C 
2,014
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
¥4.54bn
FY2020FY2026
Net income
¥207.9m
FY2020FY2026
Free cash flow
−¥271.5m
FY2020FY2026
Shareholders' equity
¥1.28bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥4.54bn | ¥3.80bn | ¥2.90bn | ¥2.53bn | ¥2.27bn | ¥1.81bn | ¥1.76bn |
| Gross profit | ¥1.97bn | ¥1.75bn | ¥1.44bn | ¥1.25bn | ¥1.21bn | ¥881.9m | ¥919.0m |
| Research and development | — | — | — | — | — | — | ¥134.5m |
| Operating income | ¥266.2m | ¥203.6m | −¥85.3m | ¥87.5m | ¥150.5m | −¥59.7m | −¥122.6m |
| Net income | ¥207.9m | ¥184.0m | −¥39.2m | ¥11.0m | ¥175.6m | −¥63.2m | −¥92.7m |
| Diluted earnings per share | 47.47 | 42.04 | -8.98 | 2.58 | 41.55 | -14.42 | -21.16 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥1.87bn | ¥1.82bn | ¥1.54bn | ¥1.15bn | ¥719.5m | ¥535.3m | ¥361.0m |
| Cash and short-term investments | ¥536.9m | ¥833.4m | ¥808.0m | ¥675.3m | ¥289.9m | ¥240.9m | ¥12.1m |
| Total liabilities | ¥601.2m | ¥893.3m | ¥752.0m | ¥338.9m | ¥499.6m | ¥490.4m | ¥255.0m |
| Debt | ¥128.2m | ¥211.5m | ¥224.5m | ¥127.6m | ¥200.0m | ¥220.0m | ¥45.0m |
| Shareholders' equity | ¥1.28bn | ¥992.6m | ¥785.9m | ¥806.4m | ¥219.9m | ¥44.9m | ¥105.0m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −¥56.7m | ¥220.3m | ¥105.3m | −¥32.2m | ¥117.1m | ¥24.2m | −¥103.7m |
| Capital spending | −¥214.8m | −¥9.8m | −¥4.2m | −¥60.9m | −¥4.3m | −¥2.5m | −¥57.9m |
| Free cash flow | −¥271.5m | ¥210.5m | ¥101.2m | −¥93.2m | ¥112.7m | ¥21.7m | −¥161.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.24bn | ¥1.34bn | ¥1.11bn | ¥1.09bn | ¥1.00bn | ¥1.10bn | ¥1.00bn | ¥889.7m |
| Gross profit | ¥419.9m | ¥617.6m | ¥421.6m | ¥483.2m | ¥445.3m | ¥561.7m | ¥478.5m | ¥391.6m |
| Operating income | −¥79.9m | ¥254.8m | ¥5.2m | ¥70.4m | −¥64.3m | ¥151.4m | ¥80.3m | ¥23.2m |
| Net income | −¥34.8m | ¥203.6m | −¥10.7m | ¥48.0m | −¥33.0m | ¥113.8m | ¥59.5m | ¥29.8m |
| Diluted earnings per share | -7.95 | 46.48 | -2.44 | 10.97 | -7.54 | 25.99 | 13.64 | 6.84 |
| Cash from operations | — | — | — | −¥290.0m | — | — | — | — |
| Capital spending | — | — | — | −¥225.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥515.0m | — | — | — | — |
| Total assets | ¥1.94bn | ¥1.87bn | ¥1.60bn | ¥1.59bn | ¥1.65bn | ¥1.82bn | ¥1.55bn | ¥1.39bn |
| Cash and short-term investments | ¥426.3m | ¥536.9m | ¥323.3m | ¥322.0m | ¥319.7m | ¥833.4m | ¥537.0m | ¥425.9m |
| Debt | ¥93.0m | ¥128.2m | ¥196.9m | ¥196.9m | ¥148.7m | ¥211.5m | ¥33.4m | ¥239.7m |
| Shareholders' equity | ¥851.8m | ¥1.28bn | ¥1.03bn | ¥1.03bn | ¥903.1m | ¥992.6m | ¥880.1m | ¥815.7m |
Financial ratios
Data as of 25 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 43.3% | 46.0% | 49.8% | 49.3% | 53.3% | 48.6% | — |
| Operating margin | 5.9% | 5.4% | -2.9% | 3.5% | 6.6% | -2.2% | — |
| Net margin | 4.6% | 4.8% | -1.4% | 0.4% | 7.7% | -3.5% | — |
| Return on equity | 16.3% | 18.5% | -5.0% | 1.4% | 79.9% | -140.7% | — |
| Return on assets | 11.1% | 10.1% | -2.5% | 1.0% | 24.4% | -11.8% | — |
| Free cash flow yield | -1.2% | 4.6% | 2.2% | -0.7% | 2.5% | — | — |
| Revenue growth | 19.4% | 31.1% | 14.8% | 11.5% | 25.0% | 3.2% | — |
| Earnings growth | 13.0% | -569.9% | -455.1% | -93.7% | -377.9% | -31.8% | — |
| Current ratio | 2.31x | 1.59x | 2.06x | 3.68x | 1.68x | 1.48x | — |
| Debt to equity | 0.10x | 0.21x | 0.29x | 0.16x | 0.91x | 4.90x | — |
| Equity ratio | 68.3% | 54.5% | 50.9% | 70.4% | 30.6% | 8.4% | — |
| Interest coverage | 37.64x | 29.03x | -66.35x | 167.54x | 152.79x | -39.04x | — |
| R&D as a share of sales | — | — | — | — | — | — | 7.7% |
| Buybacks as a share of market value | -0.1% | -0.4% | -2.0% | -1.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.5% | 20.1% | — |
| Operating income | 44.9% | — | — |
| Net income | 166.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.5% | 46.5% | 47.6% | — |
| Operating margin | 5.6% | 3.4% | 3.2% | — |
| Net margin | 4.7% | 2.6% | 2.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 42.4 | 25.0 | -84.3 | 176.7 | 18.4 |
| Price to sales | 1.9 | 1.2 | 1.1 | 0.8 | 1.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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