F 
1,835
+3.21%
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
¥51.68bn
FY2016FY2025
Net income
¥3.00bn
FY2016FY2025
Free cash flow
¥3.82bn
FY2016FY2025
Shareholders' equity
¥46.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥51.68bn | ¥46.14bn | ¥40.89bn | ¥35.43bn | ¥33.99bn | ¥33.79bn | ¥36.28bn | ¥37.91bn | ¥35.39bn | ¥34.23bn |
| Gross profit | ¥19.29bn | ¥16.51bn | ¥15.37bn | ¥13.62bn | ¥14.13bn | ¥14.25bn | ¥15.18bn | ¥15.21bn | ¥14.00bn | ¥12.82bn |
| Research and development | ¥3.34bn | ¥3.40bn | ¥3.18bn | ¥2.48bn | ¥2.45bn | ¥3.06bn | ¥2.05bn | ¥1.76bn | ¥1.82bn | ¥1.84bn |
| Operating income | ¥4.99bn | ¥3.88bn | ¥3.86bn | ¥3.78bn | ¥3.40bn | ¥3.14bn | ¥4.17bn | ¥4.43bn | ¥4.35bn | ¥3.57bn |
| Net income | ¥3.00bn | ¥6.15bn | ¥3.44bn | ¥2.70bn | ¥2.43bn | ¥2.08bn | ¥2.96bn | ¥3.37bn | ¥3.30bn | ¥2.12bn |
| Diluted earnings per share | 122.67 | 252.73 | 141.33 | 111.01 | 100.13 | 66.91 | 95.08 | 112.69 | 110.28 | 70.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥93.63bn | ¥90.58bn | ¥86.40bn | ¥75.54bn | ¥64.24bn | ¥61.96bn | ¥60.74bn | ¥53.12bn | ¥49.55bn | ¥48.15bn |
| Cash and short-term investments | ¥7.25bn | ¥4.58bn | ¥2.32bn | ¥3.55bn | ¥10.20bn | ¥12.04bn | ¥8.49bn | ¥6.25bn | ¥5.50bn | ¥6.82bn |
| Total liabilities | ¥46.72bn | ¥45.01bn | ¥45.22bn | ¥39.73bn | ¥31.56bn | ¥22.00bn | ¥21.37bn | ¥17.77bn | ¥16.95bn | ¥18.92bn |
| Debt | ¥30.94bn | ¥29.25bn | ¥28.95bn | ¥24.69bn | ¥18.82bn | ¥12.35bn | ¥11.07bn | ¥5.24bn | ¥5.04bn | ¥7.09bn |
| Shareholders' equity | ¥46.91bn | ¥45.56bn | ¥41.17bn | ¥35.80bn | ¥32.68bn | ¥39.96bn | ¥39.36bn | ¥35.35bn | ¥32.60bn | ¥29.22bn |
| Shares outstanding | 24m | 24m | 24m | 24m | 24m | 31m | 31m | 30m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.80bn | ¥4.15bn | ¥1.92bn | −¥658.0m | ¥5.99bn | ¥5.77bn | ¥7.04bn | ¥3.77bn | ¥3.24bn | ¥4.51bn |
| Capital spending | −¥1.98bn | −¥2.78bn | −¥3.90bn | −¥12.42bn | −¥3.90bn | −¥2.62bn | −¥1.70bn | −¥1.45bn | −¥1.48bn | −¥2.31bn |
| Free cash flow | ¥3.82bn | ¥1.37bn | −¥1.98bn | −¥13.08bn | ¥2.10bn | ¥3.15bn | ¥5.33bn | ¥2.33bn | ¥1.76bn | ¥2.20bn |
| Dividends paid | −¥1.04bn | −¥972.0m | −¥899.0m | −¥729.0m | −¥807.0m | −¥904.0m | −¥839.0m | −¥794.0m | −¥704.0m | −¥674.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.67bn | ¥13.82bn | ¥15.90bn | ¥14.72bn | ¥12.86bn | ¥11.10bn | ¥13.00bn | ¥12.98bn |
| Gross profit | ¥5.33bn | ¥5.51bn | ¥6.82bn | ¥6.01bn | ¥4.86bn | ¥4.58bn | ¥5.21bn | ¥5.25bn |
| Operating income | ¥995.0m | ¥1.61bn | ¥2.79bn | ¥1.62bn | ¥1.06bn | ¥1.05bn | ¥1.25bn | ¥1.66bn |
