E 
314
+3.63%
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
¥50.37bn
FY2016FY2025
Net income
−¥805.0m
FY2016FY2025
Free cash flow
¥4.98bn
FY2016FY2025
Shareholders' equity
¥30.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥50.37bn | ¥47.62bn | ¥46.48bn | ¥44.39bn | ¥27.54bn | ¥13.32bn | ¥13.97bn | ¥15.17bn | ¥13.89bn | ¥11.10bn |
| Gross profit | ¥32.06bn | ¥30.00bn | ¥29.81bn | ¥29.05bn | ¥16.22bn | ¥9.20bn | ¥9.73bn | ¥10.76bn | ¥10.08bn | ¥8.01bn |
| Research and development | ¥675.0m | ¥843.0m | ¥1.24bn | ¥1.48bn | ¥1.40bn | ¥1.19bn | ¥7.43bn | ¥624.5m | ¥431.1m | ¥354.3m |
| Operating income | ¥3.12bn | ¥302.0m | −¥1.60bn | −¥3.53bn | −¥5.25bn | −¥1.81bn | −¥7.46bn | −¥1.38bn | ¥950.9m | ¥694.0m |
| Net income | −¥805.0m | −¥650.0m | −¥2.65bn | −¥2.67bn | −¥4.03bn | −¥1.49bn | −¥9.80bn | −¥1.25bn | ¥785.9m | ¥673.3m |
| Diluted earnings per share | -5.90 | -4.77 | -22.65 | -23.63 | -36.58 | -15.97 | -105.54 | -14.11 | 9.28 | 8.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥72.33bn | ¥73.26bn | ¥59.62bn | ¥57.27bn | ¥61.01bn | ¥15.35bn | ¥17.20bn | ¥21.84bn | ¥18.86bn | ¥15.53bn |
| Cash and short-term investments | ¥21.16bn | ¥20.63bn | ¥15.79bn | ¥9.95bn | ¥10.19bn | ¥6.25bn | ¥7.83bn | ¥4.43bn | ¥7.35bn | ¥9.20bn |
| Total liabilities | ¥43.80bn | ¥41.14bn | ¥39.40bn | ¥37.92bn | ¥40.42bn | ¥5.96bn | ¥6.37bn | ¥5.93bn | ¥3.20bn | ¥2.10bn |
| Debt | ¥27.68bn | ¥25.92bn | ¥25.07bn | ¥22.22bn | ¥24.91bn | ¥3.76bn | ¥3.66bn | ¥3.85bn | ¥1.29bn | ¥212.7m |
| Shareholders' equity | ¥30.96bn | ¥31.70bn | ¥20.21bn | ¥19.35bn | ¥20.58bn | ¥9.38bn | ¥10.83bn | ¥15.90bn | ¥15.64bn | ¥13.41bn |
| Shares outstanding | 137m | 136m | 117m | 113m | 110m | 93m | 93m | 89m | 85m | 83m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.19bn | ¥2.65bn | ¥658.0m | ¥924.0m | ¥1.38bn | −¥1.22bn | ¥1.09bn | −¥1.24bn | ¥153.8m | ¥913.6m |
| Capital spending | −¥209.0m | −¥419.0m | −¥313.0m | −¥329.0m | −¥198.3m | −¥157.5m | −¥1.33bn | −¥3.14bn | −¥3.83bn | −¥970.0m |
| Free cash flow | ¥4.98bn | ¥2.23bn | ¥345.0m | ¥595.0m | ¥1.18bn | −¥1.38bn | −¥242.3m | −¥4.38bn | −¥3.68bn | −¥56.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.31bn | ¥13.20bn | ¥13.28bn | ¥12.53bn | ¥12.62bn | ¥11.94bn | ¥12.35bn | ¥11.62bn |
| Gross profit | ¥9.13bn | ¥8.99bn | ¥9.17bn | ¥8.49bn | ¥8.81bn | ¥8.34bn | ¥8.61bn | ¥8.22bn |
| Operating income | ¥1.03bn | ¥838.0m | ¥504.0m | ¥983.0m | ¥1.02bn | ¥619.0m | ¥142.0m | −¥189.0m |
