N 
442
+5.24%
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
¥51.68bn
FY2017FY2026
Net income
¥2.23bn
FY2017FY2026
Free cash flow
¥3.55bn
FY2017FY2026
Shareholders' equity
¥30.98bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥51.68bn | ¥51.45bn | ¥49.48bn | ¥41.88bn | ¥38.67bn | ¥34.71bn | ¥42.47bn | ¥45.97bn | ¥45.49bn | ¥43.18bn |
| Gross profit | ¥9.14bn | ¥6.62bn | ¥6.62bn | ¥5.46bn | ¥5.83bn | ¥3.72bn | ¥5.77bn | ¥6.41bn | ¥6.48bn | ¥7.07bn |
| Research and development | — | ¥566.7m | ¥662.0m | ¥649.4m | ¥573.6m | ¥400.0m | ¥546.4m | ¥449.9m | ¥400.7m | ¥519.9m |
| Operating income | ¥4.00bn | ¥2.46bn | ¥2.52bn | ¥1.92bn | ¥2.21bn | ¥18.8m | ¥1.77bn | ¥2.56bn | ¥2.48bn | ¥3.48bn |
| Net income | ¥2.23bn | ¥630.2m | ¥601.0m | ¥391.9m | ¥644.6m | ¥670.4m | ¥431.6m | ¥809.2m | −¥368.9m | ¥1.41bn |
| Diluted earnings per share | 69.92 | 21.88 | 20.89 | 13.64 | 22.33 | 23.27 | 15.01 | 28.01 | -12.77 | 48.93 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥66.92bn | ¥66.61bn | ¥62.98bn | ¥56.91bn | ¥54.75bn | ¥54.13bn | ¥56.19bn | ¥57.27bn | ¥56.58bn | ¥55.84bn |
| Cash and short-term investments | ¥11.57bn | ¥9.27bn | ¥9.07bn | ¥6.83bn | ¥6.31bn | ¥6.00bn | ¥5.14bn | ¥4.93bn | ¥5.86bn | ¥6.46bn |
| Total liabilities | ¥26.57bn | ¥28.57bn | ¥25.94bn | ¥23.93bn | ¥23.33bn | ¥24.50bn | ¥26.71bn | ¥26.78bn | ¥25.37bn | ¥24.20bn |
| Debt | ¥10.89bn | ¥12.30bn | ¥10.01bn | ¥10.43bn | ¥11.05bn | ¥12.77bn | ¥13.84bn | ¥11.21bn | ¥10.62bn | ¥9.75bn |
| Shareholders' equity | ¥30.98bn | ¥29.03bn | ¥28.47bn | ¥24.95bn | ¥23.93bn | ¥22.58bn | ¥22.11bn | ¥23.03bn | ¥23.67bn | ¥23.90bn |
| Shares outstanding | 32m | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 29m | 29m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥7.78bn | ¥4.30bn | ¥6.96bn | ¥4.80bn | ¥6.88bn | ¥5.44bn | ¥4.18bn | ¥5.85bn | ¥6.15bn | ¥6.72bn |
| Capital spending | −¥4.24bn | −¥3.07bn | −¥3.36bn | −¥2.55bn | −¥3.35bn | −¥4.21bn | −¥5.89bn | −¥5.88bn | −¥6.17bn | −¥4.09bn |
| Free cash flow | ¥3.55bn | ¥1.24bn | ¥3.61bn | ¥2.25bn | ¥3.53bn | ¥1.23bn | −¥1.71bn | −¥29.1m | −¥18.7m | ¥2.64bn |
| Dividends paid | −¥374.2m | −¥373.1m | −¥229.6m | −¥346.4m | −¥259.3m | −¥202.5m | −¥346.6m | −¥346.2m | −¥346.3m | −¥317.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.07bn | ¥14.15bn | ¥13.09bn | ¥12.01bn | ¥12.43bn | ¥13.94bn | ¥11.95bn | ¥13.47bn |
| Gross profit | ¥2.54bn | ¥2.67bn | ¥2.25bn | ¥2.04bn | ¥2.18bn | ¥2.05bn | ¥1.86bn | ¥1.54bn |
