A 
707
+5.84%
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
¥57.30bn
FY2019FY2025
Net income
¥927.0m
FY2019FY2025
Free cash flow
−¥581.0m
FY2019FY2025
Shareholders' equity
¥16.89bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥57.30bn | ¥50.71bn | ¥33.46bn | ¥24.79bn | ¥19.26bn | ¥11.08bn | ¥6.50bn |
| Gross profit | ¥21.93bn | ¥18.76bn | ¥12.70bn | ¥9.29bn | ¥6.28bn | ¥3.24bn | ¥1.70bn |
| Research and development | — | ¥1.0m | ¥2.0m | ¥2.4m | — | ¥12.1m | — |
| Operating income | ¥1.74bn | ¥2.47bn | ¥685.0m | −¥22.7m | −¥245.3m | −¥693.7m | −¥684.1m |
| Net income | ¥927.0m | ¥2.33bn | ¥559.0m | ¥239.2m | −¥855.6m | −¥1.15bn | −¥349.0m |
| Diluted earnings per share | 14.88 | 38.02 | 8.65 | 4.20 | -16.59 | -22.32 | -5.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥45.14bn | ¥34.16bn | ¥23.25bn | ¥18.82bn | ¥13.40bn | ¥11.48bn | ¥6.99bn |
| Cash and short-term investments | ¥8.61bn | ¥9.66bn | ¥6.27bn | ¥6.14bn | ¥3.47bn | ¥4.30bn | ¥2.88bn |
| Total liabilities | ¥28.05bn | ¥17.44bn | ¥9.65bn | ¥7.31bn | ¥6.17bn | ¥11.89bn | ¥6.34bn |
| Debt | ¥14.32bn | ¥5.61bn | ¥961.0m | ¥1.30bn | ¥1.39bn | ¥1.19bn | ¥583.1m |
| Shareholders' equity | ¥16.89bn | ¥16.59bn | ¥13.51bn | ¥11.43bn | ¥7.14bn | −¥492.9m | ¥612.1m |
| Shares outstanding | 62m | 61m | 65m | 57m | 52m | 52m | 62m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥268.0m | ¥2.40bn | ¥1.03bn | −¥702.4m | −¥249.9m | ¥5.8m | −¥722.0m |
| Capital spending | −¥849.0m | −¥417.0m | −¥422.0m | −¥156.3m | −¥158.2m | −¥143.6m | −¥114.9m |
| Free cash flow | −¥581.0m | ¥1.98bn | ¥606.0m | −¥858.7m | −¥408.1m | −¥137.8m | −¥837.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥20.47bn | ¥17.74bn | ¥16.45bn | ¥15.01bn | ¥13.20bn | ¥12.64bn | ¥15.03bn | ¥13.15bn |
| Gross profit | ¥7.83bn | ¥6.77bn | ¥6.22bn | ¥5.71bn | ¥5.14bn | ¥4.86bn | ¥5.60bn | ¥4.79bn |
| Operating income | ¥862.0m | ¥188.0m | ¥522.0m | ¥511.0m | ¥420.0m | ¥288.0m | ¥832.0m | ¥706.0m |
| Net income | ¥326.0m | ¥168.0m | ¥503.0m | ¥264.0m | ¥127.0m | ¥33.0m | ¥1.24bn | ¥379.0m |
| Diluted earnings per share | 5.30 | 2.73 | 8.07 | 4.24 | 2.04 | 0.53 | 20.21 | 6.17 |
| Cash from operations | ¥133.0m | ¥525.0m | ¥538.0m | ¥32.0m | ¥71.0m | −¥373.0m | ¥621.0m | ¥66.0m |
| Capital spending | −¥106.0m | −¥113.0m | −¥248.0m | −¥270.0m | −¥225.0m | −¥106.0m | −¥226.0m | −¥45.0m |
| Free cash flow | ¥27.0m | ¥412.0m | ¥290.0m | −¥238.0m | −¥154.0m | −¥479.0m | ¥395.0m | ¥21.0m |
| Total assets | ¥51.63bn | ¥49.99bn | ¥45.14bn | ¥41.15bn | ¥35.93bn | ¥33.23bn | ¥34.16bn | ¥30.93bn |
| Cash and short-term investments | ¥8.32bn | ¥9.11bn | ¥8.61bn | ¥9.13bn | ¥7.25bn | ¥8.47bn | ¥9.66bn | ¥9.79bn |
| Debt | ¥14.78bn | ¥6.08bn | ¥11.10bn | ¥4.06bn | ¥4.76bn | ¥3.01bn | ¥2.53bn | ¥2.30bn |
| Shareholders' equity | ¥17.67bn | ¥17.38bn | ¥16.89bn | ¥16.25bn | ¥16.16bn | ¥16.35bn | ¥16.59bn | ¥14.77bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.3% | 37.0% | 38.0% | 37.5% | 32.6% | 29.2% |
| Operating margin | 3.0% | 4.9% | 2.0% | -0.1% | -1.3% | -6.3% |
| Net margin | 1.6% | 4.6% | 1.7% | 1.0% | -4.4% | -10.4% |
| Return on equity | 5.5% | 14.1% | 4.1% | 2.1% | -12.0% | 233.5% |
| Return on assets | 2.1% | 6.8% | 2.4% | 1.3% | -6.4% | -10.0% |
| Free cash flow yield | 0.5% | 4.9% | 2.0% | -1.6% | -0.6% | 0.0% |
| Revenue growth | 13.0% | 51.6% | 35.0% | 28.7% | 73.8% | 70.4% |
| Earnings growth | -60.3% | 317.7% | 133.7% | -128.0% | -25.7% | 229.8% |
| Current ratio | 1.81x | 1.84x | 2.02x | 2.25x | 1.83x | 2.42x |
| Debt to equity | 0.66x | 0.26x | 0.05x | 0.09x | 0.11x | -16.49x |
| Equity ratio | 37.4% | 48.6% | 58.1% | 60.7% | 53.3% | -4.3% |
| Interest coverage | 3.83x | 25.51x | 5.11x | -0.60x | -0.36x | -23.30x |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | — | 0.1% |
| Buybacks as a share of market value | -1.5% | 5.0% | -13.4% | -10.5% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.2% | 38.9% | — |
| Net income | 57.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.7% | 37.7% | 36.7% | — |
| Operating margin | 3.9% | 2.9% | 2.0% | — |
| Net margin | 3.0% | 2.4% | 1.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 40.8 | 26.6 | 105.2 |
| Price to sales | 0.7 | 1.2 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 2.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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