C 
432
+4.60%
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
¥25.93bn
FY2016FY2025
Net income
−¥306.0m
FY2016FY2025
Free cash flow
¥2.56bn
FY2016FY2025
Shareholders' equity
¥68.93bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥25.93bn | ¥25.98bn | ¥30.93bn | ¥32.54bn | ¥37.13bn | ¥45.13bn | ¥38.92bn | ¥45.78bn | ¥52.25bn | ¥84.73bn |
| Gross profit | ¥7.99bn | ¥6.76bn | ¥9.19bn | ¥9.84bn | ¥13.02bn | ¥20.85bn | ¥12.51bn | ¥17.42bn | ¥23.80bn | ¥47.29bn |
| Research and development | ¥1.50bn | ¥2.87bn | ¥2.48bn | ¥2.21bn | ¥3.40bn | ¥3.40bn | ¥3.52bn | ¥2.52bn | ¥2.68bn | ¥2.91bn |
| Operating income | ¥1.00bn | −¥1.21bn | ¥2.65bn | ¥4.31bn | ¥6.32bn | ¥12.25bn | ¥4.51bn | ¥6.95bn | ¥12.93bn | ¥31.86bn |
| Net income | −¥306.0m | −¥1.87bn | ¥1.75bn | ¥2.41bn | ¥3.05bn | ¥7.98bn | ¥1.07bn | ¥4.19bn | ¥8.69bn | ¥20.71bn |
| Diluted earnings per share | -2.38 | -14.54 | 13.61 | 18.83 | 23.76 | 62.27 | 8.35 | 32.98 | 67.82 | 161.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥75.74bn | ¥79.81bn | ¥81.46bn | ¥83.28bn | ¥81.10bn | ¥86.16bn | ¥74.74bn | ¥77.24bn | ¥75.74bn | ¥72.30bn |
| Cash and short-term investments | ¥59.01bn | ¥60.43bn | ¥67.92bn | ¥71.25bn | ¥66.64bn | ¥65.31bn | ¥55.82bn | ¥60.40bn | ¥51.41bn | ¥52.56bn |
| Total liabilities | ¥6.80bn | ¥8.41bn | ¥5.40bn | ¥6.70bn | ¥5.34bn | ¥10.38bn | ¥5.31bn | ¥6.62bn | ¥6.45bn | ¥10.15bn |
| Debt | ¥999.0m | ¥1.67bn | — | — | — | — | — | — | — | −¥862.8m |
| Shareholders' equity | ¥68.93bn | ¥71.38bn | ¥76.06bn | ¥76.57bn | ¥75.75bn | ¥75.78bn | ¥69.43bn | ¥70.63bn | ¥69.29bn | ¥62.15bn |
| Shares outstanding | 128m | 128m | 128m | 128m | 128m | 128m | 128m | 127m | 128m | 128m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.65bn | ¥237.0m | ¥1.16bn | ¥3.64bn | −¥3.10bn | ¥15.01bn | ¥53.0m | ¥9.42bn | ¥4.96bn | ¥19.14bn |
| Capital spending | −¥90.0m | −¥145.0m | −¥132.0m | −¥1.07bn | −¥189.0m | −¥101.0m | −¥240.0m | −¥152.0m | −¥685.0m | −¥557.5m |
| Free cash flow | ¥2.56bn | ¥92.0m | ¥1.03bn | ¥2.57bn | −¥3.29bn | ¥14.91bn | −¥187.0m | ¥9.27bn | ¥4.27bn | ¥18.58bn |
| Dividends paid | −¥2.57bn | −¥2.57bn | −¥2.57bn | −¥2.56bn | −¥3.19bn | −¥2.16bn | −¥2.15bn | −¥2.63bn | −¥2.11bn | −¥1.96bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.61bn | ¥5.32bn | ¥4.77bn | ¥6.93bn | ¥4.96bn | ¥8.73bn | ¥5.31bn | ¥7.66bn |
| Gross profit | ¥1.81bn | ¥1.70bn | ¥1.08bn | ¥1.85bn | ¥839.0m | ¥4.26bn | ¥1.03bn | ¥2.23bn |
| Operating income | ¥788.0m | ¥620.0m | −¥86.0m | ¥394.0m | −¥805.0m | ¥2.14bn | −¥730.0m | −¥433.0m |
