T 
548
+0.92%
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
¥12.72bn
FY2017FY2026
Net income
−¥107.0m
FY2017FY2026
Free cash flow
¥451.0m
FY2017FY2026
Shareholders' equity
¥16.31bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.72bn | ¥13.89bn | ¥14.18bn | ¥16.68bn | ¥16.72bn | ¥13.43bn | ¥21.95bn | ¥22.65bn | ¥19.78bn | ¥16.98bn |
| Gross profit | ¥3.30bn | ¥3.15bn | ¥3.08bn | ¥4.04bn | ¥4.22bn | ¥2.80bn | ¥5.39bn | ¥5.87bn | ¥4.95bn | ¥4.10bn |
| Research and development | — | ¥149.0m | ¥149.0m | ¥160.0m | ¥149.0m | ¥139.0m | ¥155.0m | ¥151.0m | ¥168.0m | ¥167.0m |
| Operating income | −¥65.0m | −¥159.0m | −¥387.0m | ¥518.0m | ¥1.09bn | ¥7.0m | ¥1.86bn | ¥2.33bn | ¥1.60bn | ¥940.0m |
| Net income | −¥107.0m | −¥644.0m | −¥565.0m | ¥489.0m | ¥795.0m | −¥115.0m | ¥1.42bn | ¥1.71bn | ¥1.12bn | ¥730.0m |
| Diluted earnings per share | -9.92 | -59.68 | -52.46 | 45.18 | 73.39 | -10.57 | 129.75 | 156.77 | 102.47 | 66.66 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥20.83bn | ¥21.90bn | ¥22.64bn | ¥24.33bn | ¥25.66bn | ¥21.84bn | ¥24.25bn | ¥23.74bn | ¥21.92bn | ¥19.96bn |
| Cash and short-term investments | ¥5.56bn | ¥5.36bn | ¥3.33bn | ¥4.11bn | ¥6.06bn | ¥6.76bn | ¥5.59bn | ¥4.02bn | ¥3.58bn | ¥2.96bn |
| Total liabilities | ¥4.51bn | ¥5.62bn | ¥6.01bn | ¥7.43bn | ¥9.35bn | ¥6.33bn | ¥8.53bn | ¥9.21bn | ¥8.65bn | ¥7.60bn |
| Debt | ¥1.26bn | ¥1.72bn | ¥1.02bn | ¥985.0m | ¥1.06bn | ¥1.10bn | ¥1.23bn | ¥1.40bn | ¥1.02bn | ¥1.22bn |
| Shareholders' equity | ¥16.31bn | ¥16.28bn | ¥16.61bn | ¥16.89bn | ¥16.30bn | ¥15.50bn | ¥15.72bn | ¥14.52bn | ¥13.26bn | ¥12.34bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥554.0m | ¥1.45bn | −¥233.0m | ¥96.0m | ¥825.0m | ¥1.68bn | ¥2.20bn | ¥1.00bn | ¥1.36bn | ¥469.0m |
| Capital spending | −¥103.0m | −¥230.0m | −¥308.0m | −¥2.19bn | −¥1.37bn | −¥125.0m | −¥276.0m | −¥529.0m | −¥114.0m | −¥662.0m |
| Free cash flow | ¥451.0m | ¥1.22bn | −¥541.0m | −¥2.09bn | −¥544.0m | ¥1.56bn | ¥1.92bn | ¥473.0m | ¥1.25bn | −¥193.0m |
| Dividends paid | −¥107.0m | −¥107.0m | −¥151.0m | −¥140.0m | −¥109.0m | −¥218.0m | −¥258.0m | −¥227.0m | −¥218.0m | −¥208.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.41bn | ¥3.72bn | ¥2.91bn | ¥2.64bn | ¥3.46bn | ¥3.92bn | ¥3.52bn | ¥2.86bn |
| Gross profit | ¥889.0m | ¥1.01bn | ¥792.0m | ¥667.0m | ¥825.0m | ¥964.0m | ¥881.0m | ¥729.0m |
| Operating income | ¥45.0m | ¥169.0m | −¥45.0m | −¥127.0m | −¥62.0m | ¥138.0m | ¥7.0m | −¥112.0m |
| Net income | ¥45.0m | ¥163.0m | ¥1.0m | −¥136.0m | −¥135.0m | ¥122.0m | ¥18.0m | −¥624.0m |
| Diluted earnings per share | 4.17 | 15.10 | 0.09 | -12.60 | -12.51 | 11.31 | 1.67 | -57.94 |
| Total assets | ¥20.99bn | ¥20.83bn | ¥20.59bn | ¥20.58bn | ¥21.02bn | ¥21.90bn | ¥20.75bn | ¥21.67bn |
| Cash and short-term investments | ¥5.57bn | ¥5.56bn | ¥5.58bn | ¥6.46bn | ¥5.61bn | ¥5.36bn | ¥3.87bn | ¥4.24bn |
| Debt | ¥690.0m | ¥1.23bn | ¥690.0m | ¥1.33bn | ¥890.0m | ¥1.68bn | ¥890.0m | ¥1.78bn |
| Shareholders' equity | ¥16.30bn | ¥16.31bn | ¥15.81bn | ¥15.74bn | ¥15.87bn | ¥16.28bn | ¥15.81bn | ¥16.00bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 25.9% | 22.7% | 21.7% | 24.2% | 25.2% | 20.9% | — |
| Operating margin | -0.2% | -0.6% | -4.5% | 3.9% | 6.9% | 0.1% | — |
| Net margin | -0.8% | -4.6% | -4.0% | 2.9% | 4.8% | -0.9% | — |
| Return on equity | -0.7% | -4.0% | -3.4% | 2.9% | 4.9% | -0.7% | — |
| Return on assets | -0.5% | -2.9% | -2.5% | 2.0% | 3.1% | -0.5% | — |
| Free cash flow yield | 11.2% | 28.6% | 1.3% | 38.9% | 37.3% | 30.6% | — |
| Revenue growth | -8.4% | -2.1% | -14.9% | -0.3% | 24.5% | -38.8% | — |
| Earnings growth | -83.4% | 14.0% | -215.5% | -38.5% | -791.3% | -108.1% | — |
| Current ratio | 4.34x | 3.54x | 2.73x | 2.45x | 2.00x | 3.05x | — |
| Debt to equity | 0.08x | 0.10x | 0.06x | 0.06x | 0.06x | 0.07x | — |
| Equity ratio | 78.3% | 74.3% | 73.4% | 69.4% | 63.5% | 71.0% | — |
| Interest coverage | -2.08x | -7.08x | -640.00x | 217.00x | 577.50x | 2.33x | — |
| R&D as a share of sales | — | 1.1% | 1.1% | 1.0% | 0.9% | 1.0% | 0.7% |
| Buybacks as a share of market value | 0.0% | -0.2% | 0.5% | 0.1% | 0.4% | 0.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | -1.1% | -3.8% |
| Net income | — | -1.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.2% | 23.6% | 23.5% | 24.4% |
| Operating margin | -0.8% | -0.2% | 1.2% | 5.0% |
| Net margin | -2.8% | -1.4% | -0.2% | 3.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -54.3 | -8.0 | -8.6 | 11.1 | 7.2 | -68.0 | 5.0 | 5.7 | 7.8 | 18.1 |
| Price to sales | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.6 | 0.3 | 0.4 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 10.00 | 14.00 | 13.00 | 10.00 | 20.00 | 24.00 | 21.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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