N 
100
+3.09%
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
¥4.47bn
FY2017FY2026
Net income
¥65.8m
FY2017FY2026
Free cash flow
¥286.7m
FY2017FY2026
Shareholders' equity
¥4.73bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.47bn | ¥4.44bn | ¥4.70bn | ¥4.21bn | ¥4.02bn | ¥4.35bn | ¥3.59bn | ¥3.41bn | ¥3.89bn | ¥4.84bn |
| Gross profit | ¥1.54bn | ¥1.64bn | ¥1.72bn | ¥1.69bn | ¥1.69bn | ¥1.75bn | ¥1.55bn | ¥1.56bn | ¥1.63bn | ¥1.96bn |
| Research and development | ¥9.8m | — | — | ¥1.8m | ¥1.0m | — | ¥26.7m | ¥50.3m | ¥87.8m | — |
| Operating income | ¥82.1m | ¥67.8m | ¥264.6m | ¥180.4m | ¥102.7m | ¥338.5m | ¥267.3m | ¥242.3m | ¥175.0m | ¥192.0m |
| Net income | ¥65.8m | ¥21.7m | ¥209.3m | ¥103.2m | ¥71.6m | ¥134.5m | ¥176.6m | ¥97.8m | ¥166.1m | ¥99.5m |
| Diluted earnings per share | 1.71 | 0.56 | 5.43 | 2.68 | 1.86 | 3.35 | 4.40 | 2.44 | 4.14 | 2.45 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.64bn | ¥5.59bn | ¥5.95bn | ¥5.72bn | ¥5.66bn | ¥6.13bn | ¥6.20bn | ¥6.04bn | ¥6.00bn | ¥6.18bn |
| Cash and short-term investments | ¥3.97bn | ¥3.86bn | ¥4.42bn | ¥4.34bn | ¥4.22bn | ¥4.74bn | ¥4.72bn | ¥4.35bn | ¥4.21bn | ¥4.17bn |
| Total liabilities | ¥744.6m | ¥696.4m | ¥884.9m | ¥791.4m | ¥771.2m | ¥950.7m | ¥873.7m | ¥822.1m | ¥790.8m | ¥957.1m |
| Debt | — | ¥17.7m | ¥182.7m | ¥183.4m | ¥207.1m | ¥230.6m | ¥257.4m | ¥280.3m | ¥305.2m | ¥308.0m |
| Shareholders' equity | ¥4.73bn | ¥4.74bn | ¥4.92bn | ¥4.79bn | ¥4.76bn | ¥5.06bn | ¥5.02bn | ¥4.92bn | ¥4.94bn | ¥4.96bn |
| Shares outstanding | 39m | 39m | 39m | 39m | 39m | 40m | 40m | 40m | 40m | 41m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥289.9m | ¥158.0m | ¥272.0m | ¥268.7m | ¥11.7m | ¥483.8m | ¥632.3m | ¥289.3m | ¥314.1m | ¥429.0m |
| Capital spending | −¥3.2m | −¥128.0m | −¥9.9m | −¥4.6m | −¥18.6m | −¥20.3m | −¥12.8m | −¥5.3m | −¥33.8m | −¥32.9m |
| Free cash flow | ¥286.7m | ¥30.0m | ¥262.1m | ¥264.1m | −¥6.9m | ¥463.5m | ¥619.5m | ¥284.0m | ¥280.3m | ¥396.1m |
| Dividends paid | −¥116.3m | −¥115.3m | −¥76.6m | −¥76.6m | −¥120.0m | −¥80.0m | −¥79.9m | −¥80.0m | −¥81.0m | −¥121.3m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥993.8m | ¥1.14bn | ¥1.14bn | ¥1.11bn | ¥1.08bn | ¥1.18bn | ¥1.11bn | ¥1.08bn |
| Gross profit | ¥325.0m | ¥423.9m | ¥359.6m | ¥382.5m | ¥378.8m | ¥445.3m | ¥423.4m | ¥390.7m |
| Operating income | −¥40.9m | ¥55.6m | ¥13.5m | ¥24.3m | −¥11.3m | ¥32.3m | ¥23.0m | ¥10.8m |
| Net income | −¥22.5m | ¥58.3m | ¥4.2m | ¥11.1m | −¥7.8m | ¥21.4m | ¥8.5m | ¥2.1m |
| Diluted earnings per share | -0.58 | 1.51 | 0.11 | 0.29 | -0.20 | 0.56 | 0.22 | 0.05 |
