L 
618
+3.87%
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
¥4.80bn
FY2017FY2026
Net income
−¥554.8m
FY2017FY2026
Free cash flow
¥360.8m
FY2017FY2026
Shareholders' equity
¥2.29bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.80bn | ¥4.84bn | ¥3.67bn | ¥3.13bn | ¥2.28bn | ¥1.63bn | ¥1.34bn | ¥1.09bn | ¥610.2m | ¥628.8m |
| Gross profit | ¥2.45bn | ¥2.31bn | ¥2.11bn | ¥1.69bn | ¥1.33bn | ¥1.06bn | ¥886.2m | ¥758.8m | ¥423.1m | ¥461.7m |
| Operating income | ¥376.9m | ¥247.5m | ¥392.0m | ¥434.0m | ¥117.7m | ¥225.6m | ¥433.7m | ¥398.7m | ¥207.9m | ¥278.3m |
| Net income | −¥554.8m | ¥148.0m | ¥157.4m | ¥204.3m | ¥33.8m | ¥157.2m | ¥295.7m | ¥272.1m | ¥149.2m | ¥166.3m |
| Diluted earnings per share | -39.14 | 10.44 | 11.04 | 14.37 | 2.38 | 11.04 | 20.77 | 19.20 | 10.52 | 11.73 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.87bn | ¥5.89bn | ¥5.17bn | ¥4.10bn | ¥2.86bn | ¥2.62bn | ¥2.29bn | ¥1.78bn | ¥729.0m | ¥577.4m |
| Cash and short-term investments | ¥953.5m | ¥1.65bn | ¥1.91bn | ¥1.76bn | ¥924.0m | ¥1.04bn | ¥1.43bn | ¥1.40bn | ¥453.1m | ¥397.2m |
| Total liabilities | ¥2.58bn | ¥3.26bn | ¥2.29bn | ¥1.79bn | ¥729.8m | ¥438.2m | ¥313.7m | ¥306.1m | ¥177.3m | ¥235.8m |
| Debt | ¥1.49bn | ¥1.98bn | ¥894.8m | ¥684.7m | — | — | — | ¥9.1m | ¥45.5m | ¥81.8m |
| Shareholders' equity | ¥2.29bn | ¥2.59bn | ¥2.59bn | ¥2.27bn | ¥2.06bn | ¥2.11bn | ¥1.98bn | ¥1.48bn | ¥551.7m | ¥341.6m |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥677.1m | ¥222.6m | ¥264.3m | ¥401.5m | ¥74.1m | ¥255.7m | ¥222.9m | ¥443.1m | ¥74.1m | ¥151.5m |
| Capital spending | −¥316.4m | −¥72.4m | −¥50.6m | −¥18.1m | −¥30.3m | −¥169.7m | −¥15.4m | −¥116.7m | −¥14.8m | −¥21.7m |
| Free cash flow | ¥360.8m | ¥150.2m | ¥213.7m | ¥383.4m | ¥43.8m | ¥86.0m | ¥207.6m | ¥326.4m | ¥59.3m | ¥129.8m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.25bn | ¥1.26bn | ¥1.20bn | ¥1.09bn | ¥1.15bn | ¥1.06bn | ¥1.34bn | ¥1.28bn |
| Gross profit | ¥664.5m | ¥663.4m | ¥616.8m | ¥501.9m | ¥527.1m | ¥513.9m | ¥665.1m | ¥603.7m |
| Operating income | ¥160.0m | ¥178.4m | ¥93.9m | −¥55.4m | ¥30.3m | −¥29.0m | ¥142.2m | ¥103.9m |
| Net income | −¥694.6m | ¥135.7m | ¥42.7m | −¥38.6m | ¥86.5m | −¥34.1m | ¥71.0m | ¥24.5m |
| Diluted earnings per share | -49.01 | 9.57 | 3.02 | -2.73 | 6.10 | -2.40 | 5.01 | 1.72 |
| Total assets | ¥4.87bn | ¥5.49bn | ¥5.47bn | ¥5.63bn | ¥5.89bn | ¥6.06bn | ¥6.11bn | ¥5.69bn |
| Cash and short-term investments | ¥953.5m | ¥1.16bn | ¥1.42bn | ¥1.62bn | ¥1.65bn | ¥2.20bn | ¥2.57bn | ¥2.42bn |
| Debt | ¥471.1m | ¥506.0m | ¥1.66bn | ¥597.1m | ¥985.3m | ¥894.2m | ¥1.43bn | ¥740.9m |
| Shareholders' equity | ¥2.29bn | ¥2.70bn | ¥2.57bn | ¥2.55bn | ¥2.59bn | ¥2.66bn | ¥2.70bn | ¥2.61bn |
Financial ratios
Data as of 3 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 51.0% | 47.8% | 57.4% | 54.1% | 58.4% | 65.1% |
| Operating margin | 7.9% | 5.1% | 10.7% | 13.9% | 5.2% | 13.8% |
| Net margin | -11.6% | 3.1% | 4.3% | 6.5% | 1.5% | 9.6% |
| Return on equity | -24.2% | 5.7% | 6.1% | 9.0% | 1.6% | 7.4% |
| Return on assets | -11.4% | 2.5% | 3.0% | 5.0% | 1.2% | 6.0% |
| Free cash flow yield | 9.7% | 2.9% | 3.1% | 4.1% | 1.0% | 4.1% |
| Revenue growth | -0.7% | 31.7% | 17.3% | 37.5% | 39.2% | 22.1% |
| Earnings growth | -474.9% | -6.0% | -23.0% | 503.5% | -78.5% | -46.8% |
| Current ratio | 1.68x | 1.60x | 2.73x | 2.62x | 2.44x | 3.54x |
| Debt to equity | 0.21x | 0.38x | 0.31x | 0.30x | 0.00x | 0.00x |
| Equity ratio | 47.1% | 43.9% | 50.1% | 55.4% | 71.9% | 80.6% |
| Interest coverage | 14.80x | 15.06x | 66.48x | 106.91x | 1961.97x | 37594.00x |
| Buybacks as a share of market value | -0.0% | 0.6% | -0.2% | 0.1% | 0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.3% | 24.0% | — |
| Operating income | -4.6% | 10.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.4% | 52.1% | 53.8% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.9 | 93.0 | 35.5 | 51.8 | 419.1 | 95.7 | 57.6 | 99.7 |
| Price to sales | 2.0 | 2.9 | 1.5 | 3.4 | 6.2 | 9.2 | 12.7 | 25.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 14 Jan 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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