O 
7,100
-4.05%
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
¥28.5m
FY2016FY2025
Net income
−¥2.06bn
FY2016FY2025
Free cash flow
−¥1.94bn
FY2016FY2025
Shareholders' equity
¥4.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥28.5m | ¥31.4m | ¥63.0m | ¥976.2m | ¥642.5m | ¥314.2m | ¥1.30bn | ¥168.5m | ¥229.1m | ¥178.3m |
| Research and development | ¥1.47bn | ¥1.09bn | ¥1.35bn | ¥947.5m | ¥825.5m | ¥987.2m | ¥562.7m | ¥605.8m | ¥570.5m | ¥360.9m |
| Operating income | −¥2.02bn | −¥1.68bn | −¥1.93bn | −¥1.20bn | −¥1.45bn | −¥1.67bn | −¥511.5m | −¥1.25bn | −¥1.08bn | −¥861.3m |
| Net income | −¥2.06bn | −¥1.68bn | −¥1.94bn | −¥1.15bn | −¥1.62bn | −¥2.10bn | −¥912.3m | −¥1.23bn | −¥1.09bn | −¥931.4m |
| Diluted earnings per share | -80.00 | -68.69 | -102.19 | -66.32 | -99.13 | -133.63 | -63.67 | -92.18 | -98.39 | -99.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.56bn | ¥3.20bn | ¥2.04bn | ¥2.65bn | ¥4.29bn | ¥2.80bn | ¥4.38bn | ¥3.43bn | ¥3.53bn | ¥3.14bn |
| Cash and short-term investments | ¥3.72bn | ¥2.41bn | ¥1.53bn | ¥1.71bn | ¥3.45bn | ¥2.07bn | ¥3.34bn | ¥2.46bn | ¥2.87bn | ¥2.56bn |
| Total liabilities | ¥555.9m | ¥446.6m | ¥566.5m | ¥491.7m | ¥697.9m | ¥793.1m | ¥926.0m | ¥529.0m | ¥594.3m | ¥522.9m |
| Debt | ¥320.0m | ¥324.6m | ¥315.2m | ¥393.7m | ¥503.5m | ¥525.1m | ¥528.2m | ¥401.6m | ¥454.7m | ¥388.4m |
| Shareholders' equity | ¥4.00bn | ¥2.75bn | ¥1.47bn | ¥2.16bn | ¥3.59bn | ¥2.00bn | ¥3.45bn | ¥2.90bn | ¥2.93bn | ¥2.62bn |
| Shares outstanding | 26m | 25m | 19m | 17m | 16m | 16m | 14m | 13m | 11m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥1.94bn | −¥2.02bn | −¥1.34bn | −¥1.72bn | −¥1.74bn | −¥1.47bn | −¥238.2m | −¥1.19bn | −¥1.10bn | −¥903.4m |
| Capital spending | −¥3.0m | −¥3.5m | −¥5.7m | −¥1.4m | −¥1.4m | −¥2.7m | −¥4.3m | −¥1.6m | −¥1.4m | −¥21.0m |
| Free cash flow | −¥1.94bn | −¥2.02bn | −¥1.34bn | −¥1.72bn | −¥1.74bn | −¥1.47bn | −¥242.5m | −¥1.19bn | −¥1.10bn | −¥924.4m |
| Dividends paid | — | — | — | — | −¥97.4m | −¥96.9m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥500.0m | ¥3.1m | — | — | ¥28.5m | — | — | — |
| Operating income | −¥346.9m | −¥420.7m | −¥453.0m | −¥303.9m | −¥481.9m | −¥785.2m | −¥451.3m | −¥436.8m |
| Net income | −¥347.7m | −¥414.5m | −¥441.0m | −¥303.8m | −¥501.6m | −¥811.7m | −¥438.1m | −¥491.8m |
| Diluted earnings per share | -11.87 | -14.15 | -17.14 | -11.81 | -19.50 | -31.55 | -17.86 | -20.05 |
| Cash from operations | — | — | −¥1.94bn | — | — | — | — | — |
| Capital spending | — | — | −¥3.0m | — | — | — | — | — |
| Free cash flow | — | — | −¥1.94bn | — | — | — | — | — |
| Total assets | ¥4.51bn | ¥4.53bn | ¥4.56bn | ¥2.19bn | ¥1.93bn | ¥2.31bn | ¥3.20bn | ¥2.40bn |
| Cash and short-term investments | ¥3.19bn | ¥3.54bn | ¥3.72bn | ¥1.35bn | ¥1.39bn | ¥1.74bn | ¥2.41bn | ¥1.64bn |
| Debt | ¥793.9m | ¥672.6m | ¥310.3m | ¥249.2m | ¥351.9m | ¥126.9m | ¥138.0m | ¥138.7m |
| Shareholders' equity | ¥3.26bn | ¥3.59bn | ¥4.00bn | ¥1.77bn | ¥1.44bn | ¥1.94bn | ¥2.75bn | ¥1.96bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -69.2% | -38.1% | -13.5% |
| Operating income | 18.9% | 3.9% | 7.8% |
| Net income | 21.4% | -0.4% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6183.0% | -622.3% | -484.9% | -360.4% |
| Net margin | -6245.3% | -621.4% | -512.7% | -383.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.3 | -7.5 | -5.5 | -8.0 | -5.3 | -11.3 | -30.2 | -11.2 | -7.9 | -10.8 |
| Price to sales | — | 404.8 | 170.6 | 9.3 | 13.4 | 75.0 | 21.1 | 82.1 | 37.8 | 56.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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