A 
850
+6.12%
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
¥13.07bn
FY2017FY2025
Net income
¥421.9m
FY2017FY2025
Free cash flow
¥1.04bn
FY2017FY2025
Shareholders' equity
¥2.82bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.07bn | ¥11.82bn | ¥10.82bn | ¥11.98bn | ¥8.32bn | ¥5.92bn | ¥3.79bn | ¥2.60bn |
| Gross profit | ¥2.14bn | ¥1.74bn | ¥1.35bn | ¥1.42bn | ¥314.6m | ¥721.4m | ¥220.9m | ¥447.6m |
| Research and development | — | — | — | ¥10.0m | — | — | — | — |
| Operating income | ¥733.5m | ¥532.3m | ¥60.9m | −¥440.0m | −¥1.38bn | −¥887.6m | −¥739.7m | −¥281.7m |
| Net income | ¥421.9m | ¥353.3m | −¥506.1m | ¥116.6m | ¥150.7m | −¥32.0m | −¥382.9m | −¥11.7m |
| Diluted earnings per share | 64.36 | 57.36 | -90.17 | 20.88 | 56.64 | -12.94 | -139.90 | -4.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥12.47bn | ¥11.66bn | ¥11.74bn | ¥12.07bn | ¥10.50bn | ¥5.93bn | ¥5.96bn | ¥3.72bn |
| Cash and short-term investments | ¥2.35bn | ¥1.67bn | ¥1.31bn | ¥948.2m | — | — | — | — |
| Total liabilities | ¥9.65bn | ¥9.91bn | ¥10.40bn | ¥10.48bn | ¥9.07bn | ¥5.19bn | ¥5.21bn | ¥2.62bn |
| Debt | ¥7.16bn | ¥7.86bn | ¥8.68bn | ¥8.64bn | ¥6.17bn | ¥3.79bn | ¥3.79bn | ¥1.73bn |
| Shareholders' equity | ¥2.82bn | ¥1.75bn | ¥1.34bn | ¥1.59bn | ¥1.43bn | ¥747.6m | ¥747.6m | ¥1.09bn |
| Shares outstanding | 7m | 6m | 6m | 6m | 3m | 2m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.39bn | ¥1.77bn | ¥873.9m | ¥595.5m | ¥385.0m | ¥287.0m | −¥30.0m | ¥100.0m |
| Capital spending | −¥354.6m | −¥575.6m | −¥889.0m | −¥1.94bn | −¥2.13bn | −¥1.67bn | −¥1.04bn | −¥720.0m |
| Free cash flow | ¥1.04bn | ¥1.19bn | −¥15.1m | −¥1.34bn | −¥1.74bn | −¥1.38bn | −¥1.07bn | −¥620.0m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.57bn | ¥3.49bn | ¥3.39bn | ¥3.91bn | ¥3.13bn | ¥3.02bn | ¥3.01bn | ¥3.19bn |
| Gross profit | ¥630.0m | ¥610.7m | ¥550.7m | ¥721.1m | ¥515.7m | ¥455.1m | ¥446.4m | ¥544.1m |
| Operating income | ¥288.8m | ¥220.0m | ¥167.7m | ¥301.2m | ¥187.6m | ¥128.6m | ¥116.0m | ¥236.4m |
| Net income | ¥183.8m | ¥111.6m | ¥135.7m | ¥135.9m | ¥100.0m | −¥18.0m | ¥203.9m | ¥288.4m |
| Diluted earnings per share | 28.20 | 16.93 | 20.53 | 20.17 | 14.97 | -2.77 | 32.81 | 47.75 |
| Cash from operations | — | ¥996.0m | — | ¥430.0m | — | ¥963.0m | — | ¥302.0m |
| Capital spending | — | −¥73.0m | — | −¥224.0m | — | −¥129.0m | — | −¥417.0m |
| Free cash flow | — | ¥923.0m | — | ¥206.0m | — | ¥834.0m | — | −¥115.0m |
| Total assets | ¥10.75bn | ¥10.92bn | ¥11.64bn | ¥12.47bn | ¥11.19bn | ¥11.10bn | ¥10.69bn | ¥11.66bn |
| Cash and short-term investments | ¥1.63bn | ¥1.71bn | ¥2.39bn | ¥2.35bn | ¥1.73bn | ¥1.94bn | ¥1.90bn | ¥1.67bn |
| Debt | ¥4.48bn | ¥4.72bn | ¥5.01bn | ¥6.01bn | ¥5.48bn | ¥5.64bn | ¥5.85bn | ¥6.74bn |
| Shareholders' equity | ¥2.99bn | ¥2.86bn | ¥3.11bn | ¥2.82bn | ¥2.71bn | ¥2.54bn | ¥1.95bn | ¥1.75bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 17.2% | — |
| Net income | 53.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.6% | 13.9% | 12.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 22.3 | 28.1 | -5.4 | 13.9 | 9.0 | -161.9 | -60.9 |
| Price to sales | 0.7 | 0.8 | 0.3 | 0.1 | 0.2 | 0.9 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 27 Sept 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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