C 
1,163
-1.86%
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
¥2.54bn
FY2020FY2026
Net income
¥172.5m
FY2020FY2026
Free cash flow
¥531.7m
FY2020FY2026
Shareholders' equity
¥3.49bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥2.54bn | ¥2.24bn | ¥1.95bn | ¥1.30bn | ¥1.09bn | ¥799.3m | ¥535.0m |
| Gross profit | ¥1.95bn | ¥1.74bn | ¥1.46bn | ¥1.07bn | ¥902.9m | ¥664.0m | ¥420.4m |
| Research and development | — | ¥10.5m | ¥11.0m | ¥4.0m | — | — | — |
| Operating income | ¥278.9m | ¥237.1m | ¥161.7m | ¥360.0m | ¥298.4m | ¥188.3m | ¥66.5m |
| Net income | ¥172.5m | ¥112.2m | ¥38.3m | ¥233.2m | ¥182.8m | ¥133.8m | ¥46.6m |
| Diluted earnings per share | 27.69 | 18.00 | 6.03 | 32.85 | 30.64 | 21.49 | 7.48 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥4.88bn | ¥4.86bn | ¥4.94bn | ¥5.10bn | ¥3.17bn | ¥591.4m | ¥308.3m |
| Cash and short-term investments | ¥2.21bn | ¥2.07bn | ¥2.01bn | ¥1.95bn | ¥3.01bn | ¥479.2m | −¥18.9m |
| Total liabilities | ¥1.39bn | ¥1.55bn | ¥1.75bn | ¥1.94bn | ¥249.1m | ¥241.7m | ¥18.9m |
| Debt | ¥771.5m | ¥1.15bn | ¥1.37bn | ¥1.58bn | — | ¥49.7m | ¥18.9m |
| Shareholders' equity | ¥3.49bn | ¥3.32bn | ¥3.20bn | ¥3.16bn | ¥2.92bn | ¥349.7m | ¥215.9m |
| Shares outstanding | 6m | 6m | 6m | 7m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥542.4m | ¥417.5m | ¥353.3m | ¥226.0m | ¥237.8m | ¥242.9m | ¥54.3m |
| Capital spending | −¥10.7m | −¥147.5m | −¥5.2m | −¥6.4m | −¥14.9m | −¥7.9m | −¥13.8m |
| Free cash flow | ¥531.7m | ¥270.0m | ¥348.2m | ¥219.7m | ¥222.9m | ¥235.0m | ¥40.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥692.9m | ¥671.5m | ¥649.3m | ¥621.3m | ¥600.0m | ¥588.2m | ¥573.0m | ¥548.0m |
| Gross profit | ¥457.5m | ¥505.3m | ¥435.7m | ¥414.0m | ¥395.9m | ¥452.4m | ¥445.0m | ¥431.0m |
| Operating income | ¥79.0m | ¥61.6m | ¥112.3m | ¥101.2m | ¥56.1m | ¥52.9m | ¥48.0m | ¥74.0m |
| Net income | ¥44.2m | ¥17.8m | ¥68.3m | ¥61.1m | ¥25.2m | ¥53.8m | ¥3.0m | ¥30.0m |
| Diluted earnings per share | 7.10 | 2.86 | 10.96 | 9.80 | 4.05 | 8.63 | 0.47 | 4.72 |
| Cash from operations | — | — | — | ¥271.0m | — | — | — | ¥108.0m |
| Capital spending | — | — | — | −¥3.0m | — | — | — | −¥4.0m |
| Free cash flow | — | — | — | ¥268.0m | — | — | — | ¥104.0m |
| Total assets | ¥4.93bn | ¥4.88bn | ¥4.99bn | ¥4.95bn | ¥4.90bn | ¥4.86bn | ¥4.87bn | ¥4.91bn |
| Cash and short-term investments | ¥2.18bn | ¥2.21bn | ¥2.26bn | ¥2.23bn | ¥2.10bn | ¥2.07bn | ¥1.99bn | ¥2.10bn |
| Debt | ¥171.4m | ¥771.5m | ¥353.6m | ¥1.05bn | ¥371.4m | ¥1.15bn | ¥214.3m | ¥1.26bn |
| Shareholders' equity | ¥3.53bn | ¥3.49bn | ¥3.47bn | ¥3.40bn | ¥3.34bn | ¥3.32bn | ¥3.25bn | ¥3.25bn |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 76.8% | 77.8% | 75.0% | 82.2% | 82.9% | 83.1% |
| Operating margin | 11.0% | 9.5% | 8.3% | 27.5% | 25.4% | 23.6% |
| Net margin | 6.8% | 5.0% | 2.0% | 17.9% | 16.8% | 16.7% |
| Return on equity | 4.9% | 3.4% | 1.2% | 7.4% | 6.2% | 38.3% |
| Return on assets | 3.5% | 2.3% | 0.8% | 4.6% | 5.8% | 22.6% |
| Free cash flow yield | 7.2% | 5.5% | 4.6% | 2.6% | 3.3% | — |
| Revenue growth | 13.4% | 14.8% | 49.8% | 19.7% | 36.3% | 49.4% |
| Earnings growth | 53.7% | 193.1% | -83.6% | 27.6% | 36.6% | 187.2% |
| Current ratio | 3.47x | 2.99x | 4.03x | 4.10x | 12.58x | 2.53x |
| Debt to equity | 0.22x | 0.35x | 0.43x | 0.50x | 0.00x | 0.14x |
| Equity ratio | 71.5% | 68.2% | 64.7% | 62.0% | 92.2% | 59.1% |
| Interest coverage | 20.63x | 20.65x | 19.93x | 405.26x | 1310.61x | 754.04x |
| R&D as a share of sales | — | 0.5% | 0.6% | 0.3% | — | — |
| Buybacks as a share of market value | 0.1% | 1.8% | 10.5% | -19.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.8% | 25.9% | — |
| Operating income | -8.2% | 8.2% | — |
| Net income | -9.6% | 5.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.3% | 77.5% | 78.6% | — |
| Operating margin | 10.8% | 12.9% | 15.4% | — |
| Net margin | 6.0% | 6.9% | 8.8% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 44.0 | 77.7 | 182.1 | 23.9 | 30.9 | 126.8 |
| Price to sales | 3.0 | 3.9 | 3.6 | 4.3 | 5.2 | 21.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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