C 
2,144
-1.97%
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
¥51.10bn
FY2017FY2026
Net income
¥1.27bn
FY2017FY2026
Free cash flow
−¥10.10bn
FY2017FY2026
Shareholders' equity
¥74.96bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥51.10bn | ¥51.05bn | ¥67.78bn | ¥76.32bn | ¥64.40bn | ¥40.33bn | ¥44.47bn | ¥52.23bn | ¥45.34bn | ¥36.34bn |
| Gross profit | ¥5.62bn | ¥7.02bn | ¥15.59bn | ¥17.70bn | ¥10.70bn | ¥7.14bn | ¥9.59bn | ¥7.95bn | ¥7.38bn | ¥7.15bn |
| Research and development | — | ¥24.0m | ¥32.0m | ¥42.0m | ¥65.0m | ¥73.0m | ¥120.0m | ¥51.0m | ¥70.0m | ¥127.0m |
| Operating income | ¥924.0m | ¥2.71bn | ¥10.43bn | ¥12.26bn | ¥5.55bn | ¥2.58bn | ¥4.65bn | ¥2.81bn | ¥3.02bn | ¥3.09bn |
| Net income | ¥1.27bn | ¥1.73bn | ¥7.13bn | ¥8.58bn | ¥3.79bn | ¥1.59bn | ¥2.75bn | ¥1.73bn | ¥2.35bn | ¥2.04bn |
| Diluted earnings per share | 47.25 | 63.93 | 263.38 | 311.34 | 137.02 | 57.72 | 99.55 | 62.52 | 84.53 | 72.60 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥84.58bn | ¥84.56bn | ¥93.55bn | ¥88.09bn | ¥78.05bn | ¥69.77bn | ¥68.28bn | ¥68.77bn | ¥67.82bn | ¥64.08bn |
| Cash and short-term investments | ¥18.74bn | ¥29.93bn | ¥20.51bn | ¥25.50bn | ¥20.61bn | ¥23.27bn | ¥25.69bn | ¥16.12bn | ¥16.29bn | ¥17.43bn |
| Total liabilities | ¥8.84bn | ¥8.54bn | ¥16.05bn | ¥14.37bn | ¥11.99bn | ¥7.00bn | ¥7.12bn | ¥9.73bn | ¥9.40bn | ¥7.55bn |
| Debt | ¥18.0m | ¥31.0m | ¥44.0m | ¥43.0m | ¥3.0m | — | −¥2.14bn | ¥2.0m | ¥2.0m | ¥5.0m |
| Shareholders' equity | ¥74.96bn | ¥75.28bn | ¥76.80bn | ¥73.08bn | ¥65.45bn | ¥62.23bn | ¥60.68bn | ¥58.64bn | ¥58.08bn | ¥56.23bn |
| Shares outstanding | 27m | 27m | 27m | 28m | 28m | 28m | 28m | 28m | 28m | 28m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥5.84bn | ¥21.52bn | ¥3.87bn | ¥10.13bn | −¥1.19bn | ¥358.0m | ¥13.28bn | ¥2.21bn | ¥447.0m | ¥2.18bn |
| Capital spending | −¥4.26bn | −¥6.12bn | −¥2.77bn | −¥2.43bn | −¥739.0m | −¥1.54bn | −¥1.74bn | −¥1.68bn | −¥1.91bn | −¥1.54bn |
| Free cash flow | −¥10.10bn | ¥15.40bn | ¥1.10bn | ¥7.70bn | −¥1.93bn | −¥1.18bn | ¥11.54bn | ¥524.0m | −¥1.47bn | ¥645.0m |
| Dividends paid | −¥2.74bn | −¥3.00bn | −¥3.15bn | −¥1.41bn | −¥607.0m | −¥772.0m | −¥551.0m | −¥475.0m | −¥505.0m | −¥511.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.05bn | ¥14.29bn | ¥13.55bn | ¥11.22bn | ¥12.04bn | ¥8.31bn | ¥12.20bn | ¥13.04bn |
| Gross profit | ¥1.06bn | ¥1.37bn | ¥1.49bn | ¥1.36bn | ¥1.57bn | −¥124.0m | ¥1.13bn | ¥1.98bn |
| Operating income | −¥312.0m | ¥188.0m | ¥175.0m | ¥220.0m | ¥341.0m | −¥946.0m | ¥21.0m | ¥829.0m |
| Net income | −¥125.0m | ¥632.0m | ¥202.0m | ¥106.0m | ¥335.0m | −¥781.0m | ¥11.0m | ¥458.0m |
| Diluted earnings per share | -4.63 | 23.42 | 7.46 | 3.91 | 12.37 | -28.83 | 0.41 | 16.91 |
| Cash from operations | — | — | — | — | — | — | — | ¥5.34bn |
| Capital spending | — | — | — | — | — | — | — | −¥1.64bn |
| Free cash flow | — | — | — | — | — | — | — | ¥3.70bn |
| Total assets | ¥83.60bn | ¥84.58bn | ¥85.87bn | ¥83.92bn | ¥83.64bn | ¥84.56bn | ¥87.89bn | ¥87.21bn |
| Cash and short-term investments | ¥13.67bn | ¥18.74bn | ¥15.83bn | ¥20.53bn | ¥20.50bn | ¥29.93bn | ¥24.15bn | ¥26.14bn |
| Debt | — | ¥11.0m | — | — | — | ¥12.0m | — | — |
| Shareholders' equity | ¥73.08bn | ¥74.96bn | ¥74.05bn | ¥74.84bn | ¥74.32bn | ¥75.28bn | ¥76.02bn | ¥77.23bn |
Financial ratios
Data as of 15 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 11.0% | 13.7% | 23.0% | 23.2% | 16.6% | 17.7% | — |
| Operating margin | 1.8% | 5.3% | 15.4% | 16.1% | 8.6% | 6.4% | — |
| Net margin | 2.5% | 3.4% | 10.5% | 11.2% | 5.9% | 4.0% | — |
| Return on equity | 1.7% | 2.3% | 9.3% | 11.7% | 5.8% | 2.6% | — |
| Return on assets | 1.5% | 2.0% | 7.6% | 9.7% | 4.8% | 2.3% | — |
| Free cash flow yield | -2.7% | 46.9% | 11.3% | 21.0% | -0.7% | 3.2% | — |
| Revenue growth | 0.1% | -24.7% | -11.2% | 18.5% | 59.7% | -9.3% | — |
| Earnings growth | -26.4% | -75.7% | -16.8% | 126.6% | 137.5% | -42.0% | — |
| Current ratio | 5.87x | 6.18x | 4.09x | 4.55x | 4.95x | 7.66x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | -0.00x | 0.00x | — |
| Equity ratio | 88.6% | 89.0% | 82.1% | 83.0% | 83.9% | 89.2% | — |
| Interest coverage | 102.67x | 300.56x | 1737.67x | 2043.67x | 925.83x | 515.20x | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.3% |
| Buybacks as a share of market value | 0.4% | -0.0% | 1.7% | 0.3% | -0.0% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.5% | 4.9% | 3.1% |
| Operating income | -57.8% | -18.5% | -14.2% |
| Net income | -47.0% | -4.4% | -7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.4% | 18.7% | 18.2% | 18.4% |
| Operating margin | 3.6% | 10.7% | 9.8% | 9.2% |
| Net margin | 2.9% | 7.6% | 6.9% | 6.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 46.7 | 34.9 | 9.4 | 7.5 | 10.7 |
| Price to sales | 1.2 | 1.2 | 1.0 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Paid in the year | 56.00 | 155.00 | 111.00 | 40.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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