P 
224
-0.44%
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
¥2.68bn
FY2017FY2026
Net income
¥82.8m
FY2017FY2026
Free cash flow
¥34.0m
FY2017FY2026
Shareholders' equity
¥1.67bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.68bn | ¥2.23bn | ¥3.41bn | ¥3.00bn | ¥2.72bn | ¥2.71bn | ¥2.95bn | ¥2.99bn | ¥3.43bn | ¥3.70bn |
| Research and development | — | ¥5.5m | ¥6.5m | ¥7.6m | ¥4.3m | ¥2.3m | ¥1.7m | ¥5.0m | ¥7.6m | ¥6.0m |
| Operating income | ¥138.4m | −¥139.1m | −¥257.7m | ¥192.5m | ¥203.7m | ¥188.5m | ¥470.3m | ¥401.2m | ¥207.7m | ¥264.0m |
| Net income | ¥82.8m | −¥95.8m | −¥251.3m | ¥126.7m | ¥149.0m | ¥109.1m | ¥282.9m | ¥272.1m | ¥152.0m | ¥262.1m |
| Diluted earnings per share | 8.60 | -9.95 | -28.37 | 14.42 | 17.41 | 12.90 | 36.27 | 34.48 | 19.00 | 33.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.13bn | ¥3.06bn | ¥3.49bn | ¥3.73bn | ¥3.20bn | ¥2.31bn | ¥3.11bn | ¥2.90bn | ¥2.22bn | ¥2.55bn |
| Cash and short-term investments | ¥958.3m | ¥1.14bn | ¥1.40bn | ¥1.40bn | ¥1.30bn | ¥870.6m | ¥1.14bn | ¥750.7m | ¥554.1m | ¥634.6m |
| Total liabilities | ¥1.46bn | ¥1.47bn | ¥1.89bn | ¥1.83bn | ¥1.45bn | ¥1.03bn | ¥1.76bn | ¥1.81bn | ¥1.39bn | ¥1.87bn |
| Debt | ¥1.00bn | ¥1.14bn | ¥1.50bn | ¥1.43bn | ¥722.9m | ¥595.6m | ¥781.0m | ¥842.1m | ¥621.6m | ¥738.9m |
| Shareholders' equity | ¥1.67bn | ¥1.58bn | ¥1.60bn | ¥1.90bn | ¥1.75bn | ¥1.28bn | ¥1.34bn | ¥1.09bn | ¥830.2m | ¥689.6m |
| Shares outstanding | 10m | 10m | 9m | 9m | 9m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥35.4m | ¥102.0m | ¥22.3m | −¥579.8m | −¥28.2m | ¥277.7m | ¥546.3m | ¥166.7m | ¥183.6m | ¥283.8m |
| Capital spending | −¥1.4m | −¥102.0m | −¥3.2m | −¥31.8m | −¥6.9m | −¥170.3m | −¥140.8m | −¥64.5m | −¥93.0m | −¥23.8m |
| Free cash flow | ¥34.0m | — | ¥19.1m | −¥611.6m | −¥35.0m | ¥107.3m | ¥405.4m | ¥102.1m | ¥90.6m | ¥260.0m |
| Dividends paid | −¥56.7m | −¥52.8m | −¥52.8m | −¥50.6m | −¥26.5m | −¥40.7m | −¥54.3m | −¥39.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥590.8m | ¥985.9m | ¥705.8m | ¥599.5m | ¥388.7m | ¥697.8m | ¥593.6m | ¥517.2m |
| Operating income | −¥847,000 | ¥116.6m | ¥47.5m | ¥14.5m | −¥40.2m | −¥21.4m | −¥5.1m | −¥59.1m |
| Net income | −¥8.3m | ¥112.2m | ¥15.7m | −¥19.1m | −¥26.0m | ¥38.6m | −¥21.4m | −¥54.6m |
| Diluted earnings per share | -0.86 | 11.66 | 1.63 | -1.98 | -2.71 | 4.01 | -2.41 | -6.17 |
| Total assets | ¥3.01bn | ¥3.13bn | ¥2.95bn | ¥2.88bn | ¥2.94bn | ¥3.06bn | ¥3.11bn | ¥2.97bn |
| Cash and short-term investments | ¥830.0m | ¥958.3m | ¥882.2m | ¥1.25bn | ¥1.22bn | ¥1.14bn | ¥1.18bn | ¥1.10bn |
| Debt | ¥588.8m | ¥972.6m | ¥622.5m | ¥1.01bn | ¥190.8m | ¥1.11bn | ¥190.8m | ¥1.20bn |
| Shareholders' equity | ¥1.61bn | ¥1.67bn | ¥1.56bn | ¥1.49bn | ¥1.50bn | ¥1.58bn | ¥1.54bn | ¥1.43bn |
Financial ratios
Data as of 20 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 5.4% | -3.4% | -7.6% | 6.5% | 7.6% | 6.9% | — |
| Net margin | 3.1% | -4.3% | -7.4% | 4.2% | 5.5% | 4.0% | — |
| Return on equity | 5.0% | -6.0% | -15.7% | 6.7% | 8.5% | 8.5% | — |
| Return on assets | 2.6% | -3.1% | -7.2% | 3.4% | 4.7% | 4.7% | — |
| Free cash flow yield | 1.5% | 4.3% | 1.0% | -26.8% | -1.3% | 13.4% | — |
| Revenue growth | 20.3% | -34.7% | 13.6% | 10.4% | 0.2% | -8.1% | — |
| Earnings growth | -186.4% | -61.9% | -298.4% | -15.0% | 36.6% | -61.4% | — |
| Current ratio | 2.32x | 4.87x | 2.04x | 4.36x | 2.81x | 2.61x | — |
| Debt to equity | 0.58x | 0.70x | 0.91x | 0.74x | 0.39x | 0.43x | — |
| Equity ratio | 53.3% | 51.8% | 45.8% | 51.0% | 54.7% | 55.5% | — |
| Interest coverage | 9.40x | -4.98x | -14.36x | 25.54x | 53.05x | 57.32x | — |
| R&D as a share of sales | — | 0.2% | 0.2% | 0.3% | 0.2% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -8.7% | -0.8% | -2.7% | -1.2% | -8.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.7% | -0.3% | -2.5% |
| Operating income | -10.4% | -6.0% | 0.7% |
| Net income | -13.2% | -5.4% | -1.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.0% | -0.6% | 1.9% | 5.4% |
| Net margin | -0.3% | -1.2% | 0.7% | 3.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.2 | -35.5 | -6.9 | 14.8 | 16.6 | 30.5 | 10.0 | 7.5 | 10.9 | 13.0 |
| Price to sales | 0.8 | 1.5 | 0.5 | 0.6 | 0.9 | 1.2 | 0.9 | 0.7 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 12.00 | 6.00 | 6.00 | 6.00 | 3.333 | 5.00 | 6.667 | 5.00 |
- 3-for-1 split · 29 Jun 2021
- 10-to-1 reverse split · 26 Sept 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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