N 
1,203
+0.33%
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
¥2.31bn
FY2019FY2025
Net income
¥26.6m
FY2019FY2025
Free cash flow
¥49.0m
FY2019FY2025
Shareholders' equity
¥790.5m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥2.31bn | ¥2.10bn | ¥2.28bn | ¥2.25bn | ¥1.83bn | ¥1.43bn | ¥1.13bn |
| Gross profit | ¥1.06bn | ¥936.0m | ¥1.05bn | ¥1.01bn | ¥902.7m | ¥691.2m | ¥500.9m |
| Operating income | ¥10.8m | ¥15.5m | ¥311.6m | ¥280.4m | ¥303.5m | ¥173.6m | ¥20.4m |
| Net income | ¥26.6m | ¥147.4m | ¥198.4m | −¥280.7m | ¥206.0m | ¥116.7m | ¥8.0m |
| Diluted earnings per share | 10.74 | 59.53 | 78.92 | -110.25 | 79.39 | 47.65 | 3.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥1.81bn | ¥1.70bn | ¥1.38bn | ¥1.36bn | ¥1.50bn | ¥982.1m | ¥830.9m |
| Cash and short-term investments | ¥1.02bn | ¥714.2m | ¥498.3m | ¥709.2m | ¥925.6m | ¥476.5m | ¥324.8m |
| Total liabilities | ¥1.02bn | ¥889.2m | ¥724.9m | ¥837.4m | ¥703.5m | ¥770.2m | ¥674.5m |
| Debt | ¥630.6m | ¥518.0m | ¥333.7m | ¥469.5m | ¥282.2m | ¥473.3m | ¥331.5m |
| Shareholders' equity | ¥790.5m | ¥810.3m | ¥652.7m | ¥522.3m | ¥797.0m | ¥211.9m | ¥156.4m |
| Shares outstanding | 2m | 2m | 3m | 3m | 3m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥49.2m | −¥35.8m | ¥257.3m | ¥140.4m | ¥279.0m | ¥233.2m | ¥11.2m |
| Capital spending | −¥204,000 | −¥558,000 | −¥11.5m | −¥12.2m | −¥5.1m | −¥3.7m | −¥5.6m |
| Free cash flow | ¥49.0m | −¥36.4m | ¥245.8m | ¥128.2m | ¥273.9m | ¥229.5m | ¥5.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥558.1m | ¥807.7m | ¥577.5m | ¥589.2m | ¥419.5m | ¥753.1m | ¥544.7m | ¥492.6m |
| Gross profit | ¥219.9m | ¥374.2m | ¥273.4m | ¥271.6m | ¥174.2m | ¥361.4m | ¥255.0m | ¥219.6m |
| Operating income | −¥107.7m | ¥116.8m | ¥3.7m | ¥4.1m | −¥100.2m | ¥107.3m | −¥288,000 | −¥31.7m |
| Net income | −¥117.2m | ¥115.9m | ¥1.3m | −¥70.6m | −¥85.5m | ¥199.9m | −¥17.1m | −¥23.0m |
| Diluted earnings per share | -47.27 | 46.76 | 0.51 | -28.48 | -34.49 | 80.58 | -6.89 | -9.29 |
| Cash from operations | — | — | — | ¥49.0m | — | — | — | — |
| Total assets | ¥1.84bn | ¥1.99bn | ¥1.75bn | ¥1.81bn | ¥1.93bn | ¥1.92bn | ¥1.65bn | ¥1.70bn |
| Cash and short-term investments | ¥997.5m | ¥1.07bn | ¥947.0m | ¥1.02bn | ¥910.9m | ¥759.4m | ¥656.7m | ¥714.2m |
| Debt | ¥209.7m | ¥633.5m | ¥183.2m | ¥629.3m | ¥181.5m | ¥503.4m | ¥123.2m | ¥123.3m |
| Shareholders' equity | ¥813.3m | ¥922.6m | ¥792.9m | ¥790.5m | ¥899.8m | ¥1.01bn | ¥793.2m | ¥810.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.1% | 44.6% | 46.2% | 44.8% | 49.3% | 48.4% |
| Operating margin | 0.6% | 8.8% | 13.9% | -7.6% | 15.9% | 12.2% |
| Net margin | 1.2% | 7.0% | 8.7% | -12.5% | 11.3% | 8.2% |
| Return on equity | 3.4% | 18.2% | 30.4% | -53.7% | 25.8% | 55.1% |
| Return on assets | 1.5% | 8.7% | 14.4% | -20.6% | 13.7% | 11.9% |
| Free cash flow yield | 1.5% | -1.1% | 7.7% | 4.2% | 8.1% | 7.2% |
| Revenue growth | 9.9% | -7.8% | 1.1% | 23.1% | 28.1% | 26.1% |
| Earnings growth | -81.9% | -25.7% | -170.7% | -236.2% | 76.6% | 1353.2% |
| Current ratio | 2.56x | 2.33x | 1.87x | 1.51x | 2.35x | 1.64x |
| Debt to equity | 0.80x | 0.64x | 0.51x | 0.90x | 0.35x | 2.22x |
| Equity ratio | 43.7% | 47.7% | 47.4% | 38.4% | 53.1% | 21.6% |
| Interest coverage | 2.49x | 53.31x | 128.82x | -91.11x | 159.45x | 65.41x |
| Buybacks as a share of market value | -0.1% | 1.5% | 1.3% | 1.9% | -6.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 10.1% | — |
| Operating income | -66.2% | -42.6% | — |
| Net income | — | -25.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.4% | 45.4% | 46.4% | — |
| Operating margin | 0.6% | 6.9% | 9.0% | — |
| Net margin | 4.0% | 1.0% | 3.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 108.6 | 17.4 | 13.4 | -10.4 | 24.1 |
| Price to sales | 1.3 | 1.2 | 1.2 | 1.3 | 2.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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