D 
1,502
+2.04%
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
¥331.11bn
FY2017FY2026
Net income
¥3.68bn
FY2017FY2026
Free cash flow
−¥2.86bn
FY2017FY2026
Shareholders' equity
¥76.46bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥331.11bn | ¥299.80bn | ¥262.67bn | ¥273.03bn | ¥236.06bn | ¥139.19bn | ¥159.08bn | ¥196.75bn | ¥185.59bn | ¥150.81bn |
| Gross profit | ¥15.91bn | ¥13.43bn | ¥12.71bn | ¥22.71bn | ¥29.04bn | ¥15.94bn | ¥14.53bn | ¥14.69bn | ¥12.78bn | ¥10.08bn |
| Research and development | — | ¥124.0m | ¥126.0m | ¥130.0m | ¥109.0m | ¥93.0m | ¥83.0m | ¥79.0m | ¥78.0m | ¥81.4m |
| Operating income | ¥7.27bn | ¥4.83bn | ¥4.62bn | ¥13.75bn | ¥20.96bn | ¥9.25bn | ¥7.72bn | ¥8.11bn | ¥6.86bn | ¥4.73bn |
| Net income | ¥3.68bn | ¥698.0m | ¥3.24bn | ¥9.73bn | ¥14.88bn | ¥6.14bn | ¥5.59bn | ¥5.06bn | ¥4.49bn | ¥3.14bn |
| Diluted earnings per share | 91.55 | 17.38 | 81.98 | 240.10 | 361.87 | 149.36 | 135.85 | 123.01 | 106.78 | 74.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥177.86bn | ¥163.29bn | ¥138.68bn | ¥133.22bn | ¥141.62bn | ¥97.57bn | ¥83.23bn | ¥90.80bn | ¥94.70bn | ¥76.79bn |
| Cash and short-term investments | ¥9.08bn | ¥7.34bn | ¥6.38bn | ¥4.96bn | ¥4.86bn | ¥5.78bn | ¥9.28bn | ¥5.34bn | ¥5.62bn | ¥4.15bn |
| Total liabilities | ¥100.76bn | ¥89.58bn | ¥66.61bn | ¥64.84bn | ¥83.11bn | ¥53.78bn | ¥44.54bn | ¥56.28bn | ¥63.02bn | ¥49.97bn |
| Debt | ¥74.36bn | ¥67.32bn | ¥48.29bn | ¥42.22bn | ¥58.82bn | ¥38.13bn | ¥31.51bn | ¥41.24bn | ¥47.88bn | ¥36.43bn |
| Shareholders' equity | ¥76.46bn | ¥73.07bn | ¥71.39bn | ¥67.63bn | ¥57.72bn | ¥43.23bn | ¥38.29bn | ¥34.14bn | ¥31.31bn | ¥26.68bn |
| Shares outstanding | 40m | 40m | 40m | 41m | 41m | 41m | 41m | 41m | 42m | 42m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.87bn | −¥10.04bn | ¥2.80bn | ¥26.16bn | −¥15.62bn | −¥4.52bn | ¥20.24bn | ¥12.06bn | −¥5.67bn | −¥393.1m |
| Capital spending | −¥4.73bn | −¥3.91bn | −¥4.85bn | −¥4.06bn | −¥3.42bn | −¥4.78bn | −¥5.95bn | −¥3.35bn | −¥3.53bn | −¥2.81bn |
| Free cash flow | −¥2.86bn | −¥13.95bn | −¥2.05bn | ¥22.10bn | −¥19.04bn | −¥9.30bn | ¥14.29bn | ¥8.71bn | −¥9.20bn | −¥3.20bn |
| Dividends paid | −¥2.18bn | −¥1.80bn | −¥2.83bn | −¥2.63bn | −¥1.74bn | −¥931.0m | −¥1.01bn | −¥911.0m | −¥662.0m | −¥455.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥97.61bn | ¥98.57bn | ¥82.04bn | ¥75.76bn | ¥74.73bn | ¥86.67bn | ¥75.98bn | ¥74.60bn |
| Gross profit | ¥6.00bn | ¥4.93bn | ¥4.20bn | ¥3.22bn | ¥3.55bn | ¥3.85bn | ¥2.99bn | ¥4.09bn |
| Operating income | ¥3.74bn | ¥2.44bn | ¥1.92bn | ¥1.10bn | ¥1.52bn | ¥1.30bn | ¥897.0m | ¥1.82bn |
