F
1,205
+3.52%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥8.25bn
FY2020FY2026
Net income
¥684.3m
FY2020FY2026
Free cash flow
¥221.5m
FY2020FY2026
Shareholders' equity
¥2.24bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥8.25bn | ¥7.95bn | ¥6.93bn | ¥5.31bn | ¥3.64bn | ¥2.56bn | ¥2.88bn |
| Gross profit | ¥3.91bn | ¥3.54bn | ¥3.00bn | ¥2.05bn | ¥1.61bn | ¥1.08bn | ¥1.22bn |
| Research and development | — | — | ¥31.8m | ¥29.0m | ¥33.0m | ¥31.0m | ¥20.0m |
| Operating income | ¥1.24bn | ¥1.09bn | ¥757.4m | ¥258.1m | ¥256.2m | −¥190.6m | ¥107.0m |
| Net income | ¥684.3m | ¥720.8m | ¥440.5m | ¥222.5m | ¥266.4m | −¥194.9m | ¥66.0m |
| Diluted earnings per share | 122.26 | 112.69 | 69.00 | 34.83 | 41.52 | -34.83 | 11.79 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥3.70bn | ¥4.20bn | ¥4.01bn | ¥2.88bn | ¥2.69bn | ¥1.50bn | ¥1.22bn |
| Cash and short-term investments | ¥1.14bn | ¥2.13bn | ¥1.58bn | ¥1.16bn | ¥1.64bn | ¥896.6m | ¥518.2m |
| Total liabilities | ¥1.46bn | ¥1.48bn | ¥2.02bn | ¥1.35bn | ¥1.40bn | ¥1.26bn | ¥777.9m |
| Debt | ¥450.1m | ¥517.9m | ¥585.3m | ¥633.1m | ¥691.2m | ¥763.6m | ¥145.4m |
| Shareholders' equity | ¥2.24bn | ¥2.72bn | ¥1.99bn | ¥1.53bn | ¥1.29bn | ¥243.0m | ¥438.0m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥330.2m | ¥895.2m | ¥600.0m | −¥306.0m | ¥161.5m | −¥253.6m | ¥262.7m |
| Capital spending | −¥108.7m | −¥61.3m | −¥136.0m | −¥141.9m | −¥64.1m | −¥63.9m | −¥122.1m |
| Free cash flow | ¥221.5m | ¥833.9m | ¥464.0m | −¥447.9m | ¥97.4m | −¥317.5m | ¥140.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.22bn | ¥2.28bn | ¥2.15bn | ¥2.00bn | ¥1.81bn | ¥1.97bn | ¥2.07bn | ¥2.00bn |
| Gross profit | ¥943.6m | ¥1.10bn | ¥1.03bn | ¥963.6m | ¥812.6m | ¥890.2m | ¥916.5m | ¥906.0m |
| Operating income | ¥64.5m | ¥453.0m | ¥376.4m | ¥296.9m | ¥117.9m | ¥310.8m | ¥343.0m | ¥251.0m |
| Net income | ¥37.9m | ¥209.5m | ¥224.4m | ¥178.3m | ¥72.0m | ¥253.4m | ¥210.0m | ¥150.0m |
| Diluted earnings per share | 6.78 | 37.44 | 35.09 | 27.88 | 11.25 | 39.61 | 32.90 | 23.50 |
| Total assets | ¥3.53bn | ¥3.70bn | ¥4.54bn | ¥4.19bn | ¥3.96bn | ¥4.20bn | ¥3.92bn | ¥3.77bn |
| Cash and short-term investments | ¥1.50bn | ¥1.14bn | ¥2.18bn | ¥2.02bn | ¥1.96bn | ¥2.13bn | ¥1.67bn | ¥1.26bn |
| Debt | ¥67.8m | ¥450.1m | ¥70.5m | ¥484.0m | ¥67.8m | ¥517.9m | ¥64.4m | ¥550.3m |
| Shareholders' equity | ¥2.29bn | ¥2.24bn | ¥3.21bn | ¥2.99bn | ¥2.80bn | ¥2.72bn | ¥2.46bn | ¥2.25bn |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 47.4% | 44.6% | 43.3% | 38.6% | 44.2% | 42.4% | — |
| Operating margin | 15.1% | 13.7% | 10.9% | 4.9% | 6.7% | -7.4% | — |
| Net margin | 8.3% | 9.1% | 6.4% | 4.2% | 7.3% | -7.6% | — |
| Return on equity | 30.6% | 26.5% | 22.2% | 14.5% | 20.6% | -80.2% | — |
| Return on assets | 18.5% | 17.2% | 11.0% | 7.7% | 9.9% | -13.0% | — |
| Free cash flow yield | 7.0% | 13.3% | 10.3% | -2.3% | 3.1% | — | — |
| Revenue growth | 3.8% | 14.7% | 30.6% | 45.7% | 42.3% | -11.2% | — |
| Earnings growth | -5.1% | 63.6% | 98.0% | -16.5% | -236.7% | -395.3% | — |
| Current ratio | 3.11x | 3.76x | 2.40x | 3.35x | 3.16x | 2.43x | — |
| Debt to equity | 0.20x | 0.19x | 0.29x | 0.41x | 0.54x | 3.14x | — |
| Equity ratio | 60.5% | 64.8% | 49.6% | 53.1% | 48.0% | 16.2% | — |
| Interest coverage | 214.74x | 133.22x | 121.39x | 77.39x | 55.15x | -49.62x | — |
| R&D as a share of sales | — | — | 0.5% | 0.5% | 0.9% | 1.2% | 0.7% |
| Buybacks as a share of market value | 12.5% | -0.2% | 0.1% | 0.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.9% | 26.4% | — |
| Operating income | 68.9% | — | — |
| Net income | 45.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.0% | 44.0% | 43.9% | — |
| Operating margin | 14.4% | 11.8% | 9.8% | — |
| Net margin | 8.7% | 7.3% | 6.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | 15.8 | 25.7 | 65.4 | 24.9 | -46.4 |
| Price to sales | 0.8 | 1.4 | 1.6 | 2.8 | 1.8 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 28 Mar 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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