N 
885
+0.68%
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
¥4.56bn
FY2021FY2026
Net income
¥86.5m
FY2021FY2026
Free cash flow
¥39.9m
FY2021FY2026
Shareholders' equity
¥1.21bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥4.56bn | ¥4.15bn | ¥4.08bn | ¥3.55bn | ¥3.23bn | ¥2.82bn |
| Gross profit | ¥728.9m | ¥704.5m | ¥813.2m | ¥689.0m | ¥527.4m | ¥407.8m |
| Operating income | ¥65.4m | ¥99.4m | ¥251.9m | ¥203.4m | ¥133.5m | ¥54.3m |
| Net income | ¥86.5m | ¥82.0m | ¥202.1m | ¥137.2m | ¥94.3m | ¥32.5m |
| Diluted earnings per share | 20.84 | 19.75 | 48.97 | 33.25 | 68.51 | 7.83 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.26bn | ¥2.13bn | ¥2.13bn | ¥1.81bn | ¥1.32bn | ¥1.25bn |
| Cash and short-term investments | ¥671.8m | ¥738.5m | ¥848.7m | ¥922.4m | ¥508.2m | ¥613.3m |
| Total liabilities | ¥1.05bn | ¥990.1m | ¥1.04bn | ¥908.3m | ¥799.4m | ¥843.7m |
| Debt | ¥400.9m | ¥381.8m | ¥340.1m | ¥235.2m | ¥298.0m | ¥296.6m |
| Shareholders' equity | ¥1.21bn | ¥1.14bn | ¥1.08bn | ¥898.7m | ¥516.4m | ¥410.3m |
| Shares outstanding | 4m | 4m | 4m | 4m | 1m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥56.7m | ¥53.9m | ¥127.9m | ¥286.4m | −¥32.8m | ¥186.2m |
| Capital spending | −¥16.8m | −¥166.0m | −¥295.0m | −¥20.0m | −¥66.9m | −¥12.0m |
| Free cash flow | ¥39.9m | −¥112.1m | −¥167.1m | ¥266.4m | −¥99.7m | ¥174.2m |
| Dividends paid | −¥27.5m | −¥27.6m | −¥20.6m | −¥17.8m | −¥17.0m | −¥5.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.20bn | ¥1.24bn | ¥1.19bn | ¥1.07bn | ¥1.06bn | ¥1.10bn | ¥1.07bn | ¥990.0m |
| Gross profit | ¥197.1m | ¥268.2m | ¥181.3m | ¥131.3m | ¥148.0m | ¥228.0m | ¥195.0m | ¥152.0m |
| Operating income | −¥6.5m | ¥97.3m | ¥2.3m | −¥10.7m | −¥23.0m | ¥75.0m | ¥51.0m | ¥10.0m |
| Net income | −¥12.7m | ¥120.9m | −¥15.8m | ¥16.1m | −¥34.0m | ¥73.0m | ¥32.0m | ¥41.0m |
| Diluted earnings per share | -3.05 | 29.13 | -3.81 | 3.89 | -8.19 | 17.59 | 7.75 | 9.93 |
| Total assets | ¥2.16bn | ¥2.26bn | ¥2.20bn | ¥2.13bn | ¥2.01bn | ¥2.13bn | ¥2.13bn | ¥2.02bn |
| Cash and short-term investments | ¥628.4m | ¥671.8m | ¥626.7m | ¥757.5m | ¥681.4m | ¥738.5m | ¥680.0m | ¥644.9m |
| Debt | ¥121.7m | ¥400.9m | ¥124.2m | ¥434.1m | ¥109.0m | ¥369.9m | ¥125.0m | ¥405.9m |
| Shareholders' equity | ¥1.15bn | ¥1.21bn | ¥1.09bn | ¥1.10bn | ¥1.08bn | ¥1.14bn | ¥1.07bn | ¥1.03bn |
Financial ratios
Data as of 24 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.0% | 17.0% | 19.9% | 19.4% | 16.3% | 14.4% |
| Operating margin | 1.4% | 3.0% | 6.6% | 5.4% | 4.2% | 2.0% |
| Net margin | 1.9% | 2.0% | 5.0% | 3.9% | 2.9% | 1.2% |
| Return on equity | 7.2% | 7.2% | 18.7% | 15.3% | 18.3% | 7.9% |
| Return on assets | 3.8% | 3.9% | 9.5% | 7.6% | 7.2% | 2.6% |
| Free cash flow yield | 1.3% | 1.3% | 3.0% | 6.7% | -2.3% | — |
| Revenue growth | 9.7% | 1.9% | 14.8% | 9.9% | 14.4% | — |
| Earnings growth | 5.5% | -59.4% | 47.3% | 45.6% | 190.2% | — |
| Current ratio | 1.97x | 2.01x | 1.56x | 1.98x | 1.73x | 1.64x |
| Debt to equity | 0.33x | 0.32x | 0.31x | 0.25x | 0.55x | 0.68x |
| Equity ratio | 53.5% | 53.5% | 50.9% | 49.7% | 39.2% | 32.7% |
| Interest coverage | 13.06x | 40.71x | 246.40x | 171.86x | 134.44x | 41.99x |
| Buybacks as a share of market value | 0.0% | -0.6% | 0.0% | -200.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.7% | 10.1% | — |
| Operating income | -31.5% | 3.8% | — |
| Net income | -14.3% | 21.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.5% | 18.0% | 17.3% | — |
| Operating margin | 1.9% | 3.8% | 3.6% | — |
| Net margin | 1.9% | 3.1% | 2.8% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 38.9 | 31.1 | 6.8 | 14.6 |
| Price to sales | 0.7 | 0.6 | 0.3 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 16.667 | 6.667 | 5.00 |
- 3-for-1 split · 29 Sept 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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