T 
172
+1.18%
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
¥1.83bn
FY2016FY2025
Net income
¥73.5m
FY2016FY2025
Free cash flow
¥178.5m
FY2016FY2025
Shareholders' equity
¥764.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.83bn | ¥1.83bn | ¥2.34bn | ¥2.25bn | ¥2.41bn | ¥2.30bn | ¥1.56bn | ¥1.25bn | ¥1.09bn | ¥786.5m |
| Gross profit | ¥976.5m | ¥937.2m | ¥1.23bn | ¥1.29bn | ¥1.45bn | ¥1.34bn | ¥1.08bn | ¥941.9m | ¥797.6m | ¥503.2m |
| Research and development | — | — | — | — | — | ¥93.0m | ¥30.6m | ¥51.3m | ¥85.3m | ¥25.4m |
| Operating income | ¥158.5m | −¥56.3m | −¥83.7m | −¥195.2m | ¥458.3m | ¥166.5m | ¥283.4m | ¥304.6m | ¥264.6m | ¥128.5m |
| Net income | ¥73.5m | −¥393.5m | −¥128.0m | −¥175.7m | ¥290.3m | ¥96.5m | ¥195.4m | ¥214.1m | ¥165.6m | ¥87.1m |
| Diluted earnings per share | 6.87 | -36.84 | -11.98 | -16.48 | 27.16 | 9.01 | 17.15 | 18.86 | 14.64 | 5.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.77bn | ¥1.54bn | ¥2.26bn | ¥2.31bn | ¥2.19bn | ¥2.03bn | ¥2.26bn | ¥2.04bn | ¥1.68bn | ¥808.5m |
| Cash and short-term investments | ¥1.23bn | ¥910.4m | ¥1.20bn | ¥995.0m | ¥1.45bn | ¥1.24bn | ¥1.68bn | ¥1.66bn | ¥1.46bn | ¥619.3m |
| Total liabilities | ¥999.7m | ¥842.7m | ¥1.16bn | ¥1.11bn | ¥827.6m | ¥972.4m | ¥731.8m | ¥727.6m | ¥599.5m | ¥558.7m |
| Debt | ¥714.4m | ¥624.9m | ¥830.4m | ¥709.9m | ¥436.6m | ¥576.6m | ¥430.0m | ¥357.5m | ¥240.8m | ¥249.7m |
| Shareholders' equity | ¥764.6m | ¥698.5m | ¥1.09bn | ¥1.20bn | ¥1.36bn | ¥1.06bn | ¥1.53bn | ¥1.32bn | ¥1.08bn | ¥249.8m |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥224.0m | ¥29.6m | ¥229.7m | −¥128.3m | ¥471.4m | ¥159.4m | −¥16.9m | ¥148.8m | ¥182.0m | ¥162.8m |
| Capital spending | −¥45.5m | −¥614,000 | −¥2.4m | −¥17.3m | −¥16.5m | −¥140.5m | −¥6.9m | −¥57.6m | −¥4.7m | −¥3.3m |
| Free cash flow | ¥178.5m | ¥29.0m | ¥227.3m | −¥145.5m | ¥454.9m | ¥18.9m | −¥23.8m | ¥91.2m | ¥177.2m | ¥159.5m |
| Dividends paid | — | — | — | — | — | −¥300.0m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥432.9m | ¥449.8m | ¥455.8m | ¥452.7m | ¥443.2m | ¥466.9m | ¥469.8m | ¥455.8m |
| Gross profit | ¥164.8m | ¥193.0m | ¥222.7m | ¥222.8m | ¥233.7m | ¥254.5m | ¥265.5m | ¥230.6m |
| Operating income | −¥32.5m | −¥10.9m | ¥13.9m | ¥23.9m | ¥40.9m | ¥53.3m | ¥40.3m | ¥5.8m |
| Net income | −¥7.4m | −¥42.5m | ¥9.5m | −¥13.9m | ¥28.0m | ¥35.2m | ¥24.2m | −¥344.2m |
| Diluted earnings per share | -0.69 | -3.97 | 0.89 | -1.30 | 2.62 | 3.29 | 2.26 | -32.22 |