| Net income | ¥2.36bn | ¥1.84bn | ¥856.0m | ¥321.0m | ¥659.0m | −¥776.0m | −¥122.0m | ¥1.07bn |
| Diluted earnings per share | 58.70 | 45.86 | 21.31 | 7.99 | 16.41 | -19.32 | -3.08 | 27.09 |
| Cash from operations | — | — | — | — | — | — | — | −¥4.44bn |
| Capital spending | — | — | — | — | — | — | — | −¥792.0m |
| Free cash flow | — | — | — | — | — | — | — | −¥5.24bn |
| Total assets | ¥199.20bn | ¥177.86bn | ¥172.19bn | ¥155.69bn | ¥154.30bn | ¥163.29bn | ¥164.31bn | ¥160.27bn |
| Cash and short-term investments | ¥6.92bn | ¥9.08bn | ¥8.22bn | ¥6.54bn | ¥8.14bn | ¥7.34bn | ¥10.17bn | ¥8.84bn |
| Debt | ¥80.54bn | ¥74.13bn | ¥69.75bn | ¥61.34bn | ¥53.79bn | ¥67.13bn | ¥63.81bn | ¥64.33bn |
| Shareholders' equity | ¥78.42bn | ¥76.46bn | ¥71.64bn | ¥70.66bn | ¥70.04bn | ¥73.07bn | ¥71.91bn | ¥74.02bn |
Financial ratios
Data as of 15 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 4.8% | 4.5% | 4.8% | 8.3% | 12.3% | 11.5% | — |
| Operating margin | 2.2% | 1.6% | 1.8% | 5.0% | 8.9% | 6.6% | — |
| Net margin | 1.1% | 0.2% | 1.2% | 3.6% | 6.3% | 4.4% | — |
| Return on equity | 4.8% | 1.0% | 4.5% | 14.4% | 25.8% | 14.2% | — |
| Return on assets | 2.1% | 0.4% | 2.3% | 7.3% | 10.5% | 6.3% | — |
| Free cash flow yield | 9.5% | -8.9% | 11.2% | 43.3% | -17.2% | 0.4% | — |
| Revenue growth | 10.4% | 14.1% | -3.8% | 15.7% | 69.6% | -12.5% | — |
| Earnings growth | 427.1% | -78.5% | -66.6% | -34.6% | 142.2% | 10.0% | — |
| Current ratio | 1.55x | 1.63x | 1.86x | 1.89x | 1.57x | 1.60x | — |
| Debt to equity | 0.97x | 0.92x | 0.67x | 0.62x | 1.02x | 0.88x | — |
| Equity ratio | 43.0% | 44.7% | 51.5% | 50.8% | 40.8% | 44.3% | — |
| Interest coverage | 3.83x | 2.85x | 3.74x | 16.08x | 33.43x | 24.02x | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
| Buybacks as a share of market value | -0.0% | -1.5% | 2.3% | 1.5% | 0.0% | -0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.6% | 18.9% | 7.7% |
| Operating income | -19.1% | -4.7% | 7.0% |
| Net income | -27.7% | -9.7% | 4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.7% | 5.6% | 7.1% | 7.1% |
| Operating margin | 1.9% | 2.6% | 3.9% | 3.8% |
| Net margin | 0.7% | 1.5% | 2.5% | 2.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.9 | 69.4 | 12.9 | 4.9 | 3.4 | 10.7 | 5.8 | 6.2 | 5.3 | 11.8 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.5 | 0.2 | 0.2 | 0.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 45.00 | 85.00 | 45.00 | 40.00 | 65.00 | 43.00 | 23.00 | 15.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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