A 
940
+0.86%
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
¥21.82bn
FY2017FY2026
Net income
¥1.14bn
FY2017FY2026
Free cash flow
¥829.7m
FY2017FY2026
Shareholders' equity
¥1.12bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥21.82bn | ¥21.07bn | ¥20.60bn | ¥17.18bn | ¥8.00bn | ¥8.94bn | ¥23.07bn | ¥24.58bn | ¥25.72bn | ¥25.97bn |
| Gross profit | ¥13.81bn | ¥13.49bn | ¥13.40bn | ¥11.02bn | ¥4.51bn | ¥5.36bn | ¥15.67bn | ¥16.56bn | ¥17.32bn | ¥17.38bn |
| Operating income | ¥845.4m | ¥263.1m | −¥111.9m | −¥1.73bn | ¥164.3m | −¥3.61bn | ¥45.3m | −¥298.5m | ¥330.1m | ¥313.4m |
| Net income | ¥1.14bn | −¥36.9m | −¥452.9m | −¥1.31bn | ¥31.4m | −¥3.55bn | ¥117.4m | −¥2.03bn | −¥252.4m | ¥124.2m |
| Diluted earnings per share | 88.98 | -2.85 | -35.69 | -104.88 | 2.96 | -350.93 | 11.62 | -281.72 | -35.04 | 17.25 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥8.01bn | ¥7.69bn | ¥8.28bn | ¥9.14bn | ¥9.68bn | ¥10.01bn | ¥10.06bn | ¥10.65bn | ¥13.04bn | ¥13.84bn |
| Cash and short-term investments | ¥1.17bn | ¥920.3m | ¥1.65bn | ¥1.82bn | ¥1.49bn | ¥2.21bn | ¥1.85bn | ¥2.16bn | ¥3.24bn | ¥3.22bn |
| Total liabilities | ¥6.89bn | ¥7.74bn | ¥8.11bn | ¥9.02bn | ¥9.14bn | ¥9.49bn | ¥8.52bn | ¥9.24bn | ¥9.57bn | ¥10.12bn |
| Debt | ¥4.69bn | ¥5.80bn | ¥6.01bn | ¥6.83bn | ¥7.77bn | ¥8.00bn | ¥6.56bn | ¥5.99bn | ¥6.59bn | ¥6.82bn |
| Shareholders' equity | ¥1.12bn | −¥51.5m | ¥112.5m | ¥40.4m | ¥465.8m | ¥449.3m | ¥1.47bn | ¥1.35bn | ¥3.38bn | ¥3.65bn |
| Shares outstanding | 13m | 13m | 13m | 13m | 11m | 10m | 10m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.25bn | ¥541.2m | ¥250.7m | ¥1.02bn | ¥113.3m | −¥3.56bn | ¥21.2m | ¥694.2m | ¥1.11bn | ¥1.64bn |
| Capital spending | −¥418.8m | −¥735.6m | −¥386.7m | −¥516.0m | −¥544.2m | −¥219.1m | −¥680.7m | −¥699.4m | −¥792.1m | −¥1.65bn |
| Free cash flow | ¥829.7m | −¥194.4m | −¥136.0m | ¥507.1m | −¥430.9m | −¥3.77bn | −¥659.5m | −¥5.2m | ¥316.1m | −¥10.0m |
| Dividends paid | — | −¥93.7m | −¥13.0m | −¥59.3m | −¥59.3m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.28bn | ¥5.33bn | ¥5.82bn | ¥5.29bn | ¥5.38bn | ¥5.22bn | ¥5.71bn | ¥5.11bn |
| Gross profit | ¥3.35bn | ¥3.33bn | ¥3.74bn | ¥3.31bn | ¥3.44bn | ¥3.35bn | ¥3.67bn | ¥3.21bn |
| Operating income | ¥91.7m | ¥102.6m | ¥454.8m | ¥113.6m | ¥174.4m | ¥1.4m | ¥246.0m | −¥27.0m |
| Net income | ¥45.8m | ¥38.8m | ¥465.9m | ¥99.6m | ¥530.8m | −¥294.4m | ¥250.0m | −¥70.0m |
| Diluted earnings per share | 3.59 | 3.04 | 35.98 | 7.69 | 40.99 | -22.74 | 19.70 | -5.52 |
| Total assets | ¥7.75bn | ¥8.01bn | ¥7.77bn | ¥7.17bn | ¥7.03bn | ¥7.69bn | ¥8.10bn | ¥7.39bn |
| Cash and short-term investments | ¥839.3m | ¥1.17bn | ¥949.3m | ¥661.8m | ¥582.2m | ¥920.3m | ¥942.1m | ¥582.0m |
| Debt | ¥1.31bn | ¥4.69bn | ¥2.90bn | ¥4.65bn | ¥3.24bn | ¥5.77bn | ¥4.05bn | ¥5.49bn |
| Shareholders' equity | ¥989.1m | ¥1.12bn | ¥1.09bn | ¥603.3m | ¥455.3m | −¥51.5m | ¥270.4m | ¥4.3m |
Financial ratios
Data as of 2 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 63.3% | 64.0% | 65.1% | 64.1% | 56.4% | 59.9% |
| Operating margin | 3.9% | 1.2% | -1.3% | -10.1% | 2.1% | -40.4% |
| Net margin | 5.2% | -0.2% | -2.2% | -7.6% | 0.4% | -39.7% |
| Return on equity | 101.0% | 71.6% | -402.5% | -3246.7% | 6.7% | -789.4% |
| Return on assets | 14.2% | -0.5% | -5.5% | -14.4% | 0.3% | -35.4% |
| Free cash flow yield | 14.0% | 10.6% | 5.4% | 13.2% | 6.7% | -35.4% |
| Revenue growth | 3.6% | 2.3% | 19.9% | 114.8% | -10.6% | -61.2% |
| Earnings growth | -3179.9% | -91.9% | -65.5% | -4278.8% | -100.9% | -3120.0% |
| Current ratio | 0.66x | 0.48x | 0.57x | 0.83x | 0.98x | 0.96x |
| Debt to equity | 4.17x | -111.98x | 53.38x | 168.79x | 16.66x | 17.73x |
| Equity ratio | 14.0% | -0.7% | 1.4% | 0.4% | 4.8% | 4.5% |
| Interest coverage | 8.35x | 2.21x | -2.29x | -14.13x | 1.26x | -41.30x |
| Buybacks as a share of market value | 1.5% | -2.1% | -1.4% | -18.1% | -4.9% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.3% | 19.5% | -0.0% |
| Operating income | — | — | 3.5% |
| Net income | — | — | 8.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.7% | 64.1% | 63.1% | 65.6% |
| Operating margin | 2.6% | -0.9% | -4.3% | -1.5% |
| Net margin | 2.6% | -0.8% | -4.3% | -2.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.5 | -337.3 | -26.3 | -8.5 | 155.2 | -1.3 | 33.4 | -2.1 | -13.8 | 50.0 |
| Price to sales | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.5 | 0.2 | 0.2 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 29 Jan 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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