K 
111
+1.83%
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
¥2.01bn
FY2016FY2025
Net income
−¥3.08bn
FY2016FY2025
Free cash flow
−¥573.9m
FY2016FY2025
Shareholders' equity
¥732.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.01bn | ¥1.57bn | ¥704.6m | ¥1.06bn | ¥1.03bn | ¥1.00bn | ¥1.23bn | ¥1.70bn | ¥2.00bn | ¥2.66bn |
| Research and development | ¥933.7m | — | — | — | — | ¥625,000 | — | — | ¥37.0m | ¥15.0m |
| Operating income | −¥1.42bn | ¥95.4m | −¥407.5m | ¥19.6m | ¥25.8m | ¥761.4m | −¥358.9m | −¥218.8m | −¥138.0m | −¥606.6m |
| Net income | −¥3.08bn | ¥31.1m | −¥555.3m | ¥744,000 | ¥9.0m | ¥734.9m | −¥1.08bn | −¥293.8m | −¥198.3m | −¥2.00bn |
| Diluted earnings per share | -64.29 | 0.69 | -16.58 | 0.02 | 0.27 | 24.28 | -66.99 | -18.26 | -12.27 | -39.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.82bn | ¥4.66bn | ¥1.12bn | ¥1.53bn | ¥1.67bn | ¥1.26bn | ¥1.22bn | ¥2.53bn | ¥2.96bn | ¥4.08bn |
| Cash and short-term investments | ¥97.1m | ¥639.9m | ¥51.6m | ¥94.2m | ¥204.9m | ¥154.9m | ¥37.0m | ¥156.0m | ¥229.5m | ¥160.7m |
| Total liabilities | ¥1.09bn | ¥912.5m | ¥919.6m | ¥842.3m | ¥980.5m | ¥959.0m | ¥2.35bn | ¥2.58bn | ¥2.71bn | ¥3.63bn |
| Debt | ¥659.8m | ¥523.7m | ¥638.1m | ¥670.9m | ¥784.7m | ¥782.6m | ¥2.15bn | ¥2.36bn | ¥2.36bn | ¥3.19bn |
| Shareholders' equity | ¥732.9m | ¥3.74bn | ¥197.5m | ¥689.1m | ¥688.1m | ¥301.1m | −¥1.14bn | −¥54.4m | ¥244.7m | ¥452.2m |
| Shares outstanding | 48m | 45m | 33m | 33m | 33m | 30m | 16m | 16m | 16m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥225.9m | −¥373.4m | −¥27.1m | ¥230.4m | −¥223.1m | −¥306.0m | −¥169.0m | −¥14.0m | ¥43.0m | −¥1.23bn |
| Capital spending | −¥347.9m | −¥464.1m | −¥146.1m | −¥247.7m | −¥43.3m | −¥23.5m | −¥19.3m | −¥47.0m | −¥48.0m | −¥29.0m |
| Free cash flow | −¥573.9m | −¥837.4m | −¥173.2m | −¥17.2m | −¥266.5m | −¥329.5m | −¥188.3m | −¥61.0m | −¥5.0m | −¥1.26bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥323.8m | ¥321.9m | ¥251.9m | ¥678.0m | ¥122.6m | ¥958.3m | ¥706.0m | ¥275.5m |
| Operating income | −¥113.5m | −¥110.6m | −¥1.14bn | −¥46.6m | −¥250.6m | ¥8.2m | ¥54.5m | ¥7.5m |
| Net income | −¥143.5m | −¥144.0m | −¥2.71bn | −¥98.4m | −¥195.9m | −¥80.3m | ¥16.2m | −¥14.3m |
| Diluted earnings per share | -2.81 | -2.82 | -56.48 | -2.05 | -4.08 | -1.67 | 0.36 | -0.32 |
| Cash from operations | — | — | — | — | ¥227.0m | — | −¥272.0m | — |
| Capital spending | — | — | — | — | −¥487.0m | — | −¥461.0m | — |
| Free cash flow | — | — | — | — | −¥260.0m | — | −¥733.0m | — |
| Total assets | ¥1.90bn | ¥1.94bn | ¥1.82bn | ¥4.37bn | ¥4.36bn | ¥4.88bn | ¥4.66bn | ¥1.95bn |
| Cash and short-term investments | ¥218.6m | ¥155.2m | ¥97.1m | ¥207.9m | ¥224.8m | ¥82.4m | ¥639.9m | ¥481.6m |
| Debt | ¥473.8m | ¥606.1m | ¥659.8m | ¥249.6m | ¥364.4m | ¥354.7m | ¥358.9m | ¥203.7m |
| Shareholders' equity | ¥1.00bn | ¥630.1m | ¥732.9m | ¥3.44bn | ¥3.54bn | ¥3.72bn | ¥3.74bn | ¥1.25bn |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -151.4% | 4.0% | -76.3% | 1.9% | 2.5% | 75.9% | — | — | — | — |
| Net margin | -153.4% | 2.0% | -78.8% | 0.1% | 0.9% | 73.2% | — | — | — | — |
| Return on equity | -420.8% | 0.8% | -281.2% | 0.1% | 1.3% | 244.1% | — | — | — | — |
| Return on assets | -169.4% | 0.7% | -49.7% | 0.0% | 0.5% | 58.3% | — | — | — | — |
| Free cash flow yield | 1.9% | 1.5% | 2.7% | 11.0% | -4.1% | -7.0% | — | — | — | — |
| Revenue growth | 28.3% | 122.5% | -33.4% | 2.4% | 3.0% | -18.2% | — | — | — | — |
| Earnings growth | -10009.8% | -105.6% | -74731.5% | -91.8% | -98.8% | -168.0% | — | — | — | — |
| Current ratio | 0.74x | 1.99x | 0.48x | 1.57x | 2.40x | 1.97x | — | — | — | — |
| Debt to equity | 0.90x | 0.14x | 2.98x | 0.88x | 1.03x | 2.60x | — | — | — | — |
| Equity ratio | 40.2% | 80.4% | 17.7% | 45.0% | 41.2% | 23.9% | — | — | — | — |
| Interest coverage | -220.26x | 4.71x | -32.54x | 1.11x | 1.36x | 24.59x | — | — | — | — |
| R&D as a share of sales | 46.4% | — | — | — | — | 0.1% | 1.9% | 0.6% | 3.7% | 2.9% |
| Buybacks as a share of market value | -6.9% | -34.0% | -2.8% | 1.4% | -9.1% | -87.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.8% | 14.9% | -10.2% |
| Operating income | — | — | 9.6% |
| Net income | — | — | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -37.1% | -32.1% | -12.6% | -13.6% |
| Net margin | -85.3% | -67.5% | -38.8% | -33.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | 363.4 | -5.4 | — | 468.5 | 4.8 | -1.8 | -9.1 | -17.7 | -6.5 |
| Price to sales | 3.3 | 7.2 | 4.2 | 3.9 | 4.1 | 3.5 | 1.6 | 1.6 | 1.8 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Dec 2006.
| FY2006 | FY2005 | FY2004 | FY2002 | FY2001 | FY2000 | FY1998 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 10.00 | 10.00 | 3.00 | 10.00 | 3.00 | 12.00 |
- 1.5-for-1 split · 26 Dec 1995
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.