U 
485
+1.04%
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
¥8.86bn
FY2017FY2026
Net income
−¥1.56bn
FY2017FY2026
Free cash flow
−¥4.17bn
FY2017FY2026
Shareholders' equity
¥17.28bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.86bn | ¥12.04bn | ¥12.57bn | ¥13.14bn | ¥12.71bn | ¥16.34bn | ¥20.91bn | ¥27.58bn | ¥14.44bn | ¥14.60bn |
| Gross profit | ¥2.99bn | ¥6.15bn | ¥7.96bn | ¥8.62bn | ¥8.31bn | ¥8.48bn | ¥8.96bn | ¥15.43bn | ¥4.54bn | ¥4.04bn |
| Research and development | — | — | — | — | — | — | — | — | — | ¥1.9m |
| Operating income | −¥1.22bn | ¥2.63bn | ¥4.85bn | ¥5.83bn | ¥5.75bn | ¥5.62bn | ¥5.10bn | ¥11.08bn | ¥1.65bn | ¥1.40bn |
| Net income | −¥1.56bn | ¥1.48bn | ¥2.37bn | ¥4.14bn | ¥3.83bn | ¥3.73bn | ¥1.40bn | ¥7.01bn | ¥849.5m | ¥923.8m |
| Diluted earnings per share | -41.64 | 39.54 | 60.14 | 105.64 | 97.56 | 88.99 | 31.65 | 156.80 | 18.44 | 19.74 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥20.05bn | ¥24.84bn | ¥26.75bn | ¥32.32bn | ¥38.70bn | ¥47.36bn | ¥33.59bn | ¥57.23bn | ¥12.63bn | ¥12.12bn |
| Cash and short-term investments | ¥15.03bn | ¥20.31bn | ¥20.82bn | ¥24.61bn | ¥30.96bn | ¥44.73bn | ¥29.37bn | ¥48.01bn | ¥8.57bn | ¥7.25bn |
| Total liabilities | ¥2.28bn | ¥3.07bn | ¥3.20bn | ¥5.67bn | ¥8.41bn | ¥11.32bn | ¥7.06bn | ¥17.13bn | ¥2.35bn | ¥2.56bn |
| Debt | ¥196.5m | ¥258.0m | ¥157.8m | ¥202.6m | ¥244.9m | ¥278.3m | ¥574.4m | ¥622.2m | ¥110.8m | ¥115.0m |
| Shareholders' equity | ¥17.28bn | ¥21.17bn | ¥23.52bn | ¥26.63bn | ¥30.29bn | ¥36.03bn | ¥26.53bn | ¥40.05bn | ¥10.17bn | ¥9.55bn |
| Shares outstanding | 37m | 37m | 39m | 39m | 39m | 42m | 44m | 45m | 46m | 47m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥3.98bn | ¥2.06bn | ¥2.90bn | ¥3.95bn | ¥2.72bn | ¥6.99bn | ¥2.01bn | ¥10.72bn | ¥2.16bn | ¥713.3m |
| Capital spending | −¥192.2m | −¥48.3m | −¥10.8m | −¥242.9m | −¥109.2m | −¥157.3m | −¥196.0m | −¥547.5m | −¥84.1m | −¥66.4m |
| Free cash flow | −¥4.17bn | ¥2.02bn | ¥2.89bn | ¥3.70bn | ¥2.61bn | ¥6.84bn | ¥1.81bn | ¥10.17bn | ¥2.08bn | ¥646.9m |
| Dividends paid | −¥1.37bn | −¥1.88bn | −¥1.39bn | −¥795.0m | −¥775.3m | −¥378.1m | −¥1.10bn | −¥595.8m | −¥297.3m | −¥114.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.05bn | ¥2.31bn | ¥2.24bn | ¥2.35bn | ¥1.96bn | ¥2.62bn | ¥3.09bn | ¥1.61bn |
| Gross profit | ¥938.4m | ¥759.9m | ¥765.4m | ¥787.2m | ¥571.8m | ¥665.7m | ¥1.36bn | ¥403.3m |
| Operating income | ¥64.8m | −¥282.5m | −¥255.2m | −¥195.5m | −¥500.6m | −¥482.2m | ¥549.6m | −¥353.4m |
| Net income | ¥216.3m | −¥613.0m | −¥319.0m | −¥231.9m | −¥394.5m | −¥425.7m | ¥277.5m | −¥301.1m |
