B 
517
+13.63%
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
¥6.04bn
FY2021FY2026
Net income
¥65.5m
FY2021FY2026
Free cash flow
¥53.7m
FY2021FY2026
Shareholders' equity
¥725.0m
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥6.04bn | ¥5.10bn | ¥4.15bn | ¥3.55bn | ¥3.04bn | ¥2.48bn |
| Gross profit | ¥926.8m | ¥771.7m | ¥673.0m | ¥595.0m | ¥485.1m | ¥332.8m |
| Operating income | ¥108.4m | ¥91.9m | ¥152.7m | ¥131.3m | ¥69.1m | −¥80.7m |
| Net income | ¥65.5m | ¥62.5m | ¥110.5m | ¥77.7m | ¥65.6m | −¥81.8m |
| Diluted earnings per share | 22.62 | 22.17 | 37.12 | 26.47 | 23.83 | -28.25 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.05bn | ¥1.58bn | ¥1.38bn | ¥1.26bn | ¥865.2m | ¥658.9m |
| Cash and short-term investments | ¥949.2m | ¥765.0m | ¥693.5m | ¥696.1m | ¥369.0m | ¥199.3m |
| Total liabilities | ¥1.33bn | ¥920.6m | ¥776.6m | ¥782.5m | ¥727.7m | ¥613.0m |
| Debt | ¥624.2m | ¥381.0m | ¥281.8m | ¥329.8m | ¥389.6m | ¥316.7m |
| Shareholders' equity | ¥725.0m | ¥659.5m | ¥604.1m | ¥479.2m | ¥137.5m | ¥45.8m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥59.7m | ¥18.9m | ¥27.1m | ¥132.1m | ¥76.2m | −¥128.5m |
| Capital spending | −¥5.9m | −¥6.0m | −¥1.9m | −¥980,000 | −¥1.0m | −¥148,000 |
| Free cash flow | ¥53.7m | ¥12.9m | ¥25.2m | ¥131.2m | ¥75.2m | −¥128.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.55bn | ¥1.65bn | ¥1.56bn | ¥1.48bn | ¥1.35bn | ¥1.32bn | ¥1.29bn | ¥1.26bn |
| Gross profit | ¥257.3m | ¥242.0m | — | ¥235.4m | ¥204.1m | ¥194.7m | ¥201.0m | ¥186.7m |
| Operating income | ¥32.7m | ¥1.43bn | ¥1.34bn | ¥38.3m | ¥13.8m | −¥14.5m | ¥43.0m | ¥28.0m |
| Net income | ¥14.7m | ¥25.0m | ¥8.9m | ¥23.6m | ¥7.5m | −¥6.0m | ¥28.0m | ¥17.0m |
| Diluted earnings per share | 5.09 | 8.64 | 3.15 | 8.39 | 2.65 | -2.15 | 9.41 | 5.71 |
| Total assets | ¥2.16bn | ¥2.05bn | ¥2.01bn | ¥1.74bn | ¥1.59bn | ¥1.58bn | ¥1.57bn | ¥1.38bn |
| Cash and short-term investments | ¥1.14bn | ¥949.2m | ¥949.0m | ¥810.1m | ¥732.5m | ¥765.0m | ¥818.0m | ¥644.6m |
| Debt | ¥441.7m | ¥624.2m | ¥401.0m | ¥430.0m | ¥184.2m | ¥381.0m | ¥187.0m | ¥249.5m |
| Shareholders' equity | ¥739.7m | ¥725.0m | ¥700.0m | ¥690.6m | ¥667.0m | ¥659.5m | ¥665.0m | ¥638.0m |
Financial ratios
Data as of 31 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.4% | 15.1% | 16.2% | 16.8% | 15.9% | 13.4% |
| Operating margin | 1.8% | 1.8% | 3.7% | 3.3% | 2.4% | -3.2% |
| Net margin | 1.1% | 1.2% | 2.7% | 2.2% | 2.2% | -3.3% |
| Return on equity | 9.0% | 9.5% | 18.3% | 16.2% | 47.7% | -178.4% |
| Return on assets | 3.2% | 4.0% | 8.0% | 6.2% | 7.6% | -12.4% |
| Free cash flow yield | 4.5% | 1.8% | 2.0% | 9.1% | 5.6% | — |
| Revenue growth | 18.3% | 22.8% | 17.1% | 16.7% | 22.8% | — |
| Earnings growth | 4.8% | -43.5% | 42.2% | 18.5% | -180.2% | — |
| Current ratio | 1.69x | 2.05x | 2.13x | 2.05x | 1.86x | 1.54x |
| Debt to equity | 0.86x | 0.58x | 0.47x | 0.69x | 2.83x | 2.33x |
| Equity ratio | 35.3% | 41.7% | 43.8% | 38.0% | 15.9% | 7.0% |
| Interest coverage | 13.12x | 19.83x | 47.87x | 34.88x | 13.62x | -17.62x |
| Buybacks as a share of market value | -2.8% | 5.3% | -1.4% | -6.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.4% | 19.5% | — |
| Operating income | -6.2% | — | — |
| Net income | -5.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.3% | 15.7% | 15.5% | — |
| Operating margin | 1.8% | 2.6% | 1.9% | — |
| Net margin | 1.1% | 1.7% | 1.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 19.6 | 34.1 | 28.7 | 39.1 | 42.5 |
| Price to sales | 0.2 | 0.4 | 0.8 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 28 Mar 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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