B 
137
+3.01%
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
¥5.65bn
FY2017FY2026
Net income
¥207.9m
FY2017FY2026
Free cash flow
−¥340.8m
FY2017FY2026
Shareholders' equity
¥2.77bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.65bn | ¥5.60bn | ¥4.68bn | ¥4.34bn | ¥3.92bn | ¥3.55bn | ¥3.95bn | ¥4.15bn | ¥3.88bn | ¥4.22bn |
| Gross profit | ¥1.24bn | ¥1.22bn | ¥1.04bn | ¥940.7m | ¥872.5m | ¥748.6m | ¥874.5m | ¥903.9m | ¥826.2m | ¥970.0m |
| Operating income | ¥280.0m | ¥343.9m | ¥272.4m | ¥212.6m | ¥174.3m | ¥43.6m | −¥40.9m | ¥186.9m | ¥94.7m | ¥183.3m |
| Net income | ¥207.9m | ¥250.0m | ¥184.1m | ¥155.8m | ¥141.0m | ¥27.2m | −¥243.0m | ¥51.1m | ¥51.8m | ¥168.5m |
| Diluted earnings per share | 13.58 | 16.33 | 12.02 | 10.17 | 8.86 | 1.70 | -14.51 | 3.05 | 2.86 | 9.29 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.46bn | ¥8.87bn | ¥8.70bn | ¥9.05bn | ¥9.14bn | ¥9.28bn | ¥8.28bn | ¥6.97bn | ¥6.81bn | ¥7.29bn |
| Cash and short-term investments | ¥1.09bn | ¥1.10bn | ¥837.4m | ¥1.42bn | ¥1.52bn | ¥1.52bn | ¥1.38bn | ¥1.02bn | ¥895.5m | ¥1.18bn |
| Total liabilities | ¥6.67bn | ¥6.21bn | ¥6.21bn | ¥6.60bn | ¥6.80bn | ¥7.03bn | ¥5.95bn | ¥4.36bn | ¥4.03bn | ¥4.50bn |
| Debt | ¥3.53bn | ¥3.11bn | ¥3.29bn | ¥3.64bn | ¥3.84bn | ¥4.04bn | ¥3.29bn | ¥1.89bn | ¥1.87bn | ¥2.34bn |
| Shareholders' equity | ¥2.77bn | ¥2.64bn | ¥2.47bn | ¥2.43bn | ¥2.32bn | ¥2.25bn | ¥2.32bn | ¥2.60bn | ¥2.78bn | ¥2.80bn |
| Shares outstanding | 15m | 15m | 15m | 15m | 16m | 16m | 17m | 17m | 18m | 18m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥97.9m | ¥514.0m | ¥65.5m | ¥334.8m | ¥301.0m | ¥483.9m | ¥146.1m | ¥587.2m | ¥39.5m | ¥279.6m |
| Capital spending | −¥438.7m | −¥16.4m | −¥237.5m | −¥169.1m | −¥82.2m | −¥943.2m | −¥1.23bn | −¥522.6m | −¥21.3m | −¥337.5m |
| Free cash flow | −¥340.8m | ¥497.6m | −¥172.0m | ¥165.7m | ¥218.8m | −¥459.3m | −¥1.08bn | ¥64.6m | ¥18.2m | −¥57.9m |
| Dividends paid | −¥76.0m | −¥60.9m | −¥63.3m | −¥47.5m | −¥32.1m | −¥33.2m | −¥33.2m | −¥36.3m | −¥72.1m | −¥71.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.22bn | ¥1.71bn | ¥1.47bn | ¥1.31bn | ¥1.16bn | ¥1.49bn | ¥1.60bn | ¥1.24bn |
| Gross profit | ¥301.8m | ¥363.8m | ¥329.1m | ¥327.5m | ¥306.6m | ¥362.9m | ¥317.0m | ¥315.7m |
| Operating income | ¥31.6m | ¥97.3m | ¥54.4m | ¥78.4m | ¥68.6m | ¥100.8m | ¥89.5m | ¥76.3m |
| Net income | ¥21.5m | ¥66.3m | ¥40.8m | ¥56.3m | ¥44.5m | ¥82.1m | ¥62.4m | ¥54.3m |
| Diluted earnings per share | 1.41 | 4.33 | 2.66 | 3.68 | 2.91 | 5.36 | 4.08 | 3.54 |
| Total assets | ¥9.24bn | ¥9.46bn | ¥9.15bn | ¥8.81bn | ¥8.64bn | ¥8.87bn | ¥8.77bn | ¥8.73bn |
| Cash and short-term investments | ¥927.2m | ¥1.09bn | ¥822.7m | ¥969.1m | ¥951.4m | ¥1.10bn | ¥943.0m | ¥935.8m |
| Debt | ¥745.4m | ¥3.51bn | ¥546.0m | ¥3.05bn | ¥477.5m | ¥3.10bn | ¥480.5m | ¥3.18bn |
| Shareholders' equity | ¥2.71bn | ¥2.77bn | ¥2.70bn | ¥2.66bn | ¥2.61bn | ¥2.64bn | ¥2.58bn | ¥2.51bn |
Financial ratios
Data as of 27 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2007 | FY2006 | FY2005 | FY2002 | FY2001 | FY2000 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 21.9% | 21.7% | 22.3% | 21.7% | 22.2% | 21.1% | — | — | — | — | — | — |
| Operating margin | 5.0% | 6.1% | 5.8% | 4.9% | 4.4% | 1.2% | — | — | — | — | — | — |
| Net margin | 3.7% | 4.5% | 3.9% | 3.6% | 3.6% | 0.8% | — | — | — | — | — | — |
| Return on equity | 7.5% | 9.5% | 7.5% | 6.4% | 6.1% | 1.2% | — | — | — | — | — | — |
| Return on assets | 2.2% | 2.8% | 2.1% | 1.7% | 1.5% | 0.3% | — | — | — | — | — | — |
| Free cash flow yield | 24.3% | 24.1% | 13.7% | 22.9% | 16.7% | 62.0% | — | — | — | — | — | — |
| Revenue growth | 0.9% | 19.6% | 8.1% | 10.5% | 10.6% | -10.3% | — | — | — | — | — | — |
| Earnings growth | -16.9% | 35.8% | 18.2% | 10.5% | 418.0% | -111.2% | — | — | — | — | — | — |
| Current ratio | 1.48x | 1.40x | 1.39x | 1.60x | 1.44x | 1.51x | — | — | — | — | — | — |
| Debt to equity | 1.27x | 1.18x | 1.33x | 1.52x | 1.65x | 1.80x | — | — | — | — | — | — |
| Equity ratio | 29.3% | 29.7% | 28.4% | 26.9% | 25.4% | 24.2% | — | — | — | — | — | — |
| Interest coverage | 8.26x | 11.02x | 8.39x | 6.31x | 4.90x | 1.27x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.7% | 0.3% | 0.4% | 0.5% | 1.0% | 1.8% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 3.8% | 0.4% | 4.6% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.3% | 9.8% | 2.7% |
| Operating income | 9.6% | 45.0% | 3.9% |
| Net income | 10.1% | 50.2% | 3.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.8% | 21.9% | 21.8% | 21.9% |
| Operating margin | 5.5% | 5.5% | 4.8% | 4.0% |
| Net margin | 4.1% | 3.9% | 3.5% | 2.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | 9.4 | 11.4 | 13.2 | 13.8 | 71.0 | -8.3 | 44.3 | 36.4 | 21.8 |
| Price to sales | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 4.00 | 4.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- 2-to-1 reverse split · 28 Sept 2016
- 10-to-1 reverse split · 28 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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