T 
2,443
+5.80%
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
¥35.43bn
FY2016FY2025
Net income
¥3.54bn
FY2016FY2025
Free cash flow
¥7.93bn
FY2016FY2025
Shareholders' equity
¥26.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥35.43bn | ¥35.87bn | ¥28.16bn | ¥24.36bn | ¥22.00bn | ¥19.52bn | ¥18.22bn | ¥19.04bn | ¥17.17bn | ¥11.33bn |
| Gross profit | ¥10.76bn | ¥11.86bn | ¥8.56bn | ¥7.33bn | ¥5.93bn | ¥5.30bn | ¥4.41bn | ¥5.28bn | ¥4.71bn | ¥3.82bn |
| Research and development | ¥732.6m | ¥699.3m | ¥435.2m | ¥367.6m | ¥374.2m | ¥376.2m | ¥353.6m | ¥506.0m | ¥302.1m | ¥350.1m |
| Operating income | ¥4.77bn | ¥5.92bn | ¥3.65bn | ¥3.24bn | ¥2.25bn | ¥1.89bn | ¥951.9m | ¥1.61bn | ¥1.95bn | ¥1.39bn |
| Net income | ¥3.54bn | ¥4.25bn | ¥2.36bn | ¥2.26bn | ¥1.75bn | ¥1.69bn | ¥726.2m | ¥1.48bn | ¥1.58bn | ¥1.28bn |
| Diluted earnings per share | 245.51 | 289.78 | 160.98 | 155.57 | 132.23 | 127.99 | 54.10 | 110.31 | 138.31 | 111.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥46.89bn | ¥49.20bn | ¥47.43bn | ¥39.40bn | ¥29.39bn | ¥26.77bn | ¥25.79bn | ¥23.88bn | ¥18.80bn | ¥13.92bn |
| Cash and short-term investments | ¥16.27bn | ¥10.34bn | ¥6.90bn | ¥5.14bn | ¥3.27bn | ¥2.93bn | ¥2.53bn | ¥2.76bn | ¥2.27bn | ¥1.28bn |
| Total liabilities | ¥19.86bn | ¥24.56bn | ¥27.33bn | ¥21.85bn | ¥15.82bn | ¥15.20bn | ¥15.45bn | ¥14.10bn | ¥12.52bn | ¥9.00bn |
| Debt | ¥7.93bn | ¥8.98bn | ¥11.75bn | ¥7.95bn | ¥5.18bn | ¥4.41bn | ¥5.16bn | ¥5.17bn | ¥4.44bn | ¥2.95bn |
| Shareholders' equity | ¥26.54bn | ¥24.18bn | ¥19.77bn | ¥17.29bn | ¥13.36bn | ¥11.40bn | ¥10.18bn | ¥9.63bn | ¥6.14bn | ¥4.83bn |
| Shares outstanding | 14m | 15m | 15m | 15m | 13m | 13m | 13m | 13m | 11m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥9.35bn | ¥7.51bn | −¥350.1m | −¥1.51bn | ¥336.3m | ¥2.18bn | ¥1.67bn | −¥1.20bn | ¥2.06bn | ¥1.30bn |
| Capital spending | −¥1.42bn | −¥1.22bn | −¥1.27bn | −¥926.1m | −¥505.3m | −¥605.5m | −¥1.58bn | −¥1.13bn | −¥520.2m | −¥313.4m |
| Free cash flow | ¥7.93bn | ¥6.29bn | −¥1.62bn | −¥2.44bn | −¥169.1m | ¥1.57bn | ¥89.5m | −¥2.33bn | ¥1.54bn | ¥990.1m |
| Dividends paid | −¥488.5m | −¥355.9m | −¥311.0m | −¥216.3m | −¥216.1m | −¥121.8m | −¥148.8m | −¥79.3m | −¥53.2m | −¥16.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.72bn | ¥5.97bn | ¥8.31bn | ¥10.33bn | ¥9.27bn | ¥7.52bn | ¥11.13bn | ¥8.50bn |
| Gross profit | ¥1.97bn | ¥1.62bn | ¥2.25bn | ¥3.28bn | ¥2.62bn | ¥2.61bn | ¥3.19bn | ¥3.13bn |
