464
-0.22%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥2.63bn
FY2017FY2025
Net income
¥85.6m
FY2017FY2025
Free cash flow
¥180.3m
FY2017FY2025
Shareholders' equity
¥1.15bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.63bn | ¥3.11bn | ¥2.90bn | ¥2.50bn | ¥2.17bn | ¥2.28bn | ¥1.78bn | ¥1.49bn | ¥1.59bn |
| Gross profit | ¥697.5m | ¥891.0m | ¥737.3m | ¥669.2m | ¥628.3m | ¥629.5m | ¥556.0m | ¥386.1m | ¥445.2m |
| Operating income | ¥124.8m | ¥362.2m | ¥301.5m | ¥270.3m | ¥230.8m | ¥222.7m | ¥155.0m | ¥24.3m | ¥105.2m |
| Net income | ¥85.6m | ¥255.8m | ¥205.5m | ¥183.7m | ¥164.8m | ¥143.1m | ¥134.0m | −¥87.3m | ¥91.2m |
| Diluted earnings per share | 14.49 | 40.85 | 31.65 | 28.71 | 27.91 | 24.23 | 22.69 | -18.97 | 19.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.82bn | ¥2.87bn | ¥1.98bn | ¥1.91bn | ¥1.57bn | ¥1.10bn | ¥1.02bn | ¥848.9m | ¥705.8m |
| Cash and short-term investments | ¥776.7m | ¥847.5m | ¥1.05bn | ¥653.6m | ¥793.3m | ¥656.0m | ¥497.4m | ¥369.4m | ¥135.8m |
| Total liabilities | ¥666.7m | ¥1.44bn | ¥718.8m | ¥1.02bn | ¥835.8m | ¥506.1m | ¥661.7m | ¥812.2m | ¥581.9m |
| Debt | — | ¥24.3m | ¥66.1m | ¥117.9m | ¥173.9m | ¥230.0m | ¥251.1m | ¥369.5m | ¥282.0m |
| Shareholders' equity | ¥1.15bn | ¥1.44bn | ¥1.26bn | ¥891.3m | ¥731.9m | ¥592.0m | ¥362.0m | ¥36.7m | ¥124.0m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥190.9m | ¥58.4m | ¥385.3m | −¥73.1m | ¥232.4m | ¥100.6m | ¥88.0m | ¥171.2m | ¥159.0m |
| Capital spending | −¥10.6m | −¥36.6m | −¥21.8m | −¥4.6m | −¥14.9m | −¥7.5m | −¥6.0m | −¥25.0m | −¥80.0m |
| Free cash flow | ¥180.3m | ¥21.8m | ¥363.5m | −¥77.8m | ¥217.5m | ¥93.1m | ¥82.0m | ¥146.2m | ¥79.0m |
| Dividends paid | −¥62.9m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥688.3m | ¥583.3m | ¥524.2m | ¥895.9m | ¥568.0m | ¥466.2m | ¥704.0m | ¥1.61bn |
| Gross profit | ¥183.6m | ¥179.8m | ¥149.4m | ¥260.8m | ¥112.0m | ¥132.7m | ¥192.0m | ¥401.0m |
| Operating income | ¥41.6m | ¥50.0m | ¥3.9m | ¥116.3m | −¥42.0m | ¥2.6m | ¥47.7m | ¥266.0m |
| Net income | ¥28.4m | ¥38.3m | ¥2.1m | ¥83.4m | −¥29.0m | ¥1.2m | ¥30.0m | ¥191.0m |
| Diluted earnings per share | 4.81 | 6.49 | 0.36 | 14.12 | -4.91 | 0.21 | 4.79 | 30.50 |
| Cash from operations | — | — | — | ¥190.0m | — | — | — | — |
| Capital spending | — | — | — | −¥10.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥180.0m | — | — | — | — |
| Total assets | ¥1.71bn | ¥1.74bn | ¥1.61bn | ¥1.82bn | ¥1.85bn | ¥1.79bn | ¥1.89bn | ¥2.87bn |
| Cash and short-term investments | ¥753.8m | ¥888.2m | ¥908.7m | ¥776.7m | ¥862.1m | ¥1.06bn | ¥1.28bn | ¥847.5m |
| Debt | — | — | — | — | — | ¥6.3m | ¥15.3m | ¥24.3m |
| Shareholders' equity | ¥1.05bn | ¥1.08bn | ¥1.04bn | ¥1.15bn | ¥1.16bn | ¥1.25bn | ¥1.25bn | ¥1.44bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 26.5% | 28.7% | 25.4% | 26.7% | 29.0% | 27.6% | — |
| Operating margin | 4.6% | 11.6% | 10.2% | 10.5% | 10.3% | 8.3% | — |
| Net margin | 3.2% | 8.2% | 7.1% | 7.3% | 7.6% | 6.3% | — |
| Return on equity | 7.4% | 17.8% | 16.3% | 20.6% | 22.5% | 24.2% | — |
| Return on assets | 4.7% | 8.9% | 10.4% | 9.6% | 10.5% | 13.0% | — |
| Free cash flow yield | 5.8% | 1.7% | 10.6% | -2.0% | — | — | — |
| Revenue growth | -15.2% | 7.1% | 15.9% | 15.6% | -5.1% | 28.3% | — |
| Earnings growth | -66.5% | 24.5% | 11.9% | 11.5% | 15.2% | 6.8% | — |
| Current ratio | 2.81x | 2.04x | 3.28x | 2.30x | 2.12x | 3.20x | — |
| Debt to equity | — | 0.02x | 0.05x | 0.13x | 0.24x | 0.39x | 0.21x |
| Equity ratio | 63.4% | 50.0% | 63.7% | 46.7% | 46.7% | 53.9% | — |
| Interest coverage | 1464.43x | 1175.34x | 492.29x | 265.50x | 162.55x | 75.03x | — |
| Buybacks as a share of market value | 5.7% | 3.5% | -1.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.7% | 2.9% | — |
| Operating income | -22.7% | -10.9% | — |
| Net income | -22.5% | -9.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.7% | 26.9% | 27.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 33.9 | 14.5 | 18.8 | 25.8 |
| Price to sales | 1.1 | 1.2 | 1.3 | 1.9 |
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 | 30.00 | 10.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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