T 
421
+4.21%
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
¥51.22bn
FY2019FY2026
Net income
¥2.12bn
FY2019FY2026
Free cash flow
−¥1.32bn
FY2019FY2026
Shareholders' equity
¥52.12bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥51.22bn | ¥36.68bn | ¥30.64bn | ¥34.41bn | ¥34.95bn | ¥34.25bn | ¥28.41bn | ¥29.64bn |
| Gross profit | ¥10.42bn | ¥7.45bn | ¥6.55bn | ¥10.61bn | ¥8.46bn | ¥7.54bn | ¥6.30bn | ¥5.05bn |
| Research and development | — | ¥342.0m | ¥344.0m | ¥392.0m | ¥253.0m | ¥303.0m | ¥263.0m | ¥914.0m |
| Operating income | ¥5.33bn | ¥2.55bn | ¥2.37bn | ¥6.87bn | ¥5.15bn | ¥4.40bn | ¥3.51bn | ¥1.11bn |
| Net income | ¥2.12bn | ¥205.0m | ¥1.19bn | ¥3.59bn | ¥2.69bn | ¥1.99bn | ¥1.63bn | ¥39.0m |
| Diluted earnings per share | 30.05 | 2.90 | 16.81 | 50.91 | 51.94 | 38.35 | 62.74 | 0.55 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥164.95bn | ¥151.26bn | ¥119.13bn | ¥94.09bn | ¥94.26bn | ¥100.72bn | ¥81.16bn | ¥59.18bn |
| Cash and short-term investments | ¥19.14bn | ¥22.88bn | ¥18.34bn | ¥15.36bn | ¥22.60bn | ¥26.04bn | ¥11.49bn | ¥7.95bn |
| Total liabilities | ¥112.52bn | ¥108.40bn | ¥77.33bn | ¥65.75bn | ¥69.01bn | ¥77.91bn | ¥72.75bn | ¥50.64bn |
| Debt | ¥92.79bn | ¥92.77bn | ¥65.64bn | ¥57.92bn | ¥61.11bn | ¥70.55bn | ¥65.01bn | ¥42.19bn |
| Shareholders' equity | ¥52.12bn | ¥42.56bn | ¥41.51bn | ¥28.25bn | ¥25.21bn | ¥22.73bn | ¥7.76bn | ¥6.95bn |
| Shares outstanding | 71m | 71m | 71m | 71m | 52m | 52m | 26m | 71m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.10bn | ¥7.82bn | −¥42.0m | ¥13.83bn | ¥14.65bn | ¥431.0m | −¥1.61bn | ¥1.18bn |
| Capital spending | −¥6.42bn | −¥8.87bn | −¥15.14bn | −¥15.93bn | −¥3.38bn | −¥4.18bn | −¥15.22bn | −¥8.35bn |
| Free cash flow | −¥1.32bn | −¥1.05bn | −¥15.18bn | −¥2.10bn | ¥11.27bn | −¥3.75bn | −¥16.83bn | −¥7.16bn |
| Dividends paid | −¥361.0m | −¥1.13bn | −¥915.0m | −¥737.0m | −¥715.0m | −¥51.0m | −¥25.0m | −¥20.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.77bn | ¥10.40bn | ¥14.33bn | ¥12.71bn | ¥9.90bn | ¥8.78bn | ¥9.71bn | ¥8.31bn |
| Gross profit | ¥3.08bn | ¥1.54bn | ¥3.50bn | ¥2.30bn | ¥1.25bn | ¥1.47bn | ¥2.63bn | ¥2.10bn |
| Operating income | ¥1.73bn | ¥320.0m | ¥2.28bn | ¥996.0m | −¥122.0m | ¥261.0m | ¥1.47bn | ¥945.0m |
| Net income | ¥860.0m | −¥56.0m | ¥1.29bn | ¥25.0m | −¥412.0m | ¥20.0m | −¥88.0m | ¥685.0m |
| Diluted earnings per share | 12.17 | -0.79 | 18.33 | 0.35 | -5.84 | 0.28 | -1.25 | 9.71 |
| Total assets | ¥164.95bn | ¥162.58bn | ¥160.16bn | ¥152.88bn | ¥151.26bn | ¥149.80bn | ¥143.02bn | ¥142.45bn |
| Cash and short-term investments | ¥19.14bn | ¥19.69bn | ¥17.11bn | ¥18.43bn | ¥22.88bn | ¥20.56bn | ¥20.35bn | ¥21.80bn |
| Debt | ¥25.16bn | ¥25.52bn | ¥90.71bn | ¥23.25bn | ¥87.87bn | ¥22.24bn | ¥84.00bn | ¥19.40bn |
| Shareholders' equity | ¥52.12bn | ¥49.52bn | ¥47.27bn | ¥43.15bn | ¥42.56bn | ¥43.37bn | ¥42.40bn | ¥41.00bn |
Financial ratios
Data as of 21 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.3% | 20.3% | 21.4% | 30.8% | 24.2% | 22.0% | — |
| Operating margin | 10.4% | 6.9% | 7.7% | 20.0% | 14.7% | 12.8% | — |
| Net margin | 4.1% | 0.6% | 3.9% | 10.4% | 7.7% | 5.8% | — |
| Return on equity | 4.1% | 0.5% | 2.9% | 12.7% | 10.7% | 8.8% | — |
| Return on assets | 1.3% | 0.1% | 1.0% | 3.8% | 2.9% | 2.0% | — |
| Free cash flow yield | 28.3% | 41.0% | 37.1% | 73.1% | 60.2% | 15.4% | — |
| Revenue growth | 39.6% | 19.7% | -11.0% | -1.5% | 2.0% | 20.5% | — |
| Earnings growth | 935.6% | -82.7% | -67.0% | 33.3% | 35.4% | 22.5% | — |
| Current ratio | 1.25x | 1.40x | 1.55x | 1.44x | 1.80x | 1.65x | — |
| Debt to equity | 0.48x | 2.06x | 1.51x | 1.97x | 2.35x | 3.02x | — |
| Equity ratio | 31.6% | 28.1% | 34.8% | 30.0% | 26.7% | 22.6% | — |
| Interest coverage | 3.21x | 2.07x | 3.15x | 9.07x | 6.62x | 4.71x | — |
| R&D as a share of sales | — | 0.9% | 1.1% | 1.1% | 0.7% | 0.9% | 0.9% |
| Buybacks as a share of market value | -0.1% | -0.1% | 0.1% | -36.0% | 0.1% | -100.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.2% | 8.4% | — |
| Operating income | -8.1% | 3.9% | — |
| Net income | -16.1% | 1.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.3% | 22.9% | 23.0% | — |
| Operating margin | 9.0% | 11.2% | 12.0% | — |
| Net margin | 2.6% | 4.6% | 5.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | 121.2 | 16.5 | 8.6 | 19.9 | 53.7 |
| Price to sales | 0.6 | 0.7 | 0.6 | 0.9 | 1.5 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 9.54 | 23.66 | 26.00 | 14.318 | 20.52 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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