D 
1,230
+1.57%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥933.1m
FY2016FY2025
Net income
−¥71.3m
FY2016FY2025
Free cash flow
−¥458.4m
FY2016FY2025
Shareholders' equity
¥843.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥933.1m | ¥838.5m | ¥665.5m | ¥623.9m | ¥303.2m | ¥586.7m | ¥2.47bn | ¥4.32bn | ¥4.34bn | ¥4.60bn |
| Research and development | — | — | ¥16.8m | — | — | — | — | — | — | — |
| Operating income | −¥53.0m | −¥2.2m | −¥239.9m | ¥78.3m | −¥134.6m | −¥322.1m | −¥376.2m | −¥313.6m | −¥103.5m | ¥76.4m |
| Net income | −¥71.3m | ¥21.2m | −¥277.0m | −¥201.9m | ¥33.4m | −¥523.0m | −¥25.4m | −¥300.1m | −¥171.0m | −¥89.5m |
| Diluted earnings per share | -16.08 | 5.21 | -77.15 | -56.24 | 9.28 | -151.85 | -7.40 | -87.47 | -62.32 | -32.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.33bn | ¥2.34bn | ¥1.69bn | ¥1.62bn | ¥1.30bn | ¥1.80bn | ¥2.43bn | ¥3.81bn | ¥3.49bn | ¥3.66bn |
| Cash and short-term investments | ¥1.11bn | ¥801.2m | ¥444.8m | ¥921.2m | ¥601.7m | ¥1.09bn | ¥1.49bn | ¥1.31bn | ¥1.31bn | ¥1.49bn |
| Total liabilities | ¥2.41bn | ¥1.52bn | ¥1.16bn | ¥835.4m | ¥457.2m | ¥995.2m | ¥1.10bn | ¥2.26bn | ¥2.55bn | ¥2.63bn |
| Debt | ¥1.36bn | ¥781.7m | ¥478.5m | ¥279.9m | ¥238.0m | ¥323.5m | ¥611.9m | ¥1.23bn | ¥1.46bn | ¥1.35bn |
| Shareholders' equity | ¥843.2m | ¥720.3m | ¥490.3m | ¥781.9m | ¥841.0m | ¥806.6m | ¥1.33bn | ¥1.35bn | ¥757.8m | ¥923.9m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥445.1m | −¥17.1m | −¥229.2m | ¥71.0m | ¥83.2m | −¥443.2m | −¥364.3m | −¥367.2m | −¥69.4m | ¥282.4m |
| Capital spending | −¥13.2m | −¥322,000 | −¥429,000 | −¥1.8m | −¥20.2m | −¥11.8m | −¥29.3m | −¥2.2m | −¥6.3m | −¥63.7m |
| Free cash flow | −¥458.4m | −¥17.5m | −¥229.6m | ¥69.2m | ¥63.0m | −¥455.0m | −¥393.6m | −¥369.5m | −¥75.7m | ¥218.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥456.0m | ¥397.8m | ¥332.8m | ¥279.6m | ¥186.2m | ¥228.6m | ¥238.8m | ¥219.4m |
| Operating income | ¥26.5m | ¥1.1m | ¥29.0m | ¥22.1m | −¥59.8m | −¥7.0m | −¥8.2m | −¥2.0m |
| Net income | −¥2.6m | −¥56.4m | ¥10.7m | ¥28.9m | −¥56.5m | −¥31.4m | −¥12.3m | −¥2.2m |
| Diluted earnings per share | -0.59 | -12.95 | 2.41 | 6.52 | -12.74 | -7.09 | -3.02 | -0.55 |
| Cash from operations | ¥2.33bn | ¥809.0m | −¥312.0m | −¥224.0m | −¥425.0m | ¥341.0m | −¥137.0m | −¥25.0m |
| Capital spending | — | −¥8.0m | — | — | −¥4.0m | −¥4.0m | −¥3.0m | — |
| Free cash flow | — | ¥801.0m | — | — | −¥429.0m | ¥337.0m | −¥140.0m | — |
| Total assets | ¥8.32bn | ¥4.47bn | ¥3.49bn | ¥3.33bn | ¥2.94bn | ¥2.76bn | ¥2.29bn | ¥2.34bn |
| Cash and short-term investments | ¥4.11bn | ¥1.34bn | ¥840.7m | ¥1.11bn | ¥1.04bn | ¥1.17bn | ¥587.4m | ¥801.2m |
| Debt | ¥1.45bn | ¥1.13bn | ¥1.27bn | ¥1.34bn | ¥872.0m | ¥844.7m | ¥694.0m | ¥679.3m |
| Shareholders' equity | ¥800.6m | ¥803.6m | ¥860.2m | ¥843.2m | ¥807.8m | ¥864.6m | ¥758.6m | ¥720.3m |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -5.7% | -0.3% | -36.1% | 12.5% | -44.4% | -54.9% |
| Net margin | -7.6% | 2.5% | -41.6% | -32.4% | 11.0% | -89.2% |
| Return on equity | -8.5% | 2.9% | -56.5% | -25.8% | 4.0% | -64.8% |
| Return on assets | -2.1% | 0.9% | -16.4% | -12.5% | 2.6% | -29.0% |
| Free cash flow yield | -5.4% | -0.2% | -3.5% | 1.1% | 1.6% | -6.9% |
| Revenue growth | 11.3% | 26.0% | 6.7% | 105.8% | -48.3% | -76.3% |
| Earnings growth | -436.5% | -107.6% | 37.2% | -704.8% | -106.4% | 1960.2% |
| Current ratio | 1.20x | 1.14x | 1.03x | 2.66x | 1.92x | 2.36x |
| Debt to equity | 1.58x | 1.07x | 0.94x | 0.30x | 0.28x | 0.40x |
| Equity ratio | 25.3% | 30.8% | 29.0% | 48.3% | 64.8% | 44.8% |
| Interest coverage | -1.57x | -0.15x | -69.38x | 36.22x | -78.88x | -99.02x |
| R&D as a share of sales | — | — | 2.5% | — | — | — |
| Buybacks as a share of market value | -9.1% | -13.2% | 0.0% | 0.2% | -4.5% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.4% | 9.7% | -12.7% |
| Operating income | — | -30.3% | — |
| Net income | -29.3% | -32.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.1% | -7.1% | -17.0% | -5.7% |
| Net margin | -2.8% | -17.3% | -25.8% | -6.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -86.0 | 145.1 | -7.0 | -13.9 | 141.1 | -4.5 | -82.8 | -6.7 | -21.0 | -54.2 |
| Price to sales | 6.6 | 3.7 | 2.9 | 4.5 | 15.5 | 4.0 | 0.8 | 0.5 | 0.8 | 1.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.