T 
863
+0.94%
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
¥11.80bn
FY2017FY2026
Net income
−¥711.4m
FY2017FY2026
Free cash flow
−¥609.3m
FY2017FY2026
Shareholders' equity
¥454.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.80bn | ¥12.89bn | ¥13.69bn | ¥13.42bn | ¥12.67bn | ¥12.34bn | ¥13.56bn | ¥13.96bn | ¥15.00bn | ¥17.58bn |
| Gross profit | ¥2.24bn | ¥2.51bn | ¥2.74bn | ¥2.62bn | ¥2.95bn | ¥2.29bn | ¥2.95bn | ¥3.44bn | ¥3.75bn | ¥4.28bn |
| Operating income | −¥521.3m | ¥530.0m | ¥675.7m | ¥569.2m | ¥397.8m | −¥10.5m | ¥291.8m | ¥522.7m | ¥709.9m | ¥623.2m |
| Net income | −¥711.4m | ¥346.0m | ¥338.3m | ¥239.9m | ¥130.7m | ¥73.2m | ¥57.6m | ¥197.6m | ¥112.2m | ¥43.5m |
| Diluted earnings per share | -198.22 | 90.56 | 89.56 | 63.17 | 34.85 | 19.05 | 12.02 | 41.30 | 23.72 | 9.06 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.23bn | ¥8.73bn | ¥8.84bn | ¥9.43bn | ¥8.56bn | ¥8.91bn | ¥9.50bn | ¥11.92bn | ¥11.43bn | ¥12.92bn |
| Cash and short-term investments | — | ¥1.74bn | ¥2.81bn | — | ¥2.21bn | ¥2.28bn | ¥1.72bn | ¥2.66bn | ¥2.08bn | ¥1.20bn |
| Total liabilities | ¥9.78bn | ¥7.51bn | ¥7.92bn | ¥8.81bn | ¥8.16bn | ¥8.19bn | ¥8.76bn | ¥11.17bn | ¥10.79bn | ¥12.31bn |
| Debt | ¥1.69bn | ¥5.42bn | ¥5.17bn | ¥2.51bn | ¥4.89bn | ¥5.31bn | ¥5.95bn | ¥7.92bn | ¥8.28bn | ¥10.21bn |
| Shareholders' equity | ¥454.0m | ¥1.22bn | ¥915.2m | ¥622.5m | ¥399.0m | ¥724.7m | ¥733.8m | ¥750.1m | ¥639.1m | ¥606.9m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥259.6m | — | — | ¥999.0m | ¥419.0m | ¥2.19bn | ¥929.0m | ¥1.93bn | ¥3.16bn | ¥939.0m |
| Capital spending | −¥349.7m | — | — | −¥254.0m | −¥226.0m | −¥533.0m | −¥544.0m | −¥504.0m | −¥372.0m | −¥782.0m |
| Free cash flow | −¥609.3m | — | — | ¥745.0m | ¥193.0m | ¥1.66bn | ¥385.0m | ¥1.42bn | ¥2.79bn | ¥157.0m |
| Dividends paid | −¥82.7m | — | — | −¥39.0m | −¥60.0m | −¥81.0m | −¥81.0m | −¥81.0m | −¥81.0m | −¥81.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.46bn | ¥2.25bn | ¥2.63bn | ¥2.47bn | ¥4.01bn | ¥2.26bn | ¥4.14bn | ¥2.48bn |
| Gross profit | ¥810.5m | ¥413.2m | ¥526.3m | ¥485.1m | ¥761.8m | ¥402.4m | ¥831.6m | ¥517.3m |
| Operating income | −¥460.9m | −¥59.8m | ¥23.9m | −¥24.5m | ¥313.9m | −¥61.1m | ¥245.8m | ¥31.4m |
| Net income | −¥609.0m | −¥61.6m | ¥29,000 | −¥40.8m | ¥289.9m | −¥59.4m | ¥114.1m | ¥1.4m |
| Diluted earnings per share | -169.70 | -17.17 | 0.01 | -10.55 | 74.97 | -15.50 | 29.89 | 0.37 |
| Total assets | ¥10.23bn | ¥10.52bn | ¥10.23bn | ¥9.47bn | ¥8.73bn | ¥8.51bn | ¥8.29bn | ¥8.35bn |
| Cash and short-term investments | — | — | — | — | ¥1.74bn | — | — | ¥1.64bn |
| Debt | ¥1.69bn | ¥1.83bn | ¥1.67bn | ¥2.02bn | ¥4.15bn | ¥2.53bn | ¥2.54bn | ¥4.40bn |
| Shareholders' equity | ¥454.0m | ¥1.06bn | ¥1.16bn | ¥1.13bn | ¥1.22bn | ¥926.9m | ¥1.02bn | ¥884.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | 19.5% | 23.3% | 18.5% | 21.8% | 24.6% | 25.0% |
| Operating margin | — | — | 4.2% | 3.1% | -0.1% | 2.2% | 4.2% | 4.3% |
| Net margin | — | — | 1.8% | 1.0% | 0.6% | 0.4% | 1.4% | 0.7% |
| Return on equity | — | — | 38.5% | 32.8% | 10.1% | 7.8% | 26.3% | 17.6% |
| Return on assets | — | — | 2.5% | 1.5% | 0.8% | 0.6% | 1.7% | 1.0% |
| Free cash flow yield | — | — | 38.7% | 20.2% | 83.0% | 36.0% | 59.5% | 87.5% |
| Revenue growth | — | — | 5.9% | 2.7% | -9.0% | -2.9% | -6.9% | -14.7% |
| Earnings growth | — | — | 83.6% | 78.5% | 27.2% | -70.9% | 76.1% | 158.1% |
| Current ratio | — | — | 1.15x | 1.16x | 1.21x | 1.00x | 1.13x | 1.15x |
| Debt to equity | — | — | 4.03x | 11.78x | 6.91x | 7.71x | 10.12x | 12.95x |
| Equity ratio | — | — | 6.6% | 4.7% | 8.1% | 7.7% | 6.3% | 5.6% |
| Interest coverage | — | — | 5.68x | 3.90x | -0.11x | 2.61x | 4.58x | — |
| Buybacks as a share of market value | -0.9% | -0.9% | -1.3% | 2.5% | 19.8% | -0.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.2% | -0.9% | -1.7% |
| Operating income | — | 118.6% | — |
| Net income | — | — | 20.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.2% | 19.5% | 20.0% | 22.2% |
| Operating margin | 0.0% | 2.4% | 2.1% | 2.7% |
| Net margin | -1.5% | 0.4% | 0.5% | 0.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | 10.4 | 8.8 | 8.2 | 8.9 | 15.8 | 28.3 | 9.5 | 14.3 | 46.6 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 9.00 | 25.00 | 15.00 | 10.00 | 13.20 | 16.40 | 16.40 | 16.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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