H 
223
+2.29%
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
¥22.07bn
FY2017FY2026
Net income
¥541.3m
FY2017FY2026
Free cash flow
−¥411.0m
FY2017FY2026
Shareholders' equity
¥7.32bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥22.07bn | ¥22.90bn | ¥17.61bn | ¥14.04bn | ¥13.41bn | ¥12.36bn | ¥11.33bn | ¥10.30bn | ¥9.38bn | ¥8.50bn |
| Gross profit | ¥12.93bn | ¥13.50bn | ¥10.87bn | ¥8.48bn | ¥8.52bn | ¥7.56bn | ¥6.43bn | ¥5.24bn | ¥4.76bn | ¥4.02bn |
| Research and development | — | — | ¥53.3m | ¥39.0m | ¥6.0m | ¥104.0m | ¥29.0m | ¥120.0m | ¥72.8m | ¥26.1m |
| Operating income | ¥900.2m | ¥2.35bn | ¥1.99bn | ¥1.27bn | ¥2.20bn | ¥2.18bn | ¥1.74bn | ¥1.16bn | ¥1.38bn | ¥1.11bn |
| Net income | ¥541.3m | ¥1.28bn | ¥1.12bn | ¥945.4m | ¥1.74bn | ¥1.56bn | ¥1.07bn | ¥821.4m | ¥872.8m | ¥695.8m |
| Diluted earnings per share | 33.83 | 79.87 | 70.35 | 59.38 | 109.63 | 97.57 | 67.83 | 51.83 | 54.37 | 43.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥13.57bn | ¥17.30bn | ¥14.89bn | ¥12.39bn | ¥10.52bn | ¥8.34bn | ¥8.10bn | ¥5.76bn | ¥5.04bn | ¥4.24bn |
| Cash and short-term investments | ¥1.81bn | ¥4.99bn | ¥4.02bn | ¥3.54bn | ¥4.03bn | ¥3.35bn | ¥3.45bn | ¥1.66bn | ¥1.70bn | ¥1.32bn |
| Total liabilities | ¥6.25bn | ¥6.73bn | ¥4.73bn | ¥3.43bn | ¥2.27bn | ¥1.81bn | ¥3.27bn | ¥1.57bn | ¥1.45bn | ¥1.48bn |
| Debt | ¥4.10bn | ¥3.93bn | ¥2.33bn | ¥1.30bn | ¥543.9m | ¥104.1m | ¥1.74bn | ¥500.4m | ¥297.8m | ¥467.9m |
| Shareholders' equity | ¥7.32bn | ¥10.57bn | ¥10.16bn | ¥8.96bn | ¥8.25bn | ¥6.53bn | ¥4.82bn | ¥4.19bn | ¥3.60bn | ¥2.76bn |
| Shares outstanding | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥108.4m | ¥860.4m | ¥885.9m | ¥695.0m | ¥1.19bn | ¥1.94bn | ¥1.93bn | ¥650.8m | ¥1.25bn | ¥575.9m |
| Capital spending | −¥302.7m | −¥783.3m | −¥476.7m | −¥486.5m | −¥1.02bn | −¥351.5m | −¥649.4m | −¥291.0m | −¥437.3m | −¥228.2m |
| Free cash flow | −¥411.0m | ¥77.0m | ¥409.2m | ¥208.5m | ¥168.6m | ¥1.59bn | ¥1.28bn | ¥359.8m | ¥808.3m | ¥347.7m |
| Dividends paid | −¥358.9m | −¥358.4m | −¥358.1m | −¥357.7m | −¥158.8m | −¥110.5m | −¥103.5m | −¥87.5m | −¥70.8m | −¥23.4m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.61bn | ¥5.15bn | ¥5.69bn | ¥5.94bn | ¥5.29bn | ¥5.56bn | ¥6.66bn | ¥6.10bn |
| Gross profit | ¥2.94bn | ¥3.04bn | ¥3.25bn | ¥3.63bn | ¥3.02bn | ¥3.30bn | ¥3.99bn | ¥3.47bn |
| Operating income | −¥14.9m | ¥184.3m | ¥94.3m | ¥534.3m | ¥171.0m | ¥415.7m | ¥917.2m | ¥797.6m |
