K 
1,069
+3.89%
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
¥1.20bn
FY2017FY2026
Net income
−¥188.3m
FY2017FY2026
Free cash flow
−¥644.8m
FY2017FY2026
Shareholders' equity
¥2.64bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.20bn | ¥517.5m | ¥491.0m | ¥332.8m | ¥272.0m | ¥127.9m | ¥456.3m | ¥376.1m | ¥204.7m | ¥88.5m |
| Research and development | ¥206.6m | ¥378.3m | ¥320.7m | ¥259.6m | ¥128.2m | ¥98.2m | ¥85.0m | ¥64.6m | ¥52.2m | ¥18.8m |
| Operating income | −¥586.0m | −¥1.60bn | −¥527.2m | −¥598.7m | −¥433.1m | −¥451.2m | ¥9.4m | ¥123.0m | −¥3.1m | −¥88.8m |
| Net income | −¥188.3m | −¥801.7m | −¥69.9m | −¥413.6m | −¥2.24bn | −¥1.61bn | −¥29.3m | ¥103.2m | ¥3.7m | −¥92.7m |
| Diluted earnings per share | -16.63 | -71.04 | -6.20 | -47.69 | -263.55 | -204.85 | -3.82 | 14.58 | 0.53 | -8.19 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.98bn | ¥3.78bn | ¥2.75bn | ¥1.01bn | ¥770.1m | ¥1.54bn | ¥1.40bn | ¥931.0m | ¥206.7m | ¥208.6m |
| Cash and short-term investments | ¥1.99bn | ¥2.63bn | ¥1.75bn | ¥885.0m | ¥647.3m | ¥1.23bn | ¥496.5m | ¥868.3m | ¥167.9m | ¥193.9m |
| Total liabilities | ¥335.5m | ¥648.2m | ¥658.5m | ¥248.3m | ¥132.2m | ¥81.9m | ¥478.5m | ¥38.9m | ¥16.5m | ¥16.1m |
| Debt | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | — | ¥207.8m | ¥207.8m | — | — |
| Shareholders' equity | ¥2.64bn | ¥3.13bn | ¥2.09bn | ¥759.8m | ¥638.0m | ¥1.46bn | ¥923.9m | ¥892.1m | ¥190.2m | ¥192.5m |
| Shares outstanding | 11m | 11m | 11m | 9m | 8m | 8m | 8m | 7m | 7m | 11m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥632.1m | −¥815.1m | −¥490.8m | −¥628.9m | −¥494.1m | −¥349.8m | −¥130.8m | ¥110.4m | −¥25.7m | −¥62.5m |
| Capital spending | −¥12.8m | −¥57.4m | −¥18.2m | −¥20.3m | −¥4.1m | −¥15.5m | −¥7.4m | −¥445,000 | −¥1.2m | −¥1.2m |
| Free cash flow | −¥644.8m | −¥872.5m | −¥509.1m | −¥649.3m | −¥498.2m | −¥365.3m | −¥138.2m | ¥109.9m | −¥26.9m | −¥63.7m |
| Dividends paid | — | — | — | −¥200.0m | — | — | −¥215.0m | −¥228.5m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥112.1m | ¥478.2m | ¥318.5m | ¥231.7m | ¥168.6m | ¥267.3m | ¥102.1m | ¥113.3m |
| Operating income | −¥148.4m | −¥63.2m | −¥106.6m | −¥170.5m | −¥245.7m | −¥112.9m | −¥250.0m | −¥200.2m |
| Net income | −¥71.6m | ¥40.2m | ¥101.2m | −¥99.3m | −¥230.3m | −¥281.9m | ¥33.8m | −¥503.6m |
| Diluted earnings per share | -6.33 | 3.55 | 8.96 | -8.79 | -20.41 | -24.97 | 3.00 | -44.64 |
| Total assets | ¥2.76bn | ¥2.98bn | ¥2.97bn | ¥3.03bn | ¥3.14bn | ¥3.78bn | ¥3.58bn | ¥3.75bn |
| Cash and short-term investments | ¥2.04bn | ¥1.99bn | ¥2.12bn | ¥2.20bn | ¥2.41bn | ¥2.63bn | ¥2.82bn | ¥3.13bn |
| Debt | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m | ¥200.0m |
| Shareholders' equity | ¥2.50bn | ¥2.64bn | ¥2.59bn | ¥2.72bn | ¥2.87bn | ¥3.13bn | ¥3.29bn | ¥3.46bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 53.2% | 56.4% | — |
| Operating income | -0.7% | 5.4% | — |
| Net income | -23.1% | -34.9% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -67.5 | -17.8 | -211.1 | -24.1 | -10.1 | -14.3 | -744.5 | — | — |
| Price to sales | 10.6 | 27.5 | 30.1 | 29.9 | 83.0 | 180.4 | 47.8 | 156.8 | 356.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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