A 
850
+1.67%
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
¥7.63bn
FY2016FY2025
Net income
¥1.17bn
FY2016FY2025
Free cash flow
¥1.76bn
FY2016FY2025
Shareholders' equity
¥5.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.63bn | ¥8.60bn | ¥7.76bn | ¥6.59bn | ¥4.46bn | ¥3.43bn | ¥3.23bn | ¥2.31bn | ¥1.83bn | ¥1.31bn |
| Gross profit | ¥7.38bn | ¥7.54bn | ¥6.94bn | ¥5.98bn | ¥4.39bn | ¥3.38bn | ¥3.17bn | ¥2.27bn | ¥1.80bn | ¥1.29bn |
| Operating income | ¥1.85bn | ¥1.53bn | ¥952.6m | ¥1.06bn | ¥1.01bn | ¥732.3m | ¥710.7m | ¥691.3m | ¥560.2m | ¥390.0m |
| Net income | ¥1.17bn | ¥733.5m | ¥334.6m | ¥650.0m | ¥645.7m | ¥433.7m | ¥502.7m | ¥464.2m | ¥395.4m | ¥252.9m |
| Diluted earnings per share | 51.33 | 30.50 | 12.98 | 24.11 | 23.94 | 16.17 | 18.74 | 17.33 | 15.39 | 9.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.22bn | ¥7.22bn | ¥7.15bn | ¥7.40bn | ¥6.40bn | ¥4.90bn | ¥4.58bn | ¥3.75bn | ¥1.89bn | ¥1.41bn |
| Cash and short-term investments | ¥4.16bn | ¥4.36bn | ¥4.73bn | ¥4.95bn | ¥4.83bn | ¥3.87bn | ¥4.02bn | ¥3.38bn | ¥1.62bn | ¥1.26bn |
| Total liabilities | ¥2.02bn | ¥1.91bn | ¥1.60bn | ¥1.47bn | ¥1.29bn | ¥506.5m | ¥676.7m | ¥395.6m | ¥307.0m | ¥255.7m |
| Debt | ¥500.0m | ¥500.0m | ¥15.6m | ¥18.9m | ¥17.6m | — | — | — | — | — |
| Shareholders' equity | ¥5.20bn | ¥5.31bn | ¥5.55bn | ¥5.93bn | ¥5.11bn | ¥4.39bn | ¥3.91bn | ¥3.36bn | ¥1.58bn | ¥1.15bn |
| Shares outstanding | 23m | 24m | 26m | 27m | 27m | 27m | 27m | 27m | 26m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.87bn | ¥1.28bn | ¥944.2m | ¥704.7m | ¥1.09bn | ¥401.1m | ¥665.4m | ¥507.0m | ¥450.8m | ¥348.1m |
| Capital spending | −¥110.7m | −¥9.5m | −¥9.9m | −¥24.6m | −¥19.3m | −¥239.0m | −¥18.8m | −¥25.1m | −¥98.5m | −¥79.0m |
| Free cash flow | ¥1.76bn | ¥1.27bn | ¥934.3m | ¥680.1m | ¥1.07bn | ¥162.1m | ¥646.6m | ¥481.8m | ¥352.3m | ¥269.1m |
| Dividends paid | −¥504.5m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.19bn | ¥2.06bn | ¥1.76bn | ¥1.99bn | ¥2.08bn | ¥1.82bn | ¥1.74bn | ¥2.26bn |
| Gross profit | ¥2.12bn | ¥1.90bn | ¥1.74bn | ¥1.88bn | ¥1.97bn | ¥1.80bn | ¥1.72bn | ¥2.03bn |
| Operating income | ¥532.3m | ¥397.7m | ¥171.5m | ¥513.4m | ¥654.0m | ¥319.0m | ¥367.0m | ¥511.0m |
| Net income | ¥361.9m | ¥307.9m | ¥111.3m | ¥290.6m | ¥430.4m | ¥205.5m | ¥245.2m | ¥151.0m |
| Diluted earnings per share | 16.22 | 13.80 | 4.88 | 12.73 | 18.85 | 9.00 | 10.19 | 6.28 |
| Cash from operations | — | ¥236.0m | ¥236.0m | — | — | — | — | — |
| Capital spending | — | −¥2.0m | −¥2.0m | — | — | — | — | — |
| Free cash flow | — | ¥234.0m | ¥234.0m | — | — | — | — | — |
| Total assets | ¥7.17bn | ¥6.87bn | ¥6.82bn | ¥7.22bn | ¥7.47bn | ¥6.82bn | ¥6.80bn | ¥7.22bn |
| Cash and short-term investments | ¥3.81bn | ¥3.52bn | ¥3.44bn | ¥4.16bn | ¥4.30bn | ¥3.56bn | ¥3.71bn | ¥4.36bn |
| Debt | ¥600.1m | ¥766.6m | ¥600.1m | ¥500.0m | ¥500.0m | ¥500.0m | ¥500.0m | ¥500.0m |
| Shareholders' equity | ¥4.96bn | ¥4.58bn | ¥4.67bn | ¥5.20bn | ¥5.51bn | ¥5.05bn | ¥5.12bn | ¥5.31bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 96.7% | 87.7% | 89.5% | 90.7% | 98.2% | 98.5% |
| Operating margin | 24.3% | 17.8% | 12.3% | 16.1% | 22.6% | 21.3% |
| Net margin | 15.3% | 8.5% | 4.3% | 9.9% | 14.5% | 12.6% |
| Return on equity | 22.5% | 13.8% | 6.0% | 11.0% | 12.6% | 9.9% |
| Return on assets | 16.2% | 10.2% | 4.7% | 8.8% | 10.1% | 8.9% |
| Free cash flow yield | 9.1% | 5.7% | 3.9% | 2.9% | 4.3% | 2.5% |
| Revenue growth | -11.2% | 10.8% | 17.8% | 47.6% | 30.1% | 6.2% |
| Earnings growth | 59.7% | 119.3% | -48.5% | 0.7% | 48.9% | -13.7% |
| Current ratio | 2.49x | 2.78x | 3.64x | 4.00x | 4.35x | 8.26x |
| Debt to equity | 0.10x | 0.09x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 72.0% | 73.5% | 77.7% | 80.1% | 79.8% | 89.7% |
| Interest coverage | 358.21x | 646.92x | 1716.38x | 1713.32x | 113.33x | 3.30x |
| Buybacks as a share of market value | 5.1% | 6.7% | 4.4% | 0.0% | -0.5% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.0% | 17.3% | 24.7% |
| Operating income | 20.5% | 20.4% | 34.7% |
| Net income | 21.7% | 22.0% | 33.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 91.9% | 91.1% | 92.6% | 93.7% |
| Operating margin | 20.8% | 17.6% | 18.6% | 20.0% |
| Net margin | 11.7% | 9.5% | 10.3% | 11.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.8 | 25.9 | 56.7 | 48.4 | 101.5 | 86.2 | 100.2 | 67.5 | 101.5 | 55.7 |
| Price to sales | 2.1 | 2.2 | 2.4 | 4.8 | 14.7 | 10.9 | 15.6 | 13.6 | 21.9 | 10.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 31.00 | 21.00 |
- 2-for-1 split · 30 Mar 2021
- 3-for-1 split · 28 Mar 2018
- 3-for-1 split · 29 Mar 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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