T 
542
+1.69%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥35.45bn
FY2016FY2025
Net income
−¥261.0m
FY2016FY2025
Free cash flow
¥616.0m
FY2016FY2025
Shareholders' equity
¥2.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥35.45bn | ¥36.45bn | ¥39.28bn | ¥31.19bn | ¥27.80bn | ¥20.85bn | ¥37.70bn | ¥42.20bn | ¥39.69bn | ¥38.87bn |
| Gross profit | ¥5.79bn | ¥5.93bn | ¥4.93bn | ¥3.25bn | ¥1.92bn | ¥170.0m | ¥5.19bn | ¥6.60bn | ¥6.03bn | ¥5.90bn |
| Research and development | — | — | ¥1.29bn | ¥1.40bn | ¥1.59bn | ¥1.65bn | ¥1.81bn | ¥1.82bn | ¥1.61bn | ¥1.52bn |
| Operating income | −¥80.0m | ¥398.0m | −¥1.22bn | −¥2.50bn | −¥3.72bn | −¥4.48bn | −¥218.0m | ¥934.0m | ¥622.0m | ¥728.0m |
| Net income | −¥261.0m | ¥488.0m | −¥1.25bn | −¥2.56bn | −¥4.49bn | −¥4.54bn | −¥521.0m | ¥823.0m | ¥183.0m | ¥437.0m |
| Diluted earnings per share | -40.86 | 76.40 | -195.05 | -400.89 | -702.97 | -710.91 | -81.53 | 128.80 | 28.64 | 68.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥29.36bn | ¥30.25bn | ¥31.33bn | ¥33.58bn | ¥32.33bn | ¥31.47bn | ¥35.45bn | ¥39.42bn | ¥38.36bn | ¥36.18bn |
| Cash and short-term investments | ¥3.47bn | ¥2.94bn | ¥2.57bn | ¥3.52bn | ¥5.00bn | ¥6.99bn | ¥7.31bn | ¥7.42bn | ¥6.50bn | ¥6.92bn |
| Total liabilities | ¥26.37bn | ¥27.40bn | ¥29.22bn | ¥30.41bn | ¥27.07bn | ¥22.18bn | ¥21.61bn | ¥24.79bn | ¥23.95bn | ¥22.87bn |
| Debt | ¥12.13bn | ¥12.45bn | ¥13.42bn | ¥13.30bn | ¥12.87bn | ¥11.35bn | ¥6.66bn | ¥6.91bn | ¥7.21bn | ¥6.81bn |
| Shareholders' equity | ¥2.85bn | ¥2.72bn | ¥1.99bn | ¥3.05bn | ¥5.14bn | ¥9.19bn | ¥12.60bn | ¥13.46bn | ¥13.32bn | ¥12.31bn |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥987.0m | ¥801.0m | −¥1.28bn | −¥1.88bn | −¥2.90bn | −¥3.52bn | ¥1.74bn | ¥1.98bn | ¥408.0m | ¥288.0m |
| Capital spending | −¥371.0m | −¥214.0m | −¥241.0m | −¥577.0m | −¥909.0m | −¥1.56bn | −¥1.51bn | −¥666.0m | −¥1.17bn | −¥548.0m |
| Free cash flow | ¥616.0m | ¥587.0m | −¥1.53bn | −¥2.45bn | −¥3.81bn | −¥5.08bn | ¥229.0m | ¥1.32bn | −¥763.0m | −¥260.0m |
| Dividends paid | — | — | — | — | — | — | −¥94.0m | −¥94.0m | −¥94.0m | −¥94.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.75bn | ¥9.59bn | ¥6.94bn | ¥10.97bn | ¥7.10bn | ¥11.35bn | ¥6.03bn | ¥10.63bn |
| Gross profit | ¥1.73bn | ¥1.50bn | ¥1.12bn | ¥1.90bn | ¥1.19bn | ¥1.74bn | ¥957.0m | ¥1.87bn |
| Operating income | ¥167.0m | ¥45.0m | −¥134.0m | ¥251.0m | −¥185.0m | ¥129.0m | −¥275.0m | ¥502.0m |
| Net income | ¥64.0m | −¥7.0m | −¥186.0m | ¥293.0m | −¥201.0m | −¥61.0m | −¥292.0m | ¥500.0m |
