -40.5% | -100.6% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | 6.2% | 25.1% |
| Operating income | -12.2% | -15.4% | — |
| Net income | -12.1% | -17.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -16.8% | -17.4% | -33.9% | -30.4% |
| Net margin | -16.8% | -16.1% | -33.9% | -31.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.0 | -2.9 | -8.1 | -5.5 | -1.6 | -4.9 | -61.8 | -447.5 | 94.3 | 196.8 |
| Price to sales | 0.4 | 0.4 | 0.6 | 1.3 | 1.2 | 3.7 | 25.0 | 6.9 | 9.7 | 17.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Aug 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.60 | 3.60 | 3.30 | 2.50 | 1.75 | 1.25 | 0.75 | 0.875 |
- 4-for-1 split · 24 Feb 2017
- 2-for-1 split · 16 Apr 2014
- 100-for-1 split · 26 Feb 2013
- 3-for-1 split · 28 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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