O 
890
-0.78%
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
¥16.51bn
FY2016FY2025
Net income
−¥73.7m
FY2016FY2025
Free cash flow
−¥6.86bn
FY2016FY2025
Shareholders' equity
¥11.53bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥16.51bn | ¥16.31bn | ¥14.24bn | ¥14.17bn | ¥17.90bn | ¥18.06bn | ¥18.47bn | ¥17.79bn | ¥16.67bn | ¥16.54bn |
| Research and development | ¥47.9m | ¥50.0m | ¥46.0m | ¥35.0m | ¥45.0m | ¥41.0m | ¥39.1m | ¥40.0m | ¥43.0m | ¥42.0m |
| Operating income | −¥66.7m | ¥269.7m | ¥377.2m | ¥552.2m | ¥472.9m | ¥342.7m | ¥362.8m | ¥449.9m | ¥205.0m | ¥170.5m |
| Net income | −¥73.7m | ¥180.0m | ¥244.5m | ¥681.0m | ¥331.6m | ¥183.8m | ¥232.2m | ¥632.0m | ¥90.3m | ¥114.7m |
| Diluted earnings per share | -14.80 | 35.99 | 48.59 | 135.35 | 65.89 | 36.27 | 45.79 | 124.62 | 17.81 | 22.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥23.67bn | ¥15.81bn | ¥14.93bn | ¥14.83bn | ¥13.99bn | ¥13.13bn | ¥12.95bn | ¥14.49bn | ¥12.46bn | ¥12.15bn |
| Cash and short-term investments | ¥1.38bn | ¥1.09bn | ¥2.02bn | ¥3.18bn | ¥1.80bn | ¥779.8m | ¥1.56bn | ¥2.69bn | ¥868.3m | ¥1.71bn |
| Total liabilities | ¥12.14bn | ¥4.15bn | ¥3.38bn | ¥3.55bn | ¥3.30bn | ¥2.67bn | ¥2.61bn | ¥4.23bn | ¥2.75bn | ¥2.51bn |
| Debt | ¥8.73bn | ¥1.47bn | ¥325.4m | ¥434.7m | ¥547.3m | ¥229.9m | ¥302.5m | ¥363.0m | — | — |
| Shareholders' equity | ¥11.53bn | ¥11.66bn | ¥11.55bn | ¥11.28bn | ¥10.69bn | ¥10.46bn | ¥10.34bn | ¥10.26bn | ¥9.71bn | ¥9.64bn |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥5.01bn | −¥1.70bn | −¥760.7m | ¥1.17bn | ¥1.40bn | −¥386.5m | −¥450.2m | ¥985.6m | −¥629.0m | ¥329.9m |
| Capital spending | −¥1.85bn | −¥275.3m | −¥185.1m | −¥40.5m | −¥638.6m | −¥236.9m | −¥533.2m | −¥776.8m | −¥125.5m | −¥72.7m |
| Free cash flow | −¥6.86bn | −¥1.98bn | −¥945.8m | ¥1.13bn | ¥765.3m | −¥623.4m | −¥983.3m | ¥208.7m | −¥754.5m | ¥257.2m |
| Dividends paid | −¥74.4m | −¥75.6m | −¥100.2m | −¥75.3m | −¥75.5m | −¥75.8m | −¥75.8m | −¥76.1m | −¥75.6m | −¥75.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.86bn | ¥3.72bn | ¥4.53bn | ¥3.96bn | ¥4.11bn | ¥3.88bn | ¥4.57bn | ¥4.08bn |
| Operating income | ¥30.4m | −¥97.2m | ¥219.3m | ¥1.2m | −¥57.8m | −¥106.2m | ¥96.0m | −¥73.0m |
| Net income | −¥2.8m | ¥3.6m | ¥138.5m | −¥13.9m | −¥37.8m | −¥89.6m | ¥67.0m | −¥56.0m |
| Diluted earnings per share | -0.57 | 0.73 | 27.81 | -2.79 | -7.59 | -17.99 | 13.40 | -11.20 |
| Cash from operations | — | — | — | −¥5.01bn | — | — | — | — |
| Capital spending | — | — | — | −¥1.85bn | — | — | — | — |
| Free cash flow | — | — | — | −¥6.86bn | — | — | — | — |
| Total assets | ¥20.91bn | ¥21.70bn | ¥22.46bn | ¥23.67bn | ¥22.12bn | ¥21.74bn | ¥18.35bn | ¥15.81bn |
| Cash and short-term investments | ¥550.9m | ¥595.8m | ¥1.78bn | ¥1.38bn | ¥810.7m | ¥988.7m | ¥1.78bn | ¥1.09bn |
| Debt | ¥4.42bn | ¥7.79bn | ¥4.77bn | ¥8.73bn | ¥6.13bn | ¥7.55bn | ¥2.24bn | ¥1.24bn |
| Shareholders' equity | ¥11.64bn | ¥11.64bn | ¥11.62bn | ¥11.53bn | ¥11.53bn | ¥11.59bn | ¥11.69bn | ¥11.66bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.1% | 1.7% | 2.8% | 7.1% | 2.8% | 1.7% |
| Net margin | -0.4% | 1.1% | 1.7% | 4.8% | 1.9% | 1.0% |
| Return on equity | -0.6% | 1.5% | 2.1% | 6.0% | 3.1% | 1.8% |
| Return on assets | -0.3% | 1.1% | 1.6% | 4.6% | 2.4% | 1.4% |
| Free cash flow yield | -112.0% | -37.9% | -16.8% | 25.8% | 31.1% | -8.5% |
| Revenue growth | 1.3% | 14.5% | 0.5% | -20.9% | -0.9% | -2.2% |
| Earnings growth | -140.9% | -26.4% | -64.1% | 105.4% | 80.4% | -20.9% |
| Current ratio | 1.80x | 3.65x | 4.49x | 4.29x | 4.53x | 4.92x |
| Debt to equity | 0.76x | 0.13x | 0.03x | 0.04x | 0.05x | 0.02x |
| Equity ratio | 48.7% | 73.8% | 77.3% | 76.1% | 76.4% | 79.7% |
| Interest coverage | -0.46x | 43.52x | 158.26x | 672.38x | 226.32x | 128.68x |
| R&D as a share of sales | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% |
| Buybacks as a share of market value | 0.4% | 0.6% | 0.0% | -0.0% | 0.7% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | -1.8% | 0.1% |
| Net income | — | — | 24.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.6% | 1.8% | 2.0% | 1.7% |
| Net margin | 0.3% | 1.7% | 1.6% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -60.3 | 25.1 | 18.7 | 6.0 | 11.8 | 20.6 | 17.7 | 6.7 | 50.5 | 39.7 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 35 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 15.00 | 15.00 | 20.00 | 15.00 | 15.00 | 15.00 | 15.00 |
- 1.2-for-1 split · 26 Sept 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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