A 
236
+3.06%
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
¥16.47bn
FY2016FY2025
Net income
¥352.0m
FY2016FY2025
Free cash flow
−¥766.0m
FY2016FY2025
Shareholders' equity
¥8.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥16.47bn | ¥19.16bn | ¥22.67bn | ¥20.59bn | ¥21.54bn | ¥25.70bn | ¥28.35bn | ¥31.47bn | ¥15.87bn | ¥5.91bn |
| Gross profit | ¥6.08bn | ¥6.06bn | ¥6.61bn | ¥7.00bn | ¥8.69bn | ¥9.60bn | ¥11.39bn | ¥10.33bn | ¥7.88bn | ¥513.2m |
| Research and development | ¥247.0m | ¥340.0m | ¥377.0m | ¥121.0m | ¥294.0m | ¥115.0m | ¥21.0m | ¥31.0m | ¥12.2m | ¥5.0m |
| Operating income | ¥666.0m | −¥348.0m | ¥584.0m | ¥846.0m | ¥840.0m | ¥364.0m | ¥2.17bn | ¥1.82bn | ¥2.68bn | −¥1.65bn |
| Net income | ¥352.0m | −¥739.0m | ¥480.0m | ¥172.0m | ¥586.0m | −¥4.52bn | ¥1.51bn | −¥1.38bn | ¥2.08bn | −¥2.15bn |
| Diluted earnings per share | 17.36 | -34.87 | 21.55 | 7.76 | 26.57 | -202.20 | 65.47 | -59.76 | 110.31 | -143.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥21.24bn | ¥20.26bn | ¥21.14bn | ¥20.37bn | ¥19.24bn | ¥19.39bn | ¥28.79bn | ¥28.34bn | ¥27.77bn | ¥7.78bn |
| Cash and short-term investments | ¥8.07bn | ¥8.25bn | ¥8.76bn | ¥9.46bn | ¥9.72bn | ¥8.34bn | ¥10.21bn | ¥9.78bn | ¥9.09bn | ¥3.06bn |
| Total liabilities | ¥12.00bn | ¥11.68bn | ¥11.46bn | ¥11.07bn | ¥10.09bn | ¥10.56bn | ¥14.52bn | ¥15.59bn | ¥14.66bn | ¥3.72bn |
| Debt | ¥7.58bn | ¥7.45bn | ¥7.01bn | ¥5.80bn | ¥4.91bn | ¥5.46bn | ¥6.33bn | ¥8.50bn | ¥7.99bn | ¥690.1m |
| Shareholders' equity | ¥8.56bn | ¥8.39bn | ¥9.53bn | ¥9.14bn | ¥9.02bn | ¥8.58bn | ¥13.96bn | ¥12.53bn | ¥12.98bn | ¥3.92bn |
| Shares outstanding | 20m | 21m | 22m | 22m | 22m | 22m | 23m | 23m | 19m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥727.0m | −¥327.0m | −¥1.98bn | −¥1.08bn | ¥2.05bn | −¥192.0m | ¥4.43bn | ¥3.85bn | ¥3.46bn | ¥360.8m |
| Capital spending | −¥39.0m | −¥69.0m | −¥39.0m | −¥243.0m | −¥164.0m | −¥146.0m | −¥1.95bn | −¥143.0m | −¥81.2m | −¥42.9m |
| Free cash flow | −¥766.0m | −¥396.0m | −¥2.01bn | −¥1.33bn | ¥1.88bn | −¥338.0m | ¥2.48bn | ¥3.71bn | ¥3.37bn | ¥317.9m |
| Dividends paid | −¥105.0m | −¥110.0m | −¥110.0m | −¥109.0m | −¥110.0m | −¥275.0m | −¥114.0m | −¥205.0m | −¥74.2m | −¥74.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.79bn | ¥4.66bn | ¥4.67bn | ¥3.51bn | ¥4.29bn | ¥4.00bn | ¥4.28bn | ¥5.34bn |
| Gross profit | ¥1.32bn | ¥1.40bn | ¥1.52bn | ¥1.53bn | ¥1.42bn | ¥1.62bn | ¥1.77bn | ¥1.55bn |
| Operating income | ¥114.0m | ¥222.0m | ¥126.0m | ¥118.0m | ¥103.0m | ¥321.0m | ¥258.0m | ¥71.0m |
| Net income | ¥36.0m | ¥142.0m | ¥25.0m | ¥68.0m | ¥70.0m | ¥189.0m | −¥376.0m | −¥78.0m |
| Diluted earnings per share | 1.78 | 7.01 | 1.23 | 3.35 | 3.45 | 9.32 | -17.74 | -3.68 |
| Total assets | ¥20.53bn | ¥20.73bn | ¥21.24bn | ¥20.98bn | ¥20.12bn | ¥20.55bn | ¥20.26bn | ¥19.67bn |
| Cash and short-term investments | ¥7.40bn | ¥7.46bn | ¥8.07bn | ¥8.50bn | ¥8.31bn | ¥8.38bn | ¥8.25bn | ¥9.10bn |
| Debt | ¥7.48bn | ¥5.23bn | ¥7.58bn | ¥4.05bn | ¥7.57bn | ¥3.37bn | ¥3.05bn | ¥2.59bn |
| Shareholders' equity | ¥8.56bn | ¥8.55bn | ¥8.56bn | ¥8.60bn | ¥8.52bn | ¥8.47bn | ¥8.39bn | ¥8.91bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.9% | 31.7% | 29.2% | 34.0% | 40.3% | 37.4% |
| Operating margin | 4.0% | -0.2% | 2.1% | 4.1% | 3.9% | 1.4% |
| Net margin | 2.1% | -3.9% | 2.1% | 0.8% | 2.7% | -17.6% |
| Return on equity | 4.1% | -8.8% | 5.0% | 1.9% | 6.5% | -52.7% |
| Return on assets | 1.7% | -3.6% | 2.3% | 0.8% | 3.0% | -23.3% |
| Free cash flow yield | -14.6% | -5.2% | -37.5% | -16.4% | 43.2% | -0.9% |
| Revenue growth | -14.0% | -15.5% | 10.1% | -4.4% | -16.2% | -9.3% |
| Earnings growth | -147.6% | -254.0% | 179.1% | -70.6% | -113.0% | -398.9% |
| Current ratio | 1.95x | 2.36x | 2.52x | 2.34x | 2.36x | 2.30x |
| Debt to equity | 0.89x | 0.89x | 0.74x | 0.63x | 0.54x | 0.64x |
| Equity ratio | 40.3% | 41.4% | 45.1% | 44.9% | 46.9% | 44.2% |
| Interest coverage | 3.78x | -0.32x | 4.59x | 9.84x | 10.77x | 4.09x |
| R&D as a share of sales | 1.5% | 1.8% | 1.7% | 0.6% | 1.4% | 0.4% |
| Buybacks as a share of market value | 4.3% | 4.8% | -0.5% | -0.5% | 1.4% | 3.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.2% | -8.5% | 14.7% |
| Operating income | -7.7% | 12.8% | — |
| Net income | 27.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.1% | 32.6% | 34.9% | 35.5% |
| Operating margin | 0.9% | 2.2% | 2.3% | 3.5% |
| Net margin | -1.1% | 0.3% | -2.9% | -2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | -7.2 | 13.9 | 50.4 | 15.1 | -2.1 | 14.4 | -7.9 | 13.4 | -4.9 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.8 | 0.3 | 1.8 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 | 12.00 | 5.00 | 10.00 |
- 2-for-1 split · 28 Jun 2017
- 100-for-1 split · 26 Jun 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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