B 
376
+3.87%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥3.30bn
FY2019FY2026
Net income
¥24.6m
FY2019FY2026
Free cash flow
¥24.6m
FY2019FY2026
Shareholders' equity
¥2.46bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.30bn | ¥2.35bn | ¥2.51bn | ¥2.29bn | ¥1.94bn | ¥2.10bn | ¥1.80bn | ¥1.50bn |
| Gross profit | ¥1.39bn | ¥1.19bn | ¥1.27bn | ¥1.16bn | ¥1.06bn | ¥691.0m | ¥524.5m | ¥460.6m |
| Research and development | ¥96.1m | ¥50.4m | ¥59.9m | ¥51.3m | ¥10.0m | ¥16.1m | ¥4.8m | ¥14.0m |
| Operating income | ¥47.4m | ¥28.8m | ¥256.0m | ¥358.2m | ¥375.1m | ¥175.2m | ¥31.9m | ¥86.7m |
| Net income | ¥24.6m | −¥17.1m | ¥174.9m | ¥259.7m | ¥259.0m | ¥130.2m | ¥10.6m | ¥61.1m |
| Diluted earnings per share | 7.37 | -5.13 | 51.48 | 73.55 | 70.83 | 36.91 | 3.16 | 18.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.34bn | ¥3.90bn | ¥3.73bn | ¥3.56bn | ¥3.35bn | ¥1.39bn | ¥1.27bn | ¥1.02bn |
| Cash and short-term investments | ¥1.70bn | ¥1.71bn | ¥2.23bn | ¥2.22bn | ¥2.36bn | ¥645.5m | ¥584.1m | ¥363.1m |
| Total liabilities | ¥1.83bn | ¥1.36bn | ¥1.12bn | ¥895.8m | ¥952.6m | ¥871.0m | ¥914.1m | ¥667.9m |
| Debt | ¥42.2m | ¥69.9m | ¥5.4m | ¥4.7m | ¥100.5m | ¥212.2m | ¥347.2m | ¥287.7m |
| Shareholders' equity | ¥2.46bn | ¥2.52bn | ¥2.61bn | ¥2.66bn | ¥2.40bn | ¥523.8m | ¥358.7m | ¥347.9m |
| Shares outstanding | 3m | 3m | 3m | 4m | 4m | 4m | 3m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥59.2m | −¥348.0m | ¥252.4m | ¥94.8m | ¥338.4m | ¥182.6m | ¥174.7m | −¥64.9m |
| Capital spending | −¥34.6m | −¥7.8m | −¥68.6m | −¥4.0m | −¥8.8m | −¥2.7m | −¥1.7m | −¥80.7m |
| Free cash flow | ¥24.6m | −¥355.8m | ¥183.8m | ¥90.8m | ¥329.5m | ¥179.8m | ¥173.0m | −¥145.6m |
| Dividends paid | — | — | — | −¥1.3m | −¥1.7m | −¥75,000 | — | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥784.9m | ¥813.5m | ¥799.0m | ¥901.5m | ¥706.9m | ¥554.1m | ¥571.7m | ¥516.8m |
| Gross profit | ¥265.5m | ¥370.5m | ¥319.8m | ¥438.5m | ¥374.5m | ¥276.8m | ¥290.8m | ¥250.1m |
| Operating income | −¥66.2m | ¥2.6m | ¥4.5m | ¥106.6m | ¥91.9m | −¥2.3m | −¥16.8m | −¥41.6m |
| Net income | −¥49.8m | ¥7.5m | −¥2.8m | ¥69.7m | ¥54.9m | −¥4.7m | −¥17.8m | −¥49.7m |
| Diluted earnings per share | -14.91 | 2.25 | -0.85 | 20.88 | 16.45 | -1.37 | -5.23 | -14.62 |
| Cash from operations | — | — | ¥77.0m | — | — | — | −¥136.0m | −¥136.0m |
| Capital spending | — | — | — | — | — | — | −¥6.0m | −¥7.0m |
| Free cash flow | — | — | — | — | — | — | −¥142.0m | −¥143.0m |
| Total assets | ¥4.34bn | ¥4.33bn | ¥4.03bn | ¥4.21bn | ¥3.90bn | ¥3.20bn | ¥3.21bn | ¥3.30bn |
| Cash and short-term investments | ¥1.70bn | ¥1.80bn | ¥1.83bn | ¥1.82bn | ¥1.71bn | ¥1.82bn | ¥1.85bn | ¥2.05bn |
| Debt | ¥39.7m | ¥30.8m | ¥33.3m | ¥51.2m | ¥66.1m | — | — | ¥5.8m |
| Shareholders' equity | ¥2.46bn | ¥2.52bn | ¥2.51bn | ¥2.57bn | ¥2.52bn | ¥2.48bn | ¥2.53bn | ¥2.56bn |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 42.3% | 50.7% | 50.5% | 50.7% | 54.8% | 32.9% |
| Operating margin | 1.4% | 1.2% | 10.2% | 15.6% | 19.3% | 8.3% |
| Net margin | 0.7% | -0.7% | 7.0% | 11.3% | 13.3% | 6.2% |
| Return on equity | 1.0% | -0.7% | 6.7% | 9.8% | 10.8% | 24.9% |
| Return on assets | 0.6% | -0.4% | 4.7% | 7.3% | 7.7% | 9.3% |
| Free cash flow yield | 5.6% | -20.4% | 18.9% | 5.6% | 19.0% | 10.5% |
| Revenue growth | 40.4% | -6.3% | 9.5% | 17.9% | -7.6% | 16.8% |
| Earnings growth | -243.6% | -109.8% | -32.7% | 0.3% | 98.9% | 1133.6% |
| Current ratio | 2.18x | 2.74x | 3.16x | 4.06x | 3.48x | 1.61x |
| Debt to equity | 0.01x | 0.03x | 0.00x | 0.00x | 0.04x | 0.40x |
| Equity ratio | 56.6% | 64.6% | 69.9% | 74.8% | 71.6% | 37.6% |
| Interest coverage | 70.26x | 93.26x | 1471.13x | 765.33x | 344.09x | 84.16x |
| R&D as a share of sales | 2.9% | 2.1% | 2.4% | 2.2% | 0.5% | 0.8% |
| Buybacks as a share of market value | 0.0% | 1.7% | 3.8% | 3.5% | -3.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.9% | 9.4% | — |
| Operating income | -49.0% | -23.0% | — |
| Net income | -54.4% | -28.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.8% | 48.0% | 46.7% | — |
| Operating margin | 1.3% | 6.6% | 8.6% | — |
| Net margin | 0.1% | 4.2% | 5.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 56.1 | -284.9 | 26.0 | 15.2 | 26.7 | 50.5 |
| Price to sales | 0.4 | 2.1 | 1.8 | 1.7 | 3.6 | 3.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.