A 
950
+8.45%
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
¥9.96bn
FY2019FY2026
Net income
−¥465.3m
FY2019FY2026
Free cash flow
−¥52.3m
FY2019FY2026
Shareholders' equity
¥1.86bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.96bn | ¥9.01bn | ¥8.43bn | ¥7.32bn | ¥4.80bn | ¥3.89bn | ¥3.58bn | ¥2.90bn |
| Gross profit | ¥1.55bn | ¥1.89bn | ¥2.03bn | ¥1.75bn | ¥1.19bn | ¥1.18bn | ¥1.05bn | ¥862.7m |
| Research and development | ¥17.2m | ¥116.0m | ¥113.0m | ¥118.0m | ¥57.4m | ¥127.9m | ¥95.9m | ¥95.9m |
| Operating income | −¥309.4m | ¥185.6m | ¥599.7m | ¥462.8m | ¥233.3m | ¥229.5m | ¥144.1m | ¥115.3m |
| Net income | −¥465.3m | ¥46.0m | ¥386.3m | ¥210.2m | ¥109.2m | ¥125.6m | ¥66.6m | ¥58.4m |
| Diluted earnings per share | -113.04 | 11.38 | 93.64 | 48.84 | 25.33 | 32.24 | 16.17 | 14.18 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.70bn | ¥5.76bn | ¥4.59bn | ¥4.20bn | ¥2.82bn | ¥2.08bn | ¥1.92bn | ¥1.82bn |
| Cash and short-term investments | ¥2.12bn | ¥2.29bn | ¥1.74bn | ¥1.82bn | ¥1.44bn | ¥1.03bn | ¥1.01bn | ¥903.8m |
| Total liabilities | ¥3.84bn | ¥3.37bn | ¥2.12bn | ¥2.08bn | ¥891.3m | ¥546.0m | ¥509.3m | ¥479.4m |
| Debt | ¥1.87bn | ¥1.77bn | ¥797.5m | ¥607.5m | ¥312.8m | ¥43.1m | ¥103.2m | ¥171.2m |
| Shareholders' equity | ¥1.86bn | ¥2.39bn | ¥2.47bn | ¥2.12bn | ¥1.92bn | ¥1.53bn | ¥1.41bn | ¥1.34bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥4.6m | ¥10.1m | ¥251.7m | ¥535.7m | ¥307.7m | ¥173.9m | ¥289.4m | ¥75.4m |
| Capital spending | −¥47.7m | −¥185.4m | −¥43.9m | −¥58.0m | −¥98.8m | −¥24.4m | −¥91.4m | −¥68.0m |
| Free cash flow | −¥52.3m | −¥175.2m | ¥207.7m | ¥477.7m | ¥208.8m | ¥149.5m | ¥198.1m | ¥7.4m |
| Dividends paid | −¥90.1m | −¥57.7m | −¥43.4m | −¥38.8m | −¥38.8m | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.47bn | ¥2.50bn | ¥2.34bn | ¥2.46bn | ¥2.68bn | ¥2.48bn | ¥2.55bn | ¥2.23bn |
| Gross profit | ¥621.9m | ¥515.4m | ¥282.3m | ¥378.5m | ¥417.0m | ¥466.8m | ¥618.6m | ¥455.4m |
| Operating income | ¥125.4m | ¥40.8m | −¥184.9m | −¥106.0m | −¥20.0m | ¥2.7m | ¥161.9m | ¥10.5m |
| Net income | ¥63.6m | ¥3.5m | −¥341.8m | −¥88.0m | −¥26.0m | −¥9.8m | ¥103.0m | −¥40.8m |
| Diluted earnings per share | 15.45 | 0.86 | -83.04 | -21.77 | -6.44 | -2.43 | 25.49 | -9.90 |
| Total assets | ¥5.82bn | ¥5.74bn | ¥5.70bn | ¥5.86bn | ¥5.72bn | ¥5.67bn | ¥5.76bn | ¥5.51bn |
| Cash and short-term investments | ¥1.99bn | ¥2.19bn | ¥2.12bn | ¥1.97bn | ¥1.87bn | ¥2.07bn | ¥2.29bn | ¥1.97bn |
| Debt | ¥2.21bn | ¥1.50bn | ¥1.87bn | ¥1.09bn | ¥1.62bn | ¥675.2m | ¥667.6m | ¥673.5m |
| Shareholders' equity | ¥1.90bn | ¥1.81bn | ¥1.86bn | ¥2.20bn | ¥2.34bn | ¥2.37bn | ¥2.39bn | ¥2.36bn |
Financial ratios
Data as of 26 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.5% | 21.0% | 24.1% | 24.0% | 24.8% | 30.4% |
| Operating margin | -2.8% | 1.7% | 6.9% | 5.5% | 3.8% | 5.1% |
| Net margin | -4.7% | 0.5% | 4.6% | 2.9% | 2.3% | 3.2% |
| Return on equity | -25.0% | 1.9% | 15.7% | 9.9% | 5.7% | 8.2% |
| Return on assets | -8.2% | 0.8% | 8.4% | 5.0% | 3.9% | 6.0% |
| Free cash flow yield | 1.0% | 4.5% | 6.7% | 12.8% | 8.8% | 4.7% |
| Revenue growth | 10.5% | 6.9% | 15.1% | 52.7% | 23.3% | 8.7% |
| Earnings growth | -1112.3% | -88.1% | 83.8% | 92.5% | -13.1% | 88.7% |
| Current ratio | 1.56x | 2.03x | 1.95x | 2.08x | 2.43x | 3.14x |
| Debt to equity | 1.01x | 0.74x | 0.32x | 0.29x | 0.16x | 0.03x |
| Equity ratio | 32.6% | 41.6% | 53.8% | 50.5% | 68.3% | 73.7% |
| Interest coverage | -13.52x | 13.08x | 119.99x | 125.14x | 625.79x | 471.79x |
| R&D as a share of sales | 0.2% | 1.3% | 1.3% | 1.6% | 1.2% | 3.3% |
| Buybacks as a share of market value | -1.9% | 2.1% | 4.1% | 0.2% | -10.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | 20.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.1% | 20.8% | 22.1% | — |
| Operating margin | -0.7% | 2.7% | 3.2% | — |
| Net margin | -2.2% | 0.5% | 0.9% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -7.7 | 57.2 | 8.4 | 21.3 | 47.9 | 18.3 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.6 | 1.1 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 36.00 | 14.00 | 11.00 | 10.00 |
- 3-for-1 split · 29 Sept 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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