B 
1,311
-0.38%
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
¥37.78bn
FY2016FY2025
Net income
¥4.42bn
FY2016FY2025
Free cash flow
−¥10.49bn
FY2016FY2025
Shareholders' equity
¥20.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥37.78bn | ¥30.93bn | ¥23.51bn | ¥19.91bn | ¥14.75bn | ¥26.48bn | ¥25.13bn | ¥20.27bn | ¥13.10bn | ¥11.63bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Operating income | ¥7.58bn | ¥6.34bn | ¥5.50bn | ¥2.91bn | ¥2.03bn | ¥1.72bn | ¥3.99bn | ¥3.31bn | ¥2.37bn | −¥9.66bn |
| Net income | ¥4.42bn | ¥3.94bn | ¥3.30bn | ¥1.64bn | ¥953.0m | ¥344.0m | ¥2.43bn | ¥1.96bn | ¥1.25bn | ¥588.4m |
| Diluted earnings per share | 240.99 | 204.81 | 169.57 | 83.91 | 56.39 | 21.46 | 152.25 | 124.18 | 81.21 | 38.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥101.44bn | ¥56.90bn | ¥57.24bn | ¥56.01bn | ¥48.75bn | ¥45.96bn | ¥33.56bn | ¥24.27bn | ¥19.11bn | ¥16.63bn |
| Cash and short-term investments | ¥16.73bn | ¥12.80bn | ¥10.80bn | ¥11.21bn | ¥13.24bn | ¥12.61bn | ¥7.16bn | ¥6.48bn | ¥4.86bn | ¥2.47bn |
| Total liabilities | ¥81.40bn | ¥39.23bn | ¥42.20bn | ¥43.96bn | ¥38.12bn | ¥37.92bn | ¥25.40bn | ¥18.24bn | ¥15.10bn | ¥13.81bn |
| Debt | ¥76.07bn | ¥34.35bn | ¥37.11bn | ¥40.22bn | ¥36.16bn | ¥35.61bn | ¥23.31bn | ¥16.44bn | ¥13.79bn | ¥13.00bn |
| Shareholders' equity | ¥20.03bn | ¥17.66bn | ¥14.72bn | ¥12.01bn | ¥10.61bn | ¥8.03bn | ¥8.14bn | ¥5.98bn | ¥4.01bn | ¥2.82bn |
| Shares outstanding | 18m | 19m | 19m | 20m | 17m | 16m | 16m | 16m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥9.66bn | ¥6.15bn | ¥5.01bn | −¥4.05bn | ¥298.0m | −¥7.12bn | −¥4.06bn | −¥1.23bn | ¥2.53bn | −¥4.44bn |
| Capital spending | −¥829.0m | −¥334.0m | −¥134.0m | −¥45.0m | −¥131.0m | −¥99.0m | −¥580.7m | −¥163.6m | −¥16.3m | −¥79.9m |
| Free cash flow | −¥10.49bn | ¥5.82bn | ¥4.88bn | −¥4.09bn | ¥167.0m | −¥7.22bn | −¥4.64bn | −¥1.39bn | ¥2.52bn | −¥4.52bn |
| Dividends paid | −¥1.17bn | −¥975.0m | −¥389.0m | −¥292.0m | −¥240.0m | −¥478.0m | −¥394.4m | −¥150.1m | −¥65.2m | −¥65.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.72bn | ¥11.75bn | ¥8.09bn | ¥12.61bn | ¥11.54bn | ¥5.54bn | ¥3.26bn | ¥11.59bn |
| Operating income | ¥1.65bn | ¥3.69bn | ¥801.0m | ¥1.92bn | ¥3.41bn | ¥1.45bn | −¥287.0m | ¥3.23bn |
| Net income | ¥768.0m | ¥2.48bn | ¥376.0m | ¥1.05bn | ¥2.18bn | ¥818.0m | −¥507.0m | ¥2.12bn |
| Diluted earnings per share | 40.58 | 130.82 | 20.50 | 57.15 | 118.72 | 44.61 | -26.35 | 109.92 |
| Total assets | ¥102.63bn | ¥100.67bn | ¥101.44bn | ¥96.00bn | ¥100.06bn | ¥93.60bn | ¥56.90bn | ¥55.63bn |
| Cash and short-term investments | ¥16.58bn | ¥15.29bn | ¥16.73bn | ¥15.92bn | ¥15.84bn | ¥11.84bn | ¥12.80bn | ¥17.25bn |
| Debt | ¥74.46bn | ¥26.40bn | ¥76.07bn | ¥23.66bn | ¥75.56bn | ¥23.45bn | ¥11.79bn | ¥11.22bn |
| Shareholders' equity | ¥22.19bn | ¥21.17bn | ¥20.03bn | ¥19.62bn | ¥18.57bn | ¥17.13bn | ¥17.66bn | ¥18.41bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 20.1% | 20.5% | 23.4% | 14.6% | 13.8% | 6.5% | — | — |
| Net margin | 11.7% | 12.7% | 14.0% | 8.2% | 6.5% | 1.3% | — | — |
| Return on equity | 22.1% | 22.3% | 22.4% | 13.6% | 9.0% | 4.3% | — | — |
| Return on assets | 4.4% | 6.9% | 5.8% | 2.9% | 2.0% | 0.7% | — | — |
| Free cash flow yield | -32.8% | 22.9% | 18.0% | -14.0% | 1.7% | -29.8% | — | — |
| Revenue growth | 22.1% | 31.6% | 18.1% | 35.0% | -44.3% | 5.4% | — | — |
| Earnings growth | 12.1% | 19.5% | 101.4% | 71.8% | 177.0% | -85.8% | — | — |
| Current ratio | 0.66x | 2.98x | 2.88x | 3.04x | 2.49x | 2.99x | — | — |
| Debt to equity | 3.80x | 1.95x | 2.52x | 3.35x | 3.41x | 4.44x | — | — |
| Equity ratio | 19.7% | 31.0% | 25.7% | 21.4% | 21.8% | 17.5% | — | — |
| Interest coverage | 6.16x | 11.24x | 9.65x | 5.12x | 3.70x | 2.97x | — | — |
| 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 | 4.7% | 1.0% | 0.3% | -15.4% | -5.4% | -0.5% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.8% | 7.4% | 18.4% |
| Operating income | 37.5% | 34.5% | 25.2% |
| Net income | 39.2% | 66.6% | 27.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.3% | 19.9% | 17.0% | 11.7% |
| Net margin | 12.2% | 11.9% | 9.5% | 9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.1 | 6.3 | 5.6 | 6.5 | 9.4 | 30.1 | 6.7 | 4.5 | 15.8 | 9.0 |
| Price to sales | 0.7 | 0.8 | 0.8 | 0.5 | 0.6 | 0.4 | 0.6 | 0.4 | 1.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 73.00 | 112.00 | 20.00 | 15.00 | 45.00 | 25.00 | 14.00 |
- 2-for-1 split · 30 Mar 2020
- 2-for-1 split · 12 Jan 2018
- 3-for-1 split · 13 Apr 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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