S 
554
+2.78%
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
¥14.84bn
FY2018FY2025
Net income
¥476.0m
FY2018FY2025
Free cash flow
¥1.29bn
FY2018FY2025
Shareholders' equity
¥10.66bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥14.84bn | ¥13.57bn | ¥12.52bn | ¥10.75bn | ¥8.03bn | ¥5.37bn | ¥4.53bn | ¥2.22bn |
| Gross profit | ¥7.19bn | ¥6.97bn | ¥6.54bn | ¥5.08bn | ¥4.06bn | ¥2.85bn | ¥2.40bn | ¥1.26bn |
| Research and development | — | ¥224.0m | ¥227.0m | ¥295.3m | ¥245.6m | ¥107.4m | ¥61.1m | ¥5.5m |
| Operating income | ¥942.0m | ¥1.45bn | ¥1.70bn | ¥860.5m | ¥1.41bn | ¥886.4m | ¥474.6m | ¥301.5m |
| Net income | ¥476.0m | ¥1.02bn | ¥1.57bn | ¥824.0m | ¥1.30bn | ¥804.4m | ¥410.8m | ¥276.8m |
| Diluted earnings per share | 12.67 | 25.64 | 38.84 | 20.41 | 32.14 | 16.32 | 10.38 | 6.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥16.11bn | ¥13.98bn | ¥11.86bn | ¥9.68bn | ¥8.44bn | ¥6.22bn | ¥3.36bn | ¥1.62bn |
| Cash and short-term investments | ¥10.56bn | ¥9.79bn | ¥7.95bn | ¥6.26bn | ¥5.73bn | ¥5.07bn | ¥2.38bn | ¥773.5m |
| Total liabilities | ¥5.44bn | ¥3.68bn | ¥2.36bn | ¥1.94bn | ¥1.86bn | ¥1.20bn | ¥1.33bn | ¥994.4m |
| Debt | ¥1.78bn | ¥1.26bn | ¥44.0m | ¥279.8m | ¥359.4m | ¥362.5m | ¥608.1m | ¥323.5m |
| Shareholders' equity | ¥10.66bn | ¥10.29bn | ¥9.50bn | ¥7.74bn | ¥6.59bn | ¥5.02bn | ¥2.03bn | ¥626.2m |
| Shares outstanding | 38m | 40m | 40m | 40m | 40m | 49m | 40m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.35bn | ¥1.01bn | ¥1.88bn | ¥807.3m | ¥1.19bn | ¥862.8m | ¥461.8m | ¥386.5m |
| Capital spending | −¥65.0m | −¥76.0m | −¥95.0m | −¥177.2m | −¥51.7m | −¥33.5m | −¥43.7m | −¥60.8m |
| Free cash flow | ¥1.29bn | ¥934.0m | ¥1.79bn | ¥630.1m | ¥1.14bn | ¥829.4m | ¥418.1m | ¥325.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.47bn | ¥4.41bn | ¥3.88bn | ¥3.90bn | ¥3.52bn | ¥3.54bn | ¥3.57bn | ¥3.48bn |
| Gross profit | ¥2.21bn | ¥2.22bn | ¥1.94bn | ¥2.05bn | ¥1.57bn | ¥1.63bn | ¥1.75bn | ¥1.78bn |
| Operating income | ¥380.0m | ¥623.0m | ¥132.0m | ¥505.0m | ¥124.0m | ¥292.0m | ¥334.0m | ¥383.0m |
| Net income | ¥373.0m | ¥418.0m | −¥252.0m | ¥381.0m | ¥119.0m | ¥228.0m | ¥121.0m | ¥434.0m |
| Diluted earnings per share | 9.42 | 10.56 | -6.71 | 10.14 | 3.17 | 6.07 | 3.03 | 10.88 |
| Total assets | ¥19.30bn | ¥19.27bn | ¥16.11bn | ¥14.50bn | ¥13.68bn | ¥14.50bn | ¥13.98bn | ¥13.61bn |
| Cash and short-term investments | ¥12.27bn | ¥12.69bn | ¥10.56bn | ¥8.93bn | ¥9.02bn | ¥10.18bn | ¥9.79bn | ¥9.53bn |
| Debt | ¥3.40bn | ¥2.60bn | ¥1.78bn | ¥1.01bn | ¥1.25bn | ¥2.00bn | ¥1.26bn | ¥1.21bn |
| Shareholders' equity | ¥11.86bn | ¥11.22bn | ¥10.66bn | ¥10.25bn | ¥9.87bn | ¥10.09bn | ¥10.29bn | ¥10.31bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 48.5% | 51.3% | 52.3% | 47.2% | 50.6% | 53.1% | — |
| Operating margin | 6.3% | 10.7% | 13.6% | 8.0% | 17.6% | 16.5% | — |
| Net margin | 3.2% | 7.5% | 12.5% | 7.7% | 16.2% | 15.0% | — |
| Return on equity | 4.5% | 9.9% | 16.5% | 10.7% | 19.8% | 16.0% | — |
| Return on assets | 3.0% | 7.3% | 13.2% | 8.5% | 15.4% | 12.9% | — |
| Free cash flow yield | 7.1% | 5.1% | 9.2% | 4.6% | 5.8% | 3.4% | — |
| Revenue growth | 9.3% | 8.4% | 16.5% | 33.8% | 49.6% | 18.5% | — |
| Earnings growth | -53.5% | -34.8% | 90.4% | -36.7% | 61.8% | 95.8% | — |
| Current ratio | 4.17x | 3.74x | 4.94x | 4.93x | 4.69x | 5.73x | — |
| Debt to equity | 0.17x | 0.12x | 0.00x | 0.04x | 0.05x | 0.07x | — |
| Equity ratio | 66.2% | 73.7% | 80.1% | 80.0% | 78.0% | 80.7% | — |
| Interest coverage | 37.68x | 206.43x | 283.67x | 157.63x | 831.63x | 327.58x | — |
| R&D as a share of sales | — | 1.7% | 1.8% | 2.7% | 3.1% | 2.0% | 1.3% |
| Buybacks as a share of market value | 5.9% | 1.2% | -0.0% | 0.3% | 17.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.4% | 22.5% | — |
| Operating income | 3.1% | 1.2% | — |
| Net income | -16.7% | -10.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.8% | 49.9% | 50.2% | — |
| Operating margin | 8.4% | 9.6% | 11.1% | — |
| Net margin | 5.3% | 7.5% | 9.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 35.4 | 27.2 | 24.9 | 63.2 | 65.6 | 146.6 |
| Price to sales | 1.1 | 2.0 | 3.1 | 4.8 | 10.6 | 22.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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