M 
251
+5.46%
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
¥48.19bn
FY2017FY2026
Net income
¥1.04bn
FY2017FY2026
Free cash flow
¥532.2m
FY2017FY2026
Shareholders' equity
¥16.14bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥48.19bn | ¥50.50bn | ¥50.77bn | ¥36.33bn | ¥27.56bn | ¥22.29bn | ¥26.68bn | ¥29.39bn | ¥29.44bn | ¥26.71bn |
| Gross profit | ¥4.90bn | ¥4.70bn | ¥4.42bn | ¥3.09bn | ¥3.10bn | ¥2.12bn | ¥3.14bn | ¥4.07bn | ¥4.15bn | ¥3.78bn |
| Research and development | — | ¥166.1m | ¥171.3m | ¥154.3m | ¥130.7m | ¥121.6m | ¥161.0m | ¥179.5m | ¥172.7m | ¥151.8m |
| Operating income | ¥444.7m | ¥472.4m | ¥350.9m | −¥75.3m | ¥261.7m | −¥437.6m | ¥44.4m | ¥826.7m | ¥950.1m | ¥692.7m |
| Net income | ¥1.04bn | ¥329.4m | ¥312.3m | −¥704.8m | ¥254.3m | −¥329.7m | ¥80.8m | ¥639.3m | ¥859.2m | ¥531.2m |
| Diluted earnings per share | 46.53 | 14.70 | 13.94 | -31.46 | 11.35 | -14.72 | 3.61 | 28.53 | 38.35 | 23.71 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥35.16bn | ¥36.53bn | ¥37.23bn | ¥36.49bn | ¥23.83bn | ¥22.59bn | ¥22.98bn | ¥26.47bn | ¥25.47bn | ¥23.11bn |
| Cash and short-term investments | ¥4.99bn | ¥4.87bn | ¥5.71bn | ¥4.84bn | ¥2.67bn | ¥3.48bn | ¥3.25bn | ¥5.58bn | ¥5.34bn | ¥3.98bn |
| Total liabilities | ¥18.94bn | ¥21.91bn | ¥23.05bn | ¥23.57bn | ¥10.58bn | ¥9.70bn | ¥9.67bn | ¥12.83bn | ¥11.92bn | ¥10.39bn |
| Debt | ¥5.30bn | ¥6.39bn | ¥5.51bn | ¥5.67bn | ¥1.43bn | ¥1.48bn | ¥1.37bn | ¥1.63bn | ¥1.25bn | ¥1.88bn |
| Shareholders' equity | ¥16.14bn | ¥14.54bn | ¥14.11bn | ¥12.86bn | ¥13.18bn | ¥12.83bn | ¥13.26bn | ¥13.58bn | ¥13.47bn | ¥12.65bn |
| Shares outstanding | 22m | 22m | 22m | 22m | 22m | 22m | 22m | 22m | 22m | 22m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥937.9m | −¥1.76bn | ¥1.84bn | −¥316.8m | −¥502.2m | ¥774.4m | −¥787.4m | ¥1.19bn | ¥2.59bn | ¥864.2m |
| Capital spending | −¥405.7m | −¥551.5m | −¥579.7m | −¥656.0m | −¥478.0m | −¥856.0m | −¥1.24bn | −¥1.01bn | −¥438.7m | −¥761.7m |
| Free cash flow | ¥532.2m | −¥2.31bn | ¥1.26bn | −¥972.8m | −¥980.2m | −¥81.6m | −¥2.03bn | ¥179.1m | ¥2.15bn | ¥102.6m |
| Dividends paid | −¥89.6m | −¥89.5m | −¥67.5m | −¥90.2m | −¥69.3m | −¥179.4m | −¥246.3m | −¥246.2m | −¥224.4m | −¥223.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.81bn | ¥12.15bn | ¥11.93bn | ¥11.98bn | ¥12.14bn | ¥12.72bn | ¥12.71bn | ¥12.55bn |
| Gross profit | ¥1.36bn | ¥1.31bn | ¥1.32bn | ¥1.12bn | ¥1.15bn | ¥1.31bn | ¥1.22bn | ¥1.15bn |
| Operating income | ¥212.2m | ¥194.7m | ¥222.5m | −¥9.5m | ¥37.0m | ¥209.0m | ¥130.0m | ¥48.1m |
| Net income | ¥293.4m | ¥690.0m | ¥231.6m | ¥65.4m | ¥55.5m | ¥233.4m | ¥8.1m | ¥26.9m |
| Diluted earnings per share | 13.10 | 30.80 | 10.34 | 2.92 | 2.48 | 10.42 | 0.36 | 1.20 |
| Total assets | ¥35.40bn | ¥35.16bn | ¥36.38bn | ¥35.24bn | ¥35.56bn | ¥36.53bn | ¥37.91bn | ¥36.54bn |
| Cash and short-term investments | ¥6.13bn | ¥4.99bn | ¥5.92bn | ¥5.03bn | ¥5.42bn | ¥4.87bn | ¥6.07bn | ¥5.55bn |
| Debt | ¥3.69bn | ¥5.02bn | ¥3.96bn | ¥5.52bn | ¥4.79bn | ¥6.20bn | ¥5.02bn | ¥6.11bn |
| Shareholders' equity | ¥16.36bn | ¥16.14bn | ¥15.29bn | ¥14.76bn | ¥14.31bn | ¥14.54bn | ¥14.06bn | ¥14.19bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 10.2% | 9.3% | 8.7% | 8.5% | 11.3% | 9.5% | — |
| Operating margin | 0.9% | 0.8% | 0.5% | -0.2% | 0.7% | -2.0% | — |
| Net margin | 2.2% | 0.7% | 0.6% | -1.9% | 0.9% | -1.5% | — |
| Return on equity | 6.5% | 2.3% | 2.2% | -5.5% | 1.9% | -2.6% | — |
| Return on assets | 3.0% | 0.9% | 0.8% | -1.9% | 1.1% | -1.5% | — |
| Free cash flow yield | 22.3% | -20.0% | 40.1% | 5.6% | -0.4% | 27.1% | — |
| Revenue growth | -4.6% | -0.5% | 39.7% | 31.8% | 23.6% | -16.4% | — |
| Earnings growth | 216.5% | 5.5% | -144.3% | -377.1% | -177.1% | -508.0% | — |
| Current ratio | 1.56x | 1.39x | 1.36x | 1.28x | 1.82x | 1.90x | — |
| Debt to equity | 0.31x | 0.43x | 0.37x | 0.42x | 0.09x | 0.10x | — |
| Equity ratio | 45.9% | 39.8% | 37.9% | 35.2% | 55.3% | 56.8% | — |
| Interest coverage | 6.37x | 4.68x | 2.61x | -0.97x | 2.84x | -6.13x | — |
| R&D as a share of sales | — | 0.3% | 0.3% | 0.4% | 0.5% | 0.5% | 0.6% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.9% | 16.7% | 6.3% |
| Operating income | — | — | 1.1% |
| Net income | — | — | 17.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.7% | 9.2% | 9.5% | 10.9% |
| Operating margin | 0.9% | 0.6% | 0.4% | 1.1% |
| Net margin | 1.4% | 0.5% | 0.4% | 0.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.4 | 13.0 | 12.1 | -8.9 | 20.3 | -24.7 | 123.9 | 13.9 | 10.5 | 33.6 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.4 | 0.3 | 0.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 8.00 | 4.00 | 3.00 | 4.00 | 3.00 | 1.00 | 11.00 | 11.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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