N 
945
+1.72%
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
¥7.04bn
FY2017FY2026
Net income
¥450.1m
FY2017FY2026
Free cash flow
¥331.5m
FY2017FY2026
Shareholders' equity
¥8.36bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.04bn | ¥7.09bn | ¥6.94bn | ¥6.17bn | ¥5.88bn | ¥5.19bn | ¥6.64bn | ¥5.93bn | ¥5.45bn | ¥5.19bn |
| Gross profit | ¥1.76bn | ¥1.82bn | ¥1.80bn | ¥1.65bn | ¥1.61bn | ¥1.41bn | ¥1.72bn | ¥1.65bn | ¥1.57bn | ¥1.50bn |
| Research and development | — | ¥256.6m | ¥260.0m | ¥256.1m | ¥281.4m | ¥261.7m | ¥252.9m | ¥248.2m | ¥246.8m | ¥234.6m |
| Operating income | ¥485.9m | ¥549.9m | ¥577.0m | ¥522.5m | ¥472.6m | ¥313.7m | ¥569.2m | ¥531.6m | ¥482.8m | ¥421.4m |
| Net income | ¥450.1m | ¥408.8m | ¥504.4m | ¥396.6m | ¥416.5m | ¥239.1m | ¥373.1m | ¥462.9m | ¥322.6m | ¥318.2m |
| Diluted earnings per share | 87.02 | 78.23 | 95.84 | 75.36 | 79.15 | 45.43 | 70.90 | 87.96 | 61.30 | 60.46 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.84bn | ¥10.37bn | ¥10.12bn | ¥9.21bn | ¥8.70bn | ¥8.14bn | ¥8.12bn | ¥8.11bn | ¥7.69bn | ¥7.13bn |
| Cash and short-term investments | ¥5.35bn | ¥5.17bn | ¥5.08bn | ¥4.65bn | ¥4.42bn | ¥4.30bn | ¥4.19bn | ¥3.97bn | ¥3.68bn | ¥3.28bn |
| Total liabilities | ¥2.48bn | ¥2.48bn | ¥2.60bn | ¥2.34bn | ¥2.21bn | ¥1.93bn | ¥2.19bn | ¥2.31bn | ¥2.21bn | ¥1.84bn |
| Debt | ¥106.8m | ¥124.3m | ¥27.9m | ¥28.6m | ¥36.1m | ¥58.9m | ¥66.3m | ¥91.3m | ¥96.8m | ¥81.8m |
| Shareholders' equity | ¥8.36bn | ¥7.89bn | ¥7.52bn | ¥6.87bn | ¥6.49bn | ¥6.20bn | ¥5.92bn | ¥5.80bn | ¥5.48bn | ¥5.29bn |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥356.4m | ¥402.7m | ¥546.5m | ¥307.7m | ¥256.4m | ¥293.6m | ¥468.6m | ¥411.5m | ¥585.6m | ¥684.5m |
| Capital spending | −¥24.9m | −¥26.3m | −¥170.6m | −¥17.8m | −¥42.2m | −¥13.6m | −¥48.6m | −¥64.1m | −¥11.8m | −¥17.9m |
| Free cash flow | ¥331.5m | ¥376.3m | ¥375.9m | ¥290.0m | ¥214.2m | ¥280.0m | ¥420.0m | ¥347.5m | ¥573.9m | ¥666.6m |
| Dividends paid | −¥133.5m | −¥131.7m | −¥104.9m | −¥103.8m | −¥105.5m | −¥105.3m | −¥105.2m | −¥105.4m | −¥105.5m | −¥104.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.96bn | ¥1.91bn | ¥1.75bn | ¥1.70bn | ¥1.69bn | ¥1.66bn | ¥1.80bn | ¥1.82bn |
| Gross profit | ¥483.8m | ¥467.1m | ¥441.6m | ¥436.9m | ¥414.4m | ¥407.7m | ¥472.7m | ¥471.4m |
| Operating income | ¥149.1m | ¥155.7m | ¥133.6m | ¥120.3m | ¥76.3m | ¥99.2m | ¥155.7m | ¥156.6m |
| Net income | ¥142.1m | ¥132.5m | ¥168.1m | ¥108.6m | ¥40.8m | ¥17.0m | ¥223.6m | −¥12.3m |
| Diluted earnings per share | 27.48 | 25.61 | 32.18 | 20.79 | 7.82 | 3.26 | 42.49 | -2.34 |
| Total assets | ¥11.42bn | ¥10.84bn | ¥10.76bn | ¥10.46bn | ¥10.38bn | ¥10.37bn | ¥10.55bn | ¥10.00bn |
| Cash and short-term investments | ¥5.57bn | ¥5.35bn | ¥5.10bn | ¥5.12bn | ¥5.21bn | ¥5.17bn | ¥5.20bn | ¥5.05bn |
| Debt | — | ¥55.8m | — | — | — | ¥48.5m | — | — |
| Shareholders' equity | ¥8.64bn | ¥8.36bn | ¥8.22bn | ¥8.00bn | ¥7.77bn | ¥7.89bn | ¥7.89bn | ¥7.53bn |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 25.7% | 25.9% | 26.7% | 27.4% | 27.2% | — |
| Operating margin | 6.9% | 7.8% | 8.3% | 8.5% | 8.0% | 6.0% | — |
| Net margin | 6.4% | 5.8% | 7.3% | 6.4% | 7.1% | 4.6% | — |
| Return on equity | 5.4% | 5.2% | 6.7% | 5.8% | 6.4% | 3.9% | — |
| Return on assets | 4.2% | 3.9% | 5.0% | 4.3% | 4.8% | 2.9% | — |
| Free cash flow yield | 7.5% | 8.4% | 13.9% | 6.3% | 5.8% | 5.9% | — |
| Revenue growth | -0.7% | 2.2% | 12.4% | 5.0% | 13.3% | -21.9% | — |
| Earnings growth | 10.1% | -18.9% | 27.2% | -4.8% | 74.2% | -35.9% | — |
| Current ratio | 4.53x | 4.15x | 3.68x | 3.79x | 3.70x | 4.08x | — |
| Debt to equity | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 77.1% | 76.1% | 74.3% | 74.6% | 74.6% | 76.2% | — |
| Interest coverage | 156.18x | 260.49x | 561.27x | 280.62x | 238.19x | 160.06x | — |
| R&D as a share of sales | — | 3.6% | 3.7% | 4.1% | 4.8% | 5.0% | 3.8% |
| Buybacks as a share of market value | 1.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.5% | 6.3% | 2.9% |
| Operating income | -2.4% | 9.1% | 0.8% |
| Net income | 4.3% | 13.5% | 7.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.3% | 25.8% | 26.2% | 26.9% |
| Operating margin | 7.3% | 7.8% | 7.6% | 8.0% |
| Net margin | 6.1% | 6.5% | 6.3% | 6.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 11.4 | 8.8 | 10.0 | 8.8 | 15.6 | 10.2 | 10.5 | 13.9 | 12.5 |
| Price to sales | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.8 | 0.8 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 50.00 | 25.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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