U 
198
+3.13%
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
¥112.73bn
FY2017FY2026
Net income
¥283.0m
FY2017FY2026
Free cash flow
−¥942.0m
FY2017FY2026
Shareholders' equity
¥17.11bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥112.73bn | ¥131.94bn | ¥131.29bn | ¥161.71bn | ¥134.55bn | ¥136.18bn | ¥141.01bn | ¥138.67bn | ¥125.84bn | ¥111.92bn |
| Gross profit | ¥6.53bn | ¥7.57bn | ¥7.34bn | ¥8.26bn | ¥7.67bn | ¥7.65bn | ¥1.96bn | ¥4.59bn | ¥6.72bn | ¥7.08bn |
| Research and development | — | — | — | — | — | — | — | — | — | ¥13.6m |
| Operating income | ¥1.21bn | ¥2.15bn | ¥2.04bn | ¥2.22bn | ¥1.50bn | ¥858.0m | −¥5.19bn | −¥769.3m | ¥1.94bn | ¥2.87bn |
| Net income | ¥283.0m | −¥2.51bn | ¥1.02bn | ¥637.0m | ¥1.57bn | −¥96.0m | −¥12.57bn | −¥2.24bn | ¥553.7m | ¥1.31bn |
| Diluted earnings per share | 10.06 | -89.09 | 36.15 | 22.52 | 55.56 | -3.39 | -651.55 | -116.28 | 28.78 | 81.16 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥75.81bn | ¥73.63bn | ¥79.02bn | ¥84.78bn | ¥73.37bn | ¥67.36bn | ¥61.42bn | ¥74.31bn | ¥62.41bn | ¥60.63bn |
| Cash and short-term investments | ¥10.60bn | ¥11.56bn | ¥10.27bn | ¥9.75bn | ¥7.93bn | ¥9.17bn | ¥4.22bn | ¥6.42bn | ¥6.09bn | ¥9.88bn |
| Total liabilities | ¥58.66bn | ¥58.30bn | ¥59.30bn | ¥66.77bn | ¥56.28bn | ¥52.43bn | ¥58.00bn | ¥56.93bn | ¥50.43bn | ¥43.99bn |
| Debt | ¥34.08bn | ¥31.75bn | ¥35.83bn | ¥38.23bn | ¥26.70bn | ¥19.20bn | ¥26.03bn | ¥23.79bn | ¥23.08bn | ¥21.16bn |
| Shareholders' equity | ¥17.11bn | ¥15.29bn | ¥19.70bn | ¥18.00bn | ¥17.03bn | ¥14.87bn | ¥3.37bn | ¥17.36bn | ¥11.98bn | ¥16.64bn |
| Shares outstanding | 28m | 28m | 28m | 28m | 28m | 28m | 19m | 19m | 19m | 16m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.59bn | ¥10.35bn | ¥8.66bn | ¥361.0m | −¥3.51bn | ¥2.59bn | ¥427.3m | ¥106.8m | ¥1.9m | ¥2.06bn |
| Capital spending | −¥3.53bn | −¥2.48bn | −¥3.95bn | −¥3.00bn | −¥2.44bn | −¥1.70bn | −¥4.41bn | −¥7.81bn | −¥5.97bn | −¥3.44bn |
| Free cash flow | −¥942.0m | ¥7.87bn | ¥4.71bn | −¥2.64bn | −¥5.95bn | ¥892.0m | −¥3.98bn | −¥7.70bn | −¥5.97bn | −¥1.39bn |
| Dividends paid | −¥329.0m | −¥464.0m | — | — | — | — | −¥578.9m | −¥483.7m | −¥358.9m | −¥358.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥31.94bn | ¥27.59bn | ¥28.94bn | ¥27.20bn | ¥28.99bn | ¥32.02bn | ¥34.69bn | ¥32.19bn |
| Gross profit | ¥1.63bn | ¥1.29bn | ¥1.81bn | ¥1.72bn | ¥1.71bn | ¥2.17bn | ¥2.00bn | ¥1.60bn |
| Operating income | ¥230.0m | −¥11.0m | ¥455.0m | ¥366.0m | ¥400.0m | ¥773.0m | ¥611.0m | ¥310.0m |
| Net income | −¥168.0m | −¥435.0m | ¥303.0m | ¥177.0m | ¥238.0m | −¥2.88bn | ¥825.0m | −¥1.04bn |
| Diluted earnings per share | -5.97 | -15.46 | 10.77 | 6.29 | 8.46 | -102.17 | 29.18 | -36.96 |
| Total assets | ¥81.45bn | ¥75.81bn | ¥76.91bn | ¥72.72bn | ¥72.28bn | ¥73.63bn | ¥81.53bn | ¥77.60bn |
| Cash and short-term investments | ¥10.52bn | ¥10.60bn | ¥11.03bn | ¥11.26bn | ¥11.82bn | ¥11.56bn | ¥13.70bn | ¥13.86bn |
| Debt | ¥24.40bn | ¥33.84bn | ¥23.80bn | ¥31.90bn | ¥22.70bn | ¥31.50bn | ¥21.76bn | ¥33.57bn |
| Shareholders' equity | ¥17.30bn | ¥17.11bn | ¥17.20bn | ¥15.85bn | ¥15.07bn | ¥15.29bn | ¥19.35bn | ¥17.88bn |
Financial ratios
Data as of 6 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 5.8% | 5.7% | 5.6% | 5.1% | 5.7% | 5.6% | — | — |
| Operating margin | 1.1% | 1.6% | 1.6% | 1.4% | 1.1% | 0.6% | — | — |
| Net margin | 0.3% | -1.9% | 0.8% | 0.4% | 1.2% | -0.1% | — | — |
| Return on equity | 1.7% | -16.4% | 5.2% | 3.5% | 9.2% | -0.6% | — | — |
| Return on assets | 0.4% | -3.4% | 1.3% | 0.8% | 2.1% | -0.1% | — | — |
| Free cash flow yield | 94.9% | 199.2% | 194.8% | 51.9% | -16.6% | 66.1% | — | — |
| Revenue growth | -14.6% | 0.5% | -18.8% | 20.2% | -1.2% | -3.4% | — | — |
| Earnings growth | -111.3% | -345.3% | 60.4% | -59.5% | -1736.5% | -99.2% | — | — |
| Current ratio | 0.95x | 0.99x | 1.11x | 1.10x | 1.14x | 1.04x | — | — |
| Debt to equity | 1.98x | 2.06x | 1.80x | 2.10x | 1.52x | 1.22x | — | — |
| Equity ratio | 22.6% | 20.8% | 24.9% | 21.2% | 23.2% | 22.1% | — | — |
| Interest coverage | 2.78x | 3.42x | 2.29x | 3.20x | 4.84x | 1.45x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.5% | 0.0% | -0.0% | 0.2% | -46.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.3% | -3.7% | 0.2% |
| Operating income | -18.4% | 7.1% | -6.4% |
| Net income | -23.7% | — | -17.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.8% | 5.5% | 5.6% | 5.0% |
| Operating margin | 1.4% | 1.4% | 1.2% | 0.8% |
| Net margin | -0.9% | -0.1% | 0.1% | -0.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.9 | -3.8 | 8.6 | 16.4 | 8.6 | -129.6 | -0.7 | -3.9 | 61.8 | 37.1 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 15.00 | 30.00 | 25.00 | 22.30 | 22.30 |
- 2-for-1 split · 29 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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