N 
440
+4.76%
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
¥2.77bn
FY2017FY2026
Net income
¥276.3m
FY2017FY2026
Free cash flow
¥379.2m
FY2017FY2026
Shareholders' equity
¥1.10bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.77bn | ¥2.64bn | ¥2.41bn | ¥3.32bn | ¥4.04bn | ¥3.81bn | ¥2.80bn | ¥4.81bn | ¥12.14bn | ¥4.99bn |
| Research and development | — | ¥82.7m | ¥210.0m | ¥257.0m | ¥215.0m | ¥231.0m | ¥147.0m | ¥425.0m | ¥465.0m | ¥349.0m |
| Operating income | −¥173.1m | ¥7.8m | ¥573.8m | ¥33.2m | ¥311.6m | ¥107.2m | −¥578.0m | −¥9.35bn | ¥1.57bn | −¥1.84bn |
| Net income | ¥276.3m | −¥32.8m | ¥144.2m | −¥124.5m | −¥257.1m | ¥7.5m | −¥600.0m | −¥9.72bn | ¥1.38bn | −¥2.08bn |
| Diluted earnings per share | 25.07 | -2.98 | 13.08 | -11.29 | -23.33 | 0.68 | -59.87 | -1,087.08 | 275.14 | -431.69 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.71bn | ¥5.37bn | ¥6.03bn | ¥4.70bn | ¥5.90bn | ¥6.05bn | ¥6.48bn | ¥7.93bn | ¥17.46bn | ¥12.20bn |
| Cash and short-term investments | ¥1.08bn | ¥1.31bn | ¥1.50bn | ¥2.00bn | ¥2.93bn | ¥3.03bn | ¥4.24bn | ¥2.82bn | ¥4.46bn | ¥1.65bn |
| Total liabilities | ¥612.9m | ¥4.55bn | ¥5.17bn | ¥3.99bn | ¥5.06bn | ¥5.53bn | ¥5.96bn | ¥9.26bn | ¥9.58bn | ¥7.18bn |
| Debt | ¥47.0m | ¥2.92bn | ¥3.18bn | ¥2.50bn | ¥2.78bn | ¥3.13bn | ¥4.59bn | ¥7.71bn | ¥6.90bn | ¥5.50bn |
| Shareholders' equity | ¥1.10bn | ¥819.8m | ¥854.9m | ¥715.0m | ¥840.0m | ¥515.3m | ¥523.2m | −¥1.33bn | ¥7.88bn | ¥5.01bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 10m | 9m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥394.0m | ¥123.4m | ¥642.8m | −¥82.0m | ¥175.2m | ¥530.8m | ¥228.0m | −¥2.21bn | ¥2.60bn | −¥1.98bn |
| Capital spending | −¥14.8m | −¥43.5m | −¥1.77bn | −¥479.7m | −¥520.5m | −¥282.5m | −¥93.0m | −¥787.1m | −¥1.79bn | −¥2.55bn |
| Free cash flow | ¥379.2m | ¥79.9m | −¥1.13bn | −¥561.7m | −¥345.3m | ¥248.3m | ¥135.0m | −¥2.99bn | ¥804.7m | −¥4.53bn |
| Dividends paid | — | — | — | — | — | — | — | — | −¥2,000 | −¥41.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥290.9m | ¥594.4m | ¥759.5m | ¥667.8m | ¥746.4m | ¥524.3m | ¥590.0m | ¥646.0m |
| Operating income | −¥90.4m | −¥117.5m | ¥918,000 | −¥36.1m | −¥11.1m | ¥6.7m | ¥11.7m | −¥12.6m |
| Net income | −¥119.9m | ¥93.4m | −¥6.3m | −¥44.8m | ¥234.0m | −¥19.3m | ¥12.0m | −¥28.0m |
| Diluted earnings per share | -10.88 | 8.48 | -0.57 | -4.07 | 21.23 | -1.75 | 1.09 | -2.54 |
| Total assets | ¥1.43bn | ¥1.71bn | ¥5.08bn | ¥5.10bn | ¥5.30bn | ¥5.37bn | ¥5.52bn | ¥5.72bn |
| Cash and short-term investments | ¥799.9m | ¥1.08bn | ¥1.37bn | ¥1.34bn | ¥1.37bn | ¥1.31bn | ¥1.45bn | ¥1.67bn |
| Debt | ¥10.7m | ¥10.7m | ¥2.44bn | ¥2.74bn | ¥2.53bn | ¥2.85bn | ¥2.29bn | ¥2.97bn |
| Shareholders' equity | ¥924.8m | ¥1.10bn | ¥1.00bn | ¥1.01bn | ¥1.05bn | ¥819.8m | ¥841.5m | ¥827.8m |
Financial ratios
Data as of 6 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.3% | 0.8% | 23.8% | -2.1% | -3.7% | 2.8% | — |
| Net margin | 10.0% | -1.2% | 6.0% | -3.7% | -6.4% | 0.2% | — |
| Return on equity | 25.2% | -4.0% | 16.9% | -17.4% | -30.6% | 1.5% | — |
| Return on assets | 16.1% | -0.6% | 2.4% | -2.6% | -4.4% | 0.1% | — |
| Free cash flow yield | 6.1% | 2.5% | 36.2% | 6.0% | 10.4% | 12.2% | — |
| Revenue growth | 4.8% | 9.4% | -27.4% | -17.7% | 6.1% | 36.1% | — |
| Earnings growth | -942.6% | -122.7% | -215.8% | -51.6% | -3520.5% | -101.3% | — |
| Current ratio | 5.53x | 0.75x | 0.87x | 1.00x | 2.27x | 1.51x | — |
| Debt to equity | 0.01x | 3.48x | 3.61x | 3.44x | 3.27x | 5.99x | — |
| Equity ratio | 64.2% | 15.3% | 14.2% | 15.2% | 14.2% | 8.5% | — |
| Interest coverage | -3.64x | 0.42x | 14.36x | -4.07x | -8.14x | 5.37x | — |
| R&D as a share of sales | — | 3.1% | 8.7% | 7.7% | 5.3% | 6.1% | 5.3% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -10.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | -6.2% | -8.6% |
| Net income | — | 105.6% | -13.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.1% | 4.0% | 4.5% | -15.6% |
| Net margin | 4.5% | 2.4% | 0.1% | -19.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.5 | -90.1 | 26.8 | -36.7 | -20.6 | — | -12.9 | -1.0 | 3.0 | -14.6 |
| Price to sales | 1.8 | 1.1 | 1.6 | 1.4 | 1.3 | 1.6 | 2.8 | 2.1 | 0.3 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Mar 2016.
| FY2017 | |
|---|---|
| Paid in the year | 5.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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