K 
389
+2.37%
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
¥1.06bn
FY2018FY2026
Net income
¥256.2m
FY2018FY2026
Free cash flow
¥73.8m
FY2018FY2026
Shareholders' equity
¥737.4m
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.06bn | ¥1.27bn | ¥2.19bn | ¥2.06bn | ¥1.31bn | ¥1.00bn | ¥732.9m | ¥637.6m | ¥479.2m |
| Operating income | ¥203.9m | −¥34.0m | ¥101.8m | −¥369.6m | −¥264.1m | ¥223.2m | ¥123.2m | ¥89.5m | ¥87.5m |
| Net income | ¥256.2m | −¥69.0m | ¥114.9m | −¥372.5m | −¥271.7m | ¥139.1m | ¥83.6m | ¥63.3m | ¥64.3m |
| Diluted earnings per share | 38.28 | -10.32 | 18.31 | -59.48 | -43.75 | 22.18 | 15.36 | 9.45 | 9.60 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.57bn | ¥768.6m | ¥1.23bn | ¥1.09bn | ¥1.48bn | ¥1.14bn | ¥438.7m | ¥307.8m | ¥235.0m |
| Cash and short-term investments | ¥884.5m | ¥596.1m | ¥483.5m | ¥686.6m | ¥1.04bn | ¥964.9m | ¥315.0m | ¥175.6m | ¥136.5m |
| Total liabilities | ¥832.4m | ¥288.1m | ¥875.7m | ¥866.1m | ¥906.0m | ¥171.0m | ¥121.9m | ¥72.4m | ¥62.9m |
| Debt | ¥692.9m | ¥200.0m | ¥300.0m | ¥400.0m | ¥500.0m | — | — | — | ¥11.6m |
| Shareholders' equity | ¥737.4m | ¥480.5m | ¥352.6m | ¥221.6m | ¥573.8m | ¥967.9m | ¥316.8m | ¥235.4m | ¥172.1m |
| Shares outstanding | 7m | 7m | 6m | 6m | 6m | 6m | 5m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥74.7m | −¥115.0m | −¥107.4m | −¥255.4m | −¥346.9m | ¥185.2m | ¥143.8m | ¥62.5m | ¥26.5m |
| Capital spending | −¥871,000 | −¥1.0m | −¥3.0m | −¥2.8m | −¥2.2m | −¥21.4m | −¥2.1m | −¥11.9m | −¥576,000 |
| Free cash flow | ¥73.8m | −¥116.0m | −¥110.4m | −¥258.2m | −¥349.1m | ¥163.8m | ¥141.7m | ¥50.7m | ¥26.0m |
| Dividends paid | — | — | — | — | −¥500.0m | — | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥327.6m | ¥262.5m | ¥257.2m | ¥211.9m | ¥195.0m | ¥296.7m | ¥333.2m | ¥445.0m |
| Operating income | ¥62.3m | ¥58.8m | ¥54.6m | ¥33.0m | ¥31.0m | ¥3.6m | −¥37.8m | −¥31.6m |
| Net income | ¥109.3m | ¥59.2m | ¥54.5m | ¥33.2m | ¥4.0m | −¥3.6m | −¥38.1m | −¥31.0m |
| Diluted earnings per share | 16.34 | 8.84 | 8.14 | 4.97 | 0.60 | -0.54 | -5.70 | -4.94 |
| Total assets | ¥1.57bn | ¥856.2m | ¥819.9m | ¥778.7m | ¥768.6m | ¥619.1m | ¥680.3m | ¥809.1m |
| Cash and short-term investments | ¥884.5m | ¥683.5m | ¥619.8m | ¥601.5m | ¥596.1m | ¥335.4m | ¥191.6m | ¥181.9m |
| Debt | ¥185.8m | ¥100.0m | ¥150.0m | ¥100.0m | ¥100.0m | ¥100.0m | ¥250.0m | ¥100.0m |
| Shareholders' equity | ¥737.4m | ¥628.0m | ¥568.4m | ¥514.0m | ¥480.5m | ¥287.5m | ¥291.2m | ¥320.7m |
Financial ratios
Data as of 24 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 19.2% | -4.1% | 4.6% | -18.0% | -24.4% | 20.8% |
| Net margin | 24.2% | -5.4% | 5.2% | -18.1% | -20.8% | 13.9% |
| Return on equity | 34.7% | -14.4% | 32.6% | -168.1% | -47.4% | 14.4% |
| Return on assets | 16.3% | -9.0% | 9.4% | -34.2% | -18.4% | 12.2% |
| Free cash flow yield | 2.6% | -4.0% | -3.9% | -9.4% | -13.0% | 7.7% |
| Revenue growth | -16.6% | -42.1% | 6.7% | 57.4% | 30.3% | 36.7% |
| Earnings growth | -471.3% | -160.1% | -130.8% | 37.1% | -295.4% | 66.2% |
| Current ratio | 3.29x | 4.04x | 1.94x | 1.91x | 3.44x | 6.57x |
| Debt to equity | 0.25x | 0.21x | 0.85x | 1.81x | 0.87x | 0.00x |
| Equity ratio | 47.0% | 62.5% | 28.7% | 20.4% | 38.8% | 85.0% |
| Interest coverage | 71.08x | -37.69x | 52.21x | -147.16x | -864.02x | 13.93x |
| Buybacks as a share of market value | -0.1% | -6.5% | -0.2% | -0.8% | 0.9% | -15.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.8% | 1.1% | — |
| Operating income | — | -1.8% | — |
| Net income | — | 13.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | -43.8 | 24.0 | -8.5 | -15.8 | 45.8 | 120.8 |
| Price to sales | 2.4 | 2.4 | 1.3 | 1.6 | 3.3 | 6.3 | 13.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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