N 
505
+3.70%
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
¥2.40bn
FY2017FY2026
Net income
¥583.7m
FY2017FY2026
Free cash flow
−¥601.4m
FY2017FY2026
Shareholders' equity
¥2.13bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.40bn | ¥4.42bn | ¥4.33bn | ¥3.73bn | ¥3.15bn | ¥3.28bn | ¥3.77bn | ¥3.86bn | ¥3.89bn | ¥3.99bn |
| Gross profit | ¥569.2m | ¥1.06bn | ¥1.05bn | ¥898.3m | ¥718.6m | ¥688.1m | ¥668.0m | ¥749.7m | ¥785.2m | ¥978.8m |
| Operating income | −¥45.0m | ¥257.9m | ¥306.4m | ¥185.5m | ¥75.1m | ¥26.9m | −¥35.0m | ¥25.8m | ¥87.8m | ¥259.8m |
| Net income | ¥583.7m | ¥101.4m | ¥127.9m | ¥95.5m | ¥48.3m | ¥95.2m | −¥10.0m | ¥928,000 | ¥51.8m | ¥119.7m |
| Diluted earnings per share | 124.46 | 23.01 | 34.89 | 26.04 | 13.18 | 25.98 | -2.73 | 0.25 | 13.91 | 33.45 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.57bn | ¥5.69bn | ¥4.62bn | ¥4.05bn | ¥3.63bn | ¥3.60bn | ¥3.78bn | ¥3.78bn | ¥3.81bn | ¥3.78bn |
| Cash and short-term investments | ¥998.4m | ¥1.95bn | ¥1.50bn | ¥1.29bn | ¥817.0m | ¥660.5m | ¥648.9m | ¥601.1m | ¥616.9m | ¥511.3m |
| Total liabilities | ¥1.44bn | ¥1.97bn | ¥1.74bn | ¥1.54bn | ¥1.44bn | ¥1.45bn | ¥1.61bn | ¥1.62bn | ¥1.61bn | ¥1.72bn |
| Debt | ¥1.02bn | ¥1.01bn | ¥738.6m | ¥777.1m | ¥797.3m | ¥800.7m | ¥881.0m | ¥886.5m | ¥872.7m | ¥920.9m |
| Shareholders' equity | ¥2.13bn | ¥2.49bn | ¥1.85bn | ¥1.64bn | ¥1.46bn | ¥1.43bn | ¥1.36bn | ¥1.35bn | ¥1.37bn | ¥1.31bn |
| Shares outstanding | 5m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥51.1m | ¥211.2m | ¥274.0m | ¥125.9m | ¥67.1m | ¥131.1m | ¥100.0m | ¥61.0m | ¥190.0m | ¥256.0m |
| Capital spending | −¥550.3m | −¥513.8m | −¥50.8m | −¥14.5m | −¥53.6m | −¥22.4m | −¥14.0m | −¥35.0m | −¥18.0m | −¥32.0m |
| Free cash flow | −¥601.4m | −¥302.7m | ¥223.2m | ¥111.3m | ¥13.5m | ¥108.7m | ¥86.0m | ¥26.0m | ¥172.0m | ¥224.0m |
| Dividends paid | −¥17.4m | −¥14.5m | −¥11.6m | −¥10.4m | −¥10.5m | −¥31,000 | −¥7.2m | −¥14.0m | −¥17.0m | −¥17.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥673.5m | ¥557.6m | ¥632.5m | ¥52.3m | ¥1.16bn | ¥1.01bn | ¥1.08bn | ¥1.19bn |
| Gross profit | ¥164.6m | ¥121.5m | ¥147.6m | — | ¥222.5m | ¥225.8m | ¥278.0m | ¥290.0m |
| Operating income | ¥15.4m | −¥24.0m | ¥1.2m | −¥50.5m | ¥3.0m | ¥12.5m | ¥83.0m | ¥81.0m |
| Net income | ¥10.6m | −¥18.1m | −¥2.7m | ¥586.2m | ¥18.3m | −¥13.3m | ¥38.0m | ¥34.0m |
| Diluted earnings per share | 2.25 | -3.87 | -0.61 | 133.06 | 4.15 | -3.03 | 10.37 | 9.27 |
| Cash from operations | — | — | — | −¥83.0m | — | — | — | — |
| Capital spending | — | — | — | −¥433.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥516.0m | — | — | — | — |
| Total assets | ¥3.53bn | ¥3.57bn | ¥3.90bn | ¥4.15bn | ¥5.74bn | ¥5.69bn | ¥4.96bn | ¥4.96bn |
| Cash and short-term investments | ¥920.3m | ¥998.4m | ¥1.24bn | ¥1.52bn | ¥1.94bn | ¥1.95bn | ¥1.54bn | ¥1.57bn |
| Debt | ¥148.4m | ¥1.02bn | ¥1.10bn | ¥1.44bn | ¥930.8m | ¥1.01bn | ¥494.8m | ¥744.5m |
| Shareholders' equity | ¥2.12bn | ¥2.13bn | ¥2.13bn | ¥2.13bn | ¥2.44bn | ¥2.49bn | ¥2.02bn | ¥1.96bn |
Financial ratios
Data as of 23 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.7% | 24.0% | 24.1% | 24.1% | 22.8% | 21.0% |
| Operating margin | -1.9% | 6.1% | 7.3% | 5.0% | 2.4% | 0.8% |
| Net margin | 24.3% | 2.3% | 3.0% | 2.6% | 1.5% | 2.9% |
| Return on equity | 27.4% | 4.1% | 6.9% | 5.8% | 3.3% | 6.7% |
| Return on assets | 16.4% | 1.8% | 2.8% | 2.4% | 1.3% | 2.6% |
| Free cash flow yield | 19.1% | 29.5% | 15.9% | 6.9% | 5.9% | 7.5% |
| Revenue growth | -45.7% | 2.0% | 16.1% | 18.5% | -3.8% | -13.1% |
| Earnings growth | 475.8% | -20.8% | 34.0% | 97.7% | -49.3% | -1052.5% |
| Current ratio | 2.92x | 2.59x | 2.74x | 3.71x | 2.76x | 2.74x |
| Debt to equity | 0.48x | 0.40x | 0.40x | 0.47x | 0.54x | 0.55x |
| Equity ratio | 59.7% | 43.9% | 40.0% | 40.6% | 40.3% | 39.6% |
| Interest coverage | -2.62x | 32.48x | 51.27x | 19.45x | 10.63x | 3.49x |
| Buybacks as a share of market value | -6.4% | -20.2% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.7% | -6.0% | -5.3% |
| Net income | 82.9% | 43.7% | 26.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.9% | 24.0% | 23.4% | 22.1% |
| Operating margin | 3.1% | 4.7% | 3.8% | 3.1% |
| Net margin | 10.0% | 6.1% | 4.9% | 3.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.6 | 29.9 | 17.0 | 25.4 | 69.5 | 13.9 | -128.3 | — | 23.7 | 13.2 |
| Price to sales | 1.1 | 0.7 | 0.5 | 0.7 | 1.1 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 4.00 | 3.00 | 3.00 | 3.00 | 2.00 | 3.00 | 2.00 |
- 10-to-1 reverse split · 28 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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