T 
992
+0.30%
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
¥4.52bn
FY2016FY2025
Net income
¥412.7m
FY2016FY2025
Free cash flow
¥550.7m
FY2016FY2025
Shareholders' equity
¥2.31bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.52bn | ¥3.97bn | ¥4.37bn | ¥4.27bn | ¥3.15bn | ¥2.33bn | ¥3.42bn | ¥3.58bn | ¥2.82bn | ¥2.66bn |
| Gross profit | ¥1.53bn | ¥1.15bn | ¥1.09bn | ¥1.18bn | ¥889.4m | ¥719.7m | ¥1.10bn | ¥1.06bn | ¥717.0m | ¥717.1m |
| Research and development | ¥5.0m | — | — | — | — | — | — | — | — | — |
| Operating income | ¥586.7m | ¥276.6m | ¥196.4m | ¥325.0m | ¥127.5m | −¥60.3m | ¥262.3m | ¥263.9m | ¥34.9m | ¥4.3m |
| Net income | ¥412.7m | ¥212.4m | ¥166.2m | ¥229.2m | ¥113.4m | −¥5.4m | ¥224.6m | ¥178.4m | ¥44.7m | −¥77.0m |
| Diluted earnings per share | 233.71 | 120.30 | 94.14 | 129.81 | 64.21 | -3.08 | 127.20 | 101.04 | 25.32 | -43.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.34bn | ¥3.02bn | ¥2.98bn | ¥2.78bn | ¥2.59bn | ¥2.18bn | ¥2.24bn | ¥2.16bn | ¥1.72bn | ¥1.88bn |
| Cash and short-term investments | ¥725.1m | ¥449.3m | ¥657.6m | ¥573.9m | ¥527.8m | ¥750.1m | ¥338.9m | ¥236.4m | ¥257.8m | ¥353.9m |
| Total liabilities | ¥1.02bn | ¥1.07bn | ¥1.18bn | ¥1.09bn | ¥1.07bn | ¥740.8m | ¥737.6m | ¥839.5m | ¥527.6m | ¥699.7m |
| Debt | ¥302.2m | ¥512.9m | ¥303.7m | ¥200.9m | ¥402.1m | ¥303.3m | ¥205.1m | ¥256.9m | ¥60.3m | ¥224.9m |
| Shareholders' equity | ¥2.31bn | ¥1.96bn | ¥1.80bn | ¥1.69bn | ¥1.52bn | ¥1.44bn | ¥1.50bn | ¥1.32bn | ¥1.19bn | ¥1.18bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥606.6m | −¥336.0m | ¥79.9m | ¥247.8m | −¥328.5m | ¥350.3m | ¥212.0m | −¥144.5m | ¥127.2m | ¥47.0m |
| Capital spending | −¥55.9m | −¥56.5m | −¥13.3m | −¥47.5m | −¥13.2m | −¥9.2m | −¥35.3m | −¥21.8m | −¥10.0m | −¥500,000 |
| Free cash flow | ¥550.7m | −¥392.6m | ¥66.5m | ¥200.3m | −¥341.7m | ¥341.1m | ¥176.7m | −¥166.3m | ¥117.2m | ¥46.5m |
| Dividends paid | −¥61.8m | −¥61.7m | −¥53.0m | −¥47.5m | −¥44.1m | −¥53.0m | −¥47.7m | −¥44.1m | −¥44.2m | −¥44.1m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.16bn | ¥892.9m | ¥982.0m | ¥1.49bn | ¥1.36bn | ¥995.7m | ¥674.0m | ¥1.32bn |
| Gross profit | ¥290.8m | ¥250.2m | ¥287.6m | ¥415.8m | ¥607.4m | ¥317.2m | ¥191.5m | ¥394.1m |
| Operating income | ¥64.0m | ¥9.5m | ¥74.2m | ¥120.4m | ¥374.6m | ¥112.1m | −¥20.5m | ¥185.7m |
| Net income | ¥50.1m | ¥1.2m | ¥54.1m | ¥80.2m | ¥265.7m | ¥81.0m | −¥14.2m | ¥140.7m |
| Diluted earnings per share | 28.36 | 0.69 | 30.67 | 45.42 | 150.47 | 45.85 | -8.03 | 79.67 |
| Cash from operations | — | — | — | ¥606.0m | — | — | — | — |
| Capital spending | — | — | — | −¥55.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥551.0m | — | — | — | — |
| Total assets | ¥3.27bn | ¥3.13bn | ¥2.90bn | ¥3.34bn | ¥3.03bn | ¥3.05bn | ¥2.55bn | ¥3.02bn |
| Cash and short-term investments | ¥710.6m | ¥757.3m | ¥905.6m | ¥725.1m | ¥1.02bn | ¥693.5m | ¥450.3m | ¥449.3m |
| Debt | ¥300.0m | — | ¥90.0m | ¥300.7m | — | ¥450.0m | ¥180.0m | ¥510.7m |
| Shareholders' equity | ¥2.35bn | ¥2.30bn | ¥2.30bn | ¥2.31bn | ¥2.24bn | ¥1.96bn | ¥1.88bn | ¥1.96bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.9% | 29.0% | 25.0% | 27.7% | 28.3% | 30.9% |
| Operating margin | 13.0% | 7.0% | 4.5% | 7.6% | 4.1% | -2.6% |
| Net margin | 9.1% | 5.4% | 3.8% | 5.4% | 3.6% | -0.2% |
| Return on equity | 17.8% | 10.9% | 9.2% | 13.6% | 7.5% | -0.4% |
| Return on assets | 12.4% | 7.0% | 5.6% | 8.3% | 4.4% | -0.2% |
| Free cash flow yield | 37.1% | -15.7% | 5.2% | 16.5% | -17.7% | 20.1% |
| Revenue growth | 13.9% | -9.1% | 2.4% | 35.6% | 35.1% | -31.9% |
| Earnings growth | 94.3% | 27.8% | -27.5% | 102.2% | -2186.3% | -102.4% |
| Current ratio | 3.15x | 2.73x | 2.47x | 2.52x | 2.50x | 3.22x |
| Debt to equity | 0.13x | 0.26x | 0.17x | 0.12x | 0.26x | 0.21x |
| Equity ratio | 69.3% | 64.7% | 60.5% | 60.8% | 58.8% | 66.0% |
| Interest coverage | 299.18x | 134.34x | 586.32x | 808.56x | 132.96x | -67.54x |
| R&D as a share of sales | 0.1% | — | — | — | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | 14.2% | 5.7% |
| Operating income | 21.8% | — | — |
| Net income | 21.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.6% | 28.9% | 29.0% | 28.9% |
| Operating margin | 10.2% | 8.1% | 6.4% | 5.3% |
| Net margin | 7.4% | 6.0% | 5.0% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.0 | 7.1 | 11.0 | 8.0 | 17.5 | -339.5 | 8.8 | 8.6 | 44.4 | -23.6 |
| Price to sales | 0.6 | 0.4 | 0.4 | 0.4 | 0.6 | 0.8 | 0.6 | 0.4 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 70.00 | 35.00 | 30.00 | 27.00 | 25.00 | 3.00 | 27.00 | 25.00 |
- 200-for-1 split · 26 Nov 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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