M 
427
+3.89%
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
¥4.49bn
FY2017FY2026
Net income
¥48.2m
FY2017FY2026
Free cash flow
¥330.1m
FY2017FY2026
Shareholders' equity
¥2.01bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.49bn | ¥4.08bn | ¥4.18bn | ¥4.29bn | ¥4.16bn | ¥4.00bn | ¥3.91bn | ¥2.91bn | ¥2.01bn | ¥1.91bn |
| Gross profit | ¥2.74bn | ¥2.70bn | ¥2.82bn | ¥2.79bn | ¥2.62bn | ¥2.62bn | ¥2.54bn | ¥1.78bn | ¥1.09bn | ¥1.05bn |
| Research and development | ¥109.3m | ¥248.4m | ¥123.8m | ¥264.7m | ¥241.9m | ¥278.2m | ¥156.1m | — | — | — |
| Operating income | ¥206.9m | ¥116.3m | ¥746.3m | ¥515.4m | ¥91.9m | ¥75.8m | ¥298.2m | ¥338.0m | −¥12.7m | ¥551.0m |
| Net income | ¥48.2m | ¥299.1m | ¥534.1m | ¥29.6m | −¥1.24bn | −¥68.7m | ¥195.1m | ¥255.9m | −¥1.21bn | ¥169.7m |
| Diluted earnings per share | 4.43 | 27.47 | 49.05 | 2.72 | -114.06 | -6.45 | 18.31 | 24.12 | -115.01 | 17.75 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.68bn | ¥4.92bn | ¥4.46bn | ¥4.22bn | ¥4.91bn | ¥5.82bn | ¥3.61bn | ¥2.64bn | ¥2.09bn | ¥2.85bn |
| Cash and short-term investments | ¥2.90bn | ¥2.90bn | ¥3.08bn | ¥2.52bn | ¥2.40bn | ¥2.29bn | ¥1.00bn | ¥863.7m | ¥981.9m | ¥1.01bn |
| Total liabilities | ¥2.67bn | ¥2.97bn | ¥2.78bn | ¥3.09bn | ¥3.81bn | ¥3.37bn | ¥2.24bn | ¥1.45bn | ¥1.19bn | ¥670.7m |
| Debt | ¥1.51bn | ¥1.68bn | ¥1.46bn | ¥1.74bn | ¥1.96bn | ¥1.89bn | ¥949.7m | ¥523.8m | ¥800.5m | ¥327.0m |
| Shareholders' equity | ¥2.01bn | ¥1.96bn | ¥1.68bn | ¥1.13bn | ¥1.10bn | ¥2.41bn | ¥1.37bn | ¥1.19bn | ¥894.9m | ¥2.18bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 10m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥332.6m | ¥61.5m | ¥930.9m | ¥507.3m | ¥523.4m | ¥903.4m | ¥790.0m | ¥822.0m | ¥81.0m | ¥214.0m |
| Capital spending | −¥2.5m | −¥210.5m | −¥72.3m | −¥145.7m | −¥400.1m | −¥672.2m | −¥502.0m | −¥163.0m | −¥129.0m | −¥55.0m |
| Free cash flow | ¥330.1m | −¥149.0m | ¥858.6m | ¥361.6m | ¥123.3m | ¥231.3m | ¥288.0m | ¥659.0m | −¥48.0m | ¥159.0m |
| Dividends paid | — | — | — | — | −¥63.9m | −¥63.0m | −¥63.0m | −¥63.0m | −¥44.0m | −¥38.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥887.6m | ¥995.8m | ¥1.12bn | ¥1.16bn | ¥1.08bn | ¥1.13bn | ¥973.7m | ¥986.4m |
| Gross profit | ¥480.5m | ¥553.0m | ¥681.5m | ¥737.2m | ¥663.4m | ¥657.3m | ¥560.7m | ¥672.9m |
| Operating income | −¥75.0m | −¥39.5m | ¥94.8m | ¥140.7m | ¥32.7m | −¥61.7m | −¥185.4m | ¥16.3m |
| Net income | −¥77.7m | −¥38.5m | ¥55.7m | ¥61.5m | −¥8.3m | −¥60.7m | −¥14.4m | ¥225.8m |
| Diluted earnings per share | -7.14 | -3.53 | 5.11 | 5.65 | -0.76 | -5.58 | -1.32 | 20.73 |
| Total assets | ¥4.77bn | ¥4.64bn | ¥4.68bn | ¥5.15bn | ¥4.58bn | ¥4.85bn | ¥4.92bn | ¥4.93bn |
| Cash and short-term investments | ¥3.09bn | ¥2.92bn | ¥2.90bn | ¥3.29bn | ¥2.76bn | ¥2.95bn | ¥2.90bn | ¥3.39bn |
| Debt | ¥550.2m | ¥451.9m | ¥1.51bn | ¥795.2m | ¥663.7m | ¥741.6m | ¥841.7m | ¥741.6m |
| Shareholders' equity | ¥1.89bn | ¥1.97bn | ¥2.01bn | ¥1.95bn | ¥1.89bn | ¥1.90bn | ¥1.96bn | ¥2.08bn |
Financial ratios
Data as of 14 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 61.1% | 66.2% | 67.5% | 64.9% | 63.1% | 65.5% |
| Operating margin | 4.6% | 10.9% | 19.5% | 5.2% | -30.2% | -0.6% |
| Net margin | 1.1% | 7.3% | 12.8% | 0.7% | -29.8% | -1.7% |
| Return on equity | 2.4% | 15.3% | 31.8% | 2.6% | -112.8% | -2.9% |
| Return on assets | 1.0% | 6.1% | 12.0% | 0.7% | -25.2% | -1.2% |
| Free cash flow yield | 6.4% | 5.2% | 19.2% | 12.5% | 17.7% | 30.8% |
| Revenue growth | 9.9% | -2.2% | -2.7% | 3.2% | 3.9% | 2.4% |
| Earnings growth | -83.9% | -44.0% | 1702.6% | -102.4% | 1703.4% | -135.2% |
| Current ratio | 2.13x | 1.72x | 1.76x | 1.49x | 1.21x | 1.38x |
| Debt to equity | 0.75x | 0.86x | 0.86x | 1.50x | 1.72x | 0.75x |
| Equity ratio | 42.9% | 39.7% | 37.7% | 26.9% | 22.4% | 41.3% |
| Interest coverage | 7.81x | 27.44x | 61.32x | 11.35x | -90.95x | -4.03x |
| R&D as a share of sales | 2.4% | 6.1% | 3.0% | 6.2% | 5.8% | 6.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.1% | -0.1% | -1.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | 2.3% | 10.4% |
| Operating income | -26.2% | 22.2% | -0.5% |
| Net income | 17.6% | — | -10.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.5% | 64.8% | 64.6% | 62.9% |
| Operating margin | 3.8% | 9.3% | 7.0% | 8.4% |
| Net margin | 4.1% | 5.3% | -1.6% | -2.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 101.9 | 15.6 | 14.2 | 428.3 | -10.6 | -231.8 | 106.5 | 163.5 | -14.9 | 77.2 |
| Price to sales | 1.1 | 1.1 | 1.8 | 3.0 | 3.2 | 4.0 | 5.3 | 14.4 | 9.1 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Feb 2021.
| FY2022 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 6.00 | 4.50 | 4.25 |
- 2-for-1 split · 29 Aug 2016
- 2-for-1 split · 28 Dec 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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