L
1,697
-0.12%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥3.59bn
FY2017FY2025
Net income
¥314.6m
FY2017FY2025
Free cash flow
¥442.8m
FY2017FY2025
Shareholders' equity
¥1.72bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.59bn | ¥3.57bn | ¥3.37bn | ¥3.03bn | ¥3.24bn | ¥2.44bn | ¥1.87bn | ¥1.83bn | ¥1.56bn |
| Operating income | ¥503.6m | ¥207.0m | ¥462.0m | ¥381.7m | ¥149.9m | ¥10.7m | ¥265.6m | ¥246.9m | ¥64.2m |
| Net income | ¥314.6m | ¥114.0m | ¥302.2m | ¥235.4m | ¥88.7m | ¥5.4m | ¥170.8m | ¥176.3m | ¥42.1m |
| Diluted earnings per share | 123.24 | 42.43 | 112.47 | 87.50 | 32.92 | 2.00 | 63.32 | 71.07 | 17.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.33bn | ¥3.40bn | ¥2.13bn | ¥2.01bn | ¥1.85bn | ¥1.86bn | ¥1.29bn | ¥993.7m | ¥678.6m |
| Cash and short-term investments | ¥2.24bn | ¥1.90bn | ¥1.13bn | ¥1.28bn | ¥1.17bn | ¥1.21bn | ¥896.4m | ¥587.0m | ¥325.7m |
| Total liabilities | ¥1.61bn | ¥1.85bn | ¥673.6m | ¥865.2m | ¥947.9m | ¥1.06bn | ¥488.1m | ¥686.8m | ¥548.0m |
| Debt | ¥1.00bn | ¥1.33bn | ¥148.2m | ¥296.9m | ¥452.0m | ¥616.2m | ¥220.0m | ¥286.6m | ¥321.8m |
| Shareholders' equity | ¥1.72bn | ¥1.55bn | ¥1.45bn | ¥1.14bn | ¥901.0m | ¥807.9m | ¥800.7m | ¥306.9m | ¥130.6m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥452.3m | ¥103.3m | ¥253.7m | ¥308.6m | ¥97.5m | −¥68.1m | ¥83.4m | ¥302.3m | ¥12.1m |
| Capital spending | −¥9.5m | −¥6.9m | −¥26.6m | −¥6.2m | −¥1.8m | −¥4.1m | −¥9.8m | −¥3.4m | −¥10.3m |
| Free cash flow | ¥442.8m | ¥96.4m | ¥227.1m | ¥302.5m | ¥95.7m | −¥72.1m | ¥73.6m | ¥298.9m | ¥1.8m |
| Dividends paid | — | — | — | — | — | — | −¥305.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.09bn | ¥881.9m | ¥851.5m | ¥894.6m | ¥891.6m | ¥966.4m | ¥840.1m | ¥885.6m |
| Operating income | ¥28.9m | ¥82.9m | ¥81.1m | ¥114.5m | ¥132.8m | ¥180.7m | ¥75.5m | ¥34.2m |
| Net income | −¥11.0m | ¥41.7m | ¥50.0m | ¥57.5m | ¥125.6m | ¥97.2m | ¥34.3m | ¥12.5m |
| Diluted earnings per share | -4.62 | 17.47 | 19.60 | 22.53 | 49.22 | 38.07 | 12.75 | 4.66 |
| Cash from operations | — | ¥21.0m | ¥21.0m | ¥130.0m | — | ¥96.0m | ¥96.0m | ¥29.0m |
| Capital spending | — | — | — | −¥4.0m | — | — | — | −¥3.0m |
| Free cash flow | — | — | — | ¥126.0m | — | — | — | ¥26.0m |
| Total assets | ¥3.32bn | ¥3.31bn | ¥3.27bn | ¥3.33bn | ¥3.34bn | ¥3.42bn | ¥3.28bn | ¥3.40bn |
| Cash and short-term investments | ¥1.85bn | ¥2.20bn | ¥2.12bn | ¥2.24bn | ¥1.87bn | ¥1.86bn | ¥1.81bn | ¥1.90bn |
| Debt | ¥484.9m | ¥1.31bn | ¥321.4m | ¥1.00bn | ¥281.4m | ¥1.15bn | ¥309.9m | ¥331.4m |
| Shareholders' equity | ¥1.41bn | ¥1.49bn | ¥1.50bn | ¥1.72bn | ¥1.78bn | ¥1.68bn | ¥1.58bn | ¥1.55bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.4% | 6.4% | 13.7% | 12.6% | 4.6% | 0.4% |
| Net margin | 8.8% | 3.2% | 9.0% | 7.8% | 2.7% | 0.2% |
| Return on equity | 18.3% | 7.4% | 20.8% | 20.6% | 9.8% | 0.7% |
| Return on assets | 9.4% | 3.4% | 14.2% | 11.7% | 4.8% | 0.3% |
| Free cash flow yield | 10.6% | 2.4% | 6.1% | 6.8% | 2.2% | -1.4% |
| Revenue growth | 0.6% | 5.8% | 11.4% | -6.6% | 32.7% | 30.5% |
| Earnings growth | 175.9% | -62.3% | 28.4% | 165.3% | 1546.7% | -96.8% |
| Current ratio | 3.18x | 2.95x | 2.76x | 2.58x | 2.68x | 2.87x |
| Debt to equity | 0.58x | 0.86x | 0.10x | 0.26x | 0.50x | 0.76x |
| Equity ratio | 51.6% | 45.6% | 68.3% | 56.9% | 48.7% | 43.3% |
| Interest coverage | 50.48x | 59.89x | 607.00x | 293.60x | 81.52x | 8.13x |
| Buybacks as a share of market value | 5.0% | 0.0% | 0.1% | 0.2% | -0.2% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 8.0% | — |
| Operating income | 9.7% | 116.0% | — |
| Net income | 10.1% | 125.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 13.4 | 31.7 | 10.3 | 12.2 | 63.5 | — | 22.6 |
| Price to sales | 1.2 | 1.0 | 0.9 | 0.9 | 1.7 | 1.5 | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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