N 
276
+3.76%
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
¥19.78bn
FY2016FY2025
Net income
¥697.0m
FY2016FY2025
Free cash flow
¥3.19bn
FY2016FY2025
Shareholders' equity
¥6.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥19.78bn | ¥22.05bn | ¥21.70bn | ¥38.46bn | ¥27.92bn | ¥22.23bn | ¥27.27bn | ¥29.60bn | ¥26.65bn | ¥23.32bn |
| Gross profit | ¥3.55bn | ¥4.58bn | ¥1.96bn | ¥1.39bn | ¥3.56bn | ¥359.0m | ¥1.81bn | ¥2.76bn | ¥3.90bn | ¥3.17bn |
| Research and development | ¥135.0m | ¥116.0m | ¥108.0m | ¥121.0m | ¥130.0m | ¥150.0m | ¥148.0m | — | ¥149.0m | ¥142.0m |
| Operating income | ¥1.17bn | ¥2.25bn | −¥552.0m | −¥2.07bn | ¥587.0m | −¥2.67bn | −¥594.0m | ¥260.0m | ¥1.37bn | ¥844.0m |
| Net income | ¥697.0m | ¥1.78bn | −¥1.22bn | −¥2.37bn | ¥444.0m | −¥2.88bn | −¥848.0m | ¥83.0m | ¥673.0m | ¥243.0m |
| Diluted earnings per share | 34.42 | 50.74 | -61.82 | -119.90 | 22.48 | -145.73 | -42.94 | 4.27 | 37.70 | 8.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥27.28bn | ¥29.73bn | ¥30.00bn | ¥33.17bn | ¥33.57bn | ¥30.79bn | ¥32.55bn | ¥33.13bn | ¥30.73bn | ¥29.08bn |
| Cash and short-term investments | ¥2.83bn | ¥2.30bn | ¥1.83bn | ¥2.04bn | ¥1.60bn | ¥1.40bn | ¥1.95bn | ¥1.36bn | ¥1.83bn | ¥1.38bn |
| Total liabilities | ¥20.90bn | ¥24.05bn | ¥26.21bn | ¥27.75bn | ¥25.82bn | ¥23.50bn | ¥22.41bn | ¥21.78bn | ¥19.74bn | ¥18.64bn |
| Debt | ¥16.00bn | ¥18.65bn | ¥20.53bn | ¥21.05bn | ¥18.29bn | ¥17.98bn | ¥14.86bn | ¥14.38bn | ¥13.60bn | ¥12.77bn |
| Shareholders' equity | ¥6.38bn | ¥5.67bn | ¥3.78bn | ¥5.39bn | ¥7.74bn | ¥7.28bn | ¥10.15bn | ¥11.35bn | ¥10.98bn | ¥10.44bn |
| Shares outstanding | 20m | 35m | 20m | 20m | 20m | 20m | 20m | 19m | 18m | 29m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.69bn | ¥2.94bn | ¥1.41bn | −¥1.63bn | ¥666.0m | −¥2.37bn | ¥1.48bn | −¥747.0m | ¥1.52bn | ¥3.49bn |
| Capital spending | −¥500.0m | −¥151.0m | −¥939.0m | −¥354.0m | −¥695.0m | −¥1.41bn | −¥1.13bn | −¥1.01bn | −¥1.42bn | −¥942.0m |
| Free cash flow | ¥3.19bn | ¥2.79bn | ¥471.0m | −¥1.98bn | −¥29.0m | −¥3.77bn | ¥345.0m | −¥1.76bn | ¥97.0m | ¥2.55bn |
| Dividends paid | — | — | — | −¥97.0m | −¥97.0m | −¥98.0m | −¥194.0m | −¥176.0m | −¥173.0m | −¥180.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.45bn | ¥4.50bn | ¥5.35bn | ¥5.03bn | ¥5.08bn | ¥4.32bn | ¥5.60bn | ¥5.25bn |
| Gross profit | ¥1.87bn | ¥1.06bn | ¥856.0m | ¥1.01bn | ¥866.0m | ¥819.0m | ¥1.11bn | ¥1.16bn |
| Operating income | ¥1.24bn | ¥480.0m | ¥240.0m | ¥411.0m | ¥278.0m | ¥244.0m | ¥500.0m | ¥552.0m |
| Net income | ¥888.0m | ¥268.0m | ¥115.0m | ¥316.0m | ¥126.0m | ¥140.0m | ¥473.0m | ¥448.0m |
| Diluted earnings per share | 30.88 | 9.32 | 5.68 | 15.61 | 6.22 | 6.91 | 13.51 | 12.80 |
| Total assets | ¥29.47bn | ¥27.76bn | ¥27.28bn | ¥29.13bn | ¥28.86bn | ¥29.39bn | ¥29.73bn | ¥29.22bn |
| Cash and short-term investments | ¥2.62bn | ¥2.46bn | ¥2.83bn | ¥3.16bn | ¥2.60bn | ¥2.29bn | ¥2.30bn | ¥1.98bn |
| Debt | ¥16.01bn | ¥11.43bn | ¥15.64bn | ¥12.11bn | ¥17.36bn | ¥12.14bn | ¥13.19bn | ¥13.66bn |
| Shareholders' equity | ¥7.58bn | ¥6.69bn | ¥6.38bn | ¥6.19bn | ¥5.77bn | ¥5.75bn | ¥5.67bn | ¥5.11bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.0% | 20.8% | 9.0% | 3.6% | 12.8% | 1.6% |
| Operating margin | 5.9% | 10.2% | -4.8% | -5.4% | 2.3% | -12.0% |
| Net margin | 3.5% | 8.1% | -5.6% | -6.2% | 1.6% | -12.9% |
| Return on equity | 10.9% | 31.3% | -32.3% | -43.9% | 5.7% | -39.5% |
| Return on assets | 2.6% | 6.0% | -4.1% | -7.1% | 1.3% | -9.3% |
| Free cash flow yield | 65.4% | 28.0% | 37.6% | -20.4% | 21.8% | -15.4% |
| Revenue growth | -10.3% | 1.6% | -43.6% | 37.7% | 25.6% | -18.5% |
| Earnings growth | -60.8% | -245.5% | -48.4% | -633.3% | -115.4% | 239.4% |
| Current ratio | 0.90x | 0.94x | 0.79x | 0.75x | 0.84x | 0.81x |
| Debt to equity | 2.45x | 3.22x | 5.32x | 3.90x | 2.36x | 2.46x |
| Equity ratio | 23.4% | 19.1% | 12.6% | 16.3% | 23.1% | 23.6% |
| Interest coverage | 2.07x | 3.93x | -3.58x | -11.06x | 3.83x | -16.36x |
| R&D as a share of sales | 0.7% | 0.5% | 0.5% | 0.3% | 0.5% | 0.7% |
| Buybacks as a share of market value | 42.2% | -77.2% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.9% | -2.3% | -3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.4% | 11.3% | 10.1% | 10.0% |
| Operating margin | 8.2% | 0.8% | -0.8% | -0.0% |
| Net margin | 5.9% | -1.1% | -2.3% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.5 | 5.2 | -2.1 | -1.1 | 8.5 | -1.2 | -5.3 | 55.7 | 10.5 | 29.4 |
| Price to sales | 0.2 | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2022.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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