A 
297
+3.85%
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
¥19.22bn
FY2017FY2026
Net income
−¥3.40bn
FY2017FY2026
Free cash flow
−¥4.40bn
FY2017FY2026
Shareholders' equity
¥6.79bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥19.22bn | ¥15.93bn | ¥15.12bn | ¥13.06bn | ¥9.85bn | ¥7.52bn | ¥9.42bn | ¥8.14bn | ¥7.93bn | ¥6.63bn |
| Research and development | ¥3.81bn | — | ¥1.02bn | ¥548.0m | ¥76.8m | ¥562.5m | ¥124.0m | ¥132.0m | ¥245.7m | ¥314.4m |
| Operating income | −¥2.69bn | −¥2.26bn | −¥105.6m | −¥1.71bn | −¥3.22bn | −¥2.64bn | ¥387.9m | ¥534.3m | ¥413.5m | ¥599.1m |
| Net income | −¥3.40bn | −¥5.38bn | −¥280.2m | −¥2.68bn | −¥3.05bn | −¥2.54bn | ¥493.0m | ¥377.5m | ¥246.9m | ¥314.9m |
| Diluted earnings per share | -90.43 | -143.68 | -7.45 | -71.40 | -79.96 | -64.77 | 12.65 | 9.72 | 6.38 | 8.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥17.10bn | ¥23.18bn | ¥21.56bn | ¥21.31bn | ¥29.12bn | ¥26.12bn | ¥29.12bn | ¥31.69bn | ¥31.04bn | ¥30.78bn |
| Cash and short-term investments | ¥5.41bn | ¥10.81bn | ¥10.92bn | ¥11.88bn | ¥15.24bn | ¥16.66bn | ¥19.40bn | ¥23.14bn | ¥25.73bn | ¥24.27bn |
| Total liabilities | ¥10.31bn | ¥13.13bn | ¥6.43bn | ¥4.41bn | ¥3.73bn | ¥2.89bn | ¥3.48bn | ¥1.93bn | ¥1.58bn | ¥1.52bn |
| Debt | ¥977.2m | ¥1.03bn | ¥212.0m | ¥332.3m | — | — | — | — | — | — |
| Shareholders' equity | ¥6.79bn | ¥10.05bn | ¥15.12bn | ¥16.89bn | ¥25.38bn | ¥23.22bn | ¥25.64bn | ¥29.75bn | ¥29.46bn | ¥29.26bn |
| Shares outstanding | 38m | 37m | 38m | 38m | 38m | 39m | 39m | 39m | 39m | 39m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥3.94bn | ¥1.13bn | ¥2.24bn | ¥953.7m | ¥641.9m | ¥880.7m | ¥491.5m | ¥585.6m | ¥709.8m | ¥121.2m |
| Capital spending | −¥463.5m | −¥1.56bn | −¥3.42bn | −¥2.80bn | −¥2.71bn | −¥3.25bn | −¥3.64bn | −¥1.97bn | −¥1.17bn | −¥1.06bn |
| Free cash flow | −¥4.40bn | −¥420.9m | −¥1.18bn | −¥1.84bn | −¥2.07bn | −¥2.37bn | −¥3.14bn | −¥1.38bn | −¥461.7m | −¥938.5m |
| Dividends paid | −¥7,000 | −¥1,000 | −¥25,000 | −¥74,000 | −¥332,000 | −¥121.1m | −¥116.4m | −¥1,000 | −¥5,000 | −¥9,000 |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.42bn | ¥6.16bn | ¥5.24bn | ¥4.92bn | ¥3.84bn | ¥5.22bn | ¥5.14bn | ¥2.42bn |
| Operating income | −¥770.3m | −¥9.6m | −¥659.7m | −¥39.3m | −¥1.13bn | −¥854.1m | −¥841.0m | −¥760.4m |
| Net income | −¥676.4m | ¥88.0m | −¥587.9m | −¥92.6m | −¥1.45bn | −¥1.27bn | −¥3.74bn | −¥1.15bn |
| Diluted earnings per share | -18.00 | 2.34 | -15.64 | -2.47 | -38.63 | -33.91 | -99.86 | -30.48 |
| Total assets | ¥16.75bn | ¥16.18bn | ¥17.10bn | ¥13.40bn | ¥14.61bn | ¥17.79bn | ¥23.18bn | ¥20.88bn |
| Cash and short-term investments | ¥7.06bn | ¥7.06bn | ¥5.41bn | ¥4.84bn | ¥6.29bn | ¥9.22bn | ¥10.81bn | ¥8.51bn |
| Debt | ¥112.4m | ¥118.6m | ¥126.2m | ¥124.6m | ¥71.5m | ¥75.0m | ¥69.5m | — |
| Shareholders' equity | ¥6.09bn | ¥6.78bn | ¥6.79bn | ¥7.32bn | ¥7.42bn | ¥8.78bn | ¥10.05bn | ¥13.53bn |
Financial ratios
Data as of 24 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -14.0% | -31.1% | -0.7% | -13.1% | -32.7% | -35.1% | — |
| Net margin | -17.7% | -33.8% | -1.9% | -20.6% | -30.9% | -33.8% | — |
| Return on equity | -50.1% | -53.6% | -1.9% | -15.9% | -12.0% | -10.9% | — |
| Return on assets | -19.9% | -23.2% | -1.3% | -12.6% | -10.5% | -9.7% | — |
| Free cash flow yield | -22.7% | 17.6% | 37.0% | 24.5% | 21.6% | 25.9% | — |
| Revenue growth | 20.6% | 5.4% | 15.8% | 32.5% | 31.1% | -20.2% | — |
| Earnings growth | -36.9% | 1821.4% | -89.6% | -12.0% | 20.2% | -614.6% | — |
| Current ratio | 1.48x | 1.73x | 3.62x | 4.65x | 9.09x | 8.11x | — |
| Debt to equity | 0.02x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | — |
| Equity ratio | 39.7% | 43.4% | 70.2% | 79.3% | 87.1% | 88.9% | — |
| Interest coverage | -325.54x | -85.17x | -35.55x | -468.59x | -3565.05x | -925.34x | — |
| R&D as a share of sales | 19.8% | — | 6.7% | 4.2% | 0.8% | 7.5% | 1.3% |
| Buybacks as a share of market value | -0.3% | 0.4% | -0.0% | 1.4% | 2.6% | -0.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.7% | 20.6% | 10.9% |
| Operating income | 16.3% | 0.4% | 37.1% |
| Net income | 8.2% | 6.0% | 9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.1% | -10.7% | -15.6% | -9.0% |
| Net margin | -25.0% | -18.5% | -21.5% | -14.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -4.0 | -118.3 | -11.6 | -10.3 | -10.9 | 58.1 | 98.3 | 124.2 | 145.6 |
| Price to sales | 0.7 | 1.3 | 2.2 | 2.4 | 3.2 | 3.7 | 3.0 | 4.6 | 3.9 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Jan 2020.
| FY2021 | FY2020 | FY2011 | |
|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 5.00 |
- 100-for-1 split · 29 Jul 2013
- 3-for-1 split · 23 Feb 2006
- 5-for-1 split · 26 May 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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