O 
3,860
+3.49%
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
¥42.51bn
FY2017FY2026
Net income
¥1.23bn
FY2017FY2026
Free cash flow
−¥691.0m
FY2017FY2026
Shareholders' equity
¥42.65bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥42.51bn | ¥43.73bn | ¥50.20bn | ¥45.52bn | ¥37.55bn | ¥30.37bn | ¥34.30bn | ¥36.07bn | ¥28.83bn | ¥23.75bn |
| Gross profit | ¥11.07bn | ¥12.53bn | ¥15.53bn | ¥14.37bn | ¥11.93bn | ¥8.49bn | ¥10.33bn | ¥11.86bn | ¥8.87bn | ¥7.08bn |
| Research and development | ¥144.0m | ¥132.0m | ¥283.0m | ¥165.0m | ¥95.0m | ¥115.0m | ¥153.0m | ¥130.0m | ¥95.0m | ¥106.0m |
| Operating income | ¥1.52bn | ¥3.02bn | ¥6.15bn | ¥5.60bn | ¥4.17bn | ¥1.91bn | ¥2.59bn | ¥3.93bn | ¥2.02bn | ¥1.12bn |
| Net income | ¥1.23bn | ¥2.02bn | ¥4.56bn | ¥4.03bn | ¥2.89bn | ¥1.46bn | ¥1.58bn | ¥3.22bn | ¥1.98bn | ¥577.0m |
| Diluted earnings per share | 186.69 | 306.18 | 694.97 | 857.73 | 619.11 | 335.74 | 395.40 | 805.60 | 470.69 | 130.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥67.20bn | ¥66.80bn | ¥60.16bn | ¥55.10bn | ¥47.51bn | ¥35.05bn | ¥34.16bn | ¥36.63bn | ¥31.35bn | ¥28.27bn |
| Cash and short-term investments | ¥14.83bn | ¥16.40bn | ¥11.89bn | ¥12.65bn | ¥12.33bn | ¥4.92bn | ¥3.40bn | ¥4.36bn | ¥3.51bn | ¥3.70bn |
| Total liabilities | ¥24.54bn | ¥26.24bn | ¥30.18bn | ¥30.24bn | ¥27.18bn | ¥19.97bn | ¥21.05bn | ¥24.07bn | ¥20.02bn | ¥18.80bn |
| Debt | ¥12.01bn | ¥11.82bn | ¥9.36bn | ¥6.38bn | ¥5.49bn | ¥10.26bn | ¥13.27bn | ¥12.11bn | ¥12.06bn | ¥13.93bn |
| Shareholders' equity | ¥42.65bn | ¥40.56bn | ¥29.98bn | ¥24.86bn | ¥20.33bn | ¥15.08bn | ¥13.11bn | ¥12.56bn | ¥11.33bn | ¥9.47bn |
| Shares outstanding | 7m | 7m | 7m | 5m | 5m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.65bn | −¥2.11bn | ¥929.0m | ¥2.68bn | ¥11.67bn | ¥5.92bn | ¥23.0m | ¥4.36bn | ¥3.20bn | ¥1.18bn |
| Capital spending | −¥4.34bn | −¥3.81bn | −¥3.02bn | −¥3.17bn | −¥1.17bn | −¥848.0m | −¥1.18bn | −¥1.03bn | −¥1.01bn | −¥975.0m |
| Free cash flow | −¥691.0m | −¥5.92bn | −¥2.09bn | −¥486.0m | ¥10.50bn | ¥5.07bn | −¥1.16bn | ¥3.33bn | ¥2.19bn | ¥206.0m |
| Dividends paid | −¥1.07bn | −¥1.00bn | −¥932.0m | −¥727.0m | −¥437.0m | −¥316.0m | −¥436.0m | −¥384.0m | −¥262.0m | −¥132.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.24bn | ¥13.14bn | ¥9.26bn | ¥11.32bn | ¥8.79bn | ¥13.64bn | ¥10.05bn | ¥12.32bn |
| Gross profit | ¥1.95bn | ¥3.34bn | ¥2.35bn | ¥3.18bn | ¥2.57bn | ¥4.09bn | ¥3.01bn | ¥3.77bn |
