E 
920
+2.45%
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
¥3.71bn
FY2016FY2025
Net income
¥101.9m
FY2016FY2025
Free cash flow
¥272.6m
FY2016FY2025
Shareholders' equity
¥1.89bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.71bn | ¥2.91bn | ¥3.60bn | ¥6.24bn | ¥4.36bn | ¥2.25bn | ¥2.96bn | ¥2.87bn | ¥2.57bn | ¥2.51bn |
| Gross profit | ¥872.0m | ¥800.1m | ¥903.9m | ¥1.27bn | ¥698.7m | ¥474.3m | ¥672.8m | ¥813.0m | ¥612.9m | ¥644.3m |
| Operating income | ¥96.1m | ¥55.5m | ¥176.4m | ¥721.6m | ¥240.0m | ¥17.4m | ¥93.5m | ¥148.4m | ¥62.6m | ¥149.7m |
| Net income | ¥101.9m | ¥48.0m | ¥120.0m | ¥500.1m | ¥178.9m | −¥271,000 | ¥62.6m | ¥95.5m | ¥25.3m | ¥64.0m |
| Diluted earnings per share | 40.45 | 19.06 | 47.62 | 197.66 | 71.00 | -0.11 | 25.16 | 35.86 | 9.72 | 25.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.81bn | ¥3.81bn | ¥3.69bn | ¥3.93bn | ¥3.80bn | ¥2.65bn | ¥2.66bn | ¥2.28bn | ¥2.12bn | ¥2.08bn |
| Cash and short-term investments | ¥2.49bn | ¥2.30bn | ¥2.27bn | ¥2.36bn | ¥1.76bn | ¥1.63bn | ¥1.11bn | ¥954.2m | ¥976.5m | ¥990.7m |
| Total liabilities | ¥1.93bn | ¥2.00bn | ¥1.97bn | ¥2.33bn | ¥2.72bn | ¥1.79bn | ¥1.78bn | ¥1.46bn | ¥1.37bn | ¥1.36bn |
| Debt | ¥1.08bn | ¥1.18bn | ¥1.09bn | ¥1.13bn | ¥1.41bn | ¥1.06bn | ¥943.1m | ¥619.4m | ¥754.4m | ¥767.8m |
| Shareholders' equity | ¥1.89bn | ¥1.80bn | ¥1.71bn | ¥1.61bn | ¥1.08bn | ¥866.5m | ¥876.7m | ¥820.5m | ¥750.4m | ¥721.5m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 2m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥295.7m | −¥39.8m | −¥5.5m | ¥920.2m | −¥245.0m | ¥404.8m | −¥38.0m | ¥226.0m | ¥151.0m | ¥421.0m |
| Capital spending | −¥23.1m | −¥49.2m | −¥25.4m | −¥66.6m | −¥20.1m | −¥16.1m | −¥72.0m | −¥72.0m | −¥42.0m | −¥40.7m |
| Free cash flow | ¥272.6m | −¥89.0m | −¥30.9m | ¥853.7m | −¥265.1m | ¥388.7m | −¥110.0m | ¥154.0m | ¥109.0m | ¥380.3m |
| Dividends paid | −¥19.4m | −¥12.5m | −¥57.5m | −¥25.0m | −¥28,000 | −¥12.3m | −¥12.3m | −¥12.0m | −¥12.0m | −¥12.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.00bn | ¥964.3m | ¥1.00bn | ¥895.5m | ¥910.4m | ¥906.7m | ¥738.0m | ¥757.0m |
| Gross profit | ¥265.9m | ¥214.6m | ¥259.1m | ¥176.7m | ¥248.5m | ¥187.6m | ¥202.0m | ¥215.0m |
| Operating income | ¥87.0m | ¥18.1m | ¥75.2m | −¥18.3m | ¥50.3m | −¥11.0m | ¥22.0m | ¥22.0m |
| Net income | ¥59.3m | ¥18.9m | ¥51.0m | ¥7.6m | ¥24.4m | ¥18.9m | ¥13.0m | ¥17.0m |
| Diluted earnings per share | 23.55 | 7.52 | 20.25 | 3.02 | 9.69 | 7.50 | 5.16 | 6.75 |
| Total assets | ¥4.11bn | ¥3.91bn | ¥3.81bn | ¥3.74bn | ¥3.85bn | ¥3.76bn | ¥3.81bn | ¥3.74bn |
| Cash and short-term investments | ¥2.52bn | ¥2.32bn | ¥2.49bn | ¥2.40bn | ¥2.47bn | ¥2.32bn | ¥2.30bn | ¥2.49bn |
| Debt | ¥1.08bn | ¥1.08bn | ¥1.08bn | ¥1.08bn | ¥1.08bn | ¥1.18bn | ¥1.18bn | ¥1.18bn |
| Shareholders' equity | ¥1.97bn | ¥1.89bn | ¥1.89bn | ¥1.80bn | ¥1.77bn | ¥1.75bn | ¥1.80bn | ¥1.75bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.5% | 27.5% | 25.1% | 20.3% | 16.0% | 21.1% |
| Operating margin | 3.6% | 2.4% | 5.2% | 11.8% | 5.9% | 0.3% |
| Net margin | 2.7% | 1.7% | 3.3% | 8.0% | 4.1% | -0.0% |
| Return on equity | 5.4% | 2.7% | 7.0% | 31.1% | 16.6% | -0.0% |
| Return on assets | 2.7% | 1.3% | 3.3% | 12.7% | 4.7% | -0.0% |
| Free cash flow yield | 13.4% | 0.4% | 0.8% | 41.2% | -9.4% | 17.7% |
| Revenue growth | 27.7% | -19.2% | -42.3% | 43.2% | 93.6% | -23.9% |
| Earnings growth | 112.2% | -60.0% | -76.0% | 179.6% | -66103.3% | -100.4% |
| Current ratio | 1.90x | 1.81x | 1.79x | 1.61x | 1.33x | 1.39x |
| Debt to equity | 0.57x | 0.65x | 0.63x | 0.70x | 1.31x | 1.22x |
| Equity ratio | 49.5% | 47.4% | 46.5% | 40.8% | 28.4% | 32.6% |
| Interest coverage | 10.94x | 10.04x | 36.64x | 123.49x | 47.20x | 1.23x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.4% | -0.3% | -0.6% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.9% | 10.5% | 3.9% |
| Operating income | -48.9% | 40.8% | -3.5% |
| Net income | -41.2% | — | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.2% | 23.3% | 21.7% | 22.9% |
| Operating margin | 2.3% | 6.4% | 5.7% | 5.2% |
| Net margin | 2.3% | 4.7% | 4.1% | 3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.8 | 46.9 | 17.0 | 5.4 | 14.9 | -7455.6 | 49.1 | 43.2 | 106.3 | 55.0 |
| Price to sales | 0.6 | 0.8 | 0.6 | 0.4 | 0.6 | 0.9 | 1.0 | 1.4 | 1.1 | 1.4 |
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 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 16.00 | 5.00 | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
- 2-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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