B 
206
+5.64%
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
¥15.29bn
FY2016FY2025
Net income
¥300.2m
FY2016FY2025
Free cash flow
¥510.1m
FY2016FY2025
Shareholders' equity
¥8.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.29bn | ¥13.42bn | ¥13.24bn | ¥14.13bn | ¥15.53bn | ¥16.08bn | ¥14.66bn | ¥6.30bn | ¥10.73bn | ¥38.99bn |
| Gross profit | ¥3.23bn | ¥3.18bn | ¥2.55bn | ¥2.75bn | ¥3.34bn | ¥3.69bn | ¥3.26bn | ¥1.27bn | ¥2.74bn | ¥6.28bn |
| Research and development | — | ¥104.2m | ¥82.0m | ¥113.6m | ¥129.4m | ¥95.4m | ¥130.2m | — | ¥217.3m | ¥118.1m |
| Operating income | ¥811.1m | ¥668.3m | −¥84.7m | −¥48.3m | ¥53.8m | ¥524.9m | −¥599.4m | −¥843.5m | ¥341.3m | ¥846.5m |
| Net income | ¥300.2m | ¥404.4m | ¥99.8m | −¥392.0m | −¥3.9m | ¥342.5m | −¥912.9m | ¥165.2m | −¥330.1m | ¥427.1m |
| Diluted earnings per share | 4.89 | 6.59 | 1.63 | -6.41 | -0.06 | 5.73 | -15.29 | 3.22 | -6.45 | 8.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥19.18bn | ¥19.79bn | ¥19.48bn | ¥20.52bn | ¥24.40bn | ¥23.36bn | ¥24.38bn | ¥23.15bn | ¥18.24bn | ¥13.53bn |
| Cash and short-term investments | ¥6.98bn | ¥7.60bn | ¥6.16bn | ¥7.01bn | ¥5.54bn | ¥6.13bn | ¥5.91bn | ¥7.47bn | ¥6.63bn | ¥6.96bn |
| Total liabilities | ¥7.11bn | ¥7.79bn | ¥7.81bn | ¥8.73bn | ¥11.04bn | ¥11.29bn | ¥12.71bn | ¥12.98bn | ¥9.05bn | ¥5.32bn |
| Debt | ¥2.36bn | ¥2.94bn | ¥3.64bn | ¥4.53bn | ¥5.07bn | ¥6.42bn | ¥7.76bn | ¥1.86bn | ¥5.27bn | ¥2.89bn |
| Shareholders' equity | ¥8.78bn | ¥8.66bn | ¥8.31bn | ¥8.21bn | ¥9.49bn | ¥8.46bn | ¥8.24bn | ¥7.21bn | ¥7.01bn | ¥8.07bn |
| Shares outstanding | 61m | 61m | 61m | 61m | 60m | 60m | 60m | 51m | 51m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.34bn | ¥2.76bn | ¥737.4m | ¥1.81bn | ¥1.60bn | ¥2.28bn | ¥1.41bn | −¥606.0m | −¥196.2m | ¥877.0m |
| Capital spending | −¥829.4m | −¥548.0m | −¥803.8m | −¥1.18bn | −¥1.10bn | −¥515.3m | −¥2.95bn | −¥7.60bn | −¥2.04bn | −¥761.1m |
| Free cash flow | ¥510.1m | ¥2.21bn | −¥66.4m | ¥631.6m | ¥498.5m | ¥1.77bn | −¥1.55bn | −¥8.21bn | −¥2.24bn | ¥116.0m |
| Dividends paid | −¥123.3m | −¥122.7m | −¥122.5m | −¥121.4m | −¥119.6m | −¥120.8m | −¥108.7m | −¥104.0m | −¥560.1m | −¥152.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.11bn | ¥3.19bn | ¥3.66bn | ¥5.19bn | ¥3.33bn | ¥3.10bn | ¥3.69bn | ¥3.13bn |
| Gross profit | ¥765.8m | ¥834.5m | ¥861.2m | ¥834.9m | ¥736.9m | ¥799.4m | ¥720.7m | ¥700.1m |
