T 
3,190
+5.80%
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
¥4.83bn
FY2019FY2025
Net income
¥174.5m
FY2019FY2025
Free cash flow
¥543.9m
FY2019FY2025
Shareholders' equity
¥540.9m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥4.83bn | ¥4.33bn | ¥3.81bn | ¥4.28bn | ¥3.48bn | ¥2.32bn | ¥1.45bn |
| Gross profit | ¥2.23bn | ¥1.83bn | ¥1.51bn | ¥1.67bn | ¥1.29bn | ¥825.8m | ¥473.8m |
| Operating income | ¥197.2m | −¥68.0m | −¥544.0m | −¥469.4m | −¥118.2m | −¥62.7m | −¥210.3m |
| Net income | ¥174.5m | −¥69.0m | −¥764.0m | −¥488.5m | −¥109.2m | −¥65.7m | −¥244.0m |
| Diluted earnings per share | 82.63 | -33.16 | -368.44 | -235.55 | -54.02 | -30.90 | -114.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥3.35bn | ¥2.67bn | ¥2.37bn | ¥3.00bn | ¥3.22bn | ¥1.72bn | ¥685.3m |
| Cash and short-term investments | ¥2.04bn | ¥1.60bn | ¥1.52bn | ¥1.84bn | ¥2.04bn | ¥599.2m | ¥130.7m |
| Total liabilities | ¥2.81bn | ¥2.32bn | ¥1.94bn | ¥1.82bn | ¥1.53bn | ¥1.24bn | ¥841.4m |
| Debt | — | ¥4.5m | ¥25.9m | ¥55.3m | ¥106.7m | ¥131.7m | ¥227.3m |
| Shareholders' equity | ¥540.9m | ¥354.4m | ¥423.5m | ¥1.19bn | ¥1.70bn | ¥480.8m | −¥156.1m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥550.0m | ¥225.4m | −¥267.4m | ¥188.7m | ¥275.4m | ¥24.3m | −¥163.5m |
| Capital spending | −¥6.1m | −¥121.8m | −¥22.0m | −¥220.3m | −¥127.8m | −¥145.6m | −¥9.2m |
| Free cash flow | ¥543.9m | ¥103.6m | −¥289.4m | −¥31.7m | ¥147.5m | −¥121.4m | −¥172.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.42bn | ¥1.41bn | ¥1.40bn | ¥1.23bn | ¥1.12bn | ¥1.08bn | ¥1.23bn | ¥1.11bn |
| Gross profit | ¥738.9m | ¥699.4m | ¥648.8m | ¥595.5m | ¥508.5m | ¥476.7m | ¥560.0m | ¥455.0m |
| Operating income | ¥157.7m | ¥150.3m | ¥74.0m | ¥99.1m | ¥21.2m | ¥2.8m | ¥83.0m | −¥1.5m |
| Net income | ¥136.5m | ¥132.9m | ¥63.8m | ¥84.8m | ¥21.8m | ¥4.1m | ¥81.0m | ¥262,000 |
| Diluted earnings per share | 64.22 | 62.54 | 30.20 | 40.16 | 10.34 | 1.93 | 38.93 | 0.13 |
| Total assets | ¥4.03bn | ¥3.74bn | ¥3.35bn | ¥2.87bn | ¥2.59bn | ¥2.48bn | ¥2.67bn | ¥2.36bn |
| Cash and short-term investments | ¥2.69bn | ¥2.37bn | ¥2.04bn | ¥1.82bn | ¥1.54bn | ¥1.44bn | ¥1.60bn | ¥1.37bn |
| Debt | — | — | — | — | — | — | ¥4.5m | — |
| Shareholders' equity | ¥837.0m | ¥674.0m | ¥540.9m | ¥477.1m | ¥392.2m | ¥358.7m | ¥354.4m | ¥273.0m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 46.1% | 42.3% | 39.6% | 39.0% | 37.0% | 35.6% | — |
| Operating margin | 4.1% | -1.5% | -14.6% | -11.0% | -3.4% | -2.7% | — |
| Net margin | 3.6% | -1.6% | -20.1% | -11.4% | -3.1% | -2.8% | — |
| Return on equity | 32.3% | -19.5% | -180.4% | -41.1% | -6.4% | -13.7% | — |
| Return on assets | 5.2% | -2.6% | -32.3% | -16.3% | -3.4% | -3.8% | — |
| Free cash flow yield | 8.0% | 3.3% | -4.0% | 2.8% | 4.2% | — | — |
| Revenue growth | 11.5% | 13.8% | -11.1% | 22.9% | 50.1% | 60.2% | — |
| Earnings growth | -352.9% | -91.0% | 56.4% | 347.3% | 66.3% | -73.1% | — |
| Current ratio | 1.07x | 1.00x | 1.08x | 1.53x | 1.98x | 1.34x | — |
| Debt to equity | — | 0.01x | 0.05x | 0.04x | 0.06x | 0.27x | -1.46x |
| Equity ratio | 16.1% | 13.3% | 17.9% | 39.6% | 52.6% | 28.0% | — |
| Interest coverage | 6359.87x | -305.80x | -826.30x | -408.19x | -81.49x | -28.09x | — |
| Buybacks as a share of market value | -1.5% | -0.3% | 0.0% | -2.6% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.1% | 15.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.3% | 42.0% | 40.6% | — |
| Operating margin | 1.4% | -5.1% | -4.6% | — |
| Net margin | 1.2% | -6.6% | -5.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 29.1 | -19.0 | -1.3 | -4.2 | -103.8 |
| Price to sales | 1.1 | 0.3 | 0.3 | 0.5 | 3.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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