L 
271
+1.50%
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
¥5.44bn
FY2018FY2026
Net income
¥91.0m
FY2018FY2026
Free cash flow
¥365.5m
FY2018FY2026
Shareholders' equity
¥1.41bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.44bn | ¥4.59bn | ¥4.57bn | ¥4.81bn | ¥4.07bn | ¥3.87bn | ¥3.47bn | ¥2.52bn | ¥1.91bn |
| Gross profit | ¥2.13bn | ¥2.05bn | ¥2.20bn | ¥2.27bn | ¥2.00bn | ¥1.93bn | ¥1.79bn | ¥1.49bn | ¥1.25bn |
| Research and development | — | — | — | — | — | — | ¥1.0m | ¥13.1m | ¥20.5m |
| Operating income | ¥201.3m | ¥112.2m | ¥75.5m | −¥249.8m | −¥655.5m | ¥36.7m | −¥333.1m | −¥202.4m | −¥350.8m |
| Net income | ¥91.0m | ¥176.9m | ¥111.1m | −¥238.6m | −¥672.4m | ¥37.1m | −¥353.3m | −¥17.6m | −¥354.4m |
| Diluted earnings per share | 5.27 | 10.12 | 6.63 | -15.05 | -42.65 | 2.36 | -22.56 | -1.14 | -20.52 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.66bn | ¥3.28bn | ¥3.52bn | ¥3.07bn | ¥2.84bn | ¥3.43bn | ¥3.15bn | ¥2.35bn | ¥2.38bn |
| Cash and short-term investments | ¥2.09bn | ¥1.77bn | ¥1.92bn | ¥1.35bn | ¥1.65bn | ¥2.11bn | ¥2.05bn | ¥1.73bn | ¥1.64bn |
| Total liabilities | ¥2.26bn | ¥1.93bn | ¥2.34bn | ¥2.12bn | ¥1.65bn | ¥1.60bn | ¥1.43bn | ¥1.35bn | ¥1.37bn |
| Debt | ¥791.1m | ¥592.7m | ¥661.4m | ¥415.1m | ¥415.1m | — | — | ¥150.0m | — |
| Shareholders' equity | ¥1.41bn | ¥1.36bn | ¥1.18bn | ¥957.4m | ¥1.19bn | ¥1.84bn | ¥1.71bn | ¥993.3m | ¥1.01bn |
| Shares outstanding | 17m | 17m | 17m | 16m | 16m | 16m | 16m | 16m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥371.3m | −¥37.5m | ¥316.5m | −¥324.6m | −¥313.2m | ¥241.0m | −¥353.4m | −¥156.1m | −¥100.3m |
| Capital spending | −¥5.9m | −¥37.5m | −¥95.0m | −¥149.1m | −¥167.7m | −¥94.7m | −¥11.7m | −¥15.6m | −¥13.9m |
| Free cash flow | ¥365.5m | −¥75.0m | ¥221.4m | −¥473.7m | −¥480.9m | ¥146.3m | −¥365.1m | −¥171.7m | −¥114.3m |
| Dividends paid | — | — | — | — | — | — | −¥36,000 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.37bn | ¥1.51bn | ¥1.44bn | ¥1.30bn | ¥1.18bn | ¥1.18bn | ¥1.15bn | ¥1.14bn |
| Gross profit | ¥495.3m | ¥570.0m | ¥545.4m | ¥512.0m | ¥501.1m | ¥520.4m | ¥518.0m | ¥507.0m |
| Operating income | ¥44.6m | ¥89.9m | ¥74.7m | ¥24.7m | ¥12.0m | ¥27.0m | ¥32.0m | ¥19.1m |
| Net income | ¥11.4m | ¥6.9m | ¥40.9m | ¥38.2m | ¥5.1m | ¥111.2m | ¥18.0m | ¥22.0m |
| Diluted earnings per share | 0.66 | 0.40 | 2.34 | 2.18 | 0.29 | 6.36 | 1.07 | 1.31 |
| Total assets | ¥3.32bn | ¥3.66bn | ¥3.69bn | ¥3.59bn | ¥3.33bn | ¥3.28bn | ¥3.16bn | ¥3.19bn |
| Cash and short-term investments | ¥1.99bn | ¥2.09bn | ¥2.11bn | ¥2.03bn | ¥1.84bn | ¥1.77bn | ¥1.69bn | ¥1.73bn |
| Debt | ¥133.4m | ¥791.1m | ¥155.1m | ¥847.8m | ¥87.1m | ¥592.7m | ¥67.1m | ¥626.2m |
| Shareholders' equity | ¥1.35bn | ¥1.41bn | ¥1.45bn | ¥1.41bn | ¥1.36bn | ¥1.36bn | ¥1.25bn | ¥1.23bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 39.1% | 44.8% | 48.0% | 47.2% | 49.2% | 49.8% | — | — | — |
| Operating margin | 1.8% | 2.6% | 1.5% | -4.8% | -16.1% | 0.9% | — | — | — |
| Net margin | 1.7% | 3.9% | 2.4% | -5.0% | -16.5% | 1.0% | — | — | — |
| Return on equity | 6.5% | 13.0% | 9.4% | -24.9% | -56.6% | 2.0% | — | — | — |
| Return on assets | 2.5% | 5.4% | 3.2% | -7.8% | -23.7% | 1.1% | — | — | — |
| Free cash flow yield | 7.6% | 0.0% | 8.6% | -3.9% | -3.2% | 7.4% | — | — | — |
| Revenue growth | 18.5% | 0.3% | -4.9% | 18.0% | 5.3% | 11.3% | — | — | — |
| Earnings growth | -48.5% | 59.2% | -146.6% | -64.5% | -1911.9% | -110.5% | — | — | — |
| Current ratio | 1.86x | 1.78x | 1.54x | 1.26x | 1.43x | 1.79x | — | — | — |
| Debt to equity | 0.56x | 0.44x | 0.56x | 0.43x | 0.05x | 0.00x | — | — | — |
| Equity ratio | 38.4% | 41.4% | 33.6% | 31.1% | 41.8% | 53.5% | — | — | — |
| Interest coverage | 14.09x | 28.60x | 15.19x | -66.29x | -5750.59x | 107.69x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.5% | 1.1% |
| Buybacks as a share of market value | 1.2% | -4.3% | -5.7% | -0.6% | -0.1% | -0.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.2% | 7.0% | — |
| Operating income | — | 40.5% | — |
| Net income | — | 19.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.7% | 44.6% | 46.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 52.0 | 29.6 | 34.5 | -15.7 | -5.5 | 149.3 | -32.4 | -905.9 |
| Price to sales | 0.9 | 1.1 | 0.8 | 0.8 | 0.9 | 1.4 | 3.3 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | |
|---|---|
| Paid in the year | 2.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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