Z 
435
+1.87%
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
¥29.22bn
FY2017FY2026
Net income
¥4.16bn
FY2017FY2026
Free cash flow
¥4.12bn
FY2017FY2026
Shareholders' equity
¥22.51bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥29.22bn | ¥25.45bn | ¥23.25bn | ¥18.71bn | ¥15.27bn | ¥12.56bn | ¥13.20bn | ¥12.85bn | ¥10.27bn | ¥7.53bn |
| Gross profit | ¥23.53bn | ¥20.17bn | ¥18.63bn | ¥14.93bn | ¥12.14bn | ¥9.83bn | ¥10.58bn | ¥10.82bn | ¥8.42bn | ¥6.47bn |
| Research and development | — | — | — | — | — | — | ¥12.0m | ¥12.0m | ¥9.7m | ¥14.7m |
| Operating income | ¥5.89bn | ¥5.66bn | ¥5.40bn | ¥4.27bn | ¥3.25bn | ¥2.88bn | ¥3.74bn | ¥4.06bn | ¥3.29bn | ¥2.46bn |
| Net income | ¥4.16bn | ¥3.87bn | ¥3.80bn | ¥2.93bn | ¥2.26bn | −¥1.96bn | ¥2.67bn | ¥2.81bn | ¥2.17bn | ¥1.47bn |
| Diluted earnings per share | 41.90 | 38.83 | 37.79 | 28.17 | 21.75 | -18.16 | 24.68 | 25.30 | 19.43 | 13.17 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥40.56bn | ¥38.19bn | ¥34.71bn | ¥30.58bn | ¥21.60bn | ¥20.10bn | ¥22.41bn | ¥20.05bn | ¥18.38bn | ¥14.12bn |
| Cash and short-term investments | ¥12.72bn | ¥14.29bn | ¥13.24bn | ¥9.95bn | ¥8.59bn | ¥7.42bn | ¥6.63bn | ¥7.28bn | ¥6.94bn | ¥5.87bn |
| Total liabilities | ¥18.10bn | ¥18.24bn | ¥15.26bn | ¥14.51bn | ¥6.67bn | ¥7.11bn | ¥6.14bn | ¥6.25bn | ¥7.00bn | ¥7.52bn |
| Debt | ¥4.79bn | ¥4.66bn | ¥4.52bn | ¥6.59bn | ¥2.90bn | ¥3.68bn | ¥2.22bn | ¥1.49bn | ¥3.17bn | ¥4.98bn |
| Shareholders' equity | ¥22.51bn | ¥19.98bn | ¥19.45bn | ¥16.07bn | ¥14.93bn | ¥12.99bn | ¥16.26bn | ¥13.80bn | ¥11.38bn | ¥6.60bn |
| Shares outstanding | 99m | 100m | 101m | 104m | 104m | 108m | 108m | 111m | 112m | 112m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥4.25bn | ¥7.33bn | ¥6.84bn | ¥5.71bn | ¥3.85bn | ¥2.57bn | ¥2.14bn | ¥3.14bn | ¥2.87bn | ¥2.04bn |
| Capital spending | −¥132.0m | −¥160.0m | −¥76.0m | −¥88.0m | −¥36.0m | −¥26.0m | −¥79.0m | −¥71.0m | −¥48.3m | −¥72.5m |
| Free cash flow | ¥4.12bn | ¥7.17bn | ¥6.76bn | ¥5.62bn | ¥3.81bn | ¥2.54bn | ¥2.06bn | ¥3.07bn | ¥2.82bn | ¥1.96bn |
| Dividends paid | −¥1.05bn | −¥676.0m | −¥416.0m | −¥378.0m | −¥324.0m | −¥333.0m | −¥201.0m | −¥201.0m | −¥201.0m | −¥201.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.81bn | ¥8.33bn | ¥7.12bn | ¥7.02bn | ¥6.76bn | ¥6.91bn | ¥6.26bn | ¥6.10bn |
| Gross profit | ¥6.38bn | ¥6.70bn | ¥5.71bn | ¥5.62bn | ¥5.50bn | ¥5.72bn | ¥5.09bn | ¥4.97bn |
| Operating income | ¥1.58bn | ¥1.74bn | ¥1.29bn | ¥1.44bn | ¥1.42bn | ¥1.59bn | ¥1.29bn | ¥1.35bn |
| Net income | ¥1.06bn | ¥1.26bn | ¥911.0m | ¥1.01bn | ¥971.0m | ¥1.07bn | ¥913.0m | ¥907.0m |
| Diluted earnings per share | 10.73 | 12.74 | 9.14 | 10.14 | 9.74 | 10.76 | 9.08 | 9.02 |
