F 
450
+0.22%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥50.32bn
FY2016FY2025
Net income
¥275.5m
FY2016FY2025
Free cash flow
−¥241.4m
FY2016FY2025
Shareholders' equity
¥10.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥50.32bn | ¥51.71bn | ¥30.60bn | ¥28.97bn | ¥29.50bn | ¥24.88bn | ¥21.71bn | ¥14.75bn | ¥12.02bn | ¥5.79bn |
| Gross profit | ¥13.93bn | ¥14.40bn | ¥9.20bn | ¥7.74bn | ¥6.76bn | ¥5.64bn | ¥5.00bn | ¥3.50bn | ¥3.18bn | ¥2.00bn |
| Operating income | ¥242.8m | ¥99.3m | ¥1.61bn | ¥1.33bn | ¥1.01bn | −¥25.4m | −¥1.27bn | −¥532.7m | ¥601.5m | ¥358.5m |
| Net income | ¥275.5m | −¥3.19bn | ¥7.87bn | ¥1.36bn | ¥580.5m | −¥669.9m | −¥3.51bn | ¥25.6m | ¥842.2m | ¥394.2m |
| Diluted earnings per share | 15.85 | -183.29 | 440.23 | 75.43 | 30.14 | -35.96 | -206.96 | 1.94 | 59.10 | 29.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥40.21bn | ¥41.62bn | ¥44.89bn | ¥24.73bn | ¥20.53bn | ¥24.32bn | ¥24.24bn | ¥15.64bn | ¥9.99bn | ¥5.70bn |
| Cash and short-term investments | ¥17.63bn | ¥20.84bn | ¥20.45bn | ¥7.29bn | ¥6.66bn | ¥10.91bn | ¥5.69bn | ¥3.17bn | ¥3.15bn | ¥3.14bn |
| Total liabilities | ¥28.07bn | ¥24.67bn | ¥24.57bn | ¥14.69bn | ¥12.68bn | ¥17.96bn | ¥18.35bn | ¥11.14bn | ¥5.68bn | ¥2.50bn |
| Debt | ¥17.67bn | ¥15.13bn | ¥11.54bn | ¥8.00bn | ¥7.28bn | ¥13.46bn | ¥10.17bn | ¥8.46bn | ¥3.59bn | ¥1.21bn |
| Shareholders' equity | ¥10.95bn | ¥13.19bn | ¥16.78bn | ¥8.67bn | ¥6.80bn | ¥4.60bn | ¥4.42bn | ¥4.21bn | ¥4.08bn | ¥3.12bn |
| Shares outstanding | 17m | 17m | 18m | 18m | 19m | 19m | 17m | 13m | 14m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥25.4m | −¥2.70bn | ¥2.46bn | ¥877.2m | ¥1.58bn | ¥612.3m | ¥1.76bn | −¥1.92bn | ¥317.9m | ¥253.5m |
| Capital spending | −¥216.0m | −¥124.8m | −¥58.8m | −¥68.2m | −¥124.9m | −¥33.2m | −¥97.5m | −¥69.1m | −¥191.5m | −¥42.1m |
| Free cash flow | −¥241.4m | −¥2.82bn | ¥2.40bn | ¥809.0m | ¥1.45bn | ¥579.1m | ¥1.66bn | −¥1.99bn | ¥126.4m | ¥211.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.41bn | ¥14.28bn | ¥15.09bn | ¥13.42bn | ¥11.55bn | ¥11.61bn | ¥13.75bn | ¥14.18bn |
| Gross profit | ¥3.48bn | ¥4.29bn | ¥4.37bn | ¥3.75bn | ¥3.25bn | ¥3.26bn | ¥3.68bn | ¥3.92bn |
| Operating income | −¥339.8m | ¥530.1m | ¥615.9m | ¥502.0m | −¥125.1m | −¥38.8m | ¥159.4m | ¥57.7m |
| Net income | −¥51.9m | ¥458.7m | ¥939.8m | ¥549.0m | −¥480.5m | −¥230.0m | ¥436.9m | −¥439.0m |
| Diluted earnings per share | -2.99 | 26.40 | 54.08 | 31.60 | -27.65 | -13.24 | 25.10 | -25.22 |
| Cash from operations | — | — | — | −¥36.0m | — | — | — | — |
| Capital spending | — | — | — | −¥216.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥252.0m | — | — | — | — |
| Total assets | ¥38.85bn | ¥40.79bn | ¥42.27bn | ¥40.21bn | ¥39.30bn | ¥41.34bn | ¥42.83bn | ¥41.62bn |
| Cash and short-term investments | ¥13.26bn | ¥16.41bn | ¥16.50bn | ¥17.63bn | ¥18.00bn | ¥20.21bn | ¥20.07bn | ¥20.84bn |
| Debt | ¥7.95bn | ¥16.04bn | ¥9.02bn | ¥17.62bn | ¥9.10bn | ¥18.81bn | ¥8.34bn | ¥8.62bn |
| Shareholders' equity | ¥12.36bn | ¥12.43bn | ¥11.92bn | ¥10.95bn | ¥10.40bn | ¥10.86bn | ¥13.57bn | ¥13.19bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.7% | 27.8% | 30.0% | 26.7% | 22.9% | 22.7% |
| Operating margin | 0.5% | 0.2% | 5.3% | 4.6% | 3.4% | -0.1% |
| Net margin | 0.5% | -6.2% | 25.7% | 4.7% | 2.0% | -2.7% |
| Return on equity | 2.5% | -24.2% | 46.9% | 15.7% | 8.5% | -14.6% |
| Return on assets | 0.7% | -7.7% | 17.5% | 5.5% | 2.8% | -2.8% |
| Free cash flow yield | 2.2% | -29.6% | 28.2% | 10.5% | 17.7% | 6.9% |
| Revenue growth | -2.7% | 69.0% | 5.7% | -1.8% | 18.6% | 14.6% |
| Earnings growth | -108.6% | -140.5% | 476.7% | 135.1% | -186.6% | -80.9% |
| Current ratio | 1.57x | 1.84x | 1.55x | 1.43x | 1.48x | 1.34x |
| Debt to equity | 1.61x | 1.15x | 0.69x | 0.92x | 1.07x | 2.92x |
| Equity ratio | 27.2% | 31.7% | 37.4% | 35.1% | 33.1% | 18.9% |
| Interest coverage | 1.32x | 0.61x | 12.45x | 7.94x | 9.57x | -0.14x |
| Buybacks as a share of market value | 0.2% | 2.6% | 1.2% | 6.1% | -3.4% | -9.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.2% | 15.1% | 28.1% |
| Operating income | -43.3% | — | 11.6% |
| Net income | -41.3% | — | 15.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.8% | 28.0% | 26.7% | 26.5% |
| Operating margin | 0.3% | 2.0% | 2.0% | 1.3% |
| Net margin | -2.9% | 3.9% | 2.9% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.7 | -3.4 | 2.0 | 21.0 | 56.2 | -24.1 | -7.2 | — | 45.2 | 114.1 |
| Price to sales | 0.2 | 0.2 | 0.5 | 1.0 | 1.1 | 0.7 | 1.2 | 2.0 | 3.2 | 7.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 29 Aug 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.