S 
350
+1.45%
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
¥323.4m
FY2019FY2026
Net income
−¥780.9m
FY2019FY2026
Free cash flow
−¥345.3m
FY2019FY2026
Shareholders' equity
¥2.43bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥323.4m | ¥961.1m | ¥269.5m | ¥229.1m | ¥100.1m | ¥206.0m | — | — |
| Gross profit | ¥250.6m | ¥828.7m | ¥203.7m | ¥192.4m | ¥50.7m | ¥165.2m | −¥29.0m | −¥24.2m |
| Research and development | — | ¥328.4m | ¥393.6m | ¥374.3m | ¥255.2m | ¥307.5m | ¥441.4m | ¥436.0m |
| Operating income | −¥749.0m | −¥90.2m | −¥760.3m | −¥806.8m | −¥761.0m | −¥680.6m | −¥951.4m | −¥861.1m |
| Net income | −¥780.9m | −¥140.8m | −¥763.7m | −¥778.8m | −¥767.7m | −¥659.2m | −¥962.2m | −¥859.0m |
| Diluted earnings per share | -22.34 | -4.14 | -22.44 | -24.94 | -26.77 | -23.01 | -27.53 | -24.58 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.49bn | ¥5.42bn | ¥3.82bn | ¥4.33bn | ¥4.72bn | ¥2.05bn | ¥2.66bn | ¥3.62bn |
| Cash and short-term investments | ¥2.82bn | ¥3.21bn | ¥2.35bn | ¥2.71bn | ¥3.28bn | ¥1.25bn | ¥2.01bn | ¥2.99bn |
| Total liabilities | ¥2.06bn | ¥2.21bn | ¥1.44bn | ¥1.58bn | ¥1.64bn | ¥1.82bn | ¥1.97bn | ¥1.97bn |
| Debt | ¥747.1m | ¥766.8m | ¥933.3m | ¥1.09bn | ¥1.25bn | ¥1.41bn | ¥1.57bn | ¥1.60bn |
| Shareholders' equity | ¥2.43bn | ¥3.21bn | ¥2.38bn | ¥2.75bn | ¥3.08bn | ¥230.7m | ¥690.0m | ¥1.65bn |
| Shares outstanding | 35m | 34m | 34m | 31m | 29m | 29m | 35m | 35m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥334.5m | ¥140.4m | −¥876.8m | −¥827.7m | −¥1.08bn | −¥772.8m | −¥913.6m | −¥771.3m |
| Capital spending | −¥10.8m | −¥3.9m | −¥11.0m | −¥25.4m | −¥46.3m | −¥20.8m | −¥25.2m | −¥10.5m |
| Free cash flow | −¥345.3m | ¥136.5m | −¥887.8m | −¥853.1m | −¥1.13bn | −¥793.6m | −¥938.8m | −¥781.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥92.4m | ¥61.6m | ¥61.6m | ¥107.8m | ¥92.4m | ¥707.0m | ¥84.7m | ¥107.8m |
| Gross profit | ¥79.0m | ¥46.0m | ¥52.9m | ¥86.2m | ¥79.8m | ¥625.3m | ¥73.2m | ¥93.6m |
| Operating income | −¥245.1m | −¥243.5m | −¥213.7m | −¥147.1m | −¥151.8m | ¥284.8m | −¥105.9m | −¥102.2m |
| Net income | −¥228.8m | −¥268.8m | −¥204.2m | −¥151.2m | −¥156.7m | ¥232.8m | −¥104.9m | −¥107.0m |
| Diluted earnings per share | -6.55 | -7.69 | -6.00 | -4.45 | -4.61 | 6.84 | -3.08 | -3.14 |
| Total assets | ¥5.39bn | ¥4.49bn | ¥4.78bn | ¥4.92bn | ¥5.06bn | ¥5.42bn | ¥5.08bn | ¥5.21bn |
| Cash and short-term investments | ¥3.80bn | ¥2.82bn | ¥2.69bn | ¥2.80bn | ¥2.85bn | ¥3.21bn | ¥3.45bn | ¥3.75bn |
| Debt | ¥158.6m | ¥747.1m | ¥158.6m | ¥687.5m | ¥158.6m | ¥766.8m | ¥160.0m | ¥853.3m |
| Shareholders' equity | ¥3.22bn | ¥2.43bn | ¥2.70bn | ¥2.90bn | ¥3.05bn | ¥3.21bn | ¥2.97bn | ¥3.08bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.2% | 9.4% | — |
| Operating income | -2.4% | 1.9% | — |
| Net income | 0.1% | 3.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.0% | 82.7% | 81.0% | — |
| Operating margin | -65.3% | -135.0% | -184.2% | — |
| Net margin | -71.8% | -138.2% | -186.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -17.7 | -49.0 | -23.9 | -11.4 | -14.9 | -40.0 |
| Price to sales | 42.7 | 7.2 | 67.8 | 38.9 | 114.6 | 128.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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