| Net income | ¥679.0m | ¥655.0m | ¥169.0m | ¥295.0m | −¥778.0m | ¥133.0m | ¥44.0m | −¥1.38bn |
| Diluted earnings per share | 5.28 | 5.09 | 1.32 | 2.30 | -6.06 | 1.04 | 0.34 | -10.72 |
| Cash from operations | — | — | — | ¥2.65bn | — | — | — | — |
| Capital spending | — | — | — | −¥90.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥2.56bn | — | — | — | — |
| Total assets | ¥72.25bn | ¥71.95bn | ¥72.18bn | ¥75.74bn | ¥82.01bn | ¥75.92bn | ¥76.31bn | ¥79.81bn |
| Cash and short-term investments | ¥55.26bn | ¥56.01bn | ¥55.82bn | ¥59.01bn | ¥58.68bn | ¥60.00bn | ¥59.60bn | ¥60.43bn |
| Debt | — | — | — | ¥999.0m | — | ¥666.0m | — | ¥666.0m |
| Shareholders' equity | ¥67.10bn | ¥66.54bn | ¥66.21bn | ¥68.93bn | ¥73.79bn | ¥68.93bn | ¥69.09bn | ¥71.38bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 30.8% | 26.0% | 29.7% | 30.2% | 35.1% | 46.2% | — |
| Operating margin | 3.9% | -4.6% | 8.6% | 13.2% | 17.0% | 27.1% | — |
| Net margin | -1.2% | -7.2% | 5.6% | 7.4% | 8.2% | 17.7% | — |
| Return on equity | -0.4% | -2.6% | 2.3% | 3.2% | 4.0% | 10.5% | — |
| Return on assets | -0.4% | -2.3% | 2.1% | 2.9% | 3.8% | 9.3% | — |
| Free cash flow yield | 4.9% | 0.7% | 2.3% | 8.4% | -5.2% | 26.9% | — |
| Revenue growth | -0.2% | -16.0% | -5.0% | -12.3% | -17.7% | 16.0% | — |
| Earnings growth | -83.6% | -206.9% | -27.7% | -20.8% | -61.8% | 645.5% | — |
| Current ratio | 11.39x | 10.24x | 17.43x | 13.68x | 15.12x | 7.79x | — |
| Debt to equity | 0.01x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 91.0% | 89.4% | 93.4% | 91.9% | 93.4% | 87.9% | — |
| Interest coverage | 125.38x | -172.43x | — | 78.36x | 1.40x | 4.41x | 1.41x |
| R&D as a share of sales | 5.8% | 11.1% | 8.0% | 6.8% | 9.1% | 7.5% | — |
| Buybacks as a share of market value | -0.1% | -0.1% | -0.1% | 0.0% | -0.1% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.3% | -10.5% | -9.8% |
| Operating income | -38.5% | -39.4% | -29.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.4% | 29.3% | 34.2% | 43.0% |
| Operating margin | -0.4% | 5.9% | 12.8% | 23.2% |
| Net margin | -4.2% | 1.7% | 6.6% | 13.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -180.1 | -33.0 | 43.4 | 33.4 | 27.6 | 16.4 | 138.9 | 22.9 | 18.1 | 6.1 |
| Price to sales | 2.1 | 2.4 | 2.5 | 2.5 | 2.3 | 2.9 | 3.8 | 2.1 | 3.0 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 45.00 | 20.00 | 20.00 | 20.00 | 20.00 | 25.00 | 17.00 | 5.00 |
- 3-for-1 split · 26 Sept 2013
- 5-for-1 split · 29 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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