M 
743
+0.95%
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
¥29.79bn
FY2017FY2026
Net income
¥2.35bn
FY2017FY2026
Free cash flow
¥1.40bn
FY2017FY2026
Shareholders' equity
¥19.40bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥29.79bn | ¥28.27bn | ¥28.47bn | ¥27.33bn | ¥24.86bn | ¥25.63bn | ¥24.39bn | ¥23.40bn | ¥20.48bn | ¥20.56bn |
| Gross profit | ¥10.00bn | ¥8.81bn | ¥9.70bn | ¥9.10bn | ¥8.42bn | ¥8.72bn | ¥8.29bn | ¥8.04bn | ¥7.37bn | ¥7.23bn |
| Research and development | ¥924.6m | ¥938.4m | ¥916.8m | ¥841.0m | ¥809.9m | ¥783.6m | ¥775.6m | ¥790.2m | ¥757.0m | ¥734.7m |
| Operating income | ¥2.72bn | ¥2.00bn | ¥2.13bn | ¥1.69bn | ¥1.10bn | ¥1.51bn | ¥859.4m | ¥1.12bn | ¥888.3m | ¥1.00bn |
| Net income | ¥2.35bn | ¥1.33bn | ¥713.6m | ¥1.17bn | ¥566.2m | ¥521.8m | ¥437.0m | ¥763.6m | ¥477.7m | ¥614.6m |
| Diluted earnings per share | 169.06 | 95.84 | 48.48 | 79.58 | 38.71 | 35.79 | 30.06 | 52.52 | 32.94 | 42.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥28.33bn | ¥26.28bn | ¥26.78bn | ¥26.45bn | ¥25.50bn | ¥25.11bn | ¥24.68bn | ¥24.79bn | ¥20.86bn | ¥19.74bn |
| Cash and short-term investments | ¥5.34bn | ¥5.15bn | ¥4.87bn | ¥4.00bn | ¥3.47bn | ¥3.47bn | ¥3.07bn | ¥3.00bn | ¥1.71bn | ¥1.84bn |
| Total liabilities | ¥8.93bn | ¥9.59bn | ¥11.75bn | ¥12.67bn | ¥13.10bn | ¥13.16bn | ¥13.35bn | ¥13.49bn | ¥10.09bn | ¥9.29bn |
| Debt | ¥3.39bn | ¥4.29bn | ¥4.09bn | ¥5.19bn | ¥6.48bn | ¥6.44bn | ¥7.11bn | ¥7.57bn | ¥4.42bn | ¥4.04bn |
| Shareholders' equity | ¥19.40bn | ¥16.69bn | ¥15.03bn | ¥13.79bn | ¥12.41bn | ¥11.95bn | ¥11.33bn | ¥11.30bn | ¥10.77bn | ¥10.46bn |
| Shares outstanding | 14m | 14m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.99bn | ¥516.6m | ¥2.46bn | ¥2.27bn | ¥437.4m | ¥1.80bn | ¥1.35bn | ¥1.12bn | ¥498.3m | ¥995.6m |
| Capital spending | −¥595.1m | −¥154.3m | −¥212.0m | −¥194.0m | −¥288.2m | −¥323.2m | −¥248.9m | −¥189.6m | −¥279.5m | −¥354.8m |
| Free cash flow | ¥1.40bn | ¥362.3m | ¥2.25bn | ¥2.08bn | ¥149.2m | ¥1.48bn | ¥1.11bn | ¥926.0m | ¥218.8m | ¥640.8m |
| Dividends paid | −¥147.2m | −¥117.4m | −¥146.3m | −¥116.6m | −¥116.3m | −¥116.3m | −¥116.0m | −¥116.0m | −¥116.0m | −¥116.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.79bn | ¥6.60bn | ¥9.02bn | ¥8.03bn | ¥6.13bn | ¥5.31bn | ¥8.12bn | ¥7.79bn |
| Gross profit | ¥2.03bn | ¥1.96bn | ¥3.29bn | ¥2.82bn | ¥2.18bn | ¥1.50bn | ¥2.59bn | ¥2.62bn |
| Operating income | ¥194.2m | ¥38.6m | ¥1.45bn | ¥874.4m | ¥357.9m | −¥277.5m | ¥757.6m | ¥781.5m |
| Net income | ¥163.3m | ¥79.7m | ¥1.02bn | ¥1.01bn | ¥237.9m | −¥244.8m | ¥569.6m | ¥494.2m |
| Diluted earnings per share | 11.73 | 5.72 | 73.49 | 72.84 | 16.45 | -16.63 | 40.49 | 32.18 |
| Total assets | ¥29.07bn | ¥28.33bn | ¥29.74bn | ¥29.32bn | ¥27.08bn | ¥26.28bn | ¥28.61bn | ¥28.59bn |
| Cash and short-term investments | ¥5.62bn | ¥5.34bn | ¥5.35bn | ¥5.32bn | ¥5.08bn | ¥5.15bn | ¥4.84bn | ¥4.89bn |
| Debt | ¥2.15bn | ¥2.97bn | ¥2.72bn | ¥3.53bn | ¥2.87bn | ¥3.21bn | ¥2.73bn | ¥2.82bn |
| Shareholders' equity | ¥19.44bn | ¥19.40bn | ¥18.76bn | ¥17.55bn | ¥16.34bn | ¥16.69bn | ¥16.64bn | ¥16.24bn |
Financial ratios
Data as of 2 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.6% | 31.2% | 34.1% | 33.3% | 33.9% | 34.0% |
| Operating margin | 9.1% | 7.1% | 7.5% | 6.2% | 4.4% | 5.9% |
| Net margin | 7.9% | 4.7% | 2.5% | 4.3% | 2.3% | 2.0% |
| Return on equity | 12.1% | 8.0% | 4.7% | 8.5% | 4.6% | 4.4% |
| Return on assets | 8.3% | 5.1% | 2.7% | 4.4% | 2.2% | 2.1% |
| Free cash flow yield | 23.5% | 6.1% | 23.0% | 21.2% | 6.3% | 18.5% |
| Revenue growth | 5.4% | -0.7% | 4.2% | 9.9% | -3.0% | 5.1% |
| Earnings growth | 76.4% | 87.0% | -38.9% | 106.2% | 8.5% | 19.4% |
| Current ratio | 2.88x | 2.38x | 1.76x | 1.62x | 1.50x | 1.39x |
| Debt to equity | 0.15x | 0.23x | 0.25x | 0.35x | 0.49x | 0.50x |
| Equity ratio | 68.5% | 63.5% | 56.1% | 52.1% | 48.6% | 47.6% |
| Interest coverage | 86.43x | 68.33x | 63.85x | 42.38x | 27.11x | 30.58x |
| R&D as a share of sales | 3.1% | 3.3% | 3.2% | 3.1% | 3.3% | 3.1% |
| Buybacks as a share of market value | 0.0% | 5.4% | -0.3% | -0.3% | -0.3% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 3.0% | 3.8% |
| Operating income | 17.1% | 12.6% | 15.8% |
| Net income | 26.3% | 35.2% | 19.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.4% | 33.0% | 33.3% | 33.7% |
| Operating margin | 8.1% | 7.5% | 6.8% | 5.7% |
| Net margin | 6.4% | 4.9% | 4.1% | 3.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.4 | 6.8 | 10.6 | 4.9 | 8.9 | 9.5 | 14.5 | 8.4 | 9.3 | 10.6 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 18 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 25.00 | 8.00 | 10.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
- 11-for-10 split · 15 Mar 1991
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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