N 
2,300
+2.04%
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
¥2.61bn
FY2016FY2025
Net income
¥903.7m
FY2016FY2025
Free cash flow
¥1.01bn
FY2016FY2025
Shareholders' equity
¥10.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.61bn | ¥2.52bn | ¥2.47bn | ¥2.53bn | ¥2.48bn | ¥2.50bn | ¥2.45bn | ¥2.36bn | ¥2.06bn | ¥1.46bn |
| Gross profit | ¥2.30bn | ¥2.27bn | ¥2.23bn | ¥2.31bn | ¥2.27bn | ¥2.13bn | ¥2.23bn | ¥2.01bn | ¥1.73bn | ¥1.20bn |
| Research and development | ¥630.1m | ¥654.7m | ¥530.2m | ¥503.1m | ¥548.0m | ¥484.0m | ¥479.2m | ¥414.5m | ¥500.8m | ¥343.0m |
| Operating income | ¥1.34bn | ¥1.24bn | ¥1.33bn | ¥1.46bn | ¥1.41bn | ¥1.35bn | ¥1.47bn | ¥1.29bn | ¥970.6m | ¥584.3m |
| Net income | ¥903.7m | ¥852.2m | ¥911.3m | ¥1.03bn | ¥1.00bn | ¥875.7m | ¥1.01bn | ¥836.9m | ¥642.6m | ¥386.9m |
| Diluted earnings per share | 89.00 | 82.90 | 88.65 | 99.97 | 97.31 | 85.19 | 97.88 | 81.53 | 62.79 | 39.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥11.50bn | ¥10.70bn | ¥10.13bn | ¥9.69bn | ¥8.29bn | ¥7.68bn | ¥6.59bn | ¥6.01bn | ¥5.02bn | ¥4.16bn |
| Cash and short-term investments | ¥10.35bn | ¥9.54bn | ¥8.90bn | ¥8.21bn | ¥7.17bn | ¥7.14bn | ¥5.59bn | ¥4.56bn | ¥3.85bn | ¥3.81bn |
| Total liabilities | ¥618.0m | ¥523.9m | ¥595.8m | ¥863.5m | ¥593.8m | ¥860.9m | ¥523.8m | ¥844.1m | ¥612.7m | ¥315.6m |
| Debt | — | — | ¥271.2m | ¥441.6m | — | — | — | — | — | ¥150.8m |
| Shareholders' equity | ¥10.88bn | ¥10.18bn | ¥9.53bn | ¥8.83bn | ¥7.70bn | ¥6.82bn | ¥6.07bn | ¥5.17bn | ¥4.41bn | ¥3.84bn |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.01bn | ¥848.4m | ¥903.6m | ¥1.24bn | ¥102.5m | ¥1.71bn | ¥1.13bn | ¥792.7m | ¥113.1m | ¥831.6m |
| Capital spending | −¥742,000 | −¥1.9m | −¥5.6m | −¥1.4m | −¥63.8m | −¥7.3m | −¥1.6m | −¥1.0m | −¥6.9m | −¥387,000 |
| Free cash flow | ¥1.01bn | ¥846.5m | ¥898.0m | ¥1.24bn | ¥38.6m | ¥1.70bn | ¥1.13bn | ¥791.7m | ¥106.2m | ¥831.2m |
| Dividends paid | −¥204.9m | −¥204.9m | −¥204.8m | −¥204.6m | −¥122.8m | −¥123.0m | −¥101.7m | −¥81.7m | −¥71.4m | −¥71.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥667.7m | ¥598.0m | ¥938.0m | ¥1.57bn | ¥435.7m | ¥230.7m | ¥374.0m | ¥1.25bn |
| Gross profit | ¥543.6m | ¥567.0m | ¥922.3m | ¥1.37bn | ¥378.7m | ¥213.5m | ¥343.0m | ¥1.06bn |
| Operating income | ¥289.6m | ¥283.7m | ¥685.6m | ¥1.13bn | ¥141.5m | −¥15.4m | ¥88.0m | ¥787.0m |
| Net income | ¥200.3m | ¥202.8m | ¥486.2m | ¥765.8m | ¥93.5m | −¥36.9m | ¥81.0m | ¥521.0m |
| Diluted earnings per share | 20.30 | 20.56 | 47.89 | 75.42 | 9.21 | -3.63 | 7.88 | 50.68 |
| Cash from operations | — | — | — | ¥1.01bn | — | — | — | — |
| Total assets | ¥11.71bn | ¥11.52bn | ¥10.95bn | ¥11.50bn | ¥10.38bn | ¥10.38bn | ¥10.35bn | ¥10.70bn |
| Cash and short-term investments | ¥10.80bn | ¥10.72bn | ¥9.98bn | ¥10.35bn | ¥9.84bn | ¥9.82bn | ¥9.73bn | ¥9.54bn |
| Shareholders' equity | ¥10.95bn | ¥10.75bn | ¥10.55bn | ¥10.88bn | ¥10.11bn | ¥10.02bn | ¥10.05bn | ¥10.18bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 88.0% | 90.0% | 90.2% | 91.0% | 91.7% | 85.5% | — | — |
| Operating margin | 51.3% | 49.1% | 53.7% | 57.6% | 56.9% | 54.1% | — | — |
| Net margin | 34.6% | 33.8% | 36.8% | 40.6% | 40.4% | 35.1% | — | — |
| Return on equity | 8.3% | 8.4% | 9.6% | 11.6% | 13.0% | 12.8% | — | — |
| Return on assets | 7.9% | 8.0% | 9.0% | 10.6% | 12.1% | 11.4% | — | — |
| Free cash flow yield | 3.5% | 2.9% | 3.1% | 4.2% | 0.6% | 5.8% | — | — |
| Revenue growth | 3.5% | 2.1% | -2.4% | 2.3% | -0.7% | 1.7% | — | — |
| Earnings growth | 6.0% | -6.5% | -11.3% | 2.7% | 14.2% | -13.0% | — | — |
| Current ratio | 18.34x | 20.13x | 16.71x | 11.02x | 13.51x | 8.48x | — | — |
| Debt to equity | — | — | 0.03x | 0.05x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 94.6% | 95.1% | 94.1% | 91.1% | 92.8% | 88.8% | — | — |
| R&D as a share of sales | 24.1% | 25.9% | 21.4% | 19.9% | 22.1% | 19.4% | — | — |
| Buybacks as a share of market value | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.0% | 0.9% | 5.2% |
| Operating income | -2.8% | -0.1% | 6.8% |
| Net income | -4.2% | 0.6% | 7.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 89.0% | 89.8% | 89.4% | 88.0% |
| Operating margin | 50.2% | 52.9% | 53.8% | 52.5% |
| Net margin | 34.2% | 36.4% | 36.8% | 35.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.6 | 14.3 | 13.4 | 12.7 | 14.2 | 16.4 | 12.6 | 11.5 | 14.8 | 18.4 |
| Price to sales | 6.4 | 4.8 | 4.9 | 5.1 | 5.7 | 5.8 | 5.2 | 4.1 | 4.6 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 6.00 | 6.00 | 5.00 |
- 100-for-1 split · 27 Mar 2013
- 5-for-1 split · 27 Jun 2005
- 2-for-1 split · 26 Mar 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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