N 
937
+6.48%
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
¥4.40bn
FY2016FY2025
Net income
¥194.1m
FY2016FY2025
Free cash flow
¥119.8m
FY2016FY2025
Shareholders' equity
¥4.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.40bn | ¥4.39bn | ¥4.52bn | ¥4.47bn | ¥4.07bn | ¥3.58bn | ¥4.32bn | ¥4.52bn | ¥4.43bn | ¥3.95bn |
| Gross profit | ¥1.89bn | ¥1.95bn | ¥2.06bn | ¥1.91bn | ¥1.76bn | ¥1.52bn | ¥1.97bn | ¥2.08bn | ¥2.05bn | ¥1.80bn |
| Research and development | ¥176.7m | ¥191.1m | ¥184.7m | ¥213.0m | ¥185.0m | ¥168.0m | ¥212.7m | ¥220.0m | ¥214.0m | ¥189.0m |
| Operating income | ¥213.4m | ¥216.6m | ¥333.2m | ¥201.4m | ¥188.2m | ¥2,000 | ¥260.9m | ¥365.0m | ¥348.0m | ¥107.8m |
| Net income | ¥194.1m | ¥182.2m | ¥156.8m | ¥214.8m | ¥197.4m | −¥26.4m | ¥219.8m | ¥301.4m | ¥292.2m | ¥102.4m |
| Diluted earnings per share | 83.56 | 78.44 | 67.54 | 92.52 | 85.00 | -11.38 | 94.64 | 140.72 | 126.48 | 44.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.12bn | ¥6.05bn | ¥5.94bn | ¥6.05bn | ¥5.83bn | ¥5.21bn | ¥5.41bn | ¥5.39bn | ¥5.29bn | ¥4.79bn |
| Cash and short-term investments | ¥2.11bn | ¥2.05bn | ¥1.82bn | ¥1.84bn | ¥1.86bn | ¥1.53bn | ¥1.50bn | ¥1.55bn | ¥1.43bn | ¥1.28bn |
| Total liabilities | ¥1.65bn | ¥1.77bn | ¥1.78bn | ¥2.04bn | ¥2.13bn | ¥1.72bn | ¥1.84bn | ¥1.96bn | ¥2.10bn | ¥1.90bn |
| Debt | ¥201.6m | ¥253.9m | ¥226.5m | ¥468.2m | ¥457.1m | ¥387.7m | ¥352.1m | ¥448.7m | ¥576.0m | ¥549.2m |
| Shareholders' equity | ¥4.47bn | ¥4.28bn | ¥4.16bn | ¥4.02bn | ¥3.70bn | ¥3.49bn | ¥3.57bn | ¥3.43bn | ¥3.19bn | ¥2.89bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥291.2m | ¥374.1m | ¥348.2m | ¥126.8m | ¥280.3m | ¥227.9m | ¥309.0m | ¥381.0m | ¥218.0m | ¥114.5m |
| Capital spending | −¥171.4m | −¥133.1m | −¥92.4m | −¥182.6m | −¥142.0m | −¥149.7m | −¥82.0m | −¥79.0m | −¥85.0m | −¥123.7m |
| Free cash flow | ¥119.8m | ¥241.0m | ¥255.9m | −¥55.9m | ¥138.3m | ¥78.2m | ¥227.0m | ¥302.0m | ¥133.0m | −¥9.2m |
| Dividends paid | −¥46.5m | −¥46.5m | −¥46.5m | −¥34.8m | −¥11.6m | −¥46.5m | −¥51.1m | −¥55.0m | −¥32.0m | −¥50.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.24bn | ¥1.19bn | ¥1.08bn | ¥1.14bn | ¥1.04bn | ¥1.11bn | ¥1.11bn | ¥1.07bn |
| Gross profit | ¥593.8m | ¥535.7m | ¥491.7m | ¥464.7m | ¥452.2m | ¥494.2m | ¥480.0m | ¥464.0m |
| Operating income | ¥176.7m | ¥97.5m | ¥83.3m | ¥41.1m | ¥44.5m | ¥75.8m | ¥52.0m | ¥43.2m |
| Net income | ¥155.5m | ¥110.9m | ¥85.0m | ¥49.6m | ¥23.9m | ¥60.8m | ¥59.0m | ¥50.0m |
| Diluted earnings per share | 66.95 | 47.73 | 36.61 | 21.34 | 10.29 | 26.17 | 25.40 | 21.53 |
| Cash from operations | — | — | — | ¥291.0m | — | — | — | — |
| Capital spending | — | — | — | −¥171.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥120.0m | — | — | — | — |
| Total assets | ¥6.34bn | ¥6.09bn | ¥6.07bn | ¥6.12bn | ¥5.89bn | ¥5.91bn | ¥5.87bn | ¥6.05bn |
| Cash and short-term investments | ¥2.34bn | ¥2.36bn | ¥2.17bn | ¥2.11bn | ¥1.96bn | ¥1.98bn | ¥1.92bn | ¥2.05bn |
| Debt | ¥77.8m | ¥125.0m | ¥105.6m | ¥193.5m | ¥122.2m | ¥255.6m | ¥113.9m | ¥139.1m |
| Shareholders' equity | ¥4.88bn | ¥4.70bn | ¥4.57bn | ¥4.47bn | ¥4.39bn | ¥4.39bn | ¥4.38bn | ¥4.28bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 43.0% | 44.4% | 45.7% | 42.8% | 43.4% | 42.4% |
| Operating margin | 5.7% | 5.9% | 3.8% | 5.8% | 5.7% | -0.5% |
| Net margin | 4.4% | 4.2% | 3.5% | 4.8% | 4.9% | -0.7% |
| Return on equity | 4.3% | 4.3% | 3.8% | 5.3% | 5.3% | -0.8% |
| Return on assets | 3.2% | 3.0% | 2.6% | 3.5% | 3.4% | -0.5% |
| Free cash flow yield | 20.2% | 22.1% | 19.2% | 13.5% | 18.4% | 16.5% |
| Revenue growth | 0.4% | -2.9% | 1.2% | 9.7% | 13.6% | -17.1% |
| Earnings growth | 6.5% | 16.2% | -27.0% | 8.8% | -846.7% | -112.0% |
| Current ratio | 4.21x | 3.66x | 3.34x | 3.07x | 2.95x | 3.32x |
| Debt to equity | 0.04x | 0.06x | 0.05x | 0.12x | 0.12x | 0.11x |
| Equity ratio | 73.1% | 70.7% | 70.0% | 66.4% | 63.5% | 67.0% |
| Interest coverage | 166.64x | 230.73x | 106.63x | 141.61x | 155.45x | -11.34x |
| R&D as a share of sales | 4.0% | 4.4% | 4.1% | 4.8% | 4.5% | 4.7% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 4.2% | 0.0% |
| Operating income | 1.9% | 913.0% | -5.6% |
| Net income | -3.3% | — | -6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.7% | 44.0% | 43.7% | 44.8% |
| Operating margin | 4.9% | 5.4% | 4.5% | 5.6% |
| Net margin | 4.3% | 4.2% | 3.6% | 4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.6 | 9.1 | 12.1 | 8.5 | 9.0 | -76.7 | 9.5 | 5.0 | 8.8 | 17.5 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.5 | 0.3 | 0.6 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 20.00 | 20.00 | 20.00 | 18.00 | 15.00 | 5.00 | 20.00 | 22.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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