P 
2,127
+2.16%
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
¥9.41bn
FY2017FY2026
Net income
¥2.61bn
FY2017FY2026
Free cash flow
¥1.95bn
FY2017FY2026
Shareholders' equity
¥62.94bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.41bn | ¥13.18bn | ¥15.52bn | ¥34.85bn | ¥57.13bn | ¥32.22bn | ¥44.13bn | ¥49.06bn | ¥41.21bn | ¥38.70bn |
| Gross profit | −¥3.14bn | −¥5.19bn | −¥6.88bn | −¥10.12bn | ¥8.31bn | ¥2.32bn | ¥1.35bn | ¥3.24bn | −¥342.0m | −¥105.0m |
| Research and development | — | ¥449.0m | ¥511.0m | ¥360.0m | ¥275.0m | ¥234.0m | ¥190.0m | ¥142.0m | ¥144.0m | ¥128.0m |
| Operating income | −¥4.97bn | −¥7.37bn | −¥9.13bn | −¥12.62bn | ¥4.81bn | −¥493.0m | −¥1.88bn | ¥176.0m | −¥3.24bn | −¥3.08bn |
| Net income | ¥2.61bn | −¥1.67bn | −¥1.07bn | −¥5.03bn | ¥11.37bn | ¥1.16bn | ¥625.0m | ¥3.69bn | −¥810.0m | −¥3.56bn |
| Diluted earnings per share | 150.11 | -95.93 | -55.07 | -257.72 | 582.96 | 59.63 | 32.05 | 189.39 | -41.53 | -182.55 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥67.33bn | ¥71.80bn | ¥73.79bn | ¥78.83bn | ¥89.85bn | ¥75.48bn | ¥69.96bn | ¥71.93bn | ¥70.35bn | ¥71.76bn |
| Cash and short-term investments | ¥19.89bn | ¥26.47bn | ¥23.96bn | ¥18.35bn | ¥29.33bn | ¥24.49bn | ¥19.11bn | ¥25.41bn | ¥24.38bn | ¥25.71bn |
| Total liabilities | ¥4.13bn | ¥4.14bn | ¥4.73bn | ¥6.79bn | ¥9.69bn | ¥8.47bn | ¥6.45bn | ¥7.49bn | ¥7.73bn | ¥7.99bn |
| Debt | ¥12.0m | ¥16.0m | ¥22.0m | ¥6.0m | ¥7.0m | ¥4.0m | ¥2.0m | — | ¥4.0m | ¥8.0m |
| Shareholders' equity | ¥62.94bn | ¥67.39bn | ¥68.79bn | ¥71.75bn | ¥79.87bn | ¥66.74bn | ¥63.25bn | ¥64.21bn | ¥62.41bn | ¥63.60bn |
| Shares outstanding | 17m | 17m | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.42bn | ¥3.01bn | ¥2.79bn | −¥7.52bn | ¥7.86bn | ¥5.83bn | −¥4.72bn | ¥399.0m | −¥1.07bn | −¥3.36bn |
| Capital spending | −¥473.0m | −¥521.0m | −¥466.0m | −¥1.07bn | −¥1.43bn | −¥334.0m | −¥389.0m | −¥238.0m | −¥233.0m | −¥777.0m |
| Free cash flow | ¥1.95bn | ¥2.49bn | ¥2.33bn | −¥8.59bn | ¥6.42bn | ¥5.50bn | −¥5.11bn | ¥161.0m | −¥1.30bn | −¥4.14bn |
| Dividends paid | −¥3.66bn | — | −¥1.0m | −¥3.00bn | −¥781.0m | −¥98.0m | −¥1.07bn | −¥388.0m | −¥388.0m | −¥388.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.47bn | ¥2.66bn | ¥2.29bn | ¥2.60bn | ¥1.86bn | ¥2.47bn | ¥2.87bn | ¥4.39bn |
| Gross profit | −¥416.0m | ¥665.0m | −¥667.0m | −¥553.0m | −¥2.59bn | −¥527.0m | −¥1.31bn | −¥2.94bn |
| Operating income | −¥886.0m | ¥235.0m | −¥1.17bn | −¥974.0m | −¥3.07bn | −¥1.05bn | −¥1.85bn | −¥3.51bn |
| Net income | ¥323.0m | ¥1.92bn | ¥1.78bn | ¥1.14bn | −¥2.23bn | ¥94.0m | ¥115.0m | −¥2.18bn |
| Diluted earnings per share | 18.58 | 110.65 | 102.48 | 65.33 | -128.36 | 5.41 | 5.90 | -111.68 |
| Total assets | ¥66.40bn | ¥67.33bn | ¥64.72bn | ¥63.83bn | ¥62.63bn | ¥71.80bn | ¥71.56bn | ¥72.45bn |
| Cash and short-term investments | ¥18.65bn | ¥19.89bn | ¥17.90bn | ¥17.66bn | ¥17.50bn | ¥26.47bn | ¥25.52bn | ¥24.96bn |
| Debt | — | ¥3.0m | — | — | — | ¥4.0m | — | — |
| Shareholders' equity | ¥61.71bn | ¥62.94bn | ¥60.42bn | ¥59.45bn | ¥58.28bn | ¥67.39bn | ¥66.80bn | ¥67.33bn |
Financial ratios
Data as of 17 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | -33.4% | -39.4% | -44.3% | -29.0% | 14.5% | 7.2% | — |
| Operating margin | -52.8% | -55.9% | -58.8% | -36.2% | 8.4% | -1.5% | — |
| Net margin | 27.7% | -12.7% | -6.9% | -14.4% | 19.9% | 3.6% | — |
| Return on equity | 4.1% | -2.5% | -1.6% | -7.0% | 14.2% | 1.7% | — |
| Return on assets | 3.9% | -2.3% | -1.5% | -6.4% | 12.7% | 1.5% | — |
| Free cash flow yield | 6.2% | 7.6% | 6.2% | -12.3% | 17.7% | 11.8% | — |
| Revenue growth | -28.5% | -15.1% | -55.5% | -39.0% | 77.3% | -27.0% | — |
| Earnings growth | -256.5% | 55.3% | -78.6% | -144.2% | 877.6% | 86.1% | — |
| Current ratio | 30.64x | 31.31x | 24.98x | 17.43x | 10.51x | 10.57x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 93.5% | 93.9% | 93.2% | 91.0% | 88.9% | 88.4% | — |
| Interest coverage | — | -1842.00x | -172.21x | -3155.50x | 53.41x | -44.82x | -18.98x |
| R&D as a share of sales | — | 3.4% | 3.3% | 1.0% | 0.5% | 0.7% | 0.4% |
| Buybacks as a share of market value | 0.0% | 10.8% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.4% | -21.8% | -15.0% |
| Operating income | -26.7% | 58.8% | -10.7% |
| Net income | — | 17.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -36.9% | -34.7% | -9.1% | -5.8% |
| Operating margin | -54.6% | -46.7% | -18.3% | -13.9% |
| Net margin | 4.2% | -7.1% | 4.5% | -8.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.5 | -23.6 | -26.4 | -4.7 | 3.2 | 35.7 | 69.6 | 13.5 | -64.2 | -17.1 |
| Price to sales | 4.0 | 3.0 | 1.8 | 0.7 | 0.7 | 1.3 | 1.0 | 1.0 | 1.3 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 65.00 | 255.00 | 155.00 | 40.00 | 5.00 | 55.00 | 20.00 | 40.00 |
- 10-to-1 reverse split · 27 Sept 2017
- 21-for-20 split · 27 Mar 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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