C 
2,332
+10.99%
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
¥7.02bn
FY2019FY2026
Net income
¥72.7m
FY2019FY2026
Free cash flow
−¥588.2m
FY2019FY2026
Shareholders' equity
¥5.43bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.02bn | ¥6.50bn | ¥5.06bn | ¥5.54bn | ¥6.52bn | ¥6.33bn | ¥3.36bn | ¥2.45bn |
| Gross profit | ¥2.97bn | ¥2.39bn | ¥1.84bn | ¥2.14bn | ¥3.31bn | ¥3.26bn | ¥1.38bn | ¥1.20bn |
| Research and development | — | ¥783.7m | ¥807.0m | ¥534.0m | ¥482.0m | ¥208.0m | ¥361.9m | ¥255.5m |
| Operating income | −¥144.1m | −¥516.5m | −¥813.7m | −¥207.3m | ¥1.50bn | ¥2.07bn | ¥274.8m | ¥384.2m |
| Net income | ¥72.7m | −¥546.3m | −¥830.7m | −¥320.8m | ¥964.1m | ¥1.40bn | ¥194.5m | ¥250.6m |
| Diluted earnings per share | 13.21 | -99.28 | -150.97 | -58.29 | 175.20 | 255.21 | 35.35 | 45.54 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.83bn | ¥6.28bn | ¥6.53bn | ¥7.24bn | ¥7.76bn | ¥3.52bn | ¥1.09bn | ¥904.4m |
| Cash and short-term investments | ¥2.00bn | ¥3.36bn | ¥5.09bn | ¥6.10bn | ¥6.90bn | ¥2.58bn | ¥453.6m | ¥549.6m |
| Total liabilities | ¥1.41bn | ¥1.03bn | ¥762.4m | ¥646.0m | ¥843.6m | ¥1.38bn | ¥353.6m | ¥359.6m |
| Debt | ¥254.2m | ¥96.7m | ¥14.9m | ¥187.9m | ¥3.0m | ¥9.0m | ¥15.0m | ¥21.0m |
| Shareholders' equity | ¥5.43bn | ¥5.25bn | ¥5.77bn | ¥6.60bn | ¥6.92bn | ¥2.14bn | ¥739.3m | ¥544.8m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥469.3m | −¥413.2m | −¥517.6m | −¥683.4m | ¥565.7m | ¥2.14bn | −¥14.9m | ¥315.8m |
| Capital spending | −¥118.8m | −¥14.1m | −¥32.6m | −¥42.1m | −¥15.1m | −¥2.4m | −¥6.4m | −¥4.8m |
| Free cash flow | −¥588.2m | −¥427.4m | −¥550.2m | −¥725.5m | ¥550.5m | ¥2.13bn | −¥21.3m | ¥311.0m |
| Dividends paid | — | — | — | — | −¥3.79bn | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.11bn | ¥1.27bn | ¥2.12bn | ¥1.52bn | ¥2.13bn | ¥1.25bn | ¥2.20bn | ¥1.57bn |
| Gross profit | ¥867.8m | ¥231.8m | ¥1.00bn | ¥547.4m | ¥935.0m | ¥481.9m | ¥823.6m | ¥615.0m |
| Operating income | −¥200.8m | −¥650.1m | ¥155.5m | −¥204.0m | ¥135.3m | −¥230.9m | ¥80.4m | ¥73.2m |
| Net income | −¥200.3m | −¥642.9m | ¥220.8m | −¥157.9m | ¥135.0m | −¥125.1m | ¥79.9m | ¥61.2m |
| Diluted earnings per share | -36.41 | -116.84 | 40.12 | -28.70 | 24.53 | -22.74 | 14.51 | 11.11 |
| Total assets | ¥6.05bn | ¥6.06bn | ¥6.83bn | ¥6.69bn | ¥6.61bn | ¥6.57bn | ¥6.28bn | ¥6.10bn |
| Cash and short-term investments | ¥1.95bn | ¥2.34bn | ¥2.00bn | ¥2.90bn | ¥2.88bn | ¥2.96bn | ¥3.36bn | ¥3.60bn |
| Debt | ¥249.2m | ¥172.5m | ¥254.2m | ¥260.0m | ¥409.2m | ¥200.0m | ¥80.0m | ¥100.0m |
| Shareholders' equity | ¥4.63bn | ¥4.81bn | ¥5.43bn | ¥5.25bn | ¥5.31bn | ¥5.04bn | ¥5.25bn | ¥5.16bn |
Financial ratios
Data as of 5 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 42.3% | 36.8% | 36.3% | 38.6% | 50.7% | 51.5% | — |
| Operating margin | -2.1% | -7.9% | -16.1% | -3.7% | 23.0% | 32.7% | — |
| Net margin | 1.0% | -8.4% | -16.4% | -5.8% | 14.8% | 22.2% | — |
| Return on equity | 1.3% | -10.4% | -14.4% | -4.9% | 13.9% | 65.5% | — |
| Return on assets | 1.1% | -8.7% | -12.7% | -4.4% | 12.4% | 39.9% | — |
| Free cash flow yield | -2.2% | -2.5% | -3.1% | -4.1% | 3.7% | 13.6% | — |
| Revenue growth | 8.0% | 28.4% | -8.5% | -15.1% | 3.0% | 88.5% | — |
| Earnings growth | -113.3% | -34.2% | 159.0% | -133.3% | -31.4% | 622.3% | — |
| Current ratio | 3.11x | 4.08x | 7.64x | 10.90x | 8.97x | 2.39x | — |
| Debt to equity | 0.05x | 0.02x | 0.00x | 0.03x | 0.00x | 0.00x | — |
| Equity ratio | 79.4% | 83.6% | 88.3% | 91.1% | 89.1% | 60.9% | — |
| Interest coverage | -28.39x | -890.47x | — | -17276.50x | 11439.69x | 8156.68x | 722.93x |
| R&D as a share of sales | — | 12.1% | 15.9% | 9.6% | 7.4% | 3.3% | 10.8% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.2% | 2.1% | — |
| Operating income | -11.4% | — | — |
| Net income | — | -44.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.7% | 38.7% | 43.0% | — |
| Operating margin | -4.9% | -7.0% | 5.1% | — |
| Net margin | -3.5% | -6.7% | 2.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 197.9 | -18.9 | -9.1 | -15.1 | 6.3 | 9.6 |
| Price to sales | 2.0 | 1.6 | 1.5 | 0.9 | 0.9 | 2.1 |
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.