A 
165
+6.45%
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
¥3.93bn
FY2016FY2025
Net income
¥258.3m
FY2016FY2025
Free cash flow
¥246.6m
FY2016FY2025
Shareholders' equity
¥1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.93bn | ¥4.23bn | ¥4.50bn | ¥4.67bn | ¥3.16bn | ¥2.43bn | ¥2.83bn | ¥3.48bn | ¥3.76bn | ¥3.25bn |
| Gross profit | ¥1.35bn | ¥1.33bn | ¥1.46bn | ¥1.57bn | ¥876.2m | ¥498.5m | ¥954.7m | ¥1.20bn | ¥1.37bn | ¥1.24bn |
| Operating income | ¥140.8m | ¥5.7m | ¥72.6m | ¥2.8m | −¥320.3m | −¥404.0m | ¥38.6m | ¥169.0m | ¥437.7m | ¥293.9m |
| Net income | ¥258.3m | −¥36.7m | ¥53.0m | ¥2.1m | −¥351.1m | −¥440.8m | −¥146.7m | ¥269.9m | ¥301.4m | ¥148.7m |
| Diluted earnings per share | 25.16 | -3.58 | 5.22 | 0.21 | -36.76 | -49.43 | -16.69 | 30.82 | 34.53 | 17.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.13bn | ¥4.11bn | ¥4.57bn | ¥4.65bn | ¥5.60bn | ¥4.34bn | ¥4.32bn | ¥4.49bn | ¥3.55bn | ¥2.80bn |
| Cash and short-term investments | ¥1.13bn | ¥1.05bn | ¥1.14bn | ¥1.23bn | ¥1.84bn | ¥1.71bn | ¥1.36bn | ¥1.49bn | ¥1.07bn | ¥1.10bn |
| Total liabilities | ¥2.43bn | ¥2.68bn | ¥3.13bn | ¥3.35bn | ¥4.16bn | ¥2.97bn | ¥2.49bn | ¥2.49bn | ¥1.79bn | ¥1.32bn |
| Debt | ¥1.05bn | ¥1.29bn | ¥1.54bn | ¥1.91bn | ¥2.44bn | ¥1.75bn | ¥1.45bn | ¥1.10bn | ¥658.8m | ¥250.7m |
| Shareholders' equity | ¥1.70bn | ¥1.44bn | ¥1.45bn | ¥1.31bn | ¥1.44bn | ¥1.37bn | ¥1.84bn | ¥2.00bn | ¥1.76bn | ¥1.48bn |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 9m | 9m | 9m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥287.2m | ¥200.9m | ¥217.0m | −¥132.6m | −¥208.6m | ¥272.2m | −¥147.7m | −¥143.3m | ¥122.9m | −¥178.2m |
| Capital spending | −¥40.6m | −¥78.5m | −¥75.0m | −¥156.4m | −¥56.2m | −¥227.2m | −¥178.5m | −¥189.2m | −¥198.0m | −¥174.6m |
| Free cash flow | ¥246.6m | ¥122.4m | ¥142.0m | −¥288.9m | −¥264.8m | ¥44.9m | −¥326.2m | −¥332.4m | −¥75.1m | −¥352.8m |
| Dividends paid | — | — | −¥117,000 | −¥243,000 | −¥31.0m | −¥30.7m | −¥30.6m | −¥30.7m | −¥26.0m | −¥23.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥649.1m | ¥970.4m | ¥1.10bn | ¥944.5m | ¥903.7m | ¥979.7m | ¥1.15bn | ¥1.03bn |
| Gross profit | ¥239.3m | ¥338.8m | ¥356.5m | ¥345.9m | ¥320.1m | ¥324.4m | ¥370.7m | ¥335.0m |
| Operating income | ¥64.1m | ¥17.5m | ¥51.9m | ¥63.2m | ¥45.6m | −¥19.9m | ¥40.0m | ¥17.0m |
| Net income | ¥67.8m | −¥113.7m | ¥79.4m | ¥63.3m | ¥135.3m | −¥19.7m | ¥42.0m | −¥15.0m |
| Diluted earnings per share | 6.60 | -11.08 | 7.73 | 6.17 | 13.18 | -1.92 | 4.09 | -1.46 |
| Total assets | ¥3.40bn | ¥3.38bn | ¥4.13bn | ¥3.86bn | ¥3.81bn | ¥3.83bn | ¥4.11bn | ¥3.94bn |
| Cash and short-term investments | ¥1.18bn | ¥1.27bn | ¥1.13bn | ¥1.10bn | ¥1.02bn | ¥1.02bn | ¥1.05bn | ¥966.0m |
| Debt | ¥743.0m | ¥175.5m | ¥1.05bn | ¥226.0m | ¥1.18bn | ¥267.7m | ¥275.5m | ¥289.2m |
| Shareholders' equity | ¥1.66bn | ¥1.59bn | ¥1.70bn | ¥1.61bn | ¥1.55bn | ¥1.42bn | ¥1.44bn | ¥1.39bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.3% | 31.5% | 32.5% | 33.7% | 27.7% | 20.5% |
| Operating margin | 6.5% | -0.2% | 2.0% | 0.9% | -10.1% | -16.6% |
| Net margin | 6.6% | -0.9% | 1.2% | 0.0% | -11.1% | -18.2% |
| Return on equity | 15.2% | -2.6% | 3.7% | 0.2% | -24.4% | -32.2% |
| Return on assets | 6.3% | -0.9% | 1.2% | 0.0% | -6.3% | -10.2% |
| Free cash flow yield | 16.4% | 14.0% | 14.8% | 1.2% | -8.2% | 28.7% |
| Revenue growth | -7.2% | -5.8% | -3.7% | 47.9% | 30.1% | -14.4% |
| Earnings growth | -803.1% | -169.3% | 2419.0% | -100.6% | -20.3% | 200.5% |
| Current ratio | 1.99x | 1.87x | 1.80x | 1.92x | 1.77x | 1.38x |
| Debt to equity | 0.62x | 0.89x | 1.06x | 1.46x | 1.69x | 1.27x |
| Equity ratio | 41.1% | 34.9% | 31.6% | 28.1% | 25.7% | 31.5% |
| Interest coverage | 18.33x | -0.52x | 6.02x | 2.61x | -29.26x | -60.68x |
| Buybacks as a share of market value | -0.0% | -1.2% | -3.7% | -2.5% | -7.1% | -1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.6% | 10.1% | 4.4% |
| Operating income | 268.1% | — | -9.6% |
| Net income | 397.0% | — | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.9% | 33.0% | 30.9% | 33.2% |
| Operating margin | 1.8% | 1.3% | -2.2% | 2.1% |
| Net margin | 2.7% | 1.6% | -2.2% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | -37.7 | 36.4 | — | -7.9 | -6.2 | -21.8 | 13.3 | 20.7 | 42.5 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.4 | 0.9 | 1.1 | 1.1 | 1.0 | 1.7 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Dec 2020.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 3.50 | 3.50 | 3.50 | 3.50 | 3.00 | 3.00 |
- 3-for-1 split · 27 Aug 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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