E 
934
-0.21%
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
¥6.47bn
FY2016FY2025
Net income
¥146.8m
FY2016FY2025
Free cash flow
−¥258.2m
FY2016FY2025
Shareholders' equity
¥3.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.47bn | ¥5.41bn | ¥4.56bn | ¥4.85bn | ¥5.19bn | ¥5.65bn | ¥5.56bn | ¥4.88bn | ¥4.60bn | ¥4.46bn |
| Gross profit | ¥2.15bn | ¥1.90bn | ¥1.71bn | ¥1.82bn | ¥1.96bn | ¥2.27bn | ¥2.23bn | ¥1.94bn | ¥2.05bn | ¥2.21bn |
| Research and development | ¥29.7m | ¥36.6m | ¥590,000 | — | — | — | — | — | — | — |
| Operating income | ¥141.6m | ¥163.8m | ¥72.1m | ¥204.0m | −¥143.0m | ¥253.0m | ¥241.4m | ¥125.6m | ¥192.9m | ¥379.4m |
| Net income | ¥146.8m | ¥135.3m | ¥47.0m | ¥155.4m | −¥942.0m | ¥116.9m | ¥89.1m | ¥18.3m | ¥222.8m | ¥296.8m |
| Diluted earnings per share | 33.17 | 30.57 | 10.61 | 35.12 | -212.92 | 26.43 | 20.14 | 4.14 | 50.36 | 67.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.18bn | ¥5.45bn | ¥5.57bn | ¥5.49bn | ¥6.13bn | ¥5.54bn | ¥5.62bn | ¥5.34bn | ¥5.50bn | ¥5.41bn |
| Cash and short-term investments | ¥1.41bn | ¥1.95bn | ¥3.00bn | ¥3.39bn | ¥4.34bn | ¥3.01bn | ¥2.70bn | ¥2.54bn | ¥2.73bn | ¥2.44bn |
| Total liabilities | ¥2.48bn | ¥1.92bn | ¥2.17bn | ¥2.12bn | ¥2.92bn | ¥1.39bn | ¥1.57bn | ¥1.35bn | ¥1.49bn | ¥1.61bn |
| Debt | ¥659.7m | ¥496.4m | ¥849.6m | ¥1.18bn | ¥1.44bn | ¥180.6m | ¥303.7m | ¥318.1m | ¥461.6m | ¥691.7m |
| Shareholders' equity | ¥3.71bn | ¥3.53bn | ¥3.40bn | ¥3.37bn | ¥3.21bn | ¥4.15bn | ¥4.05bn | ¥3.98bn | ¥4.02bn | ¥3.80bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥225.9m | −¥219.9m | ¥246.7m | −¥504.6m | ¥288.6m | ¥567.6m | ¥674.5m | ¥424.9m | ¥747.9m | ¥376.3m |
| Capital spending | −¥32.3m | −¥417.1m | −¥7.5m | −¥28.4m | −¥17.9m | −¥3.0m | −¥105.7m | −¥26.2m | −¥23.2m | −¥33.6m |
| Free cash flow | −¥258.2m | −¥637.1m | ¥239.2m | −¥533.0m | ¥270.7m | ¥564.6m | ¥568.8m | ¥398.8m | ¥724.7m | ¥342.6m |
| Dividends paid | −¥22.1m | −¥22.1m | −¥22.1m | — | −¥22.1m | −¥22.1m | −¥22.1m | −¥22.1m | −¥22.1m | −¥22.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.55bn | ¥1.76bn | ¥1.60bn | ¥1.73bn | ¥1.70bn | ¥1.49bn | ¥1.55bn | ¥1.40bn |
| Gross profit | ¥477.7m | ¥574.6m | ¥544.2m | ¥578.9m | ¥554.5m | ¥512.2m | ¥503.5m | ¥468.7m |
| Operating income | −¥79.6m | ¥84.8m | ¥39.5m | ¥88.9m | ¥1.8m | ¥11.4m | ¥39.5m | ¥42.7m |
| Net income | −¥60.6m | ¥44.2m | ¥3.9m | ¥135.3m | −¥3.3m | −¥5.3m | ¥20.0m | ¥68.0m |
| Diluted earnings per share | -13.70 | 9.99 | 0.88 | 30.58 | -0.74 | -1.19 | 4.53 | 15.38 |
| Cash from operations | — | — | — | −¥225.0m | — | — | — | — |
| Capital spending | — | — | — | −¥32.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥257.0m | — | — | — | — |
| Total assets | ¥6.38bn | ¥6.26bn | ¥5.86bn | ¥6.18bn | ¥5.86bn | ¥5.76bn | ¥5.72bn | ¥5.45bn |
| Cash and short-term investments | ¥1.79bn | ¥1.79bn | ¥1.48bn | ¥1.41bn | ¥1.85bn | ¥1.97bn | ¥2.08bn | ¥1.95bn |
| Debt | ¥643.6m | ¥884.3m | ¥566.3m | ¥655.8m | ¥331.9m | ¥678.0m | ¥397.4m | ¥273.7m |
| Shareholders' equity | ¥3.67bn | ¥3.72bn | ¥3.68bn | ¥3.71bn | ¥3.56bn | ¥3.55bn | ¥3.53bn | ¥3.53bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 33.2% | 35.2% | 37.4% | 37.6% | 37.8% | 40.2% | — | — | — |
| Operating margin | 2.2% | 3.0% | 1.6% | 4.2% | -2.8% | 4.5% | — | — | — |
| Net margin | 2.3% | 2.5% | 1.0% | 3.2% | -18.2% | 2.1% | — | — | — |
| Return on equity | 4.0% | 3.8% | 1.4% | 4.6% | -29.3% | 2.8% | — | — | — |
| Return on assets | 2.4% | 2.5% | 0.8% | 2.8% | -15.4% | 2.1% | — | — | — |
| Free cash flow yield | -5.4% | -5.3% | 5.9% | -12.1% | 6.9% | 13.7% | — | — | — |
| Revenue growth | 19.7% | 18.5% | -5.9% | -6.5% | -8.2% | 1.6% | — | — | — |
| Earnings growth | 8.5% | 188.1% | -69.8% | -116.5% | -905.6% | 31.2% | — | — | — |
| Current ratio | 2.38x | 2.92x | 3.22x | 4.48x | 3.39x | 4.62x | — | — | — |
| Debt to equity | 0.18x | 0.14x | 0.25x | 0.35x | 0.45x | 0.04x | — | — | — |
| Equity ratio | 59.9% | 64.7% | 61.1% | 61.4% | 52.4% | 74.8% | — | — | — |
| Interest coverage | 23.62x | 36.82x | 10.02x | 22.33x | -32.65x | 51.97x | — | — | — |
| R&D as a share of sales | 0.5% | 0.7% | 0.0% | — | — | — | 1.0% | 0.6% | 1.1% |
| 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 | 10.1% | 2.7% | 3.6% |
| Operating income | -11.5% | -11.0% | -12.9% |
| Net income | -1.9% | 4.6% | -9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.1% | 35.6% | 36.8% | 40.3% |
| Operating margin | 2.6% | 2.7% | 2.2% | 3.9% |
| Net margin | 2.4% | 2.3% | -1.1% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.2 | 31.6 | 81.7 | 24.5 | -3.8 | 33.8 | 47.2 | 163.7 | 21.3 | 22.4 |
| Price to sales | 0.7 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.8 | 0.6 | 1.0 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
- 100-for-1 split · 29 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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