C 
281
+3.69%
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
¥3.71bn
FY2017FY2025
Net income
¥10.7m
FY2017FY2025
Free cash flow
¥289.9m
FY2017FY2025
Shareholders' equity
¥6.02bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.71bn | ¥4.36bn | ¥4.51bn | ¥4.27bn | ¥2.92bn | ¥1.86bn | ¥1.61bn | ¥1.21bn | ¥519.1m |
| Research and development | ¥19.1m | ¥71.0m | ¥72.5m | ¥87.6m | ¥71.2m | ¥10.8m | ¥8.0m | ¥6.9m | ¥4.1m |
| Operating income | ¥166.7m | ¥130.5m | ¥1.26bn | ¥1.57bn | ¥993.2m | ¥415.6m | ¥326.9m | ¥295.1m | ¥159.2m |
| Net income | ¥10.7m | ¥237.9m | ¥923.1m | ¥1.02bn | ¥651.4m | ¥274.1m | ¥199.6m | ¥193.4m | ¥111.4m |
| Diluted earnings per share | 0.54 | 12.01 | 47.59 | 52.97 | 33.90 | 14.30 | 11.55 | 9.72 | 5.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.11bn | ¥7.17bn | ¥6.89bn | ¥4.60bn | ¥3.37bn | ¥2.35bn | ¥1.85bn | ¥697.0m | ¥327.4m |
| Cash and short-term investments | ¥4.71bn | ¥4.32bn | ¥4.78bn | ¥3.12bn | ¥2.41bn | ¥1.76bn | ¥1.33bn | ¥252.9m | ¥129.7m |
| Total liabilities | ¥1.10bn | ¥1.13bn | ¥689.5m | ¥815.7m | ¥645.6m | ¥309.6m | ¥243.8m | ¥295.8m | ¥119.6m |
| Debt | ¥56.7m | ¥77.3m | ¥97.5m | — | ¥1.1m | ¥4.3m | ¥7.3m | — | — |
| Shareholders' equity | ¥6.02bn | ¥6.04bn | ¥6.20bn | ¥3.79bn | ¥2.72bn | ¥2.04bn | ¥1.61bn | ¥401.2m | ¥207.8m |
| Shares outstanding | 20m | 20m | 19m | 19m | 19m | 19m | 17m | 20m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥333.1m | ¥591.7m | ¥846.7m | ¥847.6m | ¥898.2m | ¥330.2m | ¥195.3m | ¥214.0m | ¥109.9m |
| Capital spending | −¥43.2m | −¥493.3m | −¥348.1m | −¥94.7m | −¥54.8m | −¥30.1m | −¥50.1m | −¥24.9m | −¥7.9m |
| Free cash flow | ¥289.9m | ¥98.5m | ¥498.6m | ¥752.9m | ¥843.4m | ¥300.2m | ¥145.2m | ¥189.1m | ¥102.1m |
| Dividends paid | −¥98.9m | −¥393.6m | — | −¥1.1m | −¥3.2m | −¥3.0m | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥781.9m | ¥915.6m | ¥860.0m | ¥893.4m | ¥997.6m | ¥971.3m | ¥849.2m | ¥1.01bn |
| Operating income | ¥53.5m | ¥66.1m | ¥59.6m | ¥43.4m | ¥106.3m | ¥79.2m | −¥62.2m | −¥259.0m |
| Net income | ¥103.3m | ¥37.6m | ¥33.6m | −¥75.6m | ¥75.1m | ¥56.6m | −¥45.5m | −¥136.3m |
| Diluted earnings per share | 5.19 | 1.89 | 1.69 | -3.82 | 3.79 | 2.86 | -2.29 | -6.88 |
| Cash from operations | — | — | — | ¥333.0m | — | — | — | — |
| Capital spending | — | — | — | −¥43.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥290.0m | — | — | — | — |
| Total assets | ¥6.95bn | ¥6.98bn | ¥6.89bn | ¥7.11bn | ¥7.31bn | ¥6.94bn | ¥6.88bn | ¥7.17bn |
| Cash and short-term investments | ¥4.73bn | ¥4.79bn | ¥4.63bn | ¥4.71bn | ¥4.63bn | ¥4.41bn | ¥4.26bn | ¥4.32bn |
| Debt | — | — | — | ¥20.9m | ¥200.0m | — | — | ¥20.6m |
| Shareholders' equity | ¥6.07bn | ¥5.99bn | ¥5.95bn | ¥6.02bn | ¥6.09bn | ¥5.95bn | ¥5.89bn | ¥6.04bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.5% | 3.0% | 27.1% | 36.8% | 34.0% | 22.4% |
| Net margin | 0.3% | 5.5% | 20.5% | 23.8% | 22.3% | 14.8% |
| Return on equity | 0.2% | 3.9% | 14.9% | 26.9% | 23.9% | 13.4% |
| Return on assets | 0.1% | 3.3% | 13.4% | 22.1% | 19.4% | 11.7% |
| Free cash flow yield | 6.1% | 17.6% | 19.8% | 15.8% | 15.9% | 6.0% |
| Revenue growth | -14.8% | -3.4% | 5.5% | 46.3% | 57.5% | 15.1% |
| Earnings growth | -95.5% | -74.2% | -9.3% | 56.3% | 137.7% | 37.3% |
| Current ratio | 12.39x | 11.48x | 12.36x | 5.01x | 4.65x | 7.02x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 84.6% | 84.2% | 90.0% | 82.3% | 80.8% | 86.8% |
| Interest coverage | 126.87x | 94.83x | 3222.96x | 142823.09x | 7303.28x | 1452.98x |
| R&D as a share of sales | 0.5% | 1.6% | 1.6% | 2.0% | 2.4% | 0.6% |
| Buybacks as a share of market value | -0.1% | -2.1% | -1.0% | 0.0% | -0.2% | -10.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | 14.9% | — |
| Operating income | -52.7% | -16.7% | — |
| Net income | -78.1% | -47.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | — | 69.3 | 26.9 | 75.6 | 160.2 | 253.2 | 108.7 |
| Price to sales | 2.1 | 3.8 | 5.5 | 18.0 | 35.7 | 37.4 | 13.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 30 Oct 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 10.00 | 20.00 |
- 3-for-1 split · 28 Oct 2021
- 3-for-1 split · 29 Oct 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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