M 
2,455
+6.97%
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
¥36.79bn
FY2017FY2025
Net income
¥975.0m
FY2017FY2025
Free cash flow
¥3.28bn
FY2017FY2025
Shareholders' equity
¥14.80bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥36.79bn | ¥29.30bn | ¥20.53bn | ¥14.19bn | ¥10.86bn | ¥6.83bn | ¥4.77bn | ¥2.93bn | ¥1.71bn |
| Gross profit | ¥23.19bn | ¥18.92bn | ¥13.59bn | ¥9.72bn | ¥6.99bn | ¥4.67bn | ¥3.21bn | ¥1.85bn | ¥1.17bn |
| Research and development | ¥72.0m | ¥69.0m | ¥9.0m | ¥6.0m | ¥34.9m | ¥67.5m | ¥4.6m | — | — |
| Operating income | ¥2.30bn | ¥2.33bn | ¥2.70bn | ¥1.33bn | ¥780.2m | ¥413.4m | ¥153.2m | −¥101.8m | ¥30.0m |
| Net income | ¥975.0m | ¥2.80bn | ¥2.57bn | ¥1.02bn | ¥563.0m | ¥456.0m | −¥381.2m | −¥153.6m | ¥35.7m |
| Diluted earnings per share | 28.74 | 85.49 | 78.59 | 30.83 | 17.38 | 14.73 | -13.32 | -5.05 | 1.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥41.25bn | ¥45.41bn | ¥25.52bn | ¥21.81bn | ¥20.33bn | ¥15.65bn | ¥5.40bn | ¥2.31bn | ¥1.76bn |
| Cash and short-term investments | ¥8.57bn | ¥19.00bn | ¥15.35bn | ¥14.42bn | ¥14.29bn | ¥14.05bn | ¥4.48bn | ¥1.66bn | ¥1.42bn |
| Total liabilities | ¥26.45bn | ¥25.19bn | ¥7.89bn | ¥6.64bn | ¥6.28bn | ¥5.93bn | ¥2.04bn | ¥1.22bn | ¥532.9m |
| Debt | ¥16.09bn | ¥15.18bn | ¥1.66bn | ¥2.44bn | ¥3.11bn | ¥4.18bn | ¥963.4m | ¥538.6m | ¥100.0m |
| Shareholders' equity | ¥14.80bn | ¥20.21bn | ¥17.55bn | ¥15.08bn | ¥13.97bn | ¥9.72bn | ¥3.36bn | ¥1.09bn | ¥1.23bn |
| Shares outstanding | 34m | 33m | 33m | 33m | 32m | 31m | 29m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.49bn | ¥2.45bn | ¥3.87bn | ¥2.01bn | ¥1.04bn | ¥805.8m | ¥514.0m | ¥192.4m | ¥153.6m |
| Capital spending | −¥205.0m | −¥66.0m | −¥403.0m | −¥378.0m | −¥242.5m | −¥213.9m | −¥167.2m | −¥199.6m | −¥118.0m |
| Free cash flow | ¥3.28bn | ¥2.38bn | ¥3.47bn | ¥1.64bn | ¥796.4m | ¥591.9m | ¥346.8m | −¥7.2m | ¥35.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.49bn | ¥10.19bn | ¥9.25bn | ¥9.07bn | ¥10.32bn | ¥8.14bn | ¥7.66bn | ¥6.94bn |
| Gross profit | ¥8.21bn | ¥5.61bn | ¥5.79bn | ¥5.90bn | ¥6.68bn | ¥4.82bn | ¥4.93bn | ¥4.32bn |
| Operating income | ¥2.51bn | −¥67.0m | ¥538.0m | ¥150.0m | ¥1.58bn | −¥121.0m | −¥31.0m | ¥97.0m |
| Net income | ¥1.56bn | −¥62.0m | −¥139.0m | ¥467.0m | ¥722.0m | −¥75.0m | ¥474.0m | ¥315.0m |
| Diluted earnings per share | 51.30 | -2.04 | -4.10 | 13.77 | 21.29 | -2.21 | 14.48 | 9.62 |
| Total assets | ¥45.38bn | ¥43.68bn | ¥41.25bn | ¥43.10bn | ¥47.42bn | ¥48.97bn | ¥45.41bn | ¥41.13bn |
| Cash and short-term investments | ¥12.04bn | ¥10.99bn | ¥8.57bn | ¥10.53bn | ¥13.52bn | ¥14.15bn | ¥19.00bn | ¥18.76bn |
| Debt | ¥18.83bn | ¥4.79bn | ¥16.09bn | ¥3.89bn | ¥18.27bn | ¥4.60bn | ¥3.62bn | ¥3.20bn |
| Shareholders' equity | ¥14.96bn | ¥13.06bn | ¥14.80bn | ¥16.30bn | ¥18.07bn | ¥18.50bn | ¥20.21bn | ¥19.74bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.4% | 40.0% | — |
| Operating income | 19.9% | 41.0% | — |
| Net income | -1.4% | 16.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.7% | 64.9% | 65.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 82.0 | 44.9 | 56.0 | 127.5 | 136.4 | 308.3 | -97.3 |
| Price to sales | 2.2 | 4.3 | 7.0 | 9.1 | 7.1 | 20.6 | 7.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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