E 
965
+0.52%
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
¥10.80bn
FY2021FY2026
Net income
¥253.3m
FY2021FY2026
Free cash flow
¥46.6m
FY2021FY2026
Shareholders' equity
¥3.59bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥10.80bn | ¥9.09bn | ¥7.71bn | ¥7.53bn | ¥7.13bn | ¥6.83bn |
| Gross profit | ¥6.23bn | ¥4.89bn | ¥3.75bn | ¥3.55bn | ¥3.25bn | ¥3.10bn |
| Operating income | ¥454.0m | ¥465.8m | ¥643.7m | ¥622.2m | ¥406.7m | ¥446.3m |
| Net income | ¥253.3m | ¥184.1m | ¥400.1m | ¥454.0m | ¥346.9m | ¥487.6m |
| Diluted earnings per share | 51.38 | 37.35 | 82.38 | 92.09 | 72.33 | 98.89 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥11.06bn | ¥10.35bn | ¥6.30bn | ¥4.55bn | ¥4.24bn | ¥4.10bn |
| Cash and short-term investments | ¥2.29bn | ¥2.70bn | ¥2.53bn | ¥1.18bn | ¥984.2m | ¥852.9m |
| Total liabilities | ¥7.34bn | ¥6.71bn | ¥2.67bn | ¥2.53bn | ¥2.73bn | ¥2.83bn |
| Debt | ¥5.53bn | ¥5.25bn | ¥1.14bn | ¥1.33bn | ¥1.52bn | ¥1.71bn |
| Shareholders' equity | ¥3.59bn | ¥3.50bn | ¥3.62bn | ¥2.02bn | ¥1.51bn | ¥1.26bn |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥373.6m | −¥242.3m | ¥864.3m | ¥688.9m | ¥704.5m | ¥479.0m |
| Capital spending | −¥326.9m | −¥242.3m | −¥864.3m | −¥303.5m | −¥441.6m | −¥205.0m |
| Free cash flow | ¥46.6m | −¥484.7m | — | ¥385.4m | ¥263.0m | ¥274.0m |
| Dividends paid | −¥145.8m | −¥294.9m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.65bn | ¥2.82bn | ¥2.85bn | ¥2.57bn | ¥2.55bn | ¥2.58bn | ¥2.38bn | ¥2.11bn |
| Gross profit | ¥1.51bn | ¥1.68bn | ¥1.54bn | ¥1.51bn | ¥1.50bn | ¥1.50bn | ¥1.32bn | ¥1.07bn |
| Operating income | ¥107.6m | ¥260.7m | ¥89.9m | ¥32.2m | ¥71.3m | ¥130.1m | ¥100.9m | ¥133.4m |
| Net income | ¥92.7m | ¥240.3m | ¥24.0m | ¥12.0m | −¥22.9m | ¥30.9m | −¥25.1m | ¥112.2m |
| Diluted earnings per share | 18.81 | 48.73 | 4.86 | 2.43 | -4.65 | 6.27 | -5.18 | 23.11 |
| Cash from operations | — | — | — | ¥80.0m | — | — | — | — |
| Capital spending | — | — | — | −¥471.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥391.0m | — | — | — | — |
| Total assets | ¥10.62bn | ¥11.06bn | ¥10.83bn | ¥10.36bn | ¥10.28bn | ¥10.35bn | ¥9.91bn | ¥5.78bn |
| Cash and short-term investments | ¥1.95bn | ¥2.29bn | ¥2.36bn | ¥2.10bn | ¥1.96bn | ¥2.70bn | ¥2.69bn | ¥1.97bn |
| Debt | ¥750.0m | ¥5.53bn | ¥750.0m | ¥4.36bn | ¥500.0m | ¥5.25bn | ¥1.60bn | ¥1.05bn |
| Shareholders' equity | ¥3.45bn | ¥3.59bn | ¥3.36bn | ¥3.40bn | ¥3.41bn | ¥3.50bn | ¥3.39bn | ¥3.44bn |
Financial ratios
Data as of 14 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 57.7% | 53.7% | 48.6% | 47.2% | 45.5% | 45.5% |
| Operating margin | 3.5% | 2.8% | 7.3% | 8.2% | 4.4% | 6.5% |
| Net margin | 2.3% | 2.0% | 5.2% | 6.0% | 4.9% | 7.1% |
| Return on equity | 7.1% | 5.3% | 11.0% | 22.5% | 23.0% | 38.6% |
| Return on assets | 2.3% | 1.8% | 6.4% | 10.0% | 8.2% | 11.9% |
| Free cash flow yield | 7.3% | -4.8% | 17.2% | 13.5% | 14.2% | — |
| Revenue growth | 18.8% | 17.9% | 2.4% | 5.6% | 4.4% | — |
| Earnings growth | 37.6% | -54.0% | -11.9% | 30.9% | -28.8% | — |
| Current ratio | 1.59x | 1.87x | 1.47x | 1.80x | 1.57x | 1.63x |
| Debt to equity | 1.54x | 1.50x | 0.31x | 0.66x | 1.01x | 1.35x |
| Equity ratio | 32.5% | 33.8% | 57.5% | 44.4% | 35.6% | 30.8% |
| Interest coverage | 6.61x | 9.95x | 54.93x | 52.56x | 23.63x | 29.73x |
| Buybacks as a share of market value | -0.0% | -1.5% | 1.5% | -2.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.7% | 9.6% | — |
| Operating income | -10.0% | 0.3% | — |
| Net income | -17.7% | -12.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.9% | 52.4% | 50.4% | — |
| Operating margin | 4.6% | 6.2% | 6.2% | — |
| Net margin | 2.2% | 3.7% | 4.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 19.5 | 32.6 | 11.2 | 9.6 |
| Price to sales | 0.5 | 0.7 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 61.50 | 30.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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