| Net income | ¥60.0m | ¥244.9m | −¥3.7m | ¥274.2m | ¥25.8m | ¥212.0m | ¥400.2m | ¥563.5m |
| Diluted earnings per share | 3.75 | 15.31 | -0.23 | 17.14 | 1.61 | 13.25 | 25.01 | 35.34 |
| Total assets | ¥14.12bn | ¥13.57bn | ¥14.14bn | ¥19.56bn | ¥16.42bn | ¥17.30bn | ¥18.20bn | ¥16.84bn |
| Cash and short-term investments | ¥1.97bn | ¥1.81bn | ¥2.33bn | ¥5.32bn | ¥4.17bn | ¥4.99bn | ¥4.20bn | ¥3.91bn |
| Debt | ¥4.89bn | ¥4.10bn | ¥4.50bn | ¥5.15bn | ¥3.85bn | ¥3.85bn | ¥3.31bn | ¥3.98bn |
| Shareholders' equity | ¥6.98bn | ¥7.32bn | ¥7.21bn | ¥11.11bn | ¥10.44bn | ¥10.57bn | ¥10.64bn | ¥10.35bn |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 58.6% | 59.0% | 61.7% | 60.4% | 63.5% | 61.2% | — | — |
| Operating margin | 4.1% | 8.8% | 11.6% | 10.0% | 18.4% | 17.4% | — | — |
| Net margin | 2.5% | 5.6% | 6.4% | 6.7% | 13.0% | 12.6% | — | — |
| Return on equity | 7.4% | 12.1% | 11.0% | 10.6% | 21.1% | 23.8% | — | — |
| Return on assets | 4.0% | 7.4% | 7.5% | 7.6% | 16.6% | 18.7% | — | — |
| Free cash flow yield | 4.1% | 34.9% | 29.1% | 25.2% | 47.1% | 48.9% | — | — |
| Revenue growth | -3.6% | 30.0% | 25.5% | 4.7% | 8.5% | 9.2% | — | — |
| Earnings growth | -57.6% | 13.9% | 18.6% | -45.8% | 12.0% | 45.5% | — | — |
| Current ratio | 1.82x | 2.14x | 3.03x | 2.65x | 3.65x | 3.70x | — | — |
| Debt to equity | 0.56x | 0.36x | 0.23x | 0.15x | 0.07x | 0.02x | — | — |
| Equity ratio | 53.9% | 61.1% | 68.2% | 72.3% | 78.4% | 78.3% | — | — |
| Interest coverage | 11.77x | 60.88x | 77.81x | 132.28x | 833.09x | 225.15x | — | — |
| R&D as a share of sales | — | — | 0.3% | 0.3% | 0.0% | 0.8% | 0.3% | 1.2% |
| Buybacks as a share of market value | 0.0% | -0.4% | -0.1% | -0.1% | 0.3% | -1.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.3% | 12.3% | 13.0% |
| Operating income | -10.9% | -16.2% | 7.2% |
| Net income | -17.0% | -19.0% | 7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.8% | 59.7% | 60.4% | 57.3% |
| Operating margin | 7.2% | 8.5% | 10.6% | 11.3% |
| Net margin | 4.0% | 5.1% | 7.0% | 7.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.9 | 6.0 | 8.3 | 7.4 | 2.9 | 6.0 | 13.1 | 13.0 | 8.2 | 19.1 |
| Price to sales | 0.2 | 0.3 | 0.5 | 0.5 | 0.4 | 0.8 | 1.2 | 1.0 | 0.8 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 22.50 | 45.00 | 22.50 | 22.50 | 10.00 | 7.00 | 6.50 | 5.50 |
- 2-for-1 split · 27 Oct 2016
- 4-for-1 split · 25 Feb 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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