A 
421
-0.94%
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
¥17.43bn
FY2017FY2026
Net income
¥2.06bn
FY2017FY2026
Free cash flow
¥6.52bn
FY2017FY2026
Shareholders' equity
¥6.21bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.43bn | ¥14.59bn | ¥6.23bn | ¥6.32bn | ¥6.48bn | ¥5.98bn | ¥5.93bn | ¥5.46bn | ¥4.33bn | ¥3.28bn |
| Gross profit | ¥4.06bn | ¥1.69bn | ¥1.18bn | ¥1.14bn | ¥1.23bn | ¥1.12bn | ¥958.9m | ¥876.6m | ¥682.3m | ¥628.0m |
| Research and development | — | ¥22.5m | ¥16.5m | ¥7.0m | ¥11.7m | ¥13.8m | ¥28.2m | ¥19.5m | ¥17.7m | ¥11.6m |
| Operating income | ¥2.84bn | ¥868.0m | ¥607.3m | ¥603.5m | ¥708.0m | ¥607.2m | ¥456.2m | ¥376.0m | ¥253.9m | ¥248.5m |
| Net income | ¥2.06bn | ¥859.6m | ¥480.6m | ¥439.8m | ¥496.7m | ¥422.4m | ¥325.7m | ¥265.8m | ¥188.1m | ¥140.1m |
| Diluted earnings per share | 47.91 | 20.01 | 12.03 | 33.13 | 37.08 | 10.36 | 7.82 | 6.48 | 4.59 | 2.86 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥35.27bn | ¥9.34bn | ¥4.62bn | ¥3.90bn | ¥3.58bn | ¥3.51bn | ¥2.77bn | ¥2.22bn | ¥2.18bn | ¥1.27bn |
| Cash and short-term investments | ¥12.58bn | ¥6.01bn | ¥2.24bn | ¥1.55bn | ¥1.42bn | ¥1.71bn | ¥1.25bn | ¥842.4m | ¥775.4m | ¥602.6m |
| Total liabilities | ¥29.06bn | ¥5.14bn | ¥1.50bn | ¥1.26bn | ¥1.23bn | ¥1.41bn | ¥1.07bn | ¥810.8m | ¥1.01bn | ¥602.4m |
| Debt | — | — | ¥144.2m | ¥739.3m | ¥761,000 | ¥587,000 | — | −¥1.3m | −¥329,000 | −¥356,000 |
| Shareholders' equity | ¥6.21bn | ¥4.20bn | ¥3.12bn | ¥2.64bn | ¥2.35bn | ¥2.10bn | ¥1.70bn | ¥1.41bn | ¥1.17bn | ¥671.7m |
| Shares outstanding | 43m | 43m | 40m | 13m | 13m | 41m | 42m | 41m | 41m | 49m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥6.61bn | ¥3.64bn | ¥855.5m | ¥426.7m | ¥38.2m | ¥607.0m | ¥551.0m | ¥71.5m | −¥27.3m | ¥214.3m |
| Capital spending | −¥90.5m | −¥42.4m | −¥28.2m | −¥32.2m | −¥16.5m | −¥20.5m | −¥30.1m | −¥18.1m | −¥55.2m | −¥22.2m |
| Free cash flow | ¥6.52bn | ¥3.59bn | ¥827.3m | ¥394.5m | ¥21.8m | ¥586.5m | ¥520.8m | ¥53.4m | −¥82.5m | ¥192.1m |
| Dividends paid | −¥209.8m | −¥132.5m | −¥92.7m | −¥93.5m | −¥47.2m | −¥47.4m | −¥46.4m | −¥32.5m | −¥32.0m | −¥32.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.49bn | ¥3.41bn | ¥3.35bn | ¥3.24bn | ¥4.58bn | ¥6.25bn | ¥5.32bn | ¥3.52bn |
| Gross profit | ¥586.8m | ¥841.0m | ¥691.0m | ¥1.69bn | ¥628.9m | ¥1.05bn | ¥407.7m | ¥656.6m |
| Operating income | ¥291.0m | ¥571.3m | ¥357.1m | ¥1.38bn | ¥318.7m | ¥779.9m | ¥172.0m | ¥455.0m |
