K 
211
+0.48%
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
¥5.27bn
FY2017FY2026
Net income
¥123.7m
FY2017FY2026
Free cash flow
¥76.0m
FY2017FY2026
Shareholders' equity
¥1.41bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.27bn | ¥5.26bn | ¥5.02bn | ¥4.21bn | ¥2.60bn | ¥2.63bn | ¥4.47bn | ¥4.56bn | ¥4.73bn | ¥4.71bn |
| Gross profit | ¥3.34bn | ¥3.42bn | ¥3.19bn | ¥2.72bn | ¥1.44bn | ¥1.47bn | ¥2.92bn | ¥3.07bn | ¥3.15bn | ¥3.10bn |
| Research and development | — | ¥4.1m | ¥10.9m | ¥11.1m | ¥25.2m | ¥25.3m | ¥27.1m | ¥25.2m | ¥29.0m | ¥34.1m |
| Operating income | ¥189.4m | ¥327.6m | ¥249.7m | ¥54.8m | ¥47.3m | −¥540.5m | −¥353.2m | ¥83.4m | ¥86.4m | ¥170.6m |
| Net income | ¥123.7m | ¥378.0m | ¥330.8m | ¥206.3m | ¥600,000 | −¥570.2m | −¥478.9m | ¥3.8m | ¥34.7m | −¥17.4m |
| Diluted earnings per share | 9.03 | 27.60 | 24.15 | 15.06 | 0.04 | -41.93 | -37.28 | 0.31 | 2.83 | -1.48 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.71bn | ¥3.32bn | ¥4.60bn | ¥4.86bn | ¥4.85bn | ¥4.95bn | ¥4.25bn | ¥4.38bn | ¥4.16bn | ¥4.07bn |
| Cash and short-term investments | ¥774.4m | ¥1.40bn | ¥2.47bn | ¥2.81bn | ¥1.70bn | ¥1.40bn | ¥1.13bn | ¥891.7m | ¥554.4m | ¥1.04bn |
| Total liabilities | ¥1.30bn | ¥2.03bn | ¥3.69bn | ¥4.29bn | ¥4.49bn | ¥4.61bn | ¥3.56bn | ¥3.31bn | ¥3.29bn | ¥3.24bn |
| Debt | ¥740.0m | ¥1.43bn | ¥2.99bn | ¥3.59bn | ¥3.59bn | ¥3.59bn | ¥2.76bn | ¥2.50bn | ¥2.56bn | ¥2.77bn |
| Shareholders' equity | ¥1.41bn | ¥1.29bn | ¥911.0m | ¥573.1m | ¥366.6m | ¥336.2m | ¥689.6m | ¥1.07bn | ¥865.5m | ¥830.8m |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 13m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥203.8m | ¥604.0m | ¥380.3m | ¥1.14bn | ¥293.9m | −¥787.3m | ¥285.5m | ¥344.8m | −¥189.9m | ¥165.2m |
| Capital spending | −¥127.8m | −¥118.9m | −¥129.6m | −¥32.5m | −¥22.5m | −¥25.0m | −¥365.2m | −¥101.0m | −¥153.3m | −¥42.6m |
| Free cash flow | ¥76.0m | ¥485.2m | ¥250.8m | ¥1.10bn | ¥271.4m | −¥812.3m | −¥79.7m | ¥243.8m | −¥343.1m | ¥122.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥847.2m | ¥1.48bn | ¥1.90bn | ¥936.9m | ¥954.9m | ¥1.55bn | ¥1.92bn | ¥880.5m |
| Gross profit | ¥548.4m | ¥977.2m | ¥1.16bn | ¥551.0m | ¥642.7m | ¥1.02bn | ¥1.25bn | ¥600.4m |
| Operating income | −¥126.6m | ¥188.6m | ¥253.3m | −¥177.1m | −¥82.6m | ¥156.9m | ¥348.0m | −¥108.3m |
| Net income | −¥88.7m | ¥140.9m | ¥154.6m | −¥114.9m | −¥56.9m | ¥287.7m | ¥211.8m | −¥71.9m |
| Diluted earnings per share | -6.48 | 10.29 | 11.29 | -8.39 | -4.16 | 21.00 | 15.46 | -5.25 |
| Total assets | ¥2.61bn | ¥2.71bn | ¥3.34bn | ¥2.89bn | ¥2.79bn | ¥3.32bn | ¥3.41bn | ¥3.08bn |
| Cash and short-term investments | ¥628.5m | ¥774.4m | ¥696.2m | ¥695.4m | ¥801.0m | ¥1.40bn | ¥988.4m | ¥915.6m |
| Debt | ¥590.0m | ¥740.0m | ¥940.0m | ¥1.26bn | ¥740.0m | ¥1.43bn | ¥1.24bn | ¥1.88bn |
| Shareholders' equity | ¥1.32bn | ¥1.41bn | ¥1.26bn | ¥1.11bn | ¥1.23bn | ¥1.29bn | ¥1.00bn | ¥793.1m |
Financial ratios
Data as of 24 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 63.3% | 65.0% | 63.7% | 64.5% | 55.4% | 55.7% | — |
| Operating margin | 3.0% | 6.0% | 6.2% | 5.0% | 1.8% | -20.5% | — |
| Net margin | 2.3% | 7.2% | 6.6% | 4.9% | 0.0% | -21.6% | — |
| Return on equity | 8.8% | 29.3% | 36.3% | 36.0% | 0.2% | -169.6% | — |
| Return on assets | 4.6% | 11.4% | 7.2% | 4.2% | 0.0% | -11.5% | — |
| Free cash flow yield | 11.4% | 24.9% | 17.6% | 40.3% | 10.9% | -26.4% | — |
| Revenue growth | 0.2% | 4.9% | 19.1% | 61.7% | -1.2% | -41.1% | — |
| Earnings growth | -67.3% | 14.3% | 60.4% | 34283.3% | -100.1% | 19.1% | — |
| Current ratio | 1.71x | 1.43x | 1.03x | 1.04x | 1.01x | 1.01x | — |
| Debt to equity | 0.53x | 1.11x | 3.28x | 6.26x | 9.79x | 10.67x | — |
| Equity ratio | 51.9% | 38.9% | 19.8% | 11.8% | 7.6% | 6.8% | — |
| Interest coverage | 8.34x | 12.42x | 9.73x | 5.81x | 1.31x | -16.90x | — |
| R&D as a share of sales | — | 0.1% | 0.2% | 0.3% | 1.0% | 1.0% | 0.6% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.0% | -0.7% | -5.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 14.9% | 1.6% |
| Operating income | 51.2% | — | 0.9% |
| Net income | -15.7% | — | 19.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.2% | 64.1% | 62.3% | 64.4% |
| Operating margin | 4.9% | 4.2% | 1.3% | 1.0% |
| Net margin | 4.8% | 5.3% | 1.9% | 0.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.5 | 8.1 | 9.1 | 20.1 | — | -5.5 | -8.2 | — | 134.7 | -308.6 |
| Price to sales | 0.6 | 0.6 | 0.6 | 1.0 | 1.1 | 1.2 | 0.9 | 1.1 | 1.0 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Nov 2010.
| FY2011 | FY2010 | FY2009 | |
|---|---|---|---|
| Paid in the year | 20.00 | 20.00 | 20.00 |
- 100-for-1 split · 26 Sept 2013
- 2-for-1 split · 25 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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