J 
139
+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
¥5.06bn
FY2016FY2025
Net income
−¥30.2m
FY2016FY2025
Free cash flow
−¥66.6m
FY2016FY2025
Shareholders' equity
¥2.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.06bn | ¥5.04bn | ¥5.11bn | ¥5.35bn | ¥5.33bn | ¥5.31bn | ¥7.09bn | ¥7.40bn | ¥7.80bn | ¥8.10bn |
| Gross profit | ¥1.21bn | ¥1.17bn | ¥1.07bn | ¥1.37bn | ¥1.33bn | ¥1.16bn | ¥1.47bn | ¥1.53bn | ¥1.79bn | ¥1.85bn |
| Research and development | ¥18.8m | ¥19.5m | ¥18.3m | ¥22.8m | ¥28.6m | ¥39.4m | ¥50.0m | ¥41.3m | ¥38.2m | ¥40.5m |
| Operating income | ¥10.5m | −¥93.9m | −¥125.3m | ¥85.4m | ¥76.3m | −¥302.2m | −¥285.4m | −¥332.3m | ¥135.3m | ¥140.7m |
| Net income | −¥30.2m | ¥509.3m | −¥108.4m | ¥40.2m | ¥2.14bn | −¥322.0m | −¥1.51bn | −¥330.3m | ¥117.4m | ¥3.1m |
| Diluted earnings per share | -2.11 | 34.98 | -6.83 | 2.05 | 104.97 | -19.85 | -93.00 | -20.36 | 7.23 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.62bn | ¥5.79bn | ¥7.46bn | ¥8.00bn | ¥8.08bn | ¥6.86bn | ¥8.22bn | ¥8.64bn | ¥9.69bn | ¥10.28bn |
| Cash and short-term investments | ¥1.38bn | ¥1.62bn | ¥2.14bn | ¥2.04bn | ¥2.22bn | ¥452.9m | ¥523.8m | ¥798.7m | ¥795.3m | ¥987.4m |
| Total liabilities | ¥3.30bn | ¥3.48bn | ¥4.09bn | ¥4.54bn | ¥4.82bn | ¥5.56bn | ¥6.52bn | ¥5.55bn | ¥6.01bn | ¥6.55bn |
| Debt | ¥1.98bn | ¥2.09bn | ¥2.74bn | ¥2.79bn | ¥2.94bn | ¥3.84bn | ¥4.40bn | ¥3.57bn | ¥4.01bn | ¥4.17bn |
| Shareholders' equity | ¥2.30bn | ¥2.28bn | ¥3.37bn | ¥3.46bn | ¥3.26bn | ¥1.31bn | ¥1.70bn | ¥3.09bn | ¥3.68bn | ¥3.73bn |
| Shares outstanding | 14m | 15m | 16m | 20m | 20m | 16m | 16m | 16m | 16m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥24.7m | ¥233.4m | ¥257.5m | −¥159.1m | ¥368.8m | ¥342.6m | −¥857.9m | ¥555.0m | ¥130.0m | ¥576.6m |
| Capital spending | −¥91.3m | −¥148.3m | −¥15.2m | −¥26.1m | −¥21.4m | −¥168.0m | −¥263.2m | −¥484.7m | −¥199.1m | −¥82.8m |
| Free cash flow | −¥66.6m | ¥85.2m | ¥242.3m | −¥185.1m | ¥347.4m | ¥174.6m | −¥1.12bn | ¥70.4m | −¥69.1m | ¥493.8m |
| Dividends paid | −¥71.4m | −¥317.7m | −¥39.7m | −¥79.4m | −¥79.0m | −¥79.0m | −¥79.0m | −¥81.1m | −¥49.9m | −¥49.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.24bn | ¥1.14bn | ¥1.31bn | ¥1.30bn | ¥1.28bn | ¥1.17bn | ¥1.39bn | ¥1.31bn |
| Gross profit | ¥308.6m | ¥256.2m | ¥333.3m | ¥315.8m | ¥307.7m | ¥255.7m | ¥332.6m | ¥317.2m |
| Operating income | ¥30.2m | −¥40.8m | ¥35.9m | ¥21.0m | ¥5.2m | −¥51.7m | ¥16.5m | −¥19.1m |
| Net income | ¥27.3m | −¥41.9m | ¥40.5m | ¥13.2m | −¥5.3m | −¥78.6m | ¥67.9m | ¥125.0m |
| Diluted earnings per share | 1.91 | -2.93 | 2.83 | 0.93 | -0.37 | -5.50 | 4.66 | 8.58 |
| Total assets | ¥5.21bn | ¥5.30bn | ¥5.62bn | ¥5.57bn | ¥5.63bn | ¥5.69bn | ¥5.79bn | ¥6.93bn |
| Cash and short-term investments | ¥1.13bn | ¥1.24bn | ¥1.38bn | ¥1.35bn | ¥1.38bn | ¥1.53bn | ¥1.62bn | ¥2.78bn |
| Debt | ¥1.78bn | ¥1.48bn | ¥1.98bn | ¥1.61bn | ¥2.05bn | ¥1.63bn | ¥1.57bn | ¥1.53bn |
| Shareholders' equity | ¥2.23bn | ¥2.24bn | ¥2.30bn | ¥2.23bn | ¥2.19bn | ¥2.15bn | ¥2.28bn | ¥3.12bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.9% | 23.3% | 21.0% | 25.6% | 25.0% | 21.9% |
| Operating margin | 0.2% | -1.9% | -2.5% | 1.6% | 1.4% | -3.4% |
| Net margin | -0.6% | 10.1% | -2.1% | 0.8% | 40.1% | -6.1% |
| Return on equity | -1.3% | 22.3% | -3.2% | 1.2% | 65.6% | -24.6% |
| Return on assets | -0.5% | 8.8% | -1.5% | 0.5% | 26.5% | -4.7% |
| Free cash flow yield | 5.5% | 17.8% | 11.7% | -4.6% | 13.0% | 21.4% |
| Revenue growth | 0.5% | -1.3% | -4.6% | 0.4% | 0.4% | -25.1% |
| Earnings growth | -105.9% | -569.7% | -369.6% | -98.1% | -764.0% | -78.7% |
| Current ratio | 1.47x | 1.52x | 1.53x | 1.82x | 1.70x | 1.01x |
| Debt to equity | 0.86x | 0.90x | 0.80x | 0.79x | 0.87x | 2.91x |
| Equity ratio | 40.9% | 39.5% | 45.1% | 43.2% | 40.3% | 19.1% |
| Interest coverage | 0.43x | -4.84x | -5.80x | 3.88x | 2.62x | -4.43x |
| R&D as a share of sales | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% | 0.7% |
| Buybacks as a share of market value | 1.9% | 8.3% | 19.2% | 3.5% | -25.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.8% | -0.9% | -4.7% |
| Operating income | -50.4% | — | — |
| Net income | — | -37.7% | -27.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.6% | 23.5% | 23.5% | 22.0% |
| Operating margin | -0.8% | -0.6% | -1.1% | -1.7% |
| Net margin | 4.7% | 2.0% | 7.1% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -89.8 | 11.2 | -15.7 | 57.7 | 1.3 | -6.5 | -1.6 | -6.1 | 33.7 | — |
| Price to sales | 0.5 | 1.1 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.50 | 20.00 | 5.00 | 5.00 | 5.00 | 3.00 | 5.00 | 5.00 |
- 1-to-1 reverse split · 1 Jan 2007
- 11-for-10 split · 27 Mar 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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