E 
2,266
+3.94%
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
¥3.39bn
FY2020FY2025
Net income
¥1.09bn
FY2020FY2025
Free cash flow
¥1.23bn
FY2020FY2025
Shareholders' equity
¥3.38bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | ¥3.39bn | ¥2.57bn | ¥2.07bn | ¥1.60bn | ¥1.19bn | ¥790.8m |
| Gross profit | ¥2.65bn | ¥1.94bn | ¥1.60bn | ¥1.26bn | ¥969.5m | ¥659.6m |
| Research and development | — | ¥10.7m | ¥14.2m | ¥8.6m | ¥16.0m | ¥16.0m |
| Operating income | ¥1.54bn | ¥1.14bn | ¥908.7m | ¥692.8m | ¥401.9m | ¥201.9m |
| Net income | ¥1.09bn | ¥808.3m | ¥612.9m | ¥449.6m | ¥340.3m | ¥184.9m |
| Diluted earnings per share | 71.10 | 52.91 | 40.04 | 32.30 | 22.44 | 12.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ¥4.28bn | ¥3.10bn | ¥2.41bn | ¥1.65bn | ¥1.06bn | ¥611.0m |
| Cash and short-term investments | ¥2.86bn | ¥1.97bn | ¥1.41bn | ¥1.08bn | ¥617.1m | ¥326.7m |
| Total liabilities | ¥908.4m | ¥687.0m | ¥719.8m | ¥545.0m | ¥557.1m | ¥447.1m |
| Debt | — | — | ¥91.5m | ¥96.1m | ¥180.6m | ¥225.2m |
| Shareholders' equity | ¥3.38bn | ¥2.41bn | ¥1.69bn | ¥1.11bn | ¥504.2m | ¥163.9m |
| Shares outstanding | 15m | 15m | 15m | 14m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥1.27bn | ¥856.8m | ¥626.9m | ¥543.4m | ¥408.6m | ¥195.9m |
| Capital spending | −¥42.2m | −¥17.7m | −¥186.2m | −¥16.0m | −¥61.6m | −¥16.0m |
| Free cash flow | ¥1.23bn | ¥839.1m | ¥440.7m | ¥527.3m | ¥347.1m | ¥179.8m |
| Dividends paid | −¥181.1m | −¥149.2m | −¥104.4m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.04bn | ¥953.9m | ¥918.6m | ¥870.7m | ¥849.1m | ¥754.1m | ¥711.6m | ¥654.5m |
| Gross profit | ¥800.2m | ¥715.3m | ¥700.3m | ¥683.9m | ¥666.4m | ¥603.9m | ¥563.1m | ¥512.1m |
| Operating income | ¥512.2m | ¥434.4m | ¥341.5m | ¥407.5m | ¥411.6m | ¥376.8m | ¥312.5m | ¥295.1m |
| Net income | ¥358.8m | ¥305.1m | ¥255.8m | ¥284.4m | ¥286.2m | ¥261.9m | ¥229.0m | ¥213.4m |
| Diluted earnings per share | 23.66 | 20.12 | 16.71 | 18.58 | 18.70 | 17.11 | 14.99 | 13.97 |
| Total assets | ¥4.35bn | ¥3.72bn | ¥4.28bn | ¥3.70bn | ¥3.52bn | ¥2.98bn | ¥3.10bn | ¥2.61bn |
| Cash and short-term investments | ¥2.81bn | ¥2.29bn | ¥2.86bn | ¥2.41bn | ¥2.22bn | ¥1.86bn | ¥1.97bn | ¥1.56bn |
| Shareholders' equity | ¥3.54bn | ¥3.15bn | ¥3.38bn | ¥3.11bn | ¥2.82bn | ¥2.49bn | ¥2.41bn | ¥2.17bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 78.3% | 75.6% | 77.4% | 78.5% | 81.3% | 83.4% |
| Operating margin | 45.3% | 44.3% | 43.9% | 43.2% | 33.7% | 25.5% |
| Net margin | 32.1% | 31.4% | 29.6% | 28.0% | 28.5% | 23.4% |
| Return on equity | 32.2% | 33.6% | 36.3% | 40.7% | 67.5% | 112.8% |
| Return on assets | 25.4% | 26.1% | 25.4% | 27.2% | 32.1% | 30.3% |
| Free cash flow yield | 4.1% | 2.7% | 2.5% | 1.9% | — | — |
| Revenue growth | 31.9% | 24.3% | 29.1% | 34.4% | 50.8% | — |
| Earnings growth | 34.6% | 31.9% | 36.3% | 32.1% | 84.1% | — |
| Current ratio | 4.46x | 4.52x | 3.15x | 3.11x | 2.28x | 1.84x |
| Debt to equity | — | — | 0.05x | 0.09x | 0.36x | 1.37x |
| Equity ratio | 78.8% | 77.8% | 70.1% | 67.0% | 47.5% | 26.8% |
| Interest coverage | 4548.73x | 488.04x | 274.46x | 120.05x | 147.54x | 126.51x |
| R&D as a share of sales | — | 0.4% | 0.7% | 0.5% | 1.3% | 2.0% |
| Buybacks as a share of market value | -0.2% | 0.2% | -10.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.4% | 33.8% | — |
| Operating income | 30.4% | 50.1% | — |
| Net income | 34.3% | 42.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.1% | 77.4% | 78.2% | — |
| Operating margin | 44.9% | 44.4% | 42.0% | — |
| Net margin | 31.8% | 30.7% | 30.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 36.9 | 37.1 | 50.2 | 56.3 |
| Price to sales | 11.8 | 11.7 | 14.9 | 15.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 28.00 | 10.00 | 7.50 |
- 2-for-1 split · 28 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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