F 
565
+4.63%
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
¥2.37bn
FY2021FY2025
Net income
¥202.1m
FY2021FY2025
Free cash flow
¥138.4m
FY2021FY2025
Shareholders' equity
¥1.71bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥2.37bn | ¥1.71bn | ¥1.23bn | ¥785.5m | ¥461.0m |
| Gross profit | ¥1.72bn | ¥1.20bn | ¥769.7m | ¥487.4m | ¥150.8m |
| Research and development | — | ¥94.7m | — | — | — |
| Operating income | ¥292.2m | ¥181.8m | ¥126.4m | −¥82.3m | −¥358.3m |
| Net income | ¥202.1m | ¥465.2m | ¥125.7m | −¥78.0m | −¥360.6m |
| Diluted earnings per share | 17.28 | 40.02 | 11.91 | -6.89 | -31.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥2.90bn | ¥2.44bn | ¥1.62bn | ¥744.1m | ¥655.8m |
| Cash and short-term investments | ¥1.77bn | ¥1.60bn | ¥1.30bn | ¥603.8m | ¥538.4m |
| Total liabilities | ¥1.18bn | ¥1.05bn | ¥736.1m | ¥575.3m | ¥408.9m |
| Debt | — | — | ¥27.9m | ¥38.6m | ¥86.6m |
| Shareholders' equity | ¥1.71bn | ¥1.39bn | ¥882.7m | ¥168.8m | ¥246.8m |
| Shares outstanding | 12m | 12m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | ¥349.3m | ¥530.2m | ¥293.0m | ¥159.8m | −¥187.5m |
| Capital spending | −¥211.0m | −¥224.7m | −¥162.7m | −¥46.5m | −¥41.2m |
| Free cash flow | ¥138.4m | ¥305.5m | ¥130.3m | ¥113.3m | −¥228.6m |
| Dividends paid | −¥13.0m | −¥8.2m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥636.9m | ¥662.0m | ¥656.4m | ¥597.0m | ¥571.3m | ¥545.1m | ¥470.5m | ¥450.7m |
| Gross profit | ¥434.1m | ¥487.9m | ¥486.6m | ¥445.7m | ¥400.1m | ¥384.5m | ¥331.9m | ¥321.7m |
| Operating income | ¥37.5m | ¥132.9m | ¥51.1m | ¥127.4m | ¥44.1m | ¥69.5m | ¥11.3m | ¥70.8m |
| Net income | ¥29.4m | ¥82.9m | ¥46.1m | ¥79.3m | ¥27.1m | ¥49.7m | ¥320.7m | ¥59.4m |
| Diluted earnings per share | 2.59 | 7.31 | 3.94 | 6.78 | 2.32 | 4.25 | 27.59 | 5.11 |
| Cash from operations | — | — | — | — | ¥159.0m | — | ¥293.0m | — |
| Capital spending | — | — | — | — | −¥43.0m | — | −¥50.0m | — |
| Free cash flow | — | — | — | — | ¥116.0m | — | ¥243.0m | — |
| Total assets | ¥2.99bn | ¥2.66bn | ¥2.90bn | ¥2.76bn | ¥2.63bn | ¥2.48bn | ¥2.44bn | ¥1.87bn |
| Cash and short-term investments | ¥1.50bn | ¥1.17bn | ¥1.77bn | ¥1.65bn | ¥1.76bn | ¥1.63bn | ¥1.60bn | ¥1.38bn |
| Shareholders' equity | ¥1.69bn | ¥1.57bn | ¥1.71bn | ¥1.64bn | ¥1.53bn | ¥1.46bn | ¥1.39bn | ¥1.07bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 72.4% | 70.3% | 62.5% | 62.1% | 32.7% |
| Operating margin | 12.3% | 10.8% | 9.5% | -9.8% | -78.0% |
| Net margin | 8.5% | 27.3% | 10.2% | -9.9% | -78.2% |
| Return on equity | 11.8% | 33.4% | 14.2% | -46.2% | -146.1% |
| Return on assets | 7.0% | 19.0% | 7.8% | -10.5% | -55.0% |
| Free cash flow yield | 6.7% | 9.1% | 6.0% | — | — |
| Revenue growth | 38.8% | 38.5% | 56.9% | 70.4% | — |
| Earnings growth | -56.5% | 270.1% | -261.1% | -78.4% | — |
| Current ratio | 1.86x | 1.71x | 1.93x | 1.21x | 1.62x |
| Debt to equity | — | 0.00x | 0.03x | 0.23x | 0.35x |
| Equity ratio | 59.1% | 56.9% | 54.5% | 22.7% | 37.6% |
| Interest coverage | — | 802.64x | 588.01x | -172.77x | -588.63x |
| R&D as a share of sales | — | 5.5% | — | — | — |
| Buybacks as a share of market value | -0.6% | -10.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.6% | 68.5% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 57.3 | 48.5 | 61.3 |
| Price to sales | 4.9 | 13.2 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 4.90 | 0.775 |
- 2-for-1 split · 26 Apr 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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