N 
3,920
-0.38%
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
¥21.06bn
FY2021FY2026
Net income
¥2.78bn
FY2021FY2026
Free cash flow
−¥1.51bn
FY2021FY2026
Shareholders' equity
¥11.05bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥21.06bn | ¥20.90bn | ¥19.99bn | ¥19.60bn | ¥17.43bn | ¥16.46bn |
| Gross profit | ¥5.98bn | ¥5.51bn | ¥5.50bn | ¥4.50bn | ¥4.13bn | ¥3.87bn |
| Research and development | — | ¥257.0m | ¥218.0m | ¥195.0m | ¥195.0m | ¥171.0m |
| Operating income | ¥1.70bn | ¥1.31bn | ¥1.56bn | ¥797.0m | ¥740.0m | ¥731.0m |
| Net income | ¥2.78bn | ¥1.02bn | ¥1.16bn | ¥504.0m | ¥462.0m | ¥155.0m |
| Diluted earnings per share | 1,381.11 | 498.14 | 575.01 | 254.58 | 244.96 | 77.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥19.55bn | ¥22.47bn | ¥20.26bn | ¥18.35bn | ¥17.22bn | ¥16.12bn |
| Cash and short-term investments | ¥2.04bn | ¥1.70bn | ¥1.71bn | ¥1.30bn | ¥1.28bn | ¥1.11bn |
| Total liabilities | ¥8.38bn | ¥13.96bn | ¥12.75bn | ¥13.15bn | ¥12.54bn | ¥12.08bn |
| Debt | ¥3.68bn | ¥5.64bn | ¥5.21bn | ¥6.07bn | ¥7.41bn | ¥8.24bn |
| Shareholders' equity | ¥11.05bn | ¥8.40bn | ¥7.42bn | ¥5.13bn | ¥4.63bn | ¥3.99bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | −¥259.0m | ¥181.0m | ¥2.65bn | ¥1.77bn | ¥1.59bn | ¥1.26bn |
| Capital spending | −¥1.26bn | −¥2.04bn | −¥2.07bn | −¥1.62bn | −¥1.20bn | −¥1.56bn |
| Free cash flow | −¥1.51bn | −¥1.85bn | ¥587.0m | ¥152.0m | ¥392.0m | −¥296.0m |
| Dividends paid | −¥131.0m | −¥119.0m | −¥48.0m | −¥19.0m | −¥19.0m | −¥15.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.90bn | ¥6.26bn | ¥5.62bn | ¥4.40bn | ¥4.78bn | ¥6.25bn | ¥5.86bn | ¥4.17bn |
| Gross profit | ¥1.65bn | ¥1.75bn | ¥1.51bn | ¥1.30bn | ¥1.42bn | ¥1.42bn | ¥1.53bn | ¥1.14bn |
| Operating income | ¥617.0m | ¥663.0m | ¥429.0m | ¥270.0m | ¥338.0m | ¥335.0m | ¥454.0m | ¥161.0m |
| Net income | ¥456.0m | ¥391.0m | ¥1.95bn | ¥226.0m | ¥208.0m | ¥235.0m | ¥335.0m | ¥110.0m |
| Diluted earnings per share | 226.79 | 194.46 | 957.05 | 110.81 | 101.98 | 115.22 | 166.20 | 54.57 |
| Total assets | ¥19.49bn | ¥19.55bn | ¥20.77bn | ¥22.91bn | ¥23.27bn | ¥22.47bn | ¥22.59bn | ¥20.79bn |
| Cash and short-term investments | ¥1.95bn | ¥2.04bn | ¥2.12bn | ¥1.63bn | ¥1.70bn | ¥1.70bn | ¥1.61bn | ¥1.78bn |
| Debt | ¥1.12bn | ¥3.46bn | ¥1.43bn | ¥4.57bn | ¥2.59bn | ¥5.36bn | ¥2.94bn | ¥5.67bn |
| Shareholders' equity | ¥11.48bn | ¥11.05bn | ¥10.70bn | ¥8.74bn | ¥8.49bn | ¥8.40bn | ¥8.15bn | ¥7.95bn |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.4% | 26.4% | 27.5% | 23.0% | 23.7% | 23.5% |
| Operating margin | 8.1% | 6.2% | 7.8% | 4.1% | 4.2% | 4.4% |
| Net margin | 13.2% | 4.9% | 5.8% | 2.6% | 2.6% | 0.9% |
| Return on equity | 25.1% | 12.1% | 15.6% | 9.8% | 10.0% | 3.9% |
| Return on assets | 14.2% | 4.5% | 5.7% | 2.7% | 2.7% | 1.0% |
| Free cash flow yield | 12.2% | 26.8% | 57.8% | 42.2% | 36.4% | — |
| Revenue growth | 0.8% | 4.6% | 2.0% | 12.4% | 5.9% | — |
| Earnings growth | 173.3% | -12.3% | 130.0% | 9.1% | 198.1% | — |
| Current ratio | 1.96x | 0.97x | 1.14x | 1.11x | 1.04x | 1.08x |
| Debt to equity | 0.31x | 0.64x | 0.65x | 1.18x | 1.60x | 2.06x |
| Equity ratio | 56.5% | 37.4% | 36.6% | 28.0% | 26.9% | 24.8% |
| Interest coverage | 28.33x | 20.09x | 36.40x | 18.98x | 16.09x | 14.06x |
| R&D as a share of sales | — | 1.2% | 1.1% | 1.0% | 1.1% | 1.0% |
| Buybacks as a share of market value | 1.4% | -1.2% | -1.8% | -5.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.4% | 5.1% | — |
| Operating income | 28.7% | 18.4% | — |
| Net income | 76.6% | 78.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 26.4% | 25.6% | — |
| Operating margin | 7.2% | 6.6% | 5.9% | — |
| Net margin | 9.0% | 6.7% | 5.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 3.0 | 6.2 | 3.8 | 17.1 |
| Price to sales | 0.4 | 0.3 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 95.00 | 55.00 | 15.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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