K 
626
+3.81%
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
¥3.76bn
FY2021FY2026
Net income
¥67.5m
FY2021FY2026
Free cash flow
−¥347.9m
FY2021FY2026
Shareholders' equity
¥1.70bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥3.76bn | ¥3.08bn | ¥2.86bn | ¥2.91bn | ¥2.07bn | ¥1.26bn |
| Gross profit | ¥1.74bn | ¥1.32bn | ¥1.31bn | ¥1.28bn | ¥1.00bn | ¥633.7m |
| Operating income | ¥100.7m | −¥63.8m | ¥21.6m | −¥168.2m | −¥84.2m | ¥54.5m |
| Net income | ¥67.5m | −¥31.4m | ¥12.6m | −¥167.4m | −¥80.3m | ¥34.1m |
| Diluted earnings per share | 5.29 | -2.59 | 1.17 | -15.22 | -6.29 | 2.67 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥5.74bn | ¥3.11bn | ¥1.45bn | ¥1.34bn | ¥1.05bn | ¥430.7m |
| Cash and short-term investments | ¥1.83bn | ¥1.03bn | ¥982.3m | ¥1.05bn | ¥781.9m | ¥241.7m |
| Total liabilities | ¥3.78bn | ¥2.08bn | ¥411.4m | ¥318.8m | ¥411.4m | ¥358.9m |
| Debt | ¥3.10bn | ¥1.53bn | ¥130.8m | ¥63.9m | ¥131.0m | ¥173.1m |
| Shareholders' equity | ¥1.70bn | ¥1.03bn | ¥1.04bn | ¥1.02bn | ¥641.5m | ¥71.8m |
| Shares outstanding | 13m | 12m | 11m | 11m | 13m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥241.1m | ¥46.7m | −¥34.1m | −¥161.9m | −¥21.5m | ¥73.9m |
| Capital spending | −¥589.0m | −¥794.7m | −¥451,000 | −¥12.8m | −¥8.4m | −¥11.4m |
| Free cash flow | −¥347.9m | −¥748.1m | −¥34.5m | −¥174.7m | −¥29.9m | ¥62.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.16bn | ¥921.4m | ¥953.1m | ¥730.5m | ¥746.1m | ¥775.1m | ¥899.0m | ¥655.6m |
| Gross profit | ¥475.4m | ¥476.9m | ¥401.9m | ¥325.6m | ¥353.3m | ¥331.7m | ¥371.6m | ¥267.8m |
| Operating income | ¥1.1m | ¥80.0m | ¥35.6m | −¥15.8m | ¥15.5m | ¥10.9m | −¥9.1m | −¥81.2m |
| Net income | ¥19.2m | ¥67.7m | ¥20.8m | −¥41.7m | ¥54.3m | ¥7.4m | −¥10.0m | −¥83.0m |
| Diluted earnings per share | 1.50 | 5.31 | 1.71 | -3.44 | 4.47 | 0.61 | -0.93 | -7.68 |
| Cash from operations | — | — | ¥143.0m | — | — | — | — | — |
| Capital spending | — | — | −¥254.0m | — | — | — | — | — |
| Free cash flow | — | — | −¥111.0m | — | — | — | — | — |
| Total assets | ¥5.74bn | ¥4.02bn | ¥3.57bn | ¥3.05bn | ¥3.11bn | ¥2.42bn | ¥1.98bn | ¥2.04bn |
| Cash and short-term investments | ¥1.83bn | ¥1.30bn | ¥1.39bn | ¥1.07bn | ¥1.03bn | ¥672.6m | ¥984.8m | ¥1.03bn |
| Debt | ¥1.69bn | ¥856.2m | ¥1.52bn | ¥406.9m | ¥1.15bn | ¥731.0m | ¥641.9m | ¥488.3m |
| Shareholders' equity | ¥1.70bn | ¥1.60bn | ¥1.53bn | ¥1.51bn | ¥1.03bn | ¥970.5m | ¥961.8m | ¥962.5m |
Financial ratios
Data as of 14 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.3% | 43.1% | 45.6% | 44.1% | 48.4% | 50.2% |
| Operating margin | 2.7% | -2.1% | 0.7% | -5.6% | -3.6% | 4.3% |
| Net margin | 1.8% | -1.0% | 0.4% | -5.8% | -3.9% | 2.7% |
| Return on equity | 4.0% | -3.1% | 1.2% | -16.3% | -12.5% | 47.4% |
| Return on assets | 1.2% | -1.0% | 0.9% | -12.5% | -7.6% | 7.9% |
| Free cash flow yield | 3.0% | 0.6% | -0.5% | -2.3% | — | — |
| Revenue growth | 22.4% | 7.5% | -1.7% | 40.3% | 64.1% | — |
| Earnings growth | -314.8% | -348.9% | -107.5% | 108.5% | -335.7% | — |
| Current ratio | 1.12x | 0.86x | 4.04x | 4.39x | 2.75x | 1.45x |
| Debt to equity | 0.99x | 1.12x | 0.13x | 0.06x | 0.20x | 2.41x |
| Equity ratio | 29.5% | 33.1% | 71.7% | 76.3% | 60.9% | 16.7% |
| Interest coverage | 3.30x | -7.42x | 47.10x | -497.44x | -77.67x | 48.48x |
| Buybacks as a share of market value | -5.1% | -12.2% | 1.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 24.4% | — |
| Operating income | — | 13.1% | — |
| Net income | — | 14.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.8% | 44.8% | 45.7% | — |
| Operating margin | 0.5% | -0.9% | -0.9% | — |
| Net margin | 0.5% | -0.9% | -1.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 117.8 | -148.4 | 245.0 | -20.9 |
| Price to sales | 2.1 | 1.5 | 1.1 | 1.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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