A 
233
+2.64%
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
¥15.83bn
FY2016FY2025
Net income
¥1.09bn
FY2016FY2025
Free cash flow
¥4.51bn
FY2016FY2025
Shareholders' equity
¥6.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.83bn | ¥17.09bn | ¥18.20bn | ¥13.67bn | ¥12.05bn | ¥11.90bn | ¥5.64bn | ¥7.31bn | ¥6.83bn | ¥9.69bn |
| Gross profit | ¥9.58bn | ¥11.18bn | ¥11.68bn | ¥8.82bn | ¥7.90bn | ¥8.00bn | ¥3.84bn | ¥5.28bn | ¥5.27bn | ¥8.62bn |
| Research and development | ¥527.4m | ¥1.76bn | ¥1.61bn | ¥1.33bn | ¥407.9m | ¥267.9m | ¥716.2m | ¥980.2m | ¥2.63bn | ¥1.95bn |
| Operating income | ¥2.08bn | −¥552.6m | −¥1.31bn | ¥400.2m | ¥1.49bn | ¥1.67bn | −¥871.3m | −¥1.52bn | −¥2.95bn | −¥341.8m |
| Net income | ¥1.09bn | −¥341.1m | −¥2.23bn | ¥601.9m | ¥1.17bn | ¥1.69bn | −¥1.20bn | −¥1.55bn | −¥2.97bn | −¥551.4m |
| Diluted earnings per share | 23.26 | -7.31 | -55.45 | 15.03 | 29.30 | 42.79 | -33.89 | -46.21 | -88.57 | -16.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.21bn | ¥8.15bn | ¥7.40bn | ¥8.60bn | ¥7.20bn | ¥6.71bn | ¥2.25bn | ¥4.90bn | ¥6.97bn | ¥8.91bn |
| Cash and short-term investments | ¥5.50bn | ¥2.87bn | ¥2.88bn | ¥5.25bn | ¥5.49bn | ¥4.49bn | ¥860.2m | ¥2.93bn | ¥5.12bn | ¥6.86bn |
| Total liabilities | ¥2.31bn | ¥2.09bn | ¥2.62bn | ¥1.77bn | ¥970.0m | ¥1.72bn | ¥1.14bn | ¥3.33bn | ¥3.84bn | ¥2.83bn |
| Debt | ¥100.0m | ¥1.4m | ¥500.0m | ¥230.7m | — | — | ¥375.2m | ¥2.21bn | ¥2.71bn | ¥1.89bn |
| Shareholders' equity | ¥6.88bn | ¥5.79bn | ¥4.48bn | ¥6.74bn | ¥6.23bn | ¥4.99bn | ¥1.11bn | ¥1.57bn | ¥3.13bn | ¥6.07bn |
| Shares outstanding | 47m | 47m | 40m | 40m | 40m | 40m | 35m | 34m | 34m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥4.53bn | −¥964.4m | −¥1.15bn | −¥350.9m | ¥746.0m | ¥1.79bn | −¥829.6m | −¥1.68bn | −¥2.41bn | −¥1.77bn |
| Capital spending | −¥16.8m | −¥343.9m | −¥125.7m | −¥25.6m | −¥46.9m | −¥6.1m | −¥75.2m | −¥10.4m | −¥11.2m | −¥14.5m |
| Free cash flow | ¥4.51bn | −¥1.31bn | −¥1.28bn | −¥376.5m | ¥699.1m | ¥1.78bn | −¥904.8m | −¥1.69bn | −¥2.42bn | −¥1.78bn |
| Dividends paid | — | — | −¥80.1m | −¥139.7m | — | — | — | −¥139.0m | −¥139.0m | −¥172.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.62bn | ¥3.25bn | ¥3.19bn | ¥3.65bn | ¥3.82bn | ¥5.17bn | ¥5.31bn | ¥3.68bn |
| Gross profit | ¥2.14bn | ¥1.76bn | ¥1.59bn | ¥2.07bn | ¥2.40bn | ¥3.52bn | ¥3.31bn | ¥2.09bn |
| Operating income | ¥288.5m | ¥242.0m | −¥18.7m | ¥254.8m | ¥491.5m | ¥1.35bn | ¥751.0m | −¥554.9m |
| Net income | ¥219.0m | ¥164.0m | −¥88.9m | ¥347.1m | ¥465.8m | ¥362.1m | ¥630.7m | −¥37.0m |
| Diluted earnings per share | 4.69 | 3.51 | -1.90 | 7.44 | 9.98 | 7.76 | 13.51 | -0.79 |
| Total assets | ¥10.00bn | ¥9.09bn | ¥9.21bn | ¥9.15bn | ¥8.67bn | ¥8.19bn | ¥8.15bn | ¥7.64bn |
| Cash and short-term investments | ¥5.62bn | ¥5.74bn | ¥5.50bn | ¥5.06bn | ¥4.52bn | ¥4.56bn | ¥2.87bn | ¥2.90bn |
| Debt | ¥725.0m | ¥275.0m | ¥100.0m | — | — | — | ¥697,000 | — |
| Shareholders' equity | ¥7.26bn | ¥7.04bn | ¥6.88bn | ¥7.00bn | ¥6.65bn | ¥6.18bn | ¥5.79bn | ¥5.16bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 60.5% | 65.4% | 64.2% | 64.6% | 65.6% | 67.2% |
| Operating margin | 13.1% | -3.2% | -7.2% | 2.9% | 12.4% | 14.1% |
| Net margin | 6.9% | -2.0% | -12.2% | 4.4% | 9.7% | 14.2% |
| Return on equity | 15.8% | -5.9% | -49.8% | 8.9% | 18.8% | 33.9% |
| Return on assets | 11.8% | -4.2% | -30.1% | 7.0% | 16.2% | 25.2% |
| Free cash flow yield | 58.0% | -7.9% | -15.2% | -4.8% | 11.8% | 27.0% |
| Revenue growth | -7.4% | -6.1% | 33.1% | 13.4% | 1.3% | 110.9% |
| Earnings growth | -418.4% | -84.7% | -470.0% | -48.6% | -30.9% | -241.0% |
| Current ratio | 3.63x | 3.64x | 2.31x | 4.53x | 7.25x | 3.78x |
| Debt to equity | 0.01x | 0.00x | 0.11x | 0.03x | 0.00x | 0.00x |
| Equity ratio | 74.7% | 71.0% | 60.5% | 78.3% | 86.5% | 74.3% |
| Interest coverage | 33545.34x | -3019.47x | -29105.44x | 5130.69x | 8055.97x | 1299.67x |
| R&D as a share of sales | 3.3% | 10.3% | 8.8% | 9.8% | 3.4% | 2.3% |
| Buybacks as a share of market value | -0.0% | -16.2% | -0.3% | -0.3% | -0.9% | -11.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.0% | 5.9% | 2.7% |
| Operating income | 73.2% | 4.4% | -3.2% |
| Net income | 21.7% | -8.5% | -5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.1% | 63.7% | 64.4% | 70.3% |
| Operating margin | 4.6% | 1.0% | 4.3% | 0.8% |
| Net margin | 2.3% | -1.4% | 2.2% | -1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | -28.9 | -4.5 | 26.8 | 9.6 | 9.8 | -9.2 | -7.8 | -6.2 | -25.4 |
| Price to sales | 0.7 | 0.6 | 0.6 | 1.2 | 0.9 | 1.4 | 2.0 | 1.6 | 2.7 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Dec 2022.
| FY2023 | FY2022 | FY2016 | |
|---|---|---|---|
| Paid in the year | 2.00 | 3.50 | 5.00 |
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.