B 
471
+3.97%
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
¥20.82bn
FY2016FY2025
Net income
¥1.24bn
FY2016FY2025
Free cash flow
¥6.88bn
FY2016FY2025
Shareholders' equity
¥24.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥20.82bn | ¥18.05bn | ¥15.38bn | ¥13.83bn | ¥20.65bn | ¥21.16bn | ¥22.59bn | ¥21.29bn | ¥18.19bn | ¥16.76bn |
| Gross profit | ¥13.52bn | ¥11.71bn | ¥9.34bn | ¥8.49bn | ¥14.90bn | ¥15.07bn | ¥16.19bn | ¥15.83bn | ¥13.31bn | ¥11.57bn |
| Research and development | — | ¥23.0m | ¥76.0m | ¥30.0m | ¥51.0m | ¥164.2m | ¥92.8m | ¥188.8m | ¥126.7m | ¥285.1m |
| Operating income | ¥2.11bn | ¥631.6m | −¥1.90bn | −¥2.90bn | ¥3.19bn | ¥4.06bn | ¥4.46bn | ¥4.08bn | ¥3.12bn | ¥2.76bn |
| Net income | ¥1.24bn | ¥343.3m | −¥1.49bn | −¥2.43bn | ¥2.17bn | ¥2.46bn | ¥3.09bn | ¥2.66bn | ¥1.93bn | ¥1.88bn |
| Diluted earnings per share | 6.76 | 1.87 | -8.37 | -13.75 | 12.17 | 13.85 | 17.47 | 15.10 | 10.90 | 9.91 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥41.42bn | ¥40.31bn | ¥36.93bn | ¥33.75bn | ¥34.48bn | ¥32.27bn | ¥31.69bn | ¥29.41bn | ¥28.06bn | ¥25.32bn |
| Cash and short-term investments | ¥4.12bn | ¥4.31bn | ¥3.92bn | ¥3.46bn | ¥3.52bn | ¥3.23bn | ¥3.03bn | ¥5.63bn | ¥5.97bn | ¥7.74bn |
| Total liabilities | ¥17.13bn | ¥17.17bn | ¥14.44bn | ¥10.09bn | ¥8.36bn | ¥7.67bn | ¥8.47bn | ¥8.38bn | ¥8.33bn | ¥6.16bn |
| Debt | ¥4.46bn | ¥6.13bn | ¥7.25bn | ¥5.15bn | ¥2.82bn | ¥1.54bn | ¥1.69bn | ¥463.3m | ¥1.11bn | ¥1.73bn |
| Shareholders' equity | ¥24.27bn | ¥23.14bn | ¥22.47bn | ¥23.63bn | ¥26.11bn | ¥24.60bn | ¥23.22bn | ¥21.03bn | ¥19.74bn | ¥19.16bn |
| Shares outstanding | 184m | 183m | 178m | 177m | 179m | 178m | 177m | 176m | 177m | 189m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥6.90bn | ¥6.53bn | ¥3.42bn | ¥1.61bn | ¥3.78bn | ¥5.06bn | ¥3.76bn | ¥4.57bn | ¥2.56bn | ¥3.14bn |
| Capital spending | −¥17.9m | −¥6.3m | −¥57.0m | −¥3.02bn | −¥3.50bn | −¥2.68bn | −¥3.23bn | −¥89.0m | −¥43.7m | −¥32.4m |
| Free cash flow | ¥6.88bn | ¥6.52bn | ¥3.37bn | −¥1.41bn | ¥284.7m | ¥2.38bn | ¥536.6m | ¥4.48bn | ¥2.51bn | ¥3.11bn |
| Dividends paid | −¥403.7m | −¥88.8m | −¥88.4m | −¥413.6m | −¥930.0m | −¥1.15bn | −¥1.14bn | −¥967.2m | −¥1.05bn | −¥720.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.26bn | ¥5.52bn | ¥5.58bn | ¥5.41bn | ¥5.06bn | ¥4.76bn | ¥5.09bn | ¥4.54bn |
| Gross profit | ¥3.64bn | ¥3.75bn | ¥3.66bn | ¥3.49bn | ¥3.25bn | ¥3.12bn | ¥3.30bn | ¥2.95bn |
| Operating income | ¥616.9m | ¥846.5m | ¥629.2m | ¥709.8m | ¥413.4m | ¥361.8m | ¥362.4m | ¥329.8m |
| Net income | ¥461.4m | ¥539.8m | ¥367.8m | ¥455.9m | ¥220.4m | ¥196.2m | ¥182.5m | ¥174.4m |