| Operating income | −¥365.0m | ¥783.0m | −¥150.0m | ¥732.0m | ¥154.0m | ¥1.53bn | ¥598.0m | ¥1.24bn |
| Net income | −¥287.0m | ¥914.0m | −¥138.0m | ¥442.0m | ¥16.0m | ¥1.30bn | ¥409.0m | ¥704.0m |
| Diluted earnings per share | -43.42 | 138.28 | -20.88 | 66.86 | 2.42 | 197.11 | 62.39 | 107.39 |
| Total assets | ¥64.22bn | ¥67.20bn | ¥64.15bn | ¥63.23bn | ¥62.96bn | ¥66.80bn | ¥67.64bn | ¥67.83bn |
| Cash and short-term investments | ¥12.50bn | ¥14.83bn | ¥11.18bn | ¥12.29bn | ¥12.08bn | ¥16.40bn | ¥14.21bn | ¥17.07bn |
| Debt | ¥4.52bn | ¥11.55bn | ¥4.54bn | ¥8.07bn | ¥4.38bn | ¥11.32bn | ¥4.46bn | ¥9.01bn |
| Shareholders' equity | ¥42.08bn | ¥42.65bn | ¥41.25bn | ¥40.94bn | ¥40.03bn | ¥40.56bn | ¥40.11bn | ¥39.61bn |
Financial ratios
Data as of 22 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.1% | 28.7% | 30.9% | 31.6% | 31.8% | 28.0% |
| Operating margin | 4.1% | 6.9% | 12.3% | 12.3% | 11.1% | 6.3% |
| Net margin | 2.9% | 4.6% | 9.1% | 8.9% | 7.7% | 4.8% |
| Return on equity | 2.9% | 5.0% | 15.2% | 16.2% | 14.2% | 9.7% |
| Return on assets | 1.8% | 3.0% | 7.6% | 7.3% | 6.1% | 4.2% |
| Free cash flow yield | 26.0% | 5.5% | 13.0% | 26.8% | 59.2% | 33.6% |
| Revenue growth | -2.8% | -12.9% | 10.3% | 21.2% | 23.6% | -11.5% |
| Earnings growth | -39.0% | -55.6% | 13.1% | 39.3% | 98.4% | -7.8% |
| Current ratio | 2.28x | 2.38x | 1.77x | 1.43x | 1.44x | 1.39x |
| Debt to equity | 0.27x | 0.28x | 0.29x | 0.23x | 0.23x | 0.62x |
| Equity ratio | 63.5% | 60.7% | 49.8% | 45.1% | 42.8% | 43.0% |
| Interest coverage | 12.72x | 21.39x | 52.59x | 60.85x | 44.31x | 13.23x |
| R&D as a share of sales | 0.3% | 0.3% | 0.6% | 0.4% | 0.3% | 0.4% |
| Buybacks as a share of market value | 0.0% | -0.8% | -39.6% | -0.6% | -7.6% | -8.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.3% | 7.0% | 5.2% |
| Operating income | -35.3% | -4.4% | 2.2% |
| Net income | -32.6% | -3.3% | 8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 29.4% | 29.6% | 30.0% |
| Operating margin | 5.3% | 8.9% | 8.9% | 8.3% |
| Net margin | 3.8% | 6.5% | 6.5% | 6.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.0 | 14.7 | 5.7 | 6.6 | 7.0 | 14.6 | 5.9 | 3.8 | 4.7 | 30.9 |
| Price to sales | 0.6 | 0.7 | 0.5 | 0.6 | 0.5 | 0.7 | 0.3 | 0.3 | 0.3 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 240.00 | 180.00 | 200.00 | 160.00 | 110.00 | 80.00 | 110.00 | 90.00 |
- 10-to-1 reverse split · 27 Sept 2017
- 5-for-4 split · 27 Mar 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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