| Cash from operations | — | ¥289.0m | — | — | — | — | — | — |
| Capital spending | — | −¥3.0m | — | — | — | — | — | — |
| Free cash flow | — | ¥286.0m | — | — | — | — | — | — |
| Total assets | ¥5.36bn | ¥5.64bn | ¥5.59bn | ¥5.57bn | ¥5.51bn | ¥5.59bn | ¥5.62bn | ¥5.72bn |
| Cash and short-term investments | ¥3.14bn | ¥3.97bn | ¥3.80bn | ¥3.82bn | ¥3.78bn | ¥3.86bn | ¥3.67bn | ¥3.74bn |
| Debt | — | — | — | — | — | ¥5.0m | ¥23.5m | ¥150.1m |
| Shareholders' equity | ¥4.61bn | ¥4.73bn | ¥4.69bn | ¥4.71bn | ¥4.67bn | ¥4.74bn | ¥4.73bn | ¥4.77bn |
Financial ratios
Data as of 16 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 34.6% | 36.9% | 36.7% | 40.2% | 42.0% | 40.3% | — | — | — |
| Operating margin | 1.8% | 1.5% | 5.6% | 4.3% | 2.6% | 7.8% | — | — | — |
| Net margin | 1.5% | 0.5% | 4.5% | 2.5% | 1.8% | 3.1% | — | — | — |
| Return on equity | 1.4% | 0.5% | 4.3% | 2.2% | 1.5% | 2.7% | — | — | — |
| Return on assets | 1.2% | 0.4% | 3.5% | 1.8% | 1.3% | 2.2% | — | — | — |
| Free cash flow yield | 7.5% | 7.3% | 7.2% | 7.0% | 0.8% | 12.4% | — | — | — |
| Revenue growth | 0.6% | -5.4% | 11.5% | 4.7% | -7.5% | 21.1% | — | — | — |
| Earnings growth | 203.5% | -89.6% | 102.8% | 44.1% | -46.8% | -23.8% | — | — | — |
| Current ratio | 7.16x | 7.74x | 8.05x | 8.96x | 9.30x | 7.78x | — | — | — |
| Debt to equity | — | 0.00x | 0.03x | 0.04x | 0.04x | 0.05x | 0.05x | — | — |
| Equity ratio | 83.8% | 84.7% | 82.6% | 83.7% | 84.0% | 82.5% | — | — | — |
| Interest coverage | — | 58.41x | 139.72x | 83.67x | 42.62x | 126.77x | 89.97x | — | — |
| R&D as a share of sales | 0.2% | — | — | 0.0% | 0.0% | — | 0.7% | 1.5% | 2.3% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 4.0% | -0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 0.5% | -2.1% |
| Operating income | -23.1% | -24.7% | -9.4% |
| Net income | -13.9% | -13.3% | -14.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.7% | 37.0% | 38.4% | 40.2% |
| Operating margin | 1.7% | 3.3% | 4.0% | 4.5% |
| Net margin | 1.0% | 2.2% | 2.3% | 3.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 59.1 | 191.8 | 22.5 | 46.7 | 68.9 | 56.1 | 47.3 | 100.9 | 40.8 | 95.4 |
| Price to sales | 0.9 | 0.9 | 1.0 | 1.1 | 1.2 | 1.7 | 2.3 | 2.9 | 1.7 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 29 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 2.00 | 2.00 | 2.50 | 2.00 | 2.00 | 2.00 | 2.00 |
- 100-for-1 split · 27 Nov 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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