M 
854
+4.66%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥106.85bn
FY2017FY2026
Net income
¥2.79bn
FY2017FY2026
Free cash flow
¥1.60bn
FY2017FY2026
Shareholders' equity
¥12.45bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥106.85bn | ¥82.41bn | ¥82.07bn | ¥84.59bn | ¥89.10bn | ¥62.06bn | ¥42.75bn | ¥50.67bn | ¥56.79bn | ¥52.87bn |
| Gross profit | ¥7.40bn | ¥2.33bn | ¥3.12bn | ¥2.09bn | ¥2.57bn | ¥4.58bn | ¥1.92bn | ¥1.01bn | ¥1.94bn | ¥3.32bn |
| Research and development | — | ¥5.9m | ¥3.0m | ¥421,000 | — | — | — | — | — | — |
| Operating income | ¥4.45bn | ¥117.0m | ¥1.45bn | ¥532.8m | ¥862.1m | ¥3.20bn | ¥646.8m | −¥244.5m | ¥745.0m | ¥2.10bn |
| Net income | ¥2.79bn | −¥203.0m | ¥532.5m | ¥170.3m | ¥547.1m | ¥1.35bn | ¥378.3m | −¥230.6m | ¥463.0m | ¥1.04bn |
| Diluted earnings per share | 197.20 | -14.36 | 37.71 | 12.07 | 38.46 | 95.35 | 26.70 | -16.30 | 32.34 | 72.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥33.46bn | ¥25.71bn | ¥26.66bn | ¥25.10bn | ¥25.77bn | ¥23.64bn | ¥16.74bn | ¥17.83bn | ¥18.07bn | ¥17.31bn |
| Cash and short-term investments | ¥4.07bn | ¥1.64bn | ¥1.54bn | ¥1.26bn | ¥1.28bn | ¥1.81bn | ¥2.09bn | ¥2.02bn | ¥2.21bn | ¥2.15bn |
| Total liabilities | ¥21.00bn | ¥16.49bn | ¥17.17bn | ¥16.00bn | ¥16.55bn | ¥14.96bn | ¥9.19bn | ¥10.49bn | ¥10.09bn | ¥9.57bn |
| Debt | ¥14.57bn | ¥13.18bn | ¥12.79bn | ¥12.68bn | ¥13.63bn | ¥11.48bn | ¥7.40bn | ¥8.52bn | ¥7.97bn | ¥6.90bn |
| Shareholders' equity | ¥12.45bn | ¥9.22bn | ¥9.48bn | ¥9.10bn | ¥9.22bn | ¥8.68bn | ¥7.55bn | ¥7.34bn | ¥7.98bn | ¥7.74bn |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.97bn | ¥2.32bn | ¥828.0m | ¥1.60bn | −¥2.07bn | −¥3.90bn | ¥1.50bn | −¥49.1m | −¥603.3m | −¥503.2m |
| Capital spending | −¥369.8m | −¥749.2m | −¥288.0m | −¥349.7m | −¥228.3m | −¥209.5m | −¥141.1m | −¥393.4m | −¥161.9m | −¥23.1m |
| Free cash flow | ¥1.60bn | ¥1.57bn | ¥540.0m | ¥1.25bn | −¥2.30bn | −¥4.11bn | ¥1.36bn | −¥442.6m | −¥765.2m | −¥526.3m |
| Dividends paid | −¥424.5m | −¥282.5m | −¥282.4m | −¥283.6m | −¥248.7m | −¥212.9m | −¥211.9m | −¥213.7m | −¥179.2m | −¥72.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥33.35bn | ¥27.90bn | ¥24.49bn | ¥21.10bn | ¥20.42bn | ¥18.93bn | ¥21.71bn | ¥21.35bn |
| Gross profit | ¥2.01bn | ¥1.55bn | ¥2.48bn | ¥1.36bn | ¥1.08bn | ¥341.0m | ¥437.0m | ¥472.0m |
| Operating income | ¥1.04bn | ¥888.7m | ¥1.78bn | ¥735.5m | ¥492.0m | −¥210.6m | −¥172.5m | ¥14.0m |
| Net income | ¥513.1m | ¥596.1m | ¥1.28bn | ¥407.1m | ¥185.0m | −¥210.5m | −¥210.4m | ¥32.0m |
| Diluted earnings per share | 36.24 | 42.11 | 90.09 | 28.80 | 13.09 | -14.89 | -14.89 | 2.27 |
| Total assets | ¥33.46bn | ¥35.80bn | ¥30.31bn | ¥27.11bn | ¥25.71bn | ¥24.34bn | ¥26.82bn | ¥27.50bn |
| Cash and short-term investments | ¥4.07bn | ¥1.22bn | ¥1.10bn | ¥1.08bn | ¥1.64bn | ¥1.16bn | ¥6.05bn | ¥2.11bn |
| Debt | ¥10.25bn | ¥13.65bn | ¥14.12bn | ¥9.34bn | ¥12.77bn | ¥7.14bn | ¥14.90bn | ¥12.95bn |
| Shareholders' equity | ¥12.45bn | ¥12.01bn | ¥11.31bn | ¥9.55bn | ¥9.22bn | ¥8.92bn | ¥9.25bn | ¥9.15bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 2.8% | 3.8% | 2.5% | 2.9% | 7.4% | 4.5% |
| Operating margin | 0.1% | 1.9% | 0.6% | 1.0% | 5.2% | 1.5% |
| Net margin | -0.2% | 0.6% | 0.2% | 0.6% | 2.2% | 0.9% |
| Return on equity | -2.2% | 5.6% | 1.9% | 5.9% | 15.6% | 5.0% |
| Return on assets | -0.8% | 2.0% | 0.7% | 2.1% | 5.7% | 2.3% |
| Free cash flow yield | 17.0% | 6.2% | 10.8% | -10.1% | -20.4% | 9.1% |
| Revenue growth | 0.4% | -3.0% | -5.1% | 43.6% | 45.2% | -15.6% |
| Earnings growth | -138.1% | 212.8% | -68.9% | -59.6% | 257.9% | -264.0% |
| Current ratio | 1.72x | 1.57x | 1.59x | 1.61x | 1.66x | 1.92x |
| Debt to equity | 1.39x | 1.35x | 1.39x | 1.48x | 1.32x | 0.98x |
| Equity ratio | 35.9% | 35.6% | 36.2% | 35.8% | 36.7% | 45.1% |
| Interest coverage | 0.64x | 16.14x | 4.20x | 6.93x | 43.15x | 9.88x |
| R&D as a share of sales | 0.0% | 0.0% | 0.0% | — | — | — |
| Buybacks as a share of market value | -0.1% | -0.1% | 0.8% | -0.2% | -0.2% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 11.5% | 9.5% |
| Operating income | 102.8% | 6.8% | — |
| Net income | 154.0% | 15.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.1% | 4.2% | 4.4% | 4.1% |
| Operating margin | 2.4% | 1.8% | 2.1% | 1.8% |
| Net margin | 1.4% | 0.9% | 1.0% | 0.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.7 | -46.0 | 14.5 | 48.5 | 15.1 | 6.8 | 27.2 | -33.4 | 12.7 | 8.7 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 30.00 | 20.00 | 20.00 | 17.50 | 15.00 | 15.00 | 15.00 |
- 2-for-1 split · 26 Feb 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.