L 
720
+1.98%
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
¥7.73bn
FY2019FY2025
Net income
¥287.6m
FY2019FY2025
Free cash flow
¥530.3m
FY2019FY2025
Shareholders' equity
¥3.75bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥7.73bn | ¥7.97bn | ¥7.65bn | ¥6.88bn | ¥5.83bn | ¥5.33bn | ¥5.67bn |
| Gross profit | ¥2.55bn | ¥2.36bn | ¥2.56bn | ¥2.32bn | ¥1.96bn | ¥1.68bn | ¥1.48bn |
| Research and development | — | — | ¥647,000 | ¥616,000 | ¥12.2m | ¥39.8m | ¥45.4m |
| Operating income | ¥445.5m | ¥560.1m | ¥774.6m | ¥772.2m | ¥549.3m | ¥254.1m | ¥178.1m |
| Net income | ¥287.6m | ¥362.2m | ¥539.6m | ¥467.1m | ¥317.0m | ¥139.2m | ¥86.3m |
| Diluted earnings per share | 42.55 | 31.90 | 68.57 | 59.38 | 41.82 | 20.82 | 12.91 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥6.10bn | ¥6.02bn | ¥6.43bn | ¥5.81bn | ¥5.47bn | ¥3.77bn | ¥2.90bn |
| Cash and short-term investments | ¥2.35bn | ¥2.55bn | ¥2.70bn | ¥3.23bn | ¥2.57bn | ¥1.32bn | ¥744.5m |
| Total liabilities | ¥2.33bn | ¥2.43bn | ¥2.61bn | ¥2.54bn | ¥2.65bn | ¥2.64bn | ¥1.99bn |
| Debt | ¥908.0m | ¥1.02bn | ¥1.14bn | ¥1.22bn | ¥1.43bn | ¥1.64bn | ¥1.09bn |
| Shareholders' equity | ¥3.75bn | ¥3.57bn | ¥3.81bn | ¥3.25bn | ¥2.80bn | ¥1.11bn | ¥890.8m |
| Shares outstanding | 7m | 11m | 8m | 8m | 8m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥551.5m | ¥1.13bn | ¥668.5m | ¥1.24bn | ¥409.8m | ¥486.2m | ¥140.1m |
| Capital spending | −¥21.2m | −¥40.9m | −¥11.6m | −¥3.4m | −¥302.1m | −¥48.4m | −¥43.8m |
| Free cash flow | ¥530.3m | ¥1.09bn | ¥656.9m | ¥1.23bn | ¥107.7m | ¥437.8m | ¥96.3m |
| Dividends paid | — | — | −¥94.0m | — | −¥23.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.94bn | ¥2.00bn | ¥1.70bn | ¥1.74bn | ¥2.10bn | ¥2.18bn | ¥1.86bn | ¥1.94bn |
| Gross profit | ¥557.0m | ¥561.9m | ¥404.0m | ¥494.1m | ¥791.9m | ¥862.9m | ¥503.4m | ¥501.6m |
| Operating income | −¥81.7m | ¥10.6m | −¥65.8m | −¥95.4m | ¥195.0m | ¥411.7m | ¥39.5m | ¥83.9m |
| Net income | −¥66.9m | −¥5.3m | −¥50.8m | −¥78.4m | ¥134.1m | ¥282.7m | ¥17.0m | ¥58.0m |
| Diluted earnings per share | -10.01 | -0.79 | -7.52 | -11.59 | 19.84 | 41.83 | 1.50 | 5.11 |
| Total assets | ¥6.03bn | ¥6.10bn | ¥6.10bn | ¥6.34bn | ¥6.79bn | ¥6.32bn | ¥6.02bn | ¥6.25bn |
| Cash and short-term investments | ¥1.85bn | ¥2.18bn | ¥2.35bn | ¥2.47bn | ¥2.38bn | ¥2.38bn | ¥2.55bn | ¥2.73bn |
| Debt | ¥853.0m | ¥702.9m | ¥906.1m | ¥704.0m | ¥956.6m | ¥708.0m | ¥710.9m | ¥711.0m |
| Shareholders' equity | ¥3.47bn | ¥3.60bn | ¥3.75bn | ¥3.87bn | ¥3.97bn | ¥3.84bn | ¥3.57bn | ¥3.80bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 33.0% | 29.6% | 33.4% | 33.7% | 33.6% | 31.5% | — |
| Operating margin | 5.8% | 7.0% | 10.1% | 11.2% | 9.4% | 4.8% | — |
| Net margin | 3.7% | 4.5% | 7.1% | 6.8% | 5.4% | 2.6% | — |
| Return on equity | 7.7% | 10.1% | 14.2% | 14.4% | 11.3% | 12.5% | — |
| Return on assets | 4.7% | 6.0% | 8.4% | 8.0% | 5.8% | 3.7% | — |
| Free cash flow yield | 10.3% | 12.6% | 10.7% | 19.8% | 6.8% | — | — |
| Revenue growth | -3.0% | 4.1% | 11.2% | 18.0% | 9.4% | -5.9% | — |
| Earnings growth | -20.6% | -32.9% | 15.5% | 47.3% | 127.7% | 61.3% | — |
| Current ratio | 1.72x | 1.71x | 1.90x | 1.72x | 1.99x | 1.31x | — |
| Debt to equity | 0.24x | 0.28x | 0.30x | 0.37x | 0.50x | 1.43x | — |
| Equity ratio | 61.5% | 59.4% | 59.2% | 56.0% | 51.2% | 29.5% | — |
| Interest coverage | 42.60x | 77.74x | 121.33x | 101.73x | 59.48x | 29.09x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.2% | 0.7% | 0.8% |
| Buybacks as a share of market value | 40.5% | -44.3% | -0.1% | -3.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 7.7% | — |
| Operating income | -16.8% | 11.9% | — |
| Net income | -14.9% | 15.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.3% | 32.4% | 32.4% | — |
| Operating margin | 6.4% | 8.4% | 8.1% | — |
| Net margin | 4.1% | 5.5% | 5.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 16.7 | 22.5 | 22.0 | 19.9 | 55.5 |
| Price to sales | 0.6 | 1.0 | 1.6 | 1.4 | 3.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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