| Net income | ¥106.0m | −¥32.0m | −¥424.0m | ¥178.0m | −¥53.0m | −¥506.0m | ¥398.0m | −¥781.0m |
| Diluted earnings per share | 0.75 | -0.23 | -3.11 | 1.30 | -0.39 | -3.71 | 2.92 | -5.73 |
| Cash from operations | — | — | — | — | — | — | ¥943.0m | ¥1.72bn |
| Capital spending | — | — | — | — | — | — | −¥123.0m | −¥123.0m |
| Free cash flow | — | — | — | — | — | — | ¥820.0m | ¥1.59bn |
| Total assets | ¥69.27bn | ¥70.66bn | ¥72.33bn | ¥69.71bn | ¥69.09bn | ¥71.56bn | ¥73.26bn | ¥71.59bn |
| Cash and short-term investments | ¥17.17bn | ¥18.87bn | ¥21.16bn | ¥19.07bn | ¥18.54bn | ¥19.05bn | ¥20.63bn | ¥19.81bn |
| Debt | ¥23.05bn | ¥19.29bn | ¥27.66bn | ¥3.81bn | ¥22.65bn | ¥3.88bn | ¥4.15bn | ¥4.15bn |
| Shareholders' equity | ¥33.18bn | ¥32.84bn | ¥30.96bn | ¥30.99bn | ¥30.59bn | ¥30.83bn | ¥31.70bn | ¥30.49bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 63.7% | 63.0% | 64.1% | 65.5% | 58.9% | 69.1% |
| Operating margin | 6.2% | 0.6% | -3.4% | -8.0% | -19.1% | -13.6% |
| Net margin | -1.6% | -1.4% | -5.7% | -6.0% | -14.6% | -11.2% |
| Return on equity | -2.6% | -2.1% | -13.1% | -13.8% | -19.6% | -15.9% |
| Return on assets | -1.1% | -0.9% | -4.4% | -4.7% | -6.6% | -9.7% |
| Free cash flow yield | 11.2% | 6.4% | 2.4% | 3.1% | 4.1% | -3.2% |
| Revenue growth | 5.8% | 2.4% | 4.7% | 61.2% | 106.8% | -4.7% |
| Earnings growth | 23.8% | -75.5% | -0.7% | -33.7% | 171.2% | -84.8% |
| Current ratio | 2.39x | 2.41x | 1.99x | 1.60x | 1.92x | 4.53x |
| Debt to equity | 0.89x | 0.82x | 1.24x | 1.15x | 1.26x | 0.40x |
| Equity ratio | 42.8% | 43.3% | 33.9% | 33.8% | 33.7% | 61.1% |
| Interest coverage | 6.72x | 0.63x | -3.35x | -6.50x | -21.43x | -201.82x |
| R&D as a share of sales | 1.3% | 1.8% | 2.7% | 3.3% | 5.1% | 9.0% |
| Buybacks as a share of market value | -0.2% | -16.4% | -3.6% | -2.6% | -18.4% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 30.5% | 23.9% |
| Operating income | — | — | 20.7% |
| Net income | -33.0% | -11.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.3% | 64.0% | 63.7% | 65.2% |
| Operating margin | 3.5% | -0.9% | -3.8% | -5.3% |
| Net margin | -1.5% | -3.6% | -5.4% | -7.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -67.8 | -87.0 | -30.8 | -41.5 | -19.4 | -48.5 | -7.4 | -41.2 | 113.6 | 159.6 |
| Price to sales | 1.1 | 1.2 | 1.8 | 2.5 | 2.8 | 5.4 | 5.2 | 3.4 | 6.4 | 9.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-for-1 split · 26 Sept 2013
- 5-for-1 split · 27 Mar 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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