R 
991
+0.10%
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
¥9.19bn
FY2021FY2025
Net income
¥317.7m
FY2021FY2025
Free cash flow
¥648.3m
FY2021FY2025
Shareholders' equity
¥2.96bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥9.19bn | ¥7.80bn | ¥7.18bn | ¥6.93bn | ¥6.30bn |
| Gross profit | ¥3.14bn | ¥2.84bn | ¥2.67bn | ¥2.66bn | ¥2.16bn |
| Research and development | — | ¥12.1m | ¥8.5m | ¥4.1m | — |
| Operating income | ¥525.2m | ¥437.3m | ¥480.1m | ¥696.9m | ¥395.9m |
| Net income | ¥317.7m | ¥278.0m | ¥289.0m | ¥453.1m | ¥322.8m |
| Diluted earnings per share | 84.06 | 73.60 | 82.57 | 121.53 | 86.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥5.00bn | ¥4.35bn | ¥4.39bn | ¥3.27bn | ¥3.05bn |
| Cash and short-term investments | ¥1.94bn | ¥1.93bn | ¥2.14bn | ¥1.28bn | ¥1.18bn |
| Total liabilities | ¥2.04bn | ¥1.60bn | ¥2.08bn | ¥2.20bn | ¥2.44bn |
| Debt | ¥758.4m | ¥580.4m | ¥1.21bn | ¥1.32bn | ¥1.54bn |
| Shareholders' equity | ¥2.96bn | ¥2.75bn | ¥2.31bn | ¥1.07bn | ¥611.3m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | ¥666.0m | ¥341.6m | ¥185.3m | ¥443.1m | ¥353.2m |
| Capital spending | −¥17.7m | −¥15.6m | −¥11.5m | −¥19.0m | −¥22.7m |
| Free cash flow | ¥648.3m | ¥326.0m | ¥173.8m | ¥424.1m | ¥330.5m |
| Dividends paid | −¥111.2m | −¥69.8m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.32bn | ¥2.39bn | ¥2.64bn | ¥2.25bn | ¥2.19bn | ¥2.12bn | ¥2.09bn | ¥1.94bn |
| Gross profit | ¥827.0m | ¥855.8m | ¥810.4m | ¥776.8m | ¥775.3m | ¥777.4m | ¥801.8m | ¥747.7m |
| Operating income | ¥401,000 | ¥93.7m | ¥118.9m | ¥140.6m | ¥68.1m | ¥197.5m | ¥192.8m | ¥189.5m |
| Net income | −¥26.6m | ¥43.4m | ¥29.8m | ¥92.8m | ¥53.0m | ¥142.1m | ¥121.4m | ¥144.9m |
| Diluted earnings per share | -7.14 | 11.64 | 7.88 | 24.54 | 14.03 | 37.60 | 32.15 | 38.36 |
| Cash from operations | — | — | ¥451.0m | — | — | — | — | — |
| Capital spending | — | — | −¥30.0m | — | — | — | — | — |
| Free cash flow | — | — | ¥421.0m | — | — | — | — | — |
| Total assets | ¥4.61bn | ¥4.81bn | ¥5.00bn | ¥4.81bn | ¥4.28bn | ¥4.29bn | ¥4.35bn | ¥4.06bn |
| Cash and short-term investments | ¥1.58bn | ¥1.65bn | ¥1.94bn | ¥1.82bn | ¥1.63bn | ¥1.51bn | ¥1.93bn | ¥1.74bn |
| Debt | ¥618.5m | ¥245.6m | ¥697.5m | ¥209.7m | ¥414.3m | ¥229.0m | ¥240.3m | ¥248.0m |
| Shareholders' equity | ¥2.86bn | ¥2.88bn | ¥2.96bn | ¥2.92bn | ¥2.82bn | ¥2.77bn | ¥2.75bn | ¥2.61bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 34.2% | 36.4% | 37.2% | 38.3% | 34.3% |
| Operating margin | 5.6% | 5.6% | 6.4% | 10.1% | 6.7% |
| Net margin | 3.5% | 3.6% | 4.0% | 6.5% | 5.1% |
| Return on equity | 10.7% | 10.1% | 12.5% | 42.2% | 52.8% |
| Return on assets | 6.4% | 6.4% | 6.6% | 13.8% | 10.6% |
| Free cash flow yield | 17.4% | 8.9% | 5.2% | — | — |
| Revenue growth | 17.8% | 8.7% | 3.6% | 9.9% | — |
| Earnings growth | 14.3% | -3.8% | -36.2% | 40.4% | — |
| Current ratio | 2.45x | 3.03x | 2.65x | 1.77x | 1.50x |
| Debt to equity | 0.24x | 0.20x | 0.50x | 1.18x | 2.44x |
| Equity ratio | 59.2% | 63.2% | 52.6% | 32.8% | 20.1% |
| Interest coverage | 65.79x | 47.46x | 33.89x | 45.36x | 23.84x |
| R&D as a share of sales | — | 0.2% | 0.1% | 0.1% | — |
| Buybacks as a share of market value | -0.1% | -7.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.9% | — | — |
| Operating income | -9.0% | — | — |
| Net income | -11.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.2% | 36.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 12.5 | 9.8 | 13.9 |
| Price to sales | 0.4 | 0.3 | 0.6 |
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 | 55.00 | 20.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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