H 
996
-0.50%
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
¥23.60bn
FY2017FY2026
Net income
−¥339.4m
FY2017FY2026
Free cash flow
¥868.2m
FY2017FY2026
Shareholders' equity
¥17.91bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥23.60bn | ¥28.73bn | ¥31.82bn | ¥31.04bn | ¥27.36bn | ¥21.82bn | ¥22.56bn | ¥24.34bn | ¥22.20bn | ¥18.03bn |
| Gross profit | ¥2.69bn | ¥3.85bn | ¥3.67bn | ¥4.17bn | ¥2.14bn | ¥3.45bn | ¥4.23bn | ¥3.69bn | ¥2.66bn | ¥2.99bn |
| Research and development | — | — | ¥33.1m | ¥11.0m | ¥7.4m | ¥6.7m | ¥9.0m | ¥8.0m | ¥8.0m | ¥4.0m |
| Operating income | −¥309.2m | ¥668.2m | ¥528.5m | ¥1.04bn | −¥762.6m | ¥561.8m | ¥1.43bn | ¥231.7m | ¥621.2m | ¥447.2m |
| Net income | −¥339.4m | ¥572.2m | ¥467.9m | ¥1.01bn | −¥967.7m | ¥729.4m | ¥962.0m | ¥140.2m | ¥416.9m | ¥302.6m |
| Diluted earnings per share | -87.96 | 148.31 | 121.52 | 262.97 | -251.82 | 190.15 | 250.83 | 36.56 | 108.25 | 78.52 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥25.85bn | ¥26.69bn | ¥28.76bn | ¥27.96bn | ¥26.54bn | ¥26.72bn | ¥21.74bn | ¥21.87bn | ¥22.61bn | ¥20.09bn |
| Cash and short-term investments | ¥2.29bn | ¥2.24bn | ¥2.77bn | ¥2.25bn | ¥2.71bn | ¥6.19bn | ¥3.67bn | ¥3.38bn | ¥4.92bn | ¥4.15bn |
| Total liabilities | ¥7.93bn | ¥8.90bn | ¥11.79bn | ¥11.54bn | ¥11.16bn | ¥10.55bn | ¥6.07bn | ¥6.89bn | ¥7.48bn | ¥5.24bn |
| Debt | ¥2.22bn | ¥2.72bn | ¥3.78bn | ¥3.82bn | ¥3.77bn | ¥2.72bn | ¥100.6m | ¥67.4m | ¥228.0m | ¥527.0m |
| Shareholders' equity | ¥17.91bn | ¥17.79bn | ¥16.97bn | ¥16.42bn | ¥15.37bn | ¥16.17bn | ¥15.67bn | ¥14.98bn | ¥15.13bn | ¥14.85bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.66bn | ¥1.62bn | ¥2.03bn | ¥898.7m | −¥2.47bn | ¥1.73bn | ¥1.79bn | −¥214.0m | ¥1.83bn | ¥781.0m |
| Capital spending | −¥795.7m | −¥1.01bn | −¥1.37bn | −¥1.37bn | −¥2.06bn | −¥1.65bn | −¥1.38bn | −¥1.05bn | −¥619.0m | −¥543.0m |
| Free cash flow | ¥868.2m | ¥611.9m | ¥657.8m | −¥469.2m | −¥4.52bn | ¥87.7m | ¥407.6m | −¥1.26bn | ¥1.22bn | ¥238.0m |
| Dividends paid | −¥153.0m | −¥58.9m | −¥333.4m | −¥121.5m | −¥39.4m | −¥328.6m | −¥104.6m | −¥69.0m | −¥154.0m | −¥220.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.07bn | ¥5.26bn | ¥5.94bn | ¥5.91bn | ¥6.49bn | ¥6.09bn | ¥7.06bn | ¥7.56bn |
| Gross profit | ¥508.3m | ¥569.1m | ¥576.5m | ¥691.3m | ¥849.0m | ¥875.2m | ¥1.06bn | ¥940.1m |
| Operating income | −¥223.0m | −¥127.8m | −¥181.8m | −¥26.3m | ¥26.0m | ¥105.5m | ¥286.0m | ¥145.7m |
| Net income | −¥175.4m | −¥223.3m | −¥129.9m | −¥20.5m | ¥34.0m | ¥152.0m | ¥221.0m | ¥99.7m |
| Diluted earnings per share | -45.45 | -57.87 | -33.68 | -5.30 | 8.81 | 39.39 | 57.40 | 25.90 |
| Total assets | ¥26.89bn | ¥25.85bn | ¥26.42bn | ¥25.93bn | ¥26.34bn | ¥26.69bn | ¥28.28bn | ¥27.48bn |
| Cash and short-term investments | ¥2.54bn | ¥2.29bn | ¥2.13bn | ¥1.94bn | ¥2.08bn | ¥2.24bn | ¥2.04bn | ¥2.12bn |
| Debt | ¥1.55bn | ¥2.22bn | ¥1.75bn | ¥2.39bn | ¥1.55bn | ¥2.71bn | ¥2.67bn | ¥3.34bn |
| Shareholders' equity | ¥17.89bn | ¥17.91bn | ¥17.91bn | ¥17.85bn | ¥17.69bn | ¥17.79bn | ¥17.55bn | ¥17.12bn |
Financial ratios
Data as of 16 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 11.4% | 13.4% | 11.5% | 13.4% | 7.8% | 15.8% | — | — |
| Operating margin | -1.3% | 2.3% | 1.7% | 3.4% | -2.8% | 2.6% | — | — |
| Net margin | -1.4% | 2.0% | 1.5% | 3.3% | -3.5% | 3.3% | — | — |
| Return on equity | -1.9% | 3.2% | 2.8% | 6.2% | -6.3% | 4.5% | — | — |
| Return on assets | -1.3% | 2.1% | 1.6% | 3.6% | -3.6% | 2.7% | — | — |
| Free cash flow yield | 61.8% | 66.0% | 85.6% | 57.1% | -10.3% | 85.5% | — | — |
| Revenue growth | -17.9% | -9.7% | 2.5% | 13.5% | 25.4% | -3.3% | — | — |
| Earnings growth | -159.3% | 22.3% | -53.8% | -204.6% | -232.7% | -24.2% | — | — |
| Current ratio | 2.15x | 2.02x | 1.69x | 1.67x | 1.69x | 2.20x | — | — |
| Debt to equity | 0.12x | 0.15x | 0.22x | 0.23x | 0.24x | 0.17x | — | — |
| Equity ratio | 69.3% | 66.7% | 59.0% | 58.7% | 57.9% | 60.5% | — | — |
| Interest coverage | -15.17x | 30.04x | 28.33x | 57.38x | -62.13x | 46.49x | — | — |
| R&D as a share of sales | — | — | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.0% | -0.2% | -0.1% | -0.1% | -0.2% | -0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.7% | 1.6% | 1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.5% | 12.5% | 12.1% | 13.7% |
| Operating margin | 0.7% | 1.7% | 1.1% | 2.0% |
| Net margin | 0.4% | 1.5% | 0.9% | 1.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.4 | 8.4 | 10.7 | 6.0 | -5.6 | 5.2 | 5.0 | 34.3 | 9.5 | 19.7 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 43.00 | 15.00 | 85.00 | 31.00 | 10.00 | 85.00 | 27.00 | 18.00 |
- 5-to-1 reverse split · 28 Sept 2016
- 1.1-for-1 split · 28 Jan 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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