I 
447
+5.18%
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
¥81.81bn
FY2017FY2026
Net income
¥3.01bn
FY2017FY2026
Free cash flow
¥3.72bn
FY2017FY2026
Shareholders' equity
¥23.64bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥81.81bn | ¥68.77bn | ¥56.09bn | ¥42.89bn | ¥34.40bn | ¥30.95bn | ¥30.56bn | ¥32.19bn | ¥28.47bn | ¥18.89bn |
| Gross profit | ¥32.06bn | ¥27.55bn | ¥22.58bn | ¥17.05bn | ¥13.83bn | ¥12.51bn | ¥11.58bn | ¥15.18bn | ¥13.69bn | ¥10.04bn |
| Research and development | — | ¥106.0m | ¥3.0m | ¥5.0m | — | — | — | ¥8.0m | ¥10.0m | ¥10.0m |
| Operating income | ¥4.08bn | ¥3.16bn | ¥1.94bn | ¥817.0m | −¥639.0m | ¥621.0m | −¥4.95bn | ¥476.0m | ¥2.13bn | ¥1.47bn |
| Net income | ¥3.01bn | ¥2.33bn | ¥1.22bn | ¥275.0m | −¥572.0m | ¥379.0m | −¥5.02bn | −¥520.0m | ¥1.18bn | ¥1.08bn |
| Diluted earnings per share | 25.57 | 18.55 | 10.43 | 2.40 | -7.60 | 5.30 | -74.09 | -7.96 | 18.32 | 16.62 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥40.38bn | ¥34.70bn | ¥28.28bn | ¥24.30bn | ¥22.17bn | ¥22.23bn | ¥24.26bn | ¥22.06bn | ¥21.91bn | ¥18.14bn |
| Cash and short-term investments | ¥10.22bn | ¥8.20bn | ¥6.83bn | ¥7.72bn | ¥6.80bn | ¥8.06bn | ¥7.50bn | ¥4.66bn | ¥7.17bn | ¥7.80bn |
| Total liabilities | ¥16.61bn | ¥17.69bn | ¥16.09bn | ¥13.61bn | ¥13.52bn | ¥14.13bn | ¥18.85bn | ¥11.30bn | ¥9.90bn | ¥7.13bn |
| Debt | ¥6.18bn | ¥8.74bn | ¥8.72bn | ¥8.43bn | ¥9.80bn | ¥11.06bn | ¥14.72bn | ¥7.28bn | ¥5.62bn | ¥3.92bn |
| Shareholders' equity | ¥23.64bn | ¥16.86bn | ¥11.99bn | ¥10.54bn | ¥8.45bn | ¥7.96bn | ¥5.29bn | ¥10.49bn | ¥11.68bn | ¥10.85bn |
| Shares outstanding | 118m | 125m | 117m | 115m | 75m | 71m | 68m | 65m | 65m | 65m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.35bn | ¥3.19bn | ¥3.31bn | ¥2.84bn | ¥1.28bn | ¥1.50bn | −¥574.0m | ¥617.0m | ¥1.79bn | ¥875.0m |
| Capital spending | −¥1.63bn | −¥1.22bn | −¥641.0m | −¥139.0m | −¥49.0m | −¥184.0m | −¥1.48bn | −¥375.0m | −¥329.0m | −¥423.0m |
| Free cash flow | ¥3.72bn | ¥1.98bn | ¥2.67bn | ¥2.70bn | ¥1.23bn | ¥1.31bn | −¥2.05bn | ¥242.0m | ¥1.46bn | ¥452.0m |
| Dividends paid | −¥89.0m | — | — | −¥208.0m | — | −¥14.0m | −¥192.0m | −¥32.0m | −¥32.0m | −¥29.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥22.11bn | ¥19.61bn | ¥21.65bn | ¥18.44bn | ¥18.88bn | ¥16.81bn | ¥18.03bn | ¥15.04bn |
| Gross profit | ¥8.56bn | ¥7.85bn | ¥8.17bn | ¥7.48bn | ¥7.41bn | ¥6.77bn | ¥7.03bn | ¥6.34bn |
| Operating income | ¥1.20bn | ¥1.04bn | ¥801.0m | ¥1.04bn | ¥819.0m | ¥849.0m | ¥734.0m | ¥762.0m |
