A 
831
+0.73%
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
¥34.32bn
FY2017FY2026
Net income
¥1.20bn
FY2017FY2026
Free cash flow
−¥726.4m
FY2017FY2026
Shareholders' equity
¥16.21bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥34.32bn | ¥32.66bn | ¥30.19bn | ¥25.58bn | ¥23.00bn | ¥22.37bn | ¥15.82bn | ¥16.25bn | ¥15.80bn | ¥15.14bn |
| Gross profit | ¥11.65bn | ¥10.97bn | ¥10.49bn | ¥9.32bn | ¥8.58bn | ¥6.87bn | ¥4.55bn | ¥4.52bn | ¥4.59bn | ¥4.61bn |
| Research and development | — | ¥143.1m | ¥148.0m | ¥145.1m | ¥153.0m | ¥163.7m | ¥166.4m | ¥156.6m | ¥139.2m | ¥116.1m |
| Operating income | ¥2.45bn | ¥2.38bn | ¥1.92bn | ¥1.64bn | ¥1.02bn | ¥2.25bn | ¥1.09bn | ¥981.3m | ¥1.02bn | ¥1.07bn |
| Net income | ¥1.20bn | ¥1.45bn | ¥1.25bn | ¥1.10bn | ¥735.4m | ¥1.50bn | ¥676.7m | ¥783.3m | ¥736.7m | ¥465.9m |
| Diluted earnings per share | 76.25 | 101.74 | 88.98 | 78.90 | 52.34 | 105.02 | 48.50 | 55.70 | 52.38 | 38.48 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥49.05bn | ¥48.73bn | ¥47.03bn | ¥41.07bn | ¥37.35bn | ¥35.75bn | ¥18.55bn | ¥18.33bn | ¥18.01bn | ¥16.76bn |
| Cash and short-term investments | ¥9.76bn | ¥11.30bn | ¥12.17bn | ¥11.18bn | ¥10.38bn | ¥9.22bn | ¥4.73bn | ¥4.44bn | ¥4.08bn | ¥3.39bn |
| Total liabilities | ¥32.61bn | ¥33.53bn | ¥33.07bn | ¥27.91bn | ¥24.90bn | ¥23.09bn | ¥8.08bn | ¥8.22bn | ¥8.35bn | ¥9.10bn |
| Debt | ¥23.41bn | ¥24.14bn | ¥23.40bn | ¥19.59bn | ¥17.18bn | ¥14.77bn | ¥4.09bn | ¥4.28bn | ¥4.25bn | ¥5.40bn |
| Shareholders' equity | ¥16.21bn | ¥15.08bn | ¥13.93bn | ¥13.11bn | ¥12.44bn | ¥11.92bn | ¥10.46bn | ¥10.11bn | ¥9.65bn | ¥7.66bn |
| Shares outstanding | 16m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.68bn | ¥1.79bn | ¥1.54bn | ¥865.3m | ¥1.49bn | ¥2.58bn | ¥1.30bn | ¥1.13bn | ¥1.22bn | ¥525.6m |
| Capital spending | −¥2.40bn | −¥3.54bn | −¥3.41bn | −¥1.94bn | −¥958.0m | −¥492.1m | −¥381.3m | −¥546.8m | −¥549.3m | −¥851.9m |
| Free cash flow | −¥726.4m | −¥1.75bn | −¥1.87bn | −¥1.07bn | ¥534.4m | ¥2.09bn | ¥917.7m | ¥585.1m | ¥672.3m | −¥326.3m |
| Dividends paid | −¥514.0m | −¥434.4m | −¥418.8m | −¥385.1m | −¥422.0m | −¥312.5m | −¥350.2m | −¥280.1m | −¥181.0m | −¥181.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.05bn | ¥8.43bn | ¥8.30bn | ¥8.55bn | ¥7.92bn | ¥8.12bn | ¥8.42bn | ¥8.19bn |
| Gross profit | ¥3.00bn | ¥2.91bn | ¥2.78bn | ¥2.96bn | ¥2.69bn | ¥2.77bn | ¥2.76bn | ¥2.82bn |
| Operating income | ¥654.8m | ¥549.0m | ¥479.6m | ¥771.6m | ¥556.1m | ¥558.6m | ¥644.1m | ¥650.0m |
