H 
489
+4.71%
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
¥19.23bn
FY2020FY2026
Net income
¥569.8m
FY2020FY2026
Free cash flow
−¥2.87bn
FY2020FY2026
Shareholders' equity
¥6.26bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥19.23bn | ¥17.36bn | ¥19.73bn | ¥19.85bn | ¥18.44bn | ¥13.43bn | ¥9.99bn |
| Gross profit | ¥3.02bn | ¥2.30bn | ¥1.20bn | ¥2.28bn | ¥2.54bn | ¥2.18bn | ¥1.08bn |
| Operating income | ¥1.05bn | ¥563.7m | −¥570.4m | ¥377.4m | ¥884.4m | ¥725.6m | −¥137.1m |
| Net income | ¥569.8m | ¥387.7m | −¥691.1m | ¥121.0m | ¥476.1m | ¥419.3m | −¥167.7m |
| Diluted earnings per share | 60.56 | 41.35 | -85.94 | 20.20 | 78.93 | 91.35 | -17.83 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥17.93bn | ¥14.48bn | ¥11.64bn | ¥15.08bn | ¥13.28bn | ¥12.02bn | ¥9.16bn |
| Cash and short-term investments | ¥2.91bn | ¥2.85bn | ¥2.66bn | ¥2.35bn | ¥2.20bn | ¥854.2m | ¥1.03bn |
| Total liabilities | ¥11.68bn | ¥8.71bn | ¥8.19bn | ¥10.93bn | ¥9.10bn | ¥8.90bn | ¥6.45bn |
| Debt | ¥10.53bn | ¥7.70bn | ¥7.29bn | ¥9.76bn | ¥8.07bn | ¥7.75bn | ¥5.49bn |
| Shareholders' equity | ¥6.26bn | ¥5.77bn | ¥3.44bn | ¥4.15bn | ¥4.18bn | ¥3.12bn | ¥2.70bn |
| Shares outstanding | 9m | 9m | 8m | 6m | 6m | 5m | 9m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −¥2.84bn | −¥1.91bn | ¥2.90bn | −¥1.36bn | ¥469.3m | −¥2.40bn | −¥2.38bn |
| Capital spending | −¥34.3m | −¥156.2m | −¥109.1m | −¥27.1m | −¥14.7m | −¥21.1m | −¥58.5m |
| Free cash flow | −¥2.87bn | −¥2.07bn | ¥2.79bn | −¥1.39bn | ¥454.6m | −¥2.42bn | −¥2.44bn |
| Dividends paid | −¥93.6m | −¥60.3m | −¥29.9m | −¥149.8m | — | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.83bn | ¥4.35bn | ¥4.51bn | ¥4.54bn | ¥5.23bn | ¥4.94bn | ¥4.29bn | ¥2.90bn |
| Gross profit | ¥967.1m | ¥638.8m | ¥756.8m | ¥653.9m | ¥741.9m | ¥581.1m | ¥640.3m | ¥356.8m |
| Operating income | ¥407.8m | ¥168.3m | ¥276.7m | ¥201.4m | ¥220.0m | ¥134.8m | ¥243.2m | −¥34.2m |
| Net income | ¥242.2m | ¥63.3m | ¥150.4m | ¥114.0m | ¥305.3m | ¥66.6m | ¥171.1m | −¥155.3m |
| Diluted earnings per share | 25.74 | 6.72 | 15.98 | 12.16 | 32.56 | 7.10 | 18.24 | -19.31 |
| Total assets | ¥17.93bn | ¥17.16bn | ¥15.47bn | ¥15.07bn | ¥14.48bn | ¥13.98bn | ¥13.57bn | ¥13.95bn |
| Cash and short-term investments | ¥2.91bn | ¥3.64bn | ¥3.76bn | ¥3.25bn | ¥2.85bn | ¥2.71bn | ¥2.87bn | ¥3.15bn |
| Debt | ¥8.63bn | ¥8.20bn | ¥8.58bn | ¥6.99bn | ¥7.70bn | ¥6.11bn | ¥7.28bn | ¥6.06bn |
| Shareholders' equity | ¥6.26bn | ¥6.01bn | ¥5.95bn | ¥5.79bn | ¥5.77bn | ¥5.46bn | ¥5.40bn | ¥5.23bn |
Financial ratios
Data as of 18 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.7% | 13.3% | 6.1% | 11.5% | 13.8% | 16.3% |
| Operating margin | 5.5% | 3.0% | -3.0% | 1.7% | 4.5% | 5.5% |
| Net margin | 3.0% | 2.2% | -3.5% | 0.6% | 2.6% | 3.1% |
| Return on equity | 9.1% | 6.7% | -20.1% | 2.9% | 11.4% | 13.4% |
| Return on assets | 3.2% | 2.7% | -5.9% | 0.8% | 3.6% | 3.5% |
| Free cash flow yield | -60.0% | -40.6% | 71.7% | -45.1% | 15.5% | -104.1% |
| Revenue growth | 10.7% | -12.0% | -0.6% | 7.6% | 37.4% | 34.4% |
| Earnings growth | 47.0% | -156.1% | -671.3% | -74.6% | 13.6% | -350.0% |
| Current ratio | 1.80x | 1.88x | 1.77x | 1.68x | 1.73x | 1.55x |
| Debt to equity | 1.38x | 1.34x | 2.12x | 2.35x | 1.93x | 2.48x |
| Equity ratio | 34.9% | 39.9% | 29.6% | 27.5% | 31.5% | 26.0% |
| Interest coverage | 4.70x | 3.20x | -3.92x | 2.06x | 6.77x | 8.13x |
| Buybacks as a share of market value | -0.3% | -16.6% | -34.2% | 0.7% | -31.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.1% | 7.4% | — |
| Operating income | 40.8% | 7.8% | — |
| Net income | 67.6% | 6.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.5% | 11.6% | 12.5% | — |
| Operating margin | 4.4% | 1.9% | 2.8% | — |
| Net margin | 2.6% | 0.5% | 1.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 8.1 | 11.2 | -4.1 | 18.4 | 6.6 |
| Price to sales | 0.2 | 0.3 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 20.00 | 5.00 | 25.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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