N 
149
+0.68%
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
¥2.88bn
FY2017FY2026
Net income
−¥462.6m
FY2017FY2026
Free cash flow
−¥157.3m
FY2017FY2026
Shareholders' equity
¥760.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.88bn | ¥3.01bn | ¥2.82bn | ¥2.89bn | ¥2.92bn | ¥3.16bn | ¥3.20bn | ¥2.99bn | ¥2.59bn | ¥2.69bn |
| Gross profit | ¥652.4m | ¥782.2m | ¥722.2m | ¥774.3m | ¥837.4m | ¥875.3m | ¥836.0m | ¥911.1m | ¥774.0m | ¥733.3m |
| Research and development | — | — | — | — | — | — | — | — | — | ¥1.0m |
| Operating income | −¥284.8m | −¥76.8m | −¥144.3m | ¥37.3m | ¥53.1m | ¥47.5m | −¥138.5m | ¥29.9m | ¥39.9m | ¥32.7m |
| Net income | −¥462.6m | −¥105.9m | −¥161.7m | ¥11.7m | ¥686.7m | ¥24.4m | −¥156.0m | ¥5.5m | ¥12.7m | ¥7.2m |
| Diluted earnings per share | -36.40 | -8.34 | -12.73 | 0.92 | 54.04 | 1.92 | -12.28 | 0.43 | 1.02 | 0.58 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.05bn | ¥1.55bn | ¥1.69bn | ¥1.84bn | ¥2.10bn | ¥1.54bn | ¥1.41bn | ¥1.60bn | ¥1.51bn | ¥1.42bn |
| Cash and short-term investments | ¥289.4m | ¥453.3m | ¥595.5m | ¥639.6m | ¥1.09bn | ¥314.7m | ¥300.7m | ¥416.1m | ¥696.3m | ¥574.1m |
| Total liabilities | ¥287.2m | ¥325.2m | ¥359.3m | ¥322.1m | ¥555.4m | ¥685.0m | ¥575.5m | ¥613.5m | ¥610.9m | ¥742.1m |
| Debt | — | ¥1.9m | ¥8.6m | ¥44.4m | ¥74.6m | ¥259.1m | ¥210.7m | ¥165.7m | ¥271.3m | ¥429.4m |
| Shareholders' equity | ¥760.1m | ¥1.22bn | ¥1.33bn | ¥1.52bn | ¥1.54bn | ¥855.5m | ¥831.2m | ¥987.7m | ¥894.8m | ¥681.9m |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥136.3m | ¥2.7m | ¥105.1m | −¥346.4m | ¥314.2m | ¥72.4m | −¥55.0m | −¥24.0m | ¥109.0m | ¥56.0m |
| Capital spending | −¥21.0m | −¥62.4m | −¥79.0m | −¥34.3m | −¥90.4m | −¥96.3m | −¥22.0m | −¥28.0m | −¥9.0m | −¥18.0m |
| Free cash flow | −¥157.3m | −¥59.7m | ¥26.0m | −¥380.7m | ¥223.8m | −¥23.9m | −¥77.0m | −¥52.0m | ¥100.0m | ¥38.0m |
| Dividends paid | — | — | −¥25.4m | −¥38.1m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥688.7m | ¥822.7m | ¥699.7m | ¥698.0m | ¥655.0m | ¥830.4m | ¥757.0m | ¥731.0m |
| Gross profit | ¥146.1m | ¥169.2m | ¥176.0m | ¥190.6m | ¥117.0m | ¥251.5m | ¥231.3m | ¥163.0m |
| Operating income | −¥78.6m | −¥131.9m | −¥40.1m | −¥16.3m | −¥96.0m | ¥47.2m | ¥20.0m | −¥59.7m |
| Net income | −¥78.9m | −¥311.3m | −¥41.0m | −¥16.1m | −¥94.0m | ¥31.2m | ¥4.0m | −¥53.0m |
| Diluted earnings per share | -6.21 | -24.50 | -3.23 | -1.27 | -7.40 | 2.46 | 0.31 | -4.17 |
| Total assets | ¥917.9m | ¥1.05bn | ¥1.35bn | ¥1.41bn | ¥1.42bn | ¥1.55bn | ¥1.47bn | ¥1.47bn |
| Cash and short-term investments | ¥334.1m | ¥289.4m | ¥259.1m | ¥366.7m | ¥458.0m | ¥453.3m | ¥424.6m | ¥510.1m |
| Debt | — | — | — | — | — | ¥1.9m | ¥3.6m | ¥5.3m |
| Shareholders' equity | ¥681.2m | ¥760.1m | ¥1.07bn | ¥1.11bn | ¥1.13bn | ¥1.22bn | ¥1.19bn | ¥1.19bn |
Financial ratios
Data as of 27 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 22.7% | 26.0% | 25.6% | 26.8% | 28.7% | 27.7% | — | — | — | — | — | — | — |
| Operating margin | -9.9% | -3.3% | -5.1% | 1.3% | 31.0% | 1.5% | — | — | — | — | — | — | — |
| Net margin | -16.1% | -3.5% | -5.7% | 0.4% | 23.5% | 0.8% | — | — | — | — | — | — | — |
| Return on equity | -60.9% | -8.7% | -12.2% | 0.8% | 44.5% | 2.8% | — | — | — | — | — | — | — |
| Return on assets | -44.2% | -6.8% | -9.6% | 0.6% | 32.7% | 1.6% | — | — | — | — | — | — | — |
| Free cash flow yield | -5.2% | 3.0% | 8.4% | -14.2% | 18.4% | 7.7% | — | — | — | — | — | — | — |
| Revenue growth | -4.5% | 6.7% | -2.4% | -1.0% | -7.5% | -1.5% | — | — | — | — | — | — | — |
| Earnings growth | 336.6% | -34.5% | -1487.7% | -98.3% | 2717.0% | -115.6% | — | — | — | — | — | — | — |
| Current ratio | 2.85x | 3.24x | 3.46x | 4.95x | 3.27x | 1.77x | — | — | — | — | — | — | — |
| Debt to equity | — | 0.00x | 0.01x | 0.03x | 0.05x | 0.30x | 0.25x | — | — | — | — | — | — |
| Equity ratio | 72.6% | 79.0% | 78.7% | 82.5% | 73.5% | 55.5% | — | — | — | — | — | — | — |
| Interest coverage | -2686.66x | -164.76x | -307.19x | 33.30x | 879.88x | 25.56x | — | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.0% | 0.5% | 0.9% | 0.1% | 0.1% | 0.5% |
| 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 | -0.2% | -1.8% | -0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 25.3% | 26.3% | 27.1% |
| Operating margin | -6.1% | -4.0% | -2.1% | -1.0% |
| Net margin | -9.7% | -6.2% | -0.0% | -0.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.1 | -20.6 | -10.3 | 189.7 | 3.0 | 83.4 | -13.9 | — | 214.5 | — |
| Price to sales | 0.7 | 0.7 | 0.6 | 0.8 | 0.7 | 0.6 | 0.7 | 1.2 | 1.1 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Mar 2023.
| FY2024 | FY2023 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|
| Paid in the year | 2.00 | 3.00 | 1.25 | 2.50 | 1.25 |
- 100-for-1 split · 26 Sept 2013
- 4-for-1 split · 27 Sept 2005
- 4-for-1 split · 27 Jan 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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