| Cash from operations | ¥911.0m | ¥1.25bn | ¥1.55bn | ¥2.24bn | −¥796.0m | ¥3.42bn | ¥135.0m | ¥1.99bn |
| Capital spending | −¥29.0m | −¥23.0m | −¥16.0m | −¥40.0m | −¥53.0m | −¥25.0m | −¥21.0m | −¥31.0m |
| Free cash flow | ¥882.0m | ¥1.23bn | ¥1.53bn | ¥2.20bn | −¥849.0m | ¥3.40bn | ¥114.0m | ¥1.96bn |
| Total assets | ¥39.80bn | ¥40.56bn | ¥39.52bn | ¥39.40bn | ¥34.84bn | ¥38.19bn | ¥34.45bn | ¥35.72bn |
| Cash and short-term investments | ¥12.58bn | ¥12.72bn | ¥12.31bn | ¥12.40bn | ¥10.64bn | ¥14.29bn | ¥11.82bn | ¥13.06bn |
| Debt | ¥3.84bn | ¥4.35bn | ¥3.16bn | ¥5.50bn | ¥2.91bn | ¥3.82bn | ¥3.45bn | ¥4.79bn |
| Shareholders' equity | ¥22.31bn | ¥22.51bn | ¥21.40bn | ¥20.63bn | ¥19.69bn | ¥19.98bn | ¥18.90bn | ¥18.09bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 80.5% | 79.3% | 80.1% | 79.8% | 79.5% | 78.3% | — | — | — | — | — | — |
| Operating margin | 20.2% | 22.2% | 23.2% | 22.8% | 21.3% | 22.9% | — | — | — | — | — | — |
| Net margin | 14.2% | 15.2% | 16.3% | 15.7% | 14.8% | -15.6% | — | — | — | — | — | — |
| Return on equity | 18.5% | 19.4% | 19.5% | 18.2% | 15.2% | -15.1% | — | — | — | — | — | — |
| Return on assets | 10.3% | 10.1% | 10.9% | 9.6% | 10.5% | -9.8% | — | — | — | — | — | — |
| Free cash flow yield | 9.8% | 16.7% | 15.3% | 12.4% | 8.3% | 5.3% | — | — | — | — | — | — |
| Revenue growth | 14.8% | 9.5% | 24.3% | 22.5% | 21.6% | -4.8% | — | — | — | — | — | — |
| Earnings growth | 7.4% | 1.9% | 29.7% | 29.5% | -215.2% | -173.6% | — | — | — | — | — | — |
| Current ratio | 1.28x | 1.29x | 1.44x | 1.30x | 2.36x | 2.33x | — | — | — | — | — | — |
| Debt to equity | 0.19x | 0.19x | 0.21x | 0.35x | 0.17x | 0.24x | — | — | — | — | — | — |
| Equity ratio | 55.5% | 52.3% | 56.0% | 52.6% | 69.1% | 64.6% | — | — | — | — | — | — |
| Interest coverage | 151.08x | 171.42x | 415.23x | 426.90x | 541.00x | 410.71x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.1% | 0.1% | 0.2% | 0.7% | 1.0% |
| Buybacks as a share of market value | 0.5% | 0.8% | 3.3% | 0.0% | 3.8% | 0.0% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.0% | 18.4% | 19.3% |
| Operating income | 11.3% | 15.4% | 12.9% |
| Net income | 12.4% | — | 14.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 79.9% | 80.0% | 79.7% | 80.8% |
| Operating margin | 21.1% | 22.0% | 22.0% | 24.6% |
| Net margin | 14.7% | 15.3% | 12.1% | 14.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.7 | 12.4 | 12.6 | 18.9 | 17.2 | -17.0 | 16.0 | 21.5 | 26.1 | 68.5 |
| Price to sales | 1.5 | 1.9 | 2.1 | 3.0 | 2.5 | 2.7 | 3.3 | 4.7 | 5.5 | 13.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 18.50 | 5.00 | 4.00 | 3.50 | 3.00 | 3.00 | 2.00 |
- 2-for-1 split · 27 Dec 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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