| Operating income | ¥37.0m | ¥86.2m | ¥345.3m | ¥1.91bn | ¥1.31bn | ¥1.21bn | ¥1.32bn | ¥1.77bn |
| Net income | −¥75.6m | ¥111.5m | ¥365.8m | ¥1.53bn | ¥789.2m | ¥855.9m | ¥1.15bn | ¥1.03bn |
| Diluted earnings per share | -5.22 | 7.69 | 25.36 | 106.10 | 54.71 | 59.33 | 78.63 | 70.10 |
| Total assets | ¥48.52bn | ¥46.06bn | ¥46.89bn | ¥47.81bn | ¥48.55bn | ¥49.07bn | ¥49.20bn | ¥48.07bn |
| Cash and short-term investments | ¥14.78bn | ¥15.47bn | ¥16.27bn | ¥15.99bn | ¥13.00bn | ¥10.13bn | ¥10.34bn | ¥9.01bn |
| Debt | ¥8.44bn | ¥3.71bn | ¥7.92bn | ¥3.23bn | ¥9.28bn | ¥3.11bn | ¥2.82bn | ¥2.73bn |
| Shareholders' equity | ¥26.39bn | ¥26.26bn | ¥26.54bn | ¥25.87bn | ¥24.20bn | ¥23.63bn | ¥24.18bn | ¥22.65bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 33.1% | 30.4% | 30.1% | 27.0% | 27.2% |
| Operating margin | 13.5% | 16.5% | 13.0% | 13.3% | 10.2% | 9.7% |
| Net margin | 10.0% | 11.8% | 8.4% | 9.3% | 8.0% | 8.7% |
| Return on equity | 13.3% | 17.6% | 11.9% | 13.1% | 13.1% | 14.8% |
| Return on assets | 7.6% | 8.6% | 5.0% | 5.7% | 6.0% | 6.3% |
| Free cash flow yield | 20.8% | 16.6% | 1.8% | -1.1% | 1.8% | 5.9% |
| Revenue growth | -1.2% | 27.4% | 15.6% | 10.7% | 12.7% | 7.1% |
| Earnings growth | -16.6% | 80.2% | 4.1% | 29.4% | 3.3% | 133.2% |
| Current ratio | 2.63x | 2.30x | 1.84x | 1.73x | 1.64x | 1.62x |
| Debt to equity | 0.30x | 0.36x | 0.58x | 0.46x | 0.38x | 0.38x |
| Equity ratio | 56.6% | 49.1% | 41.7% | 43.9% | 45.5% | 42.6% |
| Interest coverage | 56.47x | 75.77x | 59.98x | 102.09x | 72.27x | 53.68x |
| R&D as a share of sales | 2.1% | 1.9% | 1.5% | 1.5% | 1.7% | 1.9% |
| Buybacks as a share of market value | 1.6% | -0.1% | -0.6% | -10.0% | -0.0% | 1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.3% | 12.7% | 11.2% |
| Operating income | 13.8% | 20.4% | 16.8% |
| Net income | 16.1% | 15.9% | 13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.7% | 31.1% | 30.1% | 29.2% |
| Operating margin | 15.0% | 14.2% | 13.1% | 11.8% |
| Net margin | 10.9% | 10.0% | 9.6% | 9.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.4 | 7.4 | 17.2 | 10.0 | 11.6 | 10.9 | 27.3 | 6.1 | 14.2 | 9.6 |
| Price to sales | 0.8 | 0.9 | 1.4 | 0.9 | 0.9 | 0.9 | 1.1 | 0.5 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 67.00 | 24.00 | 19.00 | 16.00 | 16.00 | 9.00 | 9.00 | 7.00 |
- 3-for-1 split · 28 Dec 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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