L 
450
-1.53%
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
¥109.95bn
FY2019FY2026
Net income
¥2.37bn
FY2019FY2026
Free cash flow
−¥5.74bn
FY2019FY2026
Shareholders' equity
¥13.23bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥109.95bn | ¥95.99bn | ¥77.79bn | ¥63.65bn | ¥51.87bn | ¥41.16bn | ¥35.77bn | ¥30.15bn |
| Gross profit | ¥16.34bn | ¥15.20bn | ¥11.88bn | ¥8.96bn | ¥7.45bn | ¥5.89bn | ¥4.84bn | ¥4.53bn |
| Research and development | — | — | — | ¥0 | ¥0 | ¥0 | ¥0 | — |
| Operating income | ¥3.83bn | ¥3.74bn | ¥2.79bn | ¥1.52bn | ¥1.51bn | ¥1.22bn | ¥875.0m | ¥1.12bn |
| Net income | ¥2.37bn | ¥2.38bn | ¥1.84bn | ¥988.1m | ¥955.7m | ¥746.3m | ¥594.6m | ¥773.2m |
| Diluted earnings per share | 97.74 | 98.50 | 76.25 | 41.06 | 39.76 | 31.10 | 24.53 | 31.90 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥42.03bn | ¥35.39bn | ¥27.16bn | ¥19.96bn | ¥15.40bn | ¥12.12bn | ¥8.40bn | ¥8.19bn |
| Cash and short-term investments | ¥3.04bn | ¥4.48bn | ¥3.94bn | ¥3.27bn | ¥3.88bn | ¥3.95bn | ¥2.27bn | ¥2.41bn |
| Total liabilities | ¥28.80bn | ¥24.30bn | ¥18.28bn | ¥12.83bn | ¥9.18bn | ¥6.78bn | ¥4.94bn | ¥5.25bn |
| Debt | ¥21.85bn | ¥18.09bn | ¥13.04bn | ¥9.12bn | ¥5.95bn | ¥3.86bn | ¥2.60bn | ¥3.00bn |
| Shareholders' equity | ¥13.23bn | ¥11.08bn | ¥8.88bn | ¥7.13bn | ¥6.22bn | ¥5.33bn | ¥3.45bn | ¥2.94bn |
| Shares outstanding | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥3.86bn | −¥2.60bn | −¥1.84bn | −¥2.39bn | −¥1.07bn | ¥189.3m | ¥638.9m | ¥279.0m |
| Capital spending | −¥1.89bn | −¥2.15bn | −¥2.10bn | −¥1.78bn | −¥1.14bn | −¥916.7m | −¥455.7m | −¥255.2m |
| Free cash flow | −¥5.74bn | −¥4.75bn | −¥3.94bn | −¥4.18bn | −¥2.21bn | −¥727.4m | ¥183.2m | ¥23.8m |
| Dividends paid | −¥239.0m | −¥183.0m | −¥110.0m | −¥95.7m | −¥76.3m | −¥59.5m | −¥77.2m | −¥84.7m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥29.82bn | ¥28.65bn | ¥25.74bn | ¥25.75bn | ¥26.84bn | ¥22.79bn | ¥24.31bn | ¥22.05bn |
| Gross profit | ¥4.08bn | ¥4.46bn | ¥3.95bn | ¥3.84bn | ¥4.42bn | ¥3.40bn | ¥3.90bn | ¥3.49bn |
| Operating income | ¥866.0m | ¥1.15bn | ¥893.0m | ¥916.0m | ¥1.27bn | ¥445.3m | ¥1.14bn | ¥903.0m |
| Net income | ¥600.0m | ¥669.0m | ¥539.0m | ¥561.0m | ¥945.8m | ¥252.9m | ¥683.7m | ¥501.0m |
| Diluted earnings per share | 24.75 | 27.60 | 22.24 | 23.18 | 39.08 | 10.45 | 28.25 | 20.76 |
| Total assets | ¥42.03bn | ¥41.39bn | ¥39.13bn | ¥35.33bn | ¥35.39bn | ¥33.67bn | ¥31.19bn | ¥29.32bn |
| Cash and short-term investments | ¥3.04bn | ¥3.88bn | ¥4.48bn | ¥3.40bn | ¥4.48bn | ¥2.92bn | ¥2.77bn | ¥2.20bn |
| Debt | ¥16.95bn | ¥17.83bn | ¥21.18bn | ¥13.50bn | ¥11.47bn | ¥13.04bn | ¥16.34bn | ¥11.15bn |
| Shareholders' equity | ¥13.23bn | ¥12.62bn | ¥11.95bn | ¥11.41bn | ¥11.09bn | ¥10.13bn | ¥9.88bn | ¥9.20bn |
Financial ratios
Data as of 1 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 14.9% | 15.8% | 15.3% | 14.1% | 14.4% | 14.3% | — |
| Operating margin | 3.6% | 3.9% | 3.6% | 2.4% | 2.9% | 3.0% | — |
| Net margin | 2.2% | 2.5% | 2.4% | 1.6% | 1.8% | 1.8% | — |
| Return on equity | 17.9% | 21.5% | 20.7% | 13.9% | 15.4% | 14.0% | — |
| Return on assets | 5.6% | 6.7% | 6.8% | 5.0% | 6.2% | 6.2% | — |
| Free cash flow yield | -15.3% | -3.5% | 2.0% | -4.7% | 0.5% | 8.6% | — |
| Revenue growth | 14.5% | 23.4% | 22.2% | 22.7% | 26.0% | 15.1% | — |
| Earnings growth | -0.6% | 29.5% | 86.3% | 3.4% | 28.1% | 25.5% | — |
| Current ratio | 0.18x | 1.69x | 1.53x | 1.70x | 1.89x | 2.13x | — |
| Debt to equity | 1.28x | 1.03x | 1.47x | 1.28x | 0.96x | 0.72x | — |
| Equity ratio | 31.5% | 31.3% | 32.7% | 35.7% | 40.4% | 44.0% | — |
| Interest coverage | 9.50x | 13.34x | 15.40x | 16.11x | 23.09x | 30.80x | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.1% | -0.3% | -0.3% | -0.1% | -0.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.0% | 21.7% | — |
| Operating income | 36.0% | 25.7% | — |
| Net income | 33.8% | 26.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.3% | 15.1% | 14.9% | — |
| Operating margin | 3.7% | 3.4% | 3.3% | — |
| Net margin | 2.3% | 2.2% | 2.1% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 5.1 | 6.9 | 8.0 | 6.2 | 6.3 | 8.3 |
| Price to sales | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 17.688 | 4.625 | 4.031 | 3.219 |
- 2-for-1 split · 30 Oct 2025
- 2-for-1 split · 30 Oct 2024
- 2-for-1 split · 29 Nov 2022
- 2-for-1 split · 30 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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