N 
1,390
+1.46%
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
¥11.44bn
FY2017FY2026
Net income
−¥346.7m
FY2017FY2026
Free cash flow
−¥185.8m
FY2017FY2026
Shareholders' equity
¥3.90bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.44bn | ¥11.26bn | ¥12.25bn | ¥10.92bn | ¥10.47bn | ¥10.98bn | ¥10.14bn | ¥10.50bn | ¥10.34bn | ¥9.10bn |
| Gross profit | ¥1.02bn | ¥753.2m | ¥1.55bn | ¥1.48bn | ¥1.42bn | ¥1.39bn | ¥1.28bn | ¥1.46bn | ¥1.32bn | ¥1.23bn |
| Research and development | — | ¥969,000 | ¥1.5m | ¥2.4m | ¥1.2m | ¥752,000 | — | ¥95,000 | ¥212,000 | ¥141,000 |
| Operating income | −¥307.9m | −¥540.7m | ¥259.2m | ¥213.0m | ¥162.2m | ¥209.8m | ¥64.0m | ¥147.2m | ¥56.8m | ¥106.2m |
| Net income | −¥346.7m | −¥335.3m | ¥271.4m | ¥289.8m | ¥236.6m | ¥297.0m | ¥63.4m | ¥123.9m | ¥175.8m | ¥949.9m |
| Diluted earnings per share | -252.41 | -247.76 | 202.88 | 207.76 | 169.51 | 213.21 | 45.97 | 89.79 | 127.56 | 685.79 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥12.98bn | ¥13.18bn | ¥15.35bn | ¥14.10bn | ¥13.75bn | ¥14.69bn | ¥13.91bn | ¥13.96bn | ¥13.82bn | ¥13.83bn |
| Cash and short-term investments | ¥1.78bn | ¥1.90bn | ¥642.2m | ¥660.5m | ¥721.3m | ¥718.6m | ¥590.7m | ¥365.4m | ¥308.3m | ¥801.3m |
| Total liabilities | ¥8.12bn | ¥8.16bn | ¥9.19bn | ¥8.08bn | ¥8.00bn | ¥8.49bn | ¥8.37bn | ¥8.52bn | ¥8.61bn | ¥8.56bn |
| Debt | ¥3.12bn | ¥3.11bn | ¥3.25bn | ¥2.92bn | ¥3.03bn | ¥2.94bn | ¥3.27bn | ¥3.47bn | ¥3.74bn | ¥4.16bn |
| Shareholders' equity | ¥3.90bn | ¥4.09bn | ¥5.23bn | ¥5.13bn | ¥4.91bn | ¥5.39bn | ¥4.76bn | ¥4.67bn | ¥4.45bn | ¥4.51bn |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥294.8m | ¥896.2m | ¥386.9m | ¥459.8m | ¥412.2m | ¥551.2m | ¥985.1m | ¥774.0m | ¥317.2m | −¥274.2m |
| Capital spending | −¥480.6m | −¥378.3m | −¥758.0m | −¥585.9m | −¥523.6m | −¥228.1m | −¥675.5m | −¥232.0m | −¥429.0m | −¥247.7m |
| Free cash flow | −¥185.8m | ¥517.9m | −¥371.1m | −¥126.2m | −¥111.5m | ¥323.1m | ¥309.7m | ¥542.0m | −¥111.8m | −¥521.9m |
| Dividends paid | −¥26.8m | −¥94.8m | −¥94.8m | −¥67.3m | −¥67.6m | −¥40.5m | −¥40.5m | −¥40.7m | −¥41.1m | −¥34.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.17bn | ¥2.65bn | ¥3.00bn | ¥2.96bn | ¥2.84bn | ¥2.50bn | ¥2.79bn | ¥2.61bn |
| Gross profit | ¥366.3m | ¥209.3m | ¥277.6m | ¥280.6m | ¥254.2m | ¥138.5m | ¥89.9m | ¥121.2m |
| Operating income | ¥32.0m | −¥120.8m | −¥71.1m | −¥42.2m | −¥73.8m | −¥181.2m | −¥248.4m | −¥178.3m |
| Net income | ¥11.1m | −¥268.3m | −¥57.8m | ¥33.2m | −¥53.8m | ¥492.4m | −¥763.0m | −¥117.1m |
| Diluted earnings per share | 8.06 | -195.33 | -42.72 | 24.56 | -39.78 | 363.79 | -570.42 | -87.57 |
| Total assets | ¥13.19bn | ¥12.98bn | ¥13.16bn | ¥12.57bn | ¥12.39bn | ¥13.18bn | ¥13.79bn | ¥14.47bn |
| Cash and short-term investments | ¥2.00bn | ¥1.78bn | ¥914.8m | ¥1.13bn | ¥1.14bn | ¥1.90bn | ¥1.29bn | ¥1.42bn |
| Debt | ¥1.01bn | ¥2.58bn | ¥1.15bn | ¥2.83bn | ¥938.0m | ¥3.11bn | ¥1.31bn | ¥3.51bn |
| Shareholders' equity | ¥4.03bn | ¥3.90bn | ¥3.97bn | ¥3.97bn | ¥4.06bn | ¥4.09bn | ¥4.18bn | ¥5.05bn |
Financial ratios
Data as of 31 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 8.9% | 6.7% | 12.7% | 13.6% | 13.6% | 12.6% | — |
| Operating margin | -2.7% | -4.8% | 2.1% | 2.0% | 1.5% | 1.9% | — |
| Net margin | -3.0% | -3.0% | 2.2% | 2.7% | 2.3% | 2.7% | — |
| Return on equity | -8.9% | -8.2% | 5.2% | 5.6% | 4.8% | 5.5% | — |
| Return on assets | -2.7% | -2.5% | 1.8% | 2.1% | 1.7% | 2.0% | — |
| Free cash flow yield | 40.5% | 67.6% | 61.4% | 53.8% | 48.1% | 40.1% | — |
| Revenue growth | 1.6% | -8.1% | 12.2% | 4.3% | -4.7% | 8.3% | — |
| Earnings growth | 3.4% | -223.6% | -6.4% | 22.5% | -20.4% | 368.2% | — |
| Current ratio | 1.34x | 1.39x | 1.28x | 1.34x | 1.28x | 1.22x | — |
| Debt to equity | 0.66x | 0.76x | 0.62x | 0.57x | 0.62x | 0.54x | — |
| Equity ratio | 30.0% | 31.1% | 34.1% | 36.4% | 35.7% | 36.7% | — |
| Interest coverage | -9.34x | -22.75x | 16.71x | 14.29x | 11.21x | 10.58x | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -1.5% | -1.2% | 4.1% | 0.0% | -0.2% | -1.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.6% | 0.8% | 7.2% |
| Operating income | — | — | 36.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.8% | 10.5% | 11.3% | 12.0% |
| Operating margin | -3.7% | -0.8% | -0.0% | 0.3% |
| Net margin | -3.0% | -0.3% | 0.6% | 1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.4 | -5.1 | 6.7 | 8.5 | 6.8 | 5.4 | 28.9 | 11.4 | 7.5 | 1.8 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 50.00 | 70.00 | 70.00 | 50.00 | 50.00 | 30.00 | 30.00 | 30.00 |
- 10-to-1 reverse split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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