N 
815
+2.90%
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
¥49.62bn
FY2017FY2026
Net income
¥213.0m
FY2017FY2026
Free cash flow
¥885.0m
FY2017FY2026
Shareholders' equity
¥29.19bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥49.62bn | ¥51.30bn | ¥51.41bn | ¥52.57bn | ¥49.12bn | ¥40.11bn | ¥45.18bn | ¥49.29bn | ¥48.39bn | ¥44.02bn |
| Gross profit | ¥6.07bn | ¥4.95bn | ¥4.08bn | ¥6.27bn | ¥6.21bn | ¥2.20bn | ¥5.78bn | ¥7.84bn | ¥8.54bn | ¥6.71bn |
| Research and development | — | ¥388.0m | ¥457.0m | ¥382.0m | ¥410.0m | ¥397.0m | ¥416.2m | ¥380.9m | ¥327.1m | ¥289.6m |
| Operating income | ¥1.27bn | ¥1.59bn | ¥2.57bn | ¥1.27bn | ¥1.39bn | −¥2.45bn | ¥629.6m | ¥2.58bn | ¥3.39bn | ¥1.78bn |
| Net income | ¥213.0m | ¥703.0m | ¥1.54bn | ¥916.0m | ¥2.52bn | −¥277.0m | −¥197.4m | ¥908.8m | ¥2.39bn | ¥1.34bn |
| Diluted earnings per share | 32.99 | 108.89 | 230.80 | 136.83 | 375.99 | -41.38 | -29.48 | 135.75 | 356.95 | 200.65 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥65.70bn | ¥69.90bn | ¥75.08bn | ¥73.87bn | ¥72.18bn | ¥64.18bn | ¥61.80bn | ¥61.89bn | ¥63.61bn | ¥59.88bn |
| Cash and short-term investments | ¥9.09bn | ¥12.01bn | ¥12.04bn | ¥8.04bn | ¥10.13bn | ¥8.77bn | ¥6.22bn | ¥6.42bn | ¥8.40bn | ¥8.10bn |
| Total liabilities | ¥36.45bn | ¥42.03bn | ¥48.22bn | ¥49.42bn | ¥48.86bn | ¥43.70bn | ¥41.30bn | ¥40.64bn | ¥43.15bn | ¥42.16bn |
| Debt | ¥17.33bn | ¥21.51bn | ¥24.46bn | ¥24.75bn | ¥22.69bn | ¥23.00bn | ¥20.57bn | ¥19.75bn | ¥20.00bn | ¥21.82bn |
| Shareholders' equity | ¥29.19bn | ¥27.86bn | ¥26.86bn | ¥24.45bn | ¥23.31bn | ¥20.48bn | ¥20.50bn | ¥21.21bn | ¥20.40bn | ¥17.72bn |
| Shares outstanding | 6m | 6m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.60bn | ¥1.21bn | −¥203.0m | −¥1.51bn | ¥4.50bn | ¥2.35bn | ¥1.71bn | ¥755.5m | ¥3.65bn | ¥4.23bn |
| Capital spending | −¥1.72bn | −¥1.11bn | −¥2.71bn | −¥4.62bn | −¥2.67bn | −¥2.50bn | −¥2.51bn | −¥2.10bn | −¥1.61bn | −¥871.4m |
| Free cash flow | ¥885.0m | ¥96.0m | −¥2.91bn | −¥6.13bn | ¥1.82bn | −¥153.0m | −¥799.4m | −¥1.35bn | ¥2.04bn | ¥3.36bn |
| Dividends paid | — | — | −¥33.0m | — | — | −¥1.0m | −¥199.7m | −¥199.9m | −¥166.2m | −¥166.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.77bn | ¥12.44bn | ¥12.89bn | ¥11.71bn | ¥12.58bn | ¥12.32bn | ¥13.19bn | ¥12.77bn |
| Gross profit | ¥1.64bn | ¥1.79bn | ¥1.56bn | ¥1.35bn | ¥1.37bn | ¥1.28bn | ¥1.30bn | ¥1.27bn |
| Operating income | ¥435.0m | ¥606.0m | ¥343.0m | ¥166.0m | ¥154.0m | ¥2.0m | −¥19.0m | −¥14.0m |
| Net income | ¥263.0m | −¥128.0m | ¥127.0m | ¥205.0m | ¥9.0m | ¥1.08bn | −¥25.0m | −¥223.0m |
| Diluted earnings per share | 40.74 | -19.83 | 19.67 | 31.75 | 1.39 | 168.06 | -3.73 | -33.31 |
| Total assets | ¥66.44bn | ¥65.70bn | ¥69.92bn | ¥70.08bn | ¥70.41bn | ¥69.90bn | ¥71.67bn | ¥70.98bn |
| Cash and short-term investments | ¥9.37bn | ¥9.09bn | ¥11.21bn | ¥12.83bn | ¥12.49bn | ¥12.01bn | ¥9.57bn | ¥10.84bn |
| Debt | ¥3.00bn | ¥17.09bn | ¥14.80bn | ¥21.19bn | ¥12.72bn | ¥21.19bn | ¥14.46bn | ¥22.59bn |
| Shareholders' equity | ¥29.49bn | ¥29.19bn | ¥28.59bn | ¥28.25bn | ¥27.75bn | ¥27.86bn | ¥26.95bn | ¥26.88bn |
Financial ratios
Data as of 11 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 12.2% | 9.6% | 7.9% | 11.9% | 12.6% | 5.5% | — |
| Operating margin | 2.6% | -0.4% | -2.1% | 2.4% | 2.8% | -6.1% | — |
| Net margin | 0.4% | 1.4% | 3.0% | 1.7% | 5.1% | -0.7% | — |
| Return on equity | 0.7% | 2.5% | 5.8% | 3.7% | 10.8% | -1.4% | — |
| Return on assets | 0.3% | 1.0% | 2.1% | 1.2% | 3.5% | -0.4% | — |
| Free cash flow yield | 76.1% | 40.9% | 42.5% | 52.8% | 121.8% | 82.2% | — |
| Revenue growth | -3.3% | -0.2% | -2.2% | 7.0% | 22.5% | -11.2% | — |
| Earnings growth | -69.7% | -54.5% | 68.7% | -63.6% | -1008.7% | 40.3% | — |
| Current ratio | 2.05x | 1.33x | 1.40x | 1.22x | 1.15x | 1.21x | — |
| Debt to equity | 0.59x | 0.76x | 0.90x | 1.01x | 0.97x | 1.12x | — |
| Equity ratio | 44.4% | 39.9% | 35.8% | 33.1% | 32.3% | 31.9% | — |
| Interest coverage | 2.41x | -0.75x | -4.36x | 7.54x | 9.91x | -21.87x | — |
| R&D as a share of sales | — | 0.8% | 0.9% | 0.7% | 0.8% | 1.0% | 0.9% |
| Buybacks as a share of market value | 0.0% | 3.6% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 4.3% | 1.3% |
| Operating income | -0.1% | — | 4.1% |
| Net income | -38.5% | — | -10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.9% | 10.4% | 10.1% | 12.3% |
| Operating margin | 2.8% | 3.3% | 1.9% | 2.8% |
| Net margin | 0.9% | 1.6% | 1.9% | 2.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.0 | 8.1 | 2.7 | 6.3 | 2.3 | -25.9 | -49.7 | 6.9 | 3.1 | 13.3 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2024.
| FY2024 | FY2020 | FY2019 | FY2018 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 30.00 | 30.00 | 25.00 | 50.00 | 50.00 | 25.00 | 50.00 |
- 10-to-1 reverse split · 28 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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