| Diluted earnings per share | 10.02 | -1.10 | -29.12 | 45.87 | -31.47 | -9.55 | -45.71 | 78.28 |
| Cash from operations | — | — | — | ¥987.0m | — | — | — | — |
| Capital spending | — | — | — | −¥371.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥616.0m | — | — | — | — |
| Total assets | ¥26.65bn | ¥27.14bn | ¥28.03bn | ¥29.36bn | ¥28.95bn | ¥28.79bn | ¥28.92bn | ¥30.25bn |
| Cash and short-term investments | ¥1.81bn | ¥2.94bn | ¥2.66bn | ¥3.47bn | ¥4.28bn | ¥3.57bn | ¥3.40bn | ¥2.94bn |
| Debt | ¥9.60bn | ¥11.29bn | ¥10.42bn | ¥12.13bn | ¥10.27bn | ¥12.18bn | ¥10.26bn | ¥10.00bn |
| Shareholders' equity | ¥2.65bn | ¥2.53bn | ¥2.63bn | ¥2.85bn | ¥2.07bn | ¥2.37bn | ¥2.45bn | ¥2.72bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 16.3% | 16.3% | 12.6% | 10.4% | 6.9% | 0.8% | — | — |
| Operating margin | 0.3% | 2.5% | -2.3% | -7.3% | -15.1% | -21.0% | — | — |
| Net margin | -0.7% | 1.3% | -3.2% | -8.2% | -16.2% | -21.8% | — | — |
| Return on equity | -9.2% | 18.0% | -62.7% | -84.0% | -87.4% | -49.4% | — | — |
| Return on assets | -0.9% | 1.6% | -4.0% | -7.6% | -13.9% | -14.4% | — | — |
| Free cash flow yield | 32.8% | 24.5% | -25.2% | -31.4% | -48.2% | -47.3% | — | — |
| Revenue growth | -2.7% | -7.2% | 25.9% | 12.2% | 33.3% | -44.7% | — | — |
| Earnings growth | -153.5% | -139.2% | -51.3% | -43.0% | -1.1% | 771.8% | — | — |
| Current ratio | 0.89x | 0.94x | 0.93x | 0.94x | 1.09x | 1.16x | — | — |
| Debt to equity | 4.26x | 4.58x | 6.75x | 4.36x | 2.50x | 1.24x | — | — |
| Equity ratio | 9.7% | 9.0% | 6.3% | 9.1% | 15.9% | 29.2% | — | — |
| Interest coverage | 0.45x | 4.20x | -4.84x | -14.73x | -34.34x | -42.56x | — | — |
| R&D as a share of sales | — | — | 3.3% | 4.5% | 5.7% | 7.9% | 4.8% | 4.3% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | 11.2% | -0.4% |
| Operating income | -68.2% | -55.3% | -11.6% |
| Net income | -53.3% | -43.5% | -5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 14.0% | 11.5% | 13.1% |
| Operating margin | 0.4% | -2.4% | -6.1% | -2.5% |
| Net margin | 0.3% | -2.5% | -6.6% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.7 | 5.0 | -1.8 | -1.5 | -0.9 | -1.2 | -15.5 | 13.4 | 77.5 | 24.1 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Nov 2018.
| FY2019 | FY2009 | FY2008 | FY2007 | FY2005 | FY2004 | FY1998 | FY1997 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 15.00 | 30.00 | 15.00 | 15.00 | 60.00 | 40.00 | 40.00 |
- 10-to-1 reverse split · 29 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.