| Net income | ¥1.11bn | ¥389.0m | ¥324.0m | ¥1.17bn | ¥543.0m | ¥296.0m | ¥991.0m | ¥1.24bn |
| Diluted earnings per share | 42.38 | 14.89 | 13.25 | 47.84 | 22.20 | 12.10 | 40.74 | 50.86 |
| Cash from operations | — | — | — | ¥5.80bn | — | — | — | — |
| Capital spending | — | — | — | −¥1.98bn | — | — | — | — |
| Free cash flow | — | — | — | ¥3.82bn | — | — | — | — |
| Total assets | ¥98.43bn | ¥97.94bn | ¥95.08bn | ¥93.63bn | ¥93.51bn | ¥92.67bn | ¥94.26bn | ¥90.58bn |
| Cash and short-term investments | ¥9.95bn | ¥10.89bn | ¥3.39bn | ¥7.25bn | ¥6.91bn | ¥6.70bn | ¥3.70bn | ¥4.58bn |
| Debt | ¥17.79bn | ¥25.79bn | ¥18.12bn | ¥26.82bn | ¥17.97bn | ¥27.95bn | ¥24.62bn | ¥22.97bn |
| Shareholders' equity | ¥51.88bn | ¥51.36bn | ¥47.95bn | ¥46.91bn | ¥45.52bn | ¥45.73bn | ¥47.76bn | ¥45.56bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.3% | 35.8% | 37.6% | 38.4% | 41.6% | 42.2% |
| Operating margin | 9.7% | 8.4% | 9.4% | 10.7% | 10.0% | 9.3% |
| Net margin | 5.8% | 13.3% | 8.4% | 7.6% | 7.2% | 6.2% |
| Return on equity | 6.4% | 13.5% | 8.3% | 7.5% | 7.4% | 5.2% |
| Return on assets | 3.2% | 6.8% | 4.0% | 3.6% | 3.8% | 3.4% |
| Free cash flow yield | 18.1% | 16.2% | 13.6% | 27.6% | 23.2% | 15.3% |
| Revenue growth | 12.0% | 12.8% | 15.4% | 4.2% | 0.6% | -6.9% |
| Earnings growth | -51.2% | 79.0% | 27.4% | 10.9% | 16.6% | -29.6% |
| Current ratio | 1.55x | 1.19x | 1.31x | 1.45x | 1.73x | 3.18x |
| Debt to equity | 0.57x | 0.54x | 0.62x | 0.62x | 0.49x | 0.27x |
| Equity ratio | 50.1% | 50.3% | 47.7% | 47.4% | 50.9% | 64.5% |
| Interest coverage | 15.12x | 19.80x | 31.89x | 49.06x | 64.19x | 84.86x |
| R&D as a share of sales | 6.5% | 7.4% | 7.8% | 7.0% | 7.2% | 9.1% |
| Buybacks as a share of market value | -0.5% | -0.1% | -0.0% | -0.0% | 22.1% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.4% | 8.9% | 5.0% |
| Operating income | 9.7% | 9.7% | 4.4% |
| Net income | 3.6% | 7.5% | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.6% | 37.2% | 38.5% | 39.0% |
| Operating margin | 9.1% | 9.5% | 9.5% | 10.3% |
| Net margin | 9.4% | 8.8% | 8.2% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.4 | 6.3 | 12.3 | 9.2 | 10.3 | 18.6 | 14.1 | 15.7 | 19.7 | 19.1 |
| Price to sales | 0.9 | 0.8 | 1.0 | 0.7 | 0.7 | 1.1 | 1.1 | 1.4 | 1.8 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 29 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 69.50 | 42.50 | 40.00 | 37.00 | 30.00 | 29.00 | 29.00 | 28.00 |
- 2-for-1 split · 27 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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