| Net income | ¥1.05bn | ¥745.0m | ¥564.0m | ¥648.0m | ¥566.0m | ¥661.0m | ¥497.0m | ¥603.0m |
| Diluted earnings per share | 8.95 | 6.33 | 4.50 | 5.17 | 4.51 | 5.27 | 4.27 | 5.18 |
| Total assets | ¥40.38bn | ¥39.15bn | ¥40.65bn | ¥37.92bn | ¥34.70bn | ¥32.37bn | ¥32.48bn | ¥30.04bn |
| Cash and short-term investments | ¥10.22bn | ¥9.63bn | ¥10.20bn | ¥9.32bn | ¥8.20bn | ¥7.86bn | ¥7.97bn | ¥7.68bn |
| Debt | ¥1.98bn | ¥1.59bn | ¥6.53bn | ¥2.40bn | ¥7.83bn | ¥5.20bn | ¥10.35bn | ¥5.20bn |
| Shareholders' equity | ¥23.64bn | ¥22.44bn | ¥21.64bn | ¥20.91bn | ¥16.86bn | ¥13.71bn | ¥13.15bn | ¥12.39bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 39.2% | 40.1% | 40.3% | 39.8% | 40.2% | 40.4% | — | — | — |
| Operating margin | 5.0% | 4.7% | 3.5% | 1.9% | -1.9% | 2.0% | — | — | — |
| Net margin | 3.7% | 3.4% | 2.2% | 0.6% | -1.7% | 1.2% | — | — | — |
| Return on equity | 12.7% | 13.8% | 10.1% | 2.6% | -6.8% | 4.8% | — | — | — |
| Return on assets | 7.5% | 6.7% | 4.3% | 1.1% | -2.6% | 1.7% | — | — | — |
| Free cash flow yield | 11.6% | 6.9% | 6.7% | 5.1% | 3.5% | 4.6% | — | — | — |
| Revenue growth | 19.0% | 22.6% | 30.8% | 24.7% | 11.2% | 1.3% | — | — | — |
| Earnings growth | 29.4% | 91.5% | 341.8% | -148.1% | -250.9% | -107.5% | — | — | — |
| Current ratio | 2.16x | 1.66x | 2.00x | 2.39x | 1.11x | 2.28x | — | — | — |
| Debt to equity | 0.08x | 0.46x | 0.72x | 0.78x | 1.16x | 1.38x | — | — | — |
| Equity ratio | 58.5% | 48.6% | 42.4% | 43.4% | 38.1% | 35.8% | — | — | — |
| Interest coverage | 58.36x | 56.07x | 39.59x | 13.85x | -11.83x | 9.86x | — | — | — |
| R&D as a share of sales | — | 0.2% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 0.1% |
| Buybacks as a share of market value | 6.1% | -7.7% | -1.6% | -52.4% | -5.3% | -5.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.0% | 21.5% | 19.1% |
| Operating income | 71.0% | 45.8% | 8.8% |
| Net income | 122.1% | 51.4% | 9.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.6% | 39.8% | 39.9% | 41.9% |
| Operating margin | 4.8% | 4.0% | 3.2% | 2.5% |
| Net margin | 3.5% | 2.7% | 2.1% | 1.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.6 | 25.3 | 42.5 | 173.1 | -71.3 | 50.7 | -5.5 | -82.3 | 44.7 | 52.9 |
| Price to sales | 0.7 | 0.9 | 0.9 | 1.1 | 1.2 | 0.6 | 0.9 | 1.3 | 1.9 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.50 | 0.50 | 0.50 | 0.50 |
- 2-for-1 split · 27 Jan 2016
- 2-for-1 split · 28 Sept 2015
- 2-for-1 split · 27 Jun 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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