D 
874
+0.11%
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
¥78.50bn
FY2016FY2025
Net income
¥5.32bn
FY2016FY2025
Free cash flow
¥14.13bn
FY2016FY2025
Shareholders' equity
¥28.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥78.50bn | ¥46.88bn | ¥43.50bn | ¥51.91bn | ¥26.37bn | ¥27.65bn | ¥19.87bn | ¥20.76bn | ¥16.48bn | ¥10.70bn |
| Gross profit | ¥10.78bn | ¥7.09bn | ¥8.56bn | ¥8.72bn | ¥5.36bn | ¥3.97bn | ¥4.34bn | ¥4.07bn | ¥3.31bn | ¥2.58bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Operating income | ¥8.05bn | ¥4.62bn | ¥6.24bn | ¥5.94bn | ¥4.02bn | ¥2.73bn | −¥13.14bn | −¥15.04bn | ¥2.07bn | ¥1.62bn |
| Net income | ¥5.32bn | ¥3.17bn | ¥4.30bn | ¥4.20bn | ¥2.69bn | ¥1.85bn | ¥2.36bn | ¥2.52bn | ¥1.33bn | ¥1.02bn |
| Diluted earnings per share | 118.22 | 73.00 | 98.02 | 95.88 | 70.33 | 47.79 | 60.74 | 62.92 | 37.68 | 32.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥47.38bn | ¥47.06bn | ¥41.71bn | ¥36.46bn | ¥27.74bn | ¥25.09bn | ¥25.34bn | ¥23.10bn | ¥17.81bn | ¥13.79bn |
| Cash and short-term investments | ¥27.42bn | ¥18.69bn | ¥21.89bn | ¥19.85bn | ¥14.59bn | ¥13.47bn | ¥9.84bn | ¥13.10bn | ¥7.12bn | ¥4.78bn |
| Total liabilities | ¥18.88bn | ¥21.99bn | ¥17.55bn | ¥15.20bn | ¥12.13bn | ¥11.31bn | ¥12.25bn | ¥10.78bn | ¥9.94bn | ¥8.27bn |
| Debt | ¥15.17bn | ¥18.85bn | ¥13.86bn | ¥11.85bn | ¥9.81bn | ¥8.83bn | ¥10.66bn | ¥8.73bn | ¥8.73bn | ¥7.38bn |
| Shareholders' equity | ¥28.10bn | ¥24.69bn | ¥23.78bn | ¥20.87bn | ¥15.21bn | ¥13.78bn | ¥13.09bn | ¥12.32bn | ¥7.54bn | ¥5.25bn |
| Shares outstanding | 45m | 43m | 44m | 44m | 38m | 39m | 39m | 40m | 35m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥14.14bn | −¥5.93bn | ¥1.36bn | ¥5.04bn | ¥1.75bn | ¥6.35bn | −¥3.17bn | ¥2.43bn | ¥601.2m | −¥2.73bn |
| Capital spending | −¥5.0m | −¥59.0m | −¥62.0m | −¥136.0m | −¥33.0m | −¥1.0m | −¥28.0m | −¥5.7m | −¥18.8m | −¥5.3m |
| Free cash flow | ¥14.13bn | −¥5.99bn | ¥1.30bn | ¥4.91bn | ¥1.72bn | ¥6.35bn | −¥3.19bn | ¥2.43bn | ¥582.3m | −¥2.74bn |
| Dividends paid | −¥2.04bn | −¥1.80bn | −¥1.89bn | −¥1.13bn | −¥737.0m | −¥1.05bn | −¥1.12bn | −¥574.6m | −¥359.0m | −¥450.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.14bn | ¥11.45bn | ¥2.54bn | ¥43.05bn | ¥9.27bn | ¥14.74bn | ¥11.45bn | ¥30.33bn |
| Gross profit | ¥2.89bn | ¥1.48bn | ¥245.0m | ¥5.61bn | ¥1.77bn | ¥1.83bn | ¥1.57bn | ¥4.27bn |
| Operating income | ¥2.37bn | ¥775.0m | −¥372.0m | ¥4.82bn | ¥929.0m | ¥1.03bn | ¥945.0m | ¥3.51bn |
| Net income | ¥1.54bn | ¥727.0m | −¥425.0m | ¥3.28bn | ¥641.0m | ¥720.0m | ¥682.0m | ¥2.41bn |
