G 
307
+4.07%
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
¥1.02bn
FY2019FY2026
Net income
−¥72.3m
FY2019FY2026
Free cash flow
−¥325.1m
FY2019FY2026
Shareholders' equity
¥96.9m
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.02bn | ¥691.6m | ¥610.8m | ¥647.2m | ¥495.1m | ¥872.9m | ¥531.3m | ¥505.3m |
| Research and development | — | ¥51.0m | ¥52.7m | ¥152.8m | ¥132.0m | ¥86.0m | ¥71.7m | ¥60.5m |
| Operating income | −¥70.2m | −¥174.2m | −¥148.2m | −¥293.0m | −¥401.3m | ¥202.9m | −¥178.4m | −¥104.7m |
| Net income | −¥72.3m | −¥218.6m | −¥149.9m | −¥296.4m | −¥421.7m | ¥181.9m | −¥184.4m | −¥110.1m |
| Diluted earnings per share | -13.30 | -40.28 | -28.38 | -70.35 | -100.62 | 43.55 | -33.94 | -20.26 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥435.2m | ¥529.3m | ¥424.4m | ¥558.2m | ¥800.1m | ¥1.23bn | ¥242.9m | ¥187.9m |
| Cash and short-term investments | ¥182.8m | ¥418.3m | ¥322.3m | ¥415.3m | ¥520.2m | ¥982.4m | ¥139.3m | ¥26.2m |
| Total liabilities | ¥338.3m | ¥360.6m | ¥420.4m | ¥404.7m | ¥359.4m | ¥485.4m | ¥339.3m | ¥426.9m |
| Debt | ¥103.0m | ¥135.2m | ¥174.8m | ¥211.4m | ¥247.9m | ¥279.4m | ¥228.5m | ¥322.7m |
| Shareholders' equity | ¥96.9m | ¥168.7m | ¥4.0m | ¥153.5m | ¥440.7m | ¥746.9m | −¥97.0m | −¥239.7m |
| Shares outstanding | 5m | 5m | 5m | 4m | 4m | 4m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥162.6m | −¥234.0m | −¥58.0m | −¥54.3m | −¥460.6m | ¥151.3m | −¥119.6m | −¥137.1m |
| Capital spending | −¥162.6m | — | −¥1.6m | −¥11.9m | −¥24.5m | −¥7.3m | −¥219,000 | −¥230,000 |
| Free cash flow | −¥325.1m | −¥234.0m | −¥59.6m | −¥66.2m | −¥485.1m | ¥144.0m | −¥119.8m | −¥137.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥213.9m | ¥379.5m | ¥284.8m | ¥195.3m | ¥156.1m | ¥221.9m | ¥215.2m | ¥138.0m |
| Operating income | −¥14.8m | ¥18.1m | −¥16.9m | −¥11.2m | −¥60.2m | −¥39.9m | −¥34.7m | −¥38.2m |
| Net income | ¥374,000 | ¥17.7m | −¥17.6m | −¥11.5m | −¥60.9m | −¥40.7m | −¥33.6m | −¥82.6m |
| Diluted earnings per share | 0.07 | 3.26 | -3.24 | -2.12 | -11.22 | -7.50 | -6.36 | -15.64 |
| Cash from operations | — | — | — | −¥130.0m | — | −¥111.0m | — | −¥122.0m |
| Total assets | ¥317.0m | ¥435.2m | ¥384.8m | ¥405.0m | ¥422.9m | ¥529.3m | ¥523.0m | ¥483.7m |
| Cash and short-term investments | ¥125.9m | ¥182.8m | ¥238.1m | ¥261.1m | ¥299.4m | ¥418.3m | ¥421.3m | ¥397.2m |
| Debt | ¥27.9m | ¥103.0m | ¥29.9m | ¥118.0m | ¥31.1m | ¥135.2m | ¥33.2m | ¥152.3m |
| Shareholders' equity | ¥77.0m | ¥96.9m | ¥79.2m | ¥96.3m | ¥107.8m | ¥168.7m | ¥159.5m | ¥93.2m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.9% | -31.0% | -23.8% | -45.3% | -81.0% | 21.7% | — |
| Net margin | -7.1% | -31.6% | -24.5% | -45.8% | -85.2% | 20.8% | — |
| Return on equity | -74.6% | -129.6% | -3713.2% | -193.1% | -95.7% | 24.4% | — |
| Return on assets | -16.6% | -41.3% | -35.3% | -53.1% | -52.7% | 14.8% | — |
| Free cash flow yield | -9.1% | -13.2% | -3.4% | -3.9% | -33.6% | 11.1% | — |
| Revenue growth | 46.8% | 13.2% | -5.6% | 30.7% | -43.3% | 64.3% | — |
| Earnings growth | -66.9% | 45.8% | -49.4% | -29.7% | -331.8% | -198.6% | — |
| Current ratio | 1.48x | 2.04x | 1.47x | 2.37x | 5.00x | 4.55x | — |
| Debt to equity | 1.06x | 0.80x | 43.32x | 1.38x | 0.56x | 0.37x | — |
| Equity ratio | 22.3% | 31.9% | 1.0% | 27.5% | 55.1% | 60.6% | — |
| Interest coverage | -30.51x | -71.58x | -44.58x | -123.17x | -166.85x | 44.56x | — |
| R&D as a share of sales | — | 7.4% | 8.6% | 23.6% | 26.7% | 9.9% | 13.5% |
| Buybacks as a share of market value | -0.1% | -2.8% | -25.4% | -0.5% | -0.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.2% | 3.1% | — |
| Operating income | -37.9% | — | — |
| Net income | -37.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.3% | -23.1% | -20.4% | — |
| Net margin | -17.0% | -24.9% | -22.5% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -22.5 | -8.3 | -11.4 | -4.3 | -3.1 | 12.8 |
| Price to sales | 1.6 | 2.6 | 2.8 | 2.0 | 2.7 | 2.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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