M 
1,450
-3.20%
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
¥68.26bn
FY2016FY2025
Net income
¥6.66bn
FY2016FY2025
Free cash flow
−¥10.58bn
FY2016FY2025
Shareholders' equity
¥35.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥68.26bn | ¥62.19bn | ¥51.64bn | ¥31.24bn | ¥33.96bn | ¥34.86bn | ¥39.68bn | ¥53.93bn | ¥63.57bn | ¥57.49bn |
| Gross profit | ¥18.28bn | ¥16.57bn | ¥11.41bn | ¥7.15bn | ¥5.79bn | ¥5.86bn | ¥6.47bn | ¥9.85bn | ¥11.40bn | ¥10.33bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Operating income | ¥11.08bn | ¥9.62bn | ¥5.94bn | ¥2.98bn | ¥2.34bn | ¥2.46bn | ¥3.16bn | ¥5.99bn | ¥7.12bn | ¥6.31bn |
| Net income | ¥6.66bn | ¥6.09bn | ¥3.65bn | ¥1.56bn | ¥1.28bn | ¥599.0m | ¥1.69bn | ¥3.36bn | ¥4.28bn | ¥2.93bn |
| Diluted earnings per share | 282.84 | 259.95 | 153.97 | 66.21 | 52.95 | 24.98 | 70.35 | 137.76 | 175.57 | 120.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥106.70bn | ¥87.50bn | ¥80.36bn | ¥77.45bn | ¥62.78bn | ¥62.49bn | ¥68.51bn | ¥66.76bn | ¥59.21bn | ¥58.15bn |
| Cash and short-term investments | ¥20.72bn | ¥22.02bn | ¥20.42bn | ¥17.75bn | ¥17.57bn | ¥16.07bn | ¥13.71bn | ¥10.52bn | ¥13.27bn | ¥8.83bn |
| Total liabilities | ¥70.89bn | ¥55.43bn | ¥52.52bn | ¥52.84bn | ¥39.23bn | ¥39.88bn | ¥45.67bn | ¥44.66bn | ¥39.87bn | ¥42.59bn |
| Debt | ¥62.74bn | ¥48.82bn | ¥47.65bn | ¥49.32bn | ¥36.87bn | ¥37.13bn | ¥42.96bn | ¥41.27bn | ¥36.04bn | ¥38.33bn |
| Shareholders' equity | ¥35.80bn | ¥32.08bn | ¥27.84bn | ¥24.60bn | ¥23.55bn | ¥22.60bn | ¥22.84bn | ¥22.11bn | ¥19.34bn | ¥15.56bn |
| Shares outstanding | 24m | 23m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥6.76bn | ¥2.60bn | ¥5.37bn | −¥11.49bn | ¥3.31bn | ¥10.98bn | ¥3.28bn | −¥7.22bn | ¥7.27bn | −¥8.72bn |
| Capital spending | −¥3.83bn | −¥176.0m | −¥515.0m | −¥155.0m | −¥1.17bn | −¥1.79bn | −¥789.0m | −¥67.0m | −¥110.0m | −¥911.5m |
| Free cash flow | −¥10.58bn | ¥2.42bn | ¥4.86bn | −¥11.65bn | ¥2.13bn | ¥9.19bn | ¥2.49bn | −¥7.29bn | ¥7.16bn | −¥9.64bn |
| Dividends paid | −¥3.47bn | −¥1.48bn | −¥469.0m | −¥356.0m | −¥239.0m | −¥722.0m | −¥730.0m | −¥608.0m | −¥511.0m | −¥352.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥14.22bn | ¥12.52bn | ¥21.30bn | ¥14.02bn | ¥15.79bn | ¥17.15bn | ¥13.84bn | ¥16.85bn |
| Gross profit | ¥13.89bn | ¥2.50bn | ¥6.33bn | ¥3.36bn | ¥4.32bn | ¥4.76bn | ¥3.84bn | ¥4.40bn |
| Operating income | ¥1.76bn | ¥1.03bn | ¥3.93bn | ¥1.64bn | ¥2.51bn | ¥3.00bn | ¥2.05bn | ¥2.55bn |
| Net income | ¥880.0m | ¥440.0m | ¥2.46bn | ¥877.0m | ¥1.52bn | ¥1.80bn | ¥1.47bn | ¥1.55bn |
| Diluted earnings per share | 37.15 | 18.57 | 104.57 | 37.25 | 64.56 | 76.46 | 62.92 | 66.16 |
| Total assets | ¥110.28bn | ¥108.44bn | ¥106.70bn | ¥100.35bn | ¥91.96bn | ¥88.33bn | ¥87.50bn | ¥85.23bn |
| Cash and short-term investments | ¥18.32bn | ¥18.16bn | ¥20.72bn | ¥22.04bn | ¥22.08bn | ¥22.08bn | ¥22.02bn | ¥20.93bn |
| Debt | ¥66.77bn | ¥23.50bn | ¥62.74bn | ¥23.71bn | ¥52.37bn | ¥21.05bn | ¥16.99bn | ¥16.89bn |
| Shareholders' equity | ¥35.69bn | ¥34.62bn | ¥35.80bn | ¥33.07bn | ¥33.24bn | ¥31.46bn | ¥32.08bn | ¥30.64bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 26.8% | 26.6% | 22.1% | 22.9% | 17.0% | 16.8% | — | — |
| Operating margin | 16.0% | 15.5% | 11.5% | 9.5% | 6.9% | 7.1% | — | — |
| Net margin | 9.8% | 9.8% | 7.1% | 5.0% | 3.8% | 1.7% | — | — |
| Return on equity | 18.6% | 19.0% | 13.1% | 6.4% | 5.4% | 2.7% | — | — |
| Return on assets | 6.2% | 7.0% | 4.5% | 2.0% | 2.0% | 1.0% | — | — |
| Free cash flow yield | -7.3% | 7.0% | 14.5% | -28.1% | 10.9% | 31.2% | — | — |
| Revenue growth | 9.8% | 20.4% | 65.3% | -8.0% | -2.6% | -12.1% | — | — |
| Earnings growth | 9.4% | 66.6% | 133.6% | 22.6% | 113.0% | -64.5% | — | — |
| Current ratio | 0.89x | 3.76x | 3.81x | 3.79x | 4.47x | 5.20x | — | — |
| Debt to equity | 1.75x | 1.52x | 1.71x | 2.00x | 1.57x | 1.64x | — | — |
| Equity ratio | 33.6% | 36.7% | 34.6% | 31.8% | 37.5% | 36.2% | — | — |
| Interest coverage | 11.53x | 12.81x | 8.20x | 4.54x | 4.51x | 3.68x | — | — |
| 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 | -0.6% | 1.3% | -0.4% | 2.0% | -0.5% | 0.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.8% | 14.4% | 4.1% |
| Operating income | 55.0% | 35.1% | 6.1% |
| Net income | 62.1% | 61.9% | 7.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.7% | 25.0% | 23.1% | 20.7% |
| Operating margin | 15.9% | 13.9% | 12.2% | 11.6% |
| Net margin | 9.8% | 8.4% | 7.0% | 6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.6 | 7.1 | 7.0 | 7.4 | 9.1 | 18.9 | 11.3 | 3.8 | 6.6 | 6.0 |
| Price to sales | 0.6 | 0.7 | 0.5 | 0.4 | 0.3 | 0.3 | 0.5 | 0.2 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 69.00 | 149.00 | 63.00 | 20.00 | 15.00 | 5.00 | 30.00 | 30.00 |
- 2-for-1 split · 28 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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