| Diluted earnings per share | 30.66 | 14.44 | -9.44 | 72.82 | 14.24 | 16.00 | 15.71 | 55.50 |
| Cash from operations | — | — | — | ¥14.14bn | — | — | — | — |
| Capital spending | — | — | — | −¥5.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥14.13bn | — | — | — | — |
| Total assets | ¥70.65bn | ¥68.05bn | ¥57.26bn | ¥47.38bn | ¥63.77bn | ¥59.49bn | ¥46.96bn | ¥47.06bn |
| Cash and short-term investments | ¥20.73bn | ¥21.32bn | ¥26.77bn | ¥27.42bn | ¥16.15bn | ¥14.78bn | ¥16.57bn | ¥18.69bn |
| Debt | ¥4.16bn | ¥32.80bn | ¥3.54bn | ¥15.17bn | ¥4.90bn | ¥32.55bn | ¥4.57bn | ¥3.61bn |
| Shareholders' equity | ¥34.09bn | ¥32.55bn | ¥31.71bn | ¥28.10bn | ¥24.85bn | ¥24.18bn | ¥23.34bn | ¥24.69bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 13.7% | 15.1% | 19.7% | 16.8% | 20.3% | 14.4% | — | — |
| Operating margin | 10.3% | 9.9% | 14.3% | 11.4% | 15.2% | 9.9% | — | — |
| Net margin | 6.8% | 6.8% | 9.9% | 8.1% | 10.2% | 6.7% | — | — |
| Return on equity | 18.9% | 12.8% | 18.1% | 20.1% | 17.7% | 13.4% | — | — |
| Return on assets | 11.2% | 6.7% | 10.3% | 11.5% | 9.7% | 7.4% | — | — |
| Free cash flow yield | 28.5% | -12.3% | 3.0% | 10.7% | 4.2% | 14.9% | — | — |
| Revenue growth | 67.5% | 7.8% | -16.2% | 96.9% | -4.6% | 39.2% | — | — |
| Earnings growth | 67.8% | -26.3% | 2.5% | 56.3% | 45.1% | -21.7% | — | — |
| Current ratio | 7.33x | 6.95x | 7.90x | 7.70x | 6.52x | 7.48x | — | — |
| Debt to equity | 0.54x | 0.76x | 0.58x | 0.57x | 0.65x | 0.64x | — | — |
| Equity ratio | 59.3% | 52.5% | 57.0% | 57.2% | 54.8% | 54.9% | — | — |
| Interest coverage | 22.62x | 22.99x | 40.01x | 29.68x | 38.62x | 22.34x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -3.6% | 1.1% | -0.3% | -14.7% | 1.4% | 0.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.8% | 23.2% | 26.1% |
| Operating income | 10.7% | 24.2% | 17.8% |
| Net income | 8.2% | 23.5% | 15.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.3% | 15.9% | 16.2% | 17.4% |
| Operating margin | 10.1% | 11.3% | 11.5% | 2.5% |
| Net margin | 6.8% | 7.7% | 7.8% | 8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | 14.1 | 9.3 | 6.4 | 7.8 | 8.6 | 9.7 | 6.7 | 18.0 | 11.6 |
| Price to sales | 0.7 | 0.9 | 0.9 | 0.5 | 0.8 | 0.6 | 1.1 | 0.8 | 1.4 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 125.00 | 86.00 | 42.00 | 28.00 | 19.00 | 24.00 | 28.00 | 17.00 |
- 4-for-1 split · 28 Sept 2015
- 2-for-1 split · 26 Dec 2014
- 100-for-1 split · 27 Mar 2013
- 3-for-1 split · 25 Sept 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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