P 
189
+0.53%
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
¥48.47bn
FY2017FY2026
Net income
¥4.60bn
FY2017FY2026
Free cash flow
¥5.27bn
FY2017FY2026
Shareholders' equity
¥32.16bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥48.47bn | ¥27.88bn | ¥22.55bn | ¥7.02bn | ¥3.71bn | ¥2.97bn | ¥5.45bn | ¥5.08bn | ¥4.66bn | ¥5.26bn |
| Operating income | ¥4.04bn | ¥2.80bn | ¥3.38bn | ¥202.5m | −¥1.53bn | −¥1.98bn | −¥181.3m | −¥358.3m | −¥426.4m | ¥27.0m |
| Net income | ¥4.60bn | ¥2.61bn | ¥3.30bn | ¥534.2m | −¥1.83bn | −¥2.10bn | −¥191.0m | −¥2.96bn | −¥412.9m | ¥47.6m |
| Diluted earnings per share | 19.65 | 11.16 | 14.11 | 4.24 | -15.65 | -35.60 | -3.35 | -55.19 | -27.58 | 3.54 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥69.21bn | ¥67.17bn | ¥23.21bn | ¥24.65bn | ¥12.04bn | ¥5.00bn | ¥3.99bn | ¥5.33bn | ¥5.36bn | ¥4.36bn |
| Cash and short-term investments | ¥7.52bn | ¥7.51bn | ¥3.38bn | ¥4.28bn | ¥2.40bn | ¥1.84bn | ¥1.05bn | — | — | — |
| Total liabilities | ¥37.05bn | ¥38.85bn | ¥16.32bn | ¥21.74bn | ¥11.84bn | ¥5.78bn | ¥3.34bn | ¥4.49bn | ¥4.11bn | ¥2.70bn |
| Debt | ¥29.56bn | ¥31.83bn | ¥11.83bn | ¥17.24bn | ¥9.88bn | ¥4.73bn | ¥2.56bn | ¥3.08bn | ¥3.14bn | ¥1.70bn |
| Shareholders' equity | ¥32.16bn | ¥28.33bn | ¥6.88bn | ¥2.91bn | ¥192.6m | −¥784.4m | ¥651.3m | ¥842.3m | ¥1.25bn | ¥1.66bn |
| Shares outstanding | 234m | 234m | 234m | 126m | 117m | 59m | 57m | 54m | 15m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.81bn | ¥4.29bn | ¥7.74bn | −¥110.0m | −¥7.82bn | −¥1.51bn | ¥138.1m | −¥348.0m | −¥599.0m | ¥310.0m |
| Capital spending | −¥531.3m | −¥480.4m | −¥235.5m | −¥303,000 | −¥2.9m | −¥482.8m | −¥38.0m | −¥154.0m | −¥51.0m | −¥90.0m |
| Free cash flow | ¥5.27bn | ¥3.80bn | ¥7.50bn | −¥110.3m | −¥7.82bn | −¥1.99bn | ¥100.0m | −¥502.0m | −¥650.0m | ¥220.0m |
| Dividends paid | −¥700.4m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.09bn | ¥12.44bn | ¥13.05bn | ¥11.73bn | ¥11.26bn | ¥11.01bn | ¥6.55bn | ¥5.57bn |
| Operating income | ¥647.7m | ¥930.3m | ¥1.17bn | ¥1.01bn | ¥928.9m | ¥965.9m | ¥593.2m | ¥803.0m |
| Net income | ¥131.7m | ¥2.65bn | ¥846.7m | ¥546.1m | ¥550.0m | ¥1.40bn | ¥323.5m | ¥631.9m |
| Diluted earnings per share | 0.56 | 11.34 | 3.62 | 2.33 | 2.35 | 5.98 | 1.38 | 2.70 |
| Total assets | ¥65.23bn | ¥69.21bn | ¥66.96bn | ¥66.52bn | ¥66.50bn | ¥67.17bn | ¥65.30bn | ¥23.22bn |
| Cash and short-term investments | ¥4.66bn | ¥7.52bn | ¥7.60bn | ¥7.42bn | ¥6.29bn | ¥7.51bn | ¥6.61bn | ¥3.81bn |
| Debt | ¥2.78bn | ¥17.19bn | ¥2.06bn | ¥17.92bn | ¥1.53bn | ¥19.68bn | ¥811.5m | ¥7.52bn |
| Shareholders' equity | ¥31.27bn | ¥32.16bn | ¥29.42bn | ¥28.60bn | ¥28.06bn | ¥28.33bn | ¥26.69bn | ¥8.32bn |
Financial ratios
Data as of 19 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2000 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 8.3% | 10.1% | 15.0% | 2.9% | -41.1% | -66.5% | — |
| Net margin | 9.5% | 9.4% | 14.6% | 7.6% | -49.3% | -70.7% | — |
| Return on equity | 14.3% | 9.2% | 47.9% | 18.4% | -950.1% | 267.9% | — |
| Return on assets | 6.6% | 3.9% | 14.2% | 2.2% | -15.2% | -42.0% | — |
| Free cash flow yield | 14.3% | 10.8% | 18.1% | -0.5% | -35.4% | -9.2% | — |
| Revenue growth | 73.8% | 23.7% | 221.3% | 89.0% | 24.9% | -45.5% | — |
| Earnings growth | 76.1% | -20.8% | 517.2% | -129.2% | -12.9% | 999.9% | — |
| Current ratio | 1.52x | 1.59x | 1.38x | 2.71x | 4.28x | 1.34x | — |
| Debt to equity | 0.53x | 0.69x | 1.29x | 4.84x | 50.50x | -5.81x | — |
| Equity ratio | 46.5% | 42.2% | 29.7% | 11.8% | 1.6% | -15.7% | — |
| Interest coverage | 3.41x | 3.90x | 4.62x | 1.02x | -11.37x | -18.05x | — |
| R&D as a share of sales | — | — | — | — | — | — | 22.2% |
| Buybacks as a share of market value | 0.0% | -0.1% | -85.5% | -7.8% | -98.1% | -3.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 90.4% | 74.8% | 23.8% |
| Operating income | 171.3% | — | 36.3% |
| Net income | 104.9% | — | 27.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.0% | 9.8% | 6.2% | 4.4% |
| Net margin | 9.4% | 10.4% | 6.3% | 2.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.7 | 17.0 | 13.0 | 38.9 | -6.1 | -2.0 | -37.0 | -2.8 | -7.3 | 66.0 |
| Price to sales | 0.9 | 1.6 | 1.9 | 3.0 | 3.0 | 1.4 | 1.3 | 1.6 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|
| Paid in the year | 7.00 | 20.00 | 20.00 | 20.00 |
- 10-to-1 reverse split · 28 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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