T 
2,180
+3.42%
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
¥4.86bn
FY2018FY2025
Net income
¥1.09bn
FY2018FY2025
Free cash flow
¥2.02bn
FY2018FY2025
Shareholders' equity
¥4.04bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.86bn | ¥3.15bn | ¥2.43bn | ¥1.94bn | ¥1.58bn | ¥1.10bn | ¥761.2m | ¥482.6m |
| Gross profit | ¥4.41bn | ¥3.05bn | ¥2.37bn | ¥1.88bn | ¥1.38bn | ¥944.8m | ¥633.0m | ¥381.9m |
| Research and development | — | — | — | — | ¥15.7m | ¥5.0m | ¥1.7m | — |
| Operating income | ¥1.61bn | ¥1.16bn | ¥875.2m | ¥639.3m | ¥418.5m | ¥246.0m | ¥97.6m | ¥137.2m |
| Net income | ¥1.09bn | ¥840.0m | ¥631.4m | ¥427.0m | ¥286.8m | ¥150.2m | ¥72.2m | ¥91.6m |
| Diluted earnings per share | 99.11 | 76.87 | 58.04 | 39.64 | 26.04 | 14.82 | 6.66 | 8.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.54bn | ¥4.66bn | ¥3.35bn | ¥2.61bn | ¥2.21bn | ¥1.72bn | ¥692.5m | ¥507.7m |
| Cash and short-term investments | ¥4.41bn | ¥4.20bn | ¥2.94bn | ¥2.30bn | ¥1.90bn | ¥1.62bn | ¥611.4m | ¥427.0m |
| Total liabilities | ¥2.48bn | ¥1.61bn | ¥1.11bn | ¥975.4m | ¥746.9m | ¥552.6m | ¥316.6m | ¥217.0m |
| Debt | — | — | ¥721.1m | ¥561.2m | ¥446.7m | ¥325.0m | ¥218.6m | −¥137.3m |
| Shareholders' equity | ¥4.04bn | ¥3.04bn | ¥2.24bn | ¥1.63bn | ¥1.46bn | ¥1.17bn | ¥375.9m | ¥290.7m |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 10m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.02bn | ¥1.34bn | ¥770.9m | ¥650.1m | ¥443.4m | ¥378.2m | ¥179.9m | ¥210.7m |
| Capital spending | −¥5.0m | −¥6.0m | −¥2.4m | −¥4.7m | −¥76.0m | −¥2.8m | −¥3.8m | −¥3.8m |
| Free cash flow | ¥2.02bn | ¥1.33bn | ¥768.5m | ¥645.5m | ¥367.3m | ¥375.5m | ¥176.1m | ¥207.0m |
| Dividends paid | −¥152.0m | −¥108.0m | −¥70.0m | −¥50.7m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.54bn | ¥1.39bn | ¥1.35bn | ¥1.26bn | ¥1.17bn | ¥1.08bn | ¥895.4m | ¥802.0m |
| Gross profit | ¥1.40bn | ¥1.26bn | ¥1.21bn | ¥1.15bn | ¥1.07bn | ¥974.0m | ¥871.3m | ¥777.9m |
| Operating income | ¥646.0m | ¥601.0m | ¥306.0m | ¥444.0m | ¥525.0m | ¥332.0m | ¥321.4m | ¥282.4m |
| Net income | ¥422.0m | ¥402.0m | ¥235.0m | ¥288.0m | ¥344.0m | ¥219.0m | ¥257.8m | ¥195.9m |
| Diluted earnings per share | 38.89 | 37.05 | 21.45 | 26.28 | 31.40 | 19.99 | 23.59 | 17.93 |
| Total assets | ¥7.17bn | ¥6.04bn | ¥6.54bn | ¥6.13bn | ¥5.80bn | ¥4.67bn | ¥4.66bn | ¥4.23bn |
| Cash and short-term investments | ¥5.06bn | ¥3.79bn | ¥4.41bn | ¥4.05bn | ¥3.63bn | ¥2.70bn | ¥4.20bn | ¥3.81bn |
| Debt | — | — | — | ¥7.0m | ¥82.0m | ¥21.0m | — | — |
| Shareholders' equity | ¥4.43bn | ¥4.11bn | ¥4.04bn | ¥3.81bn | ¥3.52bn | ¥2.91bn | ¥3.04bn | ¥2.78bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 90.7% | 96.9% | 97.2% | 96.9% | 87.8% | 86.2% | — | — |
| Operating margin | 33.1% | 37.0% | 36.0% | 33.0% | 26.5% | 22.5% | — | — |
| Net margin | 22.4% | 26.7% | 25.9% | 22.0% | 18.2% | 13.7% | — | — |
| Return on equity | 26.9% | 27.6% | 28.2% | 26.1% | 19.7% | 12.8% | — | — |
| Return on assets | 16.6% | 18.0% | 18.9% | 16.4% | 13.0% | 8.7% | — | — |
| Free cash flow yield | 8.2% | 5.5% | 3.2% | 2.7% | 2.1% | 1.7% | — | — |
| Revenue growth | 54.4% | 29.2% | 25.7% | 22.9% | 43.9% | 43.9% | — | — |
| Earnings growth | 29.3% | 33.0% | 47.9% | 48.9% | 90.9% | 108.0% | — | — |
| Current ratio | 2.02x | 2.74x | 2.79x | 2.48x | 2.68x | 3.03x | — | — |
| Debt to equity | — | — | 0.32x | 0.34x | 0.31x | 0.28x | 0.58x | -0.47x |
| Equity ratio | 61.8% | 65.3% | 67.0% | 62.6% | 66.1% | 67.9% | — | — |
| Interest coverage | 1607.00x | — | 4655.37x | 1096.62x | 138.95x | 31.36x | 116.78x | — |
| R&D as a share of sales | — | — | — | — | 1.0% | 0.5% | 0.2% | — |
| Buybacks as a share of market value | -0.3% | -0.4% | -1.0% | 2.2% | -8.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.9% | 34.7% | — |
| Operating income | 36.0% | 45.5% | — |
| Net income | 36.5% | 48.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 93.1% | 94.5% | 93.2% | — |
| Operating margin | 34.6% | 34.6% | 32.9% | — |
| Net margin | 24.1% | 24.1% | 22.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 27.8 | 28.1 | 25.1 | 29.1 | 79.2 | 167.9 |
| Price to sales | 6.2 | 7.5 | 6.5 | 6.4 | 14.4 | 23.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 34.00 | 10.00 | 7.00 | 5.00 |
- 2-for-1 split · 29 Dec 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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