B 
299
+1.36%
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
¥20.73bn
FY2017FY2025
Net income
¥1.83bn
FY2017FY2025
Free cash flow
¥3.27bn
FY2017FY2025
Shareholders' equity
¥14.92bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥20.73bn | ¥15.98bn | ¥11.68bn | ¥9.74bn | ¥9.93bn | ¥8.29bn | ¥3.85bn | ¥2.35bn | ¥1.15bn |
| Gross profit | ¥9.99bn | ¥7.17bn | ¥5.03bn | ¥4.74bn | ¥5.62bn | ¥4.99bn | ¥2.23bn | ¥1.40bn | ¥593.3m |
| Operating income | ¥1.69bn | ¥772.0m | −¥602.0m | −¥1.73bn | −¥978.0m | ¥803.2m | −¥443.2m | −¥836.0m | −¥1.26bn |
| Net income | ¥1.83bn | ¥340.0m | −¥606.0m | −¥1.73bn | −¥1.19bn | ¥584.0m | −¥459.7m | −¥854.8m | −¥1.27bn |
| Diluted earnings per share | 15.67 | 2.93 | -5.27 | -15.37 | -10.73 | 4.96 | -4.50 | -7.37 | -35.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥57.80bn | ¥46.29bn | ¥37.30bn | ¥31.28bn | ¥31.99bn | ¥28.51bn | ¥10.46bn | ¥6.95bn | ¥5.31bn |
| Cash and short-term investments | ¥26.87bn | ¥25.73bn | ¥22.23bn | ¥22.41bn | ¥24.05bn | ¥22.27bn | ¥7.20bn | ¥4.41bn | ¥4.12bn |
| Total liabilities | ¥42.68bn | ¥32.69bn | ¥24.30bn | ¥17.78bn | ¥16.89bn | ¥12.29bn | ¥7.30bn | ¥5.21bn | ¥3.75bn |
| Debt | ¥896.0m | ¥768.0m | — | ¥50.0m | — | — | — | — | — |
| Shareholders' equity | ¥14.92bn | ¥13.60bn | ¥13.00bn | ¥13.50bn | ¥15.10bn | ¥16.22bn | ¥3.16bn | ¥1.74bn | ¥1.56bn |
| Shares outstanding | 117m | 116m | 115m | 113m | 111m | 118m | 102m | 116m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.28bn | ¥3.66bn | −¥80.0m | −¥1.71bn | ¥1.78bn | ¥3.13bn | ¥870.0m | −¥400.5m | ¥228.6m |
| Capital spending | −¥12.0m | −¥26.0m | −¥53.0m | −¥28.0m | −¥21.0m | −¥34.7m | −¥25.9m | −¥86.6m | −¥31.6m |
| Free cash flow | ¥3.27bn | ¥3.63bn | −¥133.0m | −¥1.73bn | ¥1.76bn | ¥3.09bn | ¥844.1m | −¥487.1m | ¥197.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.14bn | ¥6.24bn | ¥6.68bn | ¥4.91bn | ¥4.57bn | ¥4.57bn | ¥4.68bn | ¥3.97bn |
| Gross profit | ¥3.18bn | ¥3.22bn | ¥3.46bn | ¥2.35bn | ¥2.10bn | ¥2.06bn | ¥2.14bn | ¥1.79bn |
| Operating income | ¥405.0m | ¥665.0m | ¥542.0m | ¥573.0m | ¥182.0m | ¥390.0m | −¥27.0m | ¥291.0m |
| Net income | ¥297.0m | ¥518.0m | ¥925.0m | ¥460.0m | ¥124.0m | ¥322.0m | −¥347.0m | ¥236.0m |
| Diluted earnings per share | 2.56 | 4.47 | 7.93 | 3.95 | 1.06 | 2.76 | -2.99 | 2.04 |
| Total assets | ¥52.13bn | ¥53.08bn | ¥57.80bn | ¥46.91bn | ¥42.78bn | ¥43.44bn | ¥46.29bn | ¥42.17bn |
| Cash and short-term investments | ¥22.50bn | ¥23.85bn | ¥26.87bn | ¥22.01bn | ¥19.23bn | ¥23.40bn | ¥25.73bn | ¥22.90bn |
| Debt | ¥610.0m | — | ¥896.0m | — | ¥407.0m | — | ¥41.0m | — |
| Shareholders' equity | ¥15.22bn | ¥14.96bn | ¥14.92bn | ¥13.91bn | ¥13.41bn | ¥13.13bn | ¥13.60bn | ¥13.89bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 48.2% | 44.8% | 43.1% | 48.6% | 56.6% | 60.2% | — |
| Operating margin | 8.1% | 4.8% | -5.2% | -17.8% | -9.8% | 9.7% | — |
| Net margin | 8.8% | 2.1% | -5.2% | -17.8% | -12.0% | 7.0% | — |
| Return on equity | 12.2% | 2.5% | -4.7% | -12.8% | -7.9% | 3.6% | — |
| Return on assets | 3.2% | 0.7% | -1.6% | -5.5% | -3.7% | 2.0% | — |
| Free cash flow yield | 8.4% | 9.4% | -0.1% | -4.4% | 4.8% | 8.0% | — |
| Revenue growth | 29.7% | 36.8% | 19.9% | -1.9% | 19.8% | 115.3% | — |
| Earnings growth | 437.4% | -156.1% | -65.0% | 45.1% | -304.5% | -227.0% | — |
| Current ratio | 1.27x | 1.42x | 1.52x | 1.75x | 1.87x | 2.27x | — |
| Debt to equity | 0.06x | 0.06x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 25.8% | 29.4% | 34.9% | 43.2% | 47.2% | 56.9% | — |
| Interest coverage | 120.50x | 257.33x | — | -7.22x | -326.00x | 12550.41x | -34.70x |
| Buybacks as a share of market value | -0.6% | -0.8% | -2.1% | -1.3% | 5.4% | -15.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.6% | 20.1% | — |
| Operating income | — | 16.0% | — |
| Net income | — | 25.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.7% | 46.3% | 49.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 20.4 | 110.8 | -46.3 | -15.3 | -57.4 | 393.2 | -77.9 |
| Price to sales | 1.8 | 2.4 | 2.4 | 2.7 | 6.9 | 27.7 | 9.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 5.00 |
- 5-for-1 split · 30 Mar 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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