F 
990
+1.54%
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
¥23.54bn
FY2017FY2026
Net income
−¥2.08bn
FY2017FY2026
Free cash flow
−¥6.20bn
FY2017FY2026
Shareholders' equity
¥42.94bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥23.54bn | ¥34.60bn | ¥36.98bn | ¥34.87bn | ¥29.61bn | ¥26.93bn | ¥25.17bn | ¥27.97bn | ¥52.31bn | ¥32.95bn |
| Gross profit | ¥12.07bn | ¥17.66bn | ¥19.50bn | ¥17.90bn | ¥13.11bn | ¥12.98bn | ¥13.20bn | ¥14.55bn | ¥23.09bn | ¥15.58bn |
| Research and development | — | ¥7.46bn | ¥7.57bn | ¥6.55bn | ¥7.49bn | ¥6.65bn | ¥8.68bn | ¥6.55bn | ¥10.16bn | ¥10.43bn |
| Operating income | −¥3.90bn | ¥3.19bn | ¥4.88bn | ¥3.88bn | −¥698.0m | ¥383.0m | −¥2.05bn | ¥1.34bn | ¥4.50bn | −¥2.27bn |
| Net income | −¥2.08bn | ¥2.57bn | ¥3.64bn | ¥5.30bn | −¥1.78bn | ¥122.0m | −¥4.72bn | ¥796.0m | ¥2.52bn | −¥1.94bn |
| Diluted earnings per share | -99.55 | 122.73 | 174.25 | 253.45 | -79.61 | 5.45 | -210.71 | 35.54 | 112.76 | -81.36 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥47.69bn | ¥54.93bn | ¥52.55bn | ¥51.16bn | ¥45.40bn | ¥51.82bn | ¥46.66bn | ¥53.56bn | ¥60.23bn | ¥57.37bn |
| Cash and short-term investments | ¥16.21bn | ¥21.65bn | ¥20.13bn | ¥20.40bn | ¥19.48bn | ¥18.79bn | ¥21.82bn | ¥22.91bn | ¥27.88bn | ¥22.40bn |
| Total liabilities | ¥4.75bn | ¥8.15bn | ¥9.61bn | ¥11.37bn | ¥8.78bn | ¥10.99bn | ¥6.65bn | ¥7.83bn | ¥12.97bn | ¥10.16bn |
| Debt | ¥2.0m | ¥3.0m | — | — | — | — | — | — | — | — |
| Shareholders' equity | ¥42.94bn | ¥46.78bn | ¥42.94bn | ¥39.79bn | ¥36.63bn | ¥40.83bn | ¥40.01bn | ¥45.73bn | ¥47.26bn | ¥47.21bn |
| Shares outstanding | 21m | 21m | 21m | 21m | 22m | 22m | 22m | 22m | 22m | 24m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥4.89bn | ¥4.61bn | ¥3.73bn | ¥5.51bn | ¥3.07bn | −¥52.0m | ¥1.85bn | −¥1.87bn | ¥11.44bn | −¥5.0m |
| Capital spending | −¥1.31bn | −¥1.25bn | −¥2.20bn | −¥1.11bn | −¥2.09bn | −¥2.00bn | −¥2.27bn | −¥1.49bn | −¥4.09bn | −¥4.42bn |
| Free cash flow | −¥6.20bn | ¥3.36bn | ¥1.54bn | ¥4.40bn | ¥982.0m | −¥2.05bn | −¥415.0m | −¥3.36bn | ¥7.35bn | −¥4.43bn |
| Dividends paid | −¥1.15bn | −¥1.15bn | −¥1.04bn | −¥1.12bn | −¥1.12bn | −¥1.12bn | −¥1.12bn | −¥1.15bn | −¥1.44bn | −¥1.22bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.52bn | ¥7.54bn | ¥7.15bn | ¥6.02bn | ¥2.83bn | ¥3.86bn | ¥5.63bn | ¥16.64bn |
| Gross profit | ¥3.17bn | ¥4.35bn | ¥3.73bn | ¥2.71bn | ¥1.29bn | ¥736.0m | ¥3.59bn | ¥8.63bn |
| Operating income | −¥750.0m | ¥710.0m | −¥860.0m | −¥1.54bn | −¥2.21bn | −¥3.02bn | ¥481.0m | ¥5.11bn |
| Net income | −¥295.0m | ¥825.0m | ¥89.0m | −¥1.75bn | −¥1.25bn | −¥1.73bn | ¥490.0m | ¥3.37bn |
| Diluted earnings per share | -14.10 | 39.43 | 4.25 | -83.68 | -59.55 | -82.73 | 23.44 | 161.33 |
| Total assets | ¥46.38bn | ¥47.69bn | ¥49.16bn | ¥50.60bn | ¥49.72bn | ¥54.93bn | ¥59.10bn | ¥60.72bn |
| Cash and short-term investments | ¥14.46bn | ¥16.21bn | ¥14.93bn | ¥15.28bn | ¥16.88bn | ¥21.65bn | ¥20.68bn | ¥22.37bn |
| Shareholders' equity | ¥42.25bn | ¥42.94bn | ¥42.68bn | ¥43.88bn | ¥43.80bn | ¥46.78bn | ¥50.07bn | ¥48.37bn |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 51.3% | 51.1% | 52.7% | 51.3% | 44.3% | 48.2% | — |
| Operating margin | -16.6% | 9.2% | 13.2% | 11.1% | -2.4% | 1.4% | — |
| Net margin | -8.8% | 7.4% | 9.9% | 15.2% | -6.0% | 0.5% | — |
| Return on equity | -4.9% | 5.5% | 8.5% | 13.3% | -4.9% | 0.3% | — |
| Return on assets | -4.4% | 4.7% | 6.9% | 10.4% | -3.9% | 0.2% | — |
| Free cash flow yield | -16.8% | 27.5% | 27.9% | 31.1% | 22.6% | 8.5% | — |
| Revenue growth | -32.0% | -6.5% | 6.1% | 17.8% | 9.9% | 7.0% | — |
| Earnings growth | -181.1% | -29.5% | -31.2% | -397.0% | -1561.5% | -102.6% | — |
| Current ratio | 8.93x | 7.09x | 4.91x | 3.57x | 4.63x | 4.00x | — |
| Debt to equity | — | — | — | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 90.0% | 85.2% | 81.7% | 77.8% | 80.7% | 78.8% | — |
| Interest coverage | -390.30x | — | 54.83x | — | -69.80x | — | — |
| R&D as a share of sales | — | 21.6% | 20.5% | 18.8% | 25.3% | 24.7% | 34.5% |
| Buybacks as a share of market value | 0.0% | -0.1% | -0.1% | 6.7% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.3% | -2.7% | -4.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.1% | 51.7% | 50.0% | 49.1% |
| Operating margin | -1.2% | 6.2% | 4.1% | 3.1% |
| Net margin | 0.8% | 7.2% | 4.2% | 1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.9 | 8.8 | 8.1 | 4.7 | -15.5 | 162.3 | -3.8 | 28.1 | 8.4 | -14.8 |
| Price to sales | 0.9 | 0.7 | 0.8 | 0.7 | 0.9 | 0.7 | 0.7 | 0.8 | 0.4 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 80.00 | 55.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 |
- 100-for-1 split · 26 Sept 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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