2,330
+2.46%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥54.34bn
FY2017FY2026
Net income
¥5.75bn
FY2017FY2026
Free cash flow
¥5.22bn
FY2017FY2026
Shareholders' equity
¥49.67bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥54.34bn | ¥57.42bn | ¥53.86bn | ¥31.82bn | ¥24.39bn | ¥23.23bn | ¥32.92bn | ¥31.17bn | ¥34.09bn | ¥40.71bn |
| Gross profit | ¥23.81bn | ¥26.69bn | ¥24.98bn | ¥14.51bn | ¥10.14bn | ¥9.50bn | ¥12.04bn | ¥11.67bn | ¥11.84bn | ¥13.95bn |
| Research and development | — | ¥1.15bn | ¥1.58bn | ¥659.0m | ¥627.0m | ¥819.0m | ¥1.17bn | ¥1.21bn | ¥1.58bn | ¥3.06bn |
| Operating income | ¥9.67bn | ¥12.21bn | ¥12.00bn | ¥4.02bn | ¥1.19bn | ¥618.9m | ¥1.43bn | ¥1.53bn | ¥1.20bn | ¥1.09bn |
| Net income | ¥5.75bn | ¥7.73bn | ¥8.46bn | ¥2.93bn | ¥1.23bn | ¥612.6m | ¥1.06bn | ¥1.26bn | ¥785.1m | ¥502.8m |
| Diluted earnings per share | 394.43 | 530.74 | 582.87 | 198.05 | 83.13 | 41.44 | 71.79 | 85.46 | 53.11 | 34.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥59.28bn | ¥57.29bn | ¥59.31bn | ¥48.30bn | ¥41.49bn | ¥41.08bn | ¥42.70bn | ¥43.73bn | ¥43.56bn | ¥47.31bn |
| Cash and short-term investments | ¥19.59bn | ¥16.96bn | ¥20.43bn | ¥17.42bn | ¥16.58bn | ¥16.24bn | ¥15.48bn | ¥12.75bn | ¥13.83bn | ¥14.06bn |
| Total liabilities | ¥9.61bn | ¥12.00bn | ¥18.56bn | ¥14.90bn | ¥10.35bn | ¥10.42bn | ¥12.30bn | ¥13.83bn | ¥14.31bn | ¥18.16bn |
| Debt | — | — | ¥464,000 | ¥2.00bn | ¥2.00bn | ¥3.00bn | ¥3.30bn | ¥3.30bn | ¥3.30bn | ¥3.30bn |
| Shareholders' equity | ¥49.67bn | ¥45.29bn | ¥40.72bn | ¥33.40bn | ¥31.14bn | ¥30.66bn | ¥30.41bn | ¥29.90bn | ¥29.25bn | ¥29.15bn |
| Shares outstanding | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥5.95bn | ¥7.67bn | ¥8.43bn | ¥2.98bn | ¥3.22bn | ¥3.40bn | ¥5.01bn | ¥1.88bn | ¥2.92bn | ¥9.34bn |
| Capital spending | −¥727.9m | −¥5.58bn | −¥2.13bn | −¥1.04bn | −¥941.3m | −¥1.18bn | −¥1.62bn | −¥2.27bn | −¥2.37bn | −¥2.38bn |
| Free cash flow | ¥5.22bn | ¥2.08bn | ¥6.30bn | ¥1.94bn | ¥2.28bn | ¥2.22bn | ¥3.39bn | −¥397.6m | ¥547.7m | ¥6.96bn |
| Dividends paid | −¥1.63bn | −¥2.07bn | −¥1.18bn | −¥665.4m | −¥813.4m | −¥590.9m | −¥591.2m | −¥591.7m | −¥739.7m | −¥738.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.36bn | ¥8.72bn | ¥15.25bn | ¥15.04bn | ¥15.33bn | ¥9.44bn | ¥13.51bn | ¥15.87bn |
| Gross profit | ¥5.80bn | ¥4.08bn | ¥6.79bn | ¥6.81bn | ¥7.05bn | ¥4.41bn | ¥5.93bn | ¥7.34bn |
| Operating income | ¥2.31bn | −¥266.6m | ¥2.95bn | ¥3.46bn | ¥3.53bn | ¥392.1m | ¥2.73bn | ¥3.50bn |
| Net income | ¥1.48bn | −¥1.02bn | ¥2.04bn | ¥2.31bn | ¥2.42bn | −¥389.6m | ¥1.91bn | ¥2.33bn |
| Diluted earnings per share | 101.49 | -70.01 | 140.04 | 158.85 | 166.50 | -26.76 | 131.23 | 160.29 |
| Total assets | ¥58.15bn | ¥59.28bn | ¥62.78bn | ¥61.64bn | ¥57.72bn | ¥57.29bn | ¥60.08bn | ¥63.11bn |
| Cash and short-term investments | ¥19.44bn | ¥19.59bn | ¥18.55bn | ¥21.11bn | ¥17.45bn | ¥16.96bn | ¥13.97bn | ¥21.97bn |
| Shareholders' equity | ¥50.25bn | ¥49.67bn | ¥50.64bn | ¥49.06bn | ¥46.70bn | ¥45.29bn | ¥45.01bn | ¥45.50bn |
Financial ratios
Data as of 20 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 43.8% | 46.5% | 46.4% | 45.6% | 41.6% | 40.9% | — | — |
| Operating margin | 17.8% | 21.3% | 22.3% | 12.6% | 4.9% | 2.7% | — | — |
| Net margin | 10.6% | 13.5% | 15.7% | 9.2% | 5.0% | 2.6% | — | — |
| Return on equity | 11.6% | 17.1% | 20.8% | 8.8% | 3.9% | 2.0% | — | — |
| Return on assets | 9.7% | 13.5% | 14.3% | 6.1% | 3.0% | 1.5% | — | — |
| Free cash flow yield | 18.4% | 36.7% | 29.3% | 11.0% | 11.3% | 12.5% | — | — |
| Revenue growth | -5.4% | 6.6% | 69.2% | 30.5% | 5.0% | -29.4% | — | — |
| Earnings growth | -25.5% | -8.7% | 189.1% | 138.2% | 100.6% | -42.3% | — | — |
| Current ratio | 4.63x | 3.29x | 2.49x | 2.41x | 2.84x | 2.67x | — | — |
| Debt to equity | — | — | 0.08x | 0.06x | 0.06x | 0.10x | 0.11x | 0.11x |
| Equity ratio | 83.8% | 79.0% | 68.7% | 69.2% | 75.1% | 74.6% | — | — |
| Interest coverage | 1209212.00x | 22490.52x | 1831.45x | 612.17x | 172.81x | 52.90x | — | — |
| R&D as a share of sales | — | 2.0% | 2.9% | 2.1% | 2.6% | 3.5% | 3.6% | — |
| Buybacks as a share of market value | -0.2% | -0.3% | 1.8% | 0.0% | 0.0% | -0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.5% | 18.5% | 1.5% |
| Operating income | 34.0% | 73.3% | — |
| Net income | 25.3% | 56.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.2% | 45.6% | 44.7% | 40.2% |
| Operating margin | 19.6% | 19.2% | 16.2% | 10.2% |
| Net margin | 12.1% | 12.6% | 10.9% | 6.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.0 | 5.4 | 5.1 | 16.9 | 24.0 | 29.2 | 12.0 | 19.2 | 28.2 | 51.8 |
| Price to sales | 0.6 | 0.7 | 0.8 | 1.6 | 1.2 | 0.8 | 0.4 | 0.8 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 40.00 | 180.00 | 70.00 | 60.00 | 45.00 | 55.00 | 40.00 | 40.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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