D 
1,555
-1.77%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥33.61bn
FY2017FY2026
Net income
¥2.80bn
FY2017FY2026
Free cash flow
−¥9.54bn
FY2017FY2026
Shareholders' equity
¥19.37bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥33.61bn | ¥2.94bn | ¥2.23bn | ¥1.92bn | ¥1.69bn | ¥1.39bn | ¥1.17bn | ¥1.09bn | ¥721.1m | ¥593.8m |
| Research and development | — | ¥16.0m | — | — | — | ¥7.2m | ¥8.0m | ¥2.5m | ¥17.2m | ¥24.9m |
| Operating income | ¥3.54bn | −¥590.8m | −¥216.1m | −¥55.5m | ¥92.6m | ¥19.3m | ¥17.1m | ¥100.9m | ¥45.0m | ¥80.6m |
| Net income | ¥2.80bn | −¥655.0m | −¥1.26bn | −¥530.3m | ¥2.4m | −¥41.8m | −¥17.4m | ¥38.0m | ¥16.0m | ¥36.4m |
| Diluted earnings per share | 52.18 | -22.07 | -71.53 | -35.66 | 0.17 | -2.93 | -1.25 | 3.09 | 1.29 | 3.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥28.58bn | ¥4.59bn | ¥3.81bn | ¥4.42bn | ¥4.43bn | ¥4.27bn | ¥4.08bn | ¥2.73bn | ¥2.07bn | ¥1.18bn |
| Cash and short-term investments | ¥417.8m | ¥526.0m | ¥1.69bn | ¥1.45bn | ¥1.45bn | ¥1.64bn | ¥1.70bn | ¥1.50bn | ¥1.26bn | ¥720.2m |
| Total liabilities | ¥9.17bn | ¥2.19bn | ¥1.83bn | ¥1.91bn | ¥1.62bn | ¥1.40bn | ¥1.28bn | ¥852.5m | ¥235.6m | ¥102.5m |
| Debt | ¥545.4m | ¥1.37bn | ¥1.24bn | ¥1.51bn | ¥1.21bn | ¥1.11bn | ¥948.8m | ¥646.8m | ¥51.4m | — |
| Shareholders' equity | ¥19.37bn | ¥2.38bn | ¥1.95bn | ¥2.48bn | ¥2.80bn | ¥2.83bn | ¥2.77bn | ¥1.87bn | ¥1.81bn | ¥1.05bn |
| Shares outstanding | 54m | 30m | 18m | 15m | 15m | 14m | 14m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥4.91bn | −¥83.4m | ¥333.6m | ¥2.4m | ¥113.1m | ¥169.7m | ¥44.0m | ¥188.4m | ¥37.7m | ¥153.6m |
| Capital spending | −¥4.63bn | −¥94.0m | −¥536.8m | −¥86.7m | −¥49.9m | −¥54.8m | −¥10.5m | −¥14.4m | −¥16.2m | −¥19.8m |
| Free cash flow | −¥9.54bn | −¥177.4m | −¥203.2m | −¥84.3m | ¥63.2m | ¥114.9m | ¥33.5m | ¥174.0m | ¥21.6m | ¥133.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.33bn | ¥17.68bn | ¥14.18bn | ¥1.08bn | ¥668.1m | ¥881.9m | ¥701.7m | ¥819.9m |
| Operating income | ¥4.84bn | ¥3.88bn | ¥1.04bn | −¥1.03bn | −¥342.2m | −¥214.7m | −¥113.6m | −¥76.0m |
| Net income | ¥3.91bn | ¥3.37bn | ¥899.1m | −¥1.13bn | −¥333.4m | −¥251.7m | −¥156.4m | −¥153.5m |
| Diluted earnings per share | 72.88 | 62.73 | 30.30 | -38.15 | -11.23 | -8.48 | -8.86 | -8.70 |
| Total assets | ¥32.99bn | ¥28.58bn | ¥22.33bn | ¥13.80bn | ¥6.42bn | ¥4.59bn | ¥4.38bn | ¥4.69bn |
| Cash and short-term investments | ¥762.7m | ¥417.8m | ¥4.46bn | ¥428.8m | ¥2.00bn | ¥526.0m | ¥544.2m | ¥1.02bn |
| Debt | ¥341.3m | ¥545.4m | ¥352.6m | ¥821.5m | ¥802.7m | ¥1.37bn | ¥914.0m | ¥1.30bn |
| Shareholders' equity | ¥25.98bn | ¥19.37bn | ¥16.28bn | ¥5.83bn | ¥4.74bn | ¥2.38bn | ¥2.54bn | ¥2.73bn |
Financial ratios
Data as of 19 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 10.5% | -20.1% | -9.7% | -2.9% | 5.5% | 1.4% | — | — | — | — |
| Net margin | 8.3% | -22.3% | -56.6% | -27.6% | 0.1% | -3.0% | — | — | — | — |
| Return on equity | 14.5% | -27.5% | -64.6% | -21.4% | 0.1% | -1.5% | — | — | — | — |
| Return on assets | 9.8% | -14.3% | -33.1% | -12.0% | 0.1% | -1.0% | — | — | — | — |
| Free cash flow yield | -5.9% | -0.2% | 1.2% | 0.0% | 0.5% | 0.8% | — | — | — | — |
| Revenue growth | 1042.0% | 32.0% | 15.9% | 13.7% | 21.8% | 18.9% | — | — | — | — |
| Earnings growth | -527.7% | -48.1% | 137.9% | -21851.0% | -105.8% | 139.4% | — | — | — | — |
| Current ratio | 1.71x | 0.74x | 1.92x | 1.95x | 1.96x | 2.19x | — | — | — | — |
| Debt to equity | 0.03x | 0.57x | 0.63x | 0.61x | 0.43x | 0.39x | — | — | — | — |
| Equity ratio | 67.8% | 51.9% | 51.3% | 56.2% | 63.2% | 66.3% | — | — | — | — |
| Interest coverage | 126.46x | -14.25x | -18.54x | -3.47x | 5.90x | 11.81x | — | — | — | — |
| R&D as a share of sales | — | 0.5% | — | — | — | 0.5% | 0.7% | 0.2% | 2.4% | 4.2% |
| Buybacks as a share of market value | -80.9% | -68.3% | -18.6% | -1.0% | -3.4% | -1.8% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 159.4% | 89.1% | 54.3% |
| Operating income | — | 183.8% | 62.0% |
| Net income | — | — | 59.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.1% | 6.6% | 6.4% | 6.4% |
| Net margin | 5.9% | 0.9% | 0.7% | 0.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.3 | -90.4 | -9.6 | -9.7 | — | -116.3 | -353.6 | 200.0 | 471.5 | 223.8 |
| Price to sales | 2.4 | 20.1 | 5.4 | 2.7 | 2.1 | 3.5 | 5.3 | 7.0 | 10.5 | 13.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.