I 
350
-1.41%
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
¥1.87bn
FY2017FY2026
Net income
¥43.2m
FY2017FY2026
Free cash flow
¥24.7m
FY2017FY2026
Shareholders' equity
¥972.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.87bn | ¥2.00bn | ¥1.51bn | ¥2.61bn | ¥2.63bn | ¥3.09bn | ¥1.67bn | ¥1.19bn | ¥904.1m | ¥707.4m |
| Gross profit | ¥466.1m | ¥509.5m | ¥471.8m | ¥774.3m | ¥848.3m | ¥792.0m | ¥445.0m | ¥342.6m | ¥339.2m | ¥330.0m |
| Research and development | — | — | ¥9.4m | ¥12.1m | ¥4.1m | — | — | — | — | — |
| Operating income | ¥39.4m | −¥56.0m | −¥7.0m | ¥84.5m | ¥162.2m | −¥176.5m | −¥235.9m | −¥355.2m | −¥29.6m | ¥9.8m |
| Net income | ¥43.2m | −¥110.6m | ¥4.3m | ¥148.6m | ¥253.0m | −¥73.3m | −¥214.9m | −¥477.2m | −¥33.8m | ¥1.2m |
| Diluted earnings per share | 1.93 | -4.97 | 0.24 | 8.33 | 14.18 | -4.16 | -12.36 | -29.75 | -2.11 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.37bn | ¥1.39bn | ¥1.10bn | ¥1.20bn | ¥1.17bn | ¥1.09bn | ¥1.15bn | ¥699.3m | ¥668.0m | ¥722.5m |
| Cash and short-term investments | ¥1.04bn | ¥1.00bn | ¥522.2m | ¥676.4m | ¥635.3m | ¥475.3m | ¥280.2m | ¥383.1m | ¥383.2m | ¥488.6m |
| Total liabilities | ¥395.3m | ¥532.4m | ¥402.5m | ¥368.9m | ¥445.9m | ¥662.3m | ¥763.3m | ¥316.4m | ¥262.1m | ¥393.3m |
| Debt | ¥214.1m | ¥287.7m | ¥255.0m | ¥104.9m | ¥138.3m | ¥171.8m | ¥123.7m | ¥100.0m | ¥100.0m | ¥300.0m |
| Shareholders' equity | ¥972.7m | ¥859.8m | ¥701.6m | ¥826.3m | ¥728.3m | ¥429.0m | ¥384.0m | ¥382.9m | ¥405.9m | ¥329.2m |
| Shares outstanding | 22m | 22m | 18m | 18m | 18m | 18m | 17m | 16m | 16m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥24.9m | ¥27.9m | −¥4.3m | ¥164.3m | ¥129.2m | ¥2.0m | −¥197.0m | −¥356.8m | −¥8.3m | ¥32.8m |
| Capital spending | −¥239,000 | −¥9.4m | −¥14.9m | −¥3.5m | −¥10.8m | −¥4.7m | −¥11.4m | −¥30.0m | −¥3.5m | −¥5.3m |
| Free cash flow | ¥24.7m | ¥18.6m | −¥19.1m | ¥160.9m | ¥118.4m | −¥2.8m | −¥208.4m | −¥386.7m | −¥11.9m | ¥27.5m |
| Dividends paid | −¥3.1m | −¥3.0m | −¥53.1m | −¥53.5m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥427.9m | ¥442.3m | ¥462.6m | ¥469.1m | ¥491.5m | ¥555.2m | ¥209.2m | ¥609.9m |
| Gross profit | ¥98.9m | ¥113.3m | ¥108.8m | ¥119.3m | ¥124.7m | ¥133.7m | ¥100.3m | ¥129.6m |
| Operating income | ¥1.1m | ¥27.6m | ¥937,000 | ¥3.0m | ¥7.9m | −¥42.1m | ¥30.0m | −¥27.9m |
| Net income | ¥15.7m | ¥26.2m | ¥3.7m | ¥5.5m | ¥7.8m | −¥72.0m | −¥39.6m | ¥16.1m |
| Diluted earnings per share | 0.70 | 1.17 | 0.17 | 0.25 | 0.35 | -3.24 | -2.22 | 0.90 |
| Total assets | ¥1.39bn | ¥1.37bn | ¥1.41bn | ¥1.39bn | ¥1.39bn | ¥1.39bn | ¥1.19bn | ¥1.17bn |
| Cash and short-term investments | ¥1.09bn | ¥1.04bn | ¥1.08bn | ¥1.08bn | ¥1.03bn | ¥1.00bn | ¥751.8m | ¥726.5m |
| Debt | ¥73.6m | ¥214.1m | ¥73.6m | ¥250.9m | ¥73.6m | ¥266.9m | ¥43.3m | ¥220.0m |
| Shareholders' equity | ¥988.4m | ¥972.7m | ¥946.5m | ¥942.4m | ¥867.6m | ¥859.8m | ¥663.2m | ¥673.3m |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 25.4% | 31.2% | 29.7% | 32.3% | 25.6% | — | — |
| Operating margin | 2.1% | -2.8% | -0.5% | 3.2% | 6.2% | -5.7% | — | — |
| Net margin | 2.3% | -5.5% | 0.3% | 5.7% | 9.6% | -2.4% | — | — |
| Return on equity | 4.4% | -12.9% | 0.6% | 18.0% | 34.7% | -17.1% | — | — |
| Return on assets | 3.2% | -7.9% | 0.4% | 12.4% | 21.5% | -6.7% | — | — |
| Free cash flow yield | 0.3% | 0.5% | 0.2% | 2.8% | 2.3% | 0.1% | — | — |
| Revenue growth | -6.9% | 32.7% | -42.0% | -0.8% | -15.0% | 85.5% | — | — |
| Earnings growth | -139.1% | -2677.6% | -97.1% | -41.3% | -445.0% | -65.9% | — | — |
| Current ratio | 5.42x | 4.39x | 3.84x | 3.93x | 3.42x | 2.00x | — | — |
| Debt to equity | 0.22x | 0.31x | 0.36x | 0.13x | 0.19x | 0.40x | — | — |
| Equity ratio | 71.1% | 61.8% | 63.5% | 69.1% | 62.0% | 39.3% | — | — |
| Interest coverage | 12.90x | -18.46x | -4.88x | 139.89x | 146.89x | -147.25x | — | — |
| R&D as a share of sales | — | — | 0.6% | 0.5% | 0.2% | — | 1.8% | 1.7% |
| Buybacks as a share of market value | -0.9% | -24.7% | 0.0% | 0.0% | -1.2% | -1.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.5% | -9.6% | 13.8% |
| Operating income | -22.5% | — | — |
| Net income | -33.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.2% | 27.8% | 28.2% | 30.2% |
| Operating margin | -0.4% | 0.8% | 0.3% | -3.1% |
| Net margin | -1.7% | 1.1% | 1.9% | -3.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 184.8 | -47.5 | 349.2 | 11.8 | 9.4 | -36.1 | -12.1 | -6.6 | -89.5 | — |
| Price to sales | 4.3 | 2.6 | 1.0 | 0.7 | 0.9 | 0.9 | 1.6 | 2.7 | 3.4 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Mar 2023.
| FY2024 | FY2023 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 1.50 | 5.50 | 2.50 |
- 100-for-1 split · 26 Sept 2013
- 4-for-1 split · 4 Feb 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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