M 
207
+3.50%
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
¥7.48bn
FY2016FY2025
Net income
¥228.1m
FY2016FY2025
Free cash flow
¥476.4m
FY2016FY2025
Shareholders' equity
¥1.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.48bn | ¥8.85bn | ¥8.72bn | ¥10.54bn | ¥10.57bn | ¥11.53bn | ¥11.65bn | ¥12.13bn | ¥11.96bn | ¥6.80bn |
| Gross profit | ¥3.35bn | ¥3.55bn | ¥3.33bn | ¥3.70bn | ¥4.29bn | ¥5.13bn | ¥4.46bn | ¥4.70bn | ¥4.58bn | ¥2.63bn |
| Operating income | ¥374.5m | ¥428.4m | ¥168.0m | −¥399.3m | ¥577.6m | ¥1.14bn | −¥774.8m | ¥17.1m | ¥611.3m | ¥500.8m |
| Net income | ¥228.1m | ¥245.6m | ¥143.0m | −¥1.63bn | ¥229.3m | ¥1.13bn | −¥2.41bn | −¥3.26bn | ¥12.6m | ¥882.7m |
| Diluted earnings per share | 26.52 | 29.06 | 16.98 | -193.07 | 26.55 | 131.33 | -280.24 | -386.43 | 1.51 | 111.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.69bn | ¥4.84bn | ¥3.74bn | ¥4.36bn | ¥5.83bn | ¥5.05bn | ¥5.03bn | ¥6.87bn | ¥8.50bn | ¥10.22bn |
| Cash and short-term investments | ¥2.37bn | ¥2.39bn | ¥1.53bn | ¥1.98bn | ¥3.50bn | ¥2.76bn | ¥2.19bn | ¥3.05bn | ¥2.29bn | ¥2.55bn |
| Total liabilities | ¥3.17bn | ¥3.32bn | ¥2.49bn | ¥3.36bn | ¥3.01bn | ¥2.53bn | ¥3.65bn | ¥3.22bn | ¥1.65bn | ¥6.17bn |
| Debt | ¥2.15bn | ¥2.39bn | ¥1.47bn | ¥2.09bn | ¥1.90bn | ¥1.49bn | ¥2.60bn | ¥2.25bn | ¥808.9m | ¥4.92bn |
| Shareholders' equity | ¥1.52bn | ¥1.39bn | ¥1.16bn | ¥995.9m | ¥2.82bn | ¥2.52bn | ¥1.38bn | ¥3.65bn | ¥6.84bn | ¥4.05bn |
| Shares outstanding | 9m | 8m | 8m | 8m | 9m | 9m | 9m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥803.4m | ¥329.0m | ¥249.0m | −¥148.6m | ¥528.0m | ¥1.85bn | −¥329.9m | ¥1.23bn | ¥1.68bn | ¥1.10bn |
| Capital spending | −¥326.9m | −¥202.6m | −¥53.5m | −¥128.5m | −¥28.6m | −¥233,000 | −¥520.0m | −¥55.7m | −¥463.6m | −¥688.1m |
| Free cash flow | ¥476.4m | ¥126.4m | ¥195.5m | −¥277.1m | ¥499.4m | ¥1.85bn | −¥849.9m | ¥1.17bn | ¥1.22bn | ¥408.5m |
| Dividends paid | — | — | — | −¥101.8m | −¥101.0m | −¥101.0m | −¥101.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.01bn | ¥2.00bn | ¥1.80bn | ¥1.74bn | ¥1.81bn | ¥2.13bn | ¥2.15bn | ¥2.02bn |
| Gross profit | ¥706.9m | ¥772.9m | ¥799.2m | ¥804.8m | ¥788.1m | ¥962.6m | ¥885.0m | ¥808.0m |
| Operating income | −¥31.5m | −¥101.3m | ¥63.4m | ¥68.7m | ¥95.0m | ¥147.4m | ¥43.0m | ¥76.0m |
| Net income | −¥40.1m | −¥126.7m | ¥29.9m | ¥41.3m | ¥60.0m | ¥96.9m | −¥74.0m | ¥43.0m |
| Diluted earnings per share | -4.63 | -14.62 | 3.48 | 4.80 | 6.98 | 11.26 | -8.75 | 5.09 |
| Total assets | ¥4.69bn | ¥4.57bn | ¥4.69bn | ¥4.40bn | ¥4.69bn | ¥4.69bn | ¥4.84bn | ¥4.57bn |
| Cash and short-term investments | ¥2.23bn | ¥2.10bn | ¥2.37bn | ¥2.12bn | ¥2.45bn | ¥2.23bn | ¥2.39bn | ¥1.95bn |
| Debt | ¥2.08bn | ¥1.00bn | ¥2.15bn | ¥985.6m | ¥2.13bn | ¥1.01bn | ¥910.0m | ¥810.0m |
| Shareholders' equity | ¥1.37bn | ¥1.38bn | ¥1.52bn | ¥1.61bn | ¥1.57bn | ¥1.49bn | ¥1.39bn | ¥1.47bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 44.9% | 40.2% | 38.1% | 35.1% | 40.6% | 44.5% |
| Operating margin | 5.0% | 4.8% | 0.6% | -14.2% | 4.6% | 9.0% |
| Net margin | 3.1% | 2.8% | 1.6% | -15.5% | 2.2% | 9.8% |
| Return on equity | 15.0% | 17.6% | 12.4% | -164.0% | 8.1% | 44.9% |
| Return on assets | 4.9% | 5.1% | 3.8% | -37.5% | 3.9% | 22.4% |
| Free cash flow yield | 58.9% | 28.2% | 16.1% | -1.1% | 28.9% | 96.4% |
| Revenue growth | -15.5% | 1.5% | -17.3% | -0.3% | -8.3% | -1.0% |
| Earnings growth | -7.1% | 71.8% | -108.8% | -812.3% | -79.7% | -146.9% |
| Current ratio | 1.72x | 2.15x | 1.72x | 2.04x | 3.04x | 2.32x |
| Debt to equity | 1.41x | 1.71x | 1.27x | 2.10x | 0.68x | 0.59x |
| Equity ratio | 32.4% | 28.8% | 30.9% | 22.8% | 48.4% | 49.9% |
| Interest coverage | 10.31x | 13.51x | 3.37x | -55.56x | 20.84x | 61.81x |
| Buybacks as a share of market value | -1.8% | -0.3% | 0.4% | 2.1% | -0.4% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -8.3% | 9.7% |
| Operating income | — | -19.9% | 9.9% |
| Net income | — | -27.4% | 9.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.3% | 39.2% | 40.5% | 39.4% |
| Operating margin | 4.9% | 1.6% | 4.0% | 2.7% |
| Net margin | 2.9% | -2.9% | 0.6% | -4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.6 | 11.3 | 16.7 | -1.9 | 22.9 | 6.6 | -2.5 | -4.6 | — | 24.1 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 | 0.6 | 0.5 | 1.2 | 1.2 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2022.
| FY2022 | |
|---|---|
| Paid in the year | 12.00 |
- 2-for-1 split · 28 Dec 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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