F 
196
+3.16%
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
¥2.62bn
FY2017FY2026
Net income
¥72.9m
FY2017FY2026
Free cash flow
¥158.1m
FY2017FY2026
Shareholders' equity
¥294.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.62bn | ¥2.46bn | ¥2.65bn | ¥2.81bn | ¥3.12bn | ¥3.06bn | ¥3.35bn | ¥3.39bn | ¥3.31bn | ¥3.23bn |
| Gross profit | ¥1.28bn | ¥1.03bn | ¥1.30bn | ¥1.20bn | ¥1.18bn | ¥962.0m | ¥2.01bn | ¥2.05bn | ¥1.95bn | ¥1.86bn |
| Operating income | ¥189.5m | −¥130.8m | ¥112.5m | −¥285.0m | −¥1.93bn | −¥553.2m | ¥539.9m | ¥713.5m | ¥649.4m | ¥606.6m |
| Net income | ¥72.9m | −¥183.6m | ¥66.3m | −¥284.3m | −¥1.95bn | −¥374.7m | ¥345.4m | ¥441.7m | ¥420.7m | ¥394.6m |
| Diluted earnings per share | 5.75 | -14.48 | 5.23 | -22.47 | -153.41 | -58.93 | 54.35 | 68.52 | 33.19 | 31.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.98bn | ¥4.18bn | ¥4.63bn | ¥4.94bn | ¥5.46bn | ¥7.73bn | ¥8.71bn | ¥4.28bn | ¥2.68bn | ¥2.24bn |
| Cash and short-term investments | ¥546.6m | ¥758.9m | ¥781.5m | ¥975.8m | ¥1.07bn | ¥668.5m | ¥1.92bn | ¥1.95bn | ¥2.13bn | ¥1.71bn |
| Total liabilities | ¥3.69bn | ¥3.96bn | ¥4.22bn | ¥4.59bn | ¥4.82bn | ¥5.12bn | ¥5.62bn | ¥1.55bn | ¥395.9m | ¥380.0m |
| Debt | ¥3.45bn | ¥3.72bn | ¥3.99bn | ¥4.26bn | ¥4.53bn | ¥4.80bn | ¥5.00bn | ¥1.15bn | — | — |
| Shareholders' equity | ¥294.9m | ¥222.0m | ¥405.6m | ¥349.7m | ¥643.2m | ¥2.61bn | ¥3.10bn | ¥2.73bn | ¥2.28bn | ¥1.86bn |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 6m | 6m | 6m | 13m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥159.5m | ¥249.1m | ¥71.3m | ¥189.2m | ¥738.5m | −¥278.7m | ¥205.9m | ¥300.0m | ¥423.6m | ¥402.3m |
| Capital spending | −¥1.4m | −¥1.4m | — | −¥712,000 | −¥48.4m | −¥667.0m | −¥4.09bn | −¥1.61bn | −¥10.4m | −¥9.5m |
| Free cash flow | ¥158.1m | ¥247.7m | ¥71.3m | ¥188.4m | ¥690.1m | −¥945.7m | −¥3.89bn | −¥1.31bn | ¥413.2m | ¥392.8m |
| Dividends paid | — | — | −¥8,000 | — | −¥19.1m | −¥19.3m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥612.0m | ¥663.3m | ¥689.2m | ¥649.2m | ¥622.4m | ¥594.9m | ¥705.0m | ¥580.1m |
| Gross profit | ¥284.8m | ¥334.9m | ¥338.3m | ¥311.8m | ¥296.4m | ¥244.7m | ¥331.4m | ¥208.0m |
| Operating income | −¥9.1m | ¥32.9m | ¥54.8m | ¥37.8m | ¥4.6m | −¥24.3m | ¥29.1m | −¥79.9m |
| Net income | −¥25.3m | ¥18.3m | ¥40.8m | ¥24.2m | −¥10.4m | −¥57.2m | ¥26.7m | −¥92.9m |
| Diluted earnings per share | -2.00 | 1.44 | 3.22 | 1.91 | -0.82 | -4.52 | 2.11 | -7.33 |
| Total assets | ¥3.88bn | ¥3.98bn | ¥3.98bn | ¥4.03bn | ¥4.08bn | ¥4.18bn | ¥4.28bn | ¥4.31bn |
| Cash and short-term investments | ¥519.5m | ¥546.6m | ¥492.1m | ¥534.0m | ¥609.5m | ¥758.9m | ¥774.7m | ¥707.7m |
| Debt | ¥270.4m | ¥3.45bn | ¥270.4m | ¥3.58bn | ¥270.4m | ¥3.72bn | ¥270.4m | ¥3.85bn |
| Shareholders' equity | ¥269.6m | ¥294.9m | ¥276.6m | ¥235.8m | ¥211.6m | ¥222.0m | ¥279.2m | ¥252.5m |
Financial ratios
Data as of 24 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 48.8% | 41.9% | 49.1% | 42.6% | 37.8% | 31.4% | — |
| Operating margin | 5.0% | -5.3% | 4.3% | -8.4% | -61.6% | -15.1% | — |
| Net margin | 2.8% | -7.4% | 2.5% | -10.1% | -62.4% | -12.2% | — |
| Return on equity | 24.7% | -82.7% | 16.4% | -81.3% | -303.0% | -14.3% | — |
| Return on assets | 1.8% | -4.4% | 1.4% | -5.8% | -35.7% | -4.8% | — |
| Free cash flow yield | 6.0% | 9.4% | — | 7.1% | 29.4% | 28.9% | 320.6% |
| Revenue growth | 6.5% | -6.9% | -5.8% | -10.0% | 2.0% | -8.5% | — |
| Earnings growth | -139.7% | -376.7% | -123.3% | -85.4% | 420.2% | -208.5% | — |
| Current ratio | 2.14x | 2.28x | 2.73x | 2.41x | 3.08x | 2.92x | — |
| Debt to equity | 11.68x | 16.74x | 9.83x | 12.17x | 7.04x | 1.84x | — |
| Equity ratio | 7.4% | 5.3% | 8.8% | 7.1% | 11.8% | 33.8% | — |
| Interest coverage | 2.19x | -2.54x | 2.52x | -4.96x | -48.61x | -55.14x | — |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.2% | 0.4% | -99.8% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.3% | -3.0% | -1.4% |
| Operating income | — | — | -9.3% |
| Net income | — | — | -13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.5% | 45.6% | 41.6% | 50.1% |
| Operating margin | 1.2% | -1.1% | -15.5% | 1.3% |
| Net margin | -2.2% | -3.1% | -15.9% | -2.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.9 | -15.4 | 21.0 | -6.1 | -0.8 | -3.5 | 5.4 | 9.2 | 14.7 | 26.9 |
| Price to sales | 0.9 | 1.1 | 0.5 | 0.6 | 0.5 | 0.4 | 0.6 | 1.2 | 1.9 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Mar 2023.
| FY2023 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 1.50 | 1.50 | 1.50 |
- 2-for-1 split · 29 Sept 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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