| Net income | ¥503.5m | ¥249.3m | ¥372.4m | ¥913.4m | −¥18.0m | ¥791.5m | ¥275.4m | ¥258.5m |
| Diluted earnings per share | 11.71 | 5.80 | 8.66 | 21.26 | -0.42 | 18.43 | 6.41 | 6.47 |
| Total assets | ¥31.94bn | ¥32.70bn | ¥35.27bn | ¥33.42bn | ¥30.69bn | ¥27.19bn | ¥9.34bn | ¥7.31bn |
| Cash and short-term investments | ¥10.03bn | ¥10.47bn | ¥12.58bn | ¥10.14bn | ¥9.22bn | ¥6.55bn | ¥6.01bn | ¥2.80bn |
| Shareholders' equity | ¥6.58bn | ¥6.06bn | ¥6.21bn | ¥5.85bn | ¥5.02bn | ¥5.00bn | ¥4.20bn | ¥3.98bn |
Financial ratios
Data as of 27 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 23.3% | 11.6% | 18.9% | 18.1% | 19.0% | 18.7% | — | — |
| Operating margin | 16.3% | 6.0% | 9.8% | 9.6% | 10.9% | 10.1% | — | — |
| Net margin | 11.8% | 5.9% | 7.7% | 7.0% | 7.7% | 7.1% | — | — |
| Return on equity | 33.2% | 20.5% | 15.4% | 16.7% | 21.1% | 20.1% | — | — |
| Return on assets | 5.8% | 9.2% | 10.4% | 11.3% | 13.9% | 12.0% | — | — |
| Free cash flow yield | 30.7% | 16.9% | 4.4% | 6.8% | 0.8% | 3.0% | — | — |
| Revenue growth | 19.5% | 134.3% | -1.4% | -2.6% | 8.4% | 0.8% | — | — |
| Earnings growth | 139.6% | 78.9% | 9.3% | -11.4% | 17.6% | 29.7% | — | — |
| Current ratio | 1.52x | 1.65x | 2.68x | 2.67x | 2.60x | 2.28x | — | — |
| Debt to equity | — | — | 0.05x | 0.28x | 0.00x | 0.00x | 0.00x | -0.00x |
| Equity ratio | 17.6% | 45.0% | 67.5% | 67.7% | 65.7% | 59.8% | — | — |
| Interest coverage | — | 6429.76x | — | 12069.08x | 1195.99x | 9487.64x | 7127.64x | 1212.89x |
| R&D as a share of sales | — | 0.2% | 0.3% | 0.1% | 0.2% | 0.2% | 0.5% | — |
| Buybacks as a share of market value | -0.1% | -7.5% | -201.0% | 0.9% | 67.1% | 2.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 40.3% | 23.8% | 23.1% |
| Operating income | 67.6% | 36.1% | — |
| Net income | 67.3% | 37.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 18.1% | 18.3% | 17.8% |
| Operating margin | 11.6% | 11.0% | 10.9% | 9.7% |
| Net margin | 9.1% | 8.6% | 8.3% | 7.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.1 | 29.0 | 29.0 | 5.3 | 4.1 | 32.7 | 82.4 | 28.5 | 16.1 | 24.6 |
| Price to sales | 1.1 | 1.7 | 2.2 | 0.4 | 0.3 | 2.3 | 4.5 | 1.4 | 0.7 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 29 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 45.00 | 10.00 | 7.00 | 7.00 | 3.50 | 3.50 | 3.50 | 2.50 |
- 2-for-1 split · 30 Jul 2020
- 2-for-1 split · 29 Jan 2019
- 2-for-1 split · 29 Aug 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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