T 
105
+6.06%
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
¥4.73bn
FY2017FY2026
Net income
−¥457.9m
FY2017FY2026
Free cash flow
−¥1.63bn
FY2017FY2026
Shareholders' equity
¥855.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.73bn | ¥3.72bn | ¥2.67bn | ¥1.26bn | ¥1.04bn | ¥919.0m | ¥33.36bn | ¥29.27bn | ¥24.26bn | ¥22.53bn |
| Gross profit | ¥1.02bn | ¥909.1m | ¥725.2m | ¥398.3m | ¥50.3m | ¥21.6m | ¥4.11bn | ¥3.78bn | ¥3.19bn | ¥3.07bn |
| Operating income | −¥137.1m | −¥111.6m | −¥261.4m | −¥888.3m | −¥1.46bn | −¥2.12bn | ¥138.7m | ¥333.1m | ¥82.0m | ¥313.7m |
| Net income | −¥457.9m | −¥767.9m | −¥320.7m | −¥1.01bn | −¥1.97bn | −¥1.81bn | ¥88.3m | ¥190.1m | ¥39.0m | ¥192.1m |
| Diluted earnings per share | -23.17 | -38.81 | -16.23 | -58.69 | -125.98 | -152.50 | 9.25 | 18.50 | 4.03 | 20.58 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.35bn | ¥3.72bn | ¥3.52bn | ¥1.85bn | ¥3.67bn | ¥5.01bn | ¥5.30bn | ¥6.86bn | ¥4.18bn | ¥2.85bn |
| Cash and short-term investments | ¥1.20bn | ¥2.60bn | ¥2.48bn | ¥827.9m | ¥2.82bn | ¥3.52bn | ¥2.76bn | ¥3.69bn | ¥2.16bn | ¥997.9m |
| Total liabilities | ¥1.44bn | ¥3.10bn | ¥2.13bn | ¥2.90bn | ¥4.69bn | ¥4.91bn | ¥3.76bn | ¥5.49bn | ¥2.99bn | ¥2.38bn |
| Debt | ¥500.0m | ¥500.0m | ¥500.0m | ¥2.30bn | ¥3.80bn | ¥4.20bn | ¥700.0m | ¥12.0m | ¥14.4m | ¥42.6m |
| Shareholders' equity | ¥855.0m | ¥588.4m | ¥1.36bn | −¥1.08bn | −¥1.05bn | ¥99.5m | ¥1.53bn | ¥1.37bn | ¥1.19bn | ¥474.5m |
| Shares outstanding | 20m | 20m | 20m | 17m | 16m | 12m | 10m | 10m | 10m | 9m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥1.62bn | ¥128.5m | −¥121.8m | −¥1.45bn | −¥922.2m | −¥3.00bn | −¥1.34bn | ¥1.82bn | ¥589.2m | −¥147.2m |
| Capital spending | −¥10.4m | −¥242,000 | −¥16.3m | −¥77.7m | −¥193.4m | −¥166.8m | −¥306.5m | −¥196.9m | −¥75.3m | −¥68.4m |
| Free cash flow | −¥1.63bn | ¥128.2m | −¥138.2m | −¥1.53bn | −¥1.12bn | −¥3.16bn | −¥1.65bn | ¥1.62bn | ¥513.8m | −¥215.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥722.6m | ¥1.23bn | ¥1.17bn | ¥1.64bn | ¥690.4m | ¥1.20bn | ¥796.2m | ¥1.03bn |
| Gross profit | ¥153.3m | ¥247.1m | ¥246.8m | ¥362.1m | ¥167.9m | ¥275.3m | ¥202.4m | ¥246.7m |
| Operating income | −¥127.3m | −¥61.7m | −¥52.6m | ¥72.7m | −¥95.5m | ¥4.2m | −¥39.8m | ¥2.8m |
| Net income | −¥132.5m | −¥63.2m | ¥259.6m | ¥90.3m | −¥744.6m | ¥5.2m | −¥42.8m | ¥1.0m |
| Diluted earnings per share | -6.71 | -3.20 | 13.12 | 4.56 | -37.63 | 0.26 | -2.17 | 0.05 |
| Cash from operations | — | — | — | — | — | — | ¥163.0m | — |
| Total assets | ¥2.37bn | ¥2.35bn | ¥2.53bn | ¥3.55bn | ¥3.72bn | ¥3.39bn | ¥3.62bn | ¥3.51bn |
| Cash and short-term investments | ¥981.3m | ¥1.20bn | ¥1.29bn | ¥2.08bn | ¥2.60bn | ¥2.49bn | ¥2.64bn | ¥2.39bn |
| Debt | ¥500.0m | — | ¥500.0m | — | ¥500.0m | — | ¥500.0m | — |
| Shareholders' equity | ¥741.6m | ¥855.0m | ¥937.3m | ¥676.6m | ¥588.4m | ¥1.34bn | ¥1.32bn | ¥1.36bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 55.4% | 38.8% | -14.1% |
| Operating income | -46.4% | -42.2% | — |
| Net income | -23.3% | -24.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 24.7% | 21.8% | 13.8% |
| Operating margin | -2.9% | -11.3% | -34.7% | -2.7% |
| Net margin | -14.5% | -20.7% | -44.2% | -3.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | -3.6 | -9.6 | -4.7 | -2.8 | -6.3 | 98.0 | 113.5 | 329.7 | 39.9 |
| Price to sales | 0.4 | 0.7 | 1.1 | 3.8 | 5.3 | 12.4 | 0.3 | 0.7 | 0.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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