D 
437
+7.11%
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
¥17.55bn
FY2017FY2026
Net income
¥213.7m
FY2017FY2026
Free cash flow
¥2.18bn
FY2017FY2026
Shareholders' equity
¥5.04bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.55bn | ¥12.66bn | ¥9.78bn | ¥10.80bn | ¥10.53bn | ¥11.84bn | ¥10.15bn | ¥10.72bn | ¥13.19bn | ¥8.39bn |
| Gross profit | ¥5.43bn | ¥3.48bn | ¥3.40bn | ¥4.56bn | ¥3.80bn | ¥4.00bn | ¥2.19bn | ¥1.43bn | ¥3.10bn | ¥3.06bn |
| Research and development | ¥90.9m | ¥204.7m | ¥396.0m | ¥354.5m | ¥345.2m | ¥366.1m | ¥165.8m | ¥190.9m | ¥139.2m | ¥215.3m |
| Operating income | ¥431.7m | ¥112.0m | ¥903.0m | ¥2.28bn | ¥1.59bn | ¥2.05bn | ¥652.1m | −¥577.5m | ¥190.6m | ¥932.1m |
| Net income | ¥213.7m | −¥1.04bn | ¥104.1m | ¥1.16bn | ¥807.3m | ¥1.62bn | ¥711.5m | −¥1.71bn | −¥204.0m | ¥814.6m |
| Diluted earnings per share | 7.41 | -35.80 | 3.62 | 40.51 | 28.06 | 56.91 | 24.87 | -60.07 | -7.20 | 28.56 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥11.88bn | ¥13.53bn | ¥14.17bn | ¥12.23bn | ¥9.68bn | ¥9.61bn | ¥6.42bn | ¥6.95bn | ¥9.10bn | ¥6.82bn |
| Cash and short-term investments | ¥6.38bn | ¥3.93bn | ¥5.94bn | ¥6.04bn | ¥4.74bn | ¥5.29bn | ¥2.26bn | ¥2.86bn | ¥3.18bn | ¥2.93bn |
| Total liabilities | ¥6.83bn | ¥8.81bn | ¥8.48bn | ¥6.60bn | ¥5.11bn | ¥5.76bn | ¥4.26bn | ¥5.52bn | ¥5.84bn | ¥3.45bn |
| Debt | ¥3.12bn | ¥4.73bn | ¥6.47bn | ¥3.87bn | ¥3.01bn | ¥3.20bn | ¥2.34bn | ¥3.39bn | ¥3.64bn | ¥1.19bn |
| Shareholders' equity | ¥5.04bn | ¥4.72bn | ¥5.66bn | ¥5.63bn | ¥4.57bn | ¥3.85bn | ¥2.17bn | ¥1.42bn | ¥3.24bn | ¥3.36bn |
| Shares outstanding | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 28m | 29m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.20bn | ¥634.1m | −¥473.2m | ¥2.67bn | ¥1.60bn | ¥3.20bn | ¥691.4m | ¥78.3m | −¥79.4m | ¥873.7m |
| Capital spending | −¥22.4m | −¥7.7m | −¥2.4m | −¥2.03bn | −¥70.5m | −¥11.7m | −¥18.6m | −¥6.9m | −¥32.6m | −¥14.9m |
| Free cash flow | ¥2.18bn | ¥626.4m | −¥475.6m | ¥639.3m | ¥1.53bn | ¥3.18bn | ¥672.8m | ¥71.4m | −¥112.0m | ¥858.8m |
| Dividends paid | −¥40,000 | −¥172,000 | −¥145.1m | −¥144.8m | −¥144.8m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.36bn | ¥4.25bn | ¥5.06bn | ¥3.77bn | ¥4.47bn | ¥4.45bn | ¥4.18bn | ¥1.90bn |
| Gross profit | ¥1.58bn | ¥1.38bn | ¥1.85bn | ¥924.1m | ¥1.28bn | ¥1.24bn | ¥1.28bn | ¥334.9m |
| Operating income | ¥522.9m | ¥311.8m | ¥671.7m | −¥493.1m | −¥81.7m | ¥139.0m | ¥288.2m | −¥247.4m |
| Net income | ¥323.3m | ¥1.96bn | ¥621.0m | −¥563.3m | −¥1.80bn | −¥211.6m | ¥198.1m | −¥868.4m |
| Diluted earnings per share | 11.21 | 67.79 | 21.47 | -19.47 | -62.19 | -7.32 | 6.90 | -30.23 |
| Total assets | ¥11.07bn | ¥11.88bn | ¥9.61bn | ¥9.99bn | ¥10.89bn | ¥13.53bn | ¥13.58bn | ¥12.52bn |
| Cash and short-term investments | ¥5.45bn | ¥6.38bn | ¥2.94bn | ¥3.57bn | ¥3.93bn | ¥3.93bn | ¥4.36bn | ¥4.71bn |
| Debt | ¥2.32bn | ¥3.12bn | ¥1.97bn | ¥3.98bn | ¥1.84bn | ¥4.73bn | ¥1.84bn | ¥5.60bn |
| Shareholders' equity | ¥5.27bn | ¥5.04bn | ¥3.12bn | ¥2.43bn | ¥2.94bn | ¥4.72bn | ¥4.91bn | ¥4.71bn |
Financial ratios
Data as of 4 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.9% | 27.5% | 34.8% | 42.2% | 36.1% | 33.8% |
| Operating margin | 2.5% | 0.9% | 9.2% | 21.1% | 15.1% | 17.3% |
| Net margin | 1.2% | -8.2% | 1.1% | 10.7% | 7.7% | 13.7% |
| Return on equity | 4.2% | -22.0% | 1.8% | 20.6% | 17.7% | 42.2% |
| Return on assets | 1.8% | -7.7% | 0.7% | 9.5% | 8.3% | 16.9% |
| Free cash flow yield | 14.0% | 4.0% | -3.0% | 29.8% | 10.6% | 20.4% |
| Revenue growth | 38.7% | 29.4% | -9.5% | 2.6% | -11.1% | 16.7% |
| Earnings growth | -120.6% | -1095.3% | -91.0% | 43.6% | -50.3% | 128.4% |
| Current ratio | 1.52x | 1.48x | 2.36x | 1.82x | 2.50x | 2.41x |
| Debt to equity | 0.62x | 1.00x | 1.14x | 0.68x | 0.65x | 0.83x |
| Equity ratio | 42.4% | 34.9% | 40.0% | 46.0% | 47.2% | 40.1% |
| Interest coverage | 5.71x | 1.45x | 20.20x | 55.06x | 35.56x | 67.19x |
| R&D as a share of sales | 0.5% | 1.6% | 4.0% | 3.3% | 3.3% | 3.1% |
| Buybacks as a share of market value | 0.3% | -0.7% | -0.4% | 0.5% | -0.8% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.6% | 8.2% | 10.4% |
| Operating income | -42.6% | -26.8% | — |
| Net income | -43.1% | -33.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.5% | 33.2% | 33.7% | 29.7% |
| Operating margin | 1.8% | 7.3% | 10.1% | 6.8% |
| Net margin | -2.7% | 0.9% | 3.9% | 1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 59.3 | -11.2 | 223.7 | 21.0 | 28.6 | 8.0 | 31.4 | -15.4 | -51.4 | 41.6 |
| Price to sales | 0.7 | 0.9 | 2.4 | 2.3 | 2.2 | 1.1 | 2.2 | 2.5 | 0.8 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 10.00 | 5.00 |
- 2-for-1 split · 29 Mar 2017
- 100-for-1 split · 27 Mar 2014
- 5-for-1 split · 28 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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