L 
134
+7.20%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥10.03bn
FY2018FY2025
Net income
¥46.3m
FY2018FY2025
Free cash flow
−¥411.7m
FY2018FY2025
Shareholders' equity
¥1.59bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.03bn | ¥8.64bn | ¥7.09bn | ¥6.64bn | ¥5.03bn | ¥5.11bn | ¥4.20bn | ¥4.45bn |
| Gross profit | ¥4.07bn | ¥3.34bn | ¥2.85bn | ¥2.60bn | ¥2.15bn | ¥2.18bn | ¥1.94bn | ¥2.18bn |
| Research and development | — | — | ¥34.0m | ¥21.5m | ¥13.8m | ¥6.0m | ¥15.0m | — |
| Operating income | ¥133.2m | ¥71.9m | ¥172.5m | ¥217.8m | ¥274.9m | ¥295.4m | ¥135.0m | ¥333.0m |
| Net income | ¥46.3m | −¥21.2m | ¥111.3m | ¥114.5m | ¥200.2m | ¥155.2m | ¥72.0m | ¥221.4m |
| Diluted earnings per share | 1.54 | -0.71 | 3.74 | 3.85 | 6.43 | 4.99 | 2.31 | 9.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.81bn | ¥6.51bn | ¥5.60bn | ¥5.40bn | ¥2.95bn | ¥3.18bn | ¥2.41bn | ¥2.21bn |
| Cash and short-term investments | ¥1.20bn | ¥1.01bn | ¥880.5m | ¥986.2m | ¥947.6m | ¥959.5m | ¥700.1m | ¥534.7m |
| Total liabilities | ¥6.22bn | ¥4.94bn | ¥3.97bn | ¥3.83bn | ¥1.63bn | ¥2.01bn | ¥1.72bn | ¥1.58bn |
| Debt | ¥4.12bn | ¥3.44bn | ¥2.49bn | ¥2.44bn | ¥825.4m | ¥1.19bn | ¥1.07bn | ¥931.1m |
| Shareholders' equity | ¥1.59bn | ¥1.57bn | ¥1.63bn | ¥1.57bn | ¥1.32bn | ¥1.16bn | ¥685.2m | ¥627.0m |
| Shares outstanding | 30m | 30m | 30m | 30m | 31m | 31m | 31m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥305.8m | −¥577.3m | ¥414.1m | −¥799.3m | ¥416.6m | −¥150.7m | ¥45.5m | −¥38.6m |
| Capital spending | −¥105.9m | −¥47.6m | −¥103.1m | −¥26.0m | −¥24.9m | −¥5.4m | −¥4.0m | −¥36.4m |
| Free cash flow | −¥411.7m | −¥624.9m | ¥311.0m | −¥825.2m | ¥391.7m | −¥156.1m | ¥41.5m | −¥75.1m |
| Dividends paid | −¥53.7m | −¥53.6m | −¥53.7m | −¥63.6m | −¥61.9m | −¥7.8m | −¥23.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.98bn | ¥1.86bn | ¥3.32bn | ¥2.51bn | ¥2.60bn | ¥1.60bn | ¥2.44bn | ¥2.01bn |
| Gross profit | ¥1.34bn | ¥625.5m | ¥1.35bn | ¥997.8m | ¥1.12bn | ¥609.2m | ¥1.01bn | ¥818.0m |
| Operating income | ¥40.0m | −¥415.2m | ¥231.2m | ¥37.3m | ¥41.2m | −¥176.5m | ¥95.0m | ¥16.5m |
| Net income | −¥57.0m | −¥246.5m | ¥236.2m | ¥11.8m | −¥73.6m | −¥128.1m | ¥49.3m | −¥8.0m |
| Diluted earnings per share | -1.83 | -7.92 | 7.86 | 0.39 | -2.45 | -4.26 | 1.65 | -0.27 |
| Total assets | ¥8.56bn | ¥7.20bn | ¥7.81bn | ¥6.90bn | ¥6.95bn | ¥6.50bn | ¥6.51bn | ¥6.66bn |
| Cash and short-term investments | ¥1.34bn | ¥1.09bn | ¥1.20bn | ¥1.32bn | ¥1.24bn | ¥887.7m | ¥1.01bn | ¥1.04bn |
| Debt | ¥4.82bn | ¥3.02bn | ¥4.12bn | ¥2.82bn | ¥3.85bn | ¥2.59bn | ¥2.35bn | ¥2.47bn |
| Shareholders' equity | ¥1.51bn | ¥1.30bn | ¥1.59bn | ¥1.36bn | ¥1.33bn | ¥1.39bn | ¥1.57bn | ¥1.52bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 40.6% | 38.6% | 40.3% | 39.2% | 42.8% | 42.7% | — |
| Operating margin | 1.3% | 0.8% | 2.4% | 3.3% | 5.5% | 5.8% | — |
| Net margin | 0.5% | -0.2% | 1.6% | 1.7% | 4.0% | 3.0% | — |
| Return on equity | 2.9% | -1.3% | 6.8% | 7.3% | 15.2% | 13.3% | — |
| Return on assets | 0.6% | -0.3% | 2.0% | 2.1% | 6.8% | 4.9% | — |
| Free cash flow yield | -2.8% | -7.4% | 7.2% | -10.8% | — | — | — |
| Revenue growth | 16.2% | 21.8% | 6.8% | 32.0% | -1.6% | 21.6% | — |
| Earnings growth | -318.8% | -119.0% | -2.8% | -42.8% | 29.0% | 115.6% | — |
| Current ratio | 1.18x | 1.34x | 1.49x | 1.63x | 2.60x | 2.67x | — |
| Debt to equity | 2.58x | 2.19x | 1.52x | 1.55x | 0.62x | 1.02x | — |
| Equity ratio | 20.4% | 24.1% | 29.1% | 29.1% | 44.8% | 36.6% | — |
| Interest coverage | 2.84x | 2.46x | 9.26x | 13.22x | 34.73x | 19.18x | — |
| R&D as a share of sales | — | — | 0.5% | 0.3% | 0.3% | 0.1% | 0.4% |
| Buybacks as a share of market value | -0.5% | -0.5% | 0.1% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.8% | 14.4% | — |
| Operating income | -15.1% | -14.7% | — |
| Net income | -26.0% | -21.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.7% | 39.7% | 40.4% | — |
| Operating margin | 1.1% | 1.8% | 2.7% | — |
| Net margin | 0.1% | 0.8% | 1.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 212.0 | -717.7 | 10.0 | 8.1 | 5.8 | 14.4 |
| Price to sales | 1.0 | 1.8 | 0.2 | 0.1 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 3.80 | 1.80 | 1.80 | 2.15 | 2.14 |
- 5-for-1 split · 29 Dec 2025
- 2-for-1 split · 27 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.