M 
3,015
+3.97%
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
¥8.64bn
FY2017FY2026
Net income
¥648.5m
FY2017FY2026
Free cash flow
−¥120.6m
FY2017FY2026
Shareholders' equity
¥6.06bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.64bn | ¥9.21bn | ¥7.45bn | ¥7.90bn | ¥8.51bn | ¥9.59bn | ¥9.87bn | ¥9.32bn | ¥8.50bn | ¥6.99bn |
| Gross profit | ¥2.01bn | ¥1.86bn | ¥1.38bn | ¥1.32bn | ¥1.55bn | ¥1.42bn | ¥1.64bn | ¥1.59bn | ¥1.34bn | ¥1.23bn |
| Research and development | — | ¥4.7m | ¥6.8m | ¥12.8m | ¥10.1m | ¥10.4m | ¥10.0m | — | ¥23.0m | ¥22.0m |
| Operating income | ¥856.3m | ¥735.6m | ¥342.5m | ¥274.9m | ¥473.5m | ¥360.1m | ¥527.0m | ¥201.7m | ¥289.8m | ¥265.6m |
| Net income | ¥648.5m | ¥568.7m | ¥211.8m | ¥148.9m | ¥270.4m | ¥204.5m | ¥281.0m | ¥144.6m | ¥209.9m | ¥151.8m |
| Diluted earnings per share | 490.04 | 429.73 | 156.07 | 108.31 | 196.65 | 148.69 | 204.30 | 105.16 | 151.89 | 108.73 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.55bn | ¥8.91bn | ¥8.22bn | ¥7.77bn | ¥7.95bn | ¥8.88bn | ¥9.90bn | ¥9.69bn | ¥9.19bn | ¥8.16bn |
| Cash and short-term investments | ¥901.0m | ¥933.7m | ¥979.3m | ¥905.7m | ¥830.4m | ¥1.15bn | ¥1.16bn | ¥1.65bn | ¥1.11bn | ¥965.2m |
| Total liabilities | ¥3.49bn | ¥3.75bn | ¥3.49bn | ¥3.42bn | ¥3.73bn | ¥4.72bn | ¥5.86bn | ¥5.63bn | ¥5.39bn | ¥4.59bn |
| Debt | ¥1.69bn | ¥1.41bn | ¥1.15bn | ¥1.34bn | ¥1.31bn | ¥2.18bn | ¥3.10bn | ¥2.96bn | ¥2.55bn | ¥2.55bn |
| Shareholders' equity | ¥6.06bn | ¥5.16bn | ¥4.73bn | ¥4.35bn | ¥4.21bn | ¥4.16bn | ¥4.04bn | ¥4.06bn | ¥3.80bn | ¥3.57bn |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥45.5m | −¥91.9m | ¥604.3m | ¥243.9m | ¥730.8m | ¥1.18bn | −¥352.9m | ¥442.0m | ¥334.0m | −¥138.0m |
| Capital spending | −¥166.1m | −¥95.9m | −¥221.8m | −¥98.4m | −¥140.4m | −¥178.6m | −¥235.8m | −¥75.0m | −¥42.0m | −¥55.0m |
| Free cash flow | −¥120.6m | −¥187.8m | ¥382.6m | ¥145.5m | ¥590.4m | ¥999.5m | −¥588.7m | ¥367.0m | ¥292.0m | −¥193.0m |
| Dividends paid | −¥80.2m | −¥68.3m | −¥41.0m | −¥68.4m | −¥41.1m | −¥68.4m | −¥41.0m | −¥54.0m | −¥41.0m | −¥41.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.37bn | ¥2.80bn | ¥2.18bn | ¥1.64bn | ¥2.01bn | ¥2.95bn | ¥2.22bn | ¥2.11bn |
| Gross profit | ¥579.9m | ¥775.4m | ¥591.0m | ¥237.5m | ¥404.9m | ¥800.5m | ¥407.0m | ¥351.0m |
| Operating income | ¥280.0m | ¥442.0m | ¥327.4m | −¥40.8m | ¥127.7m | ¥494.9m | ¥128.0m | ¥84.0m |
| Net income | ¥199.8m | ¥343.1m | ¥236.4m | −¥27.0m | ¥95.9m | ¥408.4m | ¥85.0m | ¥48.0m |
| Diluted earnings per share | 150.95 | 259.29 | 178.63 | -20.37 | 72.50 | 308.63 | 62.62 | 35.36 |
| Total assets | ¥9.41bn | ¥9.55bn | ¥9.10bn | ¥8.31bn | ¥7.95bn | ¥8.91bn | ¥8.18bn | ¥7.97bn |
| Cash and short-term investments | ¥1.06bn | ¥901.0m | ¥913.0m | ¥703.5m | ¥1.01bn | ¥933.7m | ¥935.0m | ¥863.0m |
| Debt | ¥1.05bn | ¥1.66bn | ¥868.3m | ¥924.0m | ¥392.7m | ¥1.36bn | ¥593.9m | ¥1.11bn |
| Shareholders' equity | ¥6.17bn | ¥6.06bn | ¥5.68bn | ¥5.33bn | ¥5.24bn | ¥5.16bn | ¥4.73bn | ¥4.62bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 23.3% | 20.2% | 18.6% | 16.7% | 18.3% | 14.8% | — |
| Operating margin | 10.3% | 8.1% | 4.9% | 3.5% | 5.6% | 3.8% | — |
| Net margin | 7.5% | 6.2% | 2.8% | 1.9% | 3.2% | 2.1% | — |
| Return on equity | 10.7% | 11.0% | 4.5% | 3.4% | 6.4% | 4.9% | — |
| Return on assets | 6.8% | 6.4% | 2.6% | 1.9% | 3.4% | 2.3% | — |
| Free cash flow yield | 1.0% | -2.1% | 13.2% | 5.3% | 15.8% | 25.4% | — |
| Revenue growth | -6.2% | 23.7% | -5.7% | -7.1% | -11.3% | -2.8% | — |
| Earnings growth | 14.0% | 168.5% | 42.2% | -44.9% | 32.2% | -27.2% | — |
| Current ratio | 2.12x | 1.82x | 1.84x | 1.87x | 1.81x | 1.55x | — |
| Debt to equity | 0.27x | 0.26x | 0.22x | 0.28x | 0.27x | 0.48x | — |
| Equity ratio | 63.5% | 57.9% | 57.6% | 56.0% | 53.0% | 46.8% | — |
| Interest coverage | 44.86x | 27.67x | 15.79x | 16.38x | 34.10x | 17.02x | — |
| R&D as a share of sales | — | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | 2.5% | 1.3% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | -2.1% | 1.4% |
| Operating income | 46.0% | 18.9% | 11.9% |
| Net income | 63.3% | 26.0% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.7% | 19.8% | 18.6% | 17.8% |
| Operating margin | 8.9% | 6.7% | 5.9% | 4.9% |
| Net margin | 6.8% | 4.8% | 4.0% | 3.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 5.3 | 9.9 | 15.0 | 9.5 | 11.4 | 8.5 | 15.9 | 11.2 | 18.0 |
| Price to sales | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 110.00 | 50.00 | 30.00 | 50.00 | 30.00 | 50.00 | 30.00 | 40.00 |
- 10-to-1 reverse split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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