F 
849
+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
¥46.21bn
FY2017FY2026
Net income
−¥2.41bn
FY2017FY2026
Free cash flow
¥2.12bn
FY2017FY2026
Shareholders' equity
¥14.35bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥46.21bn | ¥42.72bn | ¥42.39bn | ¥39.67bn | ¥38.96bn | ¥34.64bn | ¥40.32bn | ¥40.50bn | ¥38.99bn | ¥37.48bn |
| Gross profit | ¥6.26bn | ¥5.39bn | ¥5.11bn | ¥3.14bn | ¥4.30bn | ¥3.66bn | ¥5.30bn | ¥5.73bn | ¥5.88bn | ¥5.97bn |
| Research and development | ¥596.3m | ¥486.3m | ¥609.3m | ¥537.3m | ¥441.9m | ¥183.2m | ¥279.0m | ¥339.4m | ¥290.7m | ¥240.5m |
| Operating income | ¥1.19bn | ¥1.00bn | ¥413.2m | −¥2.99bn | ¥351.5m | ¥264.2m | ¥1.58bn | ¥1.72bn | ¥1.80bn | ¥2.25bn |
| Net income | −¥2.41bn | −¥206.5m | −¥593.5m | −¥2.73bn | −¥520.3m | −¥284.1m | ¥552.7m | ¥816.8m | ¥462.4m | ¥1.08bn |
| Diluted earnings per share | -564.35 | -48.26 | -138.56 | -621.03 | -118.22 | -64.56 | 125.60 | 185.59 | 105.05 | 244.76 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥46.38bn | ¥47.84bn | ¥50.20bn | ¥48.23bn | ¥50.19bn | ¥49.69bn | ¥46.82bn | ¥46.84bn | ¥46.08bn | ¥43.39bn |
| Cash and short-term investments | ¥5.85bn | ¥4.42bn | ¥4.15bn | ¥4.52bn | ¥5.97bn | ¥6.15bn | ¥4.53bn | ¥3.94bn | ¥4.52bn | ¥3.38bn |
| Total liabilities | ¥31.33bn | ¥30.84bn | ¥31.69bn | ¥30.93bn | ¥30.16bn | ¥30.16bn | ¥28.39bn | ¥27.84bn | ¥27.50bn | ¥25.49bn |
| Debt | ¥17.95bn | ¥18.26bn | ¥18.27bn | ¥17.87bn | ¥16.72bn | ¥17.69bn | ¥15.25bn | ¥14.40bn | ¥13.35bn | ¥11.36bn |
| Shareholders' equity | ¥14.35bn | ¥14.10bn | ¥15.64bn | ¥14.56bn | ¥17.20bn | ¥17.08bn | ¥16.30bn | ¥16.70bn | ¥16.37bn | ¥15.92bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥4.76bn | ¥814.6m | ¥4.74bn | ¥1.83bn | ¥4.19bn | ¥3.25bn | ¥4.88bn | ¥3.97bn | ¥3.73bn | ¥4.49bn |
| Capital spending | −¥2.64bn | −¥2.51bn | −¥5.48bn | −¥3.75bn | −¥3.27bn | −¥4.09bn | −¥3.73bn | −¥4.16bn | −¥4.46bn | −¥4.25bn |
| Free cash flow | ¥2.12bn | −¥1.69bn | −¥738.2m | −¥1.92bn | ¥922.2m | −¥843.1m | ¥1.15bn | −¥190.2m | −¥730.0m | ¥243.6m |
| Dividends paid | −¥84.8m | −¥126.2m | −¥476,000 | −¥131.2m | −¥131.5m | −¥175.8m | −¥261.2m | −¥307.2m | −¥329.3m | −¥307.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.40bn | ¥11.46bn | ¥11.70bn | ¥12.06bn | ¥10.97bn | ¥11.27bn | ¥10.60bn | ¥10.39bn |
| Gross profit | ¥1.36bn | ¥1.18bn | ¥1.54bn | ¥2.29bn | ¥1.53bn | ¥2.12bn | ¥1.33bn | ¥1.13bn |
| Operating income | ¥5.0m | −¥272.4m | ¥262.8m | ¥975.4m | ¥222.3m | ¥815.1m | ¥52.1m | −¥101.0m |
| Net income | ¥110.9m | −¥3.32bn | −¥19.2m | ¥689.7m | ¥235.5m | ¥721.6m | ¥231.3m | −¥1.02bn |
| Diluted earnings per share | 25.92 | -776.10 | -4.48 | 161.16 | 55.03 | 168.61 | 54.01 | -237.06 |
| Total assets | ¥46.04bn | ¥46.38bn | ¥51.15bn | ¥48.85bn | ¥47.26bn | ¥47.84bn | ¥51.01bn | ¥49.42bn |
| Cash and short-term investments | ¥5.73bn | ¥5.85bn | ¥7.30bn | ¥5.50bn | ¥4.69bn | ¥4.42bn | ¥4.36bn | ¥4.92bn |
| Debt | ¥11.72bn | ¥17.44bn | ¥12.93bn | ¥17.42bn | ¥12.71bn | ¥17.69bn | ¥14.57bn | ¥18.11bn |
| Shareholders' equity | ¥14.09bn | ¥14.35bn | ¥17.55bn | ¥16.55bn | ¥13.96bn | ¥14.10bn | ¥14.68bn | ¥13.55bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.5% | 12.6% | 12.1% | 7.9% | 11.0% | 10.6% |
| Operating margin | 2.6% | 1.4% | 1.0% | -2.6% | 0.9% | 0.4% |
| Net margin | -5.2% | -0.5% | -1.4% | -6.9% | -1.3% | -0.8% |
| Return on equity | -16.8% | -1.5% | -3.8% | -18.8% | -3.0% | -1.7% |
| Return on assets | -5.2% | -0.4% | -1.2% | -5.7% | -1.0% | -0.6% |
| Free cash flow yield | 178.4% | 80.1% | 246.4% | 130.8% | 174.9% | 172.2% |
| Revenue growth | 8.2% | 0.8% | 6.8% | 1.8% | 12.5% | -14.1% |
| Earnings growth | 1069.3% | -65.2% | -78.3% | 425.3% | 83.1% | -151.4% |
| Current ratio | 1.02x | 1.00x | 0.90x | 0.94x | 1.03x | 1.01x |
| Debt to equity | 1.22x | 1.26x | 1.13x | 1.19x | 0.93x | 0.99x |
| Equity ratio | 30.9% | 29.5% | 31.2% | 30.2% | 34.3% | 34.4% |
| Interest coverage | 3.18x | 1.33x | 1.12x | -3.73x | 1.89x | 0.75x |
| R&D as a share of sales | 1.3% | 1.1% | 1.4% | 1.4% | 1.1% | 0.5% |
| Buybacks as a share of market value | 0.0% | 0.1% | 2.7% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 5.9% | 1.9% |
| Operating income | — | 35.0% | -6.2% |
| Net income | -4.0% | 53.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.1% | 11.6% | 11.4% | 12.9% |
| Operating margin | 2.5% | -0.2% | 0.1% | 2.2% |
| Net margin | -2.9% | -3.5% | -2.8% | -0.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -38.0 | -5.7 | -1.7 | -8.8 | -24.5 | 12.3 | 11.2 | 20.4 | 9.2 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 35.00 | 30.00 | 30.00 | 30.00 | 40.00 | 60.00 | 70.00 | 75.00 |
- 5-to-1 reverse split · 28 Sept 2016
- 11-for-10 split · 28 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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