M 
925
+3.12%
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
¥31.71bn
FY2017FY2026
Net income
¥2.97bn
FY2017FY2026
Free cash flow
¥6.98bn
FY2017FY2026
Shareholders' equity
¥9.39bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥31.71bn | ¥25.78bn | ¥18.57bn | ¥15.94bn | ¥13.57bn | ¥12.33bn | ¥11.06bn | ¥6.92bn | ¥3.68bn | ¥3.71bn |
| Gross profit | ¥8.87bn | ¥7.82bn | ¥6.05bn | ¥5.03bn | ¥4.35bn | ¥3.70bn | ¥2.93bn | ¥1.96bn | ¥1.16bn | ¥1.27bn |
| Operating income | ¥5.00bn | ¥4.07bn | ¥2.84bn | ¥2.07bn | ¥1.68bn | ¥1.11bn | ¥729.7m | ¥403.4m | ¥309.1m | ¥426.0m |
| Net income | ¥2.97bn | ¥1.67bn | ¥1.48bn | ¥1.09bn | ¥976.0m | ¥633.1m | ¥470.4m | −¥2.27bn | ¥97.0m | ¥310.2m |
| Diluted earnings per share | 42.61 | 23.47 | 20.76 | 15.16 | 26.99 | 8.66 | 6.51 | -31.13 | 1.34 | 5.18 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥31.62bn | ¥24.67bn | ¥19.55bn | ¥16.44bn | ¥14.19bn | ¥11.76bn | ¥10.66bn | ¥10.21bn | ¥3.04bn | ¥3.07bn |
| Cash and short-term investments | ¥16.38bn | ¥12.33bn | ¥8.78bn | ¥6.93bn | ¥6.74bn | ¥4.82bn | ¥4.87bn | ¥5.36bn | ¥1.41bn | ¥1.17bn |
| Total liabilities | ¥20.67bn | ¥15.88bn | ¥12.41bn | ¥9.79bn | ¥8.79bn | ¥7.31bn | ¥5.85bn | ¥5.84bn | ¥911.1m | ¥841.9m |
| Debt | — | — | ¥659.0m | ¥3.54bn | ¥2.86bn | — | — | — | — | — |
| Shareholders' equity | ¥9.39bn | ¥7.74bn | ¥6.38bn | ¥6.19bn | ¥5.13bn | ¥4.29bn | ¥4.62bn | ¥4.34bn | ¥2.11bn | ¥2.21bn |
| Shares outstanding | 70m | 71m | 71m | 72m | 36m | 73m | 72m | 73m | 72m | 60m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥7.02bn | ¥5.48bn | ¥2.99bn | ¥1.46bn | ¥2.57bn | ¥1.98bn | ¥128.9m | ¥1.44bn | ¥244.6m | ¥352.8m |
| Capital spending | −¥35.0m | −¥368.0m | −¥180.0m | −¥640.0m | −¥557.9m | −¥103.4m | −¥407.0m | −¥204.8m | −¥28.2m | −¥108.9m |
| Free cash flow | ¥6.98bn | ¥5.11bn | ¥2.81bn | ¥817.0m | ¥2.01bn | ¥1.87bn | −¥278.1m | ¥1.24bn | ¥216.5m | ¥244.0m |
| Dividends paid | −¥641.0m | −¥485.0m | −¥360.0m | −¥252.0m | −¥207.6m | −¥200.9m | −¥197.7m | −¥164.1m | −¥164.0m | −¥163.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.02bn | ¥8.25bn | ¥8.36bn | ¥7.69bn | ¥7.41bn | ¥6.79bn | ¥6.72bn | ¥6.43bn |
| Gross profit | ¥2.75bn | ¥1.95bn | ¥2.35bn | ¥2.29bn | ¥2.27bn | ¥1.80bn | ¥2.20bn | ¥2.07bn |
| Operating income | ¥1.61bn | ¥989.0m | ¥1.31bn | ¥1.31bn | ¥1.39bn | ¥809.0m | ¥1.30bn | ¥1.09bn |
| Net income | ¥667.0m | ¥431.0m | ¥838.0m | ¥841.0m | ¥859.0m | ¥12.0m | ¥819.0m | ¥358.0m |
| Diluted earnings per share | 9.57 | 6.19 | 11.81 | 11.86 | 12.11 | 0.17 | 11.48 | 5.02 |
| Total assets | ¥31.01bn | ¥31.62bn | ¥25.51bn | ¥26.52bn | ¥26.33bn | ¥24.67bn | ¥24.14bn | ¥21.23bn |
| Cash and short-term investments | ¥15.35bn | ¥16.38bn | ¥10.67bn | ¥10.92bn | ¥12.38bn | ¥12.33bn | ¥11.39bn | ¥9.50bn |
| Shareholders' equity | ¥8.44bn | ¥9.39bn | ¥9.21bn | ¥8.37bn | ¥7.90bn | ¥7.74bn | ¥7.31bn | ¥6.31bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 28.0% | 30.3% | 32.6% | 31.6% | 32.0% | 30.0% | — | — | — |
| Operating margin | 15.8% | 15.8% | 15.3% | 13.0% | 12.4% | 9.0% | — | — | — |
| Net margin | 9.4% | 6.5% | 8.0% | 6.9% | 7.2% | 5.1% | — | — | — |
| Return on equity | 31.6% | 21.5% | 23.2% | 17.6% | 19.0% | 14.8% | — | — | — |
| Return on assets | 9.4% | 6.7% | 7.6% | 6.6% | 6.9% | 5.4% | — | — | — |
| Free cash flow yield | 12.6% | 10.2% | 5.5% | 3.6% | 10.7% | 3.5% | — | — | — |
| Revenue growth | 23.0% | 38.8% | 16.6% | 17.4% | 10.1% | 11.4% | — | — | — |
| Earnings growth | 78.3% | 12.4% | 35.5% | 12.0% | 54.2% | 34.6% | — | — | — |
| Current ratio | 1.22x | 1.26x | 1.22x | 1.19x | 1.16x | 1.07x | — | — | — |
| Debt to equity | — | — | 0.10x | 0.57x | 0.56x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 29.7% | 31.4% | 32.6% | 37.7% | 36.2% | 36.5% | — | — | — |
| Interest coverage | — | — | — | 9.14x | 23.95x | 123.33x | 1.39x | — | 27537.14x |
| Buybacks as a share of market value | 1.8% | 0.5% | 1.1% | -99.4% | 50.6% | -1.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.8% | 20.8% | 23.8% |
| Operating income | 34.1% | 35.2% | 28.8% |
| Net income | 39.5% | 36.2% | 29.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.0% | 30.2% | 30.4% | 30.3% |
| Operating margin | 15.8% | 15.2% | 14.2% | 12.9% |
| Net margin | 8.1% | 7.8% | 7.5% | 5.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.4 | 38.7 | 39.5 | 35.6 | 26.6 | 59.5 | 47.8 | -10.6 | 154.5 | 31.1 |
| Price to sales | 2.0 | 2.5 | 3.1 | 2.4 | 1.9 | 3.1 | 2.0 | 3.5 | 4.1 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 29.00 | 6.75 | 5.00 | 3.50 | 2.75 | 2.75 | 2.75 | 2.75 |
- 2-for-1 split · 29 Dec 2025
- 4-for-1 split · 29 Dec 2021
- 2-for-1 split · 26 Dec 2012
- 2-for-1 split · 27 Jul 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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