P 
205
+0.99%
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
¥2.02bn
FY2016FY2025
Net income
¥95.9m
FY2016FY2025
Free cash flow
¥53.5m
FY2016FY2025
Shareholders' equity
¥520.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.02bn | ¥1.88bn | ¥1.79bn | ¥1.67bn | ¥1.58bn | ¥1.60bn | ¥2.26bn | ¥2.55bn | ¥2.45bn | ¥2.27bn |
| Gross profit | ¥785.3m | ¥772.4m | ¥783.9m | ¥744.2m | ¥684.7m | ¥637.8m | ¥922.1m | ¥1.09bn | ¥1.08bn | ¥1.20bn |
| Operating income | ¥127.5m | ¥72.3m | ¥63.6m | ¥45.8m | −¥60.4m | −¥69.9m | −¥52.7m | −¥7.6m | ¥54.3m | ¥32.3m |
| Net income | ¥95.9m | ¥73.4m | ¥45.0m | ¥49.2m | −¥280.5m | −¥103.8m | −¥65.1m | −¥122.9m | −¥21.7m | ¥27.1m |
| Diluted earnings per share | 8.92 | 6.83 | 4.18 | 4.58 | -26.09 | -9.65 | -6.05 | -11.52 | -2.00 | 2.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.40bn | ¥1.34bn | ¥1.36bn | ¥1.34bn | ¥1.40bn | ¥1.74bn | ¥1.68bn | ¥1.89bn | ¥2.08bn | ¥2.00bn |
| Cash and short-term investments | ¥803.7m | ¥824.3m | ¥878.9m | ¥822.3m | ¥853.2m | ¥1.01bn | ¥1.02bn | ¥1.28bn | ¥1.39bn | ¥1.30bn |
| Total liabilities | ¥877.1m | ¥871.7m | ¥962.2m | ¥982.3m | ¥1.05bn | ¥1.10bn | ¥937.2m | ¥1.06bn | ¥1.09bn | ¥949.0m |
| Debt | ¥580.5m | ¥595.5m | ¥650.5m | ¥705.5m | ¥755.0m | ¥800.0m | ¥615.0m | ¥638.3m | ¥681.0m | ¥652.8m |
| Shareholders' equity | ¥520.6m | ¥465.3m | ¥395.4m | ¥350.5m | ¥351.2m | ¥630.7m | ¥734.5m | ¥832.4m | ¥989.1m | ¥1.04bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥116.3m | ¥21.8m | ¥111.3m | ¥58.3m | −¥92.7m | −¥71.1m | −¥16.0m | ¥36.0m | ¥89.0m | ¥75.0m |
| Capital spending | −¥62.9m | −¥10.7m | −¥6.3m | −¥46.7m | −¥28.1m | −¥178.8m | −¥174.0m | −¥81.0m | −¥91.0m | −¥115.9m |
| Free cash flow | ¥53.5m | ¥11.1m | ¥105.0m | ¥11.6m | −¥120.8m | −¥250.0m | −¥190.0m | −¥45.0m | −¥2.0m | −¥40.9m |
| Dividends paid | −¥45.1m | — | — | — | −¥71,000 | −¥123,000 | −¥32.1m | −¥32.0m | −¥32.0m | −¥31.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥542.2m | ¥535.0m | ¥497.4m | ¥522.6m | ¥509.6m | ¥491.6m | ¥481.0m | ¥475.0m |
| Gross profit | ¥229.5m | ¥201.6m | ¥178.3m | ¥187.8m | ¥217.0m | ¥202.2m | ¥197.0m | ¥186.0m |
| Operating income | ¥44.8m | ¥20.6m | ¥8.7m | ¥30.8m | ¥51.0m | ¥37.0m | ¥17.9m | ¥19.0m |
| Net income | ¥36.9m | ¥19.0m | ¥19.1m | ¥23.9m | ¥50.4m | ¥2.5m | ¥38.0m | ¥11.5m |
| Diluted earnings per share | 3.43 | 1.76 | 1.78 | 2.22 | 4.68 | 0.23 | 3.53 | 1.07 |
| Total assets | ¥1.43bn | ¥1.46bn | ¥1.40bn | ¥1.38bn | ¥1.31bn | ¥1.28bn | ¥1.34bn | ¥1.30bn |
| Cash and short-term investments | ¥733.3m | ¥801.0m | ¥803.7m | ¥795.4m | ¥823.5m | ¥793.4m | ¥824.3m | ¥802.2m |
| Debt | ¥652.4m | ¥601.1m | ¥580.5m | ¥545.0m | ¥567.4m | ¥505.0m | ¥505.0m | ¥505.2m |
| Shareholders' equity | ¥487.1m | ¥449.9m | ¥520.6m | ¥501.8m | ¥477.2m | ¥426.7m | ¥465.3m | ¥426.3m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.9% | 41.1% | 43.9% | 44.7% | 43.3% | 39.8% |
| Operating margin | 6.2% | 3.9% | 3.8% | 4.7% | -16.3% | -4.4% |
| Net margin | 4.7% | 3.9% | 2.5% | 3.0% | -17.7% | -6.5% |
| Return on equity | 18.4% | 15.8% | 11.4% | 14.0% | -79.9% | -16.5% |
| Return on assets | 6.9% | 5.5% | 3.3% | 3.7% | -20.0% | -6.0% |
| Free cash flow yield | 7.6% | 1.4% | 5.0% | 4.5% | -2.8% | 4.6% |
| Revenue growth | 7.7% | 5.1% | 7.2% | 5.3% | -1.2% | -29.3% |
| Earnings growth | 30.6% | 63.3% | -8.7% | -117.6% | 170.4% | 59.4% |
| Current ratio | 1.43x | 1.55x | 1.56x | 1.59x | 1.58x | 1.58x |
| Debt to equity | 1.11x | 1.28x | 1.65x | 2.01x | 2.15x | 1.27x |
| Equity ratio | 37.2% | 34.8% | 29.1% | 26.2% | 25.0% | 36.3% |
| Interest coverage | 18.91x | 13.58x | 15.34x | 17.10x | -59.22x | -19.69x |
| 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 | 6.6% | 4.8% | -0.2% |
| Operating income | 40.7% | — | 3.0% |
| Net income | 24.9% | — | -1.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.0% | 42.0% | 41.8% | 44.8% |
| Operating margin | 5.1% | 4.2% | 1.7% | 1.4% |
| Net margin | 4.3% | 3.6% | -1.1% | -0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.9 | 38.7 | 77.3 | 36.0 | -6.6 | -17.3 | -33.7 | -10.8 | -108.5 | 60.8 |
| Price to sales | 1.5 | 1.5 | 1.9 | 1.1 | 1.2 | 1.1 | 1.0 | 0.5 | 1.0 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 5.20 | 4.20 | 3.00 | 3.00 | 3.00 | 3.00 | 5.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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