| Operating income | ¥1.12bn | ¥1.36bn | ¥915.2m | ¥799.9m | ¥925.1m | ¥584.4m | ¥712.0m | ¥271.0m |
| Net income | ¥848.3m | ¥295.2m | ¥552.1m | ¥652.0m | ¥728.1m | ¥327.7m | ¥310.0m | ¥181.0m |
| Diluted earnings per share | 26.63 | 9.27 | 19.17 | 22.63 | 25.28 | 11.38 | 10.77 | 6.29 |
| Total assets | ¥73.25bn | ¥66.92bn | ¥66.48bn | ¥62.80bn | ¥63.98bn | ¥66.61bn | ¥65.82bn | ¥62.78bn |
| Cash and short-term investments | ¥12.65bn | ¥11.57bn | ¥11.76bn | ¥9.72bn | ¥10.09bn | ¥9.27bn | ¥8.42bn | ¥8.03bn |
| Debt | ¥5.01bn | ¥10.89bn | ¥5.26bn | ¥10.71bn | ¥5.73bn | ¥12.09bn | ¥6.77bn | ¥9.23bn |
| Shareholders' equity | ¥31.93bn | ¥30.98bn | ¥30.30bn | ¥29.51bn | ¥28.71bn | ¥29.03bn | ¥27.92bn | ¥28.32bn |
Financial ratios
Data as of 27 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.7% | 12.9% | 13.4% | 13.0% | 15.1% | 10.7% | — |
| Operating margin | 7.7% | 4.8% | 5.1% | 4.6% | 5.7% | 0.1% | — |
| Net margin | 4.3% | 1.2% | 1.2% | 0.9% | 1.7% | 1.9% | — |
| Return on equity | 7.2% | 2.2% | 2.1% | 1.6% | 2.7% | 3.0% | — |
| Return on assets | 3.3% | 0.9% | 1.0% | 0.7% | 1.2% | 1.2% | — |
| Free cash flow yield | 76.9% | 52.1% | 73.0% | 52.0% | 72.2% | 68.2% | — |
| Revenue growth | 0.4% | 4.0% | 18.2% | 8.3% | 11.4% | -18.3% | — |
| Earnings growth | 253.4% | 4.9% | 53.4% | -39.2% | -3.8% | 55.3% | — |
| Current ratio | 2.24x | 1.94x | 2.03x | 1.97x | 1.87x | 1.86x | — |
| Debt to equity | 0.35x | 0.42x | 0.34x | 0.41x | 0.46x | 0.56x | — |
| Equity ratio | 46.3% | 43.6% | 45.2% | 43.8% | 43.7% | 41.7% | — |
| Interest coverage | 14.10x | 10.73x | 13.72x | 10.99x | 12.13x | 0.10x | — |
| R&D as a share of sales | — | 1.1% | 1.3% | 1.6% | 1.5% | 1.2% | 1.3% |
| Buybacks as a share of market value | -10.6% | -0.1% | -0.1% | 0.4% | -0.2% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 8.3% | 2.0% |
| Operating income | 27.6% | 192.1% | 2.5% |
| Net income | 78.5% | 27.1% | 10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.3% | 14.3% | 14.0% | 14.3% |
| Operating margin | 6.3% | 5.6% | 4.9% | 5.4% |
| Net margin | 2.8% | 2.0% | 1.9% | 1.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.1 | 30.0 | 12.1 | 22.4 | 11.7 | 12.0 | 13.7 | 9.6 | -22.9 | 8.7 |
| Price to sales | 0.3 | 0.4 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 26.00 | 13.00 | 8.00 | 12.00 | 9.00 | 7.00 | 12.00 | 12.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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