F 
201
+4.15%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥3.12bn
FY2020FY2026
Net income
−¥2.30bn
FY2020FY2026
Free cash flow
−¥2.28bn
FY2020FY2026
Shareholders' equity
¥1.86bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥3.12bn | ¥3.98bn | ¥6.47bn | ¥11.05bn | ¥11.36bn | ¥3.61bn | ¥2.96bn |
| Gross profit | −¥30.0m | ¥482.0m | ¥2.07bn | ¥4.02bn | ¥4.05bn | ¥1.30bn | ¥1.24bn |
| Research and development | — | — | ¥5.0m | — | — | — | — |
| Operating income | −¥2.32bn | −¥1.73bn | ¥262.0m | ¥2.11bn | ¥2.39bn | ¥317.5m | ¥338.0m |
| Net income | −¥2.30bn | −¥2.12bn | ¥156.0m | ¥1.38bn | ¥1.50bn | ¥196.2m | ¥142.8m |
| Diluted earnings per share | -145.08 | -142.94 | 10.56 | 87.52 | 102.65 | 12.37 | 9.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥2.38bn | ¥4.49bn | ¥6.59bn | ¥7.14bn | ¥7.19bn | ¥2.63bn | ¥2.57bn |
| Cash and short-term investments | ¥1.21bn | ¥3.09bn | ¥4.16bn | ¥4.84bn | ¥3.69bn | ¥1.47bn | ¥1.71bn |
| Total liabilities | ¥519.0m | ¥685.0m | ¥713.0m | ¥1.42bn | ¥3.98bn | ¥915.3m | ¥1.05bn |
| Debt | ¥4.0m | ¥9.0m | ¥17.0m | ¥38.3m | ¥118.7m | ¥274.5m | ¥478.8m |
| Shareholders' equity | ¥1.86bn | ¥3.76bn | ¥5.88bn | ¥5.72bn | ¥3.21bn | ¥1.72bn | ¥1.52bn |
| Shares outstanding | 16m | 15m | 15m | 16m | 15m | 16m | 16m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −¥2.24bn | −¥1.05bn | −¥626.0m | ¥539.8m | ¥2.48bn | −¥3.2m | ¥210.7m |
| Capital spending | −¥39.0m | −¥30.0m | −¥46.0m | −¥224.7m | −¥45.4m | −¥29.9m | −¥16.8m |
| Free cash flow | −¥2.28bn | −¥1.08bn | −¥672.0m | ¥315.1m | ¥2.43bn | −¥33.1m | ¥193.8m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥766.0m | ¥793.0m | ¥773.0m | ¥790.0m | ¥890.0m | ¥871.0m | ¥1.21bn | ¥1.01bn |
| Gross profit | −¥18.0m | −¥40.0m | −¥2.0m | ¥30.0m | ¥84.0m | ¥13.0m | ¥289.0m | ¥96.0m |
| Operating income | −¥438.0m | −¥606.0m | −¥613.0m | −¥659.0m | −¥586.0m | −¥617.0m | −¥157.0m | −¥370.0m |
| Net income | −¥459.0m | −¥596.0m | −¥599.0m | −¥648.0m | −¥918.0m | −¥833.0m | −¥106.0m | −¥260.0m |
| Diluted earnings per share | -28.93 | -37.56 | -37.75 | -43.75 | -61.98 | -56.25 | -7.16 | -17.60 |
| Total assets | ¥2.38bn | ¥2.94bn | ¥3.21bn | ¥3.81bn | ¥4.49bn | ¥5.32bn | ¥6.12bn | ¥6.23bn |
| Cash and short-term investments | ¥1.21bn | ¥1.72bn | ¥1.68bn | ¥2.43bn | ¥3.09bn | ¥3.55bn | ¥3.25bn | ¥3.71bn |
| Debt | ¥4.0m | ¥14.0m | ¥23.0m | ¥32.0m | ¥9.0m | ¥7.0m | ¥13.0m | ¥7.0m |
| Shareholders' equity | ¥1.86bn | ¥2.32bn | ¥2.52bn | ¥3.12bn | ¥3.76bn | ¥4.68bn | ¥5.51bn | ¥5.62bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.1% | 31.9% | 36.4% | 35.7% | 35.9% | 42.0% |
| Operating margin | -43.5% | 4.1% | 19.1% | 21.1% | 8.8% | 11.4% |
| Net margin | -53.2% | 2.4% | 12.5% | 13.2% | 5.4% | 4.8% |
| Return on equity | -56.3% | 2.7% | 24.2% | 46.6% | 11.4% | 9.4% |
| Return on assets | -47.1% | 2.4% | 19.4% | 20.8% | 7.5% | 5.6% |
| Free cash flow yield | -27.1% | -15.5% | 19.1% | 68.5% | — | — |
| Revenue growth | -38.5% | -41.5% | -2.7% | 215.0% | 21.8% | — |
| Earnings growth | -1457.1% | -88.7% | -7.6% | 662.1% | 37.4% | — |
| Current ratio | 6.07x | 8.33x | 4.50x | 1.70x | 2.86x | 2.86x |
| Debt to equity | 0.00x | 0.00x | 0.01x | 0.04x | 0.16x | 0.31x |
| Equity ratio | 83.7% | 89.2% | 80.1% | 44.7% | 65.2% | 59.1% |
| Interest coverage | — | — | 2807.08x | 817.33x | 79.21x | 32.22x |
| R&D as a share of sales | — | 0.1% | — | — | — | — |
| Buybacks as a share of market value | -0.2% | 6.4% | -8.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.4% | -2.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.4% | 26.6% | 30.0% | — |
| Operating margin | -57.0% | -6.8% | 2.6% | — |
| Net margin | -62.2% | -11.7% | -3.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | -1.6 | -2.8 | 88.1 | 15.9 | 19.9 |
| Price to sales | 1.2 | 1.5 | 2.1 | 2.0 | 2.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.