| Diluted earnings per share | 2.50 | 2.92 | 2.00 | 2.48 | 1.20 | 1.07 | 0.99 | 0.95 |
| Cash from operations | ¥1.81bn | ¥1.24bn | ¥2.85bn | ¥1.92bn | ¥1.79bn | ¥337.0m | ¥2.99bn | ¥1.45bn |
| Capital spending | −¥4.0m | −¥4.0m | −¥4.0m | −¥6.0m | −¥4.0m | −¥2.0m | −¥1.0m | −¥1.0m |
| Free cash flow | ¥1.81bn | ¥1.24bn | ¥2.85bn | ¥1.91bn | ¥1.78bn | ¥335.0m | ¥2.99bn | ¥1.45bn |
| Total assets | ¥43.01bn | ¥41.94bn | ¥41.42bn | ¥41.43bn | ¥40.56bn | ¥39.51bn | ¥40.31bn | ¥39.00bn |
| Cash and short-term investments | ¥3.76bn | ¥3.39bn | ¥4.12bn | ¥4.03bn | ¥3.62bn | ¥3.33bn | ¥4.31bn | ¥3.78bn |
| Debt | ¥5.07bn | ¥2.93bn | ¥4.46bn | ¥4.36bn | ¥6.15bn | ¥3.99bn | ¥3.48bn | ¥3.51bn |
| Shareholders' equity | ¥25.14bn | ¥24.60bn | ¥24.27bn | ¥23.85bn | ¥23.54bn | ¥23.24bn | ¥23.14bn | ¥22.87bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 65.0% | 64.9% | 60.7% | 61.4% | 72.1% | 71.2% | — |
| Operating margin | 10.2% | 3.5% | -12.3% | -20.9% | 15.4% | 19.2% | — |
| Net margin | 6.0% | 1.9% | -9.7% | -17.6% | 10.5% | 11.6% | — |
| Return on equity | 5.1% | 1.5% | -6.6% | -10.3% | 8.3% | 10.0% | — |
| Return on assets | 3.0% | 0.9% | -4.0% | -7.2% | 6.3% | 7.6% | — |
| Free cash flow yield | 7.9% | 7.5% | 4.1% | 5.5% | 8.6% | 9.2% | — |
| Revenue growth | 15.4% | 17.3% | 11.2% | -33.0% | -2.4% | -6.3% | — |
| Earnings growth | 261.3% | -123.1% | -38.8% | -211.9% | -11.9% | -20.3% | — |
| Current ratio | 0.55x | 0.60x | 0.64x | 1.00x | 1.12x | 1.21x | — |
| Debt to equity | 0.18x | 0.27x | 0.32x | 0.22x | 0.11x | 0.06x | — |
| Equity ratio | 58.6% | 57.4% | 60.9% | 70.0% | 75.7% | 76.2% | — |
| Interest coverage | 16.51x | 7.99x | -30.10x | -45.21x | 62.47x | 109.40x | — |
| R&D as a share of sales | — | 0.1% | 0.5% | 0.2% | 0.2% | 0.8% | 0.4% |
| Buybacks as a share of market value | -0.1% | -3.3% | -0.5% | 1.0% | -0.3% | -0.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.6% | -0.3% | 2.2% |
| Operating income | — | -12.2% | -3.6% |
| Net income | — | -12.8% | -4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.9% | 63.2% | 66.5% | 69.0% |
| Operating margin | 7.1% | -3.0% | 4.7% | 11.0% |
| Net margin | 4.1% | -3.4% | 2.1% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 54.7 | 179.6 | -34.5 | -16.0 | 17.9 | 24.6 | 19.1 | 17.6 | 24.0 | 15.9 |
| Price to sales | 3.3 | 3.4 | 3.3 | 2.8 | 1.9 | 2.9 | 2.6 | 2.2 | 2.5 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 0.50 | 0.50 | 2.35 | 5.30 | 6.55 | 6.50 | 5.50 |
- 2-for-1 split · 28 Mar 2018
- 2-for-1 split · 14 Dec 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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