I 
383
+2.68%
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
¥1.84bn
FY2016FY2025
Net income
−¥145.1m
FY2016FY2025
Free cash flow
−¥15.5m
FY2016FY2025
Shareholders' equity
¥1.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.84bn | ¥1.85bn | ¥2.01bn | ¥2.06bn | ¥2.16bn | ¥2.20bn | ¥1.79bn | ¥1.89bn | ¥2.02bn | ¥2.36bn |
| Research and development | — | ¥73.0m | ¥61.0m | ¥46.0m | ¥20.0m | ¥29.2m | ¥338.0m | ¥85.0m | ¥102.0m | ¥189.0m |
| Operating income | −¥8.5m | ¥80.2m | ¥69.5m | ¥241.1m | ¥220.9m | ¥20.5m | −¥413.2m | −¥335.1m | −¥458.3m | ¥13.4m |
| Net income | −¥145.1m | −¥97.9m | ¥36.6m | ¥173.5m | ¥201.6m | ¥50.7m | −¥408.0m | −¥338.0m | −¥334.8m | ¥7.1m |
| Diluted earnings per share | -20.20 | -13.63 | 5.10 | 24.15 | 28.05 | 7.05 | -56.78 | -47.38 | -47.15 | 0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.48bn | ¥1.65bn | ¥1.72bn | ¥1.61bn | ¥1.45bn | ¥1.42bn | ¥1.91bn | ¥1.47bn | ¥1.78bn | ¥2.20bn |
| Cash and short-term investments | ¥711.5m | ¥1.02bn | ¥994.4m | ¥857.5m | ¥608.9m | ¥527.2m | ¥693.1m | ¥831.3m | ¥1.18bn | ¥1.33bn |
| Total liabilities | ¥405.7m | ¥413.1m | ¥392.7m | ¥315.2m | ¥337.2m | ¥510.6m | ¥1.16bn | ¥405.5m | ¥384.1m | ¥443.3m |
| Debt | ¥231.2m | ¥279.0m | ¥198.6m | ¥125.5m | ¥124.7m | ¥226.3m | ¥319.0m | ¥170.9m | ¥229.9m | ¥170.0m |
| Shareholders' equity | ¥1.08bn | ¥1.22bn | ¥1.32bn | ¥1.28bn | ¥1.11bn | ¥907.5m | ¥729.9m | ¥1.06bn | ¥1.40bn | ¥1.76bn |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥12.7m | ¥81.5m | ¥200.6m | ¥270.1m | ¥221.2m | −¥307.6m | −¥433.0m | −¥245.0m | −¥318.0m | ¥4.5m |
| Capital spending | −¥2.9m | −¥24.2m | −¥9.6m | −¥5.7m | −¥31.8m | −¥2.4m | −¥3.0m | −¥27.0m | −¥3.0m | −¥9.4m |
| Free cash flow | −¥15.5m | ¥57.3m | ¥191.0m | ¥264.3m | ¥189.4m | −¥310.0m | −¥436.0m | −¥272.0m | −¥321.0m | −¥4.9m |
| Dividends paid | — | — | — | — | — | — | — | −¥176,000 | −¥3,000 | −¥254,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥467.6m | ¥453.8m | ¥415.0m | ¥553.6m | ¥420.1m | ¥422.7m | ¥440.0m | ¥498.0m |
| Operating income | ¥22.4m | ¥22.5m | −¥22.0m | ¥5.0m | −¥29.5m | −¥10.3m | ¥26.0m | ¥27.0m |
| Net income | −¥19.4m | −¥34.5m | ¥158.5m | −¥27.5m | −¥77.9m | −¥60.3m | ¥20.0m | −¥83.0m |
| Diluted earnings per share | -2.70 | -4.80 | 22.06 | -3.82 | -10.84 | -8.39 | 2.78 | -11.55 |
| Cash from operations | — | — | — | −¥12.0m | — | — | — | — |
| Capital spending | — | — | — | −¥2.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥14.0m | — | — | — | — |
| Total assets | ¥1.52bn | ¥1.57bn | ¥1.63bn | ¥1.48bn | ¥1.50bn | ¥1.59bn | ¥1.70bn | ¥1.65bn |
| Cash and short-term investments | ¥682.4m | ¥691.4m | ¥750.7m | ¥711.5m | ¥723.6m | ¥818.6m | ¥883.0m | ¥1.02bn |
| Debt | ¥144.3m | ¥209.2m | ¥142.8m | ¥229.6m | ¥148.1m | ¥252.0m | ¥146.0m | ¥147.0m |
| Shareholders' equity | ¥1.18bn | ¥1.20bn | ¥1.23bn | ¥1.08bn | ¥1.10bn | ¥1.18bn | ¥1.24bn | ¥1.22bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -8.0% | -4.4% | 3.5% | 10.6% | 11.6% | 1.1% | — |
| Net margin | -7.9% | -5.3% | 1.8% | 8.4% | 9.3% | 2.3% | — |
| Return on equity | -13.5% | -8.0% | 2.8% | 13.5% | 18.2% | 5.6% | — |
| Return on assets | -9.8% | -5.9% | 2.1% | 10.8% | 13.9% | 3.6% | — |
| Free cash flow yield | -0.3% | 3.4% | 6.8% | 8.9% | 8.1% | -9.8% | — |
| Revenue growth | -0.7% | -8.1% | -2.2% | -4.7% | -1.7% | 22.6% | — |
| Earnings growth | 48.2% | -367.3% | -78.9% | -13.9% | 297.9% | -112.4% | — |
| Current ratio | 3.50x | 5.23x | 4.36x | 4.12x | 3.30x | 2.13x | — |
| Debt to equity | 0.21x | 0.22x | 0.15x | 0.09x | 0.10x | 0.23x | — |
| Equity ratio | 72.6% | 74.2% | 76.6% | 79.7% | 76.4% | 63.9% | — |
| Interest coverage | -48.35x | -48.78x | 42.15x | 174.03x | 132.21x | 22.14x | — |
| R&D as a share of sales | — | 3.9% | 3.0% | 2.2% | 0.9% | 1.3% | 18.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.7% | -3.5% | -2.9% |
| Operating income | — | — | -25.7% |
| Net income | — | — | -7.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.9% | 4.9% | 5.2% | -3.3% |
| Net margin | -6.6% | -0.4% | 1.8% | -5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.8 | -24.7 | 77.1 | 15.6 | 18.1 | 67.0 | -10.2 | -5.6 | -6.0 | 454.1 |
| Price to sales | 2.7 | 1.3 | 1.4 | 1.3 | 1.7 | 1.5 | 2.3 | 1.0 | 1.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Sept 2014.
| FY2015 | FY2013 | FY2009 | FY2008 | FY2006 | |
|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 10.00 | 2.50 | 10.00 |
- 100-for-1 split · 27 Mar 2013
- 3-for-1 split · 28 Mar 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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