P 
436
+1.40%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥3.38bn
FY2019FY2025
Net income
¥291.8m
FY2019FY2025
Free cash flow
¥309.1m
FY2019FY2025
Shareholders' equity
¥2.40bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥3.38bn | ¥2.96bn | ¥2.49bn | ¥1.99bn | ¥1.60bn | ¥1.18bn | ¥778.8m |
| Gross profit | ¥2.54bn | ¥2.27bn | ¥2.03bn | ¥1.74bn | ¥1.39bn | ¥951.3m | ¥615.7m |
| Research and development | — | ¥78.1m | ¥73.1m | ¥55.6m | ¥84.2m | ¥45.9m | ¥11.8m |
| Operating income | ¥231.2m | ¥76.3m | −¥230.5m | −¥613.1m | −¥848.7m | −¥667.0m | −¥693.4m |
| Net income | ¥291.8m | ¥155.2m | −¥175.1m | −¥578.2m | −¥866.5m | −¥1.18bn | −¥713.6m |
| Diluted earnings per share | 18.63 | 9.94 | -11.29 | -37.32 | -56.30 | -76.08 | -45.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥3.87bn | ¥3.44bn | ¥3.60bn | ¥3.47bn | ¥4.31bn | ¥1.87bn | ¥1.37bn |
| Cash and short-term investments | ¥1.66bn | ¥1.56bn | ¥1.57bn | ¥1.85bn | ¥3.53bn | ¥1.62bn | ¥739.2m |
| Total liabilities | ¥1.39bn | ¥1.28bn | ¥1.47bn | ¥1.27bn | ¥1.63bn | ¥1.40bn | ¥1.28bn |
| Debt | ¥73.2m | ¥93.0m | ¥301.8m | ¥379.8m | ¥754.6m | ¥962.2m | ¥900.6m |
| Shareholders' equity | ¥2.40bn | ¥2.14bn | ¥1.95bn | ¥2.10bn | ¥2.64bn | ¥467.1m | ¥90.3m |
| Shares outstanding | 16m | 16m | 16m | 15m | 15m | 16m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥549.1m | ¥388.7m | ¥219.0m | −¥426.2m | −¥576.3m | −¥545.3m | −¥585.5m |
| Capital spending | −¥240.0m | −¥178.8m | −¥358.3m | −¥705.2m | −¥340.9m | −¥138.5m | −¥145.3m |
| Free cash flow | ¥309.1m | ¥209.9m | −¥139.2m | −¥1.13bn | −¥917.2m | −¥683.8m | −¥730.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.03bn | ¥1.02bn | ¥939.7m | ¥841.2m | ¥781.3m | ¥822.6m | ¥771.6m | ¥750.1m |
| Gross profit | ¥741.0m | ¥728.8m | ¥689.5m | ¥626.0m | ¥601.9m | ¥625.5m | ¥590.5m | ¥570.2m |
| Operating income | ¥80.5m | ¥93.2m | ¥15.9m | ¥70.0m | ¥49.7m | ¥95.6m | −¥32.7m | ¥72,000 |
| Net income | ¥81.2m | ¥93.8m | ¥39.8m | ¥81.6m | ¥68.3m | ¥102.1m | −¥10.5m | ¥20.9m |
| Diluted earnings per share | 5.21 | 6.02 | 2.54 | 5.21 | 4.36 | 6.52 | -0.67 | 1.34 |
| Total assets | ¥4.27bn | ¥4.06bn | ¥3.87bn | ¥3.70bn | ¥3.66bn | ¥3.54bn | ¥3.44bn | ¥3.54bn |
| Cash and short-term investments | ¥1.98bn | ¥1.77bn | ¥1.66bn | ¥1.86bn | ¥1.81bn | ¥1.62bn | ¥1.56bn | ¥1.55bn |
| Debt | ¥55.5m | ¥63.8m | ¥73.2m | ¥43.2m | ¥68.7m | ¥43.2m | ¥49.8m | ¥57.2m |
| Shareholders' equity | ¥2.61bn | ¥2.51bn | ¥2.40bn | ¥2.35bn | ¥2.26bn | ¥2.20bn | ¥2.14bn | ¥2.13bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 75.1% | 76.6% | 81.4% | 87.3% | 87.2% | 80.9% | — |
| Operating margin | 6.8% | 2.6% | -8.9% | -30.7% | -53.0% | -56.7% | — |
| Net margin | 8.6% | 5.2% | -7.0% | -29.0% | -54.2% | -100.8% | — |
| Return on equity | 12.2% | 7.3% | -9.0% | -27.5% | -32.8% | -253.6% | — |
| Return on assets | 7.5% | 4.5% | -4.9% | -16.7% | -20.1% | -63.5% | — |
| Free cash flow yield | 10.1% | 7.3% | 7.5% | 3.6% | -3.1% | — | — |
| Revenue growth | 14.3% | 18.8% | 25.0% | 24.6% | 36.1% | 51.0% | — |
| Earnings growth | 88.0% | -188.7% | -69.7% | -33.3% | -26.9% | 66.0% | — |
| Current ratio | 1.56x | 1.54x | 1.39x | 2.17x | 3.16x | 2.72x | — |
| Debt to equity | 0.03x | 0.04x | 0.15x | 0.18x | 0.28x | 2.06x | — |
| Equity ratio | 62.0% | 62.0% | 54.2% | 60.5% | 61.3% | 25.0% | — |
| Interest coverage | 416.51x | 39.59x | -48.82x | -58.80x | -52.17x | -31.29x | — |
| R&D as a share of sales | — | 2.6% | 2.9% | 2.8% | 5.3% | 3.9% | 1.5% |
| Buybacks as a share of market value | -0.4% | -0.6% | -0.1% | -0.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.7% | 24.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.8% | 79.2% | 80.3% | — |
| Operating margin | 4.8% | -4.9% | -15.1% | — |
| Net margin | 7.0% | -2.8% | -17.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 23.4 | 34.2 | -39.5 | -8.1 | -14.8 |
| Price to sales | 2.0 | 1.8 | 2.8 | 2.4 | 8.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.