B 
1,037
+4.22%
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
¥1.43bn
FY2019FY2026
Net income
¥192.8m
FY2019FY2026
Free cash flow
¥409.7m
FY2019FY2026
Shareholders' equity
¥1.85bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.43bn | ¥1.26bn | ¥1.00bn | ¥1.05bn | ¥934.3m | ¥854.5m | ¥631.6m | ¥432.7m |
| Research and development | ¥102.6m | ¥75.6m | ¥38.8m | ¥68.2m | ¥105.7m | ¥194.0m | ¥137.8m | ¥71.8m |
| Operating income | ¥250.3m | ¥165.8m | ¥73.3m | ¥163.2m | ¥174.0m | ¥158.2m | ¥69.5m | ¥16.3m |
| Net income | ¥192.8m | ¥133.7m | ¥48.6m | ¥122.6m | ¥141.3m | ¥110.3m | ¥78.9m | ¥39.9m |
| Diluted earnings per share | 32.42 | 22.91 | 8.75 | 22.17 | 25.96 | 18.09 | 13.27 | 6.72 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.36bn | ¥2.06bn | ¥1.86bn | ¥1.84bn | ¥1.71bn | ¥1.64bn | ¥521.3m | ¥347.2m |
| Cash and short-term investments | ¥1.68bn | ¥1.48bn | ¥1.31bn | ¥1.31bn | ¥1.30bn | ¥1.40bn | ¥319.8m | ¥150.6m |
| Total liabilities | ¥513.6m | ¥414.0m | ¥303.7m | ¥347.1m | ¥364.6m | ¥434.1m | ¥440.7m | ¥345.5m |
| Debt | — | — | ¥6.0m | ¥14.0m | ¥80.5m | ¥121.2m | ¥202.1m | ¥161.2m |
| Shareholders' equity | ¥1.85bn | ¥1.64bn | ¥1.56bn | ¥1.49bn | ¥1.35bn | ¥1.21bn | ¥80.5m | ¥1.7m |
| Shares outstanding | 6m | 6m | 6m | 6m | 5m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥430.5m | ¥420.5m | ¥230.1m | ¥275.3m | ¥134.6m | ¥221.6m | ¥185.0m | ¥95.9m |
| Capital spending | −¥20.8m | −¥6.2m | −¥6.0m | −¥8.7m | −¥8.3m | −¥3.8m | −¥2.0m | −¥59.0m |
| Free cash flow | ¥409.7m | ¥414.3m | ¥224.1m | ¥266.6m | ¥126.3m | ¥217.8m | ¥182.9m | ¥37.0m |
| Dividends paid | — | — | — | — | −¥49.0m | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥442.3m | ¥353.0m | ¥382.8m | ¥255.2m | ¥313.0m | ¥425.7m | ¥315.0m | ¥202.2m |
| Operating income | ¥118.1m | ¥59.5m | ¥99.7m | −¥27.1m | ¥43.9m | ¥129.7m | ¥54.8m | −¥62.5m |
| Net income | ¥98.9m | ¥46.6m | ¥64.5m | −¥17.2m | ¥49.1m | ¥90.9m | ¥37.5m | −¥43.8m |
| Diluted earnings per share | 16.63 | 7.84 | 10.85 | -2.95 | 8.42 | 15.58 | 6.43 | -7.89 |
| Total assets | ¥2.36bn | ¥2.16bn | ¥2.06bn | ¥1.98bn | ¥2.06bn | ¥1.99bn | ¥1.73bn | ¥1.76bn |
| Cash and short-term investments | ¥1.68bn | ¥1.60bn | ¥1.48bn | ¥1.48bn | ¥1.48bn | ¥1.44bn | ¥1.17bn | ¥1.19bn |
| Debt | — | — | — | — | — | ¥1.5m | ¥3.0m | ¥4.5m |
| Shareholders' equity | ¥1.85bn | ¥1.74bn | ¥1.70bn | ¥1.63bn | ¥1.64bn | ¥1.57bn | ¥1.47bn | ¥1.48bn |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 17.5% | 13.2% | 7.3% | 15.5% | 18.6% | 18.5% | — | — |
| Net margin | 13.4% | 10.6% | 4.8% | 11.6% | 15.1% | 12.9% | — | — |
| Return on equity | 10.4% | 8.1% | 3.1% | 8.2% | 10.5% | 9.1% | — | — |
| Return on assets | 8.2% | 6.5% | 2.6% | 6.7% | 8.2% | 6.7% | — | — |
| Free cash flow yield | 5.2% | 5.2% | 3.0% | 3.6% | 1.8% | 2.6% | — | — |
| Revenue growth | 14.1% | 25.0% | -4.7% | 12.8% | 9.3% | 35.3% | — | — |
| Earnings growth | 44.2% | 174.8% | -60.3% | -13.2% | 28.2% | 39.8% | — | — |
| Current ratio | 4.43x | 4.64x | 5.22x | 4.86x | 4.48x | 4.55x | — | — |
| Debt to equity | — | — | 0.00x | 0.01x | 0.06x | 0.10x | 2.51x | 21.37x |
| Equity ratio | 78.2% | 79.9% | 83.7% | 81.1% | 78.7% | 73.5% | — | — |
| Interest coverage | — | 1143.79x | 348.87x | 139.53x | 85.52x | 41.25x | 15.97x | — |
| R&D as a share of sales | 7.2% | 6.0% | 3.9% | 6.5% | 11.3% | 22.7% | — | — |
| Buybacks as a share of market value | -1.9% | -5.0% | -0.4% | -1.6% | 10.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | 10.9% | — |
| Operating income | 15.3% | 9.6% | — |
| Net income | 16.3% | 11.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.5% | 13.7% | 15.1% | — |
| Net margin | 12.1% | 10.5% | 11.5% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 33.0 | 36.4 | 79.0 | 25.5 | 35.4 | 118.1 |
| Price to sales | 4.4 | 3.9 | 3.8 | 3.0 | 5.4 | 15.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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