L 
1,580
+1.28%
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
¥17.10bn
FY2016FY2025
Net income
¥696.0m
FY2016FY2025
Free cash flow
−¥466.0m
FY2016FY2025
Shareholders' equity
¥4.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.10bn | ¥16.59bn | ¥12.24bn | ¥9.64bn | ¥7.38bn | ¥5.56bn | ¥3.79bn | ¥2.99bn | ¥2.41bn | ¥1.98bn |
| Gross profit | ¥6.09bn | ¥5.90bn | ¥4.27bn | ¥3.21bn | ¥2.63bn | ¥2.05bn | ¥1.49bn | ¥1.20bn | ¥1.01bn | ¥776.4m |
| Operating income | ¥1.19bn | ¥1.16bn | ¥719.4m | ¥501.4m | ¥600.2m | ¥478.6m | ¥307.8m | ¥270.3m | ¥184.2m | ¥12.4m |
| Net income | ¥696.0m | ¥973.0m | ¥456.0m | ¥232.6m | ¥388.4m | ¥270.3m | ¥201.7m | ¥184.8m | ¥119.3m | −¥143.9m |
| Diluted earnings per share | 156.16 | 216.47 | 98.42 | 52.79 | 87.41 | 60.83 | 46.29 | 41.80 | 26.94 | -32.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.03bn | ¥11.58bn | ¥12.00bn | ¥5.60bn | ¥5.08bn | ¥4.30bn | ¥2.45bn | ¥1.89bn | ¥1.71bn | ¥935.6m |
| Cash and short-term investments | ¥3.38bn | ¥5.45bn | ¥3.85bn | ¥2.98bn | ¥2.43bn | ¥2.68bn | ¥1.39bn | ¥1.28bn | ¥1.15bn | ¥429.4m |
| Total liabilities | ¥5.27bn | ¥7.01bn | ¥8.38bn | ¥2.35bn | ¥3.00bn | ¥2.57bn | ¥948.3m | ¥546.3m | ¥657.2m | ¥424.1m |
| Debt | ¥2.92bn | ¥3.89bn | ¥5.20bn | ¥682.2m | ¥965.9m | ¥1.19bn | ¥88.7m | ¥51.7m | ¥79.7m | ¥147.9m |
| Shareholders' equity | ¥4.76bn | ¥4.57bn | ¥3.57bn | ¥3.24bn | ¥2.08bn | ¥1.73bn | ¥1.50bn | ¥1.35bn | ¥1.05bn | ¥511.5m |
| Shares outstanding | 4m | 4m | 5m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥326.0m | ¥816.0m | ¥647.0m | ¥255.3m | ¥422.0m | ¥468.9m | ¥239.1m | ¥94.7m | ¥375.6m | −¥147.8m |
| Capital spending | −¥140.0m | −¥217.0m | −¥43.0m | −¥288.4m | −¥90.3m | −¥79.6m | −¥45.3m | −¥31.6m | −¥7.6m | −¥37.4m |
| Free cash flow | −¥466.0m | ¥599.0m | ¥604.0m | −¥33.2m | ¥331.6m | ¥389.3m | ¥193.8m | ¥63.0m | ¥368.0m | −¥185.1m |
| Dividends paid | −¥136.0m | — | — | — | — | −¥1.31bn | −¥112.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.13bn | ¥4.39bn | ¥4.22bn | ¥4.31bn | ¥4.15bn | ¥4.42bn | ¥4.34bn | ¥4.23bn |
| Gross profit | ¥1.23bn | ¥1.41bn | ¥1.59bn | ¥1.62bn | ¥1.32bn | ¥1.56bn | ¥1.55bn | ¥1.54bn |
| Operating income | ¥154.0m | ¥497.0m | ¥302.0m | ¥411.0m | ¥51.0m | ¥423.0m | ¥341.0m | ¥352.0m |
| Net income | ¥87.0m | ¥419.0m | ¥224.0m | ¥246.0m | −¥106.0m | ¥332.0m | ¥273.0m | ¥342.0m |
| Diluted earnings per share | 19.56 | 94.21 | 50.26 | 55.19 | -23.78 | 74.49 | 60.74 | 76.09 |
| Total assets | ¥9.98bn | ¥10.05bn | ¥10.03bn | ¥10.18bn | ¥9.72bn | ¥10.90bn | ¥11.58bn | ¥11.52bn |
| Cash and short-term investments | ¥3.97bn | ¥3.18bn | ¥3.38bn | ¥3.64bn | ¥3.97bn | ¥4.93bn | ¥5.45bn | ¥4.20bn |
| Debt | ¥2.42bn | ¥952.0m | ¥2.92bn | ¥969.0m | ¥2.36bn | ¥804.0m | ¥900.0m | ¥959.0m |
| Shareholders' equity | ¥5.12bn | ¥5.03bn | ¥4.76bn | ¥4.65bn | ¥4.64bn | ¥4.74bn | ¥4.57bn | ¥4.24bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.6% | 35.6% | 34.9% | 33.4% | 35.6% | 36.8% |
| Operating margin | 6.9% | 9.1% | 6.2% | 3.6% | 7.6% | 7.8% |
| Net margin | 4.1% | 5.9% | 3.7% | 2.4% | 5.3% | 4.9% |
| Return on equity | 14.6% | 21.3% | 12.8% | 7.2% | 18.7% | 15.6% |
| Return on assets | 6.9% | 8.4% | 3.8% | 4.2% | 7.6% | 6.3% |
| Free cash flow yield | -2.3% | 12.9% | 8.4% | 6.9% | 6.5% | 6.9% |
| Revenue growth | 3.1% | 35.5% | 27.0% | 30.7% | 32.7% | 46.6% |
| Earnings growth | -28.5% | 113.4% | 96.1% | -40.1% | 43.7% | 34.0% |
| Current ratio | 2.22x | 2.27x | 1.76x | 2.52x | 1.90x | 2.34x |
| Debt to equity | 0.61x | 0.85x | 1.45x | 0.21x | 0.47x | 0.69x |
| Equity ratio | 47.5% | 39.4% | 29.7% | 58.0% | 40.9% | 40.2% |
| Interest coverage | 28.95x | 28.58x | 63.58x | 70.22x | 92.08x | 72.09x |
| Buybacks as a share of market value | 0.8% | 3.0% | -5.2% | 0.9% | 0.0% | -2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.1% | 25.2% | 24.6% |
| Operating income | 33.3% | 19.9% | 27.6% |
| Net income | 44.1% | 20.8% | 27.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.6% | 35.1% | 35.3% | 36.0% |
| Operating margin | 7.0% | 6.4% | 6.8% | 6.8% |
| Net margin | 5.0% | 4.2% | 4.4% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.7 | 10.9 | 29.4 | 53.5 | 31.8 | 68.3 | 30.2 | 32.5 | 93.3 |
| Price to sales | 0.6 | 0.6 | 1.1 | 1.3 | 1.7 | 3.3 | 1.6 | 2.0 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 65.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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