W 
277
-1.07%
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
¥9.91bn
FY2017FY2026
Net income
¥227.2m
FY2017FY2026
Free cash flow
−¥1.05bn
FY2017FY2026
Shareholders' equity
¥12.01bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.91bn | ¥7.79bn | ¥7.74bn | ¥8.66bn | ¥8.38bn | ¥8.89bn | ¥10.92bn | ¥10.74bn | ¥10.90bn | ¥10.83bn |
| Gross profit | ¥4.73bn | ¥3.62bn | ¥3.54bn | ¥4.11bn | ¥4.36bn | ¥4.49bn | ¥6.19bn | ¥6.12bn | ¥6.08bn | ¥5.86bn |
| Research and development | — | ¥419.1m | ¥513.3m | ¥580.5m | ¥594.0m | ¥641.5m | ¥1.73bn | ¥1.61bn | ¥1.38bn | ¥1.14bn |
| Operating income | ¥255.5m | −¥457.8m | −¥195.5m | ¥142.0m | ¥285.4m | −¥754.9m | −¥996.3m | −¥391.0m | ¥177.3m | ¥87.3m |
| Net income | ¥227.2m | ¥64.4m | ¥109.0m | ¥138.3m | ¥238.5m | −¥601.9m | −¥1.66bn | −¥181.3m | ¥126.0m | ¥94.7m |
| Diluted earnings per share | 6.55 | 1.86 | 3.14 | 3.98 | 6.87 | -17.34 | -47.73 | -5.22 | 3.63 | 2.73 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥16.50bn | ¥15.00bn | ¥15.42bn | ¥15.71bn | ¥14.95bn | ¥14.57bn | ¥15.98bn | ¥18.18bn | ¥17.85bn | ¥17.89bn |
| Cash and short-term investments | ¥2.01bn | ¥2.95bn | ¥3.66bn | ¥3.88bn | ¥3.23bn | ¥2.84bn | ¥2.88bn | ¥3.26bn | ¥3.85bn | ¥3.61bn |
| Total liabilities | ¥4.49bn | ¥3.39bn | ¥3.39bn | ¥3.80bn | ¥3.47bn | ¥3.19bn | ¥4.04bn | ¥4.42bn | ¥3.75bn | ¥3.99bn |
| Debt | ¥400.0m | ¥100.0m | ¥130.7m | ¥529,000 | ¥2.6m | ¥2.6m | ¥3.7m | ¥5.3m | ¥42.1m | ¥208.5m |
| Shareholders' equity | ¥12.01bn | ¥11.61bn | ¥12.03bn | ¥11.91bn | ¥11.48bn | ¥11.39bn | ¥11.95bn | ¥13.76bn | ¥14.11bn | ¥13.90bn |
| Shares outstanding | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥486.9m | −¥592.5m | −¥107.3m | ¥631.9m | ¥339.2m | ¥163.4m | −¥155.1m | −¥114.5m | ¥555.7m | ¥1.10bn |
| Capital spending | −¥564.5m | −¥450.1m | −¥555.7m | −¥211.2m | −¥368.1m | −¥482.3m | −¥207.3m | −¥596.3m | −¥426.0m | −¥348.5m |
| Free cash flow | −¥1.05bn | −¥1.04bn | −¥663.0m | ¥420.8m | −¥29.0m | −¥318.8m | −¥362.3m | −¥710.8m | ¥129.7m | ¥749.7m |
| Dividends paid | −¥104.0m | −¥103.3m | −¥103.9m | −¥480,000 | −¥498,000 | −¥511,000 | −¥612,000 | −¥103.6m | −¥103.7m | −¥103.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.43bn | ¥2.60bn | ¥2.93bn | ¥2.21bn | ¥2.17bn | ¥1.98bn | ¥2.00bn | ¥1.93bn |
| Gross profit | ¥952.8m | ¥1.22bn | ¥1.51bn | ¥975.9m | ¥1.02bn | ¥922.7m | ¥931.7m | ¥839.6m |
| Operating income | −¥136.4m | ¥67.7m | ¥383.5m | −¥52.4m | −¥143.3m | −¥116.2m | −¥64.9m | −¥187.3m |
| Net income | ¥6.7m | ¥12.2m | ¥349.1m | −¥25.6m | −¥108.5m | ¥83.6m | ¥122.6m | −¥130.4m |
| Diluted earnings per share | 0.19 | 0.35 | 10.06 | -0.74 | -3.12 | 2.41 | 3.53 | -3.76 |
| Cash from operations | — | — | — | −¥572.0m | — | — | — | — |
| Capital spending | — | — | — | −¥351.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥923.0m | — | — | — | — |
| Total assets | ¥15.86bn | ¥16.50bn | ¥15.84bn | ¥14.88bn | ¥14.72bn | ¥15.00bn | ¥15.10bn | ¥15.26bn |
| Cash and short-term investments | ¥1.92bn | ¥2.01bn | ¥1.67bn | ¥1.91bn | ¥2.40bn | ¥2.95bn | ¥3.30bn | ¥3.62bn |
| Debt | ¥157.7m | ¥400.0m | ¥100.0m | ¥100.0m | ¥100.0m | ¥100.0m | ¥100.0m | ¥100.0m |
| Shareholders' equity | ¥11.72bn | ¥12.01bn | ¥12.09bn | ¥11.59bn | ¥11.42bn | ¥11.61bn | ¥11.89bn | ¥11.95bn |
Financial ratios
Data as of 3 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 47.7% | 46.5% | 45.8% | 47.4% | 52.0% | 50.5% | — |
| Operating margin | 2.6% | -5.9% | 2.1% | 1.6% | 3.4% | -8.5% | — |
| Net margin | 2.3% | 0.8% | 1.4% | 1.6% | 2.8% | -6.8% | — |
| Return on equity | 1.9% | 0.6% | 0.9% | 1.2% | 2.1% | -5.3% | — |
| Return on assets | 1.4% | 0.4% | 0.7% | 0.9% | 1.6% | -4.1% | — |
| Free cash flow yield | 0.8% | -1.4% | 4.4% | 8.3% | 7.0% | 6.4% | — |
| Revenue growth | 27.2% | 0.7% | -10.6% | 3.3% | -5.8% | -18.5% | — |
| Earnings growth | 252.6% | -40.9% | -21.2% | -42.0% | -139.6% | -63.7% | — |
| Current ratio | 3.48x | 4.38x | 4.96x | 4.18x | 4.29x | 4.46x | — |
| Debt to equity | 0.03x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — |
| Equity ratio | 72.8% | 77.4% | 78.0% | 75.8% | 76.8% | 78.1% | — |
| Interest coverage | 134.85x | -519.04x | 300.17x | 245.70x | 496.41x | -1326.80x | — |
| R&D as a share of sales | — | 5.4% | 6.6% | 6.7% | 7.1% | 7.2% | 15.8% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | 2.2% | -1.2% |
| Operating income | 21.6% | — | 11.9% |
| Net income | 18.0% | — | 27.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.2% | 46.9% | 48.4% | 52.3% |
| Operating margin | -1.1% | -0.8% | -1.4% | -1.7% |
| Net margin | 1.6% | 1.6% | 0.3% | -1.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 45.4 | 154.0 | 71.3 | 53.5 | 32.3 | -18.0 | -5.1 | -52.6 | 77.7 | 101.8 |
| Price to sales | 1.0 | 1.3 | 1.0 | 0.8 | 0.9 | 1.2 | 0.8 | 0.9 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
- 1.1-for-1 split · 26 Sept 1995
- 11-for-10 split · 28 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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