V 
441
+6.01%
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
¥11.94bn
FY2017FY2026
Net income
¥573.3m
FY2017FY2026
Free cash flow
¥856.3m
FY2017FY2026
Shareholders' equity
¥3.63bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.94bn | ¥10.80bn | ¥10.36bn | ¥9.06bn | ¥6.71bn | ¥5.26bn | ¥4.88bn | ¥3.28bn | ¥2.46bn | ¥2.29bn |
| Gross profit | ¥3.66bn | ¥3.21bn | ¥2.99bn | ¥2.70bn | ¥1.87bn | ¥1.43bn | ¥1.34bn | ¥999.7m | ¥732.1m | ¥692.1m |
| Research and development | — | ¥58.3m | ¥99.0m | ¥45.3m | ¥90.0m | ¥71.5m | ¥57.0m | ¥30.0m | ¥20.4m | ¥1.3m |
| Operating income | ¥923.8m | ¥940.9m | ¥840.7m | ¥971.7m | ¥572.1m | ¥346.1m | ¥321.6m | ¥188.6m | ¥41.4m | ¥91.7m |
| Net income | ¥573.3m | ¥589.1m | ¥518.1m | ¥651.5m | ¥413.8m | ¥246.6m | ¥224.1m | ¥148.0m | −¥2.5m | ¥38.5m |
| Diluted earnings per share | 28.95 | 29.75 | 25.68 | 31.80 | 20.20 | 11.84 | 10.73 | 7.14 | -0.13 | 1.94 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.73bn | ¥6.51bn | ¥5.39bn | ¥4.09bn | ¥2.93bn | ¥2.54bn | ¥2.09bn | ¥1.17bn | ¥892.5m | ¥903.8m |
| Cash and short-term investments | ¥2.36bn | ¥1.94bn | ¥1.76bn | ¥1.54bn | ¥1.36bn | ¥1.19bn | ¥996.5m | ¥293.0m | ¥189.9m | ¥248.9m |
| Total liabilities | ¥3.10bn | ¥3.25bn | ¥2.57bn | ¥1.68bn | ¥1.22bn | ¥1.04bn | ¥846.2m | ¥753.1m | ¥624.9m | ¥635.3m |
| Debt | ¥1.52bn | ¥1.61bn | ¥997.2m | ¥169.8m | ¥199.7m | ¥231.0m | ¥113.9m | ¥177.9m | ¥268.7m | ¥282.8m |
| Shareholders' equity | ¥3.63bn | ¥3.26bn | ¥2.82bn | ¥2.41bn | ¥1.71bn | ¥1.50bn | ¥1.25bn | ¥414.7m | ¥267.6m | ¥268.5m |
| Shares outstanding | 20m | 20m | 20m | 20m | 20m | 21m | 21m | 21m | 20m | 20m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥934.8m | ¥603.2m | ¥457.6m | ¥847.0m | ¥505.3m | ¥291.1m | ¥246.1m | ¥248.6m | −¥2.1m | ¥95.5m |
| Capital spending | −¥78.6m | −¥111.7m | −¥164.1m | −¥117.9m | −¥43.4m | −¥127.3m | −¥79.1m | −¥60.1m | −¥22.4m | −¥72.1m |
| Free cash flow | ¥856.3m | ¥491.6m | ¥293.6m | ¥729.1m | ¥462.0m | ¥163.8m | ¥167.0m | ¥188.5m | −¥24.5m | ¥23.4m |
| Dividends paid | −¥80.3m | −¥70.6m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.01bn | ¥3.23bn | ¥3.06bn | ¥2.89bn | ¥2.75bn | ¥2.92bn | ¥2.79bn | ¥2.64bn |
| Gross profit | ¥811.5m | ¥1.04bn | ¥980.8m | ¥865.3m | ¥779.0m | ¥937.6m | ¥880.0m | ¥812.0m |
| Operating income | −¥7.0m | ¥375.7m | ¥278.8m | ¥170.2m | ¥99.0m | ¥386.2m | ¥246.7m | ¥310.0m |
| Net income | −¥105.1m | ¥239.9m | ¥192.1m | ¥88.0m | ¥53.0m | ¥238.4m | ¥137.7m | ¥220.0m |
| Diluted earnings per share | -5.31 | 12.11 | 9.70 | 4.45 | 2.68 | 12.04 | 6.83 | 10.91 |
| Cash from operations | — | — | — | ¥308.0m | — | — | — | — |
| Capital spending | — | — | — | −¥30.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥278.0m | — | — | — | — |
| Total assets | ¥6.29bn | ¥6.73bn | ¥6.45bn | ¥6.49bn | ¥6.24bn | ¥6.51bn | ¥6.16bn | ¥5.22bn |
| Cash and short-term investments | ¥2.32bn | ¥2.36bn | ¥2.19bn | ¥2.34bn | ¥2.19bn | ¥1.94bn | ¥1.80bn | ¥1.66bn |
| Debt | ¥385.0m | ¥1.52bn | ¥426.9m | ¥1.75bn | ¥1.12bn | ¥1.61bn | ¥928.5m | ¥939.3m |
| Shareholders' equity | ¥3.44bn | ¥3.63bn | ¥3.42bn | ¥3.19bn | ¥3.11bn | ¥3.26bn | ¥3.06bn | ¥2.92bn |
Financial ratios
Data as of 7 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 30.7% | 29.7% | 28.9% | 29.8% | 27.8% | 27.2% | — |
| Operating margin | 7.2% | 8.6% | 8.0% | 10.9% | 8.7% | 6.6% | — |
| Net margin | 4.8% | 5.5% | 5.0% | 7.2% | 6.2% | 4.7% | — |
| Return on equity | 15.8% | 18.1% | 18.3% | 27.1% | 24.2% | 16.5% | — |
| Return on assets | 8.5% | 9.1% | 9.6% | 15.9% | 14.1% | 9.7% | — |
| Free cash flow yield | 12.4% | 8.8% | 7.5% | 11.4% | 6.5% | 4.9% | — |
| Revenue growth | 10.6% | 4.2% | 14.4% | 35.1% | 27.5% | 7.9% | — |
| Earnings growth | -2.7% | 13.7% | -20.5% | 57.4% | 67.8% | 10.0% | — |
| Current ratio | 2.09x | 1.56x | 1.96x | 1.76x | 2.02x | 2.11x | — |
| Debt to equity | 0.42x | 0.49x | 0.35x | 0.07x | 0.11x | 0.15x | — |
| Equity ratio | 53.9% | 50.1% | 52.4% | 58.9% | 58.4% | 59.0% | — |
| Interest coverage | 42.23x | 61.69x | 123.64x | 628.78x | 320.44x | 243.49x | — |
| R&D as a share of sales | — | 0.5% | 1.0% | 0.5% | 1.3% | 1.4% | 1.2% |
| Buybacks as a share of market value | 0.0% | 1.8% | 1.5% | -0.0% | 1.6% | 0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.6% | 17.8% | — |
| Operating income | -1.7% | 21.7% | — |
| Net income | -4.2% | 18.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.2% | 29.8% | 29.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 14.6 | 16.4 | 30.4 | 51.2 | 38.3 | 66.3 | 86.4 |
| Price to sales | 0.7 | 0.8 | 0.8 | 2.2 | 3.2 | 1.8 | 3.0 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 8.00 | 4.00 |
- 3-for-1 split · 28 Sept 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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