| Cash from operations | — | — | — | ¥112.0m | — | ¥55.0m | ¥55.0m | — |
| Capital spending | — | — | — | −¥43.0m | — | — | −¥1.0m | — |
| Free cash flow | — | — | — | ¥69.0m | — | — | ¥54.0m | — |
| Total assets | ¥2.10bn | ¥1.83bn | ¥1.74bn | ¥1.77bn | ¥1.78bn | ¥1.77bn | ¥1.76bn | ¥1.54bn |
| Cash and short-term investments | ¥1.03bn | ¥1.09bn | ¥1.07bn | ¥1.23bn | ¥1.15bn | ¥1.12bn | ¥1.14bn | ¥910.4m |
| Debt | ¥440.9m | ¥699.9m | ¥331.7m | ¥714.4m | ¥325.3m | ¥732.8m | ¥346.0m | ¥329.9m |
| Shareholders' equity | ¥723.0m | ¥731.8m | ¥774.6m | ¥764.6m | ¥777.9m | ¥748.9m | ¥716.1m | ¥698.5m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 53.3% | 51.3% | 52.6% | 57.4% | 60.4% | 58.4% | — | — | — | — | — |
| Operating margin | 9.0% | -16.6% | -5.3% | -8.7% | 18.2% | 7.2% | — | — | — | — | — |
| Net margin | 4.0% | -21.6% | -5.5% | -7.8% | 12.1% | 4.2% | — | — | — | — | — |
| Return on equity | 9.6% | -56.3% | -11.7% | -14.6% | 21.3% | 9.1% | — | — | — | — | — |
| Return on assets | 4.2% | -25.5% | -5.7% | -7.6% | 13.3% | 4.7% | — | — | — | — | — |
| Free cash flow yield | 13.8% | 1.5% | 11.9% | -5.7% | 24.9% | 15.3% | — | — | — | — | — |
| Revenue growth | 0.4% | -22.0% | 3.9% | -6.3% | 4.5% | 47.8% | — | — | — | — | — |
| Earnings growth | -118.7% | 207.6% | -27.2% | -160.5% | 200.9% | -50.6% | — | — | — | — | — |
| Current ratio | 2.48x | 2.18x | 2.06x | 1.76x | 2.96x | 2.55x | — | — | — | — | — |
| Debt to equity | 0.93x | 0.89x | 0.76x | 0.59x | 0.32x | 0.54x | — | — | — | — | — |
| Equity ratio | 43.3% | 45.3% | 48.4% | 52.0% | 62.2% | 52.2% | — | — | — | — | — |
| Interest coverage | 21.25x | -69.22x | -45.69x | -125.46x | 286.63x | 106.59x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | 4.0% | 2.0% | 4.1% | 7.8% | 3.2% | 2.4% |
| Buybacks as a share of market value | -0.2% | -0.0% | -0.2% | 0.3% | 0.2% | 6.0% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.7% | -4.5% | 15.1% |
| Operating income | — | -1.0% | 13.3% |
| Net income | — | -5.3% | 6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.3% | 53.8% | 55.8% | 60.1% |
| Operating margin | 2.8% | -2.1% | 3.5% | 8.1% |
| Net margin | -8.7% | -7.6% | -1.8% | 2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.7 | -5.0 | -18.4 | -16.4 | 17.6 | 113.9 | 28.0 | 30.8 | 50.5 |
| Price to sales | 1.2 | 1.1 | 1.0 | 1.3 | 2.1 | 4.8 | 3.5 | 5.3 | 7.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-for-1 split · 26 Sept 2018
- 2-for-1 split · 28 Mar 2018
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.