A 
659
-0.30%
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
¥1.03bn
FY2021FY2025
Net income
−¥4.1m
FY2021FY2025
Free cash flow
−¥16.5m
FY2021FY2025
Shareholders' equity
¥345.8m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥1.03bn | ¥1.02bn | ¥956.5m | ¥636.0m | ¥445.3m |
| Operating income | −¥7.2m | −¥161.3m | −¥229.5m | −¥476.0m | −¥649.7m |
| Net income | −¥4.1m | −¥163.9m | −¥182.5m | −¥322.2m | −¥568.2m |
| Diluted earnings per share | -1.71 | -67.84 | -77.57 | -133.13 | -234.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥1.01bn | ¥1.04bn | ¥1.29bn | ¥683.5m | ¥606.4m |
| Cash and short-term investments | ¥458.2m | ¥543.4m | ¥883.0m | ¥400.2m | ¥322.2m |
| Total liabilities | ¥661.2m | ¥697.0m | ¥840.9m | ¥550.5m | ¥442.7m |
| Debt | ¥250.0m | ¥290.0m | ¥350.0m | ¥115.0m | ¥3.2m |
| Shareholders' equity | ¥345.8m | ¥345.9m | ¥449.8m | ¥133.0m | ¥163.8m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −¥4.4m | −¥250.0m | −¥241.8m | −¥313.4m | −¥616.0m |
| Capital spending | −¥12.0m | −¥5.4m | — | −¥1.7m | −¥1.1m |
| Free cash flow | −¥16.5m | −¥255.4m | −¥241.8m | −¥315.1m | −¥617.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥164.6m | ¥232.8m | ¥350.3m | ¥271.9m | ¥170.4m | ¥235.4m | ¥340.2m | ¥299.8m |
| Operating income | −¥43.1m | −¥17.8m | ¥70.4m | −¥9.5m | −¥49.0m | −¥19.2m | ¥10.6m | −¥11.2m |
| Net income | −¥43.4m | −¥18.0m | ¥51.4m | −¥9.8m | −¥27.9m | −¥17.8m | ¥10.9m | −¥13.1m |
| Diluted earnings per share | -17.91 | -7.42 | 21.23 | -4.06 | -11.52 | -7.36 | 4.49 | -5.44 |
| Cash from operations | — | — | −¥40.0m | — | ¥36.0m | — | −¥116.0m | — |
| Capital spending | — | — | −¥28.0m | — | −¥16.0m | — | — | — |
| Free cash flow | — | — | −¥68.0m | — | ¥20.0m | — | — | — |
| Total assets | ¥771.4m | ¥830.6m | ¥1.01bn | ¥832.2m | ¥835.6m | ¥889.3m | ¥1.04bn | ¥944.8m |
| Cash and short-term investments | ¥433.0m | ¥325.4m | ¥458.2m | ¥452.6m | ¥477.8m | ¥469.0m | ¥543.4m | ¥598.2m |
| Debt | ¥200.0m | ¥50.0m | ¥250.0m | ¥50.0m | ¥200.0m | ¥90.0m | ¥90.0m | ¥90.0m |
| Shareholders' equity | ¥284.5m | ¥327.8m | ¥345.8m | ¥294.4m | ¥304.3m | ¥332.1m | ¥345.9m | ¥335.1m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -0.5% | -15.4% | -18.6% | -50.4% | -126.8% |
| Net margin | -0.4% | -16.1% | -19.1% | -50.7% | -127.6% |
| Return on equity | -1.2% | -47.4% | -40.6% | -242.2% | -347.0% |
| Return on assets | -0.4% | -15.7% | -14.1% | -47.1% | -93.7% |
| Free cash flow yield | -0.3% | -14.4% | -14.3% | — | — |
| Revenue growth | 1.2% | 6.2% | 50.4% | 42.8% | — |
| Earnings growth | -97.5% | -10.2% | -43.3% | -43.3% | — |
| Current ratio | 1.89x | 1.91x | 2.01x | 1.22x | 1.37x |
| Debt to equity | 0.72x | 0.84x | 0.78x | 0.86x | 0.02x |
| Equity ratio | 34.3% | 33.2% | 34.9% | 19.5% | 27.0% |
| Interest coverage | -1.51x | -35.44x | -48.95x | -428.56x | -10459.07x |
| Buybacks as a share of market value | -0.1% | -2.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.3% | — | — |
| Operating income | -75.2% | — | — |
| Net income | -76.6% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -513.4 | -15.2 | -25.4 |
| Price to sales | 2.1 | 2.5 | 4.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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