F 
675
-0.30%
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
¥543.9m
FY2018FY2026
Net income
¥42.5m
FY2018FY2026
Free cash flow
−¥78.9m
FY2018FY2026
Shareholders' equity
¥727.6m
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥543.9m | ¥497.6m | ¥494.2m | ¥389.7m | ¥382.7m | ¥260.4m | ¥419.7m | ¥282.5m | ¥210.4m |
| Gross profit | ¥390.6m | ¥317.3m | ¥330.9m | ¥284.1m | ¥273.0m | ¥182.7m | ¥300.6m | ¥190.0m | ¥155.1m |
| Research and development | — | ¥124.2m | ¥115.4m | ¥113.5m | ¥83.1m | ¥89.5m | ¥48.1m | ¥64.7m | ¥28.7m |
| Operating income | ¥41.1m | −¥9.9m | −¥4.1m | −¥25.2m | ¥24.8m | −¥64.4m | ¥98.5m | −¥3.5m | ¥52.1m |
| Net income | ¥42.5m | −¥38.6m | −¥7.9m | −¥28.6m | ¥29.0m | −¥62.1m | ¥66.5m | −¥8.2m | ¥42.6m |
| Diluted earnings per share | 7.27 | -6.60 | -1.35 | -4.89 | 5.23 | -11.29 | 12.11 | -1.40 | 7.28 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥786.9m | ¥720.0m | ¥768.1m | ¥591.4m | ¥616.9m | ¥544.5m | ¥578.1m | ¥449.3m | ¥438.9m |
| Cash and short-term investments | ¥528.7m | ¥594.2m | ¥578.4m | ¥416.5m | ¥470.6m | ¥451.9m | ¥419.5m | ¥339.9m | ¥395.6m |
| Total liabilities | ¥59.3m | ¥30.2m | ¥38.2m | ¥42.5m | ¥48.4m | ¥37.8m | ¥53.8m | ¥62.9m | ¥43.8m |
| Debt | — | — | — | — | — | — | — | ¥8.8m | ¥13.9m |
| Shareholders' equity | ¥727.6m | ¥689.8m | ¥729.9m | ¥548.8m | ¥568.5m | ¥506.7m | ¥524.2m | ¥386.4m | ¥395.0m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 5m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥77.3m | ¥22.1m | −¥18.8m | ¥1.4m | ¥16.4m | −¥6.2m | ¥36.5m | −¥1.2m | ¥49.4m |
| Capital spending | −¥1.6m | −¥5.3m | −¥9.3m | −¥19.0m | −¥4.6m | −¥5.8m | −¥18.8m | −¥22.8m | −¥2.9m |
| Free cash flow | −¥78.9m | ¥16.7m | −¥28.0m | −¥17.6m | ¥11.8m | −¥12.1m | ¥17.7m | −¥24.1m | ¥46.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥177.1m | ¥161.4m | ¥109.6m | ¥95.8m | ¥93.2m | ¥157.2m | ¥126.7m | ¥120.5m |
| Gross profit | ¥119.8m | ¥117.2m | ¥92.9m | ¥60.7m | ¥56.5m | ¥106.1m | ¥80.8m | ¥73.9m |
| Operating income | ¥36.3m | ¥30.1m | ¥4.2m | −¥29.5m | −¥35.2m | ¥32.9m | ¥119,000 | −¥7.8m |
| Net income | ¥40.1m | ¥30.0m | ¥1.9m | −¥29.4m | −¥52.3m | ¥22.3m | −¥547,000 | −¥8.1m |
| Diluted earnings per share | 6.85 | 5.13 | 0.32 | -5.03 | -8.94 | 3.82 | -0.09 | -1.39 |
| Total assets | ¥786.9m | ¥726.5m | ¥692.1m | ¥682.4m | ¥720.0m | ¥782.3m | ¥752.0m | ¥742.0m |
| Cash and short-term investments | ¥528.7m | ¥528.6m | ¥526.1m | ¥547.8m | ¥594.2m | ¥502.8m | ¥501.0m | ¥522.0m |
| Shareholders' equity | ¥727.6m | ¥692.7m | ¥662.3m | ¥659.7m | ¥689.8m | ¥742.2m | ¥720.0m | ¥719.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 71.8% | 63.8% | 66.9% | 72.9% | 71.3% | 70.2% | — | — | — |
| Operating margin | 7.6% | -2.0% | -0.8% | -6.5% | 6.5% | -24.8% | — | — | — |
| Net margin | 7.8% | -7.8% | -1.6% | -7.3% | 7.6% | -23.9% | — | — | — |
| Return on equity | 5.8% | -5.6% | -1.1% | -5.2% | 5.1% | -12.3% | — | — | — |
| Return on assets | 5.4% | -5.4% | -1.0% | -4.8% | 4.7% | -11.4% | — | — | — |
| Free cash flow yield | -1.9% | 0.7% | -0.2% | 0.5% | 0.5% | -0.0% | — | — | — |
| Revenue growth | 9.3% | 0.7% | 26.8% | 1.8% | 47.0% | -38.0% | — | — | — |
| Earnings growth | -210.2% | 389.4% | -72.4% | -198.5% | -146.7% | -193.4% | — | — | — |
| Current ratio | 12.25x | 22.79x | 18.27x | 11.86x | 17.77x | 13.43x | — | — | — |
| Debt to equity | — | — | — | — | 0.00x | 0.00x | 0.00x | 0.02x | 0.04x |
| Equity ratio | 92.5% | 95.8% | 95.0% | 92.8% | 92.1% | 93.1% | — | — | — |
| Interest coverage | — | — | — | — | 687.81x | -4027.62x | 32838.00x | -27.72x | 139.40x |
| R&D as a share of sales | — | 25.0% | 23.3% | 29.1% | 21.7% | 34.4% | 11.5% | — | — |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | -5.4% | -0.9% | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.8% | 15.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.0% | 68.7% | 69.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 92.0 | -44.6 | -321.2 | -161.4 | 124.3 | -56.6 | 125.2 |
| Price to sales | 7.2 | 3.5 | 5.1 | 11.8 | 9.4 | 13.5 | 19.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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