P 
403
+4.68%
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
¥2.31bn
FY2017FY2026
Net income
¥106.0m
FY2017FY2026
Free cash flow
¥181.9m
FY2017FY2026
Shareholders' equity
¥1.44bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.31bn | ¥2.18bn | ¥2.02bn | ¥2.02bn | ¥1.93bn | ¥1.99bn | ¥2.13bn | ¥2.11bn | ¥2.00bn | ¥1.83bn |
| Gross profit | ¥847.7m | ¥766.8m | ¥679.3m | ¥668.4m | ¥660.5m | ¥651.8m | ¥724.8m | ¥735.9m | ¥682.3m | ¥599.9m |
| Operating income | ¥190.5m | ¥157.2m | ¥132.9m | ¥182.9m | ¥197.9m | ¥204.7m | ¥247.1m | ¥337.6m | ¥286.3m | ¥230.0m |
| Net income | ¥106.0m | ¥112.5m | ¥93.3m | ¥92.9m | ¥137.4m | ¥142.7m | ¥111.9m | ¥236.2m | ¥221.4m | ¥159.2m |
| Diluted earnings per share | 22.54 | 23.91 | 19.90 | 19.82 | 28.58 | 29.03 | 23.82 | 52.54 | 49.47 | 36.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.83bn | ¥1.74bn | ¥1.61bn | ¥1.53bn | ¥1.61bn | ¥1.53bn | ¥1.44bn | ¥1.38bn | ¥1.14bn | ¥913.5m |
| Cash and short-term investments | ¥1.21bn | ¥1.14bn | ¥1.08bn | ¥1.05bn | ¥1.15bn | ¥1.01bn | ¥987.7m | ¥816.8m | ¥790.9m | ¥593.0m |
| Total liabilities | ¥384.0m | ¥357.8m | ¥312.8m | ¥295.5m | ¥307.2m | ¥344.6m | ¥318.1m | ¥350.6m | ¥345.2m | ¥337.9m |
| Shareholders' equity | ¥1.44bn | ¥1.38bn | ¥1.30bn | ¥1.23bn | ¥1.30bn | ¥1.18bn | ¥1.13bn | ¥1.03bn | ¥797.0m | ¥575.6m |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥190.5m | ¥144.6m | ¥148.8m | ¥104.9m | ¥228.6m | ¥137.0m | ¥227.0m | ¥13.9m | ¥195.9m | ¥203.1m |
| Capital spending | −¥8.6m | −¥2.4m | −¥31.9m | −¥20.0m | −¥27.9m | −¥23.0m | −¥38.7m | −¥8.9m | −¥12.7m | −¥16.2m |
| Free cash flow | ¥181.9m | ¥142.2m | ¥116.9m | ¥85.0m | ¥200.7m | ¥114.0m | ¥188.3m | ¥5.0m | ¥183.1m | ¥186.9m |
| Dividends paid | −¥46.8m | −¥37.4m | −¥36.8m | −¥38.7m | −¥37.6m | −¥22.5m | −¥22.4m | −¥21.7m | −¥21.0m | −¥21.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥568.4m | ¥644.4m | ¥606.9m | ¥554.9m | ¥505.7m | ¥598.2m | ¥574.0m | ¥537.0m |
| Gross profit | ¥191.1m | ¥235.7m | ¥228.0m | ¥204.1m | ¥179.9m | ¥220.5m | ¥206.0m | ¥191.0m |
| Operating income | ¥15.7m | ¥68.8m | ¥63.2m | ¥34.2m | ¥24.3m | ¥65.5m | ¥32.0m | ¥40.7m |
| Net income | ¥10.9m | ¥22.2m | ¥43.2m | ¥23.8m | ¥16.8m | ¥48.8m | ¥23.0m | ¥28.0m |
| Diluted earnings per share | 2.32 | 4.71 | 9.18 | 5.06 | 3.58 | 10.37 | 4.91 | 5.97 |
| Total assets | ¥1.73bn | ¥1.83bn | ¥1.78bn | ¥1.73bn | ¥1.63bn | ¥1.74bn | ¥1.64bn | ¥1.61bn |
| Cash and short-term investments | ¥1.08bn | ¥1.21bn | ¥1.16bn | ¥1.15bn | ¥1.09bn | ¥1.14bn | ¥1.09bn | ¥1.09bn |
| Debt | — | — | ¥24.0m | — | — | — | — | — |
| Shareholders' equity | ¥1.41bn | ¥1.44bn | ¥1.42bn | ¥1.38bn | ¥1.35bn | ¥1.38bn | ¥1.33bn | ¥1.31bn |
Financial ratios
Data as of 27 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.7% | 35.2% | 33.7% | 33.2% | 34.2% | 32.8% | — | — | — | — |
| Operating margin | 8.2% | 7.1% | 6.6% | 9.1% | 10.2% | 10.3% | — | — | — | — |
| Net margin | 4.6% | 5.2% | 4.6% | 4.6% | 7.1% | 7.2% | — | — | — | — |
| Return on equity | 7.3% | 8.2% | 7.2% | 7.5% | 10.6% | 12.1% | — | — | — | — |
| Return on assets | 5.8% | 6.5% | 5.8% | 6.1% | 8.5% | 9.3% | — | — | — | — |
| Free cash flow yield | 9.1% | 6.7% | 8.3% | 5.8% | 11.5% | 7.0% | — | — | — | — |
| Revenue growth | 6.0% | 8.2% | 0.0% | 4.3% | -2.8% | -6.8% | — | — | — | — |
| Earnings growth | -5.8% | 20.6% | 0.4% | -32.4% | -3.8% | 27.6% | — | — | — | — |
| Current ratio | 4.24x | 4.34x | 4.67x | 4.86x | 4.84x | 4.17x | — | — | — | — |
| Debt to equity | — | — | — | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 79.0% | 79.4% | 80.6% | 80.6% | 80.9% | 77.4% | — | — | — | — |
| Interest coverage | — | — | — | 22.29x | 19787.80x | 93.39x | 1188.01x | 2280.95x | — | 2834.31x |
| Buybacks as a share of market value | 0.1% | -0.4% | -0.0% | 2.5% | 2.2% | -4.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 3.1% | 3.0% |
| Operating income | 1.4% | -1.4% | 12.3% |
| Net income | 4.5% | -5.8% | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.9% | 34.8% | 34.3% | 33.7% |
| Operating margin | 7.7% | 7.8% | 8.6% | 10.0% |
| Net margin | 4.9% | 4.7% | 5.5% | 6.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.2 | 20.4 | 18.6 | 18.4 | 18.0 | 18.0 | 39.0 | 31.7 | 11.7 | 29.5 |
| Price to sales | 0.8 | 1.1 | 0.9 | 0.8 | 1.3 | 1.3 | 2.0 | 3.5 | 1.3 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 28 Mar 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 8.00 | 8.00 | 8.00 | 8.00 | 5.00 | 5.00 | 5.00 |
- 2-for-1 split · 27 Sept 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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