S 
1,271
+0.08%
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
¥25.78bn
FY2021FY2025
Net income
−¥36.0m
FY2021FY2025
Free cash flow
−¥489.0m
FY2021FY2025
Shareholders' equity
¥11.33bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥25.78bn | ¥22.71bn | ¥20.08bn | ¥17.83bn | ¥15.85bn |
| Gross profit | ¥7.27bn | ¥6.45bn | ¥5.51bn | ¥4.81bn | ¥4.01bn |
| Research and development | — | ¥291.0m | ¥213.0m | ¥259.0m | ¥268.0m |
| Operating income | ¥86.0m | ¥456.0m | ¥887.0m | ¥680.0m | ¥131.0m |
| Net income | −¥36.0m | ¥254.0m | ¥580.0m | ¥566.0m | ¥292.0m |
| Diluted earnings per share | -6.81 | 48.36 | 96.67 | 105.35 | 54.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥15.70bn | ¥15.47bn | ¥13.06bn | ¥13.68bn | ¥12.54bn |
| Cash and short-term investments | ¥4.69bn | ¥7.24bn | ¥6.21bn | ¥7.29bn | ¥6.90bn |
| Total liabilities | ¥4.37bn | ¥3.99bn | ¥3.39bn | ¥3.36bn | ¥2.87bn |
| Debt | — | ¥54.0m | ¥101.0m | ¥118.0m | ¥128.0m |
| Shareholders' equity | ¥11.33bn | ¥11.48bn | ¥9.67bn | ¥10.32bn | ¥9.67bn |
| Shares outstanding | 5m | 5m | 6m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −¥208.0m | ¥297.0m | ¥488.0m | ¥863.0m | ¥270.0m |
| Capital spending | −¥281.0m | −¥290.0m | −¥107.0m | −¥157.0m | −¥541.0m |
| Free cash flow | −¥489.0m | ¥7.0m | ¥381.0m | ¥706.0m | −¥271.0m |
| Dividends paid | −¥246.0m | −¥178.0m | −¥170.0m | −¥87.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.87bn | ¥7.41bn | ¥7.03bn | ¥6.53bn | ¥5.77bn | ¥6.45bn | ¥6.30bn | ¥5.66bn |
| Gross profit | ¥1.61bn | ¥2.21bn | ¥2.34bn | ¥1.72bn | ¥1.29bn | ¥1.92bn | ¥1.91bn | ¥1.61bn |
| Operating income | −¥264.0m | ¥347.0m | ¥657.0m | −¥140.0m | −¥595.0m | ¥164.0m | ¥236.0m | ¥132.0m |
| Net income | −¥221.0m | ¥251.0m | ¥318.0m | −¥102.0m | −¥370.0m | ¥118.0m | ¥140.0m | ¥96.0m |
| Diluted earnings per share | -41.14 | 46.72 | 60.16 | -19.30 | -70.00 | 22.32 | 26.65 | 18.28 |
| Total assets | ¥15.80bn | ¥15.13bn | ¥15.70bn | ¥14.89bn | ¥15.09bn | ¥14.77bn | ¥15.47bn | ¥14.21bn |
| Cash and short-term investments | ¥4.10bn | ¥3.28bn | ¥4.69bn | ¥4.31bn | ¥4.89bn | ¥5.63bn | ¥7.24bn | ¥6.80bn |
| Debt | — | — | — | — | — | — | ¥48.0m | — |
| Shareholders' equity | ¥11.13bn | ¥11.32bn | ¥11.33bn | ¥10.91bn | ¥10.96bn | ¥11.35bn | ¥11.48bn | ¥11.22bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 28.2% | 28.4% | 27.4% | 27.0% | 25.3% |
| Operating margin | 0.2% | 1.5% | 4.0% | 4.0% | 2.2% |
| Net margin | -0.1% | 1.1% | 2.9% | 3.2% | 1.8% |
| Return on equity | -0.3% | 2.2% | 6.0% | 5.5% | 3.0% |
| Return on assets | -0.2% | 1.6% | 4.4% | 4.1% | 2.3% |
| Free cash flow yield | 1.0% | 8.4% | 7.5% | — | — |
| Revenue growth | 13.5% | 13.1% | 12.6% | 12.4% | — |
| Earnings growth | -114.2% | -56.2% | 2.5% | 93.8% | — |
| Current ratio | 2.67x | 3.34x | 3.46x | 3.75x | 4.19x |
| Debt to equity | — | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 72.2% | 74.2% | 74.0% | 75.5% | 77.1% |
| Interest coverage | 22.50x | 83.75x | 134.67x | 101.14x | 49.14x |
| R&D as a share of sales | — | 1.3% | 1.1% | 1.5% | 1.7% |
| Buybacks as a share of market value | -0.6% | 12.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | — | — |
| Operating income | -49.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.3% | 27.8% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -211.4 | 31.7 |
| Price to sales | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 102.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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