T 
255
+0.39%
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
¥5.08bn
FY2017FY2026
Net income
−¥160.5m
FY2017FY2026
Free cash flow
−¥64.9m
FY2017FY2026
Shareholders' equity
¥798.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.08bn | ¥5.44bn | ¥5.84bn | ¥6.00bn | ¥6.52bn | ¥6.79bn | ¥8.75bn | ¥9.73bn | ¥10.55bn | ¥11.40bn |
| Gross profit | ¥820.4m | ¥812.9m | ¥806.3m | ¥318.1m | −¥176.0m | −¥167.8m | ¥895.5m | ¥1.26bn | ¥1.30bn | ¥1.42bn |
| Operating income | ¥38.0m | ¥3.9m | −¥23.8m | −¥769.1m | ¥1.04bn | −¥1.54bn | −¥384.9m | ¥25.7m | −¥63.5m | ¥28.9m |
| Net income | −¥160.5m | −¥62.3m | −¥158.8m | −¥804.9m | ¥390.0m | −¥1.01bn | −¥384.5m | −¥41.9m | −¥132.5m | −¥177.9m |
| Diluted earnings per share | -21.58 | -9.99 | -31.78 | -161.08 | 78.05 | -202.89 | -76.94 | -8.39 | -26.51 | -35.61 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.22bn | ¥1.99bn | ¥2.01bn | ¥2.37bn | ¥3.24bn | ¥4.91bn | ¥5.03bn | ¥5.80bn | ¥6.14bn | ¥6.11bn |
| Cash and short-term investments | ¥531.8m | ¥175.1m | ¥277.0m | ¥386.2m | ¥979.4m | ¥389.8m | ¥785.1m | ¥1.10bn | ¥1.17bn | ¥1.08bn |
| Total liabilities | ¥1.42bn | ¥1.57bn | ¥1.56bn | ¥1.76bn | ¥1.83bn | ¥3.89bn | ¥2.99bn | ¥3.38bn | ¥3.67bn | ¥3.52bn |
| Debt | ¥374.6m | ¥456.4m | ¥349.1m | −¥42.1m | ¥310.1m | ¥1.79bn | ¥1.42bn | ¥1.56bn | ¥1.67bn | ¥1.54bn |
| Shareholders' equity | ¥798.9m | ¥416.7m | ¥451.9m | ¥610.7m | ¥1.42bn | ¥1.03bn | ¥2.04bn | ¥2.42bn | ¥2.47bn | ¥2.60bn |
| Shares outstanding | 7m | 6m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥72.9m | −¥67.1m | −¥25.4m | −¥582.5m | −¥1.52bn | −¥847.3m | −¥50.3m | ¥187.2m | ¥235.5m | −¥98.2m |
| Capital spending | −¥137.8m | −¥197.7m | −¥109.4m | −¥186.0m | −¥106.3m | −¥27.5m | −¥150.2m | −¥216.0m | −¥368.8m | −¥138.6m |
| Free cash flow | −¥64.9m | −¥264.8m | −¥134.9m | −¥768.5m | −¥1.62bn | −¥874.8m | −¥200.5m | −¥28.8m | −¥133.2m | −¥236.8m |
| Dividends paid | — | — | — | — | — | — | — | — | −¥388,000 | −¥417,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.22bn | ¥1.22bn | ¥1.31bn | ¥1.26bn | ¥1.29bn | ¥1.31bn | ¥1.46bn | ¥1.32bn |
| Gross profit | ¥167.6m | ¥217.9m | ¥228.5m | ¥184.1m | ¥189.9m | ¥235.3m | ¥247.7m | ¥179.0m |
| Operating income | −¥56.6m | ¥22.7m | ¥43.0m | −¥12.6m | −¥15.0m | ¥63.3m | ¥32.2m | −¥45.8m |
| Net income | −¥59.4m | −¥139.9m | ¥32.7m | −¥33.1m | −¥20.1m | ¥25.8m | ¥19.6m | −¥51.4m |
| Diluted earnings per share | -7.99 | -18.81 | 5.24 | -5.31 | -3.23 | 4.13 | 3.93 | -10.28 |
| Total assets | ¥2.24bn | ¥2.22bn | ¥2.24bn | ¥2.10bn | ¥2.09bn | ¥1.99bn | ¥2.10bn | ¥1.98bn |
| Cash and short-term investments | ¥519.6m | ¥531.8m | ¥344.6m | ¥315.7m | ¥275.0m | ¥175.1m | ¥199.8m | ¥153.0m |
| Debt | ¥172.5m | ¥374.6m | ¥157.0m | ¥374.7m | ¥152.5m | ¥456.4m | ¥161.2m | ¥403.5m |
| Shareholders' equity | ¥739.5m | ¥798.9m | ¥668.9m | ¥588.2m | ¥563.3m | ¥416.7m | ¥363.8m | ¥344.2m |
Financial ratios
Data as of 26 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.2% | 14.9% | 13.8% | 5.3% | -2.7% | -2.5% |
| Operating margin | -2.3% | -0.4% | -2.2% | -12.8% | 15.9% | -18.6% |
| Net margin | -3.2% | -1.1% | -2.7% | -13.4% | 6.0% | -14.9% |
| Return on equity | -20.1% | -15.0% | -35.1% | -131.8% | 27.5% | -98.9% |
| Return on assets | -7.2% | -3.1% | -7.9% | -34.0% | 12.0% | -20.6% |
| Free cash flow yield | 10.4% | 7.7% | 6.2% | -29.1% | -103.4% | -60.1% |
| Revenue growth | -6.8% | -6.8% | -2.7% | -7.9% | -3.9% | -22.4% |
| Earnings growth | 157.5% | -60.8% | -80.3% | -306.4% | -138.5% | 163.7% |
| Current ratio | 1.18x | 0.64x | 0.77x | 0.82x | 1.49x | 0.39x |
| Debt to equity | 0.47x | 1.10x | 0.77x | 0.69x | 0.22x | 1.75x |
| Equity ratio | 36.0% | 21.0% | 22.5% | 25.8% | 43.6% | 20.9% |
| Interest coverage | -7.09x | -1.95x | -15.72x | -147.47x | 163.68x | -43.29x |
| Buybacks as a share of market value | -19.2% | -24.8% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | -5.6% | -8.1% |
| Net income | -41.6% | -30.8% | -1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.5% | 12.3% | 6.8% | 9.7% |
| Operating margin | 0.4% | -3.4% | -3.5% | -2.1% |
| Net margin | -2.1% | -5.3% | -5.1% | -3.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.6 | -25.0 | -9.6 | -2.5 | 6.8 | -2.7 | -7.0 | -73.4 | -21.8 | -18.8 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2014.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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