T 
131
0.00%
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
—
FY2021FY2026
Net income
−¥859.3m
FY2021FY2026
Free cash flow
−¥782.4m
FY2021FY2026
Shareholders' equity
¥2.77bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ¥1.95bn | — |
| Gross profit | −¥314,400 | −¥3.7m | −¥7.0m | −¥6.6m | ¥1.74bn | −¥4.1m |
| Research and development | ¥548.0m | ¥621.1m | ¥607.7m | ¥292.8m | ¥103.1m | ¥603.2m |
| Operating income | −¥836.4m | −¥907.8m | −¥943.3m | −¥520.1m | ¥1.14bn | −¥721.2m |
| Net income | −¥859.3m | −¥660.5m | −¥960.0m | −¥860.9m | ¥1.08bn | −¥722.9m |
| Diluted earnings per share | -18.85 | -14.52 | -23.80 | -22.76 | 32.16 | -15.86 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.87bn | ¥3.03bn | ¥3.55bn | ¥3.79bn | ¥2.74bn | ¥1.21bn |
| Cash and short-term investments | ¥2.78bn | ¥2.92bn | ¥3.45bn | ¥3.58bn | ¥2.60bn | ¥1.11bn |
| Total liabilities | ¥95.0m | ¥216.8m | ¥97.7m | ¥76.2m | ¥286.8m | ¥86.4m |
| Shareholders' equity | ¥2.77bn | ¥2.82bn | ¥3.46bn | ¥3.71bn | ¥2.45bn | ¥1.13bn |
| Shares outstanding | 46m | 45m | 40m | 38m | 33m | 46m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | −¥779.9m | −¥493.8m | −¥822.8m | −¥688.4m | ¥1.26bn | −¥737.8m |
| Capital spending | −¥2.5m | −¥30.8m | −¥3.4m | −¥13.7m | −¥8.9m | −¥499,000 |
| Free cash flow | −¥782.4m | −¥524.6m | −¥826.2m | −¥702.1m | ¥1.25bn | −¥738.3m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −¥16,000 | −¥41,000 | −¥229,000 | −¥33,000 | −¥145,000 | −¥89,000 | −¥234,000 |
| Operating income | −¥392.3m | −¥188.6m | −¥203.7m | −¥197.9m | −¥274.0m | −¥251.5m | −¥204.1m | −¥229.0m |
| Net income | −¥393.5m | −¥189.2m | −¥204.3m | −¥201.1m | −¥286.3m | ¥22.1m | −¥204.8m | −¥230.2m |
| Diluted earnings per share | -8.63 | -4.15 | -4.48 | -4.42 | -6.29 | 0.49 | -5.08 | -5.71 |
| Total assets | ¥2.51bn | ¥2.51bn | ¥2.66bn | ¥3.12bn | ¥3.21bn | ¥3.03bn | ¥2.92bn | ¥3.09bn |
| Cash and short-term investments | ¥2.46bn | ¥2.46bn | ¥2.63bn | ¥3.08bn | ¥3.18bn | ¥2.92bn | ¥2.80bn | ¥3.01bn |
| Shareholders' equity | ¥2.36bn | ¥2.41bn | ¥2.58bn | ¥2.99bn | ¥3.09bn | ¥2.82bn | ¥2.79bn | ¥2.99bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 89.6% | — |
| Operating margin | — | — | — | — | 58.3% | — |
| Net margin | — | — | — | — | 55.3% | — |
| Return on equity | -31.0% | -23.5% | -27.8% | -23.2% | 43.9% | -64.2% |
| Return on assets | -30.0% | -21.8% | -27.0% | -22.7% | 39.3% | -59.6% |
| Free cash flow yield | -14.1% | -8.4% | -16.8% | -14.7% | 31.4% | — |
| Earnings growth | 30.1% | -31.2% | 11.5% | -179.9% | -249.0% | — |
| Current ratio | 30.46x | 13.97x | 36.36x | 49.46x | 9.54x | 14.04x |
| Debt to equity | — | — | — | 0.00x | 0.00x | 0.00x |
| Equity ratio | 96.7% | 92.9% | 97.3% | 98.0% | 89.5% | 92.9% |
| R&D as a share of sales | — | — | — | — | 5.3% | — |
| Buybacks as a share of market value | -0.2% | -12.8% | -6.6% | -13.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 17.2% | 3.0% | — |
| Net income | -0.1% | 3.5% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | -7.2 | -8.9 | -9.2 | -8.3 | 19.3 |
| Price to sales | — | — | — | — | 10.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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