R 
399
+0.25%
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
¥2.18bn
FY2021FY2026
Net income
¥74.5m
FY2021FY2026
Free cash flow
−¥52.7m
FY2021FY2026
Shareholders' equity
¥1.28bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥2.18bn | ¥1.93bn | ¥1.49bn | ¥1.16bn | ¥890.2m | ¥475.9m |
| Gross profit | ¥2.07bn | ¥1.85bn | ¥1.43bn | ¥1.14bn | ¥871.8m | ¥472.7m |
| Operating income | ¥97.2m | ¥487.1m | ¥335.1m | ¥255.3m | ¥211.6m | ¥108.4m |
| Net income | ¥74.5m | ¥362.9m | ¥228.8m | ¥158.5m | ¥139.7m | ¥90.4m |
| Diluted earnings per share | 15.15 | 73.06 | 45.82 | 32.24 | 25.77 | 18.39 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.27bn | ¥1.96bn | ¥1.47bn | ¥1.08bn | ¥796.3m | ¥524.1m |
| Cash and short-term investments | ¥1.19bn | ¥1.54bn | ¥1.12bn | ¥792.6m | ¥553.5m | ¥424.7m |
| Total liabilities | ¥988.8m | ¥581.8m | ¥495.6m | ¥339.0m | ¥383.2m | ¥250.8m |
| Debt | ¥100.0m | — | — | — | ¥97.5m | ¥96.4m |
| Shareholders' equity | ¥1.28bn | ¥1.38bn | ¥970.7m | ¥740.9m | ¥413.1m | ¥273.3m |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥53.5m | ¥461.1m | ¥374.8m | ¥221.8m | ¥249.5m | ¥54.9m |
| Capital spending | −¥106.2m | −¥6.0m | −¥41.1m | −¥47.8m | −¥77.6m | −¥3.3m |
| Free cash flow | −¥52.7m | ¥455.1m | ¥333.7m | ¥174.1m | ¥171.9m | ¥51.6m |
| Dividends paid | −¥171.9m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥568.1m | ¥576.1m | ¥604.0m | ¥506.6m | ¥494.4m | ¥510.2m | ¥548.0m | ¥456.0m |
| Gross profit | ¥512.0m | ¥549.8m | ¥584.0m | ¥486.4m | ¥477.1m | ¥493.5m | ¥532.0m | ¥441.0m |
| Operating income | −¥47.5m | ¥2.5m | ¥28.3m | ¥4.6m | ¥61.8m | ¥109.7m | ¥164.0m | ¥120.0m |
| Net income | −¥18.3m | ¥8.4m | ¥19.5m | ¥3.9m | ¥42.7m | ¥121.9m | ¥105.0m | ¥75.0m |
| Diluted earnings per share | -3.72 | 1.70 | 3.92 | 0.79 | 8.60 | 24.54 | 21.03 | 15.02 |
| Total assets | ¥2.13bn | ¥2.27bn | ¥2.01bn | ¥1.79bn | ¥1.78bn | ¥1.96bn | ¥1.83bn | ¥1.60bn |
| Cash and short-term investments | ¥1.09bn | ¥1.19bn | ¥1.25bn | ¥1.19bn | ¥1.20bn | ¥1.54bn | ¥1.41bn | ¥1.21bn |
| Debt | ¥300.0m | ¥100.0m | ¥100.0m | — | — | — | — | — |
| Shareholders' equity | ¥1.27bn | ¥1.28bn | ¥1.28bn | ¥1.26bn | ¥1.25bn | ¥1.38bn | ¥1.22bn | ¥1.11bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 95.0% | 96.1% | 96.1% | 97.9% | 97.9% | 99.3% |
| Operating margin | 4.5% | 25.5% | 22.6% | 21.4% | 23.3% | 23.9% |
| Net margin | 3.4% | 18.8% | 15.4% | 13.7% | 15.7% | 19.0% |
| Return on equity | 5.8% | 26.3% | 23.6% | 21.4% | 33.8% | 33.1% |
| Return on assets | 3.3% | 18.5% | 15.6% | 14.7% | 17.5% | 17.2% |
| Free cash flow yield | 2.6% | 22.4% | 18.1% | 10.9% | 11.1% | — |
| Revenue growth | 13.2% | 29.3% | 28.4% | 30.4% | 87.1% | — |
| Earnings growth | -79.5% | 58.6% | 44.4% | 13.4% | 54.6% | — |
| Current ratio | 1.51x | 2.98x | 2.60x | 2.71x | 2.08x | 3.01x |
| Debt to equity | 0.08x | — | — | 0.00x | 0.24x | 0.35x |
| Equity ratio | 56.5% | 70.3% | 66.2% | 68.6% | 51.9% | 52.1% |
| Interest coverage | 186.51x | — | — | 13084.16x | 442.29x | 2190.46x |
| Buybacks as a share of market value | 1.0% | 0.5% | -1.6% | 9.3% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.4% | 35.6% | — |
| Operating income | -27.5% | -2.2% | — |
| Net income | -22.3% | -3.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.5% | 96.1% | 96.5% | — |
| Operating margin | 14.2% | 17.4% | 18.4% | — |
| Net margin | 10.6% | 12.2% | 13.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 27.4 | 11.4 | 31.1 | 26.4 | 43.5 |
| Price to sales | 0.9 | 2.1 | 4.8 | 3.6 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 28 Mar 2025.
| FY2026 | |
|---|---|
| Paid in the year | 35.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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