S
943
+5.48%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥4.46bn
FY2018FY2025
Net income
¥24.0m
FY2018FY2025
Free cash flow
¥114.6m
FY2018FY2025
Shareholders' equity
¥1.61bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.46bn | ¥5.17bn | ¥5.06bn | ¥5.19bn | ¥4.48bn | ¥3.78bn | ¥2.72bn | ¥676.4m |
| Operating income | ¥100.4m | ¥239.1m | ¥125.1m | ¥168.8m | ¥380.1m | ¥274.0m | ¥146.4m | ¥58.3m |
| Net income | ¥24.0m | ¥137.0m | ¥34.0m | ¥96.5m | ¥243.2m | ¥176.7m | ¥74.0m | ¥61.8m |
| Diluted earnings per share | 6.10 | 34.19 | 8.63 | 24.20 | 58.72 | 46.58 | 18.95 | 15.84 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.33bn | ¥2.45bn | ¥2.32bn | ¥2.03bn | ¥2.10bn | ¥1.58bn | ¥1.42bn | ¥580.5m |
| Cash and short-term investments | ¥1.18bn | ¥1.09bn | ¥822.8m | ¥752.5m | ¥952.8m | ¥462.8m | ¥319.6m | ¥123.3m |
| Total liabilities | ¥720.4m | ¥866.4m | ¥870.0m | ¥615.0m | ¥604.8m | ¥532.4m | ¥553.9m | ¥192.6m |
| Debt | ¥258.2m | ¥239.8m | ¥238.1m | — | — | — | — | — |
| Shareholders' equity | ¥1.61bn | ¥1.59bn | ¥1.45bn | ¥1.41bn | ¥1.50bn | ¥1.04bn | ¥866.4m | ¥387.9m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥114.9m | ¥267.6m | ¥64.2m | ¥96.6m | ¥313.7m | ¥137.6m | ¥187.0m | ¥215.8m |
| Capital spending | −¥312,000 | −¥5.3m | −¥2.5m | −¥14.0m | −¥1.2m | −¥1.2m | −¥3.3m | — |
| Free cash flow | ¥114.6m | ¥262.3m | ¥61.7m | ¥82.6m | ¥312.5m | ¥136.4m | ¥183.7m | ¥215.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥912.8m | ¥1.04bn | ¥1.07bn | ¥1.07bn | ¥1.09bn | ¥1.22bn | ¥1.32bn | ¥1.30bn |
| Operating income | ¥37.4m | ¥45.3m | ¥41.2m | ¥32.2m | ¥15.8m | ¥11.1m | ¥71.0m | ¥64.0m |
| Net income | ¥17.1m | ¥24.2m | ¥15.8m | ¥13.6m | −¥1.9m | −¥3.6m | ¥36.0m | ¥37.0m |
| Diluted earnings per share | 4.39 | 6.19 | 4.03 | 3.46 | -0.48 | -0.91 | 8.98 | 9.23 |
| Total assets | ¥2.35bn | ¥2.34bn | ¥2.33bn | ¥2.29bn | ¥2.29bn | ¥2.31bn | ¥2.45bn | ¥2.37bn |
| Cash and short-term investments | ¥1.38bn | ¥1.28bn | ¥1.18bn | ¥1.12bn | ¥1.08bn | ¥1.04bn | ¥1.09bn | ¥988.0m |
| Debt | ¥230.4m | ¥55.8m | ¥258.2m | ¥55.8m | ¥196.9m | ¥60.8m | ¥73.3m | ¥85.8m |
| Shareholders' equity | ¥1.65bn | ¥1.63bn | ¥1.61bn | ¥1.59bn | ¥1.58bn | ¥1.58bn | ¥1.59bn | ¥1.55bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.3% | 4.6% | 1.9% | 3.3% | 8.6% | 7.2% |
| Net margin | 0.5% | 2.7% | 0.7% | 1.9% | 5.4% | 4.7% |
| Return on equity | 1.5% | 8.6% | 2.3% | 6.8% | 16.2% | 16.9% |
| Return on assets | 1.0% | 5.6% | 1.5% | 4.8% | 11.6% | 11.2% |
| Free cash flow yield | 3.1% | 7.2% | 1.8% | 2.9% | 8.0% | 3.9% |
| Revenue growth | -13.8% | 2.2% | -2.5% | 15.9% | 18.4% | 38.8% |
| Earnings growth | -82.5% | 302.8% | -64.8% | -60.3% | 37.6% | 138.9% |
| Current ratio | 3.43x | 2.60x | 2.35x | 2.44x | 2.63x | 1.91x |
| Debt to equity | 0.16x | 0.15x | 0.16x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 69.1% | 64.7% | 62.5% | 69.7% | 71.2% | 66.2% |
| Interest coverage | 31.27x | 81.09x | 96.16x | 1937.98x | 384911.00x | 3652.49x |
| Buybacks as a share of market value | 1.9% | -1.7% | 1.2% | 3.7% | -9.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.9% | 3.3% | — |
| Operating income | -15.9% | -18.2% | — |
| Net income | -37.1% | -32.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.5% | 3.2% | 4.6% | — |
| Net margin | 1.7% | 1.5% | 2.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 101.8 | 20.8 | 87.2 | 43.0 | 40.8 |
| Price to sales | 0.6 | 0.6 | 0.6 | 0.8 | 2.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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