| Operating income | ¥174.8m | ¥224.7m | ¥254.7m | ¥248.6m | ¥148.4m | ¥159.4m | ¥162.7m | ¥53.4m |
| Net income | ¥326.2m | ¥130.4m | −¥196.9m | ¥254.2m | ¥147.0m | ¥95.9m | −¥75.7m | ¥74.2m |
| Diluted earnings per share | 5.07 | 2.03 | -3.21 | 4.14 | 2.39 | 1.56 | -1.23 | 1.21 |
| Total assets | ¥19.42bn | ¥19.39bn | ¥19.18bn | ¥21.58bn | ¥19.76bn | ¥18.89bn | ¥19.79bn | ¥19.65bn |
| Cash and short-term investments | ¥7.45bn | ¥6.97bn | ¥6.98bn | ¥7.63bn | ¥8.01bn | ¥7.12bn | ¥7.60bn | ¥7.29bn |
| Debt | ¥2.00bn | ¥1.21bn | ¥2.36bn | ¥1.24bn | ¥2.76bn | ¥1.19bn | ¥1.29bn | ¥1.27bn |
| Shareholders' equity | ¥9.16bn | ¥8.81bn | ¥8.78bn | ¥9.04bn | ¥8.84bn | ¥8.65bn | ¥8.66bn | ¥8.71bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 21.1% | 23.7% | 19.2% | 19.4% | 21.5% | 23.0% | — |
| Operating margin | 5.3% | 5.0% | -0.6% | -0.3% | 0.3% | 3.3% | — |
| Net margin | 2.0% | 3.0% | 0.8% | -2.8% | -0.0% | 2.1% | — |
| Return on equity | 3.4% | 4.7% | 1.2% | -4.8% | -0.0% | 4.0% | — |
| Return on assets | 1.6% | 2.0% | 0.5% | -1.9% | -0.0% | 1.5% | — |
| Free cash flow yield | 13.1% | 20.1% | 9.4% | 18.2% | 16.7% | 17.4% | — |
| Revenue growth | 13.9% | 1.4% | -6.2% | -9.0% | -3.4% | 9.7% | — |
| Earnings growth | -25.8% | 305.3% | -125.5% | 9969.0% | -101.1% | -137.5% | — |
| Current ratio | 2.13x | 2.14x | 2.08x | 2.19x | 2.03x | 2.14x | — |
| Debt to equity | 0.27x | 0.34x | 0.44x | 0.55x | 0.53x | 0.76x | — |
| Equity ratio | 45.8% | 43.7% | 42.7% | 40.0% | 38.9% | 36.2% | — |
| Interest coverage | 20.22x | 19.77x | -2.27x | -1.13x | 1.11x | 9.30x | — |
| R&D as a share of sales | — | 0.8% | 0.6% | 0.8% | 0.8% | 0.6% | 0.9% |
| Buybacks as a share of market value | -0.1% | -0.2% | -0.2% | -2.0% | -0.2% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | -1.0% | -7.9% |
| Operating income | — | 9.1% | 2.1% |
| Net income | — | -2.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.3% | 20.9% | 21.4% | 19.6% |
| Operating margin | 5.2% | 2.4% | 2.2% | 1.2% |
| Net margin | 2.5% | 0.7% | 0.9% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.4 | 27.9 | 79.8 | -25.4 | -2986.4 | 57.3 | -17.0 | 87.6 | -29.3 | 27.5 |
| Price to sales | 0.7 | 0.8 | 0.6 | 0.7 | 0.8 | 1.2 | 1.1 | 2.3 | 0.9 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- 500-for-1 split · 27 Mar 2013
- 1-to-1 reverse split · 1 Oct 2006
- 5-for-1 split · 27 Sept 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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