H 
152
+3.40%
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
¥9.88bn
FY2017FY2026
Net income
¥219.8m
FY2017FY2026
Free cash flow
−¥1.28bn
FY2017FY2026
Shareholders' equity
¥6.12bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.88bn | ¥10.66bn | ¥13.86bn | ¥12.38bn | ¥9.22bn | ¥6.27bn | ¥9.89bn | ¥10.95bn | ¥11.64bn | ¥11.51bn |
| Gross profit | ¥5.48bn | ¥5.99bn | ¥7.38bn | ¥6.43bn | ¥4.16bn | ¥2.62bn | ¥5.13bn | ¥5.78bn | ¥6.50bn | ¥6.50bn |
| Operating income | ¥200.5m | ¥249.8m | ¥266.9m | −¥769.7m | −¥2.36bn | −¥2.46bn | −¥24.1m | ¥741.0m | ¥1.52bn | ¥1.89bn |
| Net income | ¥219.8m | ¥1.53bn | −¥153.1m | −¥904.0m | −¥2.47bn | −¥4.11bn | −¥1.95bn | ¥75.4m | ¥1.07bn | ¥1.12bn |
| Diluted earnings per share | 3.11 | 21.67 | -2.17 | -12.27 | -34.95 | -58.68 | -44.48 | 1.75 | 24.69 | 24.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥11.91bn | ¥12.15bn | ¥21.87bn | ¥21.76bn | ¥22.80bn | ¥19.38bn | ¥21.67bn | ¥21.87bn | ¥22.88bn | ¥20.14bn |
| Cash and short-term investments | ¥4.97bn | ¥6.65bn | ¥5.63bn | ¥5.26bn | ¥5.58bn | ¥640.3m | ¥4.63bn | ¥7.12bn | ¥9.41bn | ¥7.25bn |
| Total liabilities | ¥5.80bn | ¥6.26bn | ¥17.53bn | ¥17.24bn | ¥17.42bn | ¥16.19bn | ¥14.08bn | ¥12.22bn | ¥12.21bn | ¥15.81bn |
| Debt | ¥3.62bn | ¥3.83bn | ¥14.62bn | ¥14.65bn | ¥14.70bn | ¥13.65bn | ¥12.07bn | ¥10.32bn | ¥9.74bn | ¥13.58bn |
| Shareholders' equity | ¥6.12bn | ¥5.90bn | ¥4.35bn | ¥4.52bn | ¥5.39bn | ¥3.19bn | ¥7.59bn | ¥9.66bn | ¥10.67bn | ¥4.34bn |
| Shares outstanding | 71m | 71m | 71m | 74m | 71m | 70m | 44m | 43m | 43m | 45m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥653.4m | −¥346.8m | ¥1.15bn | −¥99.4m | −¥68.3m | −¥2.70bn | ¥546.0m | ¥754.0m | ¥1.77bn | ¥979.2m |
| Capital spending | −¥627.1m | −¥162.5m | −¥707.7m | −¥203.6m | −¥265.7m | −¥2.98bn | −¥4.92bn | −¥2.59bn | −¥2.06bn | −¥3.77bn |
| Free cash flow | −¥1.28bn | −¥509.2m | ¥444.3m | −¥303.0m | −¥334.0m | −¥5.67bn | −¥4.37bn | −¥1.83bn | −¥289.1m | −¥2.79bn |
| Dividends paid | — | — | — | −¥507,000 | −¥702,000 | −¥2.9m | −¥131.0m | −¥137.8m | −¥702.8m | −¥630.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.54bn | ¥2.31bn | ¥3.11bn | ¥2.04bn | ¥2.43bn | ¥2.24bn | ¥2.87bn | ¥2.22bn |
| Gross profit | ¥1.43bn | ¥1.21bn | ¥1.83bn | ¥1.09bn | ¥1.35bn | ¥1.23bn | ¥1.65bn | ¥1.21bn |
| Operating income | ¥26.8m | −¥218.0m | ¥485.1m | −¥137.7m | ¥71.0m | −¥59.5m | ¥359.5m | −¥3.5m |
| Net income | ¥31.1m | −¥244.3m | ¥492.6m | −¥87.9m | ¥59.4m | −¥501.1m | ¥355.2m | ¥1.75bn |
| Diluted earnings per share | 0.44 | -3.46 | 6.97 | -1.24 | 0.84 | -7.09 | 5.03 | 24.73 |
| Total assets | ¥11.67bn | ¥11.91bn | ¥12.00bn | ¥11.48bn | ¥11.64bn | ¥12.15bn | ¥12.69bn | ¥12.46bn |
| Cash and short-term investments | ¥5.04bn | ¥4.97bn | ¥5.33bn | ¥5.28bn | ¥6.02bn | ¥6.65bn | ¥6.78bn | ¥6.65bn |
| Debt | ¥1.93bn | ¥3.60bn | ¥1.93bn | ¥3.71bn | ¥1.93bn | ¥3.83bn | ¥1.93bn | ¥3.94bn |
| Shareholders' equity | ¥6.15bn | ¥6.12bn | ¥6.36bn | ¥5.86bn | ¥5.93bn | ¥5.90bn | ¥6.39bn | ¥6.05bn |
Financial ratios
Data as of 5 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 55.5% | 56.2% | 53.2% | 51.9% | 45.2% | 41.7% |
| Operating margin | 2.0% | 2.3% | 1.9% | -6.2% | -25.6% | -39.2% |
| Net margin | 2.2% | 14.4% | -1.1% | -7.3% | -26.8% | -65.6% |
| Return on equity | 3.6% | 26.0% | -3.5% | -20.0% | -45.8% | -129.1% |
| Return on assets | 1.8% | 12.6% | -0.7% | -4.2% | -10.8% | -21.2% |
| Free cash flow yield | -0.2% | -1.7% | 16.7% | 0.9% | 1.8% | 2.5% |
| Revenue growth | -7.3% | -23.1% | 12.0% | 34.2% | 47.2% | -36.6% |
| Earnings growth | -85.6% | -1099.8% | -83.1% | -63.4% | -39.9% | 110.4% |
| Current ratio | 2.20x | 2.27x | 3.46x | 3.85x | 3.65x | 0.61x |
| Debt to equity | 0.59x | 0.65x | 3.35x | 3.22x | 2.70x | 4.23x |
| Equity ratio | 51.3% | 48.5% | 19.9% | 20.8% | 23.6% | 16.4% |
| Interest coverage | 4.68x | 5.10x | 2.98x | -8.37x | -31.58x | -31.69x |
| Buybacks as a share of market value | 0.0% | -0.0% | 4.2% | -4.3% | -0.9% | -59.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.2% | 9.5% | -1.8% |
| Operating income | — | — | -21.9% |
| Net income | — | — | -17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.9% | 54.0% | 51.5% | 53.2% |
| Operating margin | 2.2% | -0.1% | -7.8% | 1.4% |
| Net margin | 8.5% | 1.5% | -9.5% | -3.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 49.8 | 5.8 | -78.9 | -22.3 | -5.2 | -3.2 | -3.0 | 166.1 | 13.5 | 23.0 |
| Price to sales | 1.1 | 0.8 | 0.9 | 1.6 | 1.4 | 2.1 | 0.6 | 1.1 | 1.2 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 16.17 | 16.17 | 16.10 | 15.03 | 14.00 | 7.967 |
- 300-for-1 split · 26 Feb 2013
- 2-for-1 split · 27 Jul 2011
- 2-for-1 split · 27 Jul 2004
- 2-for-1 split · 26 Apr 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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