529
-0.38%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥2.31bn
FY2016FY2025
Net income
¥122.5m
FY2016FY2025
Free cash flow
−¥427.3m
FY2016FY2025
Shareholders' equity
¥2.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.31bn | ¥2.81bn | ¥2.35bn | ¥2.78bn | ¥3.64bn | ¥4.55bn | ¥4.39bn | ¥2.62bn | ¥2.35bn | ¥1.09bn |
| Operating income | ¥147.6m | ¥123.7m | ¥168.1m | ¥7.1m | ¥134.3m | ¥322.0m | ¥505.3m | ¥325.8m | ¥215.9m | ¥164.7m |
| Net income | ¥122.5m | ¥80.8m | ¥111.9m | ¥29.5m | ¥80.7m | ¥214.2m | ¥337.9m | ¥225.0m | ¥155.8m | ¥116.8m |
| Diluted earnings per share | 18.10 | 11.95 | 16.57 | 4.37 | 12.14 | 33.45 | 54.42 | 39.17 | 25.77 | 17.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.79bn | ¥3.54bn | ¥3.64bn | ¥3.63bn | ¥4.30bn | ¥5.18bn | ¥4.38bn | ¥3.06bn | ¥1.40bn | ¥1.23bn |
| Cash and short-term investments | ¥2.24bn | ¥2.48bn | ¥2.70bn | ¥3.02bn | ¥2.72bn | ¥3.31bn | ¥1.4m | ¥1.93bn | ¥897.8m | ¥582.0m |
| Total liabilities | ¥1.37bn | ¥1.21bn | ¥1.35bn | ¥1.44bn | ¥2.12bn | ¥3.06bn | ¥2.43bn | ¥1.42bn | ¥558.6m | ¥537.6m |
| Debt | ¥898.6m | ¥716.2m | ¥1.00bn | ¥1.12bn | ¥1.77bn | ¥2.55bn | ¥1.94bn | ¥1.06bn | ¥292.8m | ¥301.9m |
| Shareholders' equity | ¥2.42bn | ¥2.34bn | ¥2.29bn | ¥2.19bn | ¥2.18bn | ¥2.12bn | ¥1.95bn | ¥1.64bn | ¥843.3m | ¥687.4m |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 6m | 6m | 6m | 6m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥416.8m | ¥93.9m | −¥194.0m | ¥907.6m | ¥247.0m | ¥556.1m | −¥504.3m | −¥281.0m | ¥384.0m | −¥248.5m |
| Capital spending | −¥10.5m | −¥11.0m | −¥3.5m | −¥12.1m | −¥14.0m | −¥59.9m | −¥15.6m | −¥2.0m | −¥1.0m | −¥4.3m |
| Free cash flow | −¥427.3m | ¥82.9m | −¥197.6m | ¥895.5m | ¥232.9m | ¥496.2m | −¥519.9m | −¥283.0m | ¥383.0m | −¥252.8m |
| Dividends paid | −¥40.6m | −¥33.7m | −¥10.2m | −¥26.6m | −¥49.7m | −¥49.6m | −¥30.6m | −¥20.0m | −¥20.0m | −¥20.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥563.1m | ¥553.5m | ¥517.3m | ¥718.6m | ¥548.9m | ¥547.5m | ¥497.5m | ¥621.2m |
| Operating income | ¥52.3m | ¥35.5m | ¥22.8m | ¥83.5m | ¥37.2m | ¥12.3m | ¥14.6m | −¥13.0m |
| Net income | ¥31.1m | ¥37.5m | ¥26.1m | ¥59.7m | ¥29.6m | ¥12.4m | ¥20.8m | −¥3.7m |
| Diluted earnings per share | 4.60 | 5.54 | 3.87 | 8.82 | 4.37 | 1.83 | 3.08 | -0.55 |
| Total assets | ¥3.84bn | ¥3.92bn | ¥3.70bn | ¥3.79bn | ¥3.61bn | ¥3.61bn | ¥3.55bn | ¥3.54bn |
| Cash and short-term investments | ¥1.95bn | ¥1.95bn | ¥2.07bn | ¥2.24bn | ¥2.02bn | ¥2.15bn | ¥2.21bn | ¥2.49bn |
| Debt | ¥263.4m | ¥1.02bn | ¥486.0m | ¥898.6m | ¥250.7m | ¥866.1m | ¥205.3m | ¥191.3m |
| Shareholders' equity | ¥2.43bn | ¥2.40bn | ¥2.37bn | ¥2.42bn | ¥2.36bn | ¥2.33bn | ¥2.32bn | ¥2.34bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.5% | 4.9% | 7.7% | 1.7% | 4.0% | 7.4% |
| Net margin | 5.3% | 2.9% | 4.8% | 1.1% | 2.2% | 4.7% |
| Return on equity | 5.1% | 3.5% | 4.9% | 1.3% | 3.7% | 10.1% |
| Return on assets | 3.2% | 2.3% | 3.1% | 0.8% | 1.9% | 4.1% |
| Free cash flow yield | -11.0% | 2.5% | -5.1% | 24.1% | 6.7% | 15.6% |
| Revenue growth | -17.7% | 19.4% | -15.3% | -23.6% | -20.0% | 3.5% |
| Earnings growth | 51.5% | -27.7% | 279.3% | -63.5% | -62.3% | -36.6% |
| Current ratio | 4.36x | 5.48x | 5.17x | 4.05x | 2.98x | 2.52x |
| Debt to equity | 0.37x | 0.31x | 0.44x | 0.51x | 0.81x | 1.20x |
| Equity ratio | 63.9% | 66.0% | 62.9% | 60.3% | 50.7% | 41.0% |
| Interest coverage | 19.10x | 14.23x | 14.41x | 2.67x | 5.83x | 14.29x |
| Buybacks as a share of market value | -0.0% | -0.2% | 0.0% | -1.5% | -3.9% | -3.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | -12.6% | 12.5% |
| Operating income | 175.1% | -14.4% | 2.8% |
| Net income | 60.7% | -10.6% | 8.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.3% | 4.4% | 4.9% | 7.5% |
| Net margin | 4.0% | 3.4% | 3.5% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.5 | 43.9 | 22.9 | 67.3 | 35.8 | 21.0 | 19.9 | 17.7 | 35.9 | 21.2 |
| Price to sales | 1.6 | 1.3 | 1.1 | 0.7 | 0.8 | 1.0 | 1.5 | 1.5 | 2.4 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 6.00 | 5.00 | 1.50 | 4.00 | 8.00 | 8.00 | 5.00 |
- 2-for-1 split · 26 Dec 2018
- 2-for-1 split · 27 Jul 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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