H 
2,340
+5.83%
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
¥10.92bn
FY2017FY2025
Net income
¥1.36bn
FY2017FY2025
Free cash flow
¥2.70bn
FY2017FY2025
Shareholders' equity
¥3.89bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.92bn | ¥8.36bn | ¥6.78bn | ¥5.65bn | ¥4.84bn | ¥4.15bn | ¥3.43bn | ¥2.83bn | ¥2.23bn |
| Gross profit | ¥9.45bn | ¥7.04bn | ¥5.68bn | ¥4.77bn | ¥4.02bn | ¥3.42bn | ¥2.82bn | ¥2.20bn | ¥1.64bn |
| Research and development | ¥515.9m | ¥401.0m | ¥334.9m | ¥259.3m | ¥225.3m | ¥211.0m | ¥209.8m | ¥144.1m | ¥80.9m |
| Operating income | ¥1.79bn | ¥1.01bn | ¥707.7m | ¥462.3m | ¥380.1m | ¥538.6m | ¥187.2m | ¥202.1m | ¥152.0m |
| Net income | ¥1.36bn | ¥827.4m | ¥508.8m | ¥321.2m | ¥223.8m | ¥355.0m | ¥109.9m | ¥123.3m | ¥172.4m |
| Diluted earnings per share | 42.80 | 25.70 | 15.76 | 9.91 | 6.89 | 10.93 | 3.53 | 3.93 | 5.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.74bn | ¥8.29bn | ¥6.29bn | ¥5.21bn | ¥4.49bn | ¥4.24bn | ¥2.60bn | ¥2.32bn | ¥1.76bn |
| Cash and short-term investments | ¥7.32bn | ¥6.33bn | ¥4.59bn | ¥4.05bn | ¥3.39bn | ¥2.87bn | ¥1.87bn | ¥1.80bn | ¥1.31bn |
| Total liabilities | ¥6.90bn | ¥5.30bn | ¥3.88bn | ¥3.11bn | ¥2.65bn | ¥2.42bn | ¥1.91bn | ¥1.73bn | ¥1.31bn |
| Debt | ¥148.1m | — | ¥2.79bn | ¥2.31bn | ¥1.93bn | ¥1.61bn | ¥1.36bn | −¥1.17bn | −¥898.2m |
| Shareholders' equity | ¥3.89bn | ¥2.99bn | ¥2.42bn | ¥2.09bn | ¥1.84bn | ¥1.82bn | ¥691.3m | ¥583.5m | ¥450.6m |
| Shares outstanding | 32m | 32m | 32m | 32m | 33m | 32m | 31m | 31m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.73bn | ¥1.93bn | ¥1.23bn | ¥776.7m | ¥526.9m | ¥774.2m | ¥227.0m | ¥536.0m | ¥516.8m |
| Capital spending | −¥30.9m | −¥61.4m | −¥88.6m | −¥28.5m | −¥21.7m | −¥113.1m | −¥37.3m | −¥13.9m | −¥64.0m |
| Free cash flow | ¥2.70bn | ¥1.87bn | ¥1.14bn | ¥748.2m | ¥505.2m | ¥661.0m | ¥189.7m | ¥522.2m | ¥452.8m |
| Dividends paid | −¥96.3m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.26bn | ¥3.11bn | ¥3.02bn | ¥2.91bn | ¥2.81bn | ¥2.69bn | ¥2.51bn | ¥2.30bn |
| Gross profit | ¥2.79bn | ¥2.71bn | ¥2.61bn | ¥2.54bn | ¥2.43bn | ¥2.33bn | ¥2.15bn | ¥1.94bn |
| Operating income | ¥586.2m | ¥738.3m | ¥529.6m | ¥213.6m | ¥460.9m | ¥590.5m | ¥528.5m | ¥97.2m |
| Net income | ¥477.1m | ¥518.3m | ¥366.0m | ¥300.7m | ¥266.2m | ¥385.6m | ¥406.0m | ¥103.3m |
| Diluted earnings per share | 15.21 | 16.52 | 11.53 | 9.47 | 8.39 | 12.15 | 12.61 | 3.21 |
| Cash from operations | — | — | — | — | — | ¥349.0m | — | — |
| Capital spending | — | — | — | — | — | −¥21.0m | — | — |
| Free cash flow | — | — | — | — | — | ¥328.0m | — | — |
| Total assets | ¥12.15bn | ¥9.83bn | ¥9.16bn | ¥10.74bn | ¥10.30bn | ¥8.97bn | ¥8.27bn | ¥8.29bn |
| Cash and short-term investments | ¥7.83bn | ¥6.09bn | ¥5.46bn | ¥7.32bn | ¥7.03bn | ¥5.59bn | ¥5.50bn | ¥6.33bn |
| Debt | — | ¥159.1m | — | ¥148.1m | — | — | — | — |
| Shareholders' equity | ¥4.28bn | ¥3.85bn | ¥3.28bn | ¥3.89bn | ¥3.54bn | ¥3.73bn | ¥3.31bn | ¥2.98bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 86.5% | 84.1% | 83.8% | 84.5% | 83.0% | 82.3% | — | — |
| Operating margin | 16.4% | 12.1% | 10.4% | 8.2% | 7.8% | 13.0% | — | — |
| Net margin | 12.4% | 9.9% | 7.5% | 5.7% | 4.6% | 8.5% | — | — |
| Return on equity | 34.9% | 27.7% | 21.1% | 15.4% | 12.1% | 19.5% | — | — |
| Return on assets | 12.6% | 10.0% | 8.1% | 6.2% | 5.0% | 8.4% | — | — |
| Free cash flow yield | 4.9% | 3.5% | 2.3% | 1.4% | 0.9% | 1.5% | — | — |
| Revenue growth | 30.6% | 23.5% | 20.0% | 16.5% | 16.7% | 21.2% | — | — |
| Earnings growth | 64.2% | 62.6% | 58.4% | 43.5% | -36.9% | 223.0% | — | — |
| Current ratio | 1.24x | 1.36x | 1.35x | 1.51x | 1.47x | 1.42x | — | — |
| Debt to equity | 0.04x | 0.00x | 1.16x | 1.10x | 1.05x | 0.88x | — | — |
| Equity ratio | 36.2% | 36.0% | 38.4% | 40.2% | 41.0% | 43.0% | — | — |
| Interest coverage | 616.31x | — | — | 9836.19x | 7.46x | 8.52x | 19.28x | 684.92x |
| R&D as a share of sales | 4.7% | 4.8% | 4.9% | 4.6% | 4.6% | 5.1% | — | — |
| Buybacks as a share of market value | 1.4% | 0.3% | 0.3% | 0.3% | -0.1% | -4.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.6% | 21.3% | — |
| Operating income | 57.1% | 27.2% | — |
| Net income | 61.7% | 30.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 85.4% | 84.9% | 84.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 29.8 | 48.7 | 76.6 | 95.0 | 281.5 | 380.6 | 271.5 |
| Price to sales | 3.7 | 4.8 | 5.8 | 5.4 | 13.0 | 32.5 | 8.7 |
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 | 3.00 |
- 2-for-1 split · 29 Dec 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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