N 
1,099
+1.48%
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
¥3.61bn
FY2017FY2026
Net income
−¥255.6m
FY2017FY2026
Free cash flow
−¥122.9m
FY2017FY2026
Shareholders' equity
¥7.95bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.61bn | ¥5.30bn | ¥5.34bn | ¥4.83bn | ¥5.72bn | ¥5.30bn | ¥3.33bn | ¥4.52bn | ¥4.74bn | ¥3.41bn |
| Research and development | — | — | — | — | — | — | — | ¥280,000 | ¥3.5m | ¥10.2m |
| Operating income | −¥409.2m | −¥274.7m | ¥401.3m | ¥745.5m | ¥1.57bn | ¥1.25bn | ¥460.1m | ¥426.5m | ¥658.5m | ¥366.9m |
| Net income | −¥255.6m | −¥157.2m | ¥593.4m | ¥672.5m | ¥1.27bn | ¥905.3m | ¥269.2m | ¥293.6m | ¥508.5m | ¥136.0m |
| Diluted earnings per share | -50.51 | -31.07 | 117.27 | 133.21 | 252.27 | 179.47 | 53.10 | 57.84 | 100.19 | 26.88 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥11.27bn | ¥11.15bn | ¥10.82bn | ¥9.38bn | ¥8.23bn | ¥6.39bn | ¥5.00bn | ¥4.95bn | ¥4.55bn | ¥3.88bn |
| Cash and short-term investments | ¥6.42bn | ¥5.20bn | ¥5.36bn | ¥4.35bn | ¥4.77bn | ¥3.78bn | ¥2.11bn | ¥2.27bn | ¥1.60bn | ¥1.18bn |
| Total liabilities | ¥3.32bn | ¥3.29bn | ¥2.73bn | ¥2.43bn | ¥2.09bn | ¥1.75bn | ¥1.33bn | ¥1.60bn | ¥1.53bn | ¥1.31bn |
| Debt | ¥1.84bn | ¥1.84bn | ¥1.17bn | ¥1.06bn | ¥769.7m | ¥367.1m | ¥430.0m | ¥667.6m | ¥655.2m | ¥668.1m |
| Shareholders' equity | ¥7.95bn | ¥7.87bn | ¥8.08bn | ¥6.95bn | ¥6.14bn | ¥4.64bn | ¥3.67bn | ¥3.35bn | ¥3.02bn | ¥2.58bn |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥49.9m | ¥404.1m | ¥794.4m | ¥50.4m | ¥1.19bn | ¥1.55bn | −¥476.4m | ¥703.5m | ¥679.9m | −¥61.9m |
| Capital spending | −¥172.8m | −¥227.1m | −¥403.8m | −¥220.0m | −¥576.5m | −¥131.4m | −¥149.7m | −¥107.8m | −¥60.9m | −¥15.6m |
| Free cash flow | −¥122.9m | ¥177.0m | ¥390.5m | −¥169.6m | ¥610.1m | ¥1.42bn | −¥626.1m | ¥595.7m | ¥619.0m | −¥77.5m |
| Dividends paid | −¥25.3m | −¥24.8m | −¥25.3m | −¥25.1m | −¥24.9m | −¥20.1m | −¥20.0m | −¥20.2m | −¥14.9m | −¥15.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥847.7m | ¥1.39bn | ¥977.2m | ¥763.9m | ¥480.3m | ¥1.60bn | ¥1.25bn | ¥1.44bn |
| Operating income | −¥145.1m | −¥151.3m | ¥64.5m | −¥147.7m | −¥174.6m | −¥98.4m | ¥29.6m | ¥50.2m |
| Net income | −¥61.1m | −¥91.5m | ¥60.6m | −¥55.5m | −¥169.2m | −¥130.0m | ¥144.7m | −¥77.9m |
| Diluted earnings per share | -12.08 | -18.09 | 11.97 | -10.96 | -33.43 | -25.70 | 28.59 | -15.40 |
| Total assets | ¥11.19bn | ¥11.27bn | ¥11.67bn | ¥11.20bn | ¥10.81bn | ¥11.15bn | ¥11.62bn | ¥10.58bn |
| Cash and short-term investments | ¥6.29bn | ¥6.42bn | ¥5.32bn | ¥5.74bn | ¥5.58bn | ¥5.20bn | ¥5.98bn | ¥5.00bn |
| Debt | ¥631.8m | ¥1.71bn | ¥934.5m | ¥1.99bn | ¥794.3m | ¥1.68bn | ¥877.4m | ¥1.42bn |
| Shareholders' equity | ¥7.96bn | ¥7.95bn | ¥7.94bn | ¥7.63bn | ¥7.53bn | ¥7.87bn | ¥8.27bn | ¥7.68bn |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -11.3% | -5.2% | 7.5% | 15.4% | 27.4% | 23.5% | — | — | — | — | — | — |
| Net margin | -7.1% | -3.0% | 11.1% | 13.9% | 22.3% | 17.1% | — | — | — | — | — | — |
| Return on equity | -3.2% | -2.0% | 7.3% | 9.7% | 20.7% | 19.5% | — | — | — | — | — | — |
| Return on assets | -2.3% | -1.4% | 5.5% | 7.2% | 15.5% | 14.2% | — | — | — | — | — | — |
| Free cash flow yield | 3.1% | 8.9% | 16.9% | 3.8% | 24.9% | 23.8% | — | — | — | — | — | — |
| Revenue growth | -31.9% | -0.8% | 10.5% | -15.4% | 7.8% | 59.1% | — | — | — | — | — | — |
| Earnings growth | 62.6% | -126.5% | -11.8% | -47.2% | 40.7% | 236.2% | — | — | — | — | — | — |
| Current ratio | 4.16x | 3.49x | 4.83x | 4.26x | 4.85x | 3.68x | — | — | — | — | — | — |
| Debt to equity | 0.21x | 0.21x | 0.15x | 0.15x | 0.13x | 0.08x | — | — | — | — | — | — |
| Equity ratio | 70.5% | 70.5% | 74.7% | 74.1% | 74.6% | 72.6% | — | — | — | — | — | — |
| Interest coverage | -24.30x | -25.34x | 49.67x | 112.87x | 389.10x | 609.50x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.1% | 0.3% | 0.3% | 16.8% | 15.8% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.2% | -0.0% | -0.1% | 0.5% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | -7.4% | -0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.7% | 2.4% | 10.9% | 11.3% |
| Net margin | -4.6% | 4.5% | 10.1% | 9.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.1 | -26.1 | 7.6 | 7.6 | 4.5 | 9.3 | 25.1 | 24.2 | 11.8 | 66.3 |
| Price to sales | 1.6 | 0.8 | 0.8 | 1.1 | 1.0 | 1.6 | 2.0 | 1.6 | 1.3 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
- 200-for-1 split · 27 Mar 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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