U 
2,435
+4.19%
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
¥4.88bn
FY2020FY2026
Net income
¥330.1m
FY2020FY2026
Free cash flow
—
FY2020FY2026
Shareholders' equity
¥2.37bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥4.88bn | ¥3.73bn | ¥2.83bn | ¥2.08bn | ¥1.45bn | ¥783.0m | ¥577.3m |
| Gross profit | ¥1.83bn | ¥1.46bn | ¥1.07bn | ¥702.8m | ¥545.8m | ¥220.5m | ¥178.0m |
| Research and development | — | ¥21.6m | ¥10.9m | ¥763,000 | ¥4.1m | ¥12.5m | ¥8.4m |
| Operating income | ¥424.6m | ¥311.9m | ¥130.7m | ¥35.2m | ¥75.0m | −¥160.2m | −¥98.0m |
| Net income | ¥330.1m | ¥331.9m | ¥68.3m | ¥9.4m | ¥143.5m | −¥162.9m | −¥98.2m |
| Diluted earnings per share | 84.54 | 85.14 | 17.67 | 2.54 | 41.18 | -41.71 | -25.14 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥4.19bn | ¥2.62bn | ¥2.11bn | ¥1.51bn | ¥1.20bn | ¥945.8m | ¥298.4m |
| Cash and short-term investments | ¥2.30bn | ¥1.83bn | ¥1.66bn | ¥1.13bn | ¥900.7m | ¥800.3m | ¥211.9m |
| Total liabilities | ¥1.82bn | ¥600.3m | ¥476.5m | ¥414.1m | ¥382.9m | ¥286.7m | ¥99.1m |
| Debt | ¥737.5m | — | ¥38.9m | ¥105.0m | ¥125.0m | ¥140.0m | −¥3.3m |
| Shareholders' equity | ¥2.37bn | ¥2.02bn | ¥1.63bn | ¥1.10bn | ¥820.8m | ¥659.1m | ¥199.3m |
| Shares outstanding | 4m | 4m | 4m | 4m | 3m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥327.7m | ¥229.7m | ¥180.3m | ¥28.0m | ¥68.8m | −¥174.2m | −¥38.4m |
| Capital spending | −¥327.7m | −¥229.7m | — | — | — | — | — |
| Free cash flow | — | — | ¥180.3m | ¥28.0m | ¥68.8m | −¥174.2m | −¥38.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.19bn | ¥1.53bn | ¥1.16bn | ¥1.01bn | ¥981.4m | ¥1.01bn | ¥938.3m | ¥795.6m |
| Gross profit | ¥398.6m | ¥680.6m | ¥390.7m | ¥357.4m | ¥359.1m | ¥498.9m | ¥329.4m | ¥277.4m |
| Operating income | ¥30.7m | ¥331.7m | ¥65.9m | −¥3.6m | ¥29.2m | ¥179.5m | ¥56.2m | ¥47.0m |
| Net income | ¥67.1m | ¥221.2m | ¥46.6m | −¥4.7m | ¥147.3m | ¥116.5m | ¥40.8m | ¥27.2m |
| Diluted earnings per share | 17.17 | 56.65 | 11.95 | -1.20 | 37.79 | 29.89 | 10.57 | 7.04 |
| Cash from operations | ¥189.0m | — | — | — | — | — | — | — |
| Total assets | ¥4.19bn | ¥3.13bn | ¥2.73bn | ¥2.57bn | ¥2.62bn | ¥2.43bn | ¥2.30bn | ¥2.03bn |
| Cash and short-term investments | ¥2.30bn | ¥1.66bn | ¥1.72bn | ¥1.77bn | ¥1.83bn | ¥1.60bn | ¥1.68bn | ¥1.61bn |
| Debt | ¥150.0m | — | — | — | — | — | — | — |
| Shareholders' equity | ¥2.37bn | ¥2.30bn | ¥2.08bn | ¥2.01bn | ¥2.02bn | ¥1.87bn | ¥1.75bn | ¥1.66bn |
Financial ratios
Data as of 7 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 37.4% | 39.3% | 37.6% | 33.8% | 37.7% | 28.2% | — |
| Operating margin | 8.7% | 8.4% | 4.6% | 1.7% | 5.2% | -20.5% | — |
| Net margin | 6.8% | 8.9% | 2.4% | 0.5% | 9.9% | -20.8% | — |
| Return on equity | 14.0% | 16.5% | 4.2% | 0.9% | 17.5% | -24.7% | — |
| Return on assets | 7.9% | 12.7% | 3.2% | 0.6% | 11.9% | -17.2% | — |
| Free cash flow yield | 6.9% | 4.9% | — | — | — | — | — |
| Revenue growth | 31.0% | 31.4% | 36.5% | 43.6% | 84.7% | 35.6% | — |
| Earnings growth | -0.5% | 386.1% | 629.5% | -93.5% | -188.1% | 65.9% | — |
| Current ratio | 2.66x | 3.99x | 4.37x | 3.42x | 4.06x | 5.66x | — |
| Debt to equity | 0.06x | — | 0.02x | 0.10x | 0.15x | 0.21x | -0.02x |
| Equity ratio | 56.5% | 77.1% | 77.4% | 72.6% | 68.2% | 69.7% | — |
| Interest coverage | 222.65x | — | 7690.65x | 168.22x | 358.78x | -880.05x | — |
| R&D as a share of sales | — | 0.6% | 0.4% | 0.0% | 0.3% | 1.6% | 1.4% |
| Buybacks as a share of market value | -0.2% | -0.9% | -4.7% | -5.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.9% | 44.2% | — |
| Operating income | 129.4% | — | — |
| Net income | 228.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.3% | 37.4% | 37.0% | — |
| Operating margin | 8.6% | 6.7% | 5.2% | — |
| Net margin | 7.7% | 5.5% | 4.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 28.9 | 30.2 | 114.2 | — | 53.1 |
| Price to sales | 2.0 | 2.7 | 2.8 | 3.6 | 5.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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