| Diluted earnings per share | 5.78 | -16.37 | -8.52 | -6.19 | -10.54 | -11.37 | 7.05 | -7.65 |
| Total assets | ¥18.55bn | ¥20.05bn | ¥20.42bn | ¥21.03bn | ¥21.08bn | ¥24.84bn | ¥24.52bn | ¥24.79bn |
| Cash and short-term investments | ¥13.86bn | ¥15.03bn | ¥14.96bn | ¥16.52bn | ¥16.79bn | ¥20.31bn | ¥19.98bn | ¥21.38bn |
| Debt | ¥156.4m | ¥196.5m | ¥147.3m | ¥227.3m | ¥158.1m | ¥258.0m | ¥161.5m | ¥154.4m |
| Shareholders' equity | ¥16.62bn | ¥17.28bn | ¥17.89bn | ¥18.53bn | ¥18.69bn | ¥21.17bn | ¥21.30bn | ¥22.26bn |
Financial ratios
Data as of 27 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | FY2015 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 33.8% | 51.1% | 63.3% | 65.6% | 65.3% | 51.9% | — | — | — | — | — | — |
| Operating margin | -13.8% | 21.9% | 38.6% | 44.3% | 45.2% | 34.4% | — | — | — | — | — | — |
| Net margin | -17.6% | 12.3% | 18.8% | 31.5% | 30.1% | 22.8% | — | — | — | — | — | — |
| Return on equity | -9.0% | 7.0% | 10.1% | 15.5% | 12.6% | 10.3% | — | — | — | — | — | — |
| Return on assets | -7.8% | 6.0% | 8.8% | 12.8% | 9.9% | 7.9% | — | — | — | — | — | — |
| Free cash flow yield | -19.3% | 10.7% | 14.1% | 20.4% | 13.7% | 32.5% | — | — | — | — | — | — |
| Revenue growth | -26.4% | -4.3% | -4.3% | 3.3% | -22.2% | -21.9% | — | — | — | — | — | — |
| Earnings growth | -205.3% | -37.4% | -42.8% | 8.2% | 2.6% | 165.6% | — | — | — | — | — | — |
| Current ratio | 9.09x | 7.57x | 11.81x | 10.04x | 12.15x | 14.81x | — | — | — | — | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — | — | — | — | — | — |
| Equity ratio | 86.2% | 85.2% | 87.9% | 82.4% | 78.3% | 76.1% | — | — | — | — | — | — |
| Interest coverage | -417.47x | 1133.44x | 2523.24x | 2842.03x | 2556.53x | 1982.11x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.7% | 0.8% | 0.9% |
| Buybacks as a share of market value | 0.0% | 4.8% | -0.4% | 0.1% | 6.4% | 5.6% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.3% | -11.5% | -2.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.8% | 55.2% | 56.2% | 48.1% |
| Operating margin | 6.8% | 25.9% | 31.0% | 26.9% |
| Net margin | -0.4% | 13.8% | 18.5% | 15.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.7 | 12.6 | 13.0 | 8.5 | 6.3 | 11.2 | 21.6 | 4.4 | 40.1 | 93.1 |
| Price to sales | 2.1 | 1.6 | 2.5 | 2.7 | 1.9 | 2.5 | 1.4 | 1.1 | 2.4 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 47.00 | 48.00 | 35.50 | 20.00 | 18.00 | 8.50 | 24.00 | 13.00 |
- 2-for-1 split · 30 May 2023
- 100-for-1 split · 28 Sept 2011
- 3-for-1 split · 27 Mar 2007
- 1-to-1 reverse split · 10 Mar 2004
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.