| Net income | ¥32.6m | ¥365.4m | ¥278.4m | ¥522.6m | ¥36.1m | ¥531.0m | ¥421.3m | ¥460.0m |
| Diluted earnings per share | 2.07 | 23.24 | 17.71 | 36.70 | 2.53 | 37.29 | 29.59 | 32.69 |
| Cash from operations | — | — | — | — | ¥1.79bn | — | — | — |
| Capital spending | — | — | — | — | −¥3.54bn | — | — | — |
| Free cash flow | — | — | — | — | −¥1.75bn | — | — | — |
| Total assets | ¥49.05bn | ¥49.95bn | ¥50.25bn | ¥49.15bn | ¥48.73bn | ¥48.80bn | ¥47.75bn | ¥48.36bn |
| Cash and short-term investments | ¥9.76bn | ¥9.70bn | ¥11.09bn | ¥10.60bn | ¥11.30bn | ¥11.34bn | ¥11.37bn | ¥11.43bn |
| Debt | ¥18.80bn | ¥19.16bn | ¥23.76bn | ¥18.51bn | ¥24.02bn | ¥10.52bn | ¥23.74bn | ¥10.11bn |
| Shareholders' equity | ¥16.21bn | ¥16.15bn | ¥16.03bn | ¥15.56bn | ¥15.08bn | ¥14.92bn | ¥14.64bn | ¥14.20bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.6% | 34.8% | 36.4% | 37.3% | 30.7% | 28.8% |
| Operating margin | 7.3% | 6.3% | 6.4% | 4.6% | 10.0% | 6.9% |
| Net margin | 4.4% | 4.1% | 4.3% | 3.2% | 6.7% | 4.3% |
| Return on equity | 9.6% | 9.0% | 8.4% | 5.9% | 12.5% | 6.5% |
| Return on assets | 3.0% | 2.7% | 2.7% | 2.0% | 4.2% | 3.6% |
| Free cash flow yield | 44.4% | 41.7% | 23.8% | 20.7% | 25.6% | 14.3% |
| Revenue growth | 8.2% | 18.0% | 11.2% | 2.8% | 41.4% | -2.7% |
| Earnings growth | 15.7% | 13.6% | 49.9% | -50.8% | 121.0% | -13.6% |
| Current ratio | 0.86x | 1.25x | 1.34x | 1.30x | 1.34x | 1.61x |
| Debt to equity | 1.59x | 1.66x | 1.49x | 1.38x | 1.23x | 0.38x |
| Equity ratio | 30.9% | 29.6% | 31.9% | 33.3% | 33.3% | 56.4% |
| Interest coverage | 11.83x | 18.92x | 28.43x | 18.55x | 44.87x | 33.22x |
| R&D as a share of sales | 0.4% | 0.5% | 0.6% | 0.7% | 0.7% | 1.1% |
| Buybacks as a share of market value | -1.2% | -0.7% | 0.5% | 1.3% | -2.1% | 0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 8.9% | 8.9% |
| Operating income | 14.4% | 1.7% | 10.6% |
| Net income | 2.8% | -4.3% | 9.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.8% | 34.6% | 34.4% | 32.8% |
| Operating margin | 7.2% | 6.8% | 6.9% | 6.8% |
| Net margin | 4.0% | 4.1% | 4.3% | 4.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 8.7 | 9.4 | 10.1 | 14.4 | 8.3 | 14.3 | 12.1 | 12.3 | 23.8 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 18.00 | 49.00 | 30.00 | 27.50 | 30.00 | 22.50 | 20.00 | 20.00 |
- 10-for-1 split · 29 Aug 2011
- 3-for-1 split · 26 Aug 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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