Z 
251
-0.79%
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
¥1.86bn
FY2016FY2025
Net income
¥231.0m
FY2016FY2025
Free cash flow
¥257.9m
FY2016FY2025
Shareholders' equity
¥920.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.86bn | ¥681.6m | ¥1.42bn | ¥2.44bn | ¥2.60bn | ¥1.39bn | ¥1.03bn | ¥691.7m | ¥638.2m | ¥606.1m |
| Research and development | — | — | — | ¥501,000 | ¥372,000 | ¥878,000 | ¥10.2m | — | — | — |
| Operating income | ¥396.2m | −¥116.5m | ¥176.2m | ¥380.8m | ¥363.7m | −¥45.0m | −¥101.1m | −¥107.6m | −¥106.4m | −¥157.3m |
| Net income | ¥231.0m | ¥192.6m | ¥84.7m | ¥260.6m | −¥1.15bn | −¥55.2m | −¥137.1m | −¥111.8m | −¥120.9m | −¥250.2m |
| Diluted earnings per share | 11.20 | 9.30 | 4.10 | 10.64 | -45.18 | -6.54 | -32.51 | -26.61 | -29.25 | -60.95 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.98bn | ¥2.76bn | ¥2.09bn | ¥2.60bn | ¥3.09bn | ¥515.4m | ¥558.2m | ¥562.1m | ¥652.8m | ¥730.2m |
| Cash and short-term investments | ¥1.65bn | ¥1.49bn | ¥1.14bn | ¥1.17bn | ¥1.75bn | ¥245.6m | ¥323.6m | ¥446.6m | ¥538.6m | ¥651.1m |
| Total liabilities | ¥2.06bn | ¥1.92bn | ¥1.35bn | ¥1.79bn | ¥1.57bn | ¥235.2m | ¥223.3m | ¥91.7m | ¥90.2m | ¥74.4m |
| Debt | ¥1.75bn | ¥1.70bn | ¥1.02bn | ¥1.22bn | ¥889.4m | ¥25.0m | — | — | — | ¥717,000 |
| Shareholders' equity | ¥920.3m | ¥835.6m | ¥741.1m | ¥801.4m | ¥1.52bn | ¥280.2m | ¥335.0m | ¥470.4m | ¥562.5m | ¥655.8m |
| Shares outstanding | 21m | 21m | 21m | 24m | 25m | 8m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥293.3m | −¥107.6m | ¥178.0m | ¥94.7m | ¥1.41bn | −¥89.8m | −¥63.1m | −¥104.9m | −¥117.7m | −¥121.0m |
| Capital spending | −¥35.5m | −¥18.1m | −¥19.6m | −¥15.1m | −¥23.4m | −¥10.4m | −¥9.4m | −¥9.1m | −¥13.1m | −¥26.2m |
| Free cash flow | ¥257.9m | −¥125.7m | ¥158.4m | ¥79.6m | ¥1.39bn | −¥100.1m | −¥72.5m | −¥114.0m | −¥130.9m | −¥147.2m |
| Dividends paid | −¥82.3m | −¥62.2m | −¥25.3m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥613.1m | ¥304.8m | ¥538.9m | ¥401.9m | ¥378.1m | ¥303.5m | ¥404.8m | ¥413.7m |
| Operating income | ¥240.8m | −¥51.7m | ¥181.5m | ¥25.6m | ¥28.0m | −¥144.5m | ¥93.6m | ¥95.9m |
| Net income | ¥153.2m | −¥21.8m | ¥111.5m | −¥11.9m | ¥313.7m | −¥121.0m | ¥85.6m | ¥46.2m |
| Diluted earnings per share | 7.42 | -1.06 | 5.41 | -0.58 | 15.13 | -5.84 | 4.08 | 2.24 |
| Total assets | ¥2.98bn | ¥3.05bn | ¥2.56bn | ¥2.64bn | ¥2.76bn | ¥2.43bn | ¥2.09bn | ¥2.29bn |
| Cash and short-term investments | ¥1.65bn | ¥1.81bn | ¥1.30bn | ¥1.36bn | ¥1.49bn | ¥1.13bn | ¥1.14bn | ¥1.05bn |
| Debt | ¥1.21bn | ¥1.38bn | ¥988.5m | ¥1.13bn | ¥1.20bn | ¥789.0m | ¥661.2m | ¥750.9m |
| Shareholders' equity | ¥920.3m | ¥827.1m | ¥856.9m | ¥744.7m | ¥835.6m | ¥941.5m | ¥741.1m | ¥791.7m |
Financial ratios
Data as of 14 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 20.4% | -17.1% | 27.9% | 8.1% | 14.0% | -3.2% | — | — | — |
| Net margin | 12.4% | 28.3% | 18.0% | 4.9% | -44.2% | -4.0% | — | — | — |
| Return on equity | 25.1% | 46.1% | 27.9% | 16.8% | -75.4% | -19.7% | — | — | — |
| Return on assets | 7.7% | 14.0% | 11.8% | 4.6% | -37.1% | -10.7% | — | — | — |
| Free cash flow yield | 6.0% | -1.6% | 3.5% | 2.0% | 4.4% | -1.2% | — | — | — |
| Revenue growth | 36.3% | -21.6% | -22.3% | -13.7% | 86.3% | 35.4% | — | — | — |
| Earnings growth | -40.0% | 23.3% | 186.7% | -109.5% | 1977.0% | -59.7% | — | — | — |
| Current ratio | 2.62x | 2.52x | 2.89x | 2.27x | 3.31x | 2.36x | — | — | — |
| Debt to equity | 1.90x | 0.55x | 0.91x | 1.87x | 0.58x | 0.09x | — | — | — |
| Equity ratio | 30.8% | 30.3% | 42.4% | 27.5% | 49.1% | 54.4% | — | — | — |
| Interest coverage | 18.25x | -14.03x | 34.23x | 18.05x | 55.03x | -220.59x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.1% | 1.0% | 1.8% | 3.2% |
| Buybacks as a share of market value | 1.0% | 0.1% | -0.4% | 19.6% | -0.7% | -50.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | 5.9% | 9.3% |
| Operating income | 1.3% | — | — |
| Net income | -3.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.0% | 13.1% | 11.1% | 3.9% |
| Net margin | 16.7% | 12.0% | -4.2% | -8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.5 | 47.1 | 94.3 | 18.9 | -5.1 | -20.2 | -4.7 | -4.0 | -7.1 | -4.7 |
| Price to sales | 3.3 | 13.3 | 5.6 | 2.0 | 2.2 | 0.8 | 0.6 | 0.6 | 1.3 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 4.40 | 7.35 |
- 2-for-1 split · 29 Aug 2024
- 2-for-1 split · 28 Dec 2023
- 2-for-1 split · 28 Jan 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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