F 
296
+2.78%
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
¥8.72bn
FY2016FY2025
Net income
¥230.8m
FY2016FY2025
Free cash flow
¥307.2m
FY2016FY2025
Shareholders' equity
¥3.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.72bn | ¥8.25bn | ¥8.26bn | ¥7.83bn | ¥7.47bn | ¥5.91bn | ¥6.59bn | ¥6.15bn | ¥5.27bn | ¥5.11bn |
| Gross profit | ¥1.80bn | ¥1.60bn | ¥1.58bn | ¥1.55bn | ¥1.74bn | ¥1.25bn | ¥1.46bn | ¥1.75bn | ¥1.55bn | ¥1.11bn |
| Research and development | ¥159.7m | ¥86.0m | ¥36.0m | ¥18.5m | ¥31.4m | ¥24.8m | ¥6.9m | — | ¥1.0m | ¥1.0m |
| Operating income | ¥474.1m | ¥404.9m | ¥425.0m | ¥482.9m | ¥654.3m | ¥283.1m | ¥387.2m | ¥418.4m | ¥323.6m | ¥211.6m |
| Net income | ¥230.8m | ¥139.2m | ¥232.9m | ¥338.9m | ¥505.5m | ¥99.2m | ¥289.8m | ¥178.0m | ¥121.6m | ¥39.2m |
| Diluted earnings per share | 28.48 | 17.19 | 28.73 | 41.81 | 63.44 | 12.48 | 36.75 | 22.10 | 15.12 | 4.84 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.80bn | ¥9.44bn | ¥8.50bn | ¥8.79bn | ¥8.18bn | ¥7.45bn | ¥6.98bn | ¥6.19bn | ¥6.07bn | ¥5.19bn |
| Cash and short-term investments | ¥1.87bn | ¥1.46bn | ¥1.16bn | ¥942.1m | ¥899.1m | ¥764.3m | ¥627.4m | ¥695.1m | ¥411.7m | ¥475.2m |
| Total liabilities | ¥6.09bn | ¥5.93bn | ¥5.32bn | ¥5.99bn | ¥5.98bn | ¥5.77bn | ¥5.35bn | ¥4.81bn | ¥4.95bn | ¥4.32bn |
| Debt | ¥3.76bn | ¥3.53bn | ¥3.38bn | ¥3.71bn | ¥3.71bn | ¥3.84bn | ¥3.38bn | ¥3.00bn | ¥3.13bn | ¥3.14bn |
| Shareholders' equity | ¥3.70bn | ¥3.51bn | ¥3.18bn | ¥2.80bn | ¥2.20bn | ¥1.66bn | ¥1.61bn | ¥1.35bn | ¥1.12bn | ¥876.1m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥927.9m | ¥855.6m | ¥1.10bn | ¥593.3m | ¥886.3m | ¥688.7m | ¥727.0m | ¥611.0m | ¥306.0m | ¥551.0m |
| Capital spending | −¥620.7m | −¥686.7m | −¥515.9m | −¥472.6m | −¥512.6m | −¥730.8m | −¥701.0m | −¥363.0m | −¥236.0m | −¥300.1m |
| Free cash flow | ¥307.2m | ¥168.9m | ¥581.4m | ¥120.7m | ¥373.7m | −¥42.2m | ¥26.0m | ¥248.0m | ¥70.0m | ¥250.9m |
| Dividends paid | −¥51.5m | −¥51.1m | −¥51.0m | −¥71.6m | −¥35.2m | −¥35.0m | −¥27.0m | −¥19.0m | −¥19.0m | −¥19.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.16bn | ¥2.25bn | ¥2.08bn | ¥2.22bn | ¥2.16bn | ¥2.25bn | ¥2.04bn | ¥2.13bn |
| Gross profit | ¥484.4m | ¥524.1m | ¥419.7m | ¥475.1m | ¥454.0m | ¥452.2m | ¥431.0m | ¥373.0m |
| Operating income | ¥162.8m | ¥195.6m | ¥73.2m | ¥127.3m | ¥135.0m | ¥138.6m | ¥123.0m | ¥83.0m |
| Net income | ¥76.6m | ¥124.6m | −¥13.0m | ¥69.7m | ¥68.2m | ¥105.8m | ¥29.0m | ¥52.0m |
| Diluted earnings per share | 9.47 | 15.39 | -1.60 | 8.61 | 8.42 | 13.06 | 3.58 | 6.42 |
| Total assets | ¥10.23bn | ¥9.82bn | ¥9.80bn | ¥9.54bn | ¥9.52bn | ¥9.82bn | ¥9.44bn | ¥9.25bn |
| Cash and short-term investments | ¥2.36bn | ¥1.97bn | ¥1.87bn | ¥1.81bn | ¥1.79bn | ¥1.80bn | ¥1.46bn | ¥1.39bn |
| Debt | ¥3.50bn | ¥1.68bn | ¥3.72bn | ¥1.82bn | ¥3.71bn | ¥1.93bn | ¥1.90bn | ¥1.74bn |
| Shareholders' equity | ¥4.14bn | ¥4.01bn | ¥3.70bn | ¥3.50bn | ¥3.37bn | ¥3.54bn | ¥3.51bn | ¥3.43bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.7% | 19.4% | 19.1% | 19.8% | 23.3% | 21.2% |
| Operating margin | 4.8% | 4.3% | 5.3% | 6.6% | 10.0% | 3.2% |
| Net margin | 2.6% | 1.7% | 2.8% | 4.3% | 6.8% | 1.7% |
| Return on equity | 6.2% | 4.0% | 7.3% | 12.1% | 23.0% | 6.0% |
| Return on assets | 2.4% | 1.5% | 2.7% | 3.9% | 6.2% | 1.3% |
| Free cash flow yield | 57.1% | 56.8% | 59.4% | 39.2% | 52.4% | 53.3% |
| Revenue growth | 5.7% | -0.1% | 5.5% | 4.9% | 26.3% | -10.3% |
| Earnings growth | 65.8% | -40.2% | -31.3% | -33.0% | 409.6% | -65.8% |
| Current ratio | 1.39x | 1.19x | 1.14x | 1.11x | 0.84x | 0.96x |
| Debt to equity | 1.00x | 1.00x | 1.04x | 1.28x | 1.61x | 2.15x |
| Equity ratio | 37.8% | 37.2% | 37.4% | 31.9% | 26.8% | 22.3% |
| Interest coverage | 8.63x | 8.80x | 10.79x | 11.92x | 14.42x | 3.72x |
| R&D as a share of sales | 1.8% | 1.0% | 0.4% | 0.2% | 0.4% | 0.4% |
| Buybacks as a share of market value | -0.0% | 0.1% | 0.0% | -1.7% | -0.2% | -0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 8.1% | 4.6% |
| Operating income | -0.6% | 10.9% | 11.3% |
| Net income | -12.0% | 18.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.0% | 19.8% | 20.5% | 22.1% |
| Operating margin | 5.2% | 5.4% | 5.9% | 5.6% |
| Net margin | 2.2% | 2.8% | 3.3% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 13.4 | 10.7 | 8.1 | 7.8 | 99.6 | 7.9 | 12.4 | 29.0 | 29.1 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.3 | 0.5 | 1.7 | 0.3 | 0.4 | 0.7 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 14.00 | 7.00 | 7.00 | 5.00 | 5.00 | 5.00 | 4.00 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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