L 
2,289
-1.12%
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
¥44.63bn
FY2016FY2025
Net income
¥7.98bn
FY2016FY2025
Free cash flow
−¥2.79bn
FY2016FY2025
Shareholders' equity
¥32.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥44.63bn | ¥34.42bn | ¥28.73bn | ¥23.64bn | ¥17.92bn | ¥16.98bn | ¥15.12bn | ¥9.67bn | ¥8.79bn | ¥4.66bn |
| Gross profit | ¥13.96bn | ¥13.35bn | ¥10.07bn | ¥9.36bn | ¥6.96bn | ¥5.63bn | ¥4.74bn | ¥3.27bn | ¥1.96bn | ¥1.18bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Operating income | ¥13.41bn | ¥11.45bn | ¥8.25bn | ¥7.54bn | ¥5.62bn | ¥4.48bn | ¥3.65bn | ¥2.39bn | ¥1.36bn | ¥750.0m |
| Net income | ¥7.98bn | ¥6.87bn | ¥4.88bn | ¥4.84bn | ¥3.46bn | ¥2.70bn | ¥2.08bn | ¥1.36bn | ¥794.0m | ¥468.0m |
| Diluted earnings per share | 469.12 | 406.81 | 292.57 | 294.55 | 208.87 | 163.47 | 96.63 | 63.48 | 37.14 | 22.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥124.07bn | ¥107.40bn | ¥75.47bn | ¥65.70bn | ¥56.98bn | ¥51.16bn | ¥44.34bn | ¥33.03bn | ¥21.98bn | ¥14.29bn |
| Cash and short-term investments | ¥14.59bn | ¥12.65bn | ¥11.93bn | ¥9.40bn | ¥7.93bn | ¥7.33bn | ¥7.77bn | ¥5.87bn | ¥4.62bn | ¥1.27bn |
| Total liabilities | ¥91.12bn | ¥81.76bn | ¥56.18bn | ¥50.94bn | ¥46.14bn | ¥43.44bn | ¥36.52bn | ¥27.15bn | ¥17.42bn | ¥12.11bn |
| Debt | ¥69.65bn | ¥62.76bn | ¥41.86bn | ¥37.77bn | ¥33.34bn | ¥31.92bn | ¥25.34bn | ¥19.17bn | ¥13.26bn | ¥10.69bn |
| Shareholders' equity | ¥32.93bn | ¥25.64bn | ¥19.29bn | ¥14.77bn | ¥10.85bn | ¥7.72bn | ¥7.82bn | ¥5.88bn | ¥4.55bn | ¥2.18bn |
| Shares outstanding | 17m | 17m | 17m | 16m | 17m | 17m | 21m | 21m | 21m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥2.63bn | −¥18.66bn | −¥789.0m | −¥1.52bn | −¥450.0m | −¥4.12bn | −¥3.99bn | −¥4.40bn | −¥777.0m | −¥6.94bn |
| Capital spending | −¥161.0m | −¥51.0m | −¥1.0m | −¥156.0m | −¥156.0m | −¥156.0m | −¥8.0m | −¥73.0m | −¥3.0m | −¥6.0m |
| Free cash flow | −¥2.79bn | −¥18.71bn | −¥790.0m | −¥1.67bn | −¥606.0m | −¥4.27bn | −¥3.99bn | −¥4.47bn | −¥780.0m | −¥6.95bn |
| Dividends paid | −¥1.16bn | −¥863.0m | −¥803.0m | −¥525.0m | −¥401.0m | −¥310.0m | −¥201.0m | −¥114.0m | −¥114.0m | −¥114.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.03bn | ¥18.26bn | ¥15.75bn | ¥8.08bn | ¥9.74bn | ¥11.05bn | ¥10.12bn | ¥9.09bn |
| Gross profit | ¥2.05bn | ¥6.40bn | ¥4.49bn | ¥1.59bn | ¥2.50bn | ¥6.12bn | ¥2.49bn | ¥5.15bn |
| Operating income | ¥1.77bn | ¥6.12bn | ¥4.35bn | ¥1.52bn | ¥1.99bn | ¥5.55bn | ¥1.95bn | ¥4.63bn |
| Net income | ¥760.0m | ¥3.83bn | ¥2.70bn | ¥749.0m | ¥943.0m | ¥3.58bn | ¥1.11bn | ¥2.80bn |
| Diluted earnings per share | 36.90 | 185.85 | 158.79 | 44.05 | 55.46 | 210.83 | 65.84 | 166.02 |
| Total assets | ¥131.78bn | ¥131.12bn | ¥124.07bn | ¥122.38bn | ¥123.20bn | ¥118.95bn | ¥107.40bn | ¥105.35bn |
| Cash and short-term investments | ¥15.87bn | ¥13.28bn | ¥14.59bn | ¥13.45bn | ¥12.04bn | ¥14.04bn | ¥12.65bn | ¥12.23bn |
| Debt | ¥75.31bn | ¥4.92bn | ¥69.65bn | ¥3.66bn | ¥74.11bn | ¥8.15bn | ¥10.30bn | ¥7.36bn |
| Shareholders' equity | ¥36.24bn | ¥35.40bn | ¥32.93bn | ¥30.05bn | ¥29.16bn | ¥28.11bn | ¥25.64bn | ¥24.41bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 31.3% | 38.8% | 35.1% | 39.6% | 38.8% | 33.2% | — | — |
| Operating margin | 30.1% | 33.3% | 28.7% | 31.9% | 31.4% | 26.4% | — | — |
| Net margin | 17.9% | 20.0% | 17.0% | 20.5% | 19.3% | 15.9% | — | — |
| Return on equity | 24.2% | 26.8% | 25.3% | 32.8% | 31.9% | 35.0% | — | — |
| Return on assets | 6.4% | 6.4% | 6.5% | 7.4% | 6.1% | 5.3% | — | — |
| Free cash flow yield | -5.7% | -43.0% | -1.8% | -3.2% | -0.7% | -9.4% | — | — |
| Revenue growth | 29.7% | 19.8% | 21.5% | 31.9% | 5.5% | 12.3% | — | — |
| Earnings growth | 16.1% | 40.7% | 0.8% | 39.8% | 28.3% | 30.0% | — | — |
| Current ratio | 2.15x | 6.43x | 7.58x | 11.45x | 9.53x | 9.63x | — | — |
| Debt to equity | 2.12x | 2.45x | 2.17x | 2.56x | 3.07x | 4.13x | — | — |
| Equity ratio | 26.5% | 23.9% | 25.6% | 22.5% | 19.0% | 15.1% | — | — |
| Interest coverage | 10.42x | 15.99x | 16.37x | 21.50x | 17.78x | 16.42x | — | — |
| 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 | -0.7% | -1.2% | -1.5% | 0.9% | -0.4% | 23.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.6% | 21.3% | 31.0% |
| Operating income | 21.1% | 24.5% | 33.8% |
| Net income | 18.1% | 24.2% | 33.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.6% | 35.6% | 35.7% | 34.4% |
| Operating margin | 31.4% | 30.9% | 30.5% | 28.7% |
| Net margin | 18.8% | 18.7% | 18.5% | 17.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.4 | 6.1 | 7.0 | 5.5 | 4.8 | 5.5 | 11.6 | 11.8 | 20.2 |
| Price to sales | 1.1 | 1.2 | 1.2 | 1.1 | 0.9 | 0.9 | 1.6 | 1.7 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 153.00 | 52.50 | 50.00 | 32.00 | 24.50 | 14.50 | 9.50 | 5.50 |
- 2-for-1 split · 27 Nov 2018
- 2-for-1 split · 12 Dec 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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