T 
1,450
+1.05%
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
¥2.81bn
FY2017FY2025
Net income
¥625.7m
FY2017FY2025
Free cash flow
¥1.70bn
FY2017FY2025
Shareholders' equity
¥2.60bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.81bn | ¥2.41bn | ¥2.06bn | ¥1.68bn | ¥1.42bn | ¥1.23bn | ¥981.7m | ¥842.5m | ¥592.0m |
| Gross profit | ¥1.94bn | ¥1.71bn | ¥1.43bn | ¥1.18bn | ¥1.05bn | ¥912.6m | ¥723.9m | ¥590.1m | ¥387.1m |
| Research and development | ¥39.6m | ¥29.0m | ¥31.8m | ¥30.3m | ¥26.7m | ¥43.4m | ¥29.4m | ¥23.8m | ¥491,000 |
| Operating income | ¥898.7m | ¥832.4m | ¥682.9m | ¥540.8m | ¥579.9m | ¥498.7m | ¥406.2m | ¥228.9m | ¥191.6m |
| Net income | ¥625.7m | ¥601.9m | ¥517.7m | ¥322.0m | ¥386.0m | ¥322.3m | ¥248.7m | ¥147.9m | ¥109.4m |
| Diluted earnings per share | 61.21 | 57.43 | 48.73 | 30.38 | 37.01 | 30.19 | 25.78 | 14.33 | 10.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.38bn | ¥4.36bn | ¥3.65bn | ¥2.67bn | ¥2.17bn | ¥1.65bn | ¥1.31bn | ¥469.9m | ¥413.8m |
| Cash and short-term investments | ¥3.94bn | ¥3.22bn | ¥2.40bn | ¥1.44bn | ¥1.15bn | ¥1.22bn | ¥998.5m | ¥226.2m | ¥196.4m |
| Total liabilities | ¥2.79bn | ¥1.91bn | ¥1.51bn | ¥956.4m | ¥681.6m | ¥300.9m | ¥310.0m | ¥199.0m | ¥294.1m |
| Debt | ¥145.7m | ¥195.7m | ¥245.8m | ¥295.8m | ¥357.7m | ¥24.9m | ¥37.9m | ¥50.9m | ¥167.3m |
| Shareholders' equity | ¥2.60bn | ¥2.44bn | ¥2.14bn | ¥1.71bn | ¥1.49bn | ¥1.35bn | ¥1.00bn | ¥270.9m | ¥119.7m |
| Shares outstanding | 10m | 10m | 11m | 11m | 10m | 11m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.75bn | ¥1.31bn | ¥1.22bn | ¥641.7m | ¥491.9m | ¥358.8m | ¥380.1m | ¥215.3m | ¥166.4m |
| Capital spending | −¥49.3m | −¥109.2m | −¥148.0m | −¥143.5m | −¥107.6m | −¥118.3m | −¥47.0m | −¥52.1m | −¥56.7m |
| Free cash flow | ¥1.70bn | ¥1.20bn | ¥1.07bn | ¥498.2m | ¥384.3m | ¥240.5m | ¥333.1m | ¥163.1m | ¥109.7m |
| Dividends paid | −¥208.2m | −¥179.4m | −¥111.4m | −¥133.7m | −¥112.0m | −¥112.0m | −¥112.0m | −¥112.0m | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥962.2m | ¥887.9m | ¥786.1m | ¥730.7m | ¥702.5m | ¥699.2m | ¥673.0m | ¥634.0m |
| Gross profit | ¥602.8m | ¥571.8m | ¥516.3m | ¥514.3m | ¥480.9m | ¥480.4m | ¥459.4m | ¥396.1m |
| Operating income | ¥269.6m | ¥258.7m | ¥226.8m | ¥139.2m | ¥233.2m | ¥267.1m | ¥259.2m | ¥162.4m |
| Net income | ¥181.1m | ¥179.0m | ¥156.7m | ¥109.6m | ¥162.4m | ¥181.1m | ¥172.6m | ¥136.2m |
| Diluted earnings per share | 17.54 | 17.34 | 15.18 | 10.72 | 15.88 | 17.72 | 16.89 | 13.00 |
| Cash from operations | — | — | — | ¥1.75bn | — | — | — | — |
| Capital spending | — | — | — | −¥49.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥1.70bn | — | — | — | — |
| Total assets | ¥6.74bn | ¥6.29bn | ¥5.65bn | ¥5.38bn | ¥5.05bn | ¥4.69bn | ¥4.23bn | ¥4.36bn |
| Cash and short-term investments | ¥4.40bn | ¥4.35bn | ¥4.00bn | ¥3.94bn | ¥3.40bn | ¥3.03bn | ¥2.91bn | ¥3.22bn |
| Debt | — | ¥70.6m | — | ¥145.7m | — | ¥120.7m | — | ¥50.0m |
| Shareholders' equity | ¥3.07bn | ¥2.89bn | ¥2.53bn | ¥2.60bn | ¥2.49bn | ¥2.32bn | ¥2.19bn | ¥2.44bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 69.0% | 70.9% | 69.5% | 69.9% | 73.8% | 73.9% |
| Operating margin | 32.0% | 34.6% | 36.3% | 32.2% | 40.7% | 40.4% |
| Net margin | 22.3% | 25.0% | 25.1% | 19.1% | 27.1% | 26.1% |
| Return on equity | 24.1% | 24.7% | 24.2% | 18.8% | 25.9% | 23.9% |
| Return on assets | 11.6% | 13.8% | 14.2% | 12.1% | 17.8% | 19.6% |
| Free cash flow yield | 12.0% | 9.2% | 8.8% | 5.1% | 3.9% | 3.1% |
| Revenue growth | 16.6% | 16.7% | 22.6% | 18.0% | 15.4% | 25.7% |
| Earnings growth | 4.0% | 16.2% | 60.8% | -16.6% | 19.8% | 29.6% |
| Current ratio | 1.65x | 2.06x | 2.14x | 2.58x | 3.61x | 4.89x |
| Debt to equity | 0.06x | 0.08x | 0.12x | 0.17x | 0.24x | 0.02x |
| Equity ratio | 48.2% | 56.0% | 58.6% | 64.1% | 68.6% | 81.7% |
| Interest coverage | 1523.30x | 1085.32x | 795.99x | 469.07x | 1563.10x | 1588.07x |
| R&D as a share of sales | 1.4% | 1.2% | 1.5% | 1.8% | 1.9% | 3.5% |
| Buybacks as a share of market value | 2.5% | 1.4% | -0.2% | -1.6% | 2.3% | -10.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.6% | 17.9% | — |
| Operating income | 18.4% | 12.5% | — |
| Net income | 24.8% | 14.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.8% | 69.8% | 70.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 21.2 | 14.6 | 18.7 | 26.9 | 22.6 | 43.2 | 93.8 |
| Price to sales | 4.7 | 3.7 | 4.7 | 5.2 | 6.1 | 11.3 | 24.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 30 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 40.00 | 17.00 | 10.60 | 12.90 | 10.80 |
- 3-for-1 split · 9 Oct 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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