B 
468
-0.21%
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
¥38.57bn
FY2016FY2025
Net income
¥327.3m
FY2016FY2025
Free cash flow
¥183.9m
FY2016FY2025
Shareholders' equity
¥7.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥38.57bn | ¥33.97bn | ¥33.07bn | ¥33.48bn | ¥26.57bn | ¥22.35bn | ¥20.12bn | ¥19.92bn | ¥18.25bn | ¥17.00bn |
| Gross profit | ¥12.98bn | ¥12.62bn | ¥11.76bn | ¥12.80bn | ¥11.59bn | ¥9.95bn | ¥8.69bn | ¥8.29bn | ¥7.69bn | ¥7.20bn |
| Operating income | ¥585.7m | ¥286.5m | −¥166.1m | ¥1.65bn | ¥1.56bn | ¥704.0m | ¥212.6m | ¥66.9m | −¥256.7m | −¥493.1m |
| Net income | ¥327.3m | ¥187.3m | −¥110.8m | ¥1.55bn | ¥1.23bn | ¥594.3m | ¥205.8m | ¥87.3m | ¥401.3m | −¥586.2m |
| Diluted earnings per share | 22.92 | 13.41 | -7.93 | 110.99 | 87.80 | 42.55 | 14.73 | 6.25 | 28.74 | -41.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥13.12bn | ¥12.55bn | ¥12.05bn | ¥12.02bn | ¥9.28bn | ¥7.68bn | ¥6.20bn | ¥5.54bn | ¥5.39bn | ¥4.80bn |
| Cash and short-term investments | ¥2.05bn | ¥2.07bn | ¥1.99bn | ¥2.77bn | ¥944.2m | ¥1.68bn | ¥1.31bn | ¥1.66bn | ¥2.01bn | ¥1.53bn |
| Total liabilities | ¥6.10bn | ¥6.06bn | ¥5.66bn | ¥5.09bn | ¥3.62bn | ¥3.10bn | ¥2.16bn | ¥1.65bn | ¥1.52bn | ¥1.27bn |
| Debt | ¥2.41bn | ¥2.18bn | ¥3.14bn | ¥1.63bn | ¥871.1m | ¥259.4m | ¥251.2m | ¥229.1m | ¥168.2m | ¥174.3m |
| Shareholders' equity | ¥7.02bn | ¥6.49bn | ¥6.39bn | ¥6.93bn | ¥5.66bn | ¥4.58bn | ¥4.05bn | ¥3.90bn | ¥3.87bn | ¥3.52bn |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥371.7m | ¥1.77bn | −¥123.1m | ¥2.10bn | −¥583.6m | ¥1.07bn | ¥212.7m | ¥183.6m | ¥7.1m | −¥488.0m |
| Capital spending | −¥187.8m | −¥118.5m | −¥460.9m | −¥289.6m | −¥230.5m | −¥266.1m | −¥172.0m | −¥169.9m | −¥102.5m | −¥126.5m |
| Free cash flow | ¥183.9m | ¥1.65bn | −¥584.0m | ¥1.81bn | −¥814.2m | ¥805.3m | ¥40.7m | ¥13.7m | −¥95.3m | −¥614.5m |
| Dividends paid | −¥160.1m | −¥297.5m | −¥419.6m | −¥284.0m | −¥146.1m | −¥62.7m | −¥55.6m | −¥55.7m | −¥56.0m | −¥96.9m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.53bn | ¥10.61bn | ¥8.98bn | ¥10.16bn | ¥9.74bn | ¥10.70bn | ¥7.97bn | ¥8.75bn |
| Gross profit | ¥3.50bn | ¥3.80bn | ¥2.89bn | ¥3.35bn | ¥3.21bn | ¥3.63bn | ¥2.79bn | ¥3.20bn |
| Operating income | ¥575.6m | ¥424.9m | −¥162.0m | ¥61.9m | ¥203.0m | ¥342.7m | −¥21.9m | ¥6.0m |
| Net income | ¥453.9m | ¥352.5m | −¥12.6m | −¥33.9m | ¥175.4m | ¥163.8m | ¥22.0m | −¥81.7m |
| Diluted earnings per share | 31.70 | 24.62 | -0.88 | -2.38 | 12.29 | 11.47 | 1.54 | -5.85 |
| Cash from operations | — | — | — | ¥371.0m | — | — | — | — |
| Capital spending | — | — | — | −¥187.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥184.0m | — | — | — | — |
| Total assets | ¥12.76bn | ¥13.67bn | ¥12.97bn | ¥13.12bn | ¥13.19bn | ¥13.16bn | ¥12.11bn | ¥12.55bn |
| Cash and short-term investments | ¥2.81bn | ¥3.20bn | ¥2.66bn | ¥2.05bn | ¥2.26bn | ¥1.66bn | ¥1.10bn | ¥2.07bn |
| Debt | ¥434.5m | ¥1.42bn | ¥1.43bn | ¥2.15bn | ¥1.47bn | ¥2.05bn | ¥1.43bn | ¥1.55bn |
| Shareholders' equity | ¥7.70bn | ¥7.32bn | ¥6.97bn | ¥7.02bn | ¥7.01bn | ¥6.90bn | ¥6.49bn | ¥6.49bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.6% | 37.2% | 35.6% | 38.2% | 43.6% | 44.5% |
| Operating margin | 1.8% | 1.4% | -0.1% | 6.8% | 6.5% | 3.1% |
| Net margin | 0.8% | 0.6% | -0.3% | 4.6% | 4.6% | 2.7% |
| Return on equity | 4.7% | 2.9% | -1.7% | 22.4% | 21.7% | 13.0% |
| Return on assets | 2.5% | 1.5% | -0.9% | 12.9% | 13.2% | 7.7% |
| Free cash flow yield | 9.6% | 33.1% | 5.9% | 41.9% | -6.2% | 23.4% |
| Revenue growth | 13.6% | 2.7% | -1.2% | 26.0% | 18.9% | 11.1% |
| Earnings growth | 74.7% | -269.1% | -107.1% | 26.4% | 106.3% | 188.8% |
| Current ratio | 2.11x | 1.86x | 1.79x | 2.10x | 2.21x | 2.00x |
| Debt to equity | 0.31x | 0.29x | 0.45x | 0.20x | 0.12x | 0.03x |
| Equity ratio | 53.5% | 51.7% | 53.0% | 57.6% | 61.0% | 59.6% |
| Interest coverage | 23.45x | 23.01x | -3.88x | 290.59x | 576.48x | 247.89x |
| Buybacks as a share of market value | -2.2% | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | 11.5% | 7.7% |
| Operating income | -29.2% | -3.6% | 9.4% |
| Net income | -40.5% | -11.2% | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.3% | 36.1% | 38.1% | 39.7% |
| Operating margin | 1.2% | 1.7% | 2.5% | 1.6% |
| Net margin | 0.7% | 1.4% | 2.0% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.7 | 36.1 | -73.0 | 9.2 | 11.8 | 10.0 | 13.4 | 23.7 | 7.5 | -5.0 |
| Price to sales | 0.1 | 0.2 | 0.2 | 0.4 | 0.6 | 0.3 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 16.50 | 20.50 | 25.00 | 20.00 | 10.50 | 4.50 | 4.00 | 4.00 |
- 100-for-1 split · 29 May 2013
- 3-for-1 split · 27 Nov 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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