R 
656
+2.98%
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
¥5.43bn
FY2017FY2026
Net income
¥101.8m
FY2017FY2026
Free cash flow
¥1.0m
FY2017FY2026
Shareholders' equity
¥321.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.43bn | ¥5.41bn | ¥7.37bn | ¥4.94bn | ¥4.35bn | ¥4.92bn | ¥6.96bn | ¥8.28bn | ¥8.50bn | ¥8.47bn |
| Gross profit | ¥1.12bn | ¥1.03bn | ¥1.01bn | ¥511.1m | ¥139.6m | ¥184.5m | ¥904.2m | ¥1.28bn | ¥1.15bn | ¥1.17bn |
| Operating income | ¥173.9m | ¥125.8m | ¥115.1m | −¥269.6m | −¥643.0m | −¥894.4m | −¥93.6m | ¥188.7m | ¥91.5m | ¥89.7m |
| Net income | ¥101.8m | ¥43.4m | ¥99.7m | −¥235.2m | −¥682.4m | −¥951.1m | −¥884.8m | ¥32.4m | ¥76.7m | −¥226.8m |
| Diluted earnings per share | 23.95 | 10.21 | 23.46 | -55.33 | -160.55 | -422.61 | -228.00 | 8.35 | 19.77 | -58.43 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.18bn | ¥3.80bn | ¥3.95bn | ¥3.42bn | ¥3.67bn | ¥3.65bn | ¥4.67bn | ¥5.10bn | ¥5.31bn | ¥5.46bn |
| Cash and short-term investments | ¥881.3m | ¥862.7m | ¥1.15bn | ¥771.7m | ¥970.4m | ¥486.6m | ¥858.3m | ¥685.3m | ¥734.3m | ¥557.5m |
| Total liabilities | ¥3.86bn | ¥3.58bn | ¥3.78bn | ¥3.34bn | ¥3.41bn | ¥3.54bn | ¥3.74bn | ¥3.27bn | ¥3.51bn | ¥3.73bn |
| Debt | ¥2.90bn | ¥2.69bn | ¥2.73bn | ¥2.54bn | ¥2.61bn | ¥2.81bn | ¥2.81bn | ¥2.11bn | ¥2.32bn | ¥2.47bn |
| Shareholders' equity | ¥321.6m | ¥219.9m | ¥176.5m | ¥76.7m | ¥253.1m | ¥111.5m | ¥923.4m | ¥1.83bn | ¥1.80bn | ¥1.73bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 2m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥306.3m | ¥250.0m | ¥328.4m | −¥197.0m | −¥328.9m | −¥525.9m | −¥107.9m | ¥513.2m | ¥463.0m | ¥383.1m |
| Capital spending | −¥305.2m | −¥249.1m | −¥169.4m | −¥251.7m | −¥27.6m | −¥26.9m | −¥448.1m | −¥348.8m | −¥328.5m | −¥725.1m |
| Free cash flow | ¥1.0m | ¥930,000 | ¥159.1m | −¥448.7m | −¥356.5m | −¥552.8m | −¥556.0m | ¥164.4m | ¥134.5m | −¥342.1m |
| Dividends paid | — | — | — | — | −¥18,000 | −¥35,000 | −¥18.8m | −¥18.0m | −¥18.0m | −¥18.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.29bn | ¥1.07bn | ¥993.3m | ¥1.49bn | ¥1.87bn | ¥1.05bn | ¥1.04bn | ¥1.36bn |
| Gross profit | ¥269.0m | ¥286.3m | ¥251.0m | ¥306.9m | ¥275.2m | ¥249.8m | ¥266.1m | ¥264.2m |
| Operating income | ¥19.7m | ¥41.3m | ¥32.8m | ¥42.3m | ¥57.5m | ¥8.6m | ¥52.7m | ¥52.8m |
| Net income | ¥4.4m | −¥9.8m | ¥84.1m | −¥19.9m | ¥47.4m | −¥26.5m | ¥47.0m | ¥37.8m |
| Diluted earnings per share | 1.04 | -2.30 | 19.79 | -4.68 | 11.14 | -6.24 | 11.05 | 8.90 |
| Total assets | ¥4.24bn | ¥4.18bn | ¥3.81bn | ¥3.77bn | ¥4.47bn | ¥3.80bn | ¥3.63bn | ¥3.60bn |
| Cash and short-term investments | ¥879.7m | ¥881.3m | ¥692.5m | ¥780.4m | ¥1.08bn | ¥862.7m | ¥872.5m | ¥882.1m |
| Debt | ¥1.26bn | ¥2.68bn | ¥1.83bn | ¥2.43bn | ¥1.41bn | ¥2.43bn | ¥1.46bn | ¥2.44bn |
| Shareholders' equity | ¥326.1m | ¥321.6m | ¥331.4m | ¥247.3m | ¥267.2m | ¥219.9m | ¥246.4m | ¥199.4m |
Financial ratios
Data as of 23 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.6% | 19.0% | 13.8% | 10.4% | 3.2% | 3.8% |
| Operating margin | 3.2% | 2.3% | 1.6% | -5.5% | -14.8% | -13.1% |
| Net margin | 1.9% | 0.8% | 1.4% | -4.8% | -15.7% | -19.3% |
| Return on equity | 31.6% | 19.7% | 56.5% | -306.5% | -269.6% | -852.7% |
| Return on assets | 2.4% | 1.1% | 2.5% | -6.9% | -18.6% | -26.1% |
| Free cash flow yield | 22.2% | 18.1% | 18.1% | 2.0% | -11.0% | -34.3% |
| Revenue growth | 0.4% | -26.6% | 49.2% | 13.6% | -11.6% | -29.3% |
| Earnings growth | 134.5% | -56.5% | -142.4% | -65.5% | -28.2% | 7.5% |
| Current ratio | 0.92x | 1.34x | 1.54x | 1.21x | 2.18x | 1.52x |
| Debt to equity | 8.33x | 11.04x | 13.90x | 33.10x | 10.31x | 25.19x |
| Equity ratio | 7.7% | 5.8% | 4.5% | 2.2% | 6.9% | 3.1% |
| Interest coverage | 3.81x | 3.16x | 3.08x | -9.17x | -23.67x | -31.73x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | -88.9% | 42.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.2% | 2.0% | -4.0% |
| Operating income | — | — | -1.9% |
| Net income | — | — | 14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.8% | 15.9% | 12.3% | 13.5% |
| Operating margin | 2.8% | 0.6% | -4.3% | -1.2% |
| Net margin | 1.3% | 0.0% | -5.0% | -3.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.2 | 63.4 | 15.6 | -7.0 | -2.0 | -1.1 | -1.9 | 110.2 | 36.5 | -18.1 |
| Price to sales | 0.5 | 0.5 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jun 2019.
| FY2020 | FY2008 | FY2006 | FY2005 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 15.00 | 20.00 | 40.00 | 20.00 | 20.00 |
- 100-for-1 split · 26 Jun 2013
- 3-for-1 split · 27 Sept 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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