D 
38
+2.70%
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
¥854.1m
FY2017FY2026
Net income
−¥2.15bn
FY2017FY2026
Free cash flow
−¥3.96bn
FY2017FY2026
Shareholders' equity
¥2.41bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥854.1m | ¥619.7m | ¥532.4m | ¥620.4m | ¥1.53bn | ¥1.83bn | ¥10.87bn | ¥8.00bn | ¥7.20bn | ¥7.00bn |
| Gross profit | ¥40.9m | ¥43.1m | ¥53.9m | ¥110.3m | ¥509.3m | ¥561.4m | ¥2.89bn | ¥2.78bn | ¥3.25bn | ¥2.80bn |
| Operating income | −¥420.0m | −¥427.2m | −¥300.4m | −¥518.1m | −¥409.1m | −¥754.7m | −¥210.5m | −¥197.3m | ¥234.3m | −¥311.3m |
| Net income | −¥2.15bn | −¥427.9m | −¥311.5m | −¥521.8m | −¥417.8m | −¥905.6m | −¥472.4m | −¥523.9m | ¥192.3m | −¥561.1m |
| Diluted earnings per share | -29.67 | -6.25 | -10.63 | -17.81 | -16.77 | -36.34 | -21.09 | -26.19 | 9.62 | -29.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.58bn | ¥429.9m | ¥841.2m | ¥622.1m | ¥1.48bn | ¥2.16bn | ¥3.14bn | ¥4.35bn | ¥3.57bn | ¥3.51bn |
| Cash and short-term investments | ¥437.2m | ¥183.0m | ¥656.2m | ¥486.1m | ¥891.4m | ¥1.82bn | ¥1.50bn | ¥2.08bn | ¥1.88bn | ¥2.31bn |
| Total liabilities | ¥164.4m | ¥121.1m | ¥104.4m | ¥73.6m | ¥410.3m | ¥680.7m | ¥1.86bn | ¥2.60bn | ¥2.30bn | ¥2.44bn |
| Debt | — | — | — | ¥4.3m | ¥15.9m | ¥63.2m | ¥205.9m | ¥483.9m | ¥643.6m | ¥818.1m |
| Shareholders' equity | ¥2.41bn | ¥308.8m | ¥736.9m | ¥548.5m | ¥1.07bn | ¥1.48bn | ¥1.22bn | ¥1.70bn | ¥1.22bn | ¥1.02bn |
| Shares outstanding | 73m | 68m | 29m | 29m | 25m | 25m | 22m | 20m | 20m | 19m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥654.4m | −¥442.0m | −¥266.3m | −¥421.8m | −¥593.1m | −¥731.4m | −¥248.0m | −¥105.1m | −¥84.0m | −¥283.4m |
| Capital spending | −¥3.31bn | −¥41.7m | −¥266.3m | −¥2.2m | −¥2.7m | −¥20.3m | −¥15.8m | −¥6.9m | −¥20.6m | −¥2.7m |
| Free cash flow | −¥3.96bn | −¥483.6m | −¥532.7m | −¥424.0m | −¥595.7m | −¥751.7m | −¥263.8m | −¥112.1m | −¥104.6m | −¥286.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥224.9m | ¥253.3m | ¥227.6m | ¥189.5m | ¥183.8m | ¥168.0m | ¥162.3m | ¥153.3m |
| Gross profit | −¥9.4m | ¥43.6m | ¥19.6m | −¥13.8m | −¥13.6m | −¥6.9m | ¥28.3m | ¥17.8m |
| Operating income | −¥148.1m | −¥73.4m | −¥94.6m | −¥122.0m | −¥131.1m | −¥160.1m | −¥82.1m | −¥90.4m |
| Net income | −¥511.1m | −¥809.3m | −¥1.05bn | −¥151.1m | −¥144.8m | −¥159.8m | −¥82.1m | −¥91.8m |
| Diluted earnings per share | -7.04 | -11.15 | -15.32 | -2.21 | -2.11 | -2.33 | -2.80 | -3.13 |
| Cash from operations | — | — | — | −¥754.0m | — | −¥226.0m | — | — |
| Total assets | ¥2.07bn | ¥2.58bn | ¥3.09bn | ¥3.50bn | ¥595.2m | ¥429.9m | ¥579.8m | ¥638.7m |
| Cash and short-term investments | ¥313.1m | ¥437.2m | ¥499.5m | ¥2.25bn | ¥346.3m | ¥183.0m | ¥342.7m | ¥408.2m |
| Debt | — | — | — | — | ¥38.1m | — | — | — |
| Shareholders' equity | ¥1.90bn | ¥2.41bn | ¥2.93bn | ¥3.36bn | ¥411.7m | ¥308.8m | ¥468.8m | ¥550.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.2% | -14.1% | -19.6% |
| Operating income | -6.8% | -11.1% | 9.1% |
| Net income | 60.4% | 18.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.7% | 9.5% | 22.0% | 34.3% |
| Operating margin | -57.5% | -63.4% | -47.3% | -7.5% |
| Net margin | -175.2% | -130.0% | -79.2% | -13.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -10.6 | -8.0 | -5.4 | -6.3 | -6.0 | -9.8 | -17.1 | 23.6 | -20.5 |
| Price to sales | 3.2 | 7.3 | 4.7 | 4.5 | 1.7 | 3.0 | 0.4 | 1.1 | 0.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2006.
| FY2006 | |
|---|---|
| Paid in the year | 20.00 |
- 100-for-1 split · 26 Sept 2013
- 